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
we have team coverage with jacqui heinrich who is covering the president from massachusetts, but we begin with jonathan in atlanta with more details on this omicron variant. katy hochul signed executive order freeing up hospital space for potential surge in covid-19 patients. it takes effect in december 3rd and will be reevaluated on january 15th, governor heck ho l said in a statement that while the omicron variant has yet to be detected, it is coming. first identified in south africa, but dr. anthony fauci said he wouldn t be surprised if it s already here. doctor: we have not detected it yet but when you have a virus that is showing this degree of transmissibility and you re already having travel related cases that they ve noted in israel and belgium and other places, when you have a virus like, this it almost invariably is ultimately going to go essentially all over. to protect yourself against omicron the cdc recommends pretty much the same strategies of the earlier
You d be sure to catch him here on fox business at noon eastern and then here on fox news channel at 4:00 p.m. eastern, keep it here for your latest news. you know, fox news will continue right now, so don t go anywhere. we have a lot ahead for you. happy holidays. fears of the new south african variant of covid that may be more contagious than delta and less responsive to vaccines have countries to put in place new travel bans, president biden calling for restrictions to start monday in the united states. all this news leading to a big drop in markets yesterday as investors worry about possible new lockdowns and restrictions for businesses and commerce. welcome to fox news live i m alicia acuña. griff: and i m griff jenkins, great to be with you, alicia.
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