Flipping the Script, Market Swings, Senate Stimulus Approval, David Digs Through the Deals

Squawk on the Street

The “Squawk on the Street” team discusses the mixed market. The Dow changing course after bullish comments from hedge fund manager David Tepper. Tepper writing in to CNBC that a, “combination of stimulus and low Japanese bond yields positive for U.S. stocks.” That “selling of U.S. Treasury’s is likely over” and “stocks like Amazon look attractive.” The Senate passing that $1.9 trillion dollar Covid relief bill. President Biden says people will start getting stimulus checks this month. Oil in focus again, as Brent crude breaks $70 after Saudi Arabia’s oil facilities were attacked by Yemen’s Houthis. Plus, a busy morning for deals, David digs through the big movers. General Electric nearing a $30 billion deal to merge its aircraft leasing business with AerCap Holdings. Apollo Global gains following news that it will merge with Athene Holding in an all-stock transaction valuing Athene at about $11 billion. And McAfee, surging on news it sold its enterprise business to privately held Symphony Technology Group for $4 billion in cash. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.