You should scrappy thanksgiving travel plans, the senator who just tested positive for covid takes a stand, what does all of this mean for travel and tourism in the industry, april 11 ceo known internationally for its famed tours, equally is here on how he plans to deal with this latest blow, market is wrapping up the reek with one glittering start in particular, wait until you see what bitcoin is doing we have the dow down 135 and the s p, the nasdaq punted in the green of 12 points, breaking news, President Trump Just Announced two actions to lower drug prices, heres the first, he will require Drug Companies to pass discounts on to patients, not middlemen, those are called rebates, the middleman are called the pharmacy benefit managers, they are used to help the Drug Companies manage the situation and act as a middleman, he wants those rebates to be passed on to medicare and met him, the price drugs are the favored nations club and the prices that americans would pay would pass the l
Were taking an ominous turn. Lets go to Jackie Deangelis following all of this and some of the restrictions being put in place to respond to this. Jackie. Reporter good afternoon to you, neil. Thats right. The market is lower because of spike in cases. Weve been talking about pretty much all week. That is after we got the news pfizer or biontech come to stronger conclusion on their vaccine it would be 90 effective. There are still so many questions about this. Today on mornings with maria the biontech founder talked about the vaccine, how long it might protect people. Roughly a year or so listen. Theres a good chance that the vaccine not only will protect us but could protect from infection or virulent infection for a significant period of time. I personally expect that the vaccine could protect us with, with protocol for a year. If we learn we need to reimmunize. We could do that after one year. Reporter meantime the pfizerbiontech vaccine was not the only one in the works, right . We
144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. A new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and Entertainment Industries perhaps, thats one reason the market is selling this morning. After the huge recent gains the dow looks to be down about 200, s p down about 10. Look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from Bernie Sanders. He says yes, if offered the job of labor secretary in a biting next he would take it. On that, we will say this, varney co. Is about to begin. Stuart born to be wild, well i guess thats fairly appropriate. What you are looking at is rather empty new york city on a rainy thursday morning. Of course, its been half empty for about eight months and Governor Cuomo has more restrictions on businesses. Ashley, bring me up to speed. Ashley he certainly has.
Its on fire again. 3. 8 gain yesterday can something similar, up to and half percent again today. Why the big rally . Leader mcconnell says there will be a stimulus package probably this year and that helps. Divided government means no big tax hikes or green new deal, that helps. The fed will most certainly keep printing, so check your 4o1k and a smile. Lets deal with the election, the president ial winner still in doubt. It will come down to four battleground states, pennsylvania, North Carolina, georgia, nevada. Its close in all four states in the trunk team will go to court to make sure only valid votes votes are counted and we expect an update on the count in nevada. That state may be called today. Watch las vegas, 11 30 a. M. , but from campaign may be filing a legal challenge there also. This is the place to be if you follow money on politics. Varney co. Is about to begin. Stuart i wanted something more upbeat and lively with the market rally to die for. We will try next hour. Th
And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as