This astrazeneca oxford. I do say at this point, carl, you get the pfizer news about germ germany. What you have to watch is the crawl underneath there will be endless buying and things like vaccine inc. And im seeing buying of glaxo i think people want to calm down i have sorrento tonight. Not all news are good. 100 companies doing vaccines and lets take a breath because other things including a stimulus which is needed if the vaccines fail. The analysts are not discouraging traders or investors from trying to play the vaccine race jpm cuts moderna run and no one is preaching a message of slow and steady wins the race here. Nova just continually up. People who love these. Mark cuban had some great comments, carl people who come to this market, initially were in the early phase of this, but people who cannot resist. When i get up at 4 00, 3 30, theyre in there buying these stocks i dont know who these people are, but theyre having the time of their life and i just hope they take something off the table. Boy do they hate that talk, carl they go to the casino and constantly rolling the dice, constantly because not all these companies are going to make it theyre not all going to hit right and then were still awaiting this news that we think were going to get on oxford it was supposed to be sunday night and then this morning. Theyre not in tune with what we, in the stock market where were expecting something before the opening. Look, thats where i first got turned on to how bad things can be very editorially and the moderna down grade is the most important thing because the possibility that not everything is going to come through moderna has never taken anything to the market. They still is a lot and get a lot of stock the fact that they augmented their selling product is something that i would look at which i thought was ill advised because you dont do that if youre about to hit a home run as we await more progress in vaccine data trial whether the policies we have in place are enough in the interim. A big oped in the journal talking about six months in. Not enough masks and not enough personal Protection Equipment and not enough testing capability you have the Surgeon General on fox this morning, jim. The whole administration is now supportive of masks which depending on how you read that quote might run afoul of what the president told Chris Wallace over the weekend heres what he said. I dont agree with the statement that if everybody wear a mask, everything disappears. Hey, dr. Fauci said dont wear a mask ouuy said dont wear a mask everybody was saying dont wear a mask and all of a sudden everybody has to wear a mask and masks cause problems, too. With that being said i am a believer in masks i think masks are good jim, made a point last week certainly large retailers in this country are saying, forget it were not waiting for National Policy any more. I think they all feel pretty committed to the idea that somewhat like mark said when we unveiled the mask challenge through xprize. Org which is, look, if everyone wore a mask and practiced social distancing this could be suppressed in tloo three weeks. Are the nba and nfl using all our tests. You have to test during halftime what can we discover i do think that every time we feel like we caught up in masks or when we feel like weve caught up in testing, we find out that theres a new hot spot and we havent done it it is interesting to hear that interview with fox that the president is very against masks and hes very in favor of masks. Thats a tremendous thing to be able to do within a span of 90 seconds. Ive never seen anything like it yeah. As far as the data over the weekend, jim, i mean, enough kernels in there to argue that at least in some states. Lets take arizona maybe were going to see a plateau in cases but others if you listen to some of the commentary out of miami at least and some areas of texas. There is concern that this could still spiral out of control. Im looking at the death rate the president is right, you have to consider the fact that the fatality rate is much, much lower than it was in new york. I think we keep learning about the disease. It was a novel disease i think the president took dr. Fauci to task and he is an amazing man because he keeps on ticking and i dont know why he stays because he made a mistake at the beginning of this saying that we dont need masks we dont know if that was motivated politically or because he wanted to be sure that all the Health Care Workers had masks or they got it completely wrong. Ever since then, hes tried to catch up, as the doctors have caught up. I dont think its necessarily fair or single out a guy that was wrong given the fact that all the great medical practitioners that we talked to in new york are completely wrong. They didnt know you were supposed to turn people over and remdesivir and they didnt have plasma and a lot of blood oxygen ideas and they didnt have steroids lets just forget about what happened and start thinking about the future the future is brighter than the past when it comes to deaths and darker when it comes to testing and Contact Tracing out of the picture in our country the New York Times and wa Washington Post this weekend and today said it is a total disaster and im trying to figure out what kind of disaster that our country had that is ever as bad as this that is selfinflicted vietnam has no tests and japan has very few deaths and taiwan almost no deaths those are big, big countries and theyre fairing so much better and its not just masks, they do Contact Trace and theyre also discipline and were unruly this may go down as us being, id say, a lesser developed country versus those countries yeah, well certainly more focused on personal freedom. Live free and die its a terrific way. I think that there are people who fight overwhelmingly for the right to be able to live unobstructed for masks there is a new honeywell mask that is quite stylish and has a filter inside. Do i like wearing a mask around . No because you see, i keep asking my wife why shes mad at