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The Biden Infrastructure Plan And The Corporate Tax Hike Debate, The Reopening Trade And COVID Vaccine Latest, Chip Shortage Impacting Apple?, Peter Thiel Calls Bitcoin A "Chinese Financial Weapon”, Crusin' For A Brusin' - The Carnival-CDC Battle, And Another Record High For The S&P 500
On another record-setting day for the S&P 500, Carl Quintanilla, Jim Cramer and David Faber led off the show with a discussion about President Biden's $2-trillion infrastructure plan and raising corporate tax rates to pay for it. The president says he is willing to negotiate the 28% percent rate he favors. The anchors explored how the potential for a tax hikes could affect company guidance during earnings season -- as well as just how much corporations benefited from the Trump tax cuts. They also spoke about the reopening trade and COVID vaccinations, including the scrutiny AstraZeneca is facing . The chip shortage also in the spotlight: Production of Apple's MacBook and iPad reportedly delayed due to a supply crunch. The anchors also reacted to what the CEO of Applied Materials told Jim about what the chip equipment maker can do to alleviate the semiconductor shortage. Cramer made some eye-opening comments about Carnival and the cruise industry's battle with the CDC over resuming sailings. Also in focus: Tech shares rally, Palantir Chairman Peter Thiel calls Bitcoin a "Chinese financial weapon", and shares of cloud computing company Box slide after announcing a $500 million investment from funds run by private-equity firm KKR -- and that Aaron Levie will step down as chairman in May but remain CEO.
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