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