Company says its phase 3 trial in the u. S. Found its 72 effective in preventing moderate to severe symptoms and says it will file for Emergency Authorization in the coming week, that could mean approval by the end of february. Heres whats key, the vaccine does not require Ultra Cold Temperatures for storage and Shelf Life Is Good for up to two years, huge win. The other breaking story were following, scientists warning the u. S. Is in a race against time with the new Coronavirus Variants popping up across the country and one of those strains, the South African Variant, is now officially here. Two cases have been confirmed in the state of south carolina. Even more concerning, the state departments Public Health warning says that two infected adults had no recent travel history and no connection to one another. And its raising concerns the strain may already be circulating within the community as new data indicates the vaccines we have may be less effective against this one. That said,
Economy lost about 20000000 jobs we certainly brought a lot of those jobs back but were not out of the woods at all just last week alone over 2000000 additional americans apply for Unemployment Insurance a total of 33000000. 00 people are on unemployment right now those are huge huge numbers since the u. S. The numbers have come back up but theres every reason right now to think that this economy is stalling as we see states around the country beginning to pause or even roll back the reopening of california this week Just Announced that theyre going to start closing in our restaurants and bars and gents and so we have all we have ourselves in a very big all right now and its going to take us a long time to come out of this. A lot of people have cherished hopes of a socalled v. Shaped economy bouncing back what is that. Well what it means is that we got ourselves into a deep hole and as the president thinks we will be like a rocket ship and go straight up the challenge is we are not goi
Rational decision and you see governors on a regional basis whether its on the west coast or east coast that are going to make those decisions in conjunction with their neighboring government governors and it will be based on both the. Case that load in each of the states as well as their testing capacity. The administration recently tweeted its time to liberate minnesota michigan and virginia what do you make of that i mean this is a problem you know this is a president who a week ago said he had total 30 to make decisions about reopening and then after he received pushback bipartisan pushback from members of congress he sensibly left that decision up to governors in conjunction with Public Health experts laid out a series of guidelines that made sense and then obviously this is a president who wasnt fined leaving things as is and is now apparently encouraging a supporter to rally in state capitals to try to reopen the government reopen that the economies and the problem is there not
By the u. S. Military going to discuss all that and more coming up all right its time to move through news i q. Its a move no one seen in decades on monday oil prices plunged into the negatives prompting President Trump to make this announcement were looking to put as much as 75000000000 barrels into the reserves themselves that would top it out it would be 1st time in a long time its been good for the rate brace. Now adding that much oil is a major task but where do you store it meantime Oil Prices Continue their downward spiral today for more on all of this lets bring in our fronsac shes been following the story fair and this is the 1st time in history right that that oil has dropped below 0 right middle and you know. Really a domino effect all from the coronavirus now people have these stay at home order so people are there driving last no ones flying anywhere so you have all this extra oil not being used and theres only so much oil the world can store and were already bumping up ag
Went to some large or Small Businesses and important to understand that in this country a Small Business is to find anything with up to 500. 00 ploy or so thats not necessarily the mom and pop delicatessen or dry cleaner that many of us were hoping that this money would benefit i know personally of a couple of business many businesses that have been left very far back next year and were not able to get this money so hopefully congress provides another tranche of money that will continue to expand the relief to more affected business occurs republicans that were just to democratic effort just money directly to states to mow calories what do you make of that i think its a huge mistake you know. President trump has now shifted the burden of testing potential. Of people infected with cover 19 he shifted that burden now to the state but hes not willing to pay the state or help the space defray the cock we know in new york for instance Governor Cuomo said that he is now running a 15000000000