downgraded at bmo and the target price is 70 from 60 and a stock that has run too far, each with optimism around its streaming content potentl, and just a reminder, viacom-the best performing stock so far this year, it has gained 155%, guys so far, just in 2021 back to you. >> okay,dom, thank you joe and becky, see you tomorrow. and the final happy birthday to scotty "squawk on the street" begins right now. good monday morning. welcome to "squawk on the street." i'm carl quintanilla with david faber and jim cramer who is back. we're happy to say coming off a week of five straight record high closes for the dow. futures are steady as the president begins selling the stimulus package across the country. the focus pivots to infrastructure a big week with the fed meeting and retail sales in focus.

throad map begins with the rally rolling on airline stks are higher pre-market on some guidance on delta and southwest. >> treasury secretary yellen's inflation warning saying there is a small risk, but says it would be temporary, and and techno king, and master of coin, the story behind the new titles for executives. sorry, carl. at tesla we got to come up our own, i guess, here, i don't know what i can be with "squawk on the street." >> yeah. >> this is a new era in the 8-k. david, we'll get to that first off, jim, a lot to get to but we're so glad you're back. i know you were watching and congratulations this week, on the anniversary week for "mad money". >> thank you 16 years a tremendous team. regina gillgin, and in that fabulous women's history month, the promo that we're doing, which is must watch, i know it's just a commercial, but it's far more than that, with the amazing people on our team, and i come

back feeling renewed and refreshed but a little confused because i do think that there's so much money coming at this market, carl, that the question is, does it go to bitcoin, does it go to crypto, does it go to nft, remember, nonfungible or the t-mobiles of the world? does it go to everything carl, it is an exciting time but boy is there a lot of money coming at this point >> yes, i was looking at a piece that the times did over the weekend, jim about, all of those things that you just mentioned, nfts, trading cards and sneakers, and all fed buys, excess liquidity, social media tools and i guess is it illustrative of the time we're in >> yes, i think so look, i think that the people who have the most ability to be able to determine a market are people who say, you know what, today, i'm going to take some of my money, i'm going to go into the square cash app, and i'm going to buy a small percentage of bitcoin

why? because it goes up and when things go up, they attract a lot of fellow travelers and david, we know that for instance there was a piece about shorting in spacs, i don't believe them for a second. there are too many spacs coming for me to think that the short sellers can even dent the amount of money going this way. >> the spacs will continue to pile up, issue, and then the question then becomes when, you know, do you short the business plan, do you short them on the prospects? given we talk so often about the fact that they can make projections in a way that are not typical of ipos, because it's a merger deal the spac is the one that goes public and then they do the deal and the candidate that they merge with can make projections, and the question becomes, are a lot of these going to be more speculative than not we'll see. some are going to be great success, right there will be a flying car that works, that's great, that everybody love, that will be an incredible battery technology company. or any number of them, sort of

up and down, in terms of where they are vertically on the integration of that batteries, but jim, there are also going to be some fails no doubt. >> i think that the one issue will be, if everybody hears david, that there is a big short position, in something that you and i may think is not credible, then does that short position become like a magnet for people who sense the problems that short sellers have, when you gang up on them? >> right a la gamestop which you saw last week i don't know the answer. it is certainly that people are focused on when they are shorting individual names. dom was talking about viacom best performer in the s&p. that's not short covering as much as price momentum and the algos trigger price momentum and that's where it is going but gamestop, $276 and i have to ask, why haven't they sold stock and some disclosure issues and

some other things that i am aware of that have not been made clear to me, i should say, but there are some reasons perhaps that they have not followed your advice that you've been giving months now to sell stock. >> look, i just felt like if you reinvent the company, the excess liquidity that you need is rather substantial >> by the way, we could say the same thing for viacom. why not sell, and there they don't have the -- why not sell $5 billion of stock, less than 10% of the market cap right now. pay for the nfl. it's enormous the opportunity that that would create for you and just delevering. if you're discovery, too. >> looks today, carl, adam aaron, amc, opening theaters in los angeles? why? why is that stock at 12? because he had the foresight to say you know what, if people are going to bid up my stock, i'm going to take the money and i'm going to take the money and be sure we get through this difficult period i think that was wise. but then again, i'm sure look at carnival, negative news this weekend, about maybe shipping

