Plus, later on in the program, the head of pizza hut will tell us about business in a covid world today. A check on the Restaurant Industry. Hell reveal the companys latest menu expansion and the brand new product that has hold out in a matter of hours. But first, lets take a look back at some of the weeks big movements in this e moments in this weeks edition of the talkers. Watch. Tell us about your experience this morning on the pfizer drug. I had two doses in august, one in early august, one in late. Minimal side effects, but im feeling great, and im feeling very confident. Maria how do we control Health Care Costs . Thats one of the most important issues, i agree with you. Its a critical issue, and Neither Party has a brilliant answer. Its the hardest issue, ironically given the 12 years of battle over the Affordable Care act, ironically, that was the easy part. Maria and what are you finding so far . What do you think went on here . The core of the case, called the meat of the case, one thats common really in ten cities of which were probably going to sue in at least eight or nine of them, is that they stopped republican watchers, inspectors, observers. Maria there are reports that the military seized servers in germany, and they were showing landslide votes for trump. I mean, number one, the constitution provides for this. The constitution is written so that if there are disputes, if there are uncertainties, theres a process to go through, and thats where we are. Maria markets torn this week between news of more covid restrictions and renewed hopes for vaccines and perhaps a stimulus deal. One prominent strategist, thomas lee, says get ready for a rally though. Hes boosting his target for the s p 500 to 3800 by the end of this year. Joining me right now is rosecliff founder and managing partner mike murphy. Thanks very much for joining us this weekend. Good morning, maria. Its great to be with you. Maria you also say new highs are coming, but the s p 500 will surge more than 200 points in the next five weeks . Youre looking for a really strong year end. I am. And, you know, maria, i think a lot of the market has been depressed by whats been going on with covid, you know . So we dropped heavily, and now weve recovered a lot from there. But i think the underlying fundamentals of the market support a much higher valuation than where we currently are. So i think year end youre going to see money coming off the sidelines, going into high quality names, and i think the upside is quite sizable from here. Maria so, mike, what about the news at the end of the week where we find that treasury secretary Steven Mnuchin wants to ensome of those lending end some of those lending programs that are tied to the Federal Reserve stimulus . Steven mnuchin seeking to pull the plug on most of the Federal Reserves emergency Credit Facilities including the main street and the knew us in pallone programs municipal loan programs. What kind of an impact is that going to have if these programs go away by year end . Maria, i dont think its going to have too much of an impact, and thats why im still very bullish here. Those programs were put in place earlier this year when we were in the middle of a pandemic and we didnt know where we were going, we didnt know how we were going to control it, if we could control it, how deep our recession would get and when or if we would come out of it. So now that weve gone down that road, weve recovered a lot, and we have vaccines that were hearing great news on on a daily basis. I dont think its necessary right now. So although top line it could spook some investors, i think overall the Biden Administration, if they do take office, are going to put their own treasury secretary in, theyre going to have their own plan in plus. I think the feds low Interest Rates for a long time are a much bigger story and much more a boost for the markets than this emergency stimulus because i dont think the facts point that we need it right now. Maria yeah. And wall street is betting on roger ferguson, former or ceo of tia who i reported is wall streets big bet in terms of the incoming treasury e secretary. How do you think things change with an Incoming Biden Administration . I know that this election is being contested by a sitting president , President Trump says that there was major fraud in the election process. But lets say the Biden Administration does, in fact, win out here and we see a whole new team. What are you expecting in terms of the impact on markets and the economy . You know, i think from a starting point, maria, youre going to have a fed thats still accommodative, a fed thats going to keep rates lower for longer. So thats the starting point. But all hope a new treasury secretary coming in is going to do as good a job as Steve Mnuchin did, hes going to be able to give us an idea of what the administration is thinking, give us a probusiness backdrop for the fed, you know, that the fed is there to support the economy, and a Strong Economy supports strong businesses which ultimately support strong stock prices. So as long as we get transparency from the new, if theres a new administration, new fed chief, as long as we get we have an idea of what theyre thinking, because the market will not like surprises. If they just give up their playbook and stick to it, i think were going to bed good. Maria well be watching. Thank you, sir. The founder and managing partner of rosecliff, mike murphy. See you soon, mike, thank you. Dont go anywhere, my oneonone with the ceo of moderna is next on its amazing vaccine news. Stay with us. [ engines revving ] its amazing to see them in the wild like th shhh. [ engine revs ] for those who were born to ride, theres progressive. Lets be honest. Quitting smoking is hard. Like, quitting every monday hard. Quitting feels so big. So try making it smaller, and youll be surprised at how easily starting small can lead to something big. Start stopping with nicorette. Starting small can lead to something big. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. We do things differently and aother money managers, dont understand why. 