joining us now is johnson & johnson ceo alex gorsky. thank you for joining us this is very good news tell us about what's gone into this and why you are so optimistic about it. >> andrew, joe, becky, thank you very much for having me on, though it's always tough to follow senator cruz. we're very excited about the announcement that we're making this morning about the partnership we're doing with barta, the government agency responsible for pandemics and vaccines and what we're doing to accelerate our development but also our production for something against covid-19 really, this started decades ago. we've been working in the immunology field for some time we've been working in areas like sars, ebola, hiv i think what gives us confidence is based upon the work that we have done with this vaccine platform, we have very good early indicators that not only can we depend on this to be a safe vaccine base, but also one that will ultimately be effective based on all the early testing and modeling we've been doing. >> we expect to begin first h

the grandson of pioneering photographer sergey prokudin—gorsky.we will be back next month with more first—hand accounts of extraordinary moments in history. but for now, from me, and the rest of the witness history team, goodbye. hello. i know our weather has been extreme of late, but rewind a couple of years and you will find a very different extreme that we were in the grip of, and that was the beast from the east, where the temperature on this day two years ago in this place in south wales could only reach a high of —4.7 degrees. that was our coldest march day on record. it has been chilly in the breeze today, but nowhere near that cold. we have still got storm jorge close to north scotland. it has been a blustery day, but the winds are easing a bit 110w. we still have some rain, sleet and hill snow affecting parts of scotland, but for many of us it has been a fine afternoon. some showers affecting us, and they will continue to be around as we go through this evening and into night, particularly across north scotland, north—west england ireland

i got to talk with the chairman and ceo, alex gorsky.e are hopeful that in these cases it correlates with what we expect to see as we take this into human testing. we also know we need to complete those other trials and we will be doing that. production andup we will have global production both in europe and the united states. we expect to be in a position by the first quarter to have a much better perspective on the vaccine itself, the kind of quantities we need available, the goal is hundreds of millions. obviously to work with regulators and others depending on where the coronavirus is at that time to try and make this accessible on an emergency basis. david: give us a sense of what the testing process is. is it a normal process or, given the urgency, are there certain things that could be done to expedite that? alex: my sense is that regulators both in europe and the united states, other health care authorities, are doing everything they can to expedite this. at the same time, we have to balance that to make sure we gather the safety

and chairman alex gorski told c and b c we have very good early indicators that not only can we depend on this to be a safe vaccine base but also one that will ultimately be effective based on the early testing and modeling we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. time now for a quick break but here because on the other side market volatility continues to roar as markets have been slammed by the. straight ahead we'll break down stock movements around the globe and what lies on the horizon as we go to break here the numbers of the quote. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development it only really exists i don't see how that strategy will be successful very critical. to sit down and talk. it. could. he love who. do make it to c.b.s. don't want to tell. you who were. not as you. know most of the people. new illusion to move. to the sunnis tonight in 92 when the. 2 would you have to use in. one of the media has on th

joined by the chairman and ceo of johnson & johnson, alex gorsky. thank you for joining us. most of us woke up this morning to what we think is pretty hopeful news. you have a lead candidate together with hhs for a vaccine. how hopeful should we be? alex: first of all, thank you for having me on this morning. like many of your viewers, i spent the weekend reviewing the news, talking with friends and family and colleagues, and obviously, there's a lot of despair out there, rightfully so when you thing about how people are being impacted by this. but i've also got to say that there is some reason to be optimistic when i see some of the partnering and collaboration, and that is really what this is about this morning. our announcement about partnering with the u.s. government to accelerate the developing of our vaccine. and we to be thoughtful, are very hopeful as we look at our early data in these cases. it tends to be quite correlated with what we would expect to see as we take this into human testing in september, but we also need to complete those other trials. we will be do

maria: welcome back i am back with the ceo of johnson & johnson alex gorsky and i want to get to youraccine for coronavirus, you are going to be doing human trials, human clinical trials this november for covid-19, tell us about it. alex: the most important thing that we can do is stop the virus from occurring in the first phase. i want to highlight the efforts of our science system around the world who really back in late december or early january when we first found the underlying coded virus ramped up in a process that can take anywhere between 5 - 7 years and they were able to do it in a matter of weeks or months. we are working hard with partners around the world including the government, the fda, barter which is the organization responsible for vaccines in the united states and in europe, a collaborative way also with other academic institutions to do everything that we can to accelerate the development, we continue to run our different clinical trials and we expect to be starting up very soon likely within the next month and i think will have important data by the end of this y

