Community pushed back. Call this a red carpet alert the first one in months as movie theaters continue to reopen. And later, more than 800 return on a 400,000 investment it has nothing to do with the stock marketment all of that ahead on this monday, august 24th and this is Worldwide Exchange right here on cnbc. We are ready to play. Brian sullivan good to see you on this very busy monday morning. Thanks for joining us. Theyre setting up their day and their week and they are setting it up strong or on that big graphic right in front of your face stock futures are solidly higher dow futures up 215 points right now. Overall you know the headlines they say stocks keep going up. Thats only half true. Big cap tech keeps going up. The only sector to close those stocks as we well know by now are so big look no further than apple apple ending last week up 8 taking it along for the ride but the majority of the market is actually going down last week but when you got the biggest of the big going up it doesnt matter powers the indexes higher. Well talk more about that in a couple of minutes here the bond market is not moving. The ten year yield trying to move around last week and it stands right now at. 64 around the world you have green arrows in asia overnight a mixed picture in europes early trading. Its actually not mixed at all in fact, its solidly higher i stand corrected. Germany, the u. K. And france all up more than 2 . The asian markets powering higher as well remembering its not just our fed that has been contributing a lot of money in stimulus u. S. Central banks around the world cutting rates. Many are negative and throwing a lot of money at the market and its paying off on this monday we have big news from washington and the fight against the covid19 pandemic. Bertha is following that story and much more for you on this monday morning good morning. Good morning, brian thats right the fda authorized emergency use of convalescent plaza for covid19 those that received it from recovered patients within three days of diagnosis, they benefit the most from the treatment. The news coming as the president reportedly waves granting Coronavirus Vaccine approval before a phase 3 Clinical Trial even as early as next month. Theyre reporting the vaccine being developed by oxford and astrazeneca is the front runner for possible approval. Outside of the pandemic, the wall street journal reporting it was Facebooks Zuckerberg that stoked fears about tick to be. The Chinese Owned Company does not share facebooks commitment to freedom of expression and represents the risk to technological supremacy. Interesting move if true lets get down to this. Stocks rallied on the close. The s p 500 ended at another record high. The index posting its 4th straight week of gains but keep this in mind, the breath of the market, how many stocks are going up versus how many are going down has grown more narrow and more negative as of late in fact, despite the macroheadlines, 70 of the s p 500 actually declined last week. But does it matter well talk more about this and more with the chief Market Strategist victoria, good to see you on this monday. It is a good question. The headlines say the markets are going up most stocks are actually going down in the last few sessions. What do you make of it its as you mentioned earlier. We have this hand full of stocks driving the market at this point in time and the problem is that thats not going to stop i know that everyone is looking at the numbers that youre talking about. Theyre looking at all the rest of the stocks in the indices and wondering when theyre going to catch up but as long as were in this same situation that we have been in. As long as we still are having shutdowns across the country, as long as were still not having people go back to it this month youll continue to be higher they change the way they interact as well and well continue to see that but its an opportunity to trend some of the names you have on the portfolio and look at the rest of the names lagging behind and build more of a bar bell approach within your portfolio. All right im looking at you say youre trimming some of your Technology Holdings and buying some of your staples there, victoria, what have you been trimming and why are you buying a spice maker by mccormick. You mentioned apple were trending apple and some of our microsoft names. Were still overweight tech as a whole. So trim some of that and take a little bit off the table. All right taking a couple of hits on your feed they going to call you on the telephone. So well get a phone interview right after the break. When we come back, the latest on the twin storms bearing down where victoria is. She is in houston and texas and the gulf of mexico region there right on target. Something could happen that has only happened a couple of times in more than 100 years with the weather. Well tell you what that is and the risk to the oil and gas business plus much more on the president s Coronavirus Vaccine before november and how politics, yeah, politics, may be playing a role and later, would you go to the movies right now theyll tell you how its going in cities that are reopening dow futures up 201 were back after this. