Strong Open on Wall Street, Moderna Skyrockets on Vaccine Trial Data, Uber Grubhub Deal Coming?

Published: May 18, 2020, 2:16 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss the big Monday morning rally.\\xa0Stocks surging as Moderna reports positive data on an early-stage coronavirus vaccine trail.\\xa0Shares of Moderna skyrocketing 30% after it said dose-dependent increases in immune responses were seen across three different dose levels, and that the treatment was generally safe and well-tolerated.\\xa0Plus, an optimistic Federal Reserve Chairman Jay Powell giving investors hope.\\xa0On CBS\\u2019 \\u201c60 Minutes\\u201d Chairman Powell said GDP shrinkage could in the 20s or 30s, but he doesn\\u2019t see the economy entering another Depression.\\xa0He also said that the country will get to \\u201can even better place\\u201d than it was before the coronavirus hit, and that it \\u201cwon\\u2019t take that long.\\u201d\\xa0David Faber reports on the possible Uber, Grubhub deal.\\xa0Plus, shares of Disney surging to start the week.\\xa0The company announcing it will reopen part of the shopping area at its Disney Springs resort in Florida on Wednesday. The company will be implementing a variety of safety measures, including masks and contactless payment options.'