How did the market worry when there is so much despair over the coronavirus. There is a seething anger sweeping this country and it is directed point blank at wall street this relentless rally seems unfair, it seems senseless and heartless. Thousands of people are dying. And Money Managers are cheering the most enthusiastic stock comeback in living memorial. Do you gaining another 559 points and s p climbs and nasdaq pulling almost 9 . How the heck is that even possible well why dont we start with peoples exhibit a against both me and the market here is a picture from last week when the wild rally had been cemented in the history books. The dows best week since 1938 then my head then breaking news more than 16 million americans have lost jobs in three weeks. 16 million full disclosure, i didnt order this curious juxtaposition to show you how i am. Most of you own stocks are not short sellers. Believe me there is no joy in stock film right now and i agree it is messed up. But the contrast between a warring stock market and a obliterated job market tells us what is happening at this moment first, every branch of the government see what is happening. They know 16 million jobs lost is unconscionable and so the fed and Congress Pulling out all of the stops. The treasury is putting money in your bank account and tiding over Small Business loans and forgiven as long as you dont layoff your employees in the 2. 2 trillion rescue package and the Federal Reserve is pumping 2. 3 trippon into the economy with junk bonds allowing more to stay afloat and buying Municipal Bonds which is huge because cities wont have to make massive budget cuts at the worst possible time. And now treasury and the Airlines Just agreed to an agreement. This is very simple. The 30 stocks in the dow are mega caps. Theyre big businesses big businesses that thrive when money comes into the mark. Whether it be through the fed, the treasury, congress and when they come together to boost the economy it is the big caps that do the best. The dow is not supposed to be representative of the broader economy. There are no nail salons or barbershops or auto mechanics in the major indices. Were not trading luncheonets here maybe it would feel more just if big business was getting crushed along with everyone else like during the Great Recession but when big business gets crushed you get more layoffs you dont want to cut off your nose to spite your face. Dont get me wrong i would love it if the government was more generous to those who work for a living. The unemployment is great but there is an attempt by the federal government to try to save the economy and i cheer it. There is no gangster bankers getting benefits or like in the roaring 20s just a global tragedy hitting our country particularly hard. Without these huge aid packages, bailouts, whatever you want to call them, i think we would look at a much worse situation in the financial crisis that was 2007, 2009 something akin to the Great Depression as far as im concerned anything that staves off a depression is good news. The second reason, we got too negative it is not like the market is surging to new highs were partially rebounding from spectacular losses last month. When you think about it, remember this we crashed and i use that word not lightly, crashed from 20,000 to 18,000 in a couple of days stocks were obliterated. The april bank of america manager survey showed the levels are as high since back in 9 11 equity allocates are at the lowest level since 2009. Those were both great buying opportunities. That is incredible when the federal government took action, that is excessive. Maybe you think this whole rally is phony because it is propped up by government intervention. I see that every second in my twitter feed if you feel that way [ inaudible ]. Were in a deflationary moment witness the decline in oil despite the 9. 7 Million Barrels per day Production Cut and were bending over backward to offset the deflation and third lets be honest, there is a real zero sum exercise going on here and i dont like it. Not one bit. Big business is getting bigger and more powerful and small to medium size businesses are getting obliterating even as treasury do the best to save it. This is terrifying to me but it is the new normal. Consider the incredible rally of amazon now surged from 1,676 in midmarch to 2,300. A new high you could imagine how many Small Businesses will never come back and they are forced to close and amazon is taking their customers. You cant beat amazon unless youre walmart they have too much scale and amazon and walmart have been crushing mom and pops for decades but this is thrown fuel on a fire might have taken years or decade to play out i could only think of one way to turn back the clock, antitrust and that would raise the market that keeps climbing. There is hope for vaccine. Later tonight well hear from Emma Walmsley who formed an alliance with sin ovie for a vaccine. At the same time johnson and johnson reported a starstudded quarter this morning where they talked extensively by the vaccine theyre working on that is certainly ahead, maybe were talking about this year and results in the First Quarter next year, could be that early many vaccine candidates are in the offing even as i think they are hard to make all of this on top of good news from gilead about remdesir jp Morgan Morgan and wells fargo terrified me of gigantic loan losses down the road im not hearing about mass Contact Tracing which are needed if were ever going to reopen to a robust economy i doubt the market will revisit the march lows it wont surprise me if we got hit with a pullback since were over bought as we are oversold that is not what the market cares about at this moment at the end of the day, the stoom is made up of big, Huge Companies not the backbone of our economy. You dont have to like it. I know i