there is unusual activity for corning. i bought it before the show. >> best buy. let's get an update on that. they reported earnings last week there has not been one pullback so far staying strong it's going to lift on 100. i want everyone in on that >> thank you that will do it for us kelly, it's all yours. thank you, scott hi, everybody. welcome to "the exchange" and here's what's ahead for us we have stocks rallying and bonds rallying and gold and silver rallying and bitcoin, too. how can that be? we'll look at the common denominator driving everything higher these days. other stocks are going um and we'll talk about that.

we do begin with the markets. don chu is back with the numbers. hey, dom >> i just had a pizza, but it's because i have a kid i don't know if it's vacation or not. kelly, it is predominantly green so far the modest gains are carrying over into the session, but you can see a moderate gain for the dow industrials and s&p 500. we have the underperforming nasdaq composite we want to circle that because that is a key index to watch this week after all the big tech companies report their earnings. remember, facebook, amazon, apple, alphabet all reporting their earnings after this week's closing bell it's already been a ridiculously good week for gold prices. look at that over the last ten years, the last record high we saw for gold was here $1923 an ounce it got as low as 1045, but here

we are, a big star here. that moving to the upside with silver and to end on a couple stock-specific stories here. hasbro, the worst performing stock after earnings and sales disappointed earlier this morning. meanwhile, you have tapestry it's up 1% after analyst goldman updated that stock they like their upside as well as control personality >> paternity leave is no vacation, i back up my words welcome back the federal government is telling us what the proposed next round of stimulus will likely look like the $600 unemployment benefit will likely be trimmed to about 200. kayla tausche is with us kayla? >> reporter: the federal government is about to unveil a series of bills for manufacturing, supply chains,

business liability and financial relief as the pandemic lingers on on that part of the bill that we are going to see, expect $1200 stimulus checks for individuals, $105 billion in funding for schools, prioritizing those that do in-person learning, and $200 a week in enhanced unemployment benefits that is lowered from the existing $600 weekly benefit that unemployed americans have been receiving under the cares act since march. now, democrats have been on the attack for that smaller amount which a treasury official confirms to cnbc senator ron widen suggests that that alone will cost 3.4 million jobs and tweeting that if republicans believe $200 is enough, they should try living on that amount so which a spokesman for senator chuck grassley, the republican chair of the senate finance committee tweeted this in response, calling that statement misleading because the amount is on top of state benefits and pointing out that democrats in the last crisis expanded

unemployment benefits by just $25 a week so certainly there is going to be a lot of mud slinging as the republicans, after having agreed amongst themselves, try to fashion this into a bipartisan agreement. their package is going to be roughly $1 trillion. democrats are eyeing $3 trillion, so there is a lot of ground to make up here, kelly. we'll see what senate majority leader mitch mcconnell unveils when he is expected to speak on the floor at 4:30 this afternoon. kelly? >> as this becomes more clear, what do you think timing looks like for a final agreement, and then for people who are worried about that unemployment benefit or wondering when that check to households might go out? what kind of time frame do you think we're looking at >> already, kelly, this is the last week that unemployed americans will be receiving that $600-a-week expansion for a time period that ended last week. 49 out of 50 states actually had that benefit end the week of july 26. so already there is going to be

a significant change to the bottom lines of many americans who find themselves unemployed the treasury secretary has said that he intends to reach an agreement by july 31st both chambers of congress have an interest in getting this done as soon as possible. the question is really whether they can find agreement, how quickly, and then how quickly they can get this legislation actually drafted when pen meets the paper. >> right, absolutely kayla, thanks. kayla tausche with the latest on that for us. it's hard to keep the markets down lately. stocks are back in the green and about to report their fourth straight week of gains gold just hit an all-time high silver is at its highest level in seven years and bonds are rivaling, too. is there a common thread driving all these asset prices higher, bitcoin included with us, barry knapp

