Companies keep pulling ads from the social network. Starbucks and pepsico among the players. Charlie has a big scoop on the facebook story. As the coronavirus death toll surpasses another tragic milestone, and cases spike in some regions, the search for the cure presses on. Jacob glanville is star of pandemic and is here to tell us how his treatment is curing cancer and if human trials are around the corner. Plus a new front in the electric vehicle cars. Nikola motors taking orders for its Tesla Cybertruck competitor, the badger. The executive chairman is here to tell us how orders on day one are faring. Less than an hour to the closing bell. Im Cheryl Casone in for liz claman today. Lets start the claman countdown. Cheryl we begin with some breaking news this hour. Amc theaters is going to begin reopening its u. S. Theaters on july 30th in line with Disneys Mulan and Warner Brothers tenet. They originally said u. S. Theater operations would resume on july 15th. Little bit of pushback. They expect to have all their worldwide locations open by early august. Stock to watch today. Well, while amc prepares to reopen, imax actually just signed a deal to launch 17 new theaters around the world. Cgb is a korean cinema giant. Cosmetics maker coty looking pretty after buying a 20 stake in reality star Kim Kardashian wests makeup brand for 200 million. Coty already has a 51 stake in little sister Kylie Jenners brand. Then theres beyond meat getting thrown into the freezer, pun intended, after barclays double downgraded the plantbased meat maker to underweight citing uncertainty around the Restaurant Industry and a bounceback in the meat supply chain. Despite that, barclays upped the price target to 115. The stock is at 129 and change as of right now. The markets are rallying after a dismal week that saw the dow drop more than 3 with the s p 500 not far behind. Again, we are looking at a strong day today with the dow up 423. Theres the vix. This is the fear gauge. It is down today but its up 146 so far this year and Goldman Sachs is now saying high volatility is going to be here to stay for the remainder of 2020. Goldman also saying they expect the s p to end the year at 3,000 which is. 3 lower than the close at friday for the s p. We hope theyre wrong, dont we . What does this heightened volatility mean for your portfolio and what stocks will help you ride that wave . It looks like there will be another one. I want to bring in the floor sm show traders, scott redler and phil flynn. Scott, i will start with you. We were looking at the vix, its been a tough year. Maybe not a surprise but the fact goldman is saying the s p at 3,000 at the end of the year . I was a little surprised about that. You know what, the market has had a lot of volatility and the ranges have been huge. Not a lot of people thought when we got to the march 23rd lows of what was it, close to 2181 that we didnt get back to 3,000. We are kind of sorting through a lot of complicated headlines. You just saw out of new jersey they are not opening indoor restaurants. The whole reopen is starting to falter a little bit. The second wave is coming back. I think investors should stay the course and put flows into s p funds every single month. This is the type of year that should absorb complicated headlines. I think we could see 2100 in the s p again some point this summer but we could see higher than 3000, closer to 32 where we were a month or two ago. We will probably end somewhere in the 3,000 range. I think in the next year or two we will be making all time highs so investors have to stay the course. Unless you are super active, be careful because the ranges can be very volatile and if you buy wrong and dont have the right plan, you could get hurt considering the size of the moves we have been seeing here. Cheryl you know, Market Participants are still nervous about a second wave of the virus. We are literally still in the first wave if you look at whats happening with texas, florida, arizona. Thats kind of the unknown. What is known today, ive got to bring this up, chesapeake energy. You saw the headlines crossing this morning. You were probably not surprised by the bankruptcy but this seems to be kind of an ominous warning to the u. S. Fracking industry which up until now, has been such an economy booster. It really has been. It was kind of a sad day to think chesapeake, of course, was the leader in the u. S. Shale revolution, and it was kind of a sad day but not unexpected. We have known the shale patch has had a lot of problems. Some of it is because of unforeseen market events like covid19 and other issues. Some of it was brought on by their own. They werent very smart about the way they managed their business, took on too much debt, got a little too greedy when the markets were going up. Im a big believer in the u. S. Shale revolution, a big believer in american ingenuity. Thats what chesapeake was, right . Chesapeake was a company when everybody said its going to be impossible, the world is running out of oil, chesapeake said no, theres another way, right. They used american ingenuity, proved the world wrong so its a sad day but a happy day. I hope they restructure and come back strong. I think shale will come back strong. Not right away but it will come back. Cheryl that would be good for chesapeake but also for the refiners down in louisiana and texas that so depend on what the u. S. Actually makes when it comes to energy. Pivoting to something else, scott, back to you on this, we are closing out the Second Quarter. Im calling it the covid quarter because thats the way its going to be. All these Companies Going into this, they started pulling