1200000. 00 people worldwide including almost a quarter 1000000 in the United States alone with cases rising in nearly every state right now there are many groups seen record number. We have now. So this is a very serious situation. Worse. According to Johns Hopkins university 43 states reported at least 10 percent more new coven 19 cases on monday compared to last week while the average of daily number of new cases soared 34 percent over the past week while testing has only increased just over 7 percent during that same time period cases and hospitalizations are setting new records all around the country just as the holidays and winter approach dr megan rainey an emergency room doctor at Brown University says we are heading into the very worst of the pandemic right now the degree of spread out. This infection and its toll on our country is going to be to a large extent determined by what happens in the next 2 months while the global number of coven 1000 cases top 15000000 what the us
Is a boom bust for the one business show you cant afford to miss friendship or in washington coming up the markets are roaring following a breaking development in the race for a coven 1000 vaccine straight ahead well bring you up to speed on the latest from pfizer and where we stand in the face of the Global Pandemic that is moving forward with 4000000000. 00 in tariffs on u. S. Products due to illegal subsidies provided to boeing later well go over the details and how a change in the white house may affect the trade relationship between the 2 sides with a packed show today so lets dive right in. And we lead the Programming Program with promising news on the colbert 19 vaccine front as early data from foreigners are showed their vaccine candidate was more than 90 percent effective but does this mean the end of the pandemic is in sight well our chief correspondent Trinity Chavez has been following the story and filed this report. Say a coven 1000 back scene has been developed and it may
Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00
With france reporting record infection rates as germany curfews go into effect in berlin and frankfort. President trump is back on the campaign trail after announcing he has fully recovered from covid, claiming he is now new. Well get rid of it all over the world. You see big flareups in europe, big flareup in canada, very big flareup in canada you saw that today a lot of flareups, but its going to disappear congressional lawmakers have rejected a white house proposal for a new 1. 8 trillion Coronavirus Relief package, as talks to reach a fresh stimulus deal before the november election remain at an impasse. The Trump Administrations plan would include aid for state and local governments and Liability Protection for business, along with 20 billion in support for the struggling airline sector. Senate republicans, though, oppose the plan in a weekend call with treasury secretary Steven Mnuchin and white house chief of staff, mark memeadows, saying they were not pleased with the high cost
0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety