Astrazeneca is to resume vaccine trials. Virus numbers rise but travelers defy warnings to stay home. Imports of u. S. Goods closed slowed last month. David amidst all of that and a overnighthat markets we are getting futures coming online in about 60 minutes. Been a veryt has good past two weeks for global equities. The nikkei 225 flirting with 27,000. Kiwi dollar has been standing on the platform. They are not getting a lot of action. It has been about a weak dollar. About vaccineing reflation trade. Astrazeneca will run another global trial. Amid questions about the program and the level of protection. Initial test claims varying degrees of efficacy, sometimes as high as 90 . Our Deputy Managing Editor has the story. We have been asking a lot of the experts whether they can explain the gap between efficacy depending on the number of doses. No one has managed to come up with much of a thesis. Is that why there saying more trials are needed . Is that why they are saying more trials ar
And that because your point on bonds. Right now we have the 10 year yield backing up six basis points on the week, up 14 basis points. The worst week for bonds going back to august. Bonds selling off. That pushes yields higher on the idea there is some kind of recovery happening around the stimulus. It is going to be interesting to see whether or not the 10 year yield can break out of this range. David we will have to watch that carefully. We knew the job numbers would not reflect all of the covid surge, but we did not expect them to be showing downward trend before the covid came roaring back. To take us through what the numbers may indicate we welcome douglas holtzeakin, president of American Action forum. He earlier served as director of the Congressional Budget Office as well as chief economist under president george w. Bush. Great to have you back with us. Disappointing on the downside. How much should we read into that . Douglas the real significant piece is on the Household Surv
Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
You have run one of these. You know what a gargantuan task it is. How difficult is it because we have been delayed getting it started . Valerie needlessly hard. The president elects team has been assembled, they have been working diligently on policy and staffing recommendations for the president elect, both in the white house and in the cabinet. Withe midst of a pandemic, millions of americans losing their jobs, it is more important than ever the agencies be available to the Transition Team. I always say one of the things that surprised me with president obamas transition was the unbelievable degree of cooperation we received from president bush. We may not agree with him on but whathat what president bush believed is a smooth and orderly transition from power. When president obama was leaving, he did the same thing in his direction for President Trump. This is not about politics, is about keeping our country safe and healthy. There is about but a focused on the Daily Briefing the pre
Text and donate, here is the number 415 3294231. And you can text the word donate to that number. Would also like to thank the osha foundation for supporting todays good lid event. I like the name of that. It is my pleasure right now, my just overwhelming deep, deeply i cannot even tell you how much i love this woman. It is my pleasure to my very dear friend sunny hostin in the Award Winning journalist and cohost of the view. I have worked with sonny for many years. We he talked about sisters and brothers, we fightut it is all love. Her new book i called, here it is, i am the truth. It is a memoir of identity justice and living between worlds. It is a revealing look at her really incredible sto. Sunny grew up in the south bronx. And through hardork, through determination come for the suort of her parents and family she obtained a l degr. She went on to become a federal prosecutor massoud recognize for stellar work prosecuting crimes against women and children. She is a fighter she is i