barry, i'll turn to you first. what is the common thread here >> the common thread here is it's actually quite similar to what happened at the beginning of the last business cycle where we just had this fantastic amount of stimulus thrown into the system both on a monetary and fiscal basis, but the big difference between this cycle and last cycle is last cycle we -- first of all, we had regulatory and monetary policy working at cross purposes. i recall actually being at barkley's in those days where we would have meetings with the monetary policy arms and they would ask us, why aren't you lending the reserves, and the regulators would ask us, why don't you have 30 days of liquidity? so that regulatory break on the velocity of money really meant that a lot of that cash that was pumped into the system didn't get utilized initially the household sector was deleveraging so that impacted the demand for credit

and the like but this cycle is very different. it's not a financial cycle credit is expanding, bank asset growth has been well over $2 trillion this year, so it is likely that things like a bis credit gap, which is a pretty good measure of the velocity of money, is going to continue to improve and expand, and that money will get pushed out into the system, and it will not be a deflationary or disinflationary cycle. that was reinhardt and rogoth. one of their most profound findings that was ignored, ten years after a financial crisis, you still have inflation this is a financial crisis >> basically, julie, it's the fed on steroids. it's monetary policy, and we've heard this argument time and again, so what does that suggest to you does it suggest that investors who are looking at any one of these asset classes can basically count on prices going higher >> i think what you've seen

is -- really a common thread here is the uncertainty in the economic outlook what the market is pricing in is really a v-shaped recovery and you really have the tale of two stories where investors are trying to have their cake and eat it, too, and those who are more optimistic have looked at things like stay at home and benefited from tech stocks, and those who are more pessimistic have looked to doing things in their portfolios and hedge on gold that's why you see such high prices in tech and such high prices in gold, as you were saying, as well. >> sometimes we look at gold and we say, hey, this is a warning sign, or we look at bitcoin and we say this is supposed to perform at a time -- but they're all behaving like normal asset classes. they all sold off at the same time in the heart of the pandemic they're all rallying together now, julie what do you make of the dollar's weakness should we expect that to continue, and at any point does it become too weak to stomach? >> yeah, we are somewhat bearish

on the dollar and think there is other currencies like the british pound that are looking to diversify away from the dollar we've seen financial support from the fed pumping a lot of liquidity into the economy, and i think because of that it could remain a little bit weak into the future >> barry, finally, then, when we talk about retail interests in this market, the phenomenon that robin hood is, the fact that people out there are joking that no matter what you buy, it's all going up. in a way you're providing the final justification for stocks to continue going up so obviously something in its own little bubble, we're not saying that continues, but at what point does this period of rising asset prices give way to some other period where there's more differentiation >> well, i actually have been bullish from the lows but think that once we get through earnings season, we're likely to have a more sustained pullback or period of consolidation as a

consequence of election-related uncertainty, the potential for much higher taxes. so i think we'll struggle through typical volume season. kelly, one final point i would make about that dollar weakness that's real important here and most people aren't really focusing on this, there's been a lot of work from places like the bis over the past ten years that the vast majority of trade is conducted in u.s. dollars. which means in places like mexico if the dollar goes up or the mexican peso goes down, that doesn't really benefit them because they can't produce the goods to be able to sell them, so that actually benefits from a stronger peso and that will boost our exports. other places, gold is kind of going a little off the tread line and not quite diabolic, bu

i would look at places like mexico and brazil because they could benefit from a trade inventories are low, and there is a potential for a sustainable recovery there that to me is maybe even more interesting than gold, although i'm long gold for probably the first time in my life. >> uh-oh if barry knapp is on gold, you know you have to move. we'll talk more about this a moment thank you both for now, barry, julie, we appreciate it for all your views on the markets today. we actually just got a record low five-year note auction. let's bring in rack santoli on that rick >> the dollar serves the low on auction which was .33. i give the auction a d-plus just like the last auction, the two-year everything was a bit below average. we're moving the paper, we're