dont but it is the big dogs with pristine Balance Sheets and jieg andic scale that survive this lockdown unlike mom and pop outfits, they could afford to go without customers for a very long time it is unfair its wrong but like it or not, its reality. Lets go to daja in california caller what is going on, jimmy. Cramerica. How are you. Hanging in. How are you partner. Caller doing all right calling from california and from bucks county, pennsylvania, your old stomp ground if you could wish my roommate gary a happy birthday turning 28, loves your show. Happy birthday. Always have time for that. Appreciate that kindly. Thank you, thank you and then real quick my question. So outside of netflix, who do you think the winners for earnings will be and outside of the Banking Industry who do you think the losers are this week. You like anybody who does great in the stay at home economy. And then work from home economy. That is the netflix and that is the activision it is the roku we all love teledoc. The losers are the financials because nobody can figure out what they are doing. Thank you for the kind words happy birthday mike. Caller booyah. How are you. Couldnt be better. Caller me too. Action alerts member here. Cant wait for tomorrow. Conference call tomorrow. Were going to rock. What is up. Caller this year we took a position in activision and took our profit and sold it. Right. Caller is this a good time to revisit this stock again since the video game market saw an increase in game play due to covid19. I have seen and i listen to bobby kodak, the ceo and ive never seen him this bullish. That made me think, even at 63 and i know we sold it at a good trade for travel trust it could work here lets go to reid in california reid caller hey, thanks for all youve been doing here in these crazy times and i appreciate you taking my call. A pleasure, reid. What is up. Caller my question is about American Express i bought shares a few weeks ago in the low 90s and im hesitant to buy more given the market volatility and this morning it dropped, is this the time to buy. They have a lot of travel and leisure and a lot of corporate expenditure and Small Business all of these i think are problematic. I think you should stay away from that one. I dont think it is the right place to be. Look you may not like it but were living in a new reality on shmad money tonight, a coronavirus vaccine. How will two drug giants used against each other help in the fight against the pandemic i have the exclusive. And how is the Monetary Policy helping defense im going off the charts to find out. And labs roll out the first dry food testing sites in the United States what is next for bio reference im talking to the man in charge so stay with cramer. Dont miss a second of mad money follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something head to madmoney. Cnbc. Com. At t has connected us every day for over 100 years. And were here for you especially now, doing Everything Possible to keep you connected. Through the resilience of our network and people. We can keep learning, keep sharing, keep watching, and most of all, keep together. Its the job weve always done. It is the job we will always do. Shbecause xfinity mobilehen ygives you more flexible data. You can choose to share data between lines, mix with unlimited, or switch it up at any time. All on the most reliable wireless network. Which means you can save money without compromising on coverage. Get more flexible data, the most reliable network, and more savings. Plus, get 200 off when you buy an eligible phone. Thats simple, easy, awesome. Go to xfinitymobile. Com today. If we really want to beat this pandemic, not just contain it but turn back to the clock to a time when we dont have to worry about the coronavirus, we need a vaccine the largest players, glaxosmithkline and sin ovie announced a partnership to do that and scale up production it will take months before we see results but any progress is a positive that is why i was thrilled to sit down with Emma Walmsley from glaxosmithkline. Take a look. Emma, i think this is a historic alliance. Could you tell us what each party brings to the equation. Sure. Hi, jim. And thank you to the Front Line Health Care workers and the scientists in the world working to stop this virus what we announced today we think is an unprecedented between the two biggest manufacturers, two leaders bringing proven Pandemic Technology and scale to develop an vaccine for covid19 so sin ovie are going to contribute their antigen and we have a antigent which is a booster so you need less than antigen in the h 1 n 1 we needed far less a lot of work to do. But we also of course both bring significant manufacturing capacity and if were successful, that were hoping to get to hundreds of millions of doses by the end of next year. But a lot of work to do and were sure that the world will need more than one vaccine considering the state of demand. Emma, why is this particular illness so much more difficult than other things that weve seen you tackle . Well, there is an enormous amount we dont know about the virus. And there are scientistics and akahics in industry and beyond it working hard and exchanging data as fast as we could to understand it. But where youre right is it definitely shows a need for us all to invest in pandemic preparedness for the longterm and that is something that gsk wanted also, announced today this collaboration is one of seven were doing in vaccines for covid19 and were committed when we look at that whole portfolio of vaccines not to profit during this pandemic but to make sure were reinvesting in Covid Research and not just for covid19 but for coronaviruses and also in longterm pandemic preparedness, be that with gsk own investigations or other institutions and governments as we start to think about how the world can be better