Is boom, bust the one business show you cant afford to miss something. I want to fail in washington coming up. More positive news for a little bit of action scene. How did wall street trading about the record on monday will break down where investors are putting their money on the top of a massive trade deal and joining 15. 00, Asian Pacific countries, together with the Worlds Largest economy and lucked out, we have a lot to get. So lets get started. Historic day for modernity as preliminary results show its corona virus vaccine is more than 90 percent effective on monday, medinas early data showed 94. 00 efficacy for its maxine data also showed the drug maker gave 15000 participants a placebo shot out of those 90 people got sick on the other hand, a shot out of those 90 people got sick. On the other hand, another 15000 participants also received the vaccine or actually received the vaccine. Only 5 people got sick and thats where you get that nearly 95 percent efficacy. Those 5 who develop covert 19, none of them had severe symptoms. But then as president , dr. Steven hoag hopes to submit documents for approval in just the coming weeks. We know about 20000000 doses of the vaccine by the end of this year. And were looking forward to making about 500000000. 00 to a 1000000000. 00 this next year. But given the rate at which were are in pieces, we will have probably 150. 00 or under 51. 00 cases at the final analysis. We do expect that to be done within couple of weeks. Youre in the early documents and the mcgurn, a shares jumped 12 percent in premarket trading. This is a 2nd vaccine in the United States to have a stunningly high success rate. Last week, pfizer announced that early data shows its back scene is more than 90 percent effective. Meanwhile, the European Medicines Agency is Human Medicines Committee said its starting a rolling review of madonnas covert 1000. 00 vaccine. The regular is already reviewing vaccines from astra zeneca and pfizer. All in an effort to speed up the approval process. Now to a coronavirus update over the weekend, the us or past 11000000 new code 1000 cases. This comes only one week after hitting 10000000. Thats an average of about 150000 last week. Positive test rates and hospitalizations are up across the country, forcing states to place even more restrictions on social gatherings and even travel. The u. S. Leads global cases and deaths with more than 246000 ppi teletubbies. Meanwhile, countries in europe announced more lockdowns. Strict measures are being placed as covert cases continue to search, and south korea sought 3 consecutive days of triple digit cases, also forcing the country to tighten restrictions. Its being called one of the largest Free Trade Agreements in history. Over the weekend 15 Asian Pacific nations signed the worlds biggest free trade pact over the weekend 15 Asian Pacific nations. They signed this trade pack in an effort, in a way for lower tariffs or minimizing red tape. And arties, a correspondent, has more china than have to have the 1st 10 countries to open fast tracks and going away and to facilitate economically opening. Its been almost 8 years in the making. And on sunday, the Regional Comprehensive Economic Partnership known as r, c. E p. Was officially signed, its the 1st trade agreement that connects china, japan and south korea among the 10 countries belonging to the association of Southeast Asian nations covering some 2200000000 people. The agreement makes already low tariffs on trade between member countries, even lower. Some analysts say this new deal is the Worlds Largest trading bloc, according to almost a 3rd of Global Economic activity. Something economists say is needed for recovery during the pen demick. The agreement makes already low tariffs on trade between member countries, even lower. Some analysts say this new deal is the Worlds Largest trading bloc, according to almost a 3rd of Global Economic activity. Something economists say is needed for recovery during the pen demick. The global and regional economies are faced with immense obstacles and challenges arising, not only from covert 19, but also from the decrease in global trade. The conclusion of our c, e. P negotiation, the largest Free Trade Agreement in the end, a strong message that affirms asean leading role in supporting the multilateral trading system, creating a new trading structure in the region. The Virtual Meeting was designed to set trade rules, investment details, ecommerce and copyright specifics. The deal includes 15 countries, 2200000000. 00 people with a sick product of 26. 00 trillion dollars. Economists say by 2030, the deal could add roughly 200000000000. 00 a year to the global economy. The past initially included 16 countries, but india backed down amid concerns over cheap imports flooding the country, particularly from china on sunday. Leaders open for india to join the deal. Signing comes amid trade tensions between china and australia. Its not clear if beijing will cancel its latest tariffs and restrictions, well, the u. S. Is not part of the agreement. The mini mes Prime Minister said on sunday it would continue its core. Godless of who takes office in january. The trade agreement is set to effect within the next 2 years after countries ratified the deal reporting in los angeles and pasha suites. For more, lets bring in bill host chrystia. I chrystia good to see you and lets talk about the asian markets. Bouncing and monday session, another after these 15 economies in the region signed this alliance. Why is this such a big deal . Well, its not a pretty big step for china, especially as its basically in the Worlds Largest trade of the u. S. So the entire goal of the r. C. P. Is to all if some of the 92 percent of trading goods terrace, which would then the least of which would then deepen as i can get. So as a result and automakers. Today, those names are soaring. We just need all those being the base and the shape. So you have nissan, moslem to be, shes an author, you know, ive presented a and also high tech such an alternate. So this deal comes after 8 years of negotiations. Other countries are hoping that together, this will help you know, recovery from the shock of the right american. So i get disagreements and a very strong message to washington. Over the trumpet. Ministration has been trying to sever trade in favor of protectionism. But now its china being, its also trust us as a champion of station in our operation. Well, it is interesting because they are the worlds 2nd largest economy. But much like you said, this has been 8 years in the making. And this is, were looking at a proximately adding 200000000000. 