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. Lets get more now on the serious situation impacting millions of people in the gulf of mexico. Tearing through the caribbean over the weekend now marco briefly became a hurricane with sustained winds of 75 Miles Per Hour before being downgraded to a Tropical Storm laura is bigger and expected to become a hurricane before making landfall in texas or louisiana on thursday. Theres the track but it has been very fluid. Right in the path of the twin storms about 44 of all u. S. Oil Refining Capacity that includes 50 if the storm moves less. Also 15 of daily us. Oil production. This will only be the third time that two Tropical Storms were in the gulf of mexico at the same time the last time was 1933 and 1959. Much more on that story throughout the morning as well oil is not moving that much right now. How come number one inventories do remain high enough and demand expected to drop by as much or more as any production comes off line because folks will stay home and likely to shutdown largely for a couple of days w wti crude up just 36 right now you are a houston resident by the way. What are you hearing is the possible impact on the oil and Gas Infrastructure where you live you have not one but two storms barrelling in. Absolutely. Its unprecedented for us. And obviously they take the precautions they need to take bringing the people in from offshore it could be a big hit for us we looked at the last one that came in. That didnt do such damage because we didnt have as strong of a wind as we could with these two storms these are going up to hurricane status storms so we have to be prepared the key is that the demand is lower because of covid so that might help support the price of oil as we go through the storms and everyone is getting ready for the worst case scenario. I watched the refineries take on water and i was shocked at how fast everything drained out. You had 6 feet of water on some of the highways. A couple of days later the water receded and everybody is back up to business. I think we learned a lesson. On that note, victoria, you mentioned that you were trimming an apple and buying a Spice Company like mccormick have you dipped your toes in the investment waters of oil and gas at all we have not thats still an area that needs to make a little bit more progress what were doing is instead of looking at utility name, thats an area when you look at some of the components that are coming into the market. Because of the fact that here we are 100 degrees in houston and we think maybe more utilities instead of oil and gas at this time. Yeah, you and everybody else still not investing in the oil and gas track as were seeing pictures and animations of the storms so 2020 just hasnt been bad enough, now we have to deal with two storms in the gulf of mexico stay home. Stay safe this time for a multitude ofreasons. Thanks for joining us on cnbc. Thanks, brian all right take care. All right. On deck, the numbers are in for the first hollywood movie in months to come out in theaters well check in with one theater ryarmeor that had to make so ve hd decisions. Stick around the nasdaq up 115 points right now. So anybody out there waiting for this market to maybe rollover, well, today looks like its not going to be your day record gains powering likely more record gains. One of the strongest mashltrkete have seen in a long time we continue to track the path forward they reopened their doors in some areas with a rare commodity. A new hollywood movie. Its called unhinged starring russell crow and brought in 4 million. A success by some measures but it remains unclear if audiences are ready to leave their home and sit in a room for a couple of hours with a bunch of strangers. According to a survey, only around 17 of consumers feel comfortable going to the movies right now. 25 theaters across six states. Only three of which are operational over the past weekend. Good to check with you again im sure that you have a hollywood movie. A couple of theaters open in colorado and virginia. One in connecticut as well how did they do . Well, they did pretty well considering this time of the year in august is go away time so its normally pretty slow i was encouraged we did very well with it considering and also the weather was beautiful in the northeast and colorado where we have our lonely theater out there in connecticut i spent the weekend at the theater talking to people asking the very question what made you comfortable enough to come back and they said that they heard about our nationwide protocols issued by the National Association of theater owners and they felt some assurance that it would be safe to go to the movies in connecticut i had people coming from new york new jersey, long island, it was pretty interesting. Im sure that they were all or at least the ones you were at were masked up they seemed to be enjoying themselves were they able to do it even with the masks on . They did. When youre sitting you can take your mask off. Theres nobody around them within a radius of six feet so i think everybody was very comfortable and i heard some comments that they just felt very safe and thanked us for providing the experience again everybody is going to be looking at this movie as a benchmark. When i watched the trailer last night. To be perfectly blunt i had never heard of it. Maybe not the right movie at the right time i think that somebody had to go first and im very thankful that an upstart studio that released unhinged was the first. It was very brave of them to do without having the number one and number two markets open. Its very tough for a movie to release. Well see what happens the big test is going to be over labor day with the movie tenant. Yeah, that one a much, much larger release probably much more of a test what about the status of your other theaters what are you hearing from state governments . In new jersey the restaurants are giving no guidance about when you can actually dine in. Are you getting guidance from governors in states where you are not allowed to reopen . Unfortunately, no new york, new jersey, maryland remain strong holds in keeping theaters closed. I am the president of new york state and we have been working very hard with the governments office, the budget director to try to get guidelines and get theaters in new york and l. A. Open basically, i fear that the rest of the film releases are going to fall off the calendar and get pushed either later into the year or next year even worse. Why cant they give you an answer has anybody says heres