getting ready for another historic stimulus package for covid, and while all this is going on, the numbers keep getting bigger this 45 billion was the biggest auction ever much lower than the 10-year auction average as was other statistic, whether it was indirect at 58.1, dealers take a .6 the seventh year will be at 44 billion and this package at a record 41 billion. we just heard barry knapp talk about the dollar, down three-quarters alone, and all this debt is kind of the same story we'll continue to monitor. kelly, back to you >> biggest five-year auction ever, the lowest yield ever. no surprise it was a little weak rick, thank you. rick santelli. dig a little deeper into gold right now

we just mentioned it hit a new intra-high today we're talking about it at 1951 this afternoon will virus concerns and low gold rush keep the assets going managing director at institutional family services. jim, this is the first time i'm hearing a lot of chatter from people, from the public, saying, what is going on with gold, what is going on with silver? talk us through these moves you see here >> funny you mention that because everyone looks up and says, wait a minute, gold and silver is moving so rapidly, am i missing out here that probably provides the fuel. you see that everything seems to be rallying, and that's really just a function of this week's dollar trade when you look at gold and silver, people are questioning the efficacy of federal policy,

government policy going forward. i don't think people think there will be some sort of cataclysmic crisis -- that's more difficult to say that i thought. i don't think people are saying that, i think there is a question mark of how far this thing can go on thursday during the day we saw a coupling, because you said stocks and gold had been rallying together and they had on thursday stocks went lower and gold went higher at the same time to me that was a green light to add some long, because it seems that gold is straddling the free money risk asset class and the potential hedge against the currency problem like i said, i think 1930 is a big deal because it's not just about the fundamental story. we've come a long way since the lows from march and i want to see what the next level is i'm looking at those 1930 levels in the futures if we can settle above it, that would be a shot in the arm and i think it would be pretty good. >> let me make sure everyone

catches this usually when we're talking about 1930 lately, it's been great depression nalanalogies, but yor really talking about the amounts for gold tell me what percentage we're talking about. how much legs do you think this realistically has? >> okay, so i don't mean to be one of these guys like, gold is going through the moon, but realistically when we've shot up so high, and we stood above 1930, and we show no signs of a pullback, if that goes to later in the week and we see no signs of a pullback and it's full steam ahead, my next level in gold will be 2500. i'm not putting all my eggs in one basket on that as i've told people on twitter, they know i've been long silver and long gold for some time now. i'm still long bull, and i think the next week could be pivotal if we have a strong week on gold, i think 2500 is relatively reasonable, as crazy as that

sounds >> got to move on, jim, but your bullishness does apply to silver as well? >> no doubt about it i'm more bullish on silver just based on the silver to gold ratio. if it starts to normalize at all, that could put silver in the high 20s relatively quickly. >> jim, thank you, sir always good to have you check in we appreciate it jim iuorio on silver and gold today. china with a tit-for-tat with washington that seems to be escalating this is not a battle for world domination but world determination. what that means. the red hot solar trade tripling in the last three mont months, and if the sector is about to cool down we'll be back in a few minutes

welcome back china retaliating against the closure of the china consulate in houston by shutting down the u.s. consulate in chengdu and taking control of it today joining me now is jed kemp he is a cnbc contributor fred, welcome back where do you think this battle leads? >> i think this is going to be decided in decades and not in

presidential terms what you've heard last week from secretary pompeo's speech at the nixon library, that followed a speech by attorney general william barr, fbi leader chris wray, the national security adviser o'brien. this was a fuselage of american speakers really laying down things as a new cold war with china. but what's wrong about calling it a new cold war, kelly, is it looks backwards, and this is totally new. the u.s. has never had a peer competitor this capable before across all the realms of competition, technology, political, military, and the chinese have never had this degree of world power before, so they'll be making decisions they've never made before. they went to 2% global gdp to 20% last year. no country in modern history has ever grown that quickly and they're growing accustomed with power and how to exercise it, and we're going to have to manage the world together, and

we just haven't figured out how to do that yet >> i thought it was very interesting you said this. this isn't so much a battle of world domination as it is world determination. you're actually seeing domination but you're seeing it in a different kind of way it's determining the very shape of world order it's determining whether or not it's going to be democratic or autocratic it's determining whether there will be free speech or not, and we've already seen the way those doing business with china play by their rules, not ours >> the world domination term has been used hyperbolically for many years, but no country has really achieved it you can be a determiner of world advance, and i would say the united states with its allies has been that for most of the last 75 years, setting up the rules, the international order from everything from the european union, nato and other nations.

