95 percent effective. Its the 2nd company to announce successful trials after fires there and biotech last week, and still take time for the actual vaccine to be certified. But already there is the question. Will there be enough to go round taken pfizer and madonna are both hoping to distribute a 1000000000 or more doses this year. Huge numbers when you compare it to the likes of germanys cure back with just aiming to produce up 240400 1000000 doses in 2021 and the prices well, theyre very massively u. K. Based astra zeneca is planning to charge the e. U. Perhaps as little as 3. 00 per dose. Johnson and johnson is a bit more expensive, but the 2 frontrunners pfizer and madonna are expected to charge significantly more. Mostly because there are more expensive to produce is yet to say how much the can do that will cost. Now despite positive preliminary results from a 2nd covert vaccine candidate, medical experts are urging for caution and patience. Many, many questions still remain. d ab
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
President ial and congressional campaigns in North Carolina. More on North Carolina with tim directorDavid Mclennan of the Meredith Paul at Meredith College. With four days to go before the election, we ask you this morning, which candidate do you trust on the economy . If you are supporting the trumppence ticket, there is a line. If you are supporting the bidenharris ticket, another line. If you are supporting another candidate or you are undecided, a third line. You can also text us with your first name, city and state. Or, go to twitter and facebook. Com cspan to post your comments there. We will. Get your thoughts in just a minute lets begin with the president yesterday in florida making his pitch to voters they are on the economy. [video clip] you will have a crippling depression the likes of which you have never seen if sleepy joe becomes her president. Themour 401 k s, throw out the window because you know what is going to happen. Our stock market has a big headwind. If he wins,
Eastern on cspans q and a. White House National economic counselor, larry kudlow, talk to the Washington Post yesterday about the outlook for the u. S. Economy and was asked about the status of Coronavirus Relief negotiations. Robert good to have you here. Thank you for coming. The u. S. Economy grow at a record 7. 4 percent between july and september. It has recovered two thirds of the ground it lost during the first half of the year during the pandemic, but many economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The shutmic because of ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining
Economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The pandemic contraction because of the shut ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining recovery. The numbers are gargantuan. I am going to read them off. You have Consumer Spending up 41 , housing up 59 , Business Investment in equipment up 70 and automobile production up almost 1200 . My take is this this is selfsustaining. It is going to spill over into the Current Quarter and next year, policies permitting. But the one missing link and a lot of people have not talked about this, you are going to get a big inventory rebuild. I