After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and basically unchanged. Then i go, this is back down then it was up 250 and i was like what the heck i said what the something. Then i looked and saw i started laughing why not. When do they start buying junk i want them to buy the hertz bonds which are 40 cents then can you sell the stock because you dont have any debt left it bogles the mind. If they are going to do this, they can do just about anything. Look out just get out of the way. Did that happen earlier i think it said 11 minutes ago when i saw it. It had been up a little and then went down maybe 40 points. Next time, it was up 250 when i looked and it said 11 minutes. It had been steadily climbing out of the negative place. Looking at the chart, it had been steadily climbing then when powell said that, it went woosh up. Then as the day went on and looking closely at these numbers. Was it testing it is the clearest look it is a complete game changer not if they start. They are well beyond starting. If they continue to do these kind of things we had never anticipated they might do. And if things are reopening and there is demand. The outside places in new jersey, you cant even get a table at the places. There are lines we are going to have dion from axe jios in a little bit. Hes going to tell us that these companies are ready to go in terms of competing with each other in the new scenario. They areleaner and meaner, theyve got ideas. It may not just be about surviving. These companies have ideas these companies are in a position to flourish im afraid to say it. You can see no one can hear what anyone is saying anymore because of the mumble. Thats the upside you are talking to someone and it is like, what did you say . You cant read lips anymore. Did you see in the uk, there is a woman making masks with clear plastic cut outs for people with hearing disabilities or who are deaf are still able to figure things out love that have you seen the clear plastic masks they are wearing in bars in, i think, norway. The big plastic ones you walk into a bar, everyone is wearing these things is that for clubbing . For clubbing. You can dance with their mask on i would have done a lot better, i think. Clubbing with. Higher success rate right i read the article about the nightclub capital of the world, very little going on i read that too berlin then it made sense to me. Theyve the tech music. Now is the time that we dance. I looked up that same article because the headline was so good i thought it would be new york but i said, you know, berlin makes sense we used to play techno music maybe he can sneak some in meantime, we were just talking about reports saying the Trump Administration drawing up that 1 trillion infrastructure plan focusing on projects and some funds would be required for 5g infrastructure. Praum scheduled to discuss rural broad bant access on thursday. Stock futures did pair some of their gains overnight after reports said north korea blue up a border town office used as a liaison with south korea south korea confirmed the report to nbc saying north korea demolished the office by bombing. It was to stop activists from putting leaflets across the border and due to the u. S. Led sanctions. North kor eu opens an antitrut probe into apple play and app stores looking to new fines and restrictions for apple in europe the Supreme Court said yes workers cannot be fired for being guy or transgender written by judge kneel gorsuch the ruling will impact millions that werent protected by former policies especially at small and midsize businesses. When we come back, a flood of pandemicrelated stories from more hospitalizations in texas and action on hydroxychloroquine thats next. A new list of companies shaking up established industries. Squawk box will be right back. Flexshares may look like other etfs. But inside. Theres advanced research, modeling and refinement. Constructing funds that dont simply follow an index. But explore new terrain. Helping you fill portfolio gaps. Connect to client goals. And strengthen confidence in you. Flexshares. Powered by over a century of investment expertise. Before investing consider the Funds Investment objectives, risks, charges and expenses. Go to flexshares. Com for a prospectus containing this information. Read it carefully. For a prospectus conbbut what if you couldgn. Do better than that . Like adapt. Discover. Deliver, in new ways, to new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back, but bounce forward. And now, with one of our best offers ever, were committed to helping you do just that. Get a powerful and reliable internet and voice solution for only 29. 95 a month for three months. Call or go online today. Lennar offering an up beat outlook saying business continued in may and continuing in june. Well talk more about it with the company ceo at 7 30 a. M. Eastern. Little travel news u. S. Airline passengers who refuse to wear facial coverings during flights could have flying privileges revoked carriers with the stricter policy include alaska, american, delta, ha yan, jetblue, southwest and united failure to comply could lead up to putting on the nofly list. Guys given some of the fights ive seen inside targets and walmart in some shops and arguments weve seen on airplanes when it comes to air rage and whatnot, i hope they dont take place but i worry i worry. Becky. I was trying to figure out who is missing from that list. It sounded like all the Major Airlines i think it is most. I think there are some smaller airlines, not necessarily the national carriers. But well see. What did we decide on the seat back. Remember we led the show with that like three Straight Days when the guy was moving had is seat back. We want to go back to that, dont we those were our biggest problems. Right but what are you going to do if someone starts using their