ready next time we think that is a very important contribution to make. Emma, i think of the two companies as competitors not just competitors because youre approach things but it is difficult to imagine the collaboration. What happens have you already gotten together and realized what your strengths are or merge into one room and the reason i say this because i dont know if people understand how historic it is to get these two companies that are both great at what they do to collaborate in a way that is not for money. Well, first of all, we still do want to make sure that we price responsibly in any shortterm profits are invested in future research but now is not the time to be thinking about competition, jim. This is a crisis whether or not from a direct health point of view, an Indirect Health point of view considering the economic ramifications that were all just starting to realize now it is all hands on deck. Whether that be across the industry, the variety of collaborations or with various important institutions like the gates foundation, sappy, the w. H. O. And governments around the world. We firmly believe that now is a time to have an approach from our point of view that is about partnerships, that is about a global approach, obviously countries want to take domestic care but it is important with Global Supply chains and Global Insight we look after the most popular nations in the world are going to be hard hit with fragile health care systems. It is a time to be looking at commitment to access which is why weve also said that we would like to be zone donating to the poorest countries and again it is really critical but were talking about investing in longterm pandemic preparedness our industry has a really important purpose to both prevent illness and treat it when it comes and im really proud of colleagues and also others that sit around the industry table and how we are pulling together to try to find solutions. How do you develop your time frame. J j said were going to start in september and could have something in the first half and you folks are talking about the second half. What happens if it is much more difficult and weve been led to believe that there is something out there and it turns out to be, once we found out the facts, this is very different from young and different for old, there have been some problems, we know that there have been people who died from vaccines that werent ready yet. Yeah. What gives you the encouragement there could be something out there. Well, first of all, youre absolutely right, jim, this is still, as with all research in vaccines there is risk involved and no guaranteed and a lot of work ahead normally it takes a decade to develop a vaccine, sometimes even longer. In this case, i suppose we get a bit more confidence its were talking about proven technologies whether it be with the protein based antigen or with this anti both are already licensed and were seeing incredible engagement and collaboration from regulators to help us set up the right kind of trials and were investing in capacity at risk as well. Because every day lost is an expensive one from a health point of view and an economic one. So i think it is really important to emphasize that for thats would wish it was all going to come back much faster, we have to guarantee safety here we have to guarantee efficacy and we have to be thoughtful as an industry on how were going to get to scale manufacturing because obviously the Global Demand is going to be extremely high and frankly there will need to be more than one vaccine so, again, this is not a time when were thinking competitively. It is a time when we hope for success for everybody, all of the Companies Large and small, to be able to move forward in the meantime to have effective treatment too is going to be extremely important to support the Health Systems and the Health Care Workers that are under so much pressure. Would be willing to be the first person to take it when you do face one . If it was appropriate, then i would always want to be at the service of the Health Care Industry well, it was asked because i feel like that im trying to figure out who gets the vaccine first and what is going to reopen and im very worried there is a real pressure here to reopen but we dont have a vaccine. And i would love the vaccine so we could so i could get it and reopen and someone called me a scaried cat because we dont have antibodies or testing or Contract Tracing and we dont have a vaccine to me that is the checklist of what we like to have before we have everybody just traveling all over the place and feeling great about themselves well, i think it is a really important point. There are hard working governments all around the world being very thoughtful about what a phased, responsible, discipline opening can and should look like while protecting the health and well being of their citizenry i think it is increasely clear that an complete exit from this is going to require vaccines at scale, probably antibody at scale and degree of tracing as well because as weve seen the Tech Companies coming through with some very positive potential contributions on that side as well but in the meantime, since all three of those things are the scale on a global scale may take up some time, were going to have to adalt to new ways of living and working but there are plenty of profound experts working on thinking about the right way to do that as we cycle out of the well first flatten the peak infection rate and then start planning intelligently for that. Thank you for what you are doing and people should recognize that the collaboration is historic, unusual and it is just a testament to the times. But Emma Walmsley, leader in our business of leader in business and it is important that we saw you put a face to this because it is an amazing thing that youre doin