I got some sleep you didnt miss much this last week. Kind of Nothing Happened not really actually. What week so much happened. What week are we in its going to be 52 for 52 at the end of 2020 in terms of crazy weeks. Thats true. S p was almost closing at a high im faking now like you. Im not in new york city do you like my backdrop . What do you think of it . Thats what im saying. You look great you look great you look fabulous. Okay. Is this are you old enough to remember huntly and brinkley what are we . What are we trying to pass our self off as here what do you think . Chancellor and tv people were probably trying all right who knows who knows. Let me tell everybody about the craziness of what happened in yesterdays market because the swings were wild stocks were up, as joe was mentioni mentioning, we flirted with the height of it most of the day but then turned late lower late we closed lower later in the day. At one point we should tell you the s p 500 was within 1 2 a percent from the interday high and ended lower by. 8 of a percent. The other wild swings, tesla announces the fiveforone stock split and the value of the company goes up by 16 billion in the matter of minutes do people not understand that when theres a stock split it doesnt do anything to the underlying business at all anyway, u. S. Equity futures, take a look at where we stand today. Does look like were going to open up higher and well see where we end the day dow up 266 points higher nasdaq up 133 and s p up 23 points higher. Treasury yields, lets show you where it stands right now. On the 10year note, its at. 673. We did back up a little bit but not much joe . Its always been that way, it seems like, andrew, in terms of splits i mean, it does allow smaller investors to get in. Used to be important if you bought 100 shares, round lot. Totally tough now even for berkshire hathaway. In this day and age of robinhood where theyre selling you shares of shares right right. I would have thought the whole idea of stock splits didnt matter. I can understand why it would go up a little bit. 16 billion worth of market value. In this market its 6 or 7 it briefly went up. Where is it now . Up 5. 5 . Then the other reverse splits, you see the same thing happen every time you watch a reverse split happen, they always go down afterwards. People get a chance to go in and sell it. If its a 3 stock, you get to go in and sell it. Reverse 10 to 1. Then its 16 before you look around you know what, andrew, this delay is just a killer, you know what i mean . Were going to be talking over each other, more than we normally do. I guess we just need to should i say out, stop, or something . How do you think we should handle this . What do you think we should do supposedly howard stern had a way that they never talk over each other do you have any ideas for this what are we going to do . Come up with a safe word. Whats our safe word lets make it a clean one just you know look at you. Whats your term . Is that syncoro this morning . What was that what was that other stuff you had . This is coffey. Oh, okay. Thats the other one thats what its called. This happened yesterday, i was watching political story of the morning democratic president ial hopeful joe biden picking Kamala Harris as his running mate fulfilling his pledge to select a female vp candidate and making her the first black woman ever to appear on a major party ticket. In the announcement biden said he was proud of harriss record as californias attorney general when she, in his words, took on the big banks, lifted up working people and protected women and kids from abuse. Biden and harris will make a speaking appearance in delaware this afternoon joes going to be out and about. So that will be something to tune in for. And the moment that sports fans feared arrived yesterday. I can tell you this. I kind of get a sick feeling because you look forward to things like this two of the power five College Athletic conferences announce that theyve postponed fall sports the big ten and the pac12 said they would consider playing fall sports in the spring thats like an obvious jie moron. It is. Them ohio state, michigan. Beckys not here im going to throw in rutgers kind of as tongue in cheek, powerhouse teams and oregon. As of yesterday. The other three Major Conferences were moving forward with plans to play a reduced slate of football games. This means the College Basketball season will be pushed back ive seen cases made, im sure we disagree on this, ive seen cases made the lsu coach and lou holtz and others, they tested a lot of notre dame players, they got 1 3 of 1 or something there are people that say in the program they can these kids will be, you know, around. Not in the program, theyre going to be out and about. Right. We know what kids like to do in college. Yeah. I dont know if it really and then theres so much money involved that goes to good use at a lot of colleges, not just for the Football Program but for other programs then my own selfish, you know, reasons for just i mean, we miss it. I dont know how its going to work i think the sec is still going to play, the acc, theres still going to be its so weird right. The cardinals when do the cardinals finish playing all these games . Seven inning games yeah we may not be on the other side of this im not sure im not actually sure what the answer is. We had the president of cornell on and a couple other University Presence allowing them to test might be better. I dont know either its going to work or its going to be the marlins, right . I dont know right i loved her. I loved her when she was on. She was the best thing to come out of cornell ever. I mean, you know, in terms of the management types and stuff. Yeah. Not just in terms of graduates. No, but i thought she was great. I thought she was great. A kids got to go to school, andrew im telling ya, if theyre stuck at home left to their own devices, i mean, they need to socialize. Im feeling ive got grogan here hes no mack his haircut is even funkier i cant get anyone