mask as a chinstrap and you turn around and say put your mask back on and the person says, i dont want to put it on. Doesnt need to be spoken. In a small space right on top of each other. Back to getting little kids to wear it. It would be concerning to try and travel with a toddler right now and convince them to wear it for the entire time. You dont wear it at home, right . You dont just always have it on, do you you dont see my plastic mask on as im wearing it right now no we do not wear it at home. Tan lines i think some people maybe do wear them at home. The mask . I dont know. Some of the tweaks you get if you even comply. People were yelling at me for not wearing one here it is mack is mack wearing one hes not wearing one. Hes eight feet, 10 feet away. No one else is here. Im like bubble boy i cant bring up seinfeld anymore. Seinfeld has been canceled we digress but it is back on peacock canceled culture. Because of walking the fine line. They dont even walk it they jump over it and stay there. This is the new normal according to sources, Jp Morgan Chase is planning to bring more traders back to the headquarters in new york city on june 22. They plan to require masks in common areas and marking desks with colored stickers indicating where workers can sit. Ive heard from other big banks that plan to do this my guess is that theyll be bringing back small portions of people and gradually easing it back through one of the big my indications is anywhere in the city or any major urban area is how do you get people there if they are not taking Public Transportation and that will determine how quickly these places can open up city planning to open up and provide transportation, so uber and the like i dont know if you can do that to scale it depends on how profitable your company is to be able to afford Something Like this a lot of conversations do you feel comfortable with uber now a month ago, two months ago, you dont know how many rides the person has had who hes had contact with. As it is opening up and the infection rate goes down is it time are people using uber again . I wouldnt be thrilled, i dont think. If we all want to get back to work ultimately, if we all wore n95 masks and sat in the back of uber, i think and im not a doctor, for a lot of people, i think that would be not risk free but reduce the risk it is a mask story coming up when we return, so much more on squawk box. You have to hear this story. The wildest most bizarre thing happening with ebay. Right now, the dow looks like it would open up 522 points when we return, this alleged cyber stalking that cost six ebay employees their job its a breaking story. Well tell but it after the break. The defendants posted a classified ad of a couple inviting singles, couples and swingers to their house at 10 00 p. M. And encouraged to knock on the door any time day or night and right now, is a time for action. So, for a second time were giving members a credit on their auto insurance. Because its the right thing to do. Were also giving Payment Relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. Right now is the time to take care of what matters most. Like weve done together, so many times before. Discover all the ways were helping members at usaa. Com coronavirus a lot goes through your mind. With fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. Thats the clarity you get with fidelity wealth management. With spray mopping to lock away debris and absorb wet messes, all in one disposable pad. Just vacuum, spray mop, and toss. The shark vacmop, a complete clean all in one pad. Welcome back time now for the executive edge and an unusual story six former ebay Security Officers have been charged with the fbi for cyber stocking using a strategy to intimidate a couple who run an online news letter that had been critical of ebay they send a halloween mask of a dead pigs head and a book on surviving the loss of a spouse and a hustler magazine with the name of the couple on it and even sent a box of live cockroaches. Then offered to help the victims and a move called the white knight strategy they were notified and fired the employees. They found no evidence the then ceodevin wenig knew about it and a number of discussions around his departure last year. It is a wild one, guys a wild, wild story did you read the rest of it they posted this couples phone number and said they were swingers and they would be up for trading spouses at any point. They called the pizza place and had them to deliver pizza at 4 30 a. M. To be paid on delivery it was insane. I cannot believe an Actual Company had that many people involved in it my jaw dropped they also sent live spiders to their house. I was trying to figure out live cockroaches or dead, which is worse the live i saw one. They move fast and come right at you and they are big at the beginning of the show, it said a bloody pig mask it was a mask. They tried to send a pig fetus. They stopped it and said, we looked into this and we stopped this and we are helping them with this. They were trying to get them to say nice things about ebay but the things they came up with what pizza place is open how is that going to get you to say anything nice about anything can you get a pizza at4 30 . Delivered probably in new york city time square, you are probably in good shape there. I cant even get coffee, becky. You know that. Starbucksisnt open 7 00, right 7 00 cant come fast enough coming up, where is gottlieb he needs some coffee come on, doctor. Glad you didnt have an operation scheduled. Global coronavirus cases now topping 8 million. Well get an update on a flood of news from dr. Scott gottlieb. U. S. Equities right now up 530 points weve passed the five handle after that big swing yesterday we have the s p headed back up to like 3,100 after it was headed to 3,800. As we head to break, a look at yesterdays s p 500 winners and losers as business moves forward, were all changing the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will you can rely on the people and the network of at t. To help keep your business connected. Makes it beautiful. State of the Art Technology makes it brilliant. The lexus nx experience the crossover in its most visionary form. Experience amazing at your lexus dealer. Good morning u. S. Equity futures have improved we are up 540 points now on the dow. S p indicated up 50. Nasdaq indicated up 157 points an update now on the pandemic. Global cases have now topped 8 million with 437,000 deaths. In the u. S. , the case count is 2. 