Morning After a Big Stock Market Rebound: Chair Powell Capitol Hill Testimony Preview, GameStop Surges, Bitcoin Slides Below $30K, EU Antitrust Probe Targets Google, Update on the White House's July 4 Vaccination Goal, and the Latest Company to Move Its HQ out of NYC
b"Carl Quintanilla, Jim Cramer and David Faber explored what's in store for the markets after Monday's big rally erased losses from Friday's sell-off. What should investors make of the rebound? Especially as Wall Street braces for Fed Chair Powell's Tuesday testimony on Capitol Hill before a House panel. The anchors also took a closer look at GameStop -- shares surging after it had announced completion of its previously announced sale of 5 million common shares, raising more than $1.1-billion. Breaking news in the mix: The Biden Administration to acknowledge it is not on track to reach its goal of at least 70% of U.S. adults having at least one shot of the COVID vaccine by July 4. Carl, Jim and David also discussed the EU opening a formal antitrust probe of Alphabet unit Google\\u2019s digital ad practices -- and what regulators going after big tech could mean for the FAANG stocks. More woes for crypto: Bitcoin slumps to a January low below $30,000, as China orders its banks to crack down even harder on crypto trading. Also in focus: U.S.-China relations and their effect on markets, Reddit-fueled stocks on the move, why Cramer's charitable trust closed out of Disney, Blackstone's $6-billion real estate/rental deal, and Philip Morris International's decision to move its corporate headquarters from New York City to Connecticut."