Building On A Record-Setting Week, COVID-19 Developments, Apple Boost, Biden’s Tax Plans

Carl Quintanilla, Jim Cramer, David Faber discuss the surge in stocks, building on a record-setting week. The latest coronavirus developments driving the moves in the major averages. The Trump administration granting emergency authorization for a coronavirus plasma treatment. The White House is also considering fast tracking the COVID-19 vaccine candidate being developed by AstraZeneca and Oxford University, according to the Financial Times. Shares of Apple getting a boost ahead of its “record date” for its recently announced four-for-one stock split, applying to shareholders of record as of the close of business today. Plus, Morgan Stanley’s Katy Huberty increasing her price target to a street high of $520, from $431. Democratic presidential nominee Joe Biden and his running mate Senator Kamala Harris sitting down for their first joint interview with ABC’s David Muir. Biden discussing his plans on the tax front saying, “I will raise taxes for anybody making over $400,000,” adding that there will be “no new taxes” for those making under $400,000. And airlines moving higher, as Delta announces it’s going to reinstate 50 international flights to its schedule this winter. Plus, a report that says American Airlines will receive EPA approval today to use a new surface coating that kills the coronavirus.