alex gorsky. alex, it's great to have you this morning.s so much for being here. >> thank you very much for having me on this morning and really thanks to all your other guests and your colleagues to really keep everyone in america informed about this fast-moving pandemic. maria: well, i want to thank you and all of your colleagues at j & j for all of the work that you've been doing. i want to obviously ask you about the vaccine but it goes beyond that with all of the products that you produce every day that has been helping america and the world. but talk to us about the vaccine first. you said the company if it works it could be available for emergency use early next year? >> yes, look, we were really pleased to announce some of the progress that we made, recognizing that we've got a lot more work to do about our lead vaccine in the covid-19 program. now, it's important to know, maria, that this would ordinarily take up to about five years. but as we all know, these are very different times and we've got a team of scientists that literal

alex gorsky from j & j, appreciate it we'll be back tomorrow cnbc's special coverage continues right now. >> good monday morning welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faber. coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j & j, as you just heard, announcing a lead candidate for a covid-19 vaccine >> a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. i think this is a day, don't know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days we've come in and science has been playing catch up game today it sounds like science is on target. listening to alex gorsky, i've known alex for a long time, there was nothing in his voice that was tentative

that will ultimately be effective based on the early testing and modeling we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. market volatility continues. straight ahead. movements are. being. the ghost of christmas future. visiting the president trying to warn people what happens when you financial. me and you do. today christmas being. you know we've all been very very naughty. thinking about what we did this is a moment when the global community. as art slights against you know whites or men for example there's their sites against women or nonwhites so it's always the idea is that statements that directed toward a privileged group are interpreted differently than a statement directed toward an oppressed group and so that's kind of the whole framework and it's it's a political framework that's used the result is of course focusing at least on certain kinds of minor slights and saying well rather than or more than we need to call attention to them but it's not all slight so it's a very political and it's

that will ultimately be effective based on the early testing and modeling we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. now for a quick break but here because the other side market volatility continues markets have been slammed by the. straight ahead we breakdown stock movements around the globe and what lies on the horizon as we go to break the numbers of the close. oh. the atlantic alliance the bedrock of the post world war 2 global security is slowly but surely unraveling more often washington in brussels by virtue of them for the foreign policy issues today europe has a choice to defend its interests or fade into oblivion. microgram slights. you know why. for example there's. or more nonwhite so it's it's always the idea is that statements that directed toward a privileged group are interpreted differently than a statement directed toward an oppressed group and so that's kind of the whole framework and it's a it's a political framework that's used the result is of course focusing at least on cer

that will ultimately be effective based on the early testing and modeling we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. time now for a quick break but hey here because on the other side market volatility continues to roar as markets have been slammed by the demick straight ahead we break down stock movements around the globe and what lies on the horizon and as we go to break here's the numbers at the close. well done charles dickens captured the moment in the christmas count being a condemnation of capitalism wasn't yes you know the ghost of christmas future was neoliberalism visiting the president trying to warn people what happens when you financial lies the global economy and you do 3 or 400 years with the consumption today christmas being a holiday of consumption losing its significance as a spiritual soulful. and here we are you know we've all been very very naughty and we've all been sent to our room and we're all sitting in our rooms now thinking about what we did this is a moment of self ref

that will ultimately be effective based on the early testing and modeling we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. time now for a quick break but hey here because on the other side market volatility continues to roar as markets have been slammed by the pandemic straight ahead we breakdown stock movements around the globe and what lies on the horizon and as we go to break here the numbers of the close. your government and our government and all the other major governments of the world know what's going to happen and when it's going to. but they haven't told you and they haven't told me they haven't announced. imagine something as big as the earth is going to cause tidal waves earthquakes volcanoes are wrapped and it's going to help. so very for a while right. my great grandfather's. nobody would care about the law or prison so you'd have wallace of. a turtle between the. i can't show you my face but i'm going to teach you must store in 9093 this man was sentenced to death. they could charged wit

ceo alex gorsky says he expects the first batch to be available early next year. spiegel,s is dr.ctor for the center a few minute hearing health at johns hopkins. what do we know about this vaccine and its ability to actually work a year from now? dr. spiegel: these are very early days so they are in different stages trying out this vaccine. effective butl be it is too early to know. vonnie: it certainly sounds like it would be an amazing solution if it does indeed go through all the steps and get passed. i know you work on medicine for immigrants and refugees. it can be a bit of a hot potato. what are you seeing on how those populations are being treated right now? dr. spiegel: in the united states, it varies depending on immigrant status. the current administration, for health reasons, has stopped asylum-seekers from entering the country which is concerning from a refugee law point of view. speaking thedly key issue will be, will undocumented immigrants be able to access the health services? vonnie: what is your research telling you so far? have they been able to? dr. spiegel: i