00 a year to the global economy. Much like you said, did you feel, do you believe that its rushed . Or that given the timing of this is really because of the pandemic . I dont think its been a rash because it has been 8 years in the making. I do think it is a good comprehensive deal in order to promote further trading operation between the 2 mentions. I do think that the timing of it is very beneficial soup to especially the smaller parts of the irony. Those have been the most severely impacted by the virus shots. And essentially theyre, our economy is basically based offer to ours and service and streams. And those industries particular have been severely damaged by cobra 19, given that theres basically no trouble at all. Well, india is also pretty high up and cases and their economies also struggle, but theyre, theyre unsure, at least as of now theyre not part of this deal, correct . Currently they are not a saying that if they will welcome you back into the whole issue is ready to join. But currently, as it stands right now, and yes, we used to join this alliance in response to that in response to the fact that they believe that they want to keep more of the high tech news in that region and regain its own country. And there has been tension between india and china. That is christy, how is washington taking this . What is their response if anything at well, this is a really Alarming Development for washington as it just basically expands asias economic and trade and plans, especially in china. So this deal is being our way for china to drop the trade in the us now to Transpacific Partnership trade. So cartridges. So charming secretary that you made the 1st trump china at the time this week, saying that his incoming administration, they should start a new route. I remember she wanted to undo the past 4 years of great treats and that often also calls for a shift away from has lots of rest of that rests reciprocity to ensure the strategic competition between the worlds 2 largest economy will result in the u. S. Closing off well, so 2 years ago also had warned that the trajectory of the trumpet ministration, they would establish an economic ire. And its interesting to see that after so many sanctions and thats the restrictions crackdown public knowledge. Many of his predictions actually didnt hand out well if they really did. And you mention the u. S. And china, theyve been in the trade war. And what president truman restoration has done with, with the relationship between the 2 countries. Is this going to pave the way for washington under president elect joe biden, to then return to the Transpacific Partnership . We know that the trump trump pulled back from it and signed the executive order pulling out of it in 2017. Well, potentially, so i did actually back to t. V. Under obama and said that you would really go shoot a trade, you know, if he was elected, hed spoken that you knew while it wasnt perfect, you know, it was a good way for countries to come together to pull her kind of access. So right now the r. C. M. P. And its people are kind of in a face off against one another with r. C. He had a 30 percent of the world economy. And that he, in its original form, the u. S. That would have been at 40 percent. So when this treaty trading was the u. S. Multinationals, they would definitely benefit from driving under the new ministration option, certainly on the table. So we could see the u. S. Rejoin the successor deal, but we still have a long way to go before that because thats not expected to be. And i already from washington, given the considerable negative response to the negotiations from many segments of the u. S. Market or well, even the United States. And here weve seen that china has been an issue, a bipartisan issue, where both, both the democrats and the republicans say they need to go against china, at least in terms of these tariffs and continue to not necessarily left tariffs or escalate tensions. What can we expect from from president elect, joe biden . You think i think you will be forced to also take a very hard stance on china, which is why its, i guess, is not going to be a priority at all. Hes going to make a priority about quiting grown irish central back. So this is going to be pushed on the back burner for now. Because as you said, this is an issue that the democrats also strongly about saying and citing very specific instances that china and asia pacific nations because of the cheap labor they have been stealing jobs away from americans. Thats that. And their stance for a very long time. Which is why he wants to renegotiate a deal saying that is not the way it is right now. And that he will be very strong stance against trying, even, even as we try to simmer down the antagonistic reciprocity that weve seen over the trump ministration, especially with the tensions between them. We know a lot of experts analysts have said that, at least with joe biden, that we would President Joe Biden would be able to. Hes a little more, at least a pragmatic about things and that at least people can see where hes going to go and how hes going to take this kristie cohost. I think that will only bank you for, for breaking this down for us time now for a quick break. But when we come back, another historic watch to the International Space station opening up the possibility of a regular launch schedule from u. S. Soil. As we go to break up, the phone was always in the building, but the especially big city bright lights. You just but you know, g. s and many dangers and its also a city where up to 300. 