Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring you an update on the pandemic global cases have passed 5 million with the death toll of 328,000 here in the United States we have more than 1. 5 million cases. Russia with 308,000 cases. Brazil now with 291,000. United kingdom about 250,000 cases. Of course, you have to think about denominator and testing all goes into it we probably should do hospitalizations or deaths if we are trying to focus on what we do know. An update on a story we told but a few weeks ago, apple has released a Software Update to the operating system that makes it easier to use an iphone while wearing a face mask. The face i. D. System cant unlock a phone if the users mouth and nose are covered if you swipe up with your mask on, it will allow you to enter your password. Changing the annoying delay as the phone tries to look at its face you are waiting and waiting. Now you can just swipe up and this doesnt solve the problem completely as my son says, we need to get the touch i. D. Back. It used to do the fingerprint and it moved to the face i. D now it needs to have both. The fingerprint doesnt work if you are wearing gloves. Everybody out there, if you are watching, plan your day. Well closely watch jobless claims at 8 30 a. M. Eastern. Firsttime filings expected to rise by 2. 4 million. Last week, 36. 5 million filed for unemployment last week, some saying at least it is barely under 3 million today, the number estimated is 2. 4. Expedia shares are higher reporting a loss worse than expected lodging revenue fell 10 air travel revenue fell 65 on the call, they said they saw a slight recovery and green chutes in may. Business is far from normal. Cnbc has an interview with expedia ceo tomorrow at 10 00 tomorrow. Becky. L brands stock was whip sawed in afterhours trading reporting a loss of 98 cents a share. In the case of this company and expedia, im not sure why anybody would be surprised when you closed all the stores and dont have people traveling. Comp sales at bath and body works was up as people stocked up on Hand Sanitizer victorias secret sales fell by 41 . The plan to sell to siwas canced after saying they violated the agreement by closing the stoors. I think it was the Federal Reserve that said these Debt Laden Companies control 2. 2 million jobs which is why well be watching these stories closely. March, it seems looic a long time ago march 6 we were still going to the nasdaq all together. I think the 11th was the last day it was back here ive been back here for a month. Back april 20. Was time going quickly or was march a long time ago. Early march was a long time ago. It is both. It is grounds hogs day cycle. I measured the time because my hair was so long, i had to chop it i couldnt do it i saw you were cutting your hair you did a good job thank you i didnt know for you it would be such a priority it seems like you could just grow it and it gets longer it is so heavy. You watch me on the spy cam. During commercial breaks, i try to get it out of my face twitter trolls are on that it is a tupee again one, who would pay money for this and two, what, i have 10 different ones for a while it was the dye sorkin, you have no problem. Shirts get clean, hair gets cut. I cut my own hair i trim it all the time are you really cutting it all by myself im really cutting it all by myself ill do a youtube or instagram something and show you ive gotten it down. I thought you had a friend bubble stylist on retainer in connecticut with you the double nannies and the chef. I got my scissors on amazon too. This is all being done personally are you cooking every single night. Not we, are you havar is cooking every single night. Im helping. I am like mr. Dishes im mr. Vacuum im mr. Ironing and mr. Laundry. Those are my new and better skills assigning those duties fairly is that what you are doing nope. Nope we were talking about it in our house. We are producing so much garbage because you are eating everything in the house. Our garbage folks sent us a note saying we needed to get an extra garbage thing. We have to pay extra because our garbage guy is spending too much time on it the Waste Management we had on said they are seeing that with the residential people. Yes they told us they are raising rates because of that. One more thing. Is trying to figure out a meal gotten to the point where it is like, not again . When did we run out of things burgers, chicken, maybe a steak occasionally then im back to where are we . We just had this why did we run out of food yes we are doing it all ourselves. Its crazy taco nights. Im trying to vary it up but it is hard. Im going to put a plug in for a local business in new york city that is changed everything we are doing eataly, the super market in new york city. Theyll send you boxes and they wont tell you what is in it it is not cheap. It is random weve been making all sorts of different dinners every night because you do what is in the box and it has been great. You dont know in advance weve had a ball. You dont get to pick but it is italian food so everybody likes it we never go wrong we are three weeks in and every week it is like christmas when we get the box. We open it up and it is very exciting i was thinking today i might get one of those honey baked hams people get for holidays i did one for easter. It was really good im going to get push back. It is not a holiday. But they last. You get the slices you can have hasandwiches pork tender loin and beef tender loin. At least we can buy the food and our 1 of problems oddly dont sound very good for people struggling more than we are. Keep that in mind. Yep when we come back, modernas chairman defending his companys vaccine trial from the cdc dont miss an update from new jersey phil murphy will join us at 8 00 a. M. Eastern today squawk box will be right back. You say that customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Welcome back modernas chairman is standing by the companys data on the covid vaccine. The report that raised a number of questions and caused a volatile few days for the stoc. Meg has more on this it did. The story began on friday when the new head of the governments warp speed effort to get a vaccine to the market made some comments about an early trial he got a peek at. He was on moderns board the implication was that he was talking about modern he left the board around the same time. On early monday morning, we saw the data more saw the numbers and said it was promising. Monday afternoon, moderna sold 1. 