Declining Bond Yields Boost Tech, Tesla Shares Pop & Mega Rail Deal

Squawk on the Street

Jim Cramer and David Faber discuss the tech bounceback – leading the Nasdaq and S&P 500 higher amid falling Treasury Yields. Shares of Apple, Facebook & Microsoft all gaining more than 1% in morning trading. Plus shares of Tesla rallying more than 4% as Cathie Wood’s Ark Invest puts out a new price target on the stock which calls for it to quadruple in four years. And Morgan Brennan joins for First On CNBC interview with Canadian Pacific Railway CEO Keith Creel, the company acquiring Kansas City Southern, in a deal which would create the first U.S.-Mexico-Canada rail network.