One day after the Fed raised its expectations for inflation and indicated rate hikes could come as soon as 2023, Jim Cramer and Scott Wapner weighed in on reaction to that news, especially from billionaire investor and Appaloosa Management chief David Tepper. Wapner says Tepper told him the "Fed did a good job" and that its approach shows policymakers are not asleep at the wheel. Tepper also told Scott that he thinks "the stock market is still fine for right now." The anchors also discussed Mark Cuban's claim in a tweet that he took a "hit" from a cryptocurrency crash involving the Iron Titanium token also known as TITAN, which plummeted from over $60 Wednesday to a fraction above zero early Thursday morning. Lockheed Martin CEO Jim Taiclet joined the program exclusively -- marking one year on the job as head of the world's largest defense contractor. He discussed what the geopolitics landscape means for the aerospace/defense industry and how 5G is playing a big role in his company's growth strategy. Also in focus: What Intel CEO Pat Gelsinger said during the CNBC Evolve Global Summit about chips and supply chains, Kroger's earnings and what the CEO of supermarket rival Albertsons told CNBC about the state of the consumer, and Bob Chapek's stewardship as CEO of Disney -- as J.P. Morgan reiterates an "Overweight" rating on the stock.

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17 Jun 2021