Speed and Velocity
Velocity is a vector quantity so it has direction. Speed is just a scalar.
Consider this example: A man walks from his house to a shop.

Notice that distance traveled is a scalar whilst displacement is a vector.
Of course what we have calculated above is the average speed and the average velocity for the journey. Both of these quantities may vary from instant to instant.
Consider this example: A man and a dog have a race over 60m. Here is a velocity time graph for the race.

The speed at any instant is the "rate of change of displacement" at that instant.
It is how quickly the displacement is changing at an instant.
It is the gradient of a distance time graph at a particular time.
If s is displacement then v = ds/dt