95 points higher. You know liz mentioned this down the stretch of her show, russell 2000, the small cap stocks, dow transports they both closed at records today as well. That is kind of day. A lot of green and really big day for stocks. Im Connell Mcshane. We welcome you to after the bell. Those are the numbers at the close. Time now for the news thats happening at this hour. We have fox Business Team coverage with Jackie Deangelis in the new york newsroom, blake burman reporting from washington, also get to Hillary Vaughn in wilmington, delaware, president elect biden just wrapped up there remarks on the economy but blake, lets start with you. That is the big news today. That Moderna Vaccine. Tell us about it. Reporter they expect, connell, moderna does to apply for the eua, emergency use authorization in the next couple weeks. Maybe distribute the covid19 vaccine by the end of the year. When you look at numbers on the Clinical Trials it is about as good as they hoped for. Here they are. 15,000 patients who took the covid19 vaccine, received doses two weeks apart, proved to be 94 1 2 effective. 15,000 patients also had the placebo. What is so important about this vaccine it can be stored through commercial means that already exist. Listen here to the companys ceo earlier today on mornings with maria. We have as of this morning 30 days of studies where you can take the product out of freezer like a distribution center, mckesson, well use distribution and put it in the fudge, regular fridge like you store insulin at cvs walgreenses or doctor. That is a big change to the product that were very excited about. Reporter so if this Moderna Vaccine ends up hitting the marketplace in the upcoming weeks there will potentially be a lot of it. Because under operation warp speed the u. S. Government penned a 1. 5 billion contract, meaning that there will be some 50 Million People treated in the u. S. Potentially wit and connell, the u. S. Government eventually will have the option to buy more of it down the line should it choose to. Connell . Connell we heard a lot about that friday when we didnt know about these results, operation warp speed. In terms of how the distribution work, how they get it, how is that going to play out and what do you know about it . Reporter its a good question, right . What are the details whenever there is a vaccine or vaccines down the line, who gets it, when and how. I asked the white house about this, connell. Here is what white house official Brian Morgenstern saying they still need data to come in, all of it at least to figure out who gets it when. He told me, and i quote, the cdc will provide further details about prioritization after an independent review of the data by experts. He goes on to say we anticipate the first doses will go to vulnerable populations and health care workers. Connell . Connell makes sense, blake, thank you. Blake burman live from washington and there is plenty of optimism today on the vaccine front, understandably so but reality when it comes to the virus in many states, thats far from optimistic. In fact you look at hospitalizations from covid, they have reached alltime highs in at least 26 states. Over the last week t prompted new restrictions to be put in place in many spots. Of course that has an economic impact. To get all that into perspective get to Jackie Deangelis live in new york. Reporter good afternoon to you, connell. Maker, creator of the pfizerbiontech vaccine we heard last week, 90 efficacy, he said life will not go back to normal until next winter. Were not really in the thick of this winter just yet and weve been through eight to nine months of the pandemic and people have fatigue. That gives you perspective how these vaccines will be distributed and what the expectation is for enough of the population has it we can resume our normal activities. It is positive yes. The market is reflecting that. Definitely something to think about as we look at the kinds of numbers were seeing heading into the thick of things right now. 26 states as you mentioned with covid19 new daily cases alltime highs. Louisiana, new hampshire, new jersey, pennsylvania, california, new york. Look at some of those numbers there. They are pretty troubling as Mitch Mcconnell said today on the senate floor. You know states with record hospitalizations illinois, indiana, missouri, ohio, theyre seeing some big jumps. That was always the thing, that the hospitalizations were going down. We need to watch it. Restrictions in place across the country, new ones in new jersey, restricting indoor gatherings. Oregon implementing a two week covid19 freeze and the governor warning that violators could face jail or even hefty fines for breaking those rules. In Washington State some new rules too. Bars and restaurants cant seat patrons indoors. The Retail Stores including groceries have to limit to 25 capacity. Gyms cannot serve customers inside. You know were going into thanksgiving. So many states said limit your gatherings, this will not be your normal turkey day, connell. Connell no doubt about it. Well talk about that right now. Thank you, jackie with dr. Michael sag a little bit. People are trying to make plans. A lot of good news. Dr. Sag university of alabama birmingham professor, division of infectious diseases. That news is reflected in the stock market. People are optimistic about something. First pfizer and now moderna on the vaccine front but i may as well start where jackie did on this question what do we get something resembling normal in this country . What is your best sense to that . I agree with the comment from pfizer i think it is going to probably be into the fall and winter of next