3,200. Tesla, watch this. Founder elon musk now worth about 70 billion. Richer than Warren Buffett. Another surge for that stock right now premarket, up another 100 a share, 6 . Wow. Apple getting closer to a 2 trillion valuation. Right now its up nearly five bucks at 388. Now, thats the big techs. We have a lot more quotes coming your way. Suffice it to say, big tech is having another terrific day. How about disney . A partial reopening despite a surge in new virus cases in florida. Masks, temperature checks, no lines. This was an important symbolic move to reopen disney world. Investors like it. Disney is back to 121. Talking about investors here, they like the good news on vaccines. Pfizer and biontech, they have been given fast track approval for two of their vaccine candidates. Stocks got a new shot in the arm when that news broke earlier this morning. Both stocks on the upside. What have we got for you . Later in the show, larry kudlow, he will have more on the next stimulus plan. Thats Something Else that investors really like this monday morning. Joe namath is back with us. Good timing. The Washington Redskins will reveal their new name today. And bill zaneti joins us, an academic specializes in theme parks. He was at disney yesterday. He was all over those parks yesterday. Hes got a full report for you coming up. What was it like getting back there . Well, for me, its great to be back. I just want to say thanks to ashley, susan and lauren for doing all the hard work in my absence. Lets get on with it. Varney Company Begins now. Stuart thats very nice of our producers to play that song for me as i come back after a couple weeks vacation. Lets get on with the real news. This is breaking this morning. Drug makers pfizer and biontech, they are given fast track status by the fda. Lauren, come in, please. Theyve got what, two promising coronavirus candidates . Lauren thats right, two vaccine candidates. Pfizer and biontech get Fast Track Designation by the fda. This is a big deal. It means they expect to manufacture 100 million doses by the end of this year, more than a billion doses by the end of next year. Both vaccine candidates are now in a phase 2 Clinical Study in the u. S. And germany. Phase 3 later this month. Very promising results. Biontech shares are up 11 . Mind you, this stock has more than doubled this year. Stuart i think the news on the vaccines is really helping the overall market. More on that later in the show. Now we are up 190. Got it. Lets have another look at big tech because thats the story of the day. The week, the month, the year, frankly. The nasdaq has hit several alltime highs so far this month. Lets move on to apple. I think its on the screen there. 388. Susan, you usually bring us news about the iphone or something but today, youve got news on apple and california housing . Whats that . Susan yeah. Just an hour ago, apple announcing they are handing out the first 400 million in a 2. 5 billion Affordable Housing fund and this is for those that have found it hard to find housing and shelter in rich and expensive silicon valley. This will go to support Building Four projects in north, east and south bay, 250 units in total. The first group to get priority will be veterans, homeless, disabled and they will also offer mortgage and down payment help as well. In these times, not Many Companies can afford to offer 400 million and apple offering the most out of the tech giants in this Affordable Housing fund, 2. 5 billion from apple. Google has pledged 1 billion, microsoft has committed half a billion dollars in seattle. Facebook earmarking half a billion dollars. But these Tech Companies are also in the position of having a ton of cash on the balance sheet. Apple has 200 billion. Microsoft google has 100 billion each and facebook has 50 billion but the argument is that when you provide such rich and expensive jobs, pushing out the little guy out of the valley that cant find housing and shelter, Affordable Housing in particular. Stuart okay. Interesting to get big tech involved in the housing business but i suppose its inevitable. Apple is 1. 66 trillion. I will stay on big tech. Thats where the news is. Look at netflix. All time high after all time high. Theyve got their Earnings Report coming out on thursday. Ashley, thanks very much for all your hard work, by the way ashley my pleasure. Stuart come thursday, the netflix report, thats going to be all about how many subscribers they held on to as the lockdown retreats. Ashley thats exactly right. They had 15. 8 million new subscribers in the First Quarter. Netflix say they are calling for around 7. 5 million when they report those earnings after the bell on thursday. This stock got a really nice boost on friday when goldman came out and said they believe netflix added 12. 5 million subscribers in the Second Quarter. They also call for a price target of 670. That gave some nice juice to netflix on friday and it continues today. Pretty impressive. They are expecting revenue of 6 billion in the Second Quarter which is compared to 4. 