Its at the 27,000 level, up from 18,000 in march. Check your 401 k and smile. Whats going on here . Well, first theres a lot of talk about congress adding to the president s virus aid. The democrats made a big mistake walking away from mr. Trump from any deal, allowing the president to jump right in. Wall street would love another trillion or two of stimulus. Here we go. Can you believe this. Putin says russia has a vaccine. They have not finished Clinical Trials but his daughter has taken it. Im a skeptic. When the news broke, it did lift stock prices. We will tell you all we know. I do know this. Tim cook is a billionaire. He owns a chunk of the most valuable company in the world. Bernie sanders might not approve but i think its good to see a brilliant executive join the billionaires club. He and apple are wildly successful. All right. Look whats coming up. Maybe joe bidens choice for Vice President , maybe today. Hes boxed himself into an identity politics corner. A prediction that apples stock goes well above 500 a share from a man who has been right before. And just wait until you see airline stocks. Way, way up. Apparently because of the putin vaccine. Yeah, really. Varney company is about to begin. Stuart i really do want to know more about Vladimir Putins claim that russia has made the worlds first virus vaccine. Lauren, okay, his daughters taken it. What else do we know . Lauren she has and we know that moscow has registered the first covid vaccine. This is much like the cold war space race, stuart, but its a vaccine race. In fact, russias calling this vaccine sputnik 5 but the Clinical Trials were short, they were accelerated, it was tested on animals and only 76 humans, far less than what the fda requires here at home and that is raising serious doubts about the safety of russian vaccine, that it is looking to export to the world. But it hasnt set up manufacturing or Distribution Channels to do that yet. This is how our manufacturers of potential vaccines are responding to the news. Yes, most of them are down, but this underscores the importance of getting a vaccine on the market. Stuart you are talking about biontech and novavax, which we have on the screen now. Both of them are down, right . Lauren yes. Stuart okay. Lauren they are down. But they do have good news. Biontech reported their earnings today and they say results of the final testing phase of their vaccine will be ready as early as october. Then they plan to request Regulatory Approval immediately after that. So they already have manufacturing set up with pfizer so this is certainly possible that the u. S. Has a distributed approved fully tested vaccine by the election. Stuart i am a skeptic about putins vaccine so we will move right along. All right. As we were saying, check the vaccine maker novavax, way down today. They say they can make enough vaccines next year to meet americas demand but the stock is down 7 . Okay. Gilead, interesting news there. They are filing an application to Start Marketing their virus treatment which is remdesivir. The drug has been experimental as a treatment, allowed only for emergency uses. If this is approved, it will be sold under a new brand name but it will be out there generally. 68 a share. Gilead. All right. Thats the vaccine news. Now, news on positive cases. Ashley, we are seeing a downward trend. Ashley yes. We are indeed. I will tell you that the number of cases from early july to early august have shown a downward trend. 5. 1 million cases across in total. 163,000 deaths. But look at august 10th, new cases, 47,083. Thats a 14day change of 18 . In late july we were averaging 60,000 plus new cases a day. Also, we should point out deaths have averaged 1,000 per day in early august, which has doubled from early july. However, there are continuing to be hot spots. I want to give you a list. Louisiana has just reported 11,119 cases in the last seven days. Thats per 100,000. Mississippi, 6500 cases. That rate is 219. In georgia, 22,766 cases in the last week. That rate, though, less than louisiana and mississippi at 214. All of this said, we are seeing a downward trend and thats good news where we continue to have hot spots. Stuart we got the hot spots but there was a downward trend nationally. We dont pay enough attention to it. Look at the markets. Big deal here. 25 minutes to the opening bell and we are up across the board except for the nasdaq composite which is going to be down. Mike murphy is with us. Im intrigued at this. Is the market completely discounting election risk . I have been talking about a chaotic election and the possibility of a biden win, big negatives for the market. Doesnt seem like investors are paying attention. I think they are paying attention. Good morning. But i think they are really looking past it because even if biden does come in, yes, it could be a shortterm negative until the Large Companies making up the s p 500 learn how to deal with his tax plans, consumers learn the best way to deal with his tax plans and tax hikes, but overall, the market will look past that. Earnings will get past that. Then the market will be back on its move higher. I think the bigger concern right now is coronavirus and its not the election. Stuart okay. Im seeing what the technical, the professionals call rotation. That is the nasdaq composite is down because money is coming out of big techs and the s p 500 and the