This is widely expected. This is the vaccine that was found to be 94. 5 effective in the primary analysis. There is discussion about possibly having some sort of meeting later in the month with the fda to make the approval. We heard from officials over the weekend that they are going to try to approve it in fast order. If you take a look at markets, not the response you would think, at least not much. Jonathan it has been the diminishing marginal rate of the additional vaccine news in this market that has diminished over the last several weeks. Equity futures down 0. 4 percent. Expectations are already so well anchored by the vaccine news weve had over the last several weeks. We are down 0. 4 on the s p 500. In the bond market, yields up by a basis point or two to 0. 85 on the 10 year. The news isnt this morning. It is the cumulative impact of the last several weeks and now it is shaped the forward outlook under a much better way compared to what we face right now in the here and now i
Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O
Obviously, it warms your heart. We called it a mark of the 4000. Were a defeat for the dogs to me and i believe were costly at it. And so i wanted to come by and if even the bank giving to thank you or do you think there is something to prove it . 19 at all. I dont think its a real thing just be unsafe and play in a smart we both have had to live it. So theres, you know, so is this really a real thing that in your hand, in this dinner, at that moment, couple days as a young somebody explain, i will be, we will sleep well at night knowing that we help people also coming up, stopping the pandemic, the challenges of vaccinating everyone everywhere. 10000000000 doses of vaccine is based on a World Population of 7800000000 people. So its a great challenge for everyone involved but to our viewers on p. B. S. In the United States and to all of you around the world. Welcome, we begin the day struggling to control the coronavirus. Yet again, germany started its nationwide partial lockdown on th
Has a discussion on how the covid19 vaccine can be equitably distributed globally. This is 45 minutes. Hello welcome everyone to this important conversation that we will be having today on equitable distribution of vaccine. My name is peggy clarke im the executive director of the Innovators Group and Vice President of the Aspen Institute. Thank you so much for joining u us. Today the Global Inclusive Growth Partnership which is a partnership between the Aspen Institute and the Mastercard Center for inclusive growth, is presenting an important conversation on ensuring the equitable and effective local distribution of vaccines. On this conversation is part of a series, global inclusive recovery and rebuilding which was developed through the Mastercard Center were joining with the group in this effort to present this presentation today. Were very honored that Elizabeth Cohen of cnn is leading this conversation. And as a reminder you can submit questions when you registered. Theyre happy t
A tough election one like weve had already remember we have to remain calm patient with the process work out as we count all the votes you know were proving again what weve through for 244 years in this country democracy works your vote will be counted i dont care how hard people try to stop it i will not let it happen. President trumps chief of staff mark meadows this testing positive for coronavirus son clear when the 61 year old contracted the virus from Campaign Aides has also been in fact since the u. S. Is seen another record jump in corona virus infections more than 120000 cases were announced on thursday. Another new record rise in infections has been recorded in france for the 2nd straight day of almost 60500 new coronavirus cases on friday and 828 deaths. If the o. P. s parliament has approved a new interim governments for the Northern Tier a region Prime Minister idea where its ordered a military offensive in the area on wednesday after the accusing the regions reeling t. P.