The new Lockdown Craze sweeping the globe. Welcome to our viewers on pbs in america and around the globe. Major trials of a new vaccine have shown its effective against some new variants of covid 19, helping to reduce fears that they might prove resistant. Novavax is an american jab but its being produced in the uk. Its also easier to roll out than some previous vaccines since it doesnt need to be kept at ultra low temperatures. The news came amid a deepening row between another vaccine maker, astrazeneca, and the European Union over shortages. Our medical editor fergus walsh reports. Once again, science has triumphed in the fight against coronavirus. The Us Firm Novavax has released results of its british trial showing the first proven efficacy against the new, more contagious uk variant. There were more than 15,000 volunteers on the trail throughout the uk. Over half the cases of covid recorded were the result of the new variant. The results showed the vaccine was 95 effective agains
After they took on the big money of wall street. And get your skates on the new Lockdown Craze sweeping the globe. Welcome to our viewers on pbs in america and around the globe. Major trials of a new vaccine have shown its effective against some new variants of covid 19, helping to reduce fears that they might prove resistant. Novavax is an american jab but its being produced in the uk. Its also easier to roll out than some previous vaccines, since it doesnt need to be kept at ultra low temperatures. The news came amid a deepening row between another vaccine maker, astrazeneca, and the European Union over shortages. Our medical editor fergus walsh reports. Once again, science has triumphed in the fight against coronavirus. The Us Firm Novavax has released results of its british trial, showing the first proven efficacy against the new, more contagious uk variant. There were more than 15,000 volunteers on the trail throughout the uk. Over half the cases of covid recorded were the result
Some signs of nervousness is also showing for the banks. Bonds are rallying a little bit so that means yields come in and that weighs on the bank so thats a little bit of a pause in the cyclical rally. How does the market really react to what the economists are seeing . They say we will be good in the second half of next your but have a really tough spot between here and there. Have the markets price that in . Abigail the markets do not appear to be pricing it in all that much. As you know, some of the longer term charts are starting to show the possibility that equities in particular are stretched and there could be some sort of sharp pullback for the end of this month or the beginning of next year. That could very well reflect the air pocket the jobs report for november is very disappointing suggesting december and january could be worse. It appears theres some sort of awkward middle ground in the First Quarter of 2021 and maybe beyond. The optimism that the vaccine will bring to the
Moderna says its vaccine is nearly 95 effective moderna up 9 , 10 right now while the other vaccine stocks are actually dipping we are awaiting president elect bide wren to give remarks about state of the economy after meeting with top Business Leaders and ceos today well get you there when it happens as power lunch starts right now. Thank you, ty. The dow was soaring to alltime highs, just shy of 30,000 today. All signs pointing to a continued rally except for one, a very important one lets go to bob pisani for more on that. Bob . We are seeing that moderna is helping the market overall and continuing a trend that we saw for the last really week and a half lets take a look at the sectors here the story is valuelike banks and Energy Stocks has been outperforming growth areas Like Technology for example nen weve seen cyclical sectors like industrials, for example. Generally outperforming defensive sectors like consumer staples. Generally small caps have been outperforming big caps in is
Ill be back in about 60 minutes with more hope to see you. Then i am max keiser. This is the very kinds a report in no, never discount the power of meaning. Yes. Max, my favorite mean of all time, really, i think thats the heart of all the stuff that is going on. Whether it was the failure to predict what happened in 2016, both in the us election and breaks. And now in 2020, is that when you create this fantasy world around you of money printing price, propaganda, and political misunderstanding where you never leave your bubble on twitter of all blue checkmarks where you never, it leaves your manhattan elite circles or d. C. Circles. Then you dont understand the people and once again, you know, as we saw, and as we see this unfolding boat disaster around us. This mean tells everything you need to now. Its, heres the screaming pollsters, the screaming mainstream cable news media yelling at the people that the people got it wrong. They got it wrong. Its, this is reality. Thats the cat ca