year. So we have some time. It will start maybe Getting Better into the summer but heres what we should look at, before these vaccine results came out none of us knew when this might end. That was kind of harrowing. Because it could have gone on frankly for years. Now we know that there is a lieutenant at the end of the tunnel and that light is not a train. So thats good news but in the meantime as you also just heard the numbers of cases are reaching levels we have not seen before and from the cases goes the hospitalizations and then unfortunately the deaths. So what i would plead to everyone to do is lets triple down on what we know to do to protect ourselves. We should be wearing masks, avoiding gatherings. Thanksgiving and christmas unfortunately will have to be different this year but maybe if we all do what we need to do next thanksgiving and christmas will be better. Connell right. Because when we were first think about these issues to your point, it is a really important one, we didnt know what the future would hold. Many thought in a few weeks well get through this. That kind of thinking was popular back in march and april, it sounds ridiculous now but the fact we didnt know when the end would be. We may not know it yet but to your point there will be one, so what is your thanksgiving look like for example, what are you doing with your family this year . Just about four or five of us hanging together. Well have zoom, linkage to other family members we can celebrate at a distance a big distance. That is what we have all need to do. I think with the number of cases that were seeing the scary part is that this is just the beginning. I wouldnt even call it a surge. I would call it a spike. That spike is something we havent experienced. Unless we do something proactively to bring it under control then were going to have a big problem in december in terms of hospitalizations, deaths and no room a the inn in terms of icu beds. Rather than getting all nervous about that, why dont we avoid large crowds. I would say stay away from restaurants for a little while, bars for sure. I would try to do religious services at a distance. That is, electronically. I know we all want to be together but now we know we have something to look for, forward to i think we can tolerate it better. Connell just get through this. Then you will get to that point. Talk to me about hospitalization as little bit. You brought it up a few times. Those numbers are really ugly when we look pretty much around a wide swath of the country but in particular now, what is different about it, at least what im seeing, you see it in the rural areas. You didnt see it in the past. Maybe some of those hospitals, some of those areas are not as well well equipped to handle the surge. How worryou we be about some of our rural hospitals in the country . I think we should be concerned and it concerns me deeply. What is different from most in march and april, mostly manhattan, major cities, they had the wherewithal the capacity to manage. The rural hospitals are getting hit hard, north dakota, south dakota, other areas we normally wouldnt have thought about covid. Those hospitals have only a few icu beds. Here is the downstream that is a little bit concerning. Say the hospitals fill up with patients of covid. If somebody has a heart attack, needs an icu bed it may not be available. It is up to us to work together, if we do the right things we can start to turn the corner on that and keep us all safe. Connell and again use the good news as you say to get us through this period so we get to the other side. Dr. Michael saag, thank you, uab, for joining us once again. In covering this pandemic, one thing is increasingly obvious, nothing seems to come easy, right . Take restaurants where Outdoor Dining is allowed. You need heaters in cold weather location. There is a run on the heaters because everybody wants one and they become very, very difficult to find. Well now hospitals and local governments are starting to worry about stockpiling enough freezers to accommodate largescale distribution of the covid19 vaccines as was mentioned earlier has to be kept so cold, especially with the pfizer vaccine. Gerri willis joins us with more on this. Gerri . Reporter hey, connell. You got that exactly right. As pfizer prepares to make its covid19 vaccine available cities, states, hospitals theyre all scrambling to get their hands on the ultracold freezers that can safely store the doses and as weve been saying pfizers vaccine, said to be 90 effective requires storage at 94 degrees below zero. Especially freezer makers are warning months long waits for units. Now all eyes on Companies Like Thermo Fisher scientific which has been preparing for weve taken a step back in the early part of the year anticipating what the demand was going to be with plus two to eight, minus 20, minus 70. We took very specific actions to protect our supply chain with, you know, purchases of Raw Materials that are used for production as training people in our facilities. Reporter all right. A third of states are buying ultracold storage equipment. Each of these units cost 5,000 to 15,000. Last week the kentucky governor, said hey we need federal government to step in here to give us money to buy freezer units. The concern may be overdone. Who says that but nobody but the cdc. They said the first vaccine doses will be limited in quantity, rapidly deployed reducing the need to store them in specialty freezers. As blake said earlier, moderna announcing a vaccine this morning, 94. 