Strong Open on Wall Street, Moderna Skyrockets on Vaccine Trial Data, Uber – Grubhub Deal Coming?

Carl Quintanilla, Jim Cramer and David Faber discuss the big Monday morning rally. Stocks surging as Moderna reports positive data on an early-stage coronavirus vaccine trail. Shares of Moderna skyrocketing 30% after it said dose-dependent increases in immune responses were seen across three different dose levels, and that the treatment was generally safe and well-tolerated. Plus, an optimistic Federal Reserve Chairman Jay Powell giving investors hope. On CBS’ “60 Minutes” Chairman Powell said GDP shrinkage could in the 20s or 30s, but he doesn’t see the economy entering another Depression. He also said that the country will get to “an even better place” than it was before the coronavirus hit, and that it “won’t take that long.” David Faber reports on the possible Uber, Grubhub deal. Plus, shares of Disney surging to start the week. The company announcing it will reopen part of the shopping area at its Disney Springs resort in Florida on Wednesday. The company will be implementing a variety of safety measures, including masks and contactless payment options.