00 sounds of the crimes are committed every year going up over the last living, but it will bring your mosque. Its filled to the reserve least one Police Officer for every 200. 00 residents in russias capital cost on the list. But they never appeared to me that were not going to come in a little look for us on the beat. Another big day for wall street. The dow futures jumped 500 points on news that Pharmaceutical Company announced the 2 had developed a highly effective coping seen as we previously mentioned. It was just one week ago when pfizer announced it developed a covert vaccine the how to achieve 90 percent africa c. In clinical trials. Well, joining us now to discuss has been was cohost and otavio monsey. The c. E. O. Of open was gentleman, thank you for joining me. Today, ottavio, lets begin with you. Im a journalist, claim its a vaccine is 94 percent effective in clinical trials. And that meant not just a surgeon during a stock, obviously, but also in the stocks for travel and tourism. Right. Well i history or you could call a surgeon that has been a stock. I think 1st white looks to me like a bit of a disappointment. Looks a bit like a damp squid when you think about it. Modernity is sort of a start up. If the Biotech Company means its one of the new after efficient and a lot of pfizer, the other big players and their approach to developing vaccines, but most of them. So now that it looks like their approach is vindicate, big breakthrough seems to work. The results are very impressive. And the stores only going up 0. 10. I would say, thats a bit of disappoint, thats not terribly impressive. Youd expect this to be the movie that was successful. The stock price soaring in triple digits as a result of what is actually interesting too, if you know, as a stock piles that has come down, some of done as a market cap with 3. 00 as market cap came down about 7. So theres been a net destruction of share over the write ups or travel, so it was a mirror to the world but more amazing as well. That something were going to see. Some are to what happened last week when we saw the pfizer stock surge because of the vaccine is optimism. We kind of started going down after a few days because cases are still going up. Well, i mean, the case is still going up, might be good news for them as the banks in the banks, in when the banks actually comes to market. So i dont think cases going up is about to stop us and is bad for the world than the one whos infected, not for the pharmaceutical companies have a vaccine for the, for the illness. So i dont think thats driving. I think people are looking at this with some skepticism on either you have to write 5 stores of them. So i was since the dinosaur didnt get the poll that you expect to get was such a breakthrough. So i think the markets are looking at, this is interesting, theres a chance this works, but were going to reserve judgment. Going to be something cautious about c o. Through that, it seems that way. And then were not looking at effect an ounce amount of this covert vaccine in just one weeks time of over 90 percent efficacy. But what does this actually mean for the rollout of the vaccine . Which means a couple things. Number one, obviously this is, these are claims being made by pfizer and by these have not necessarily been verified that the vaccine would actually work this way. This is just what theyre telling us. And i do think its important to note, you know, the mention of the stock jumping. So mcgurn of stock, jump back in the spring because madonna has a very bizarre relationship working alongside the National Institutes of health and actually getting taxpayer dollars to develop their vaccine. Other Companies Like pfizer got 2000000000. 00 taxpayer dollars, but theres a difference here. The difference with moderna is that the technology theyre using was actually developed by the end i h. And the National Institutes of health. Its not really during his development, thats the 1st thing. The 2nd thing, i think its very interesting about both of these cases and very few people are talking about this one mode, earn a stop shot up in the spring. Will journalist top 5 executives actually sold 80 percent of their stuff. They sold a huge amount of it, which was absolutely shocking to a lot of people if youre really watching what theyre doing, if your stock is going up, why are you selling it right now . A similar thing happened last week. The same day the pfizer made its announcement, the c. E. O. Of pfizer actually sold 60 percent of his stock. Now that already been kind of prearranged to happen. That decision to do so was made back on august 19th, but it just so happened that it coincided selling 60 percent of his stock coincided with this announcement last monday. So the only reason i bring this up is if youre an investor that has to make you say, lets give it a pause and lets see if this stuff really works. Because why would the people with the most stock be selling it right at the time of these announcements are coming out for a vaccine that going to be taken world . Why . Well, and the other thing too, were looking at these high efficacy rates, right . That number, the f. D. A. Only required 50 percent. How important is that then . Well, it is important if its true, but remember again this is, this is what were being told by muldoon. And this is what were being told by pfizer. Thats what theyre saying. Based upon the studies that theyve done, all of this has to be verified. There has to be a process of verification that the f. D. A. Is going through. And on top of that, obviously everything has kind of been sped up through this process. But even so there has to be verification for that. So you can come out and say 90 percent efficacy and were doing it can say we can do better than