Upside. Looking at commodities. Crude moving to the upside. A big move to the downside with , on the vaccine and signs of Economic Growth in the u. S. Particularly helping people not to look for havens or avoid havens, get out of them. Gold down half of 1 . Bitcoin surging up again, it has above 18,500. Juliette lets get the first word news. The head of the u. S. Government Coronavirus Vaccine program says results of trials by astrazeneca show encouraging signs it may help block the most severe cases. No one given the vaccine developed severe covid, while 16 people on the placebo debt. He called the results excited. Nine, reports 70 process astrazeneca report 70 success. The centers for Disease Control a model shows weekly u. S. Cases and deaths rising every week for at least the next month. Italy is the Second European nation to report 50,000 total fatalities. The u. K. Is extending lockdown next week in favor of even tougher regional curbs. Reports from washington say the Trump Admin
A sense of how this works. This very accelerated timeline that weve seen for pfizer and madeira is in part because of the request for emergency authorization under the Public Health service act. And the reason that these Drug Companies are able to do this is because there was declared a Public Health emergency with regard to covert, 19 back in january of 2020 sort of this year. So what does this mean . This means that there can be a rapid approval pending that determination of the Public Health hearings. U. S. President elect joe biden will officially nominates the former chair of the Federal Reserve, janet yellen, to be his treasury secretary, the 1st woman to lead the Treasury Department if shes confirmed was announced his Economic Team on monday to me. If the o. P. s Prime Minister has told parliaments that federal forces have not killed a single civilian during the 3 week home, conflicts in the great region to raise forces disputes the claim. A Funeral Service for Top Iranian Nucle
Talks have been delayed until thursday. Diplomatic and trade tensions between australia and china formed the backdrop as the rba prepares its latest statements. Economists see no change. Shery we will start with breaking news out of south korea. We are getting the final Third Quarter gdp numbers. When it comes to the year on year numbers, a contraction of 1. 1 . This is coming in a little better than expected. The quarter on quarter numbers also rising more than expected, 2. 1 , and beating estimates of growth of only 1. 9 . We have seen some pretty positive ratings especially when it comes to the south korean export numbers. They have seen a lot of external demand, especially in china and the u. S. , despite the fact we continue to see virus infections accelerate in those economies. Again, thirdquarter gdp numbers for the final numbers now beating expectations and coming in at growth of 2. 1 quarter on quarter, haidi. Haidi lets take a look at where we are sitting when it comes to thi
Military operation in northern t. Grey region is over, the army says its taking a troll of the capital mccully, but the leader of the 2 great Peoples Liberation front to keep fighting government forces. There are violent scenes during protests in france against a planned law that makes it illegal to film and publish Police Officers faces anger against the proposed law has been fueled by a Video Showing Police beating and racially abusing a black music producer grant. A virus infections in the u. S. Have doubled in november compared to last month. More than 205000, new infections were confirmed on friday, pushing the total number past 13000000. And there are concerns. Infections could continue to rise. Following the thanksgiving holiday weekend, mike hanna has more from washington d. C. A number of Testing Centers have closed for the holiday period. So the amount of testing being done is down. So the figures may well be even higher than they appear at present. So of great concern to Hea
Were taking an ominous turn. Lets go to Jackie Deangelis following all of this and some of the restrictions being put in place to respond to this. Jackie. Reporter good afternoon to you, neil. Thats right. The market is lower because of spike in cases. Weve been talking about pretty much all week. That is after we got the news pfizer or biontech come to stronger conclusion on their vaccine it would be 90 effective. There are still so many questions about this. Today on mornings with maria the biontech founder talked about the vaccine, how long it might protect people. Roughly a year or so listen. Theres a good chance that the vaccine not only will protect us but could protect from infection or virulent infection for a significant period of time. I personally expect that the vaccine could protect us with, with protocol for a year. If we learn we need to reimmunize. We could do that after one year. Reporter meantime the pfizerbiontech vaccine was not the only one in the works, right . We