The futures indicated up about 322. The decline of 30 points futures point to bigger gain at the open of about 30 points. The nasdaq is open it is very early we have seen a lot of volatility lately lets look at what is happening in the treasury markets. Wti said the july contract that is the active front running Contract Trading above 22 a barrel one point of favor for the bulls on this. The 10year at 0. 698 . Andrew thanks, becky we have a huge lineup of guests. We keep saying a huge lineup but we do. It is crazy. Joining us exclusively this morning is walmart ceo, head of cocacola, james quincy, another exclusive with the new ceo of united the ceo of lonza that is partnering with moderna. A huge three hours ahead lowes, wow. Adjusted net 1. 77 the estimate was 1. 32 look at the stock. Up almost 4 home depot yesterday which was part of the reason that dow fell was because of home depot. Same store sales up 11. 2 . Dot com sales rose 80 lowes is going to invest quite a bit to support employees in lowes case, 340 million in the First Quarter to support employers and communities in response to covid19 19. 7 billion is above the current estimate there at 18. 3. Looks pretty good. Can you explain it it is easier to shop lowes has been in the midst of a turnaround. They have the new ceo they brought in who has been going to work i would say maybe they had an easier position to come off of lower comps. But youve got to give them credit i know there was problems in the past in terms of their website to get access to those maybe theyve made massive improvements there that has been a key for all the retailers in the haves groups at this point walmart and target have been investing so heavily for a number of years. Maybe helping lowes at this point too. One thing is interesting, they point outnumbers i wouldnt anticipate doing well at the moment, they have 600 billion in cash and resolving Credit Facilities these are things that you are hearing from companies in dire straights. We also have this not far from an alltime high, 126 would be the alltime high and it is helping home depot another vshaped recovery with a little bit of the flop thats slope on a chart, isnt it what is interesting, home depot was down when they came out with earnings in the morning. Walmart had great numbers. They were up by the end of the day. There was some sort of broader malaise dragging down the market something from moderna about websites and from stat one key stock to watch today is moderna. Those shares got a big pop after reporting positive Earnings Results for a phase one study. They fell sharply and were down again in the premarket. Are down again by as much as 4 . Speaking to several experts questioning the response to the moderna news they said the drug trial results didnt include as much information to draw conclusions about how successful the trial was and that the release was light on data. I did read the piece we know it was a small number of people eight out of eight who they had the final results from 45 people in the study eight out of eight showed they did develop antibodies that the company has classified as being the same as someone who had come back and recovered from it one of the picking points is, okay, you can have a wide variety of antibodies of somebody who p recovers from the disease. The Company Already didnt say the age of the eight people. They did say the 45 people were 18 to 55 years old if the response was in the longer of these people, they say it is less conclusive and that it is the older people targeted by the disease there were questions about the durability about the antibodies that built up and the response this was all taken after two weeks of the second dose after that vaccine had been initiated. There was a lot of questions theyd like to see the data. Still people that are hopeful but they want to see more after they can really make any call tied judgement pretty amazing. The immune system, it is like an organ. White blood cells. T cells, b cells, it is like an organ. And when you get older, it doesnt work like when you were younger. If you did develop antibodies and you are young and in the prime of life and your immune system is so sharp you can see how that would make a difference unlike us i feel good i always felt good i attribute it to having three dogs that my immune system is constantly building antibodies from something they drag in from somewhere. Part of it is ge netic whether you have a sharp immune system or not. I do too. Part of the reason for the questions around this are things with he talked about yesterday too. We had the ceo of moderna on on monday as soon as that news was out and had a chance to talk about a couple of the issues people raised the question about how they would put out the release of these results that would not be finalized also the idea that National Institute for allergy and Infectious Disease they often come out with their own press release or dr. Fauci the industry did not put out its own release and the timing of this with he spoke with the ceo of moderna monday morning as this was coming out he said at the time, they were going to put more money to work to make sure they could ramp up the vaccine quickly. I think we have a sound bite right here interest that on monday morning we are going to increase our investment in capital equipment, in Raw Materials to make as many doses as we can. Where are you getting the money for these investments . We have a strong Balance Sheet. The grant from the Gates Foundation the companies will capitalize. The companies in a great place he didnt mention that later in the day, they said it would be selling additional stock. Around 1. 