But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and well have a lot more on that as well on the data front, the latest inflation numbers. Cpi tomorrow and cpi wednesday jobless claims and prices due on thursday and retail sales for september are due on friday and then tomorrow kicks off a huge earnings season ahead. Well hear from the big bank as you know j and j and also two Major Airlines and a busy week for politics the Supreme Court confirmation hearing for Amy Coney Barrett begins today and President Trump saying he is planning to head to florida for Campaign Rally his first time back on the campaign trail since testing positive for covid19. The president s doctor saying over the weekend in a memo, on saturday, that hes no longer considered a transmission risk to others. So a lot, a lot, a lot going on this morning kind of fits with the par par for the course with what we have seen lately House Democrats and Senate Republicans express opposition to President Trumps latest stimulus offer over the weekend. The new offer is 1. 8 trillion thats nearly double the original proposal from republicans from late summer but about 400 billion short of the bill passed by the House Democrats. Speaking yesterday on cnn, white house economic adviser larry kudlow said if we could get this thing settled on the democrat side, we will get it settled on the republican side. Well hear from republican senator kevin cramer he will be joining us coming up at 8 00 a. M. Eastern time. Joe. Thanks, becky a lot of sports yesterday. This is one aspect of it the Los Angeles Lakers leaving the nba bubble with a trophy the lakers won the 2020 nba championship, last nights game six over the miami heat. Its the teams first title since 2010 and the 17th total championship which ties the celtics for the most of any team and lebron james became the fourth player in history to win a championship now with three different teams. Later this hour were going to talk about the lackluster tv ratings for the sports restart and whats been keeping viewers from tuning in it was a plethora yesterday of things to watch. We had the rays, the Tampa Bay Rays playing houston i lost money there but i did make a little on the first, because houston scored first i managed to lose money, even betting on the lakers. How did you do that because i had the over. The over was stupid. Have you not learned your lesson yet dummy. When you bet 5 and you pick the team to win yeah, but dont do the overunder. Then if you bet on the lakers you put 5 down you could win 8 so if you bet on the over so the last game, the last game a couple of days ago they, i mean, it was like 230 points or something. Last night im like and i watched the first i guess i watched about the first half and its like, okay, the lakers defense, they really ramped it up and its like, you guys were you were so good you know, jimmy butler, whats going on, and then last night the lakers just really smotherred them. I dont think they got to 200 points, much less 215. Im okay i did okay with what else oh. Im going to sound like a total addict i did have money on who would score first and the lakers, they win the tip almost every single time andrew doesnt want to hear any of this. Hes so bored already. Anyway, they win the tip they win the tip the first time a lot of times they throw a clunker up but this time perfect. That was okay. Anyway, the nobel prize, even though there isnt one for economic, its different but they still give one out. Its been awarded to a couple of m. I. T. Guys. Anyway, for improvements and inventions of new auction formats. Its not what you think, its to try to help inequality its different the Committee Said the discoveries benefits sellers, buyers and taxpayers around the world in terms of Economic Activity i dont know how you pick something in economics every year thats worthy, really, of the nobel prize. It seems hard. I dont know im not sure how high the bar is at this point. It goes back a lot of years. Its a dismal sign anyway, right . Whats that . Its interesting, though. Its interesting it is. An awful lot of talking about economics. Well, its interesting in how its going to move the world, its Behavioral Sciences sometimes. Yeah. Its just weird that 180 degree viewpoints can both win a nobel prize because neither one of them are right or wrong ever. Yeah, liberal arts. Right right all right guys, when we come back, a warning from the ceo of regeneron taking on cbss face the nation he says theres not enough of the experimental antibody cocktail that President Trump received to treat the Many Americans that may need it dr. Scott gotlieb will weigh in next this is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Welcome back to squawk box this morning President Trump announced he has immunity from covid19 following a battle with the virus the past week we want to bring in our guest this morning, former fda commissioner and cnbc contributor and serves on the board of alumina and pfizer. We got to talk about the president s new covidfree diagnosis and also regeneron and testing news that came up over the weekend. Lest start with the president , though he does plan to get back on the campaign trail is that advisable . It depends on how hes feeling. It really comes down to his health with respect to whether or not hes contagious, hes probably not. Hes more than ten days out from the on set of symptoms hes been fever free for well more than 24 hours they did an interesting test which is a test for an intermediate form of the viral genetic material that you only get typically when the virus is replicating. So theyre giving that out to suggest that the virus is no longer replicating its not live virus. He will continue to shed virus for a long period of time. But what theyre shedding typically is dead virus. Virus that cant infect other individuals. Its something that they might have pulled that they would have pulled that on saturday and you wouldnt get that back maybe until monday and tuesday so they might well have done that test. You have to do it in a Specialized Lab but given that its the president of the United States, they might have done that test. Also want to talk to you about regeneron. One of the drugs he took that he argued really turned his own situation around regeneron and how quickly regeneron is going to be available at mass, at scale. Saying its not going to be at scale for quite sometime what has to happen or what could happen to actually get a drug like that or the eli lily drug at scale. They have gone to Great Lengths to try to free up manufacturing to reduce these drugs to a significant scale regeneron will have 300,000. They freed up their domestic manufacturing facilities move some of the products here in the u. S. Outside of the u. S. To get the extra Production Capacity theyre both biologic products so theyll burn down perhaps some of their products as they transition their products out of the u. S. Facilities in european facilities to free up that capacity so it was an extraordinary effort on the part of both companies. What would have had to happen is in april and may and we talked about on this show many times, they need to step in and pay existing manufacturers to also move their products out there to free up that capacity. That never happened and so were only dependent upon the manufacturing capacity that regeneron and eli lily were not able to free up. Just to treat the population, the currently indicated population of high risk individuals based on the current infection rate so we know infection rates are going to go up youd like to expand use of these products if demonstrated face and effective we will have to ration these drugs. So youre, but your estimate is 400,000 a month and the question is do you see a date at which theyll be producing 400,000 a month . I havent heard any numbers that even come close to that. So theyll produce 1. 3 million between now and the end of the year between them so theyll fall short probably of that. Remember my estimates are based on the current epidemic. The epidemic is increasing in this country if we end up heading a lot more cases heading into the fall and the winter, which i fear we will, there will be supply c constrain constraints. Treating those above 65 and those with conditions that put them at a bad outcome, they wouldnt have enough theres no way to have enough. We would have had to make these decisions in april and may there were a lot of discussions. It just didnt happen. Whatever we do now is going to sure up the supply for 2021 but were locked in where we are it takes a long time to convert a manufacturing facility to produce a new biologic you have to leave a lot of lead time scott, there was some news over the weekend coming out of the World Health Organization where they were announcing that they tell governments they should not be using lock downs as their primary means of trying to deal with the virus that there had been too many problems from it and especially devastating for the most vulnerable communities and the poorest communities. I saw it characterized as a flip flop what are your thoughts on this what do you think . I dont think its a flip flop i think we were in a difficult position back in april and may because we didnt know where the virus had been spreading here in the United States. We didnt have any diagnostic tests deployed and we thought a lot of other cities would be devastated the way new york was and we implemented a stay at home order when we could have done it much more effectively. Now we do have diagnostics deployed and i think well be able to fine tune our response much better as this epidemic starts to infect certain regions of the country but other regions of the country maybe arent so effective and more targeted intervention like tracking and tracing can still work in a lot of parts of the country. So i think the idea that were going to do a National Stay at home order, even broad stay at home orders in direct cities its just not going to happen. The Political Leadership on a b bipartisan basis arent going to support it i think its sort of a strong man approach to the argument here because its just not going to period hah. Were in a much better position to target our intervention you know, really, when history looks back on it i think that the critical failing, or one of them is going to be the fact that we were so blind to the spread in april and may and march because we had no diagnostics deployed, really in marchand april. Doctor, you made a comment actually on our broadcast last week about howe well asia is doing and you made reference to the fact that they have about 1,000 cases across large parts of the area yet were doing that every day and every week here. What do you think the d distinction is and i ask because you say you believe we can do a lot more things that are targeted today and while we could do better than we could do before, we still seem