Facebook Joins the Trillion-Dollar Club, Cathie Wood Creating a Bitcoin ETF, Big Banks Paying Dividends and Sparking New Record Highs for the Stock Market, United's Biggest Order Ever, and Wall Street's Calls Include a Tesla Price Target Cut.
b'Carl Quintanilla, Jim Cramer and David Faber led the show with a look at Facebook, which on Monday closed above $1-trillion in market value for the first time after a federal court dismissed FTC and state antitrust cases against the company. The anchors explored the challenges facing new FTC Chair Lina Khan as she looks to rein in big tech\'s dominance. They also discussed ARK Invest\'s Cathie Wood\\u2019s tech investment strategy and her plan to create a bitcoin ETF, plus Tesla shares falling after UBS cut its price target for the stock to $600 from $730. Big banks propelled the S&P 500 and Nasdaq to new record intraday highs after most of them raised their dividends just days after passing the Fed\'s stress tests. United Airlines making news after announcing its biggest order ever: 270 Boeing and Airbus jets. The anchors reacted to what United CEO Scott Kirby told CNBC about why such an order was necessary. Also in focus, Nvidia\'s $500-million market cap, stock-moving Wall Street calls on the likes of Biogen, FedEx, Textron and CNBC parent Comcast, Uber reportedly will let employees work half their hours from wherever they want as part of its revamped return-to-office strategy, and Cramer saying many investors and strategists who have been betting against the Biden presidency are experiencing "seller\'s remorse."'