9 billion in the same period year over year. This is a stock thats been on a tear but youre right, the big question is how many people do they hang on to as the lockdown eases and people go back to work. Stuart if im typical of everybody else, im hanging on to my Netflix Subscription. Theyre good. Okay. Got it. Thanks, ash. Some more big names to report this week. Its the kickoff to the earnings season. Weve got a schedule. Lauren, take us through it. Lauren that is a crowded screen you are looking at but overall, this is likely the weakest earnings season since the financial crisis. You can call it the corona quarter. We know earnings are going to be down, likely down 43 from last year but its about how quickly you can recover. Jpmorgan, citigroup, wells fargo kick things off tomorrow for the banks. They are among 18 financials reporting this week. Investors want to know three things. Dividends, how many defaults are projected as well as loan activity. You have four dow stocks reporting. Jpmorgan is one of them. Also united health, Goldman Sachs and johnson johnson. Delta, thats the highlight for tuesday as well, the travel industry obviously decimated but streaming, as you were just talking about, is on a tear. Netflix, the first of the tech titans to report. That report is on thursday. Stuart im seeing a lot of green this morning. Wonder if that holds through until the end of the earnings week, first week thereof. Thanks, lauren. Alibaba, that stock, by the way, is up 50 since the lows of march this year. However, jack ma, founder, is now soefrelling over 9 billion the stock. Investors didnt like it. That was friday. Now we have rebounded, up a buck. Alibaba at 262. Got it. Nvidia, chip maker, another tech name thats been seriously outperforming during the pandemic. Bolstered by the upcoming release of microsofts and sonys new gaming consoles. Nvidia this morning, 425, up five bucks per share. Overall, we are still looking at a very solid rally this monday morning when the market opens in 22 minutes. What better time to bring in market watcher keith fitzgerald. Keith, hey, where did the market go from here in a week where we see corporations report a huge drop in profits . That is a very very tough call. But im still in the wind on this one, stuart. I think the path of least Resistance Continues to remain higher, particularly if weve got a vaccine on the horizon. The story is still big tech. The one thing you havent mentioned yet is costco, for example. When this crisis is done, people are still going to be shopping and i think thats one of the strongest plays coming into this earnings season. Stuart yeah, look, i dont mean to ignore the nonbig Tech Companies. But youve really got to focus on big tech because you are so, so dominant right now. Do you see anything holding back the five big tech names . No, i dont. As you know, i like to go where the news is going to be, not where its been. So i have been focused on big tech. You and i have been talking about it for the better part of a year because of that. It has performed exactly as we have suggested it would. So i continue to focus on that but im also increasingly focused on pharma, on the cleanup from covid and on the shopping essentials so thats going to be costco and walmart coming out of this. Stuart we had news on a virus vaccine or Movement Towards a virus vaccine. It really helped the market this morning. Do you think a vaccine would help the president in this election in november . You know, it used to be in my mind a lock. You would have one and you would have the other. Now i think the amount of anger seething under the surface is palpable. I think the president has done an extraordinary job in a lot of ways, in extraordinary times, but i dont think that one guarantees the other now. Stuart got it. Thanks very much indeed. See you again soon, keith fitz. Got you. Look at the latest total virus cases in america. Topping a little over 3. 3 million. However, heres a little wrinkle. New york and florida are seeing two very very different scenarios play out. What do you have on that, ash . Ashley yeah. Its interesting, isnt it. Lets get right to this. If we look at florida and those numbers, these numbers were actually recorded on saturday and then reported on sunday. So lets bring up those numbers. 15,299, thats a new single day record for florida of covid19 cases. Thats a positive rate, by the way, of right around 11. 25 because close to 143,000 were tested. Now, when you compare that, that by the way, that rate is down from 18 just three days earlier. There is no doubt that increased testing is starting to show more and more cases. No doubt about that. But you mentioned new york. Very quickly, for the first time on saturday, new york reported zero covid19 deaths. That hasnt happened since march 13th. New york still registering very close to 216,000 cases overall but that landmark number there, no deaths, is very significant. However, the governor and the mayor of new york deblasio, bill deblasio, say get ready, we are preparing for a second wave. Stuart got it, ash. Thanks very much. Lets get back to disney. Disney world reopened, at least partially, this weekend. Lauren, how did it go . Lauren it was clean. There was no one there. They opened at limited capacity for the magic and animal kingdom. Guests were required to wear masks, they reported feeling pretty safe and they also reported the shortest wait times ever. Look, the big question is how long can disney operate at such a reduced capacity. Safety is their priority right now. If you dont wear a face mask except when eating or swimming, you are thrown out of the park. They are doing everything they can to make people feel safe and they expect to open epcot and Hollywood Studios wednesday of this week. Stuart we have an academic coming up later who was there yesterday, got some videotape. Lauren, thanks very much indeed. I want to check futures because its monday morning. You will hear more about the virus and the cases in florida but look at that, the dow is going200 points at the opening bell, 17 minutes from now. We have all heard about boycotts. Have you ever heard of a buycott . Its trending as people load up on goya products after the ceo of the company praised President Trump. Got a lot of backlash for it and now a buycott of goya products. The Washington Redskins will soon be no more. The team is expected to announce today it will retire its name. Could be the start of more changes at the nfl, maybe. Football legend joe namath will be here all about that. The president s relationship with dr. Fauci getting a lot of attention. The administrations concerned how many times dr. Fauci has been wrong. Will that affect voters in november . Weve got the story. Varney company continues. This selenite grey is so pretty isnt it . Wow. Jim could you pop the hood for us . There she is. Turbocharged, right . Yes it is. Jim, could you uh kick the tires . Oh yes. Can you change the color inside the car . Oh sure. How about blue . Thats more cyan but. Jump in the back seat, jim. Act like my kids. How much longer . Exactly how they sound. Its got massaging seats too, right . Oh yeahhhhh. Oh yeahhhhh. Visit the mercedesbenz summer event or shop online at participating dealers. Get 0 apr financing up to 36 months on select new and certified preowned models. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums now its blatantly ripping off the president s buy american. I was at the president s side when he signed at least seven buy american orders. Thats seven more than biden signed or obama signed during their term and every one of those has worked to create american jobs. Stuart there you have it. White house trade adviser Peter Navarro on joe bidens plan. That plan includes, what, 700 billion on buying American Products and investing in American Workers and companies. Erin perrine with us now, director of communications for the Trump Campaign. Go at it. Go right at it. Whats your take on joe bidens plan . Joe biden, as Peter Navarro said, is trying to look like President Trump by saying buy american. Hes seen what an economic recovery actually looks like under joe biden. Its abysmal with 14 million americans having left the work force under the obama biden administration. He may want to beat President Trump with buy american but lets look at the facts. He didnt believe that when he was a big cheerleader for tpp or nafta or bringing china into the world trade organization. We know what looks like to get an economy booming. You cut taxes, you cut regulations. Joe bidens economic plan does the exact opposite of that. I think its safe to say you would see the exact opposite result. You wouldnt see a booming economy. Stuart okay. Look, there are new reports that say the white house is losing faith in dr. Fauci. First, listen to what President Trump said about him. Roll tape. Dr. Faucis a nice man but hes made a lot of mistakes. They have been wrong about a lot of things including face masks. Maybe theyre wrong, maybe not. But a lot of them said dont wear a mask, dont wear a mask. Now theyre saying wear a mask. So a lot of mistakes were made. Stuart erin, dr. Fauci is very popular with voters. How are voters going to feel about a trump fauci fight right before the election . President trump has led on the coronavirus effort and made sure that america has had the resources, the largest Public Private mobilization since world war ii, to be able to provide ppe, to build ventilators, to make sure we had testing capacity. We have seen again what it would look like with joe biden at the helm when it comes to stuart look, erin, hold on a second. Hold on a second. We have got a new surge in cases in many of the states which reopened. This is against dr. Faucis advice. Now weve got a surge in cases. The president may get the blame for this. Well, we are here to get the facts out. The cdc guidelines are there to make sure states know what they should do and how they should address the crisis. Again, its up to the states how they handle these. President trump has made sure that testing is available in this country and you see that cases are going up because there is more testing available. Fatalities are going down, with new york city reporting zero fatalities yesterday. This is a country that has to do the work and they are seeing that guidelines are changing, things are being updated the more we know about the crisis because President Trump is making sure that the facts are getting out there about this. Americans are making the right decision when it comes to addressing the crisis. Joe biden stops testing for h1n1. Stuart look, he is advocating reopening the schools. A lot of people are saying youve got to reopen them. Pretty cleancut agreement, youve got to reopen the schools. But the left wants a lot more money to reopen the schools. Is the president ready to pump out a lot more money for the schools . President trump made a significant and early investment in schools in the cares act in the first part of the pandemic legislation. So these schools have Resources Available right now to be able to do the work to safely reopen. And they should be able to do so. Its july. Schools should start to reopen in september by taking necessary steps to make sure they can bring their students safely back into the classroom because everybody agrees these schools need to reopen. It is up to the School Districts, the states and the localities to make sure they use their resources to be able to do so safely. President trump made an early and a strong investment in being able to do so. Stuart he might have to make some more. We will see about that, however. Erin, thanks very much for joining us. We appreciate it. Look at our futures market. Its monday morning. All kinds of things are happening. The dow is going to be up 200 and the nasdaq, a whopping great big 104 point rise. About six minutes from now. Well be right back. Stuart theres good news for you. The market is opening in a couple minutes and we will be opening higher. 200 for the dow, 100 for the nasdaq. Ive got to do this again. Quick check of big tech because they are really moving again this morning. Extraordinary developments for apple, amazon, facebook, microsoft and google. Lets go to netflix. They will open in record territory. Jeff sica is with us. You are a tv and movie producer, jeff. You think netflix is going to go higher from here . Upwards from 567 . Tell me. First of all, netflix, i have loved this stock for a very long time. They have 160 million subscribers. The average subscriber is aged 31. What netflix is beginning