the real question is who is going to make the law of rule and order going forward? who is going to have the key positions at international agencies most people don't actually know that the international monetary fund in the by-laws that says the world's largest economy will be the setting or the headquarters for the international monetary fund. that used to be a joke, but at some point china is going to say, why is this sitting in washington, d.c. shouldn't it be in china these are the issues that are going to come up and that's what i mean by world determination. you're not going to dominate the world, but you can determine a lot of outcomes and they can be determined more and more by china in the future. >> fred, that said, whether it's trump or biden in the white house for the next four years, does the u.s. need to purposefully decouple from china? what is the best course of action, especially when so much of our commerce is intertwined >> these are the world's two largest economies. if you just look at germany, our closest ally, our biggest ally

in europe, its biggest trading partner is china if you ask them to decouple from china, they'll say nothing doing, but if you ask our mideast allies who now have china as the biggest recipient of our oil industries, they're also going to say nothing doing. so it seems to me this decoup decoupling talk about winnow down to certain agencies china will choose non-american suppliers for many things, so they'll be voluntarily decoupling on their side it is already taking place that's why it's a totally new world, is china grew up in the economic system that we with our allies created they don't want to break it down, either so over time we're going to have to find a way to live with each other. i think what secretary pompeo is saying is we have not called balls and strikes on china we haven't been tough enough with them on cyber issues, on

intellectual issues, and the way to do that is get back with our china allies >> we'll see if biden can keep things on course, but the challenge is wide. thank you, fred. appreciate it. fred kempe with the atlanta council. julia boorstin, what's the latest >> warner brothers announcing on august 26 it will release warner brothers tenet in 70 countries, then it will open on labor day weekend in select cities it's unusual to release a global release of this size it is expected to make about $2 billion and warner is hoping to keep it in theaters longer than

usual as theaters open up. cinemark shares down all those stocks down. cinemark down over 1%, amc over 3%, imax down more than the rest of them, just fractionally >> julia, thank you, with the latest on tenet. coming up, we have three names reporting this week that have a trek of beating expectations we'll tell you why papa john's continues to deliver while mcdonald's can't find its groove remember, you can always listen p. us live on the go on the cnbc ap"the exchange" is back in a couple how does the world reopen for business? to return to the workplace, safely, companies will need the right tools.

that's why salesforce created work.com it's an all-new suite of apps, expertise, and services. to manage this crisis today, and thrive tomorrow. everything companies need to return to the workplace. let's reopen. safely.

welcome back let's get to sue herera for our cnbc update. hello, kelly that is what's happening for everyone garmin says its online systems are being restored and

operations are expected tro resume in the next few days after they were shut down on thursday they said a cyberattack encrypted some of its systems making the website unusable. no word on whether or not they played a $10 million ransom demand google is giving employees working from home the option to do so to june 2021 they were originally working from home until january. papa john's wants to hire 10,000 new workers this is the second time the chain has added to its work force due to the pandemic. lots of deliveries going on there. that's your update kelly, back to you they are posing the worst decline since 2008, but there are a handful of companies who have a strong track record of beating expectations

for example, visa is up from its 18-year high how abond fs networks has a reasonable expectation to be off 2% of its weekly high. for a few more names head over to cnbc. google says stay home longer, and companies are telling employees to take a break, please. that's ahead on "rapid fire. plus is it time to jump into the red hot solar trade with ocstks tripling in some cases. we'll discuss. stay with us the volatility. the ambiguity. this moment calls for more. and northern trust delivers more.

