Apple Closer To A Car Deal, Merck CEO To Step Down, And Treasury Secretary Yellen & GameStop Volatility

Carl Quintanilla, Jim Cramer and David Faber led off the show with a story broken by CNBC's Phil LeBeau: Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle. The anchors also discussed the legacy of Merck's Ken Frazier, who is stepping down as CEO after a decade on the job. Frazier will take on the role of executive chairman. The Reddit-fueled frenzy remains on Wall Street's radar: What to expect from Treasury Secretary Yellen's meeting with top financial regulators about the volatility driven by retail trading in GameStop, AMC Entertainment and other stocks. Also in focus: eBay's better-than-expected results and outlook, plus a SPAC backed by Sir Richard Branson taking 23andMe public in a $3.5-billion deal.