1 million with 116,000 deaths. Texas Health Authorities reported another record day of covid hospitalizations texas was one of the first states to relax the stayathome order way back on may 30 other news in the coronavirus world right now, china reporting 40new cases in beijing connected to a wholesale food market claiming it might have originated from salmon imports or packaging World Health Organization saying that is not the common hypothesis saying the handling of meat could interrupt and taking sentiment from consumers. Well watch that. It is a conversation we had yesterday with eunice. Also, andrew, fda making ne ne news hydroxychloroquine revoking the emergency use status warning taking it all together especially with remdesivir saying hydroxychloroquine could weaken the effectiveness of remdesivir joining us now dr. Scott gottlieb, cnbc contributor, he serves on the board of illumina and pfizer lets talk about the fda action against hydroxychloroquine they pulled the emergency use authorization which granted the use of the drug in hospital setting and collecting the information at the same time that drug was being used in those circumstances. Mind you, this is a drug not available on the market but by pulling the emergency use authorization, it was acknowledged it no longer meets the statutory burden there has been a number of studies now that have come out and havent shown a benefit. A number of random studies under way. The fda might have gotten a look at the data and turned their hands. As well as the decision that it could interfere. It does work against coronavirus. The fact that it could interfere with the drug that has been otherwise effective, that could have tipped the agencys hand. How dangerous could it be or is this something we dont think is effective and the down side is that it could make Something Like remdesivir less ffective . Thats basically the complex. The drug does have no side effects. In the setting where it is not delivering any benefit but only harm, it makes sense to have it available and limit its use. Especially in some patients with side effects where it could cause irregular allstheartbeats against the back drop where they dont have evidence, thats enough to pull this. It no longer meets the legal burden of benefit in this setting. Does that mean all the studies have been taking place will now end all of the studies people have been waiting for, if the drug has been causing a lot of harm and wasnt causing any benefit, they probably would have stopped those studies early. That doesnt mean those will start out positively those studies, i think wiare almost done and i think they could have got an early look at the data that tipped their hand. Lets go to the story eunice yoon talking about the chinese reaction which was to say, hey, this is a european strain, which i dont understand can you identify something and say it has been imported back to china from europe . Second of all, they were saying it may be because of imported salmon either on the salmon or the packaging. Does any of that make sense . It is possible based on the sequencing, they can tell where this came from looking at the sequencing it wouldnt surprise me that it came back to them. Thats going to happen the idea that it hitched a ride on a fish is highly implausible, it is absurd if you remember back in wuhan, they also traced that back to a fish market, specifically back to the fish section of that market it probably calls into question the fish handling practices more than it does the possibility that the virus is being carried in and out of the country on fish you may have an infected vendor spreading it i cant see any plausible scenario where this virus road in on salmon yeah, that seems crazy. There is already a blow back of chinese consumers who say they dont want to eat any of this stuff. You are somebody who follows the market closely what could this mean when you see a government start pointing fingers like that. We dealt with some of these issues when i was at fda when you were concerned about meet product or products of produce coming from other parts of the country on poweultry and fish i dont know why after finding it on the cutting boards in the market and the problem of how these products are being handled. There is no way to say it came in on a fish it wouldnt infect a fish and couldnt live on the surface it is hard to believe it came in on u. S. Salmon european salmon is what they have said. The cases in texas there, how concerning is this it is concerning. Also arizona, alabama, floor dau. The overall trend is favorable hospitalizations have been plot. We still have a lot of infection all over the place the overall trend isnt up a lot of states continue to go down there are states with bone tied outbreaks. I think texas is going to rethink some of the openings now. They are reopening restaurants up to 75 and 100 . They might hold off on that. Now it is 100 degrees there, so it is hard to eat outside. Theyll try to think back to the sources. They still havent found what the source of the spread is in cities like houston and austin thank you for your time this morning. When we come back, futures are indicated higher this morning. Sharply higher the dow