so far away from what others have done and done successfully without what appears to be lockdown well, theyre doing testing and tracing very aggressively. Probably more aggressively than we can because were not going to surrender certain liberties youll get tracked electronically in certain countries in asia if you dont get a test or youre in proximity of someone that has covid, youll be tapped on the shoulder and called in for a test we could be doing a better job on both domains. We dont need to have their level of surveillance to have testing and tracing in place and we could be better of calling on selective action for people to wear masks on a more routine basis. Just to give you a comparison, there were 12 cases overnight in a chinese city and theyre going to test all 9 million residents of that city within probably less than a week probably three or four days theyll get that done so theyll manage to snuff out that outbreak we could never do that here. First of all, we dont have the capacity to do it and if we did wed never get anywhere near the compliance so thats what the countries are doing. Im not saying that we need to go that far but were a long way from even having some level of compliance around testing and tracing. Finally over the weekend the israeli ambassador to india made a comment that theyre working on a 30 second coronavirus detection test thats a breathalyzer that you blow into and it would be available for a very cheap price do you know anything about it . Well, a lot of these breathalyzer tests, ive seen some of them, dont do direct detection of the virus. Theyre measuring your lung pucks a function im skeptical that youll be able to detect those early in the course of the disease. I have not seen one. Im not familiar with this particular test but i think others that are not doing direct protection of virus, theyre measuring lung function. Its great to see you i love seeing you sport the cnbc brand behind you. Thanks for joining us. A quick programming note for everybody, if you havent checked this out already, the news for shepherd smith tonight is a great time to do it theyre going to have a very special guest. Anthony fauci is going to join at 7 00 p. M. Ete tasrnime this evening. Up next, everything you need to know right after the break. 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. How did you come up withd opened all these backstories . Tudio. I got help from a pro. My financial professional explained to me all the ways nationwide can help protect Financial Futures in peytonville. Nationwide can help the greens get Lifetime Income because their son kyle is moving back home and could help set up a Financial Plan for mrs. Garcia. And he explained how nationwide can help mr. Paisley retire early and spend more time with his pal, peyton. And their new band. Exactly yeah. Dont forget the band. I havent. Before we talk about taxsaudreys expecting. New . Twins wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Natures bounty is here for you. Ready to take your immune support to the next level . The number one herbal supplement brand has everything you need to help keep your immune system strong. Immune support comes naturally with natures bounty. About 12 million taxpayers were unable to make this years july 15th tax day deadline and asked for a 3 month extension to file their federal income tax returns. Im done now i did it im done, but one of them, the final deadline is almost here. Is this for me a cnbc Senior Personal finance correspondent . You didnt know that, did you . You figured that, though. I just thought this might be one that you would appreciate. Youre not alone, though you know. Its 12 million. Youre not alone. Back in july, back in july or maybe before there were a lot of taxpayers that submitted a form requesting a extension to file and that gave them more time to submit their 2019 returns but on thursday their time is up. October 15th is the final deadline for taxpayers to submit their 2019 individual income tax returns if they requested an individual extension Small Business owners with more complex returns, theyre the ones asking for extensions and may have also caused significant filing delays for many taxpayers so now the official tax date already pushed back from april to july, well that july 15th date was also the deadline to file for an extension if you werent ready to submit your return now its time, failure to file your taxes on or by october 15th will definitely cost you youll pay a penalty of 5 of the tax that you owe and thats charged each month or part of the month that the return is late and on the other hand, though, if you do a refund, there is no penalty on a return that would file late so if youre getting a refund and you file that return late, the good news is you wont have to pay a penalty but youre not going to get the refund for awhile. You know, sharon, its not always i may be president of procrastination, but its not always the persons fault its really not. During the pandemic, there were a lot of places generating the things that you need to file your taxes that were delayed too. There was no way it was happening by the filing date. Tax preparers are completely overwhelmed and a lot of things came in late and a lot of people their financial situations changed. If they found out that they owed tax they didnt have the money to pay that and they may not have that money now. So its important to figure out if you can do some type