5 effective that requires no specialty, low temp freezers. In fact the vaccine can stay stable at standard refrigerator temperatures like in your kitchen of 36 to 46 degrees for a month. Connell, i send it back to you. There is other demand that may be difficult to satisfy. The gas industry bracing for demand for orders of dry ice. That is another way of keeping these vaccines cold. Connell. Connell yeah. Some of these things you dont think of are very, very important. Gerri, thank you. Good reporting gerri willis. The future for students is in limbo meantime as more parents are pulling their kids out of schools around the country. States are pushing forward to new restrictions. What that mass exodus could mean for virtual future . Sounding alarm about restrictions impact of a shift in the oval office, the impact it could have on one major industry. Were on the ground in illinois to talk more about that a little later on in the show. Out of this world experience from spacex. The dragon crew successfully launching for a sixmonth stay in space. 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The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventyfivedollar credit when you post your first job at indeed. Com promo. Connell it was bidennomics on display in delaware. President elect joe biden and Vice President elect Kamala Harris speaking about their economic plan. They just wrapped up as a matter of fact a short time ago and hill very vaughn live in wilmington. Took question as well did the president elect. She joins us now with the wrapup of all of that. Hillary . Reporter connell, the president elect hosted a meeting with a lot of Union Leaders and ceos of major corporations like target, gm, and microsoft. He said there were more Union Leaders on the call, he wanted to prove a point he is a union guy and unions will have a lot more power with him as president. He said there was Common Ground between the Business Leaders and the unions. They both masked back ad mask mandate as the key to get businesses open and workers on the job. He also talked about the Promise Development of a vaccine saying it is promising but not a quick fix. He warns if the Trump Administration continues to keep them in the dark about the distribution of that vaccine he said, quote, people may die if we dont coordinate. It is great news that moderna and pfizer each come up with vaccines in excess of 90 effective necessary. Getting the vaccine and a vaccination though are two different things. Everyone on our call today and our zoom today agreed that the sooner we have access to the administrations distribution plan, the sooner this transition would be smoothly, move forward. Reporter biden said the best thing he can do to help businesses and workers today is to convince Senate Republicans to back the two trillion dollar stimulus that House Democrats passed last month. That is the first time that biden has given a ballpark figure of what he thinks is good enough right now in terms of a stimulus and it is clear he is on board with speaker pelosis price tag. I would pass the heroes act. It has all the money, capacity to take care of each of those things now, now. Not tomorrow. Now. And the idea the president is still playing golf and not doing anything about it is beyond my comprehension. At least you would think he would want to go off on a positive note . But what is he doing . And there is virtually no discussion. Reporter and also biden teased that the day after he is inaugurated, connell, he will be rolling out a very thorough plan on trade. Connell . Connell all right. As i said at the top part of that, maybe that last sound bite you played was one mr. Biden was taking questions from reporters, i caught maybe half of that. I thought most interesting or one of the most interesting exchanges was about the vaccine, right . Can you tell us about that . I know he was asked, would you take the vaccine and how he handled it . Reporter yeah. He said he wouldnt hesitate to take the vaccine as long as essentially got the confirmation from dr. Fauci along with pharmaceutical Companies Like pfizer or moderna that the vaccine is safe to take. He said the reason why there has been a question whether or not its safe is because he thinks thats trickles down from the president s leadership right now on that. Connell . Connell little different than Governor Cuomo in new york which well talk about later on in this hour. Thanks, Hillary Vaughn, wilmington, delaware. Leaving a legacy meantime, there is a report from axios, President Trump is expected to double down on the hardline approach he is taking to china his final weeks in office. Then the question becomes will the Biden Administration stay the course or maybe stray from that course . Joining retired fourstar general jack keane, senior strategic analyst. Good to see you. Republicans and democrats may agree but im not sure the approach would be the same however. How do you think incoming Biden Administration will handle things other than President Trump dealing with china . There is an agreement that framework President Trump established. Number one threat china, regional competitors and threats from north korea and certainly from iran. When it comes to china i think they, the Biden Administration coming in agrees that china is an aggressive nation now and we have to be able to deal with them in a way that we have not in the past, largely in the past it has been a policy of appeasement hoping that political reform would follow economic reform and it didnt happen. We lost bad. Where are we . I think what well see is, likely a more conciliatory tone with the chinese leadership from the Biden Administration. I also think that they will try to work with the chinese government, particularly on the pandemic and on climate change. Likely continue competition with