Gain of more than 500 points the day before that and right now dow futures indicated up another 113 points this comes after the dow closed at its highest level in a month yesterday. Oil prices picking up by about 3 more of a supply picture but the s p 500 indicated up by about 13, nasdaq up by 31. And treasureky my market, te yielding 0. 765 . Andrew lets talk about stimulus this morning because house he Speaker Nancy Pelosi and treasury secretary Steven Mnuchin spoke about a broad stimulus plan yesterday and Speakers Office says that the treasury secretary made it clear that President Trump had interest now in finding an agreement on a comprehensive relief plan, that conflicted with comments from the White House Communications director who said that the white house wants to address stimulus checks, Small Business loans and the airline, but not anticipating a larger package. Nancy pelosi said that the white house is open to something bigger but not on the scale that democrats have proposed. So a little bit of finger pointing back and forth about what is really at play here. Some other reports suggesting that trump really does want a bigger plan. So i dont know. To believe. Do you believe that the president saw the market fall and then decided to change his mind or do you think that he knew the market was going to fall and was hoping to use that and say look what will happen if we dont do this i think everything he does hassomething to do with an end game, at least that is what he is thinking. And when he said that the other night, i think that he was mad, he said okay, fine, go away. But i dont think at the time that he said it is off, that he didnt really think that it was going to come back on. Be good for everyone and then on the other side, you know, it takes two to not tango. And on the other side, i think nancy pelosi may not give him a deal before the election so there is gamesmanship and politicking on both sides. Which shocked that there is gambling in casablanca yeah, 26 days before the election you think about how high of a bar it would be to get over in normal times but given this run up to the election and given the huge angst on both side, again, id be shocked if they could actually get something through before the election. On brians show before, i mean, we ran some sound from leader mcconnell and i mean, our debt is as big as our gdp. Hasnt been that way many times. First time since world war ii in other countries where that happens, sometimes bad things happen hopefully were not like that and our dollar were fortunate to have such a great ability as the currency of the world to do things but you dont want to be stick on things that dont really have to come with covid i can look at both sides that try to tack things on that are frif ro frivolous. Yeah, i just said in general you dont want to. And the other thing is, when you hear from jay powell, the chairman of the fed, when you hear from him that okay, we could overdo it, but it will help us get back on track he really did say that. He did. We may do way too much, but it will do some good somewhere but i think that is the general feeling. People say that well get back to growth more quickly even if you overdo it. Doesnt sound like a real hawkish you know, probably trump loves him now. Doesnt sound like a real hawkish fed chairman to say, oh, yeah, a trillion here or there but when you consider what has happened it is unclear look, here is the conundrum being hawkish now is probably the worst time to be hawkish i think that we learned that in the financial crisis and i also think that americans look at this and say yes,blplant people need the money. And so yes, there is politics and question shouldnt we shouldnt be shocked, but i dont want to let the viewerer think that somehow this is okay. Being hawkish now is the worst thing now except for the airlines and shareholders. You go from lets throw everything at it and suddenly you are andrew the capitalist. Oh, my god, the private sector will be bailed out by right that is the one time that it is that baby in first class. You dont want one day we should do it, i should play jon fortt and do one hand and the other hand pchb i think that i have a Better Airline than most Airline Executives telling us why they should get this money. One day ill have to do that the explanation they give the American Public i think is a terrible explanation and there are better ones and there are targeted ways to do this there it is, on the other hand so you have the right answer but youre not telling everyone. You are a sociopath. I can argue both sides too you know guys, ill tell you something that i dont usually get excited about mergers, but well talk about it in a seconded, first well talk about President Trump, but becky, when you do this amd story, ive got some details about i mean amd, guys, amd, do you know how long i was a stockbroker in 1982 amd also ran of alltime, it goes between 10 and 1 and 10 and 1 and 10 and and it never really got much traction against intel. It is 100 billion company now and it is buying xilinx. Amd was back to its old self of. It was guess what the low was in it 2016 it is 100 now guess what the low was in 2016 what . 1. 81 wow so it was a 2 billion company, just a couple years ago well, i mean that is a lifetime i mean how long is 2020, like eight years ir, right . So lets call it 12 years ago. But no, really, for you years ago in 2016, it was 1. 81. There we go. Bec becky, go ahead. Xilinx now 25 billion so that is only double whereas amd is up 50 times in value. Unless my math is to give you the back story on this, amd is in advanced talks to buy its rivye xilinx. And walling street journal reports that the deal would be valued at more than 30 billion and come together as soon as next week. Xilinx chips are used in Wireless Communications and data centers and the company suffered from the Trump Administration limits on shipments allowed to be sent to huawei. Those shipments to huawei accounted for about 7 of xilinxs revenue before this and amd stock has been on a tear this year. Take a look, it is up 89 with its market cap as joe mentioned now close to 100 billion. 