2 million worth of stock tuesday, they said the numbers are too early. Niaid, the institute working with moderna and others was pretty silent. I talked with the ceo who pointed to a tweet from Vice President pence saying a conk with fauci that was exciting data we asked about one of the claims in the article from a vaccine expert who said maybe they had more data and it just didnt look right we take what we do very seriously. We would not have put out only some of the data to make anything look any different than the reality. More importantly, not only is our scientific credibility more important. The niaid and nih credibility cannot be challenged by any researchers. The time lines for Financial Disclosures and for reporting science are completely different and appears not compatible and it appears that is what is happening right now in this pandemic meg, thank you, it has been a ride to watch this week. A lot of questions, a lot of hopes. Well continue to watch this space. Thank you. Joining us now is dr. Scott gottlieb former fda commissioner, cnbc contributor, serves on the boards of both illumina and pfizer great to have you here we are coming to you ever dayy to ask you more. Hearing from the ceo of moderna. You spoke yesterday saying you worked with him for years and you could vouch for his credibility. That meant a lot from me coming from that position kind of watching this play out, what would you say in hind sight you would be recommending for any of these companies coming up with these things. Should we be hearing about these early results or not i think moderna put out that release earlier than anticipated. Meg captured that well in terms of potentially speaking to these and then the company putting out the release to provide more color around the results they had on hand. There was nothing wrong with these results that raised the questions. It was just early a lot of companies saw the oxford group put out on monkey trials and data on vaccine a lot of interest on whether these work and groups are putting out data early three months ago, people werent sure whether the mrna wrapped in a lipid could produce a response it is encouraging in that regard it is still an early data set. The biggest question is what the dose is going to be. No one seems focused on that question they seem focused on that they didnt have qualifying antibodies in all 45 patients. Scott, before you even said that, this is exactly the line i wanted to talk to you about. That is how unbelievable it is to be able to take a small stretch of messenger rna that codes for one thing, the surface protein. Now we know it was only eight. With he know that. If it is only one. To see you could put it in there into a cell and translate it and have an antibody generated similar to the whole virus to me, thats really exciting. I dont know whether that gives you immunity and you make a vaccine from that. I dont know if it is just young people or any of that. To not have to use an enact vated whole particle how do you know there is not anymore in there to be able to do it with a small stretch of nucleic acid and generate it. Thats huge. The proof of the acid is expressed by human cell of viral rna. Thats big and it generates the production of antibodies that seem specific to the virus three months ago, people would say this approach wouldnt work. Pfizer is taking the same approach this is helpful. I want to know if that is absolutely sure this is how it worked are you absolutely sure it took that small stretch and made that protein and actually made that which is similar to what the virus has . That is incredible it is one little part. We are not going to know until we put these vaccines into people and we know whether or not this provides a protective immunity because it worked in test tubes doesnt mean it will work. There is a long road ahead this data is showing us it is probably possible to make a coronavirus vaccine. It is clear, this will be a 2021 event. We may have Vaccines Available in the fall. It looks like well be able to produce immunity con struft. J j using the antiviral vector. Merck is in this space and astrazeneca and sanofi and pfizer that know how to make vaccines to the degree we find a vaccine, how hard will it be to get people to take it . Given all of the questions around testing and the length of testing, the period, i imagine will be shorter than typical, i can just see the people, the antivaxer groups and others who say, we dont want to touch this or let everybody else take this for three or four months or a year how are we going to deal with that stumbling block i am already thinking there will be push back it might not be that way out there. There is a lot of information out there showing it produces antibodies in people and early safety data. We need to go through early trials and Proper Development to give people confidence in taking these. When you look at vaccine trials, typically, there are 10s of thousands of patients. Gardisil was 60,000. Those approved when i was at fda. We can set trials in the fall especially with the outbreak we expect to have we need to set up those large trials to your point, only about half the people that should be vaccinated for hpv are vaccinated only about half of americans get vaccinated for the flu and less for shingles some people dont have confidence in the vaccines with he need to make sure women do have confidence in this vaccine if and when we get a coronavirus vaccine. You casually mentioned something you think will will be a resurgence of this in the fall i wonder how prepared are we to be able to track into of those outbreaks as quickly as possible i think we were not prepared the first time around. Better than before. If you look at h 1 n 1 in 2009, it sort of clpsed in july and august, came down sharply. About the last week in august, first week in september, you start to see it pick up and spike again. At that point, we started to have a vaccine this could follow a similar path we shouldnt be lulled into a false sense of security. We need to have screening out in the community. Not just screening for those people that are symptomatic. If you call in and say i have the flu, they are going to say dont come into the office that is going to make it very hard to place the widespread screening. We need to bring screening everywhere every doctors office, employment offices, pharmacies people arent going to want to turnover positive cases in their offices and pharmacies because it means theyll have to under go deep cleaning and quarantines. Everyone should be swabbed in the fall people with a runny nose should be swabbed so we know where this is spreading on that cheery note, scott, thank you. Well talk to you tomorrow thank you andrew more ahead this morning. 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Good morning u. S. Equity futures this morning a little weaker after a strong day yesterday. Yesterday, the dow was up about 1. 5 gain of 361 points. S p was up 48 points to highest level since march 6. Nasdaq was up by about 2 . This morning, dow down 132 points s p down by 16 and nasdaq down by 35. Thanks, becky Airline Stocks getting a list on stocks with demand starting to pick up a little bit southwest and united are up 20 . Today, southwests annual meeting, the ceo could shed some new light. When gary kelly presides over the virtual annual meeting, hes not expected to make any news. That said, you could expect suggestions from Share Holders people could say, look, what is the state of business now . For southwest, they are seeing since the beginning of march, bookings outpacing cancellations. That is encouraging news when you look at southwest specifically, another reason why others have beaten up and theyve come back better than others it has ample liquidity gary kelly said, look, if we need to borrow more, we will it is unimcouplncouple bered wih aircraft probably assuring investors, look, if there is an airline that will come back after covid19, sout