guidance, pulling estimates, cant tell you what the year will look like. They will have to start reporting to wall street soon and tell us what those numbers are. What are you bracing for here . I think the last quarter, a lot of companies took back their guidance. In the next few weeks, its going to be one of those reality type moments where oh, my goodness, now we see what the earnings are, we look at them year over year and theyre down, look at the pe ratio of the s p. Thats why it will be hard for the markets to get going here which is why i think goldmans call stands pat for later this year. But its going to be very very companyspecific. You will see the stayathome sector that got validated, they might have black ockbuster earn so they might continue. You will have names, does the market give them a pass. Last quarter they gave everyone a pass. Cheryl they will have to give the numbers. You cant hide. They have to show what the real story is. Its likely not going to be a great one. Hopefully we are prepared for that. Real quick, phil, i have to ask about gas prices. So many more americans are driving. They dont want to get on airplanes. Gas prices up a little but still below last year. What do you think will happen the rest of the summer . I think prices will creep up the rest of the summer as we reopen the economy. We will drive more and prices are going to creep up. We are still going to be cheaper than we were a year ago. We have come back a long way. Its been historic the way demand has bounced back but we still have a long way to go. We will get there. Fill up your gas tank early and drive a lot this holiday weekend. Cheryl i need to buy a car. Thats the first thing. Im in new york. [ speaking simultaneously ] cheryl guys, thank you so much. So great to see both of you. Thanks to both of you for your commentary as we end this quarter and go into another one. Closing bell going to ring. We have 51 minutes to go. Dow up 426. Planet fitness feeling the burn after warnings as many as 200 gym goers in West Virginia may have been exposed to the coronavirus. The stock down about 4. 5 right now on the covid fear factor. Thats despite a note from wedbush calling the gym chain a longterm winner. We will watch that. Plus this. Spiking case numbers and the global death toll hitting another tragic record. Kicking one vaccine maker into high gear as we search for a cure. Coming up next, the star of netflixs docuseries pandemic will be here. Stay with us. The best tv experience just got better because now you can watch all your favorite hulu shows and movies on xfinity. Youre only a voice command away from Award Winning shows like the handmaids tale, to new hits like little fires everywhere. And fx originals you can only watch on hulu. Thats just the beginning of what you can experience with hulu on xfinity. Tv made simple, easy, awesome. Cheryl well, another grim milestone in the pandemic. More than half a Million People have died from the coronavirus worldwide. Johns Hopkins University reports the United States has the highest confirmed fatality count with at least 125,000 deaths. Our next guest is the scientist featured in the Netflix Documentary pandemic and is also on the covid19 Congressional Task force. And he runs distributive bio which is working on a covid19 cure. Jacob glanville joins us. Thank you for being here. Thanks for having me on. Cheryl first off, what do you make of these latest numbers, and we heard now that because of the spread in texas and florida, california, that there are a lot of experts now worried that this virus cannot be contained. What do you say . Yeah, so you know, unfortunately, we are seeing another wave coming and i think as many others do that at this point, probably what we will experience until we have effective medicines are a series of waves where we all go home, we have to place strong isolation measures until things calm down a bit but as soon as we loosen those things up to get people back to work or out of the house because they are going stircrazy, the infections kick in again. We will just keep seeing that, waves and halting wave until we have good medicine. Cheryl we heard about gilead and remdesivir and they announced the price of it now, more than 3,000. I wanted to ask you if you think that price, a, is fair and b, is remdesivir the only hope we have right now to treat those that are severely ill . Its one of the earliest hopes. Theres remdesivir, theres steroids, looks like its being somewhat effective, then theres convalescent patient serum. The cost of these medicines will be a problem because its not only that you have a medicine that works but you need to make sure the whole world has access to it. Doesnt really help if only certain areas of the world can afford the medicine. Thats just going to propagate the disease and the problem. That said, you know, its quite possible nations could subsidize the cost of that medicine and should consider doing that because the cost to their economy is so much greater than the cost of subsidizing effective medicine. Cheryl i know the European Union officials have been talking about that. I want to move to what your company is doing. Youve had success with an antibody you developed and you have tested it in hamsters. Explain to us in simple terms so i dont get too lost exactly what this treatment, this antibody, is and how it works. Yeah. We have some pretty good news. We created an antibody that blocks the virus from infecting you so if you were to zoom into the coronavirus as a series of spikes on the outside of the virus that stabs into your cells to infect you, we created antibodies that block those spikes. The