Bitcoin's Horrible Weekend, GameStop CEO to Step Down, The UK Intervenes in Nvidia's$40B Chip Deal, An Earnings Beat for Coca-Cola, Tesla Shares Slide Amid Probe, and Disney CEO's Message on Movies and Reopening Theaters

Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber let off the show by discussing working our way back to normal: Jim and David being on set together for the first time in 13 months. They segued to Bitcoin's weekend sell-off and what it means for cryptocurrency and shares of Coinbase after last week's public debut. Coinbase's CEO sold shares of his stock and ARK Invest's Cathie Wood bought more Bitcoin. Semiconductors also in the spotlight: The UK government has intervened in Nvidia’s proposed $40-billion deal to acquire chip designer ARM on national security grounds. On the earnings front, Coca-Cola posted better-than-expected quarterly results and improved margins. Also in focus: The union that lost an election aimed at unionizing an Amazon warehouse in Alabama filed a federal complaint accusing the company of illegal interference, Dr. Anthony Fauci ‘s comments about the future for Johnson & Johnson's halted COVID vaccine, anchor reaction to what Disney CEO Bob Chapek said in a Barron's interview about streaming subscribers returning to reopened movie theaters and what the future holds for blockbuster film budgets, Peloton shares down sharply after a federal agency warned consumers to stop using the company's "Tread+" treadmill, and Tesla shares under pressure as authorities in Texas are looking into a Tesla crash over the weekend that killed two men. According to a report, no one was behind the wheel of the car.