96. 9 billion there. Well see where this goes. And that is a huge deal and joe, youre right, watching that stock over the year, watching to try to challenge intel yeah, it was sad. And people recommended it and id be like amd ive seen it so many times go between and then xilinx, you remember that from the old squawk box what we used to say . You know what they make, right field programmable gatorade. That is where one guy likes grape, one guy likes lemonade. So you are on the field, you go over to the thing like one of the machines at wendys it is field programmable gatearaise which are chips but we used that joke so many times. But this is the old altera i think altera is gone too anyway, i got really excited about this deal because amd finally made it. Now they can buy a 30 billion company. Used to be worth 2 billion or 3 billion so as excited as you about a merger and youre the excited one sorkin usually about merger, but youre bored with this you know, i feel like there are certain deals that are Game Changing i dont know if this is this may be Game Changing for amd i dont know if it reshapes the industry anymore at least if you had bought amd at 1. 81 yes, youd be very excited. And another deal to tell you about this morning we can decide how exciting or not this one is. The London Stock Exchange agreed to sell milans borsa to eurone euronext so i dont know if that one is nearly as there is no great joke in that one i dont know if weve been joking will the lsd for a long time so worth twice as much. If you had told me that, i would have said no way or almost worth as much as ibm wouldnt have believed that. But the world keeps changing, you know, in spite of this was a big sought after deal there were a lot of people going after this and who were interested looking at the bids prelts closeclos pretty closely so decent premium on this. And it is a pandemic stock, amd, too, i guess, with everybody staying athome, demand for chips for everything that we do at home and also a china story. They are being opportunistic and taking advantage of the idea that xilinx has been hurt. Amds improved fortune over the last year, up 90 due to demand for that. Sure. And you cant get computers, you know, they are backlogged still for all the schools and kids and families ordering these things so not going away anytime soon that demand. All right, folks, when we come back, well talk about promising signs for therapeutic treatments for coronavirus but do better Treatment Options signal a catalyst for investors to jump into the recovery stocks and later, ceo of gilead will joins how remdesivir cuts Recovery Time by five days stock slices. For as little as 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies for 50 instead of paying thousands. All Commission Free online. Schwab stock slices an easy way to start investing or to give the gift of stock ownership. Schwab. Own your tomorrow. Shares of diagnostics jumping after they have clearance for a test that can distinguish between the coronavirus and the flu. It uses a nasal swab to collect samples and provides results in less than two hours. Market cap just a little over 1 billion. So obviously a small cap but up about 16 today i hear that nasal im seeing too many of the videos of that i think that id rather just take some blood rather than what they do with really . It looks like that they are taking a sample of your frontal lobe do you know how painful that is . I mean doesnt that look yeah, but not all of them are as deep as that. I think that they have gotten better with not needing to go quite as deep for some of the swabs. But i was thinking this test came along just in the nick of time because this can distinguish between the flu and coronavirus right as were getting into the potential for threw season and that will be really important if you can turn that around in a couple hours and know if you have the symptoms, that could keep schools from having to close and keep workplaces open too. And how often with that flu do you feel that little fire requi fi fever require you think you might and i may have just done something, like walk up some steps or something and im writing myself off like i got it it is like the slightest thing so this test is important this is a big one. Being able to distinguish this as we head in to the season is pretty important i was very relieved to hear that ive taken my temperature 100 times. Have you guys in the last month i cant break 98. You got to take the kids temperature every day before you can send them to school, so were taking temperatures multiple times a day have you broobroken hav have . 97 a lot. I cant break 98. I run hot i went to a doctor yesterday, not because i was ill at all, just and they take your temperature to go in and i jogged there thinking that there will be a problem because i was jogging. But i was still 97 so who knows yeah, 97 is a good number in the meantime, the coronavirus continues to dominate headlines as well as the markets. Take a look at shares of regener regeneron, the company requested for emergency use approval for antibody treatment is the potential for a therapeutic a good enough signal for investors to jump into the broader markets and if so, what should you be buying joining us is greg branch and also sarah keterror. G greg, i know you look at this as buckets of stocks what do you put in those buck be kets and which ones would be something that you would actually dabble in right now right so were talking about the general market the bucket that im most attracted to are stocks poised for Significant Growth in 2021 provided we have a vaccine and therapeutic treatments stocks that not only exhibit trichblg earnitriple digit earn growth and also attractive to the valuation. And you can get it with a healthy dividend so id be looking at financials which are trading at a discount to their