Moving into the yellow tier. Governor newsom says that it is necessary as the positive rates increased. Every age group, every demographic, racial, ethnic, in every part of this state. We are seeing case rates increase and positivity rates increase as well. No longer concentrated and just a handful of counties we are seeing Community Spread broadly. Now throughout the state of california. Governor newsom said the state has been preparing for this moment and has 11 surge facilities that can be activated if hospitals become overwhelmed. Some of the counties going purple actually dropped not one but two tiers at once. Napa county is among them. Ktvus Deborah Villalon responds. They used to get a few days notice now its just one day so people are surprised. Reporter its last call at tarla grill. From now on its just take out or delivery. Were going to make sure it stays here. 24 employees here now, they will drop to 10. They only two 20 seats under cover outside. Im not sure how were going
Thanks to pfizer well have a vaccine by the end of First Quarter that news sent the market soaring. The dow is only surging 830 points that tech heavy nasdaq, the demand of so many stocks that did well under covid19 tyranny lost in an astounding 1. 53 . What a bifurcation it is also the time. We are in the middle of a spike of infections. New cases are exploding over the country, over 100,000 a day and even the weekend we are much treating it in the spring that only matters if we have enough hospital beds a lot of people are having cavalier attitude. Hey, you are fine unless you are old. Well, guess what, a lot of us are old. The sense is understood and respected. When you have more than 100,000 new infections everyday, you are looking at a lot of fatalities we need this the truth is we tried to fight the pandemic state by state. That failed. Europeans are failing too, i know, asia is doing great. If we were serious of Contact Tracing and social distancing and wearing masks, we may be
Er earlier today the dow was up 1600 plus points. We almost got to 30,000. Came within 70 points of 30,000 mark. Looked like we might get there at one point and then we started to dip and fall off of that. 835 point gain which is nearly 3 is nothing to sneeze at for the dow. The s p same kind of deal, fading off the highs. The nasdaq is an interesting story well talk a lot about, down by 1 1 2 . A lot of stay at home stocks really getting hit in the tech sector today. That is a pretty big decline for nasdaq given how much the other two were up. We will cover it all. We have fox Business Team coverage. Lauren simonetti, ashley webster, blake burman, Hillary Vaughn theyre all standing by. We start though with the market rally. It fade ad bit, but still lauren up 800 points in the dow. I know. It is all about the vaccine, right . So pfizer says its Covid Vaccine trial has prevented more than 90 of infections. Pfizer and its partner biontech, look at this, 52week highs. Stocks overall did
Disease expert says covid19 will not be a pandemic a lot longer. , dr. Ing at an event today Anthony Fauci pointed to rapid progress in vaccine development. He did say the coronavirus could remain endemic for a long time. Generally, a pandemic is defined as an infection that puts the global population at risk, while an endemic disease is one that spreads in some areas and not others. There is a power struggle inside Prime Minister Boris Johnsons office that threatens to destabilize the british government. His communication director quit last night, raising concerns about the future of johnsons most powerful and controversial advisor, dominic cummings. All of this comes at a time when the Prime Minister is dealing with a new lockdown and brexit talks. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 in london, and 2 00
Im chris colfer. Welcome to the program, the rally on financial markets. It continues with optimism about the Coronavirus Vaccine and easing u. S. Political uncertainty, pushing global stocks higher. Investors around the world were in a buying mood on wednesday after the dow jones breached 30000. 00 points for the 1st time. Sentiment soared on the prospect of a big scene to ease the pandemics stranglehold on the Global Economy. But the transition of power to president joe biden, president elect joe biden, rather is finally beginning for the highs as well. For more. Lets bring in our financial correspondent in frankfurt. Give us some more reason for this global rally. Chris, to begin with. Theres more clarity and less of uncertainty that investors are looking now beyond the issues of a 2nd wave unemployment high unemployment. And then rather looking at the post pandemic recovery. And it helps that the transition process has started in the us, and that market friendly treasury said us is