Where we bring you todays market moving news from around the world. From hong kong to beijing to london to washington our bloomberg voices are on the ground with this mornings top stories. Start right now with hong kong with the citys financial chief said the economys set to contract in fourth quarter. Jeff joins us from hong kong on the telephonement welcome. Give us an update where we are. And how the economys doing there. Jeff good morning to you. The economy is hoping to see some kind of stabilization in the coming weeks. But the damage has already been done in the third and fourth quarters this year. We have only just seen a relative easing in the protests. But we are a long way from having an all clear or any kind of resolution to the political standoff. That means that the tourists and the spending that are the core of this economy, they are not going to return soon. We may see stabilization but it will be lower levels. David thank you so much. Jeff black reporting from hong kon
It the most. The u. S. Is shattering its positivecase records, averaging more than 200,000 new cases, each and every day. Nearly 105,000 americans are in the hospital, today. Another discouraging record. And just yesterday, 2,546 people died from covid. These numbers make tomorrows fda meeting to consider giving emergencyuse authorization for the Pfizer Vaccine even more pivotal. Health and Human Services secretary, alex azar, is predicting a rapid rollout, once the doses are green lit. If everything is on track, it could be a matter of days. Fda approves the vaccine. We would then authorize shipment within 24 hours. 20 Million People should get vaccinated, in just the next several weeks. And then, well just keep rolling out vaccines through january, february, march, as they come off the production lines. Canada has just granted emergencyuse authorization for pfizers covid19 vaccine there. It is now the second nation, behind the uk, to do so. Cnns Alexander Field is live for us in rhod
More. And plus, wouldnt you love to make sense of obamacare . Well, we will talk to someone who says that he has the power to put Health Care Pricing in your hands as we look ahead on sunday morning futures. Good morning, everyone. A senior u. S. Official says that Sergeant Bowe bergdahl is telling the military that he was tortured, beaten and held in a cage after he tried to escape. All of this will no doubt become part of any investigation into the deal between the Obama Administration and bergdahls taliban captors in afghanistan. The white house trading bergdahl for five taliban leaders who were held at gitmo, but the congressional leaders are blasting the day saying that for one, they were not giveten 30day notice of it as required by law and now the Armed Forces Service committee wants to hold a hearing on that matter and we are joined by a member of the that committee. Good morning, maria. First of all, what is the timing, and when are you going to have these hearings . Well, one
After their week long thanksgiving break. That gives congress and the president , count it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. Were told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sitdown. But the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of Small Business owners. Then tomorrow, the president hosts more Business Owners and a group of middle class americans who would be hurt if the tax hikes take effect the first of the year. Then friday, a Campaign Style stop in pennsylvania, a toy factory of all places, highlighting the importance of middle class consumers in this holiday season. But back in washington, senate leaders, they are speaking out. You have democrat harry reid saying the pr
Terrifying prediction for the number of cases it in the state earlier today and announced some drastic steps. Reporter yeah, he did. One of the things he said about the cases, brooke, he talked about ventilators and the need for ventilators and he wants to have the stockpile ready when they are needed. He said of the people who end up on ventilators, about 20 of them will not get off that ventilator. Translation, they are likely not coming out of the hospital. He said the longer people are on ventilators, the more they could fall into that category. That is absolutely a sobering thought. He also talked about the number of cases here in new york and why it is important for people around the country to Pay Attention to what were seeing here. Take a listen. To the extent people watch their nightly news in kansas and say, well this is a new york problem, that is not what these numbers say. It says its a new york problem today. Tomorrow its a kansas problem and a texas problem and a new mex