Stocks Look To Bounce Back From A Rough Week, Supply Chain Worries, Taxes and the $3.5T Plan, KC Southern Declares a "Superior" Bid, Epic Games vs. Apple, Disney's Film Release Strategy and Goldman's Tech "Buy" and "Sell" Calls.

Squawk on the Street

With the Dow and S&P 500 each looking to snap a five-session losing streak, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at what's next for the markets. Supply chain and inflation issues in the spotlight after 3M said " the rising price of raw materials, labor and logistic" would hurt the company's bottom line. The anchors also reacted to Nike being downgraded by BTIG because of supply concerns. The potential for tax hikes on Wall Street's radar as Capitol Hill Democrats work on a reconciliation package. The anchors discussed a note from Goldman Sachs strategist David Kostin in which he says "Tax reform ... is the key risk to US equities through year-end 2021." They also reacted to comments by Senator Joe Manchin (D-WV) to NBC's "Meet The Press" reiterating his objection to a $3.5-trillion price tag. On the railroad M&A front, Kansas City Southern declaring Canadian Pacific's $31-billion takeover offer to be "superior" to a rival bid from Canadian National. Also in focus: "Fortnite" maker Epic Games appeals the Friday court ruling that said Apple was not running an illegal monopoly with its app store, Disney says its remaining movie slate for 2021 will be released exclusively in theaters, why energy stocks are driving the S&P 500 higher, and Goldman Sachs initiates coverage of several internet-related names -- Amazon, Facebook and Alphabet among those rated a "buy," while Airbnb and Twitter were slapped with "sell" ratings. David explains what's behind the surge in uranium prices.