Nasdaq Goes Positive for 2020, Moderna Surges on Coronavirus Vaccine Phase 2 Approval, Raytheon Technologies CEO

Published: May 7, 2020, 2:16 p.m.

b'Carl Quintanilla, Jim Cramer & David Faber discuss the swing in stocks. The Nasdaq turning positive for 2020, making it the first of the three major averages to claw back its steep losses for the year.\\xa0Energy stocks among the biggest gainers as oil prices jumped nearly 10%, bringing their gains for the week to more than 30%.\\xa0Shares of Moderna skyrocketing after announcing the FDA cleared its coronavirus vaccine for phase 2 trail. Carl, Jim & David break down the big earnings movers of the morning including: ViacomCBS, Teva Pharmaceuticals, Costco, PayPal, Peloton, and many more. Plus, the CEO of Raytheon Technologies, Greg Hayes, joins the \\u201cSquawk on the Street\\u201d gang to discuss his company\\u2019s results, the impact of COVID-19 on Raytheon\\u2019s bottom line and the road ahead.'