dow are going up. Money is flowing in there. Rotation is taking place right now, isnt it . It is. But i think its very important, stuart, for the investors at home watching your show, dont chase the next hot thing. You and i have talked about it with bitcoin, we talked about it with marijuana stocks, we talked about it when the market has a selloff, should i dump all my tech. Tech is what has led the market to new highs. You and i have talked extensively that tech will lead us back to new highs. You are going to see money rolling into different sectors, yes, but youre not seeing growth in pick financial, pick energy, youre not going to see growth there. I want to stick with big tech because thats where im getting growth, thats where im getting innovation and thats where im going to get continued higher earnings so although the prices are not cheap at these levels, these are the companies that are innovating and what got us here is what you want to stick with. Big tech. Stuart 20 seconds. Would you buy a dip . They are all dipping right now. Would you buy any of them snfrjts. I would buy a dip but more of a profound dip. Down 2 or 3 after these massive rallies. Again, we talked about it. Lets look at a basket of large cap tech where you are seeing increased growth, where you are seeing numbers coming in higher each and every quarter, names like apple going into their split. Those are companies you want to own in your portfolio and let all the other headlines go by the wayside. Thats how you make money. Stuart got it. Thank you very much indeed, sir. Lets turn to stuvusan. I know apples stock is down today. Spell it out for me. How did tim cook get to be worth a billion dollars . Susan after nine years at apples ceo, yeah, hes officially a billionaire according to bloomberg and many would say hes earned it because hes grown apples market value by fivefold and doubling apples sales and profit after taking over for steve jobs back in 2011. Apple is now worth 1. 9 trillion and thats bigger than the economies of canada, russia and spain. How did bloomberg calculate cooks billionaire status . Cook currently holds 375 million worth of apples stock, likely to get another 100 million in stock this year, then you want to throw in another 650 million from the proceeds of previous share sales, dividends and other compensation, and thats how cook entered the three comma club. He has said he would give most of his money away to charity and for anybody thats ever met or spoken to tim, its not about the money and it probably never will be for him. Stuart i respect the man and i dont begrudge any man like that a billion dollars. Hes done extremely well. All right. By the way, later this hour, top apple analyst dan ives will join us. He says apples stock is going to 515 a share and hes been right before. Three big name dow stocks in record territory and all three of them are up again this morning. First, home depot on pace for a fresh alltime high at the open. Look at it go, up another 1. 7 . Thats premarket. Same thing for united health. Again, premarket, after a record gain yesterday, record high yesterday. Its up another 1. 4 this morning. Nike, wheres that this morning . Its at 106. 34. That would be, if thats at the opening bell, that would be another alltime high. Three dow stocks, three alltime highs. President trump taking a big step to unleashing americas 5g potential. Thats super high speed internet. The infrastructure for 5g has previously been reserved only for military and other government uses, but now mr. Trumps rolling out bandwidth available for commercial use. Supposedly that allows our Tech Industry to grow even more. Check futures again, please, because its good to look at. Dow is up 300 points. S p is up 15. Very close to an alltime high. Small dip for the nasdaq. Looks like a reporter may have struck a nerve with chicago mayor Lori Lightfoot after asking this question regarding the latest round of violence and looting there. Watch this. Reporter it almost sounds as though youre saying this is the reason we have it is because the courts and the prosecutors were not doing their job lets be clear. Dont bait us. Reporter not trying to bait, maam. Stuart serious trouble in americas cities and that includes chicago. Why should businesses return to that . Why should Office Workers return to that . What a mess. Coming up later this hour, we have nikola motor founder, Trevor Milton, on his colorados la companys landmark order for garbage trucks. And how come an online mattress seller is now going into bricks and Mortar Stores . Amazon making dramatic change to americas malls, turning Department Stores into Fulfillment Centers. Gerald storch is next. He says amazons distribution is already unmatched. My husband and i have never eaten healthier. Shingles doesnt care. I logged 10,000 steps today. Shingles doesnt care. I get as much fresh air as possible. Good for you, but shingles doesnt care. 