Stocks Pop, Recovering From a China Trade Deal Scare, Apple Ditches Intel Chips, Incoming Mastercard CEO
b'Carl Quintanilla, Jim Cramer and David Faber discuss the pop in stocks after White House trade advisor Navarro clarified his comments that the U.S.-China trade deal was over.\\xa0Navarro explaining he was quote: \\u201cspeaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world.\\u201d\\xa0Shares of Apple surging on the heels of the company\\u2019s WWDC event, the stock hitting a record high at the open.\\xa0The tech giant announcing it\\u2019s ditching Intel and will be using its own chips for Macs.\\xa0Plus, the \\u201cSquawk on the Street\\u201d team speaks with the incoming CEO of Mastercard after the company announces it\\u2019s purchasing open-banking company Finicity for $825 million.'