me when i cant see her mouth. I like to live not as interested in dying id rather compromise my free speech and my freedom in order to live, but you know what, maybe im an anomaly if i lived in the south of course, the other way to think about masks its not about protecting yourself but an instrument of kindness towards others which gets into a whole other debate, jim. Just the opposite the contest which is for 15 to 24 year olds is develop a mask that is good for you and good for me thats when people will wear it. Thats the mistake the current mask makers. Theyre doing this joke and study of certain birds has ever been able to demonstrate reciprocal the turns. Mark meadows says today talks begin at the white house with mnuchin and mcconnell. All kind of questions here will the white house insist on a payroll tax and cut back funding for testing at cdc what is on your mind when it comes to evaluating the progress this week . I think larry kudlow and when i worked with larry at cnbc he loved the payroll cut tax and he felt that was the way to get things going there was a cap so those who make a ton of money will not benefit beyond a certain level but i do think that it is a small price to pay to get a deal through and what we have, you say, carl, youre right. The 600 goes away and 70 of the people will be making less than what they were making right now 600 70 of the people are making more than they used to 15 million workers involved in restaurants. The restaurants, if you have inside it looks like thats going away bars going away. That industry, going away. Which is why the stayathome food stocks continue to go higher to see a whole profession obliterated with the exception of fast food, its rather extraordinary. Not talked about enough because many of the companies are not public thats true i mean, just the emphasis last week alone, jim. Chipot lerx hiring 10,000 employees and comps out of dominos and reports that mcdonalds comps might be positive this quarter. Certainly dining as we know it has changed and we hope not for too long look, i had dominos last night and it is Pretty Amazing tomato pie, no cheese and really good than banana peppers dont get the wings. Youve paid him already and the next thing you know youre eating your pizza and i have to tell you the companies that theyre putting out of business with that are extraordinary. Most of the pizzarias have tables and also delivery and delivery is third party and takes a huge percentage. Here dominos owns the delivery force and its safe. Tremendous number of pizza parlors will be wiped out. Will secretary mnuchin think about that yes. Will the president do it i dont know how much take out the president has really ever done i think not clear. When chipotle reports will be a fabulous money because they make as much money in takeout as they do in store and theyre also pushing for some rent relief not that they need relief because theyre doing well starbucks which was upgraded today and chipotle able to get from the investment trust. Simon property a stock that trades at 4 00 a. M. And the cruise ships and spg trade because they are the ones that people think could double if you get a real vaccine right chipotle wednesday night and starbucks overweight 92 target if the vaccine target this week is decent and stimulus talks are not a complete disaster and earnings roll in strong, can we make a decisive move above 32, 35 absolutely. I dont think it will be a problem. We did come up last week in a strange way and about how abbott labs is only up a little and Johns Johnson johnson up a little and bank stocks were down with the exception of wells fargo and black rockwhich has had such a big move. So, its difficult netflix wasnt that good this is a better week for earn ea ings ibm may be tough and doesnt have to blow numbers away and later in the week, we have Fabulous Companies and do some good numbers including microsoft. Tesla can do whatever number it wants and the bulls will like it honeywell will be exceptional and at t get over 30 and cocaco cocacola is down too much and microsoft surprised and hershey ups that surprise and slumber shade down that was great the way you worked your way across that table, jim people are pointing to texan as an important one, as well. The reason why its so important because they have apple. Now, last week taiwan reported a great report and they have apple and always worried about midday bombs from the president just saying something negative about china. Look, he likes to attack fauci that happens a couple time s a day and china, once or twice a day and tends to want to attack some democrats and then praise georgia a real outliar and thats what he does as president right now. Not bad. Not bad. Should we be thrown if, in fact, the Airlines Talk more about demands stalling out the degree to which they can get people to take early retirement. Reuters has a piece of delta they could avoid layoff physical enough agreed to early exits its incredibly southwest had very big buyouts today i think, look, i listen to what phil lebeau says i hang on his every word and his every word it is just a slower comeback again these are vaccine stocks you are looking at a list of five vaccine stocks and putting together the actual vaccine stocks the ones that people feel will double if we get a vaccine. That is not wrong. I mean, the problem is getting a credible vaccine which will probably take three shots including one being a booster is not something that is going to happen overnight unless its j j that has the ability to put out two billion vaccines within a very short period of time, which is kind of what we need what happened in polio in this country. They beat it by putting out as many vaccines as possible. Thats certainly the playbook wed like to see and still watching the tape for any news later this morning well talk to mike wirth about the Company Buying noble energy. Biggest in the energy patch since the pandemic began. Along with disney, facebook a bunch of calls and price increase targets at twitter, google, amazon ba ia meckn mont rld in a highly capable lexus suv. At the golden opportunity sales event. Get zero percent financing on all 2020 lexus models. Experience amazing at your lexus dealer. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. Save without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, you only have to pay for the data you need, starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Its time for cramers mad dash. They have all been terrific American Tower and gone to lo Lockheed Martin and the most exciting nonvaccine stock in this morning may be crown castle 3 yield and growing year over year and eliot partners convinced them to get rid of their portion. I never want to say you cant lose doing something, but, holy cow. This is a great stock with a very good match with jay brown and pressure from elliot where this stock which is at 168 and would go to 200 if they agreed with elliot tomorrow i like this stock. If they dont agree with elliot. Tack on 30 points right now. They do have a july 30th conference call. Its a real win. You got to be in this. I know its not interesting to a royal caribbean, but its really good i would say if we make a list of areas, what would it be i just think that whats going on in 5g and whats going on in towers and whats going on with tmobile its just so exciting and the spend is so big and it has to be because we want to regain, of course, the crown of 5g and we can do it because we have a lot of companies. Thats why invidia doing data center and well hear something about 5g tomorrow with texas instruments. Its a great secular growth trend that is being overlooked because of covid and i really think that people should be rethinking their whole approach from covid and not just rolling the dice and buying astrazeneca or nova vax and be diversified into something other than airlines, cruise ships. That has been your mantra, jim. Be more creative is what you have been telling people to do. I love norwegian cruise and i was going to take a february 22 cruise with my wife, but, you know what. This is in the hands of the cdc and the president wants cruise and the president wants everything the president wants you to be able to eat with a mask on and hold it with the mouth, i guess. I dont know i do know that there are other stocks besides things having to do with vaccines and covid and why not own a couple theyre really good. Certainly noble and chevron are two. Well talk to mike wirth later on to acquire noble for 5 billion in stock well take a quick break here as we kick off, as we said, a week with all kinds of cross currents dont go anywhere. By my health insurance. And this is the aflac duck who helped me cover it. Aflac. These are all the cab rides to my physical therapy. And aflac paid me directly to help. Aflac. What he said. And this unexpected bill is from. The twothousanddollar specialist. Thanks. Aflac. When youre sick or injured, aflac is there. We can help with Expenses Health insurance doesnt cover. Get to know us at aflac. Com futures mixed this morning china was up 3 as they lift the equity cap on what Insurance Companies can hold and buy a lot of things to watch this week earnings, vaccine news and stimulus talks just three of them lget wel the opening bell with about eight minutes. This selenite grey is so pretty isnt it . Wow. Jim could you pop the hood for us . There she is. Turbocharged, right . Yes it is. Jim, could you uh kick the tires . Oh yes. Can you change the color inside the car . Oh sure. How about blue . Thats more cyan but. Jump in the back seat, jim. Act like my kids. How much longer . Exactly how they sound. Its got massaging seats too, right . Oh yeahhhhh. Oh yeahhhhh. Visit the mercedesbenz summer event or shop online at participating dealers. Get 0 apr financing up to 36 months on select new and certified preowned models. Mark zuckerberg says he is denying that he has a secret understanding so to speak when it comes to trumps Facebook Page i heard the speculation, too let me be clear. No deal of any kind actually the whole idea of a deal is pretty ridiculous. I do speak with the president from time to time just like i spoke with our last president and political leaders around the world. Jimmy also points out we paid 5 billion in fines were under antitrust investigation from multiple agencies and we might lose section 230. Yeah, i know. Mark zuckerberg would tell you this theyve made maybe hundreds of changes to try to appease people and no matter what they do, theyve not ben able to do it. Theyve not been able to satisfy anyone including disney which was a giant advertiser one thing zuckerberg refused to do and would change peoples minds is refute the president. I dont want anything to do with him. The stock woul advertisers. The other Companies Getting ads. Not twitter, too complicated right now but snap that reports this week. Theyre getting ads because theyre not political and google not political although they were attacked by attorney general barr and a totally illadvised speech he is in a curious box and tried to make concession after concession after concession and his appeasing strategy has to stop and he has to just directly say, you know what, i met with the president and im done with him. I just think that we ought to just stay away from politics i want your advertising, i want to help minority businesses. I am going to stake minority businesses with 500 million, he has not done this, who do instagram shops and im going to listen to what shopify does. He doesnt do all these things is he going to do them i think he does it all in good time 500 million to help minority businesses would be the right thing to do and he hasnt done it and i think thats far more important. Why isnt he committing the money to minority businesses why isnt he i have no idea interesting reflecting sort of what steve case told andrew this morning. He will make changes as you said in good time i was struck in the axios interview. He went on to cite many disagreements with trump including Climate Change and his divisive rhetoric.