them. Certainly economically, continue to competition with them in terms of research, development and technology and confront them over military expansion to be sure, human rights, treatment of uyghurs, hong kong, taiwan i hope remains to be seen. So there will be, there will be differences. I think the question is unanswered. We wont know until we get into it, connell, listen, Foreign Policy, National Security has not been talked about at all you know in the campaign and even in the debate. We never had one. So were in a little bit of a dark here. I think what many of us who agree with the general framework of dealing with china as an aggressor, not just as a competitor, we dont need to go back to any of the appeasement policies that would be a huge mistake and which would lose our allies over that. The Trump Administration has made some progress with allies. Go ahead. Connell if you think, the approach or the china were dealing with now or at least our own perception of it changed to your earlier point so much since president elect biden was kind of telling us on his own policy was, pre08. He was president obamas Vice President after that. He has a lot of Foreign Policy experience. It is a different scenario when we were trying to get along with china, mutually beneficial relationship we thought. That has changed. China teaming up with countries in the asia pacific region. I dont know how, 14 asiapacific regions on trade. Biden teams up with our allies versus china . Would you recommend that or be more unilateral which is how President Trump pretty much handled things . I think what we were doing handling things economically making trade deals with individual companies. The pacific trade agreement had a lot of flaws in it. I think the Biden Administration took that on and tried to work through some of those flaws, that would be very helpful. Our allies out there, weve done more work out there than, then i think the Incoming Administration would ever give the Trump Administration credit for with our allies. They clearly want to work with the United States there is no doubt about it. China is an aggressor nation. And the other other thing the Biden Administration is certainly sensitive to most of the American Peoples idea about china has changed. They see china now as a threat to the United States. Connell big time. And i mean that is why you see both parties saying similar things because the peoples attitudes have changed. General, always great to see you. General jack keane with us today. We have an alert i want to get to from the sports world. Apparently no fans at the ravens game. Baltimore ravens game. Theyre playing Tennessee Titans on baltimore. Not like theyre selling out the stadium or selling it out. They had been allowing some fans in. This week no fans after Maryland Governor larry hogan spoke with Government Health officials. This ruling came down from the team after speaking with the governor and those officials. Marylands cases are going up. The Covid Infection rate in the case is rising. Hospitalizations have been rising in that state. We talked about some others as well. At least 7,000 fans had been allowed. That was the previous game. None this weekend. Well be right back. Because our way works great for us but not for your clients. Thats why were a fiduciary, obligated to put clients first. So, what do you provide . Cookie cutter portfolios . Nope. We tailor portfolios to our clients needs. But you do sell investments that earn you high commissions, right . We dont have those. So, whats in it for you . Our fees are structured so we do better when you do better. At Fisher Investments were clearly different. har betsy twelquarter mile of tinsel. Lights. Our fees are structured so we do better when you do better. harold and real snow all the way from switzerland. betsy hmmhm. Gonna be tough to top. betsy well played. vo add some thrill to your wish list. At the season of audi sales event. Get exceptional offers now. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know . If you have medicare and medicaid, you may be able to get more Healthcare Benefits through a humana Medicare Advantage plan. Call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. Learn about plans that could give you more Healthcare Benefits than you have today. Depending on the plan you choose, you could have your doctor, hospital and Prescription Drug coverage in one convenient plan from humana, a company with nearly 60 years of experience in the healthcare industry. 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A licensed humana sales agent will walk you through your options, answer any questions you have and, if youre eligible, help you enroll over the phone. Call today and well also send this free guide. Humana, a more human way to healthcare. Connell we have a fox business alert here. Warren Buffetts Berkshire hathaway Just Announced after the bell it will be investing in a number of big drugmakers. New stakes in these four on the screen, abbvie, Bristolmyers Squibb and pfizer. All are up afterhours. Berkshire hathaway taking new stakes in those drugmakers. We have liftoff. The spacex resilience crew dragon launching yesterday, docking with the International Space station this evening. This is a six month stay for the crew. Foxs phil keating tracking it all at the Kennedy Space center on floridas space coast. He joins us now. Phil . Reporter connell, the capsule right now is basically screaming on Cruise Control up above the earth at 17,000 miles an hour as it makes the journey. 