Reporter the president has suggested that maybe this news had been held back until after the election. Again, no evidence of that. The president elect, the biden transition team, is actually meeting with some of the drug makers this week to talk about these vaccines but what theyre not doing is meeting with the trump team, the government officials, to talk about distributing the vaccine. Developing it is one thing but getting it out to you, your neighborhood, your familiar si, your Doctors Office a differently. That cooperation is not happening while the president continues to challenge the results and not direct his administration to work with the biden team. Joe biden not getting intelligence briefs as the situation gets worse, we now know more than 11 Million People have contracted the virus. We are in a dangerous period, the most dangerous since 1918. We need to be talking to them as quickly as possible. Its great to have a vaccine but vaccines dont save lives. Vaccinations save li
State Health Leader say people in the red or purple counties shouldnt be gathering inside at all. Thats basically that is the entire bay area. On a statewide level the governor is in the ruling out a curfew. Every option is still under consideration to help stop the spread. He added the california is also tightening rules on the states mask mandate. Not much of a change from whats in place. Heres what to know. You must wear a mask. In e time you leave your house. Unless you are alone in your car or with your mebs of your household. Counties moving backwards because cases are spiking upward. Hospitals seeing an influx of patients and many of them are in the icu. A closer look. We saw this before when the hospitals were just overrun. We are starting to see that again. Hospitalization and admissions have gone up over 35 . Just in the last two weeks. That percentage appears to be growing quickly. Our county like many counties is seeing a significant and rapid up tick in cases. Its not just
Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john pisani you hit it right. It is essentially out of growth and the rally in cyclicals value, not always the same thing but cyclicals and values are continuing. John mentioned walgreens theyre going to be an administrator of the covid shot. Walgreens and cvs moving thats a very specific story by bu si but cyclicals Like Aerospace boeing has been a huge mover in the last few days, 3m, oil stock is anot
Ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. Bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds well have more on that in just a bit. We have 59 munz left left to goy volatile session still make for the worst day in a while. Percentage terms, were down 2. 2 as we stand ahead will be all over the selloff in the final hour of trade. Billionaire investor Mike Novogratz will join us with his take on todays plunge and whether he is buying any of the dips after three straight lease losing weeks and well speak with john kerry in an exclusive interview. Well get his take on the Supreme Court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about lets focus in on the big stories were watching on a very busy day of news mike san toll toli is track