with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you new clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management. find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

welcome back let's catch you up on a couple stories that should be on your radar today. it's "rapid fire" and joining me are dom chu, kate rogers and john sullivan. you just heard sue say papa john's is looking to hire 10,000 more people. the stock has been on fire, up 50%. compare it with mcdonald's it's flat. what's the main difference here? mcdonald's should be doing extremely well because of the drive-throughs, right? >> definitely we're waiting to hear from mcdonald's i think you've heard consumers gravitate toward delivery and carryout mcdonald's has a robust

drive-through sales, but i think people are leaning very heavily right now on delivery, and that's why you've seen not one, but two, major hiring announcements from papa john's during the pandemic hiring 10,000 workers each time we've also heard from domino's and chipotle as people really tend to gravitate toward these names that have robust carryout and delivery systems the difference is that mcdonald's works with the agitators and papa john's does it on their own. >> should we rely on this carryout and delivery or the sandbox from within? >> if i was a mcdonald's franchise, i would think, why do i have a dining room going forward? i can hire about one-third the people, i don't have to worry about cleaning the dining room and going through these hassle i think there's a real risk to go through these drive-through only type of restaurants

door dash said pizza delivery was up 1500% i think that's part of your answer >> how is that possible, dom people already get a lot of pizza. i think that makes a great point about the future of the dining room and how bright it is. >> we strive for balance here on "rapid fire," right? i'm going to give you the alternative view on that personally, i have ordered a lot more pizza from the likes of domino's the only reason i don't go to papa john's is because the closest one to me is about a 20-minute drive away that's the reason i use domino's here's what i would tell you, though there are so many people in my town -- i live in a state, by the way, that still has outdoor dining and certain limited indoor dining options. so that's one thing. the other thing, too, there are a lot of folks out there who are dying to go out there and have people serve them a food or a drink. >> that doesn't happen at mcdonald's

>> it doesn't happen hat mcdonam -- at mcdonald's, but there are folks who feel they'll have some sense of normalcy if they can go and dine out whether that's fast food or takeout pizza, i don't know, but i do know that there are folks out there who feel, yes, let's get things going and get restaurants up and running like they should be >> go ahead, go ahead. i'm going to skip spotify. go ahead >> last point, mcdonald's just paused once again reopening its dining rooms they're taking another pause they tike three-week pause in the middle of july covid cases are climbing, and as much as people may want to get out there and eat, it's going to be a while before you can actually sit in a physical dining room at mcdonald's and do that >> but they're not going to pause just out of social and charitable good. >> right, there is a long-term incentive here they're totally eyeing, i agree. we're going to mention spotify there is a 3 to $5 price target. you guys know the story with that one let's move on and talk about

what's going on with gold and silver brian, i especially want your take here. as i mentioned, i hear a ton of people who are asking me about gold and silver, just your neighbors, people you encounter, and silver especially because it's in the most accessible price point. it's in the 20s for retail investors. what do you think about these moves? >> by the way, silver having its best run since the year after "the brady bunch" went off air, 1975, by the way silver is up 95% since the march low. silver has returned 20% more than the nasdaq 100. so i guess silver is the new netflix. i don't know, maybe we need a new acronym with the metals. at some point with a couple trillion dollars being thrown around not just here but globally, you might get inflation. i don't know if we do, the paper dollar goes down you get the value of hard assets that goes up plus you have this negative vexing trade with regard to bonds and interest rates being where they are if you're a bond manager, you

probably want to buy some gold and silver to even out those interest rates by the way, the robin hood loves it silver has tripled in the last three weeks. that should end well >> dom, that's why i'm paying attention. >> here's what i would say i'm not going to use the words convexity or concavity in any way, shape or form in this particular part of my report here, but i would say every time you see a massive run-up in precious metals like this in the etf era, you see a lot of that in silver-related assets some people call it the poor man's gold, but in essence what you have is a precious metal that's not exactly like gold but it's the same in units per gold. you have the etf versus gld, that's the particulticker that s gold some investors are looking for a cheaper way to invest in units

