Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. And good evening. As america faces whats expected to be the worst wave of covid yet, there is a groundbreaking development in the race for a vaccine. The drug maker pfizer announcing early data shows its experimental vaccine is more than 90 effective in preventing covid19 that would make it about as effective as the polio vaccine pfizers ceo telling cnbc we could have up to 50 million doses of it by the end of this year it is a great day for science. It is a great day for humanity when you realize that your vaccine has a 90 effectively. Thats overwhelming. The good news comes as the virus spreads across the country at a rate weve never before seen cases on the rise in 49 states over the past week 31 of them having their biggest spike since the pandemic began in the past eight days, weve had more than 830,000 new confirmed cases. Total hospitalizations are back up to where they were back in july, with
American gulf coast prepares for yet another blow. Plus, changes at the pet score. The controversial item for dogs that will no longer be sold. Unusual punishment. Why inmates at one jail say they were tortured by a childrens song. And this morning, paying tribute to two beloved musicians. I can see clearly now from johnny nash to rock legend eddie van allen. Go ahead and jump, jump a look back at what made both so special. Good wednesday morning, everyone. We are just hours away from tonights Vice President ial debate and the number of coronavirus cases linked to the president and his inner circle is growing. At least 24 people have tested positive so far. Among the latest is the president s top aide, Stephen Miller. Also this morning nearly all of the joint chiefs of staff are in quarantine. President trump has been tweeting in recent hours attacking his own fda for following s onvaine, he eelast s to americans a 1,200 stimulus check even though he called off negotiations on a stimul
To escape a massive hurricane taking aim at cancun as the american gulf coast prepares for yet another blow. Plus, changes at the pet score. Onger be sold. Unusual punishment. Why inmates at one jail say they were tortured by a childrens song. And this morning, paying tribute to two beloved musicians. I can see clearly now from johnny nash to rock legend eddie van allen. Go ahead and jump, jump a look back at what made both so special. Good wedsd mni, everyone. We are just hours away from tonights Vice President ial debate and the number of coronavirus cases linked to the president and his inner circle is growing. At least 24 people have tested positive so far. Among the latest is the president s top aide, Stephen Miller. Also this morning nearly all of the joint chiefs of staff are in quarantine. President trump has been tweeting in recent hours attacking his own fda for vae, and hlate ter guidelines on last night that he stillan to americans a 1,200 stimulus check even though he call
Gyms theaters, for about a month. Were following all of that. We have fox twist Business Team coverage. Grady trimble, in chicago. New restriction being imposed. Edward lawrence on the tech hearing in washington. We have to first hear from Ashley Webster with the market selloff. What a day. Ashley all proving to be a toxic formula for the markets as Investors Cash in and the vix fear gauge hitting the highest level since midjuly. As you just said, connell, the dow, the s p, the nasdaq all down 3 1 2 on the day. We saw a little extra selling heading into the bell. Maybe that news out of france, adding to germany on a national lockdown. May be a lockdown light. Never the less, businesses will be closed, that having impact. Shares of hotels, airlines and cruise lines all hit hard as covid fears grow for the economy. Check out the airlines. American down 2 1 2. Delta 3 1 2 . Southwest four 1 2. So on and so on. Jetblue down 6 1 2 . As for the cruise lines who just cant buy a break like the
Joe bidens plans might not be that helpful for the market no matter what moodys says. We raised a issue about moodys. Theyre saying it would be stimulative to the recovery. Moodys is a Municipal Bond rating firm. Under democrats generally a very a buoyant. News out of new york, Governor Cuomo says movie nighters outside of new york can open at 25 capacity. Here is the trouble. Those in the city dont think about it. One in Staten Island, owner of that theater does everything and anything he can to protect those that to go to his theater. Looks like he cant. For wait some time. Is that fair or balanced . We pick apart the theaters. You decide. Were keeping a very, very close eye on the real life movie playing out over stimulus. Right now growing confusion over nancy pelosi socalled 48hour deadline to come up with something from the white house, presumably. Republicans more generally to respond to her sort of bottom line deadline, get it done by tuesday or it is after the election. Lets g