Colors only on cbs this morning. The singer reveals the lineup for her latest concert to help lgbtq kids who dont have a home. Its a good one, but first, heres todays eye opener. Its your world in 90 seconds. I want to be very frank to the american people. The vaccines critical. But its not going to save us from this current surge. The sweeping new lockdown in california. Doctors and nurses across the country are being pushed to the brink. Were not likely to see a peak in the number of infections in hospitalizations until probably at some point in the middle of january. As bad as things are right now, theyre going to get a lot worse. Rudy giuliani says hes getting great care and feeling good as he recovers from coronavirus in the hospital. President elect joe biden is poised to nominate California Attorney general Xavier Becerra as health and Human Services secretary. To the last line of defense. All eyes on two critical runoff races in s is in georgi will determine which party control
Today President Trumps request was answered by none other than senator ted cruz. Cruz announcing that if the u. S. Supreme Court Decides to take up the pennsylvania mailin ballot case, he stands ready to make the oral arguments on behalf of the petitioners, congressman mike kelly and republican congressional candidate sean parnell. And by extension, the president himself. Senator cruz is considered to be not only one of the smartest people to ever graduate from harvard law school, but also a brilliant debater and litigator. His offer to champion the president s fight for a free and Fair Election in court couldnt come at a more propitious moment. It comes as several key deadlines are rapidly approaching in the certification of the president ial race. Every state the is expected to certify the Election Results by tomorrow, and next monday the Electoral College is scheduled to meet to cast their votes for either President Trump or joe biden. President trump says he expects big things to c
Reporter neil, good afternoon to you. Start with astrazeneca. That is the top headline. It is covid19 vaccine as you mentioned having a good immune response in older results this is a phase two trial. Heefficacy will not be done untl they resume phase three trials you mentioned pfizer around biontech, they will file for their emergency approval with the fda form for the covid19 that tells us they are on track for the timeline they promised. Johnson johnson ready to have its vaccine ready for approval by february of 2021. Like i said, a bunch of different choices here. New york city in a little worse shape. Public School System is shutting down as of today. The stiffs Public Schools are taking a break, excuse me, because the coronavirus test Positivity Rate of 3 has been at that level for a seven day rolling average. It was reached on wednesday. The decision impacts over a Million Students and their parents and the city is trying to manage these cases and the weight that is placed on th
Some signs of nervousness is also showing for the banks. Bonds are rallying a little bit so that means yields come in and that weighs on the bank so thats a little bit of a pause in the cyclical rally. How does the market really react to what the economists are seeing . They say we will be good in the second half of next your but have a really tough spot between here and there. Have the markets price that in . Abigail the markets do not appear to be pricing it in all that much. As you know, some of the longer term charts are starting to show the possibility that equities in particular are stretched and there could be some sort of sharp pullback for the end of this month or the beginning of next year. That could very well reflect the air pocket the jobs report for november is very disappointing suggesting december and january could be worse. It appears theres some sort of awkward middle ground in the First Quarter of 2021 and maybe beyond. The optimism that the vaccine will bring to the
National intelligence John Ratcliffe as we are learning the country is doing human testing to genetically enhance military. Focus on stimulus this morning, Speaker Nancy Pelosi says it will be done by christmas, we will hear from former nyc barrasso and Mick Mulvaney. Marks are lower. We will start the week in the red, dow industrials down 145 points, nasdaq lower by 15 and s p 500 weaker by 16 and 3 quarters. All three major indices up out of the last 5 weeks, last week we are up 1 on the dow and 2 on the nasdaq. Mornings with maria right now. Maria european markets look like this, dax index in germany lower by 63. In asia overnight, markets finish mostly shower. We had Economic Data, that is the fastest pace of exports since february 2018. The growth also helping to generate a 75. 4 surplus. The data, of course, coming from the Chinese Communist party and this has been the big fight between china and the u. S. , the fact that we are buying more products than china is buying from the