new fears kicking off of an outbreak putting americans on edge. the president still on vacation in the home of a billionaire in nantucket, massachusetts. let s turn now to jacqui heinrich in that town. we saw the president yesterday, but what s he saying now about the new variant? reporter: hey, good morning to you, edward. despite holiday sales that were expected to climb at a record pace this year, national retail federation predicting up to 10.5% the global markets are reeling from the news of this new variant, and yesterday president biden announced travel restrictions from south africa and seven other neighboring countries will be imposed similar to those imposed by the u.k., more than a dozen other countries after they spoke with scientists about how fast new variant was spreading and also whether vaccines are effective against it. the president said the decision to hut down travel from south africa was made out of an abun cannes of caution, but he abundance of caut
edward lawrence joining us now with more from hiroshima. good to see you, e. ward. reporter: good evening, i can tell you that president joe biden is in for the night right now. very interesting, the g7 communique came out and specifically calls out china for the first time if the very specific terms. now, it s very specific if about saying that it s the not meant to thwart china s development or progress, but it does get very critical of china s actions in specifically the south china sea as well as including the actions they re taking with taiwan, saying that changes to the status quo would not be tolerated. it also calls on china to end the programs meant to undermine security and safety in other countries as well as end human rights abuses. now, critics say the president has been dragged into criticizing china, taking a long time to push back. china s within helping russia as russia continues to try and take ukrainian land. the ukrainian president made a surprise visit