The FDA Grants Full Approval to Pfizer's COVID Vaccine, Fed Chair Powell and Jackson Hole, Bitcoin Back Above $50K, Wall Street Firms' First Calls on Robinhood, "Gig Stocks" Slump on California Judge's Ruling, and Sir Richard Branson's Virgin Orbit to Go Public Via a SPAC Deal.
b'Carl Quintanilla, Jim Cramer and David Faber discussed what\'s ahead for the markets this week in light of the big news of the morning: The FDA officially granting full approval to the Pfizer/BioNTech COVID-19 vaccine. The anchors discussed what this development could mean for the reopening trade, vaccine mandates and getting workers back into the office. Carl, Jim and David also reacted to former FDA Commissioner Dr. Scott Gottlieb\'s comments to CNBC about businesses mandating vaccine shots for workers. The Fed also in the spotlight ahead of Friday\'s Jackson Hole symposium, which is going virtual due to the Delta variant outbreak. The anchors explored whether Fed Chair Jerome Powell should hold off on his tapering strategy until we get more answers about how long Delta will impact the recovery. Also in focus: Bitcoin jumps back above $50,000 for the first time since May, a number of Wall Street firms initiating coverage of Robinhood nearly a month after its public debut, shares of Uber, Lyft and DoorDash take a hit after a California judge ruled the state\'s "gig worker" law to be unconstitutional, and Sir Richard Branson\'s Virgin Orbit satellite launch service planning to go public by combining with SPAC "NextGen Acquisition Corp. II" in a $3.2-billion deal.'