what were waiting for . Here are the numbers thats what is confusing Restaurant Owners that i talk to in new jersey are not getting any guidance they dont have any idea what the metrics are that are supposed to occur for them to be able to reopen everyone says were consulting with health pexperts. Well, of course you are but have you been given any guidance about what we need to see to get back open . It has to be incredibly frustrating. Not at all. We had an interesting dialogue back and forth early on in april, may and june and once announced they would be part of reopening we heard nothing and we have been lobbying to try to get assistance from the governor and also we had a failed attempt at a lawsuit in new jersey the judge didnt want to rule against the governor in the time of the pandemic to get theaters reopened and maryland, hopefully maryland and new york well get some action this coming week businesses just need guidance thank you for joining us once again here on Worldwide Exchange we appreciate it. Thank you all right still ahead, were going to speak with one long time apple stock bull with maybe even another reason to love that name as it has a more than 2 trillion market cap. Plus, from a reporter 400,000 to a confirmed 4 million. The return one trader got on a key investment and were not talking about tesla orbit coin, were back dow futures up 201 hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. Some critics try foul over the move with weeks until the election and the gulf coast bracing for a potential 12 punch as two storms head for the shore. The potential impact they could have on the oil and gas industry its monday, august 24th, this is Worldwide Exchange right here on cnbc. Welcome back and good monday morning everybody. And if you thought the record highs might teeter out over the weekend you have to think again. Markets continue to rise and dow futures indicating that will only continue today. Its been a long time to say that nasdaq futures had an implied open over 100 points thats what is happening right now. All the major indian dexes looko open up higher now the macro headlines say stocks keep going up thats only half true. Big Cap Technology in certain parts of health care, they keep going up in fact, big cap tech really the only major sector to close at a record high on friday closed look no further than apple as an example. Last weekend ending up 8 and internally in the market i know theyll probably hit on this all day, 70 70 of s p 500 stocks actually finished last week down in other words what they called the breath of the market its not that good well ask that question in a couple of minutes. Just keep in mind that fewer and fewer stocks are making gains, even as the market is making records. Now to the latest on the coronavirus outbreak the Trump Administration saying the fda granted emergency authorization for the use of a convalescent plaza to treat hospitalized patients. It uses blood recovered from virus patients that built antibodies against it. However some of the nations Top Health Officials are expressing concerns over some of the data surrounding this potential treatment. Now in the meantime, a new report suggests that the white house considering fast tracking an experimental vaccine developed by astrazeneca in oxford within a few weeks. We spoke to their lead scientist a couple of weeks ago on the program. All of that could be done before the november election. Theres a lot to discuss lets get right now with aman to kick it off here on this Plasma Treatment and expected vaccine. This is an emergency use authorization. Thats a lower standard of approval than full fda approval and it requires a lower bar of evidence it requires them to conclude that the known benefits out weigh the known draw backs from the particular treatment and as you say, this is convalescent plaza which is taking blood plaza from patients that already had covid19 and infusing it into those that are suffering with it and the hope is the antibodies in the plasma will help jump start it its not entirely proven just yet but the president says this is all part of an effort to clear away some of the regulatory underbrush and get moving heres what he said last night at the white house were removing unnecessary barriers and delays. Not by cutting corners but by martalling the federal government we tested the efficacy of plasm for patients with the virus. This comes after a couple of unusual days here with the president engaged in a very public twitter spat with the fda itself saying that theres people inside of the fda he called them members of the deep state that are campaigning against him and trying to delay treatments or vaccines until after the election the president harshly critical of his own Health Officials there over the weekend but then last night praising the fda for taking this step on moving forward on the convalescent piece of all of this controversy there. Not all scientists and not all people in the Scientific Community are convinced this is the right treatment but the president is pushing forward anyway all right so that would be a treatment talk to us more about this potential vaccine. We spoke with the lead scientist at oxford a couple of weeks ago right here on this program it looks very promising. Astrazeneca. Oxford university. Is there a likelihood this could be given fast track approval before the election . I think there is. And you can see this report from the Financial Times over the weekend suggesting that the president might be ready to move forward with another emergency use authorization on that vaccine from astrazeneca the president is clearly here pushing to get something done before the election. He has put out the time frame on twitter as the one he is concerned about. The president feels a lot of political and Health Reasons to push as fast as the science can deliver. Thank you ve