GameStop Hearing on the Hill, Deep Freeze, Walmart Worries, Pfizer Vaccine & the South African Virus Variant, Analog Devices CEO on Chip Demand
b'The \\u201cSquawk on the Street\\u201d team discusses what can be expected during the GameStop hearing today on Capitol Hill. The House Financial Services Committee is convening at noon to hear from the major players of the story. Set to testify this afternoon, Robinhood CEO Vlad Tenev, Melvin Capital CEO Gabriel Plotkin, Reddit CEO and co-founder Steve Huffman, Citadel CEO Kenneth Griffin and Keith Gill, also known as Roaring Kitty. Plus, keeping a close eye on the deep freeze in Texas that\\u2019s going on day 6. The weather has shut about one-fifth of the nation\\u2019s refining capacity and closed oil and nat gas production across the state. Oil prices are continuing to rise on fears the freeze could continue for some time. Shares of Walmart falling on an earnings miss. The retailer saying it sees sales growth slowing in the year ahead. A bright side for the big-box retailer? Its e-commerce sales in the U.S. grew by 69% and same-store sales in the U.S. grew by nearly 9%. New thoughts on the South African virus variant that\\u2019s continuing to spread. A lab study suggests that the variant may reduce antibody protection from the Pfizer/BioNTech vaccine by two-thirds, and it\\u2019s not clear if the shot will be effective against the mutation, the companies said Wednesday. Plus, the \\u201cSquawk on the Street\\u201d team is joined by the CEO of Analog Devices on the chip supply chain and his company\\u2019s results.'