not until 2023, so that sends up the stock only a few pennies anything that is down and out. and they don't want to touch the highest multiple stocks because they somehow feel that those are dangerous with the exception of palantir which has somehow escaped all of the scrutiny and boy, it's very hard to figure out what they do. defense. and defense -- >> that's the focus, that's the focus of mike wilson's note this morning out of morgan stanley, is his line is the cat's out of the bag, investors are no longer wondering if rates are going to go up but by how much. p/es will come in and the stimulus effect may delay some of that drag but in the long term their year end target is 3900 on the other hand, david costen our friend at goldman, says the equity market could digest deals as high as 2% the 10-year

without much difficulty. >> i'm still with him. he's been making a lot of money. i think where people will make money is very different. i was doing some valtion analysis look acaterpillar. caterpillar is going to, it sells at 21 times earnings, next year, sells at 17 times earnings w david, we're going to take one of the most hated stocks even by ann windblat, very informative pers in the previous show, facebook, 19, 16 times next year's earnings i can't find, i mean other than general motors, can i find 16. >> 33% top line growth last quarter. >> it's interesting. but those are, that name is not performing well this year. apple so far not particularly well amazon so far to your point not well that can change very quickly jim, mine we're talking about four, what, $400 billion coming to your bank account soon. 400 billion. we, i'll tell you -- how much of it ends up back to that

question in the stock market in some fashion. >> i think that people who want to so-called play it, to look no further than square, and during this, and amarita husha, a remarkable job, and e cfo, and jack dorsey has done an incredible thing, what do they, have they have a think called sh app and where a lot of money will end uand what happens with that cash app, david, ty buy eces of bitcoin because theyell you, square is known as the bitcoin plus >> right, so the guy over at tesla who is the master of coin, we got to get m to tell us what to think about that, too, then, don't we that's not musk by the way musk is the techno king. >> no, it's zach kirkhorn. there he is. >> it is about time we had a new name in this thing >> i got to tell you, carl, the show manship here, it is unbridled. >> they actually put a filing out to let everybody know this >> i know.

does that make a mockery, a sham of what filings e? or is that what spacs do, carl i mean i've seen some spacs this we that are telling me they will make billion, you know, in like three months. look, okay, three years. but i do find, carl, that if you are the -- the dichotomy between a spac where you can basically say anything, and by a traditional ipo, it is so great, that anyone who is looking at these things has to be drawn to the spac and away from the ipo just have to be. because we find out wh, no one is going to sit there and saying such and such company is lying i mean look, we do have this lordstown situation, right now, and where lordstown puts out, let's say a rebuttal to what we had last week, and i don't know, i mean the rebuttal seems like a half-hearted rebuttal to some degree but people want lordstown, why because the ory, an abandoned gm factory that's going to make vehicles that people are going to love, so why are we

why are we questioning fisker with the ocean, which is such a beautiful car? what is the point of lucid we all want lucids i don't know, carl, i find that after a while, we all love everything, we all want to buy everything i don't know maybe we don't want to buy everything >> well, certainly, people are arguing this morning, jim, there is reason to buy some airlines we got fresh guidance out of southwest. they said that february revenue and demand pretty much in line with the march and april, maybe doing better than prior expectations, and delta also presenting at the jpmorgan industrials conversation and tsa traffic, jim, we've done four straight days of a million plus, friday was 1.35 llion, and that's up 8%, year on year we're now comping up high single in this country.ssenger traffic >> look, carl, i mean i think there is no doubt about it that something happened in the last three week, whether it is the number of people vaccinated, whether its a belief that some

of these states are opening up or whether genuine optimism. people pent up, want to go places but get used to hearing we are an extremely full, extremely full capacity, and if you want to check your bag, you better do it, there's no room in the overhead, and it's happening, and it's happening, so david, it's happening tthe point where you would think that, yes, it is no pandemic anymore. >> but there still is, right >> there is lots of people getting it 50,000 more. andr. fauci trying to say we're near the finish line dot spike the ball when you're on the five. there's a lot of people spiking it at the 20 >> yeah. >> david, people, mask you know, lone ranger, remember that quell. >> well, i don't know i walk around new york, and weari a mask outside still, and it's not clear that you do to, but

everody does. >> and other parts of the country are not doing that. >> we're getting close and the real question becomes, jim, back to the 400 billion or more, how much of that is used to actually go out and do things, as oosed to, as we saw, as we've seen previously, perhaps take some of that money, d save it, or invest it. >> i think two things, i think carl, the restaurants will come back and i think people will shop again, think there is a quicker return to normalcy and then a boom. as we find out that people just want to go places. like never before. with good balance sheets except for of course the people who have no jobs >> there is that we are still doing more jobless claims per week on initial claims than we have ever peaked out of the great financial crisis. >> plenty of individual names to get to this morning, including calls on alta, lulu, boeing, a fresh sell on viacom and