Here on cspan. Is the Health Care Reporter focusing on the pharmaceutical biotech industry for Business Insider and joins us via zoom for a deep dive into the topic of Coronavirus Vaccine. It has been hard to keep up with the news of the past two weeks. Take us through what you expect in the coming days and weeks. What we should be watching for this week. Guest thanks for having me, john. That makes two of us as far as trying to keep on top of everything. As far as the current state of play, these past three weeks we have seen three crucial positive readouts of data from leading programs. The first came from pfizer, the second came from moderna, and the third one this morning just came from astrazeneca and the team at oxford. These are three leading vaccine front runners, all three in late stage studies appear to be effective, the first to 95 effective in preventing covid19. Thatnity is expected to do late november, early december. That will set up an fda decision, all eyes turning to
The key is to think about it order by quarter. You had a deep drop in the economy last quarter, and you are back up to where 95 of the economy is restored, and then we all work out the high net was one point 2 a 1 to 2 of the economy, it will take a while to grind through that. The audi is every at the reality is every estimate has gotten better rather than worse. Why is that . Consumer activity stayed strong. The fiscal stimulus, the monetary stimulus, the programs the fed has between the government and congress, between what the fed did. To bring the hole economy back up to the level and now we have to let it work out from there and we probably need more stimulus for defined places still in difficulty. Restaurants, state and local governments, schools, performing events, venues, some of the Industries Airlines and other things that you cannot have people do at the rate we have before. The rest of the businesses, Dentists Office are busier than theyve ever been. We saw Consumer Spendi
Kelly. The dow shedding 5 in lets get to bob for more on this sell off. Bob. I think the key here today is oils impact but its impacting things outside the oil market. Leets ta lets take a look at the sectors. The two biggest that are out there, tech and financials are the weakst ones. They will put pressure on the s p 500 because they are a big part of the overall market capitalization industrial is also weak. Energy is not among the big pressure points in the s p 500 today. I want to poipt out some of these big momentum names that have helped in the tech area in the last few days. Generally, weak today. Advance micro, starbucks these are momentum names that have done well recently and they are having problems today. The futures contract highly showed you that. Its remarkable to look at an 8 future track as 18. Thats an enormous spread were looking at here. Some of these Tanker Companies have having a tremendous day to the up side. Soc some of these Energy Futures just all over the pl
Coronavirus lockdowns but the head of the w. H. O. Urges caution. Without National Unity and Global Solidarity. Class does. The worst use it to focus. For the 1st time ever u. S. Oil prices have crashed into negative territory after the markets benchmark fell more than 100 percent in a day producers are now paying stockpile is to take barrels off their hands as the man dries up due to the coronavirus pandemic and storage runs low this says many European Countries are actually starting to ease lockdown restrictions with some shock shutters lifting across germany that mark and the Czech Republic theres also positive news coming out of it for the 1st time the number of people currently reported to be infected with corona virus has fallen from yesterday by 20 however the World Health Organization has cautioned that easing lockdowns does not mean the pandemic is over its warned that without countries working together the worst is yet to come but lets start with those historical losses on th
Equipped. Heres what our government has given asked. As you can see we need a full range of necessary medical equipment so we actually dont have to provide sufficient medical house. Please for my heart. As the bodies of. Being left on deserted streets because Health Services cannot cope with demand. That. International for more welcome to the program is just. South of day im kevin here with his 30 minute world news. And and as weve just been describing in the headlines there are a couple of developing stories to brief you on 1st one for russia one person has died after a gas boiler explosion in Apartment Building in the Moscow Region it happened in the town thats around 90 kilometers east of the city of moscow at least 4 people have been injured there we gather 3 are in intensive care according to merge and the services they also think the explosion happened in the 3rd floor apartment destroying 5 apartments as it went off and badly damaging 5 others you can see the scale of the mess t