Carl Quintanilla, Jim Cramer and David Faber took a closer look at the markets ahead of Fed Chair Jerome Powell's second day of testimony to Capitol Hill lawmakers -- this time before the Senate Banking Committee. The anchors explored the impact of the COVID-19 Delta Variant on stocks as vaccinations slow down. They also discussed better-than-expected earnings from Morgan Stanley, the last major bank to report earnings this week. ARK Invest's Cathie Wood also in the spotlight: Carl, David and Jim reacted to what she told CNBC about her growth strategy and that she thinks we are in a "risk-off period." On the IPO front: "F45 Training" -- a fitness chain backed by actor Mark Wahlberg -- at the NYSE for its Wall Street debut. Wahlberg and F45 Founder and CEO Adam Gilchrist explained to the anchors why the company's going public now. Wahlberg also weighed in on the streaming landscape as movie theaters try to rebound from the pandemic. Also in focus: The chips trade including Taiwan Semiconductor, General Motors telling some owners of previously recalled Bolt EVs to park outside after Bolts that had been repaired caught fire, "Meme Stock Madness" as AMC Entertainment tries to reverse its recent stock slump, and Blackstone enters a deal to manage AIG's insurance and housing assets.