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 our clients do better. At Fisher Investments were clearly different. Maria . Big news in the race for a Covid Vaccine this week. Pfizer and biontech announcing they are applying for emergency government approval for the Coronavirus Vaccine this week. It is shown to have a 95 efficacy rate. I spoke with health and Human Services secretary alex azar about the timing of the announcement. Thanks to President Trump, hope and help are on the way. Tomorrow were literally ten months from this plague hitting our shores, and today pfizer will be filing an emergency use authorization for a 99 5 effective 95 effective vaccine thanks to operation warp speeds support. Now, what will happen is we will announce an finishing da Advisory Committee date, and assuming the data as clean as it appears and assuming there arent any other hitches in the process, we can literally be looking at authorization of this vaccine within weeks. And as the Defense Department and operation warp speed has said, we will have shipments within 24 hours of millions of doses of this vaccine out to the American People to get it to the most vulnerable of our citizens. Maria also news from moderna this week, its stock rallied on news that its vaccine is 94. 5 effective. I spoke with the ceo, stephane bancel, about the companys breakthrough. The vaccine at this first phase, the real test of la see see bow control has shown 94. 5 every cat su. But, maria, its the fact that and all of these people were on placebo, meaning people with corona vaccine did not get any disease which is, or of course, a gamechanger. Maria that is an incredible gamechanger. It shows that signs of being safe as well. Can you tell me what youve learned from this trial and what happens next . Yes. So safety is very similar to what we published in phase one study. You have some side effects that are lock at the site of unnext, a little pain, a little redness, some people have a little headache, a bit of fatigue. Whats next is in the coming weeks we will finalize the study. It was 151 causes. Today we announced 95 cases, and then we will to try to get a proposal. We have, of course, discussion all along with the fda, and in the coming weeks to file this and fda is cooperate to get the vaccine in the hands of people that need it, elderly, people at high risk for working with cdc. Maria so that would be the priorities once you do have that wider use. What is your timetable, stephane, in terms of getting that wide or use for this vaccine . Yeah. So the approval i think in december, and then i think also in q1, in the First Quarter to have full approval where, you know, every american who wants a vaccine that is 18 years of age or above can get access to a vaccine we are very soon going to start a study in teenagers, and im hopeful that we might get the results with by the summer. So if a vaccine is proved to be effective and safe in children, that they could get vaccinated next summer so that they go back to school in september 21 in a normal life cycle. Maria that is phenomenal news, stephane. Let me ask you, were the people in the trial already sick . Because i know that what we have here is news that this covid19 vaccine can prevent getting sick, right . You can prevent it. Exactly. Its a vaccine, maria. So you give it to healthy people. We test before the first dose to make sure they were not sick with covid. And what we waited for, thats what you do in vaccine testing, you wait for cases, wait for people to get the virus and get the disease, and and you can compare the people that get the vaccine against people with placebo. This was 30,000 people got the vaccine, 15,000 people get the placebo, and then we just waited. And there are so many cases in the country now this went very, very fast. Last wednesday we announced instead of first analysis we ended up running 95 dayses. So our study is almost finished. Maria what about the refrigeration part of this . It needs to be freezing cold, and that gives us a longer shfl life. Tell me about the refrigeration and how that will work with the distribution. Yes. One of the great news this morning, actually we learned on friday at the company which is the vaccine is supplied in a regular freezer, 20 to, you know, store your frozen food and your ice creams. Those are widely available at pharmacies and Distribution Centers because they are fdaproved for that. Thats required, 20 storage, so thats not a problem. We have, as of this morning, 30 days of study where you can talk the product out of freezer in big distribution center, were going to do distribution, and then you put it in the fridge, regular fridge like you store insulin at cvs or pharmacy or doctor. To thats a big, big change in some of the usability in a product we are very excited about. Maria my thanks to secretary azar and stephane bancel. harold twelve hundred strings of lights. betsy quarter mile of tinsel. 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. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. One thats more than just fast. 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The aerotrainer is tested to support over 500 pounds. It inflates and deflates in less than 30 seconds using the electric pump. Head to aerotrainer. Com now. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Maria welcome back em pizza hut announcing an historic teamup, the chain is teaming up with beyond meat, adding a plantbased sausage topping to menus across the country for a limited time only. I spoke with Kevin Hoffman about the new partnership and Business Today. The response all across the country, people are super excited about having a plantbased topping on a pizza they can just order from their home. And the response weve been getting is people dont realize like its really not, you know, real animal protein, its plantbased. The other day i ordered two pizzas, a onetopping sausage, a beyond sausage piece that for my wife, and she really couldnt tell the difference. Its super exciting to be the first pizza maker to come out with this, and the response across the country has been terrific. Maria thats incredible that you really couldnt tell the difference. Lets talk about Business Today, kevin, because weve been talking a lot about the consumer. We had the retail Sales Numbers yesterday that were a little weaker than expected. What are you seeing in the Third Quarter versus what you saw in the Second Quarter . How do you characterize a Business Today in this recovery . Its really interesting because im in the Restaurant Industry and, obviously, dinein restaurants are having a challenging time right now. But restaurants that are available for carryout and delivery at a really fair pice for customers that are cashstrapped are really excited about coming to pizza hut. Weve seen a resurgence in q3. Our samestore sales were up 6 which is the best result in a long time, and we expect really great things ahead for pizza hut. Maria do you think we will get back or you will get back to sort of where you were at the peak in terms of 4 growth or so in 21, or is that a 202 the awe fair . 