Making Sense of a Roller Coaster Market Week, EV News from Lucid to Musk to Ford, Mark Cuban Tweets About Regulating Crypto, Biden vs. Manchin, COVID Vaccine Booster Shot Watch, and a Bullish Week for Wall Street Debuts

Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber cap a roller coaster week for the market with a look at the tug-of-war between economic data versus supply chain issues and what's at stake for stocks. Pfizer and Moderna pushing for COVID vaccine booster shots ahead of a key FDA advisory committee meeting. The anchors reacted to what former FDA Commissioner Dr. Scott Gottlieb told CNBC about the age factor when it comes to administering boosters. Lots of electric vehicle news: Lucid shares extended sharp gains from Thursday, after the Environmental Protection Agency gave one of the startup's luxury sedans a record mileage rating of 520 miles. Tesla CEO Elon Musk complimented Chinese automakers in pre-recorded remarks to a green-vehicle conference in China, while Ford says it is ramping up production of its all-electric F-150 Lightning pickup truck. The anchors also discussed President Biden making the case for hiking taxes on corporations and the wealthy to pay for a $3.5-trillion reconciliation package while facing opposition from Sen. Joe Manchin (D-WV) who thinks the price tag is too high. Carl, Jim and David reacted to Mark Cuban's tweet that cryptocurrency "regulation built around existing fraud laws is not a bad thing" -- and looked back at what SEC Chair Gary Gensler told them, about crypto during Wednesday's interview. Also in focus: This week's strong Wall Street debuts from the likes of drive-through coffee chain Dutch Bros. and Swiss sneaker company On Holding, a closer look at the size of SPAC redemption, proxy advisor Institutional Shareholder Services recommends a "no" vote on Zoom Video's deal to acquire Five9, and tech CEOs Tim Cook, Elon Musk and Jensen Huang are added to the 2021 "Time 100" list.