Gold Hits a Record High, Moderna: Phase 3, Walgreens CEO To Step Down, Albertsons CEO

Published: July 27, 2020, 2:18 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss the big move in gold, as it hits a record high.\\xa0The major averages in the green, moving higher to kick off a big week for earnings.\\xa0Shares of Moderna skyrocketing, after the company said it has received an additional $472 million in government assistance for development of its COVID-19 vaccine candidate, and that a phase 3 study has now begun.\\xa0Over the weekend, Treasury Secretary Steven Mnuchin saying that Republicans have finalized their latest piece of coronavirus relief legislation.\\xa0The bill is worth about $1 trillion and is set be introduced Monday.\\xa0Shares of Under Armour taking a hit after receiving a so-called \\u201cwells notice\\u201d from the SEC.\\xa0That noticing giving details on charges it\\u2019s intending to bring to the company, related to a previously disclosed probe.\\xa0The CEO of Walgreens announcing he\\u2019s stepping down from that role and will become the executive chair of the company.\\xa0Plus, the CEO of Albertsons joining the \\u201cSquawk on the Street\\u201d gang to discuss his company\\u2019s earnings beat.\\xa0Revenue was in line with Wall Street forecasts, while results were helped by a 26.5% jump in comparable store and digital sales.'