From volkswagen today. The auto company, vw, just unveiling its new electric suv. It will be assembled right here in tennessee, usa. Volkswagen of America President and ceo, scott keough will give us all the details a very busy hour coming up. Johnson johnson is beginning a latestage trial of the oneshot coronavirus vaccine. Jackie deangelis with all the details. Hi, jackie. Reporter good afternoon to you, david, that is really important. Latestage testing will get to us the vaccine this is phase three for Johnson Johnson. Administration operation warp speed has four candidates now, this is the fourth one to get the latestage testing phase. Phase three for Johnson Johnson will be 60,000 people across the country and abroad. Moderna, pfizer, astrazeneca, they are the other ones right now in the latestages this is coming as the department of health and Human Services Just Announced 200 million as well to try to get certain jurisdictions ready to administer the vaccine. It will help them
Reporter good afternoon to you, melissa. Lets look at the market as theyre settling out. The dow looks like it is finishing down by 524 points. You mentioned the s p 500, that is important too, down 8 1 2 from the record high on september 2nd. 3580. You see the s p closed to 3236. You mention what dragged us down, it was selloff in tech late in the day. Well get to that in a moment. There was optimism early on in the session with respect to coronavirus vaccines, Johnson Johnson entering the latestage three trial that was a little bit positive for investors to get their heads around but again look at these dow losers here. Sales force. Chevron. Apple was one of the big ones, amex and boeing. On nasdaq, losers, fedex, amazon, netflix, align and liberty global. It was a rough day when it came to some of these stocks. It was sort of stock specific and then dragging all the indices down together. Remember this has been choppy for the last couple weeks right now as were heading in and gettin
Changes what was considered to essential business. This new order sinking in for many people. Robert handa joins us now. Robert . Reporter yes, the changes have really caught many people and businesses off guard. Not too surprising really, because sit a very extensive new order. But for some, it was a lot to take in overnight. Marcus had no idea he was probably breaking the law when he brought his pet, munchy, to this san jose dog park. From the time he was here the other day, the Public Health department made dog parks and play grounds offlimits as part of stricter social distancing rules. Like i said, i didnt know until you told me. And if they have to close it, theyve got to close it for our safety. I dont like it. But it has to be done. Reporter frank hampton, the supervisor for the stanford Painting Company agrees. Until today, the company was considered essential. But like other rez dn shall and commercial construction related businesses, that has changed. The first time in 23 ye
with the crazy details, ashley. dhs reportedly decided to cancel the border and written up in a letter to resign. although given the option to stay, nina said with the board s future uncertain, she will be leaving dhs and the board has been put on hold. backlash from republicans and democrats, and what it would mean for free speech. questions have also been raised over her past social media and particularly her tiktok videos. nina jankowicz has been subjected to unjustified and vital personal attacks and physical threats and congressional hearings and media interviews. the secretary has repeatedly defended her eminently qualified and underscore the departments information work and will continue to do so. speak with the board has never convened. the board has intentionally mischaracterize. but this port is shut down because of disinformation, is that it is what is happening here? mischaracterizations with outside forces. nina jankowicz speaking out last night, list the
shelves last week than the week before. when cnn pressed the white house on what federal agency had answers or who worried parents should call if they can t find baby formula, this was the white house response. we would certainly encourage any parent who has concerns about their child s health or well-being to call their doctor or pediatrician. peter pitts is joining us. good morning, sir, so nice to see you. we ve seen recalls of formula before, but this is really a perfect storm because at the same time you already had a really tangled supply chain. tell us what is happening here and who is responsible. that is a great question because it really isn t a supply chain issue like gasoline. this is an issue because the baby formula business is a consolidated industry. there aren t a lot of players here. so when you take abbott out, not surprisingly, you have shortages. who is to blame? i think the blame is placed squarely on abbott which is the company, fda inspected th