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Will it help me keep up with mom . You got this. So you can really promise better sleep . Not promise. Prove. Its the final days to receive no interest until january 2023 on all smart beds. Ends wednesday. Stuart look at those retailers. They have been all over the place but theyre surging today. Apparently on putins virus vaccine news. I dont believe it but what youre looking at is some significant gains for those retailers. All right. Look at Simon Property group, the big mall company. Ashley, they just reported. They took a shot during the pandemic, right . Ashley yeah, they certainly did. Revenue down 24 year over year, just over 1 billion. Earnings also falling short. Whats interesting about Simon Property, you know, they own a number of huge malls across the country, the biggest owner, in fact, and they have been having trouble collecting rent. Look at this. Thats the amount of rent collected in april and may combined, just 51 . They are getting half of their money back from those retailers. Those numbers, though, they did improve. June it went up to 69 which is getting better. In july, we saw they collected 73 of rent. So its heading in the right direction. But that april and may number shows you how hard its been for everybody. Half of the retailers not able to pay their rent. We should point out, we were just talking about Simon Property yesterday, they are in talks reportedly with amazon to convert some of those bankrupt anchor stores in malls and turn them into Fulfillment Centers for amazon and maybe lease out the huge parking lots for their fleet of vans. Stuart we were talking about it yesterday. Very important subject. Something to do with defunct Department Stores. Who knows more about this than anybody else, gerald storch, our guy on retailing. Gerald, come back in again. Good to see you again. Do you think, i mean, these locations, these bankrupt Department Stores, they are dead locations. Could amazon revive them . Well, obviously they can. Capitalism abhors a vacuum. We have been talking for years about how Department Stores and mallbased Apparel Stores are really struggling, and these developers are really smart. They say who can use this space . Guess what . Retail sales overall were up a little bit in july year over year so what does that mean . Sales are going somewhere. They are going to ecommerce. Amazon already has 200 million square feet of distribution in the United States alone with another 100 million square feet under development. The real secret about ecommerce, we all view it as a technology company, it is, but their real competitive advantage is their incredible logistics. They have a multitiered distribution system. They are in every community in america and these mallbased locations are really centric located for them. A million square feet coming up, and maybe more, it will make some small dent in that. Stuart it wont do much for the malls because an Amazon Fulfillment Center in place of a sears does not bring much foot traffic for the rest of the mall. Well, lets be honest. Sears wasnt bringing any foot traffic to the mall, either. Meanwhile, sears was always a place you parked because there was no crowd. You could park near the door, you know, to get into the mall. For simon, who is really, really smart, they are the smartest developer, amazon telling you we will pay rent. We just talked about the fact a lot of retailers arent even paying for the space right now. They are a good credit. They will pay rent for a long time. Amazon also has a retail future. They are building out this grocery chain, they have bricks and mortar concepts in mind. Who knows what kind of pickup they might have for customers at these locations. I wouldnt say it wont bring any traffic to the mall. Plus all the employees working, where are they going to go for lunch, where will they hang out, in the mall. I think it will draw traffic. Its much better to have any space leased than sitting there derelict. Stuart here is my candidate for bricks and mortar lockdown winner. Tractor supply. They have gone up what, the stock has gone up 100 . They are a Terrific Company doing extremely well. They are doing well. Great management team. But beyond that, they are really well positioned here. They operate smallish stores, you get in and out, generally rural locations, very exurban locations. What do they sell . Products for the home which is booming across the board and for outside. They sell things for gardening. I know you want to raise your own tomatoes. They sell products for your pets. They sell feed for chickens. People are raising their own chickens. You are raising your own chickens. So they are booming. They have products people want right now. Stuart nice try. Nice try, storch. I do not have chickens on my balcony in my apartment. But i do have a huge Tractor Supply bill because of my tree farm upstate. I buy a lot of stuff from str t Tractor Supply. Great store. We are out of time. I think we are. Have we got any more time . I think we are out of time. Gerald storch, thank you very much indeed. My pleasure. Stuart nordstrom, look at them, please. They are hiring social Media Influencers. What does that mean . What exactly do these social Media Influencers do at a department store, lauren . Lauren well, they go in, they look glamorous, they shop in the stores, then they boast about how clean and safe they are on social media. Let me show you an example. This is from the instagram influencer wendys lookbook. Thats exactly how i look when i go shopping, just like that. Anyway, thats exactly the point. They want it to be glamorous. Nordstrom and their Marketing Team are working to create these wish you were here, lets go out and shop type moments. Take off the sweatpants, get dressed up and go to a store. Stuart theyve got to do some