gorsky was really fascinating like you said, the idea they are going to produce millions of doses andamazing in any event, i guess that's what we have to do let's show you what's going on as far as your weather is concerned. we are looking, wet weather and snowy weather into the pacific northwest. we've got storm systems developing now right from texas plains then we're looking at some snow in the northeast in northern new england. upwards 6" of snow right now we're mostly worried of severe weather stretching from oklahoma and texas all the way into northern louisiana and we are going to see mountain snows in the pacific northwest record highs making their way >> good morning. i'm meteorologist kari hall. we're still going to see those clouds linger today as a new storm system approaches. this one continues in the weekend and will only bring in some rain for the north bay. mostly this afternoon. the rest of the bay area will have a chance to dry out. and high temperatures will reach into the mid-60s. we're looking at upper 60s for the next few days, and then up to 73 degrees by the en

you know what i've seen science this is working in forgave earl avor ofd guys meg's work with alex gorsky made me feel maybe next year we can go to march madness or a football game without putting our lives at risk. the numbers are still so terrible, but positive developments cannot be overlooked >> we'll get to some of the forecasts for q2 let's give viewers a chance who might have missed it last night. >> we launched two tests in it the last couple of weeks, there's still more there's a need for more. we have a collection of technologies and formats there are more tests coming. antibiotic tests, a lateral flow version, which is more like a pregnancy test, it doesn't require instrumentation. >> see -- >> all right that is sort of -- that's on the horizon and in the near-term, we are seeing some evidence that mitigation efforts are working in italy with the percentage growth at a one-week low even some bay area doctors are n saying they're not seeing the explosion of cases they were fearing. >> and getting the ppe to the hospitals. i look at this and i think we keep hearing it's an unseen

that will ultimately be effective based on the early testing and modeling we've been doing while gorski said they are pursuing the vaccine on a not for profit basis it's unclear what the customer cost may be. time now for a quick break but hey here because on the other side market volatility continues to roar as markets have been slammed by the pandemic straight ahead we'll break down stock movements around the globe and what lies on the horizon and as we go to break here the numbers of the quote. world is determined by. the day. we. ask. they're just taking the only alternative all. the taking and as i say the stage shows the. cold real choice binary choice and only choice is it. must binary thing is not. the states will be by the new architecture of by the cold ted to start negotiations with. israel they don't invite you to negotiate them by seeing what's being put on the table. and welcome back western markets are continuing their upward trend staying positive for 4 out of the last 5 trading days throughout europe indices rose between a half a percent and 2 percent on monday the us i

johnson and johnson's stepping ofwith 10,000 pairs healthcare goggles that we need.ately alex gorski and i were back and forth. huge iconic new jersey institution and great leader. stepped uphs has again, they've come across with n-95's for a0 n-95's and5,000 they're scouring their client system to see if they can unearth any ventilators and by the way, john, since your question, we've got no evidence of anybody in new jersey right now making ventilators, not that we would not like that to happen. mike jersey industries, rene, sent me a note this morning stepping up in their cash to both relief funds as well as directly to needrofit hospitals who the financial support now more than ever. i want to thank mike and the jersey colleagues. lots of great examples of this. that's a recent list. we last saw you, a couple of group calls. i mightcase with judy, add, among others. yesterday, i think we had 119 of 120 legislators on a call both sides of the aisle. very good chance for judy and and others to get our sort of bring the speed.ture up to they've been great, by the way. i just exchang

it yields 3% i say to myself, as much as i like alex gorsky, what they're doing, that is still not at the level down 14% for the year where i feel like it's a lay-up. i want 4% yield. i do i want 4% yield. if i stick to my guns, i'll get it >> you may get it. you might. we'll watch that one let's -- while we have time, as the s&p is down 277, let's check in with rick santelli. the cme has closed the trading floor until further notice as a precaution to reduce large gatherings in the wake of the virus. we did get empire, we might as well get used to numbers like that >> yeah. >> we should get used to these numbers. they're going to be like this and they'll get worse actually remember, first of all, it is really weird, people, to be talking without all the background traders, the noise in the background thanks to the cme and our wonderful cnbc crew, here we are bringing you all the important market information in the end, exactly how things are going to turn out, i can tell you this, when we start getting the data that quantifies what we saw in today's empire, then all of a sudden we'll