21hour so far journey but 27hour total journey to get to the International Space station tonight. After the sunset black of night the falcon 9 rocket lit up the sky brilliantly shooting the crew in the First Certified commercial flight. The first for nasa as paying customer for rides into space. Ten minutes after liftoff, more pictureperfect achievements as the stage one stuck the landing on the drone ship. Once more back in comfy black votes for the astronauts, Mission Control in houston spot ad problem. Three of four propel ant line heaters associated with the spacecraft thrusters disabled. Ultimately that was fixed. All now remains good. A stowaway was revealed in the waitless flight. This tiny baby yoda doll from the the star wars series using the force. The astronauts came out from the teslas in the ride to the pad, one noticeably socially distant last farewell and goodbye to the families and loved ones who they wont see againuntil may of next year. Another historic night. I want to congratulate the nasa team and the spacex team for an amazing job yet again. So the big milestone here is that we are now moving away from development and tests and into the operational flights. Reporter spacex and nasa are simply ecstatic the capsule arrives at the International Space station at 11 00 eastern time. Three hours later into the morning the hatch will open, all four astronauts will float inside to join the crew of three waiting for them. Connell . Connell great stuff. Thank you, phil. Phil keating down in florida for us. Governor of new york, andrew cuomo is heating up the battle he has going with the white house at least after one Top Health Expert issues a new warning for the potential of Vaccine Distribution delays. Well talk about all of that. One industry bracing for the possibility of stricter regulation under the Biden Administration. Were talking about farming. Well have a live report from a farm in illinois what lies ahead. Rolling out its holiday merchandise, arbys is debuting a deepfried turkey pillow. The fastfood chain says it is designed to be worn over your head. Of course. This goes without saying, the pillow is currently sold out because this is america and this is what sells out. Arbys say fans can win one through the website. That is good news. You can win a turkey pillow, put it on your head. Not to be left out cheetos out with the firstever holiday cookbook. Complete with 22 elevated cheetosbased recipes from celebrity chefs. To get a copy make a donation to the world central kitchen. A good cause. Back with more in a moment. Metastatic Breast Cancer is relentless, but im relentless too. Because every day matters. 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How hard is your Business Software working for you . With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. Hon . First off, we love each other. 50 of the American People dont trust a vaccine. They believe he politicized process. We have independent panel with a Nobel Laureate can say its a fair process f people dont trust the vaccine they will not take the vaccine. Connell governor of new york andrew cuomo continues to slam the Trump Administration. He has been fighting with the president over the vaccine rollout. Also today dr. Fauci raising concerns over the vaccine being delayed because the transition between administrations is delayed. So here now to talk about vaccine and politics, Dan Henninger, wall street journal contributor. This is heated up from last week, but what do you make of all this . Joe biden said himself he would take the vaccine if it is approved and fauci is okay with it and Everything Else but cuomo is tougher sell . What do you make of it . You know it is hard to know what to make of it, connell. I think Governor Cuomo behavior on this subject has been increasingly petulent and even strange. Consider when he is saying he doesnt trust the vaccines coming out right now, what a bizarre insult this is to the developers at pfizer, moderna and indeed the food and Drug Administration who have been moving mountains since march to try to develop these vaccines. The idea that you cannot trust them simply because donald trump is in the white house is truly very strange idea and i would add to that, the fact there is enough doubt out there as we all know about vaccine doubters to make this problem difficult enough as it already is. And so, you know, governor trump, if he Governor Cuomo, if he were acting the least by the responsible would be trying to reassure people they can trust this vaccine and it will not, it is not going to harm them. Connell yeah. Especially for those of us who went through what we went through in the spring in new york. We would like to get ahold of this vaccine as quickly as we possibly can. You dont want it to slow down even if joe biden ends up being in office if it is rolled out. That brings to ask you about dr. Fauci on the today show. He is concerned with the president not having conceded the race yet, there is no coordination between the administrations, that could slow down the vacs sign rollout as well. Your authorities on that issue . Connell, we have talked to some of the people involved in the distribution in the administration and i dont think am as concerned as dr. Fauci is. I think they do indeed have a good plan to distribute the vaccine. Theyre going to use it ultimately through some of the Distribution Channels that are used for the flu vaccine because the by and large work so well, whether pharmacies, hospitals, family doctors, and the rest of it and i would guess the happenedoff between the administration handoff between the Administration Officials preparing for the use of this vaccine and the Biden Administration if there is a Biden Administration, should be pretty seamless. I would not anticipate a big problem. Connell stay with