Stocks Slump, 36 Million Jobs Lost, Vaccine in 2021?, AbbVie CEO
b'Carl Quintanilla, Jim Cramer and David Faber discuss the big hit to stocks after jobless data underscored the coronavirus\\u2019 devastating toll on the economy.\\xa0New claims brought the Covid-19 crisis total to nearly 36.5 million job losses over the past two months, by far the biggest job losses in U.S. history.\\xa0A record 20.5 million jobs were lost in April alone.\\xa0On the vaccine front, Novartis CEO saying it may take until the end of 2021 before getting a vaccine.\\xa0The CEO writing an op-ed published in Switzerland\\u2019s Handelszeitung, \\u201cThe ultimate way to deal with this pandemic is likely to be a vaccine against Covid-19\\u2026 That will take more time \\u2013 my guess is about one and a half to two years.\\u201d\\nPlus, the CEO of Abbvie joins the \\u201cSquawk on the Street\\u201d gang to discuss covid-19 treatments, vaccine development and the road ahead.'