that's why silver has outpaced gold watch silver has poor man's trades, and that's why you're seeing the uptick. >> brian, you mentioned inflation being a driver of a lot of what's going on, the weaker dollar, the run-up in asset prices are we ready to have that conversation yet are we sure we're not going to be talking about the battle to stay out of disinflation for three and five and seven and ten years? >> i don't know. we've been talking about inflation, kelly, for ten years. where has it been? i don't know it hasn't been there as well, so i agree with you, i don't think we're ready to have it yet, but we've never seen this kind of global stimulus. look at the cover of "the economist" this week, free money. don't throw the teeth thing at me, gold has no industrial use, silver does. if we get some kind of rebound in the global economy, you might need to buy visilver as a metalo actually build stuff, it goes

into solar cells and solar panels and stuff like that, so silver is used gold is just cool to get, i guess. >> that is true. all right, let's talk about google, kate, which is now having employees work from home through 2021, they say, for roles that are nonessential in the office the ceo is saying to workers, we are extending our global voluntary work from home option through june 30, 2021. good news, bad news? what do you make of it >> you know, it's such an interesting topic. obviously we continue to follow companies giving people more time to come back to the office. there is a lot of liability associated with actually going back to the office, so i think there is some of that at play here what does this do to the future of big cities is something we continue to look at, and also what does it do for these employees' salaries? if you decide to move out of the big city, are you going to get a salary adjustment in what you're making, because maybe you're moving to a lower cost of living place. i think there are many different factors entangled in this.

really, really interesting, but i tend to think people will want to live in cities again. the cities will not just go away >> wait until you've got a couple critters running around, okay then we're going to have this discussion again brian, it's true that -- and people need to be aware of some of the tax rules now that this is has become a longer term thing. you leave new york state and you don't have to work from home, you still owe new york state taxes. my dad talks about this all the time, the convenience tax. you have to be really careful. you think you're lowering your cost of living you have to be really careful. >> we both live in new jersey and our corporation, not cnbc, but the parents are based in new york city. as someone who does their own taxes, i completely get that a huge new partnership for a new york report came out last week i dug through it over the weekend because that's all there is to do, and it's terrifying. some of the numbers, the revenue projections, the tax numbers, the ridership on the subway is

still down 87% in new york city. i think this is a challenge unlike any other one quick thing i will add is that if i was a google worker and i heard -- can you bring up that chart >> sure. >> it's like people who don't need to be in the office you know what i think? oh, my god, i need to get to the office, otherwise they'll think i'm someone who doesn't need to go to the office, so maybe they don't need me. i think there are people scared for their jobs right now >> dom, but at the same time, we talk about what a complete disaster the school system is going to be in the fall. if there were ever a time people might need a little flexibility to work from home, this is going to be it >> this is a huge perk i would say a lot of argument has been made that the covid-19 pandemic has really kind of exacerbated some trends and accelerated trends that were already in play. one of the things we talk about is whether or not people who have white collar jobs are enabled to work from home than people who work no non-white collar jobs.

the school thing is a big thing because it disproportionately affects those people who are able to work from home and still conduct some kind of online learning and participate in that program. it does not help those who have to leave their homes and go to work somewhere else, like the folks who work in a mcdonald's or anywhere else if you talk about the education system, i have a healthy passion for this i'm involved with a nonprofit school as well this is one of the biggest concerns that we have, the idea that the economy cannot fully get going again if we can't safely deploy some of those children back in safe circumstances. >> 48% of first responders have school age children. 48%. you're talking about half, right? i'm talking my book, but why can't we put a plexiglass between the teachers and the students i mean that sincerely. you can fly, you can go to restaurants in many places we're talking about schools closing in the fall. nobody wants to get sick, i get it but there has to be someone who can figure this out, because to dom's point, working class families are going to get

