BY THE NUMBERSDow futures had been extending their good points and pointing to a 650-point leap at Monday’s open after Moderna stated the early-stage human trial for its coronavirus vaccine produced antibodies in opposition to Covid-19 in all 45 contributors. Shares of Moderna had been surging greater than 30% in premarket buying and selling. Yr-to-date, the biotech’s stock soared almost 250% as of Friday’s shut. (CNBC)* Moderna stories constructive knowledge on early-stage coronavirus vaccine trial (CNBC)Regardless of Thursday’s surge and Friday’s achieve, the Dow Jones Industrial Common misplaced greater than 2.6% final week as traders handled dismal financial knowledge and rising commerce tensions between the U.S. and Chinai. The Nasdaq, led by the rally in tech shares, remained constructive for the yr as of Friday’s shut after going into the inexperienced for 2020 earlier this month. (CNBC)The U.S. economic system might shrink by upwards of 30% within the second quarter, Federal Reserve Chairman Jerome Powell informed CBS’ “60 Minutes.” Powell stated he believes the economic system will recuperate but it surely might take till the “finish of subsequent yr.” White Home financial advisor Kevin Hassett informed CNBC this morning that Powell is simply too pessimistic and predicts an financial comeback quickly. (CNBC)IN THE NEWS TODAYThe World Well being Group’s decision-making physique opened a two-day digital assembly, and Chinese language President Xi Jinping on Monday known as for an unbiased evaluate of the worldwide response to the coronavirus beneath the WHO as soon as the pandemic is beneath management. Xi additionally defended Beijing’s dealing with of the outbreak, which was found within the Chinese language metropolis of Wuhan late final yr.Basic Motors, Ford and Fiat Chrysler are reopening U.S. auto crops Monday for the primary time since shuttering operations in March because of the coronavirus. The businesses have rolled out a sequence of security measures to guard employees, together with temperature checks, private protecting tools and deep-cleaned manufacturing unit flooring. Tesla restarted its plant in Fremont, California, final week. (Reuters)* Tesla considers constructing its subsequent manufacturing unit in Austin or Tulsa (CNBC)’Apple launched a set of tips its retail shops will comply with as they reopen. The tech big stated Sunday it is going to require prospects to undergo temperature checks and put on masks earlier than coming into. Apple will present masks. Twenty-five Apple retail shops will reopen within the U.S. this week. (CNBC)In regulatory filings late Friday, among the world’s most adopted traders made large strikes, together with Warren Buffett. The billionaire’s Berkshire Hathaway conglomerate decreased its Goldman Sachs stake by 84% as of the top of the primary quarter. Apple was Berkshire’s greatest holding as of the top of March. (CNBC Professional)Invoice Ackman’s Pershing Sq. Capital plowed a lot of its earnings from a giant brief in opposition to the market in March again into its core holdings within the first quarter. Pershing Sq.’s largest guess was on dwelling enchancment chain Lowe’s. It bought almost a 3rd of its shares in Chipotle Mexican Grill. (CNBC Professional)STOCKS TO WATCHThe CEOs of Uber (UBER) and Grubhub (GRUB) met over the weekend to proceed merger discussions, in keeping with The Wall Road Journal, as they attempt to work out a stock-swap deal to mix Uber’s supply service, Uber Eats, with Grubhub. Grubhub continues to keep up that Uber’s present provide is simply too low.Allianz chief financial advisor Mohamed El-Erian was named lead unbiased director at Beneath Armour (UAA), efficient on the athletic attire maker’s annual assembly on Could 27. El-Erian has been an Beneath Armour board member since 2018.Alphabet’s (GOOGL) Google unit would be the goal of possible antitrust lawsuits from the Justice Division and state attorneys basic, in keeping with The Wall Road Journal. The fits will reportedly concentrate on Google’s dominance in each the promoting enterprise and in on-line search.Japan’s Softbank is in talks to promote a good portion of its stake in T-Cell US (TMUS) to controlling shareholder Deutsche Telekom, in keeping with The Wall Road Journal. Such a transaction would enhance Deutsche Telekom’s share from almost 44% to over 50%.Tesla (TSLA) – Tesla has zeroed in on two places in Texas and Oklahoma as potential websites for a brand new manufacturing unit, in keeping with a supply intimately aware of the automaker’s plans who spoke to CNBC.Finest Purchase (BBY) – Finest Purchase was upgraded to “outperform” from “market carry out” at Telsey Advisory Group, which expects the digital retailer to learn from the shift to working at dwelling and elevated client adoption of e-commerce.J.C. Penney (JCP) – The retailer filed for Chapter 11 chapter safety, with plans handy management to lenders and break up into two separate firms. One would maintain the retail operations, whereas the opposite could be an actual property funding belief holding among the firm’s property.Walt Disney (DIS) – Disney will reopen a part of the procuring space at its Disney Springs resort in Florida on Wednesday. The corporate is implementing a wide range of security measures, together with masks and contactless fee choices.Fiat Chrysler (FCAU) – Fiat Chrysler is in talks to arrange a $6.eight billion credit score line that will probably be assured by the Italian authorities. The automaker is attempting to shore up its funds because it offers with the impression of the coronavirus outbreak in addition to proceed with its deliberate merger with Peugeot mum or dad PSA Groupe.Cinemark Holdings (CNK) – Cinemark was downgraded to “impartial” from “purchase” at B Riley FBR, which factors to a wide range of adverse components for the movie show operator together with a worsening coronavirus state of affairs in Brazil.WATERCOOLERWorkers who nonetheless have their jobs are happier, significantly in gentle of April’s 14.7% unemployment charge, however they’re working more durable, in keeping with the most recent CNBC|SurveyMonkey Office Happiness Survey. Practically half of these polled have been working remotely through the pandemic, and so they’re typically completely happy about it.