You with us equity markets are rallying shares in japan hit a 30 year high on the 1st day of trading off the Television Networks declared joe biden the winner of the u. S. President ial election there are hopes that a Biden Administration would expand fiscal stimulus in the u. S. Stepped up measures to reduce the spread of covert 19 i want to take a less aggressive approach in trade policy but how does his slogan buy american fit in here lets check out some of bidens ideas about how to stimulate the economy. Will it be like night and day. Joe biden has promised to create a more restrained balanced American Economy instead of the full throttle one of the past 4 years. In practice that means a return to regulations on industry greater powers for financial watchdogs and Consumer Protections and above all higher taxes on the wealthy and businesses im going to raise taxes im not going to raise taxes on anybody making less than 400. 00 grand but but you wont pay a penny more but those making
Make up your. Job made for mines. Balance and virus breakthrough lead to a record day for markets well look at the reaction to news of taxing developed by germanys buy on tech is effective 90 percent of the time. Transatlantic relations may also be in line for a fight in boost that hasnt come soon enough to stop the e. U. Imposing new tower some billions of dollars of american goods. And well look at the possibility that ultraviolet light could be and know the handy tool in the battle against the company 19 content. This is the doing business on robots in berlin welcome to the program. It could be the big breakthrough in the search for a Coronavirus Vaccine the u. S. Pharmaceutical company 5 is that and its german patna biotech say they have soon be seeking emergency approval for their candidate to be rolled out in the u. S. As after trials showed just how effective it can be. Vials full of hope an initial Clinical Trial data shows this vaccine made by germanys bio on tech and its u. S
Will have to endure a dark winter. Im aaron tilton thanks for joining us we start with the most promising developments yet in efforts to stop the coronavirus pandemic German Company beyond tech and u. S. Drug maker pfizer have announced they are experimental vaccine is more than 90 percent effective in Clinical Trials the vaccine expected is expected rather to be submitted to u. S. Authorities for emergency approval this month if its given the green light it could be rolled out in limited quantities by the end of this year. The hope for an effective vaccine against the corona virus could be growing German Company by on taxes test results are more promising than expected. Yes our results are showing that after an interim evaluation the vaccine is able to prevent infections with over 90 percent probability. So. This is how the socalled m r n a vaccine works Genetic Information from the corona virus is brought into the human body via a messenger molecule the body then uses it to produce v
A heat advisory is in effect for today, likely record breaking high temperatures as we head through the afternoon. Mid to upper 90s to triple digit heat inland. Around the bay heating to the low 90s and even along the coast in the low to mid 80s. Because of this extreme heat, Santa Clara Cooling Centers will be open today starting at 10 00 a. M. Murphy Park Building at 11 00. Cupertino Senior Center and Mountain View Community Center at 1 00 to help folks beat the heat with the hot temperatures. Well talk about the weekend and some relief is coming. Details are coming up. Good morning. As we look at the throads, wev got a back up at the bay bridge. Metering lights are turned on and things are starting to stack up. Delays to the 880 over crossing, not beyond that yet but the morning drive is busier as you make the drive out of the east bargaining i to San Francisco. The Early Morning road work we had on the upper deck of the bay bridge, that is gone. Once you are passed this things look
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your