Hello and welcome. The European Union has backtracked this hour in a row with the United Kingdom over the export of Coronavirus Vaccines. Earlier, brussels introduced new controls giving Member States the power to block vaccines being sent abroad. Then to reinforce that, it announced the invoking of a clause in the brexit deal that would reinstate border checks between the eu and Northern Ireland, in Effect Stopping Vaccines entering the u k by the back door. It all underlines how sensitive the distribution of vaccines has become as nick beake reports. Throughout the week, this post brexit battle between the eu and a british based Vaccine Maker has been intensifying. European countries are demanding that astrazeneca delivers all the jabs they ordered, even if it means taking them from the uk supply. It all hangs on the contract the two sides signed thats now been released, although with parts blanked out. Astrazeneca says it agreed to do its reasonable best. The eu insists it was a leg
Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
We have a ton of developments today in the Coronavirus Vaccine situation. What we do know is encouraging in many waysramping up vaccine production. What we dont know about the effectiveness is terrifying. It makes you wonder if the u. S. Needs to dramatically rethink the current Vaccine Distribution strategy. Lets start with the good news. Today johnson and johnson leased some promising data from its phase three clinical trials. The vaccine is 72 effective in the u. S. At preventing moderate to severe illness. Experts consider that a strong level of protection. Here is the potential worrying news. The company disclosed the data suggests the vaccine was less effective against the South Africa Covid Variant we have been dropping. Effectiveness dropped from 72 to 57 . Its called that because it was south africa was the first place it was found which is more contagious and resistant to the vaccines we have. Its already in the United States and appears to be spreading. The more contagious u
In u. S. Inflation numbers. Medicine, food prices higher. Usedcar prices rising the bust since 1969. A deceleration in Core Services prices. Pandemic buying patterns have altered to the point that transportation, lodging away from home, still seeing an increase. The data is signaling little acceleration. Lapsed fiscal eight. Policy rates still years away. When you scrape beneath the Surface Company inflation data is pretty lackluster. Joe it came in pretty much right as expected across the board. You mentioned car prices. We will talk about that a little bit later. To me, the big thing is that white line. I think it offers a a lot of signal here. Unlike a lot of other lines, this one continues to be saggy. I think it is consistent with this ongoing disinflationary slump, not exactly it is the opposite of hot, whatever that is. Romaine we saw underneath that data, Something Like grocery prices actually fell in the recent month. When you talk about whether there is inflation, i guess the
All of the effort back and forth over the weekend. I would really focus on the immediacy of the calendar forward. Weve got the Vice President ial debate on wednesday. 10 days out to a president ial debate, i believe still scheduled. Jonathan so far. Tom and in 29 days, the election. I think those are the numbers that get everyones attention this morning. The National Polling not looking good for the president of the United States. On twitter right now, that is the campaign for the president right now, knowing what these polls look like at the moment. Tom around 10 00 make it around 10, weve got a new tweet. 91 approval rating. Vote these are short bursts of tweets , i guess showing the action that he wants to come out of walter reed this morning. Jonathan and hit became pin trail, virtually speaking hit the campaign trail, virtually speaking. Lisa to me, really interesting to see the momentum, how much it is slowing. We saw signs of than the jobs report. U. S. We will get a read on sep