95 points higher. You know liz mentioned this down the stretch of her show, russell 2000, the small cap stocks, dow transports they both closed at records today as well. That is kind of day. A lot of green and really big day for stocks. Im Connell Mcshane. We welcome you to after the bell. Those are the numbers at the close. Time now for the news thats happening at this hour. We have fox Business Team coverage with Jackie Deangelis in the new york newsroom, blake burman reporting from washington, also get to Hillary Vaughn in wilmington, delaware, president elect biden just wrapped up there remarks on the economy but blake, lets start with you. That is the big news today. That Moderna Vaccine. Tell us about it. Reporter they expect, connell, moderna does to apply for the eua, emergency use authorization in the next couple weeks. Maybe distribute the covid19 vaccine by the end of the year. When you look at numbers on the Clinical Trials it is about as good as they hoped for. Here they a
Distributed, how will be it done. All of this at a time were hearing about four 45 minutes from now president elect biden and Kamala Harris will detail their own economic plan. What theyre calling their Building Back better plan. I dont know what that means but they have got a lot of union heads there as well as the chairman of gm, the chairman of microsoft, the head of target. Again, virtually, if not in person. So well be monitoring that. When that comes up about an hour 45 minutes from now. Meantime more on this excitement around moderna and what it poses to offer right here. Jackie deangelis own that. Jackie. Reporter good afternoon to you, neil. The vaccine news certainly fueling the markets today. 94. 5 efficacy. That is what moderna is saying. We had excitement from pfizer and biontech last week. The market is saying we would expected or less efficacy. This is a really important number. People are wondering what happens next. How do i actually get the virus, excuse me, the vacci
You know, and the nasdaq, of course, moving ahead here. But right now the dow and the s p are the ones poised for a gain on the week. And we got that hand count underway right now in the peach state as Networks Finally do what fox has done and call that race in arizona, indeed, for joe biden. So that is not going down well with team trump. Well take a look at whats happening on the count, where he might place his bets right now in this increasingly unlikely bid to secure another four years of the white house. Lets go to Jackie Deangelis first i off on those spikes in cases right now that just get bigger and bigger and more worrisome literally by the day. Jackie. Reporter good afternoon to you, neil. Well, presumably, the president will be briefed on that. Its supposed to happen i any moment now regarding operation warp speed. But, of course, its a closed briefing, and many are questioning why joe biden, president elect, wont be involved. Thats a separate conversation that we could have
You know what love is on thanksgiving . I love you so much and im so thankful for you that im not going to see you. This year if you love someone, it is smarter and better to stay away. Well be alone physically, but we are spiritually together celebrating in a way that is even deeper. The story is, my mom is going to come up and two of my girls is the current plan. But the plans change. But thats my plan. Sandra and that grabbed a lot of headlines. Laura ingle is tracking it for us. How long for the governor to change his tune about those plans . We crunched the numbers, looked at time codes. It was exactly 1 hour 33 minutes for him to Reverse Course and change his plans. As others plans go forward others move forward. He is letting folks know things are getting so bad in new york he is putting some restrictions in place for some areas where those cases are spiking, limiting the hours of restaurants and exactly how many people can gather for their thanksgiving day meal safely in new yo
As timing who gets it and when, that is all still to be decided. There is a bit of a protocal for this. Well get into that with a prominent doctor as well. The left and right view on this battle, but first to blake burman on this latest news and this efficacy rate which was higher than both companies originally said, right . Reporter exactly, neil. We knew this Pfizer Vaccine candidate was effective. Pfizer though reiterating that today, in fact raising the effective rate on their covid19 vaccine candidate but just as important pfizer today also reported that they believe their vaccine candidate is safe which is why they say they are going to be applying for the eua. That is the emergency use authorization that the fda gives out. They will apply for that in the coming days. Here is what pfizer said earlier today as part of their news release they put out this morning. To date the Data Monitoring Committee for the study has not reported any serious safety concerns related to the vaccine