Market Pullback, Novavax Skyrockets on $1.6B Vaccine Contract, Exclusive: UBER CEO, Faber Report

Published: July 7, 2020, 2:10 p.m.

b'The \\u201cSquawk on the Street\\u201d team discuss the drop in stocks following Monday\\u2019s strong rally, as Covid-19 cases across the U.S. continue to surge.\\xa0Atlanta Fed President Raphael Bostic telling the FT that the U.S. economic recovery will be \\u201cbumpier\\u201d as coronavirus cases continue to rise.\\xa0Shares of Novavax skyrocketing, 45%, after winning a $1.6 billion dollar contract to develop a coronavirus vaccine.\\xa0It\\u2019s the largest amount yet granted under the White House\\u2019s \\u201cOperation Warp Speed.\\u201d\\xa0Uber CEO, Dara Khosrowshahi, joins the \\u201cSquawk on the Street\\u201d gang to discuss his acquisition of Postmates, its failed deal with Grubhub and future of the company.\\xa0Plus, The Faber Report: David digs into Corelogic\\u2019s rejection of Cannae Holdings & Senator Investment Groups takeover bid.'