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Squawk on the Street

Stocks Mixed, Vaccine Hopes, Zuckerberg: No Deal with the President, Chevron CEO on Noble Energy Deal

Carl Quintanilla and Jim Cramer discuss the surge in coronavirus cases across the U.S. A busy data morning on possible vaccines as Pfizer-BioNTech’s potential coronavirus vaccine shows promise after releasing additional data. Plus, Oxford University’s coronavirus vaccine with AstraZeneca showing positive immune responses in its early trial. Shares of Moderna in focus after J.P. Morgan downgraded the drug maker’s stock to “neutral” from “overweight” in a valuation call, given the stock’s nearly fivefold gain year-to-date. Facebook CEO Zuckerberg says he has no deal with President Trump in an interview with Axios. Zuckerberg saying, "I’ve heard this speculation, too, so let me be clear: There's no deal of any kind… Actually, the whole idea of a deal is pretty ridiculous. I do speak with the president from time to time, just like I spoke with our last president and political leaders around the world.” Plus, Chevron CEO Michael Wirth, joins Jim and Carl to discuss his company’s $5 billion dollar deal with Noble Energy.

Broadcast on:
20 Jul 2020

Carl Quintanilla and Jim Cramer discuss the surge in coronavirus cases across the U.S. A busy data morning on possible vaccines as Pfizer-BioNTech’s potential coronavirus vaccine shows promise after releasing additional data. Plus, Oxford University’s coronavirus vaccine with AstraZeneca showing positive immune responses in its early trial. Shares of Moderna in focus after J.P. Morgan downgraded the drug maker’s stock to “neutral” from “overweight” in a valuation call, given the stock’s nearly fivefold gain year-to-date. Facebook CEO Zuckerberg says he has no deal with President Trump in an interview with Axios. Zuckerberg saying, "I’ve heard this speculation, too, so let me be clear: There's no deal of any kind… Actually, the whole idea of a deal is pretty ridiculous. I do speak with the president from time to time, just like I spoke with our last president and political leaders around the world.” Plus, Chevron CEO Michael Wirth, joins Jim and Carl to discuss his company’s $5 billion dollar deal with Noble Energy.