crushed. by the way, virtual learning, nobody knows if it works i talked to a high school principal and he said half the kids showed up and there's nothing they can do about it >> the interesting thing, there are states like florida where they're giving some kids the option to go five days a week. this whole thing is super regional no time to talk about a our little ticker today. it's going to be the fact that some of these companies are begging their workers to take a vacation >> i'll take a vacation right now. somebody tell me to take a vacation >> i'll put you on vacation, dom. >> paternity leave is not vacation i told kelly this. >> i'm wearing purple shorts does that count as a vacation? >> it doesn't count. very nice, bri very summery thank you all today. we really appreciate it. dom chu, kate rogers and brian sullivan the diversity in vaccine trials starts today.

they're trying to include key parts of the population. we'll have all those details next you're looking live now at capitol hill where we are moments away from representative john lewis lying in state in the capitol hill rotunda he's been honored with a motorcade procession throughout washington, d.c. today there will be a live ceremony in the rotunda beginning shortly after his arrival after the family is greeted. we'll have much more on this and everything else on the other side of this break my name is janelle hendrickson, and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling.

my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the associates safe to all the other amazons. all of these are face masks, we've sent well over 10 million gloves. and this may look like a bottle of vodka. when we first got these, we were like whoa! [laughing] with this pandemic, safety is even more important because they're going home to babies, they're going home to grandparents. so, our responsibility is to make sure that they go home safe every single day.

welcome back to "the exchange." shares of moderna are climbing today. they're up about 6% after announcing they received an additional $472 from the government for vaccine development. this is as the first phase 3 of its trials for the covid vaccine kicks off today. they're also saying the moderna

trial should be done by the end of the summer, but they're hitting snags getting enough volunteers meg tirrell is here with the story and why it's so important. meg? >> it's tremendously important, kelly. we know that more than 100,000 people expressedinterest on an nih database in the vaccine trials just since they posted this website july 8th. but ensuring that the folks who are most at risk of severe disease is a key priority in these trials take a look. with asthma, food allergies and a heart condition, 44-year-old thomas silvera says he does everything he can to protect his health, including getting vaccines he says if a vaccine for covid-19 becomes available, he'll get that, too. >> i'm kind of leaning towards that, of getting the vaccination. >> but he says he knows many in his community may be hesitant, especially to commit to clinical trials before a vaccine is approved >> a trust issue is the biggest factor there

>> that's a challenge as phase 3 efficacy trials get underway of vaccines in the u.s. they need people of color. >> as we transition to phase 3 of covid-19, we need to be especially mindful of reaching out to those communities hardest hit to make sure we are getting individuals who are at heightened risk. >> the covid-19 prevention network formed by the national institutes of health is prioritizing communities hardest hit by the disease essential workers, the elderly, people with other health conditions and native american, latin x and black and latin american communities they said it's part of building trust. >> this is part of a broader issue of negative trust, which is partly justified. if you go way back, jay marion sims and his objestetric trauma and his terrible abuse of slave

patients to henry x trials, and there are others what happens is this is in the lower. >> and the early covid-19 vaccine trials did not include many people of color 40 of 45 participants in the nih moderna phase 1 trial were white, while oxford university, which has partnered with astrazeneca, noted a limitation of its initial study is that a majority of its participants were white as well >> if we're going to make a vaccine that works for all of us, we need to be able to make sure that all those key populations are included >> reporter: doctors leading the trials have this in mind as well >> we are going to be reaching out to african-american churches and church populations we're also going to be targeting warehouses and factories, meat packing plants and places where there have been large outbreaks and where we're more likely to encounter people who are at greater risk >> reporter: inclusion experts

say it starts with health providers. >> the number one reason black people and brown people don't participate in clinical trials is because nobody asks them. and that is a provider issue if nobody is actively including them, they will miss out on something that could be lifesaving >> reporter: and, kelly, moderne watching this so closely as their phase three trial gets under way. they are getting regular updates on the enrollment at different clinical trial sites if they aren't reaching a diverse enough population, they will switch their enrollment to other places this is something that will be very important >> it just makes sense it would be crazy to have something that wasn't effective on the hardest hit population. thanks very much for the report solar stocks are hot this year the etf tan is on pace for its best month in eight years. there's more room to run, next woman: my reputation was trashed online. i felt completely helpless.

