With norah odonnell, reporting from the nations capitol. Odonnell good evening, and thank you for joining us. Were going to begin with breaking news on a potentially Game Changing vaccine against coronavirus, at the same time infections of the virus in the u. S. Are now growing by the millions. Tonight the Biotech Company moderna says it has developed a vaccine that is nearly 95 effective and capable of preventing severe illness. The company says with emergency approval from the f. D. A. It could start giving the shots to highrisk patients and healthcare workers as soon as next month. Well on wall Street Investors reacted enthusiastically, pushing u. S. Stocks to new highs, even as experts warn the country is plunging deeper into a deadly and dark winter for the pandemic. And as we come on the air the u. S. Has surpassed 11 million cases. Thats a million new infections in just one week. That is two million since the beginning of this month. And hospitals, well, they are reaching a brea
Im larry beil. Im christian see. Were in a difficult situation and we got to keep pushing. The push to get people to wear masks and stay safe into the holiday season. This as california hits an unfortunate milestone in the fight against the pandemic. The state marked 1 million cases today according to data compiled by several news organizations. That includes people who have recovered, texas became the first state to hit a million cases yesterday. More than 18,000 californians are died. In the bay area, there are more than 130,700 cases. Alameda county is causing further reopenings as it anticipating moving to the red tier. Daily new cases for 100,000 people are up to 4. 9 from the countys low of 3. 4. There is also a steady increase in hospitalization. Officials say if Current Trends continue, the county may be put back into the most restrictive tier and that is purple. Spiking numbers have counties in the bay area hitting pause in their reopenings. The question is this going to be en
Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
Restrictive tier. Its not the news we want heading into the holidays. As weve seen reopening, which is anticipated we started to see more cases. Like much of the country, cases are on the rise california and now 11 1 counti are moving into a restrictive tier. Contra costa moved from orange into red meaning substantial spread. Californias health and Human Services secretary dr. Mark galley said most of the transmission is coming from high risk situations where masks are not worn the entire time. Imagine multiple people at a small table playing a board game or having and sharing a meal. Across the state, the 14day Positivity Rate is 3. 7 up from 2. 5 . You can see on this graph showing bay area covid cases going back to march, cases arent yet where they were during the summer surge but there is a significant increase since mid october. We anticipate if things stay the way they are, between this week and next week, over half california own counties will mo into a restrictive tier. Reporte
Is growing every day. Chris ryes talked with two doctors on the front lines of the battle who are worried about losing ground. As the virus becomes more prevalent in the community, the chances that person sitting next to you at a dinner table or next to you in a store is infected is higher than it was, lets say, a month ago. Weve got to be super careful. New stats show thanksgiving could see the most air travel since the pandemic was declared. United Airlines Just added 1400 new flights. Add to that christmas and new years celebrations on horizon, dropping temperatures driving people indoors as numbers spike in the bay area and all over the country. Its a formula Public Health officials are extremely worried about especially considering everyones favorite holiday activity. Sit for many hours together with masks off because theyre eating. Thats a combination of all the things that are about as worrisome as you can imagine. You kind of get behind the eighth ball and you get to the point