2022 affair . I cant really comment on future results. What i will tell you is this environment is really poised well for pizza as well as our chicken business. You know, people are looking for comforting meals to eat in the comfort and safe tiff of safety of their own home, and those that have drivethroughs, carryout, delivery, and now we have contactless curbside carryout on pizza hut, these are the guys that are going to win. So were very bullish about the future. Obviously, when dinein comes back in and people are mobile again, that could be layered growth on top of what were seeing now. Maria yeah. Were putting an alert on the screen right now that says pfizer and biontech say that their covid19 vaccine is actually 95 effective in the final analysis of the phase three trial. We also, of course, hard from moderna which is 94. 5 efficacy rate. Do these headlines change the level of foot traffic in your restaurants when you see this vaccine news resonating . Because this is big news that were seeing pfizer. First we thought it was 90 effective. Now theyre saying its actually 95 effective in the final analysis. Do headlines like that change the nature of business . Well, its obviously super encouraging because the sooner we can get back to normal, the sooner we can get back to people coming in and dining in restaurants. We still have restaurants that dont have their dining rooms open or a very small fraction and, obviously, that affects jobs, employees and a whole host of other things. The faster we can get back to business as usual with vaccines that allow us to be mobile, the more exciting its, obviously, going to be for the Restaurant Industry as well as, you know, industries at large. Maria how did you change things during this pandemic . I mean, did you see the need to have more scale . You know, the ppp program, we talked about it earlier from the government, a lot of companies were unable to stave off the loss of foot traffic, were unable to, you know, make it out of this. Did you see any changes at pizza hut, or did you make any changes to try to overcome what has been a very tough period for the Restaurant Industry . Yeah, absolutely. We were positioned to win just because we have a huge digital business, all industries its exploded in terms of ecommerce. We have carryout, we have delivery. What we did have to do is make sure that our employees were safe, our customers were safe, and then we created some new innovation es like we were the first to do contactless delivery that we learned from our china business, and then, obviously, we went and did contactless curbside. So you actually can order on your phone, go to a pizza hut, never leave your car, theyll put it in your trunk, and you dont have to have interaction with a team member. Obviously, thats safer for the employee and, obviously, for the guest. So we made several pivots to make sure we have the safe few e of our employees and our customers in mind, and i think thats why weve been rewarded with more business. Maria yeah. I guess youve got loyalists who have watched you and how youve handled this. Now the exclusive reveal, youve got a brand new product from pizza hut, tell us about this Holiday Season cozy e accessory, kevin. Yeah. You know, this is just a little bit of fun. So what we found during the pandemic, and weve done some promotion on it. Its our 40th anniversary of our pan pizza, the original pan crust that delivers amazing wellly, stays super hot, and because they have a little bit more money, theyre like, hey, why dont we do this amazing thing, this super luxury gravity market that weighs 15 pounds, people are really getting more relaxes sayings. Its, obviously, the blanket [laughter] to reduce stress. So we said why dont we combine the comfort of our original pan pizza with one of these gravity blankets. Belief it or not, i would not be surprised that youll see themmen ebay for a whole lot more. Maria that 150 pizza blanket did sell out in a mart of hours. My thanks to kevin huffman. Dont go anywhere, more wall street right after this. Its still warm. Thanks, alice says hi. For some of us, our daily journey is a short one. Save 50 when you pay per mile with allstate. Pay less, when you drive less. Youve never been in better hands. Allstate. Click or call for a quote today. If your gums bleed when you brush, the answer is yes. Allstate. The clock may be ticking towards worse. Parodontax is 3x more effective at removing plaque, the main cause of bleeding gums parodontax lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Get 0 financing on all new 2020 and 2021 lexus models. Experience amazing at your lexus dealer. Maria welcome back. Join us next friday on the program, weve got a big show next week. Former home depot ceo bob nardelli to talk about Business Today and the ceo of ledbury, my special guest to talk about retail as we head into the holidays. See you on sunday morning over on the Fox News Channel for sunday morning futures. Georgia senator kelly loeffler, House Minority leader Kevin Mccarthy and congressman devin nunes, all my special guests this sunday, 10 a. M. Eastern, live on fox news. Plus start smart ever weekday, weekdays 69 a. M. Eastern for mornings with maria with on fx business. Start your day with us every week day. Thatll do it for us today. Thanks for being with me this weekend. Have a wonderful thanksgiving, everyone, and ill see youhahahe you back on monday. Lou good evening, everybody. President trump today stating with assurance that he, not joe biden, won the election of 2020. President trump also blasted big pharma for their role in delaying their announcements of the china virus vaccine. President trump also accusing big pharma of playing a large part in the plot to undermine husband presidency. President trumps his presidency. President trumps remarks come as his legal team as has won a pathway to victory in pennsylvania and as rinos running the election in georgia today contributed
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