Cathie Wood's "Tesla Effect”, Barstool's Portnoy vs. Robinhood's CEO, Square's Bitcoin Bet, The FDA's J&J COVID Vaccine Assessment, And Marriott's New CEO Talks Travel And The Pandemic

Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber discussed fund manager Cathie Wood buying into Tesla's recent sell-off – news that sent the stock higher – and that her fund also experienced major outflows. The anchors dig deep into her investment strategy. They also reacted to the clash between Barstool Sports CEO Dave Portnoy and Robinhood CEO Vlad Tenev over the GameStop saga. Johnson & Johnson in the spotlight after FDA staff found the company's one-dose COVID-19 vaccine to be safe and effective, putting it one step closer to receiving approval for emergency use. Marriott International's new CEO Tony Capuano joined the program to discuss the future for his company and the travel industry amid the pandemic as COVID vaccinations increase. Also in focus: Square’s $170-million Bitcoin purchase, plus what to expect from a White House meeting on the global chip shortage.