3 billion. That was as the stock rose at the end of the day, it was up 30 . At the end of the day, shares up 30 . There have been questions raised by that too. Why put out the timing on this again, experts are not willing to write this off. They just want to see more data and see exactly how effective this vaccine is. I dont think the ceo selling its shares is secondary. No, no. These these were new shares. Brings out the crazies. I dont know how the tesla crazies are involved with moderna. They are crazy anyway, they are involved with talking about it most of them think, i think, that ceo pump and dumped and sold his shares. It looked like general purposes. Again, timing is interesting. Thats why people are asking questions. Well wait and see the rest of the data and see what that has to show. The reason they have conflated issues we talk about 10 b 15 programs these programs to sell their shares this ceo has been selling throughout the process and arguably, if you were bullish, you could stop on the selling. Jay clayton said that yesterday. Id rather have people buying their stock than selling their stock. I hope he had his 10 b structured so that window for like two hours on whatever day that was that has already come back down. Month to date, the stock is up over 50 . He said what you want is good hygiene. The fact that we are having a good conversation at all about a drug we hope and pray is going to work is marred and questioned cramer said yesterday, that is capitolism. You dont wa capitalism. You are raising for general purposes, you want to do it. Health care is a specific and unique situation in the middle of a pandemic. If a month or two from now, this drug doesnt work, for whatever reason, we hope thats not the case there will be more finger pointing and lawyers it will become a complete you know what. You want to try to figure out a way to avoid that. Could it have waited a day or two . Could it provide a situation i dont think thats capitalism, i think it is a timing issue you can talk to cramer about it, andrew the whole idea of releasing interim results of a phase one trial, which is just testing safety and only eight patients that is something totalk about plus, i dont know if you or people, sort of in your place of thinking, can they charge anything for the vaccine they develop ever how do you get to a 30 billion market cap on a company . This is a company that never successfully made a drug before. How many vaccines do you need to sell to get near the profit margin this is going to become the issue for the p. The question is does the Platform Work or not i think the question is does this Platform Work or not . Thats what we are watching. And does mrna be used in a way that the cell picks it up and it exactly works if the Platform Works, there is a lot of exciting things about it thats the question. Does the Platform Work well talk to lonza theyll be one of the joint manufacturers. He may have comes about what it will take to commercialize this . Well continue after the break because we have dr. Scott gottlieb joining us. New survey data and how worried people are about the resurgence of the numbers in the fall Scott Gottlieb will join us after the break. Take a look at shares of lowes. Up sharply after earnings revenue. Stock up about 6 . We are back after this at leaf blowers. You should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. Dont get mad get e trade and start trading iits not acceptable oor nothing. And its definitely not close enough or nothing. Mercedesbenz suvs were engineered with only one mission in mind. To be the best. In the category, in the industry, in the world. Now, get 0 apr financing up to 36 months on most models and 90day firstpayment deferral on any model. Mercedesbenz. The best or nothing. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Welcome back a new survey asked swing state voters if they believe there will be a second wave of the virus in the fall which could lead to a second round of economic pain. Eamon has some intriguing results. A lot of times in polling, g there are gray areas these results are stark. It all starts with the way we americans are experiencing this virus and how polarized that is by Political Party take a look at the result showing the personal connections people have. Asking whether they themselves know anybody or have a personal connection to the virus or the experience 98 of democrats said yes, 42 of republicans, that is a dramatic disparity in the way we are experiencing this virus and the way people feel about this happening to them and their communities. Polsters tell us it is largely because of the divided and segregated communities we live in the types of areas democrats or republicans live in and are experiencing and answering sort of the way they think they are supposed to answer it. All of that plays into the experience around the virus that leads to the next two followings this fear of returning to work too soon 79 of democrats are saying they have a fear of returning serious concerns of returning to work too soon. 87 of republicans said they have minor or no concerns about returning to work too soon all of that is driven by the experience that people are having of this virus if it is dramatic in your life, youll have a dramatic response. If not, then not the idea of a second wave coming through. Look how differently republicans and democrats view this. All among swing state voters yes, maybe no is the red the gray, the blue republicans anticipating a second wave, 21 . Democrats anticipating a second wave, 93 of democrats expect a second wave. These are huge it goes to the way we live now the stark polarization of this country and experiences around this virus that is informing the responses we are seeing and the political attention given the scale of the fall out we are having some fascinating results here and more details throughout the course of the day here on cnbc thank you, well continue this conversation and get thoughts on all of this and talk about the potential of a second wave dr. Scott gottlieb, fda commissioner serves on the board of