my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555.

welcome back, the at home trade are taking shape but it's one story that's gone largely unnoticed. solar energy it's hovering near multiyear highs going back to 2015 the stocks have been soaring solar edge is up 18% this year sun run and vivint solar are up 200% are there enough catalysts to keep powering this industry? joining me is colin rush it's weird to have you here and not talk tesla but somewhat refreshing tell me what's going on in the

solar space. >> first, solar come down the cost curve over the last decade plus it's really economic for folks to go solar rather than pay their utility and electric bills. we have seen energy prices come down as electric vehicle wraps up we think 4% might be more appropriate. >> it wasn't really viable we would have needed multiple power walls or some kind of battery in order to truly have enough power to live off of in the case of a shutdown for few days you still have to connect to the

grid there's all sorts of rules of going back and forth obviously, society is heading in this direction none of that still explains the move this year is it retail interest? people are realizing the fed is lifting all boats? we have really gone up sharply as of late >> two things that is happening. we think lack of understanding around the sector. interest rates are important given the high leverage to those. rates go higher. interest rates come down it's an awful lot of leverage.

i would differ with you in terms of cost structure on the technology we can get into it another time. i do think these are compelling economics in an industry that will disrupt the utility industry over the nec fixt fiver ten years. >> you said low interest rates equal high prices for the solar stocks and that's another way to play it. silver is one -- this industry is one of its big end users of silver, correct? >> not really. silver is all of these designs >> great to have you on. thank you. the hearse carrying the casket of john lewis has arrived at the u.s. capitol. he will now be taken up the east front stairs of the capitol into

the east front foyer the casket will be escortedjori the capitol rotunda. his body is now arriving at the capitol building and being carried up the stairs into that building for the first time. there will be an arrival ceremony after this all takes place. his casket will be moved out for public viewing in the evening. people who want to stop by and pay respects to congressman lewis will be able to do so in a way that's safe during coronavirus because he will be lying outside in the fresh air, 6:00 to 10:00 p.m. the capitol will be moved out of the rotunda and also all day tomorrow the vice president, mike pence and his second lady karen, the vice president biden and his wife are expected to visit the casket tonight we'll be hearing from many of our elected officials and others who want to pay tribute to the life of john lewis who died a t

the age of 80 after a six-month battle with cancer that was in july he was a congressman for georgia's fifth congressional district for more than three decade seen as the moral conscience of congress for his commitment to that non-violent fight for civil rights that will be a big part of his legacy remembered throughout the ceremonies today and over the next day or so kayla is in washington as well with more information. >> congressman lewis was often called the conscience of congress this moral authority he awired over many decades of serving in those non-violent protests and advocating for change he liked to call good trouble, necessary trouble that made people uncomfortable but got results. he will be just the second black lawmakers to lie in state in the capitol. he will be in the rotunda for just a few hours today it's one of the many traditions up ended by the pandemic

later he will be moved to the plaza outside the capitol where people can come and pay their respects in a socially distanced way outside from 6:00 to 10:00 p.m. this evening and throughout the day tomorrow a different type of recession for al civil rights hero a long time congressman who has more than 8,000 pieces of legislation that he sponsored or co-sponsored that resulted in roughly 500 laws of very many different topics not just on civil rights the change the irs practices of the way it operates. a wide ranging legacy and congressman from georgia who served 17 terms.

>> bill, i know you experienced, you watched his career first hand >> his brother and his sister both spoke about their brother and his sister said that john was always telling her if you see something that's wrong, do something. that was the mantra he lived his whole life he was a dowug doer and for himo pass away as we're experiencing another major time of civil rights and racial equality