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Stock Market Rebounds After New COVID Variant Caused Drop (VIDEO)

The market stumbled Friday after news about the spread of the new Omicron COVID variant.

Transcripts for MSNBC Jose Diaz-Balart Reports 20211129 15:49:00

so you can reach more customers, create more opportunities, and finish this year strong. visit your local t-mobile store today. 49 past the hour. we have breaking news. with new york city just reinstituting its mask advisory amid concerns over the omnicron variant, the mayor s office tweeting that every new yorker, regardless of vaccination status is encouraged to wear a mask indoors. meanwhile, beyond our borders, travelers in airports around the world are finding themselves stranding this morning after many countries, including the united states, the eu, israel, and japan instituted

Transcripts for MSNBC Jose Diaz-Balart Reports 20211129 15:04:00

jose, this is all going to fall on some familiar grooves of debate between the global north and the global south, because what we re seeing here many britain today, britain is the rotating president of the g-7, that group of the wealthiest democracies in the world. britain has called on g-7 nations come together and try to come up with some sort of global approach. but this is, of course, going to be led by the world s wealthiest nations. the ones that have the most vaccine penetration in their populations. and it s not going to be led by countries like south africa, where the omnicron variant was first discovered last week. and a lot of these countries, a lot of the poorer parts of the world, are looking toward the developed countries and looking at confabs like the g-7 and saying, this is what happens when you get such vaccine inequality on a global level. you start to see variants popping up in countries like in africa, where only about 7% of the population is double vaccinated, com

Transcripts for MSNBC Jose Diaz-Balart Reports 20211129 15:00:00

when you give the totality of the evidence that might be, that might be presented here, to put her on, and essentially challenge her with all the things that the prosecution will present over the next four weeks and the type of witnesses that they ll present over the next four weeks. it s fraught with issues. and so, we ll just have to watch and wait and see what happens, steph. and we will be watching. tom winter, thank you. that wraps up this very busy hour. i m stephanie ruhle. thanks for watching. jose diaz-balart picks up the breaking news coverage right now. and good morning. it s 10:00 a.m. eastern, 7:00 a.m. pacific. i m jose diaz-balart. president biden is set to speak to the nation next hour about the omnicron variant, as questions remain about the seriousness of the threat, hours after the u.s. began restricting travel from eight countries in southern africa, where it was first detected. stock markets are open, up slightly after friday s huge losses. over on capitol hill

Transcripts for MSNBC Jose Diaz-Balart Reports 20211129 15:08:00

thank you for being with me. dr. ramirez, there s three top concerns when it comes to variants, transmissibility, severity of disease, and most importantly, vaccine efficacy. tell us what we know about the variant right now. so thing the take-home point is despite all of the anecdotal reports coming out of south africa and all of these other places is we really need a few more weeks to know for sure. one of the cautionary points i m giving folks now, as we look back to the beginning days of the pandemic, there were times that we thought that this virus didn t infect kids, and we only knew that once the number of people infected became large enough. and that s really where we are with the omnicron variant right now. we have just a few thousand cases that we ve detected so far, and we really don t know enough about how this virus behaves in populations that look more like our own in terms of vaccination rates, when those vaccinations were administered, what the ages of the population a

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