us, dan, for the next conversation, bringing Lauren Simonetti now. She has been reporting on the new York City Schools today. Weve seen a big drop in enrollment in the School System, number one, lauren, today we thought might be the day that the School System closed, went back to all remote learning. That did not happen. What is the latest in new york . No, schools were open today. They will be open tomorrow. That is all i know for now. Theyre teetering on the brink of closure because new york city mayor de blasio, he is doubling down on shutting the Public Schools if the infection rate in the city hits 3 . Listen. We also said that we would hold to a 3 threshold. We said that to go give people confidence that we would put health and safety first and we have put health and safety first and we will put health and safety first. So were sticking to that threshold. Lauren here is the rub, the infection rates in the schools are drastically lower than surrounding neighborhoods. Theyre nowhere near 3 . New York Governor Andrew Cuomo could overrule de blasio. There is no sign that he will. New york state mandates closing a school if the infection rate hits 9 . Much less in new york city Public Schools. Meanwhile in new jersey new limits start tomorrow on indoor gatherings. 10 people is the limit. That includes some school sports. Parents, you have myself included coast to coast pulling their hair out. Guess what, theyre pulling their kids out too. 31,000 students left new york city Public Schools. The same number for Washington State Public Schools. So far this year we have a long way to go. 16,000 from miami. 11,000 from los angeles. So what are parents doing . Theyre opting for private education, parochial education or theyre homeschooling. Since schools are funded by taxes, many are going to take a revenue hit if some states dont scrap the formulas that use enrollment numbers to determine funding allocation because if you have fewer kids, that generally means youre getting less funding at a time when you need more funding than ever, connell. Connell you do indeed. All good points. A tough situation for many local areas. Lauren, thank you. For the parents in them. I wantwant to wrap this up with Dan Henninger go back to the point on 3 in the schools. Lauren is right, the infection rate in the schools is nowhere near that. That is one point. I was looking at the European Countries im necessarily saying that they are the model for handling this, im not sure if that is the case, when they go lockdowns in the European Countries they keep the schools open. Keep the kids in person. In new york if we end up closing them you would have a lot of businesses open and schools closed. What do you make of all this . Well, connell i think this is a very, very big story that lauren just reported. It is something that has been running beneath the radar for sometime now but were talking about really, not just in new york, but all of the big urban School Districts such as chicago and los angeles is really a building existential crisis of confidence in the public School Systems. Parents who are really frustrated beyond description over the inability to get their kids an education and the inability of the people running these School Systems to give them straight answers when they can go back to school, when they will be in school, when they will be learning virtually and so forth really developing an extraordinary level of distrust among parents. Those of us here in new york city have been watching local coverage of this foremonths. Parents are so angry and bitter at their government, whether it is bill de blasio, andrew cuomo, the chancellor, indeed the unions mo are primarily responsible for holding back the systems on teaching at the same time the private schools, catholic schools, have been taking enormous efforts to see that they can open, put their kids in the classroom and indeed, there is going to be an exodus out of the public School Systems in these big urban systems because they are so large, so centralized, they have been unable to execute a plan to fill parents who presumably are their customers. Connell right. But the kids cant afford it, cant afford to leave, those are ones you really worry about, dan. 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Did you know liberty cemutual customizes your Car Insurance so you only pay for what you need . Just get a quote at libertymutual. Com. Really . Ill check that out. Oh yeah. I think i might get a quote. Not again aah, come on rice. Do your thing. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Connell here is a fox business alert from airbnb the Home Rental Company filed for initial public offering. A few details in the headlines crossing. Up to a billion dollars. Talk bin Investment Bankers involved from goldman sachs, allen and Company Involved as well as bank of america. Airbnb. This is one of the big ipos weve been looking for. The thinking i believe they will start trading by the end of the year. We dont know the timing yet. We have the ipo filed and class a common stock listed on the nasdaq. Abnb. That will be the Ticker Symbol once it trades publicly. That is just in. Were talking about restaurants whether in new york city or other places. Particular any in new york theyre in a bind with the 10 00 p. M. Curfew that Governor Cuomo put in place. You have to close your restaurant by 10 00 at night. We spoke with one Restaurant Owner back in june. Did our show as a matter of fact, when Outdoor Dining first began. Now he is preparing for elements of the winter. And a spike in covid19 cases. Once again joined by the owner of the tara vino you have five restaurants in manhattan . How