Well, good morning. Its monday, november 30th. Hope you all ate lots of good food this weekend, but some big news this morning. Moderna will ask the fda for emergency authorization use for its covid19 vaccine today. The massachusettsbased Company Released its latest trial results just an hour ago. It says so far it found the vaccine is just over 94 effective. Moderna following pfizer in requesting emergency authorization use. The fda is scheduled to discuss pfizers vaccine next week and they could do the same for moderna on the 17th. We have assembled the abc vaccine team to bring you the most complete coverage and updates as they come in. Surging covid19 cases means that San Francisco and san mateo counties have to roll back to the most restrictive purple tier and that means those two counties are part of the statewide curfew for purple. Gyms also have to operate only outdoors. Top attractions like the academy of sciences are closed. Indoor worship not allowed in purple tier counties.
Movers was in the s p 500 this week. Tshirt. Ands and your underpants, right . I guess what. When you work at home, you still need your briefs. [laughter] still with us, hopefully, david balin. David, we are heading into the heart of the earnings season next week. Earnings companies next week, that is the real meat of it. What are you looking for to see from these companies . Margin improvement . Revenue growth . Or are you still concerned about the bottom line . Those three, but more importantly we are looking for the trajectory, the information they provide about the trajectory in their business at this point. The Balance Sheet health of the companies and their ability to fund operations, the degree to which they are bringing back employees and we are looking at changes in competitive position, which you touched on several times in the weeks passed to see if companies are actually gaining share in their respective businesses. So, its a lot of data that we think indicates the degree t
A circumstance to animals to people who move to the markets there no less than a celebrity like support mccartney who is quick to say we must close the wet markets down i notice youve been keen to emphasize the difference between western markets per se and wildlife markets perhaps seeking not to oriental eyes this pandemic. Yes well the thing is the point about a wet market is that most wet markets in china dont sell wild animals theyre more like they promise markets that we have while we have them in britain and america but not wild animals thats now been closed in china the trading and selling of wild animals for troops the problem here is you saw one problem but then another looms and the one looming here is all the thousands of people who actually have no other likelihood so you have to help them get through changing from breeding and selling wild animals hunting wild animals for food and finding another way of making money so you see poverty is crucial eradication of poverty is cr
20. 5 in a data set thats never been more than 2 million in a single month, numbers we never expected to talk about no. The numbers are just completely and totally shocking not unexpected however given the carnage thats taken place in the economy over the last month as we locked everything down those lockdowns ending around the country. Things starting to at least normalize in some states the question will be of the 18 million workers who describe themselves as a temporary layoff of that 20 million, how many really will get their jobs back is a key given the markets reaction today, there seems to be an expectation that most of them will that will remain a question over the next many months as we hope that the economy does start to return to some semblance of normalcy mike, lots of internals to dig through here average Hourly Earnings show a chasm between lowerpaid employees in the country and those with higher wages who, judging from the data, lost their jobs at a slower pace. Yeah, no
The answer is not for a long time even the greatest optimists think a mass vaccine in the middle of 2021 maybe something smaller this fall the idea of something that is just given to you in the hospital iv that makes it so it eliminates the lets say the odds of you dying, its something that makes us feel like maybe this is the tamiflu for this dreaded disease i think, of course that makes people feel more optimistic. Everybody wants the country open, but nobody wants to do its been that stark, that bipolar. How about we get it open versus getting really sick. Thats something that people will say open it up, thats why the market is flying its not the tamiflu, its for when you are already fairly sick its very important i dont want to discount it in any way, listening to Scott Gottlieb has been one of the more rational voices on this throughout. He frames it properly. We actually do still need those antivirals that would be taken earlier in the course of the disease to mitigate its effect