to take a shot at you. Hold on hold on. You have a whole you have a whole staff, is that what youre saying, today . You have a whole team . Just today. All the acoutrements . Just today. Makeup, hair, catering right no, just today. Security . I hope you have security all the paparazzi. You know gunther and freddy if you want to see security they dont like when the camera guys come. They take their you know, take their life into their hands. Anyway, maybe we all can get this russian vaccine are you ready to sign up for that, sorkin lets try it. The market moved on it. Lets try it. Well talk about that. I know. I know well talk about all of this in just a moment. The vp pick, whats happening with covid Everything Else. Dr. Scott gottleib is going to join us right after the break to continue that conversation he had with becky about russias claims of a vaccine. The latest case numbers in the u. S. The plans for opening schools in the fall as joe and i were just talking about. As we head to a break, check out price of gold. Gold plunging yesterday pulling back from fridays highs rising yields over the pandemic and the strengthening dollar well be back right after this what happens when a wireless carrier puts its customers in charge . Well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with Xfinity Mobile. Call, click or visit a store today. An update now on the pandemic in florida officials reporting the deadliest day yet. Seven day average dropped by the 30 . Some Testing Centers were disrupted by hurricane isaias. Did you ever get that, sorkin, isaias looks like isaiah. I made a mess of it every time the current hurricane you know what, we need to call hurricanes something or else you say, the one from february no, it wouldnt be february. No, the one from august of 2011. You really do need to its like i figured its like a band almost like a rock band. If you dont have a what if you just named the four people in the band . Youd never get anything i dont know branding its branding. Like Andrew Ross Sorkin. I hated this one. This one, we had our electricity out for a week, joe, because of this this storm. I know. A week. It moved past i got it back yesterday it moved past where i was we were worried. You never know with these things then it moved right up and then i think it was headed for North Carolina and then i heard what happened here right. And the cleanup that had to be done it was headed right for this part of the east coast new jersey and Everything Else new zealand, andrew, has delayed its general election process after the country reported an outbreak yesterday after 102 days without any local transmission the Prime Minister said she was hoping parliamentary steps that would have led to an election said its single digits. Under 10 officials are investigating the possibility that the cases were imported by freight. Weve had this discussion before about whether salmon or weve had weird i dont know what to believe anymore, andrew i dont know i dont know what i know that social distancing and people that seem to be you know, i have no problem with masks, social distancing i dont know about wiping down the supermarket stuff anymore. Im still doing it, but could it be on there . Do you know . I dont know. This whole freight idea doesnt make sense the idea after a couple hours its supposed to dissipate off of actually a tactile thing makes no sense to me, that thats the reason. I always had wondered the entire time that new zealand had these great numbers whether was that a function that they had missed a couple tests are people not hiding in the shadows but how does this really happen then for it to emerge again given that they have been on this lockdown, how does it happen could it really be imported that way . Thats what china said with the salmon youre right we have a doctor in the house who may be able to shed some light on it. We should also tell you before we talk to him, moderna shares are soaring this morning after President Trump announced this at a News Conference yesterday this evening im pleased to announce that we have reached an agreement with moderna to manufacture and deliver 100 million doses of their Coronavirus Vaccine candidate. The federal government will own these vaccine doses. Were buying them. Recently we also secured partnerships with jonssh Johnso Johnson as well as sanofi and gsx to support the large scale manufacturing of their vaccines. Doing very well on those vaccines tremendous promise in every single one of them, and we have many of them theyre years ahead of schedule. Moderna said the deal is worth 1. 53 billion. Will give the government the option to purchase up to 400 million additional doses joining us to talk about that and so much more, dr. Scott gottleib a cnbc contributor its great to see you, doctor. Thanks for joining us. Joe and i have not had the opportunity to talk to you since we heard about president putins vaccine. Give us the latest on that and the market, as you saw, moved at least in the morning on that news do you have any more confidence than you did yesterday morning about it well, look, i think the vaccines in the equivalent of what we would call a phase 1 study. It looks like its less than format there is some complexity to this vaccine. There are two different adeno complexes. This is the platform being used by johnson johnson, as stra zen anything ka and merck. And theres a lot of complexity to it. If you use a viral vector that isnt attenuated enough that the body recognizes its a virus that its seen before, the body can literally attack the vaccine and render it largely ineffective. Thats whats happening with the chinese vaccine. They use a common virus that a lot of people have been infected with it before a lot of people who have seen that have whether its effective, safe. I dont think its ready for primetime. Its not ready to be put in thousands of patients outside of a carefully controlled Clinical Trial. Were a lot further ahead. We have vaccines in phase 3 studies that have probably already been dosed