illumina and pfizer you heard what eamon had to say. Lets take politics out of it, what are the Health Experts saying about a second wave this is going to come back in the fall in some fashion whether it is in a pandemic fashion will depend on what we do whether we have screening in place, whether we have good track and trace in place tracking people who are sick and getting close contact and offering testing it will all depend on the Public Health work. The coronavirus circulate on a seasonal basis there is no reason to say this will disappear we are seeing it come back in south america as they go into their winter we are seeing some seasonality what do you do to fully understand you would have been part of the republicans. So 93 of democrats believe this is coming. For people to avoid a second wave, they need to believe a second wave is coming. How do you articulate that to the p ublic . A lot of states wouldnt touched by this. The more rural areas, which are republican states. Looking at new york, new orleans, chicago, they were pretty hit the transfer will be lower in those cities because of more immunity in new york, you are probably getting to levels of exposure that will reduce the level in the fall the vulnerable cities are those dense but largely touched. You think of dallas where they didnt have a big epidemic we need to remind people to have a good technique heading into the fall july and august, i think well have a quiet july and august and people will let their guard down come the fall, they need to be careful. You saw in texas, they had to reclose some churches that were open and they discovered some people with coronavirus there. A leaked pentagon statement that they believe the virus will be with us in some way through at least the summer of 21 does that make sense to you . Look, it makes sense that this coronavirus now is pervasive enough around the world. We have seven other strains of coronavirus that come every season they cause the common cold this will probably become an infection that will circulate around the world but eventually have a vaccine it is possible to develop a vaccine. Doesnt mean we have one yet but it is possible well need to get vaccinated for this like we get vaccinated for the flu. I know we put you through the paces yesterday on moderna we had one conversation about this news report that may ask even harder questions that had been asked so far about the results. The fact that Government Agency working with moderna has not come forward to support what moderna has to say what is your positive optimistic level and skeptical level about it my view hasnt changed. It is encouraging to develop an antibody response. Im not sure prized the nih branch did not put this out. This was disclosed earlier than the company wanted to. They probably felt compelled to disclose that monday morning thats my speculation why they disclosed. It would have been nice to see the tighter, absolute levels i think thats what people wanted to see. It would be nice to know all 45 patients developed neutralizing antib antibodies. The Biggest Issue coming out of the trial, this isnt a knock on the product at all, is that they dont know the dose. They have to do a phase two work to do the dose finding they want to be in a phase three in the summer. The high dose seemed too high, low dose seemed too low. They are testing 50 microgram dose they may have to go back an test 75 microgram dose or Something Else they want the companies to get the dose right before they go to pivotal trials one thing you just said is important. A lot of people were questioning why moderna would come out monday morning and release these early results of phase one and issue Stock Offering for general corporate purposes later that day. What i had not heard before is what you said, there was some sort of rye lease that happened on friday that maybe pushed their hand a little bit and that reminds me about remdesivir and the early results because stat got ahold of the conversation, i believe, the woman who was running it had online somewhere. Got ahold of that and ran with the early results of remdesivir. What happened on friday . There was a reference made by someone who i have very high regard for who had resigned from the board. He joined the white house as ann a they are prapeutics advisor. It wasnt a reference to moderna. Most people knowing hes on the board of moderna started assuming that might be data from the trial. Im speculating here that was one of the reasons this took off i have a lot of respect for him. I worked for him for five years. This is the guy with the options, right, scott . Hes just getting hammered by the click bait websites, right whether or not he was or wasnt referring to this he might not have been we dont know. I think there was an assumption if you go back to twitter, there was an assumption he was referring to this. My point is this, you worked for him for five years this is the trump crony who benefitted from the release with all of the options lining his pockets. Thats the way it is being portrayed in certain circles you dont buy that i trust his integritiy. You need to get a little more cynical about things, scott. Look at the world in a real way. Ive been in washington long enough you know something about the guy. No, no talk to the drudgington post thats the new name for that that is stuff i had not known before thank you. I appreciate that. I think thats an important part of the narrative that needs to be out there too quickly, target is just out hitting the wires. Earnings on adjusted base si coming in at 59 cents a share versus 40 cents they had been expecting. Comp sales overall up by 10. 8 for the quarter. Comp store sales up 0. 9 Digital Sales up 141 . Target has been one of the retailers that has nailed it in terms of making sure it is offering every option. You can order on target. Com, order from shipt Digita