The nasdaq by 173. There are reports of a new vaccine in the works word of anything setting back the virus is great news. Over the long weekend, people were out summer is around the corner. People are starting to feel that and that is showing up in the market again some big gains the last week of may treasury gains pushing up. 10year up 0. 7 . Right now sitting at 0. 695 . The big news is whats coming from that Biotech Company weve been talking more about. Absolutely. Hope everybody had a great weekend. U. S. Biotech company novavax said it started the first human study. The initial results they are saying in july the marylandbased firm saying upon completion of phase one, phase two will be conducted in several countries include ug the United States. That stock up more than 20 premarket but really giving rise to markets across the board as well as to what becky was saying all of the folk fols out and ab this weekend giving some optimism at least for a period well see. Maybe there is so
Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r
Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing catch up game today it sounds like science is on target. List
80s and 70s have done. A mind is a terrible thing to waste, united nig row college fund. This campaign is 40 years old, more than 40 years old and received a billion dollars in support over those years in free donated advertising and when this adcame out it wasnt common for affricern americans to go to college. This was a game changer in the way it got people to think about African Americans going to college at the time and since that point, it put 350 thousand African American kids through college. Another campaign we have probably all seen, this is your brain, this is your brain on drugs from partnership for a drug free america is a iconic campaign occurring in the 807s. It unique because it was put together through a coalition of advertising profeshs and took a very madison achb new approach to use research to figure out a way to target audiences and actually chaiv behavior by changing attitudes. These 2 campaigns, not saying we can necessarily get b but this is our aim. This is the
Francisco School Program we are funding with prop b money. They are pudustren safety improvements near schools do you know which projects . Yawould have to get a list and circulate it. Prop a qu b are very important and Going Forward will be the Funding Sources, but are not the only Funding Sources. What and on the slide is the whole compilation of funding pots we are draying from. The large number of Funding Sources on the page reflects the hard work mta and agency staff have done on the fiscal side to any dollar oo accelerate the 24 and 24 or education enforcement parts in the calendar year 2014 and 15. You have Grant Programs administered from federal and State Government and prop a sales tax, revenue bonds, supervisor add backs that are helpful in getting us some of the hard to fund projects. All these Funding Sources are in play and as i know through what is funded in 2015 and 16 ill point out which Funding Sources apply. What are we committed to doing in 2015 and 16 . Starting wi