in thousands of patients. This vaccine is basically leading the equivalent of a phase 1 study right now and what theyre calling the approval we would call a big phase 3 study one of the things were hearing is some of the people that are getting access to this vaccine are not just people who either have it or need it in this in the moment but senior officials, if you will, and other elites in the country are taking this. By the way, also told that there may be a booster involved in it. How do you think about that . Well, we wouldnt that wouldnt fly here. There are strict regulations around who can get access to an experimental product the adeno viral products require a second dose. It doesnt surprise me this might also require a second dose part of the reporting was they were going to make this available under what theyre calling the approval to certain higher risk individuals like front line responders. Thats something that you could potentially see the United States do once we have more data around large phase 3 trials. There might be early authorization if theres an indication that theyre safe and effective for certain Higher Risk Groups. If we did that and issue an emergency use authorization, that would, again, be in the context of some kind of Data Collection probably a large registry where you would make it available to a Higher Risk Group to provide some benefit you would still be collecting information. Typically when you have a vaccine trial in the United States, what you do is you have a component of the trial thats a randomized placebo control trial where you have an active control. Thats whats underway with the 30,000 patient trials. Alongside that you might have an open registry where you give the vaccine to tens of thousands more people not in an oversized data sense get more safety data we didnt do that here were just doing the ram come toized portion if they were made available earlier, its possible they could be made available under an emergency use authorization. We have more data showing theyre safe and effective in a large registry to hopefully provide a treatment benefit. Scott, i dont want to get too in the weeds here. Adeno virus is a dna virus, is it not no, its a viral vector being used to deliver the gene sequence that codes i understand that but the adeno virus itself, are they putting a little stretch of the coronavirus spike protein nucleic acids into the adeno virus and then its expressed once it goes in and is that how its working yes the dna virus is like injecting the naked dna similar to an rna virus. Theres a couple of dna viruses in development but theyre early stage. No, i know. You would have to somehow since coronavirus is a is an mrna virus, im wondering they must have had to reverse engineer it. It just sounds dangerous to me that you dont know exactly what you youve spliced into it whats the big down side to what could happen if the vaccine itself is attacked by the immune system, thats one thing could it be could you have a hyper immune system from this if it and cause your own si cytokine storm or could it somehow go into the actual dna of a patient and, you know, cause some kind of problem there . Because id rather just have a little stretch messenger rna like the moderna. Here you could have gotten the epitope wrong. That will elicit some of the things were seeing with coronavirus. You have to make the viral vector nonreplicating if you got that wrong, you have a replicating viral vector its possible you could actually make people sick with the viral vector now presumably theyre using adeno virus that wouldnt make people very sick, but anything if you give it in a high enough dose. Talk about russia here. I figure, you know, it just you know, dont watch that will smith movie, i am legend. Should we be are Football Players safer to be in the program . Are they safer not being do you agree with the pac12 and the big ten at this point or its just a gray area . Oh, i think its a gray i think its hard to say whether people are safer there because we conduct other tests clejts are getting people on campus and creating a bubble i think there was an opportunity to do that here. Obviously a sports team and the locker room, theres an environment where you could have large outbreaks, people are in close proximity. You can test people regularly and you try to get compliance around choels on them. I think it was possible it restart the teams. In doing that, youre going to be diverting a lot of resources, testing resources away from a lot of uses into football and thats where you have to make a judgment and say i think its an appropriate thing to do. From a society standpoint its necessary to start these games you could make that argument i wouldnt second guess the decision they made i think there was a chance to do this reasonably safely. Doctor, two other real quick questions. One, new zealand, joe and i were just talking about it. Their numbers have been so good for what seemed like so long and then all of a sudden now it appears that theres a hot spot of a family. The country making some kind of claim that it might have come from freight as opposed to, you know, Community Transmission maybe its Community Transmission thats an argument china made around salmon being imported does that make sense to you . I find it hard to believe with an Infectious Disease like this, its not hard to get it imported into a country. Its possible it was circulating at a very low level and now its being manifest but you could have a change of propagation that are mild, asymptomatic before you start to discover symptomatic cases. I find it hard to believe that it came in on some inanimate object or some kind of food source final question for you. Youve seen debates around the country with teachers unions right now about whether they should go back or whether they shouldnt. Theres been a lot of push back. If you were negotiating with teachers unions, what would you be telling snem even if you were advising them. Well, i think the teachers have reasonable concerns