Rallies and Regulation -- The Week in Volatility for Stocks and Crypto, Cramer Puts AT&T on his "Wall of Shame", Tim Cook Heads to the Stand, Barry Diller Slams Apple, and a Stock Split in Chip Land
Jim Cramer and David Faber discussed a volatile week for both stocks and cryptocurrency, with the major indices extending Thursday's gains. Cramer explains why he believes the linkage between moves in crypto and the broader market is going to end soon. The anchors also explored where the potential regulation of crypto comes into the picture -- and how SEC Chairman Gary Gensler has his hands full on many fronts. A twist in the aftermath of the WarnerMedia-Discovery merger deal: Jim puts AT&T CEO John Stankey and his predecessor Randall Stephenson on Cramer's "Wall of Shame." AT&T did receive a pair of Wall Street upgrades. The stock has taken a hit since the deal was announced. The anchors previewed what to expect when Apple CEO Tim Cook takes the stand today in the trial pitting Apple against "Fortnite" creator Epic Games -- the dominance of Apple's app store at the center of the dispute. David and Jim also reacted to media mogul Barry Diller's comments to CNBC about Apple -- saying the tech giant overcharges companies in a "disgusting manner." Also in focus: Nvidia setting a 4-for-1 stock split, and analyst Adam Jonas of Morgan Stanley says people should listen to Cramer's message on the "speculative nature" of investing.
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