"Fedspeak" Pressures Stocks, Sec. Yellen and Big Oil Executives Head to the Hill, Plus JetBlue and Frontier's "Spirit-ed" Bidding War 4/6/22

Jim Cramer and David Faber focused on stocks extending Tuesday's losses in reaction to comments from Federal Reserve Governor Lael Brainard and Philadelphia Fed President Patrick Harker about balance sheet reduction and rate hikes. The anchors explored how investors should navigate the recent pullback in the tech sector. JetBlue makes an unsolicited $3.6 billion all-cash offer to acquire Spirit Airlines, which had already agreed to merge with Frontier in a $2.9 billion cash-and-stock deal. How will regulators react? Also in focus: Treasury Secretary Yellen's testimony before a House committee, big oil executives face a House panel at a hearing on skyrocketing gasoline prices, and Elon Musk adjusts the description of his Twitter stake -- removing the word "passive." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.