Soaring today. Meg tirrell with details. The bar was very high for moderna after pfizers efficacy last week. Mad earn moderna met the 94 percent efficacy and will seek the fda emergency authorization in the coming weeks. We just talked to the doctor who has been leading the vaccine and Drug Development as part of operation warp speed about the significance of this moment, really seeing two vaccines in a row at this high level of efficacy heres what he said. Its an extraordinary outcome, frankly, to have two different vaccines tested in different conditions by two Different Companies developed independently yield very similar outcomes this gives a huge confidence into the data obtained and really suggests that the 90 percent and more efficacy is true and real. But of course, melissa, as were getting this extremely good news it comes at a time in the pandemic when weve never been seeing more daily cases, were seeing 140,000 a day on average right now. And were seeing more and more people
Recently as the country reopens, arizona has been easing lockdown restrictions over the weekend on salons and on restaurants. The mayor of scottsdale will join us. Kelly, back to you as you mentioned, tech stocks are out performing today once again as the market climbs back toward record highs but a number of other sectors have been left in the dust. Bob is here with more. Bob. Lot of disparities out there. Its not everybody up. I want sthto show you the s p 5. Were trying to breakthrough multimonth highs. The s p 500 moved up off of that if you want to keep an yien that because were knocking on the door there of breaking out here. I mentioned the laggards efb says the s p is only 12 off the highs. Bank stocks have had a very ugly time 40 off of their recent 52week highs. We have seen energy stocks, 30 off of their 52week high. Theres been a lot of sector laggards out there industrials 25 . Reits, 24 cyclicals all lagging here out performers, mostly lets call them defensive names. Cons
Alltime high. Another Federal Reserve official says he sees growth returning in the second half of 2020 and no need for negative Interest Rates. With lots to come on todays show, well speak with mylans ceo. Well discuss the companys outlook for the rest of the year and whether its seeing a trend of customers stockpiling medicines. And the ceo of Ortho Clinical Diagnostics will join us at the moment we are up 0. 4 on the s p 500. Before we continue, just got to comment, new braackdrop, i love it did you do this by yourself . No, i had some help by the amazing technical staff at cnbc. I think people were sick of looking at my old School Parking meter. Its a great balance between home and work. Cnbc, always with me. Exactly the s p 500 is up about 0. 4 nasdaq up 1. 25, dow is flat. Lets get to the markets as stocks are climbing back from sizable losses at the open all four indices just turned green. Mike santoli joins us with more on todays action. Hi, mike in fact, kind of an extreme exa