history, id be looking at certain segments of consumer discreti discretionary, gaming foekts where the names that are referred to asia will swing from a negative this year to over 3 in profit. And the dividend of 3 or more next year. And so i do think that there are some on th some areas provide that had well have a vaccine in the First Quarter and return to some semblance of normalcy next year. Sarah, when i think about what to be buying, i know he youve looked at some things undervalued. We are talking about the dow less than 5 from its alltime high, new highs set by the s p 500 and nasdaq multiple times this year, but it really doesnt tell the overall story of the markets. If you look at the faang stocks, they are up almost 40 for the year 490 of the other stock, only up by about 1 . So when you start digging through this, what is it that you like, what would you be attracted to and is this a buying signal now . The market concentration is very specific to the u. S. Market and interestingly the emerging markets where some chinese enter suns internet stocks have moved on. So not just a stock specific recommendation, but we think of this as geographic globally were interested in europe there are a number of Companies Listed there that have hardly moved. In fact there are many that are down double digit percentage teens year to date so for the u. S. Investor sounds shockingly awful, but these stocks are very representative of what happens in the world of cyclicality when the market anticipates recession. But were now using with vk scenes in the first half of next year and an end to this pandemic were moving to an environment where both consumers and businesses will be much more confident and as a result, the market will begin to anticipat recovery and the stocks that are most geared to that are definitely in the cyclical categories greg, you said assuming that there is a vaccine in the First Quarter of next year is that your assumption and do you think that is a reasonable assumption and when you say that, does that mean that there is a vaccine as in one is approved or is that an assumption that you believe one is at scale . Because i think that the new conventional wisdom is that maybe something happens in the first or Second Quarter in terms of approval, but in terms of scale unfortunately i think that were now talking about next summer and some people are even talking about next fall. And that is a great distinct. From the vaccine perspective, well likely be capacity constrained next year even if we start ramping up in the First Quarter. So that is where the therapeutics come into play as well and as long as we have therapeutic treatments, which dont provide for long lasting immunity, but does in fact treat and decrease the symptoms, as long as we have a vaccine that is available regardless of whether or not we have the quantities necessary to bring herd immunity about, it still provides a signal to the economy, a signal to the markets that we are headed in a trajectory toward normalcy, that we are headed in a trajectory where we will no longer have 30 Million People receiving some form of an Employment Benefit be that state or federal. So im not sure that we have to achieve that as much as we have to signal to the market that were on that path but greg, the piece i dont understand about that, even if you announce that it is approved, if they are not available until lets say next summer or fall and god hope us that it happens sooner, it is not that restaurants will somehow be able to go from 50 or 25 capacity to 100 capacity you will be waiting the 6 or 8 months and some businesses will still struggle to even stay in business that is a very fair point but what weve noticed over the last six months is that there can be a departure between what is happening in the economy and what is happening in the market. And so while i agree that it doesnt necessarily mean that restaurants and hotels will be full capacity, it will send a very powerful signal to the market that it is safe to engage, it is safe to start looking at things again, because were on a pathway and were merely capacity constrained. But once we have something that works, we know were on that pathway. Markets are forward looking sarah, you can tell us more about the stocks in europe that you think will be the ones that take off most hard hit in the pandemic have been the aviation and ar w Aerospace Stocks sends shutters down the spine of most people, but think about it, you could get airbus for one of the lowest valuations weve seen in a decade at least and now airbus is the Worlds Largest commercial aircraft manufacturer they are a duopolduopoly, so une find some other way to transport ourselves, this is a very attractive business. And also in the industrial catego category spinning off their industrial business. And if you want very deeply undervalued, look at the banks ive been talking about them on your show for at least a year. And they get cheaper and cheaper. Trading below where they did in the globe am financial crisis but yet three times the level of capital. You get the bank for free. And maybe this isnt fun to talk about, but the undervaluation is so compelling, it just has to get better and we think that and i agree with gregory that therapies will be a bridge to vaccines and we have so many Different Technology platforms for vaccines, that increases the likelihood of one or more of them being very successful sarah and greg, thank you for your time. Good to see you both when we come back, a setback for the nfl, more games delayed after two teams reported positive covid tests this week well bring you the latest and as we head to the break, take a look at the biggest pl premarket gainers, why exelon is getting a boost ah come on lets hide in the attic. No. In the basement. Why cant we just get in the running car . Are you crazy . Lets hide behind the chainsaws. Smart. Yeah. Ok. If youre in a horror movie, you make poor decisions. Its what you do. This was a good idea. Shhhh. Im being q