many are open right now . Four of them are open, connell. How are you . Been a while. Connell im all right. Yeah, we had a great day in your westside location when we did the show there back in june. What is this new restriction do to you guys . You have to close down by 10 00 at night. I know times are already tough. Now what . Well times are getting tougher. Ive been telling my friends and family it is going to get worse before it gets better. We had to close friday night at 10 00 p. M. That means the last seating was at 8 30 p. M. We have to allow people to enjoy their dinner both indoors and outdoors. That is hampering our business. It will be a very, very tough winter. With the hope that were not shut down any further. Connell right. Were showing some of the video of your location from earlier, also when we were there. This is now some other restaurants in new york but you talked a lot about Outdoor Dining. At the time you were trying to make it work on the upper westside. That was the first day. People were coming in. It was a nice day and the rest. Now it is getting cold. Will that work out this winter the Outdoor Dining scene in new york or how is that going . We spent on average about 20,000 per location to sort of winterize our Outdoor Dining. It is really tough. Getting heaters, electric heaters, gas heaters. It is very, very difficult. Last night, for example, we had, warning for tornado warning. We had winds that were incredibly high and our tents just blew open and got destroyed. Driving down manhattan i saw many other restaurants whose tents were just on the ground and basically irrepairable. So we, it is going to be incredibly difficult. It was 50 degrees today. People were dining out. When it gets in the 40s it will be just a complete disaster. Connell i wish all the best obviously. You know, it is just, sorry to cut you off. Were running out of time. Well have you back on again because we want to keep foaling up on these issues. We wish all the best and on top of everything you get a storm like that yesterday. Boy, 2020, cant go away fast enough. Luca, well follow up on the issues in new york. Another quick break. Well be right back here after the bell. They were able to give me a personal loan so i could pay off all of my credit cards. I got my mortgage through sofi and the whole process was so easy. Choosing sofi was literally one of the best decisions i could have ever made because it gave me peace of mind. Hey kaleb, whats up . How you doing . 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The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Connell the voice now from americas heartland as, you know, President Trump has strong support in the farming community. Now some of those farmers are bracing for the impact on their business when president elect biden becomes President Biden on january 20th. Grady trimble is live on a hog farm in illinois. Grady. Reporter no secret, a lot of farmers supported President Trump, his deregulation policies, his a approach on trade. The u. S. Net income for 2020 across all farms is expected to be around 103 billion. Thats around 65 increase from the year before President Trump took office. So a lot of farmers say we have the president to thank for that. Brian duncan is with the illinois farm bureau, hes also a hog farmer himself. So what are you expecting in what are some concerns with this new administration . Well, grady, i think my concerns with this new administration would be the same for any administration, will we continue to have Economic Opportunities for farmers, or will exports continue to grow, will Renewable Fuels be key in the future, and will they continue to grow. Will we have a common sense Regulatory Environment . And will we have tax policies that arent confiscatory, but yet allow for generational transfer of farms. Reporter yeah. You want your kids to take over this farm. You mentioned the usda. I think they had record payments to farmers this year to offset some of the challenges you guys have faced. And you mentioned when we were talking that you are pretty pleased with the way the Trump Administrations usda has operated. I think a lot of farmers are very pleased, especially with secretary perdue. Ive had many farmers tell me they think hes the best ag secretary they have ever seen. Even the appointments on the local level, even the region five epa administrator have been very good to work with, very open and accessible. So is theyll leave behind some big shoes to fill, there is no doubt. Reporter so, connell, as it always is every four years, its a wait and see approach, but they are optimistic on some of bidens policies he has said he would put in place to affect them. Connell we talk a lot about taxes, but for many businesses regulations may be even a bigger story to keep an eye on over the next number of years. Grady, thank you. As we wrap things up, we know covid is surging, the vaccines are coming, and the stock market closes at an alltime high. The dow getting closer and closer to that 30,000 mark. That is the news after the bell. Thanks, as always, for watching. Im Connell Mcshane in new york, well see you back here tomorrow. Lou good evening, everybody. There has been another major breakthrough to report in the fought against the china virus. Biotech Company Moderna says theyve created a nearly 95 effective vaccine. That news in turn created an explosive rally on wall street today. The dow gaining 471 points, its eighth record close of this year. The s p up 42, its 24th record close of the year. And the nasdaq gaining 95 for its highest close since september. Also the battle for the white house tonight, supporters of President Trumpsh