Bipartisan Infrastructure Deal Boosts Markets' Record Run, Cramer's "Jailbreak Stocks", Nike Soars, FedEx Slumps, Starbucks CEO on Supply Chain Issues, Microsoft at $2T and Beyond, Bank Stocks React to Stress Test Results, and the Week in SPACs

Carl Quintanilla, Jim Cramer and David Faber discussed the S&P 500 hitting a fresh record high: Stocks extending their rally on Thursday's news of a bipartisan infrastructure deal. Cramer highlighted his list of ten "Jailbreak Stocks" -- including Wells Fargo, Tesla and Caterpillar -- that he said benefited from the news out of the White House. On the earnings front: Nike soars after the Dow component posted a better-than-expected quarterly profit, with sales topping $12-billion for the first time. On the flip side, FedEx shares in the red despite record fiscal Q4 results driven by pandemic volume. The anchors reacted to what Starbucks CEO Kevin Johnson told CNBC about how his company is navigating supply chain issues and insisting there is no cup shortage at Starbucks. Also in focus: What's next for Microsoft one day after it closed with a $2-trillion market cap for the first time, banks passing the Fed's stress tests and how their stocks are reacting to that news, and a busy week for SPAC deals.