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Squawk on the Street

Musk Meets Miners, Amazon Closing in on MGM, IAC Completes Its Vimeo Spinoff, Lordstown Slashes Production

Carl Quintanilla, Jim Cramer and David Faber discuss the massive swings in crypto. Elon Musk announcing he met with bitcoin miners to address environmental concerns surrounding digital currencies. Plus, David’s new reporting on Amazon closing in on a deal with MGM. Shares of Lordstown getting crushed after slashing its production forecast for its EV pickup. IAC completing its spinoff of Vimeo. Plus, Carl, Jim & David discuss the other movers of the morning including, Live Nation, United, Alaska Air and the big banks.

Broadcast on:
25 May 2021