Rocket’s Reddit Volatility, Vaccine Boom, Big Business Betting on ESG

Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber breakdown the mixed morning for markets. Reddit traders honing in on their next pick, Rocket. That stock more than doubling over the past 3 sessions, but falling this morning over 10%. Plus, a vaccine boom in the U.S. President Biden announcing the U.S. will have enough vaccines for 300 million adults by the end of May, two months sooner than previously promised. Big business is betting on ESG, as FedEx commits to carbon-neutral operations by 2024 and ExxonMobil kicks off investor day focusing on its newly created business, ExxonMobil Low Carbon Solutions. Oscar Health getting ready to debut on the NYSE, after pricing above the already-raised range. Carl, Jim and David discuss breaking news, as Apollo Global announces it’s buying crafts retailer Michaels in a $5 billion deal.