really exciting thing that happened recently was we sent the antibodies to two national labs, the department of defense lab and the Galveston National labs, where they can they have biosafety level iv facilities where people work with live viruses and they were able to show our antibodies in both labs protected hamsters from getting the covid19 disease and being infected with the virus. It knocked down the virus in their lungs by 97 within 48 hours, reduced lung damage and helped the hamsters getting back towards chowing away on food and getting fat again as opposed to when theyre sick, they dont really eat. Thats really good news for hamsters. We hope its also good news for people. The drug is moving from manufacturing into Clinical Trials that will happen this fall. Cheryl so if theres a 97 efficacy rate for hamsters, how good is that for humans . Whats the promise there . It is good, it shows that the same virus in a hamster would get normally, its protecting its lungs, its reducing the virus. Thats really good. You still need to run the study in humans to make sure theres no surprises. Antibiotics would work in a hamster and in a human. It gives us a lot of confidence our medicine is effective. Cheryl you also worked the past with flu vaccines, on different treatments for maybe more common diseases around the world, i mean, your experience with the coronavirus and where were at today, is this the worst that you have seen as far as Infectious Disease . I mean, this is the biggest medical crisis of our lifetime just because its so global and its sort of a nasty combination of very infectious and also just dangerous enough that we cant just say lets all get sick. Flu is dangerous but is tolerable. Not enough people die for us to stop society where thats not true with the coronavirus. Thats really giving rise to this crazy global crisis, right. Ebola is more lethal but it gets people sick so quickly its sort of contained more easily and also, we really have to thank heroes on the ground in africa who managed to stop it. This thing is so infectious and because you can be infected without realizing it and be infected for a long time it acts like a trojan horse where you carry it and infect other people in other states and cities. Thats really been the problem here. Ultimately, we will get through this. We just need effective vaccines and time for people to take them. Critically, we also need effective antivirals like the antibodies we are producing that you can give in the hospital to someone whos already sick. Once those are in place we can resume society. Cheryl i know liz will want an update from you when human trials begin. Please come back to countdown. Thank you. Thanks for having me on. Cheryl the closing bell, we have now got 41 minutes to go. 428 on the dow. We will take it. Restaurant Brands International is serving up some optimism. The fast food giant citing new signs of life as sales rebound at its burger king. We are watching that stock right now. And could the two rest stop staples be in for even bigger sales as road trips become the new normal . Jeff flock takes us on the holiday road coming up next. Yeah yyeah yeah hey, hey yeah about medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United HealthcareInsurance Company might be the right choice for you. A free decision guide is a great place to start. Call today to request yours. So what makes an aarp Medicare Supplement plan unique . Well, these are the only Medicare Supplement plans endorsed by aarp and thats because they meet aarps high standards of quality and service. Youre also getting the great features that any Medicare Supplement plan provides. For example, with any Medicare Supplement plan you may choose any doctor or hospital that accepts medicare patients. You can even visit a specialist. With this type of plan, there are no networks or referrals needed. Also, a Medicare Supplement plan goes with you when you travel anywhere in the u. S. A free decision guide will provide a breakdown of aarp Medicare Supplement plans, and help you determine the plan that works best for your needs and budget. Call today to request yours. Lets recap. There are 3 key things you should keep in mind. One if youre turning 65, you may be eligible for medicare but it only covers about 80 of your Medicare Part b costs. A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Cheryl listen to this stunning prediction from airbnbs ceo, an executive at the forefront of the travel and leisure industry. Quote, travel will never ever go back to the way it was precovid, end quote. He also forecasted that vacationers will stick with smaller local communities going forward. As we head into the july 4th weekend, what will be the future of travel . Lets head to none other than jeff flock. He is in new buffalo, michigan. I hope people are out and about, jeff. Reporter i think if this picture tells you anything, i think you are absolutely right. People are out and about, enjoying look at this, the folks over here. Yeah, see . They are having a good time. This is the iaquinquintessentia vacation town in michigan, new buffalo. Most people that come here, come by car. That fits the national statistics. 97 according to aaa this summer are going to travel to their destination by car. Thats a lot more than typically is the case. You mentioned airbnb. They did some studies, too, to see where people are going and who. 60 , according to airbnb, are going fairly close to home for their Summer Vacation this year. No europe, no crosscountry trips. 60 close to home and they are mostly family vacations. Their bookings for families, with one or more children, up 43 this y