Participating in the trial. We want to break it down more. What do we know . What are the questions . Reporter pfizer is telling us they have a vaccine that appears to be more than 90 effective. They studied this immunization in 43,000 people, and within about a week after the second dose, they found that more than 90 of people who got the vaccine were protected against the actual coronavirus. Know that it didnt take very long. We dont know the actual numbers of how we people were infected, but if we are looking at more than a 90 effectiveness rate, which was much higher than anyone expected, we are getting suggestions that this vaccine is quickly protective for many people. We still dont have news on how long it is going to last. We dont know whether or not there will be any safety signals. After that, they might be filing for emergency use authorization. Jonathan what kind of vaccine is this alix what kind of vaccine is this . Vaccine. It is an mrna theres nothing like this that exis
The next 100 days. Tom the transition challenges are simple. He needs a single letter out of gsa and that has not happened yet. We will do with Greg Valliere a on this in a moment. There are still four states with under a 1 count, and that is really what matters around all the hoopla. Francine it certainly does. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Biden is launching his transition effort while President Trump continues legal challenges over the election. The news media declared biden the winner of the president ial election on saturday. The former Vice President won or was leading in states that would give him more than 270 electoral votes needed for victory. Meanwhile, the president has falsely claimed victory whilst saying there was widespread in legal voting. He has not offered any evidence. President elect joe biden will take the first step to one of his Biggest Campaign promises today, to bring the Coronavirus Crisis under control
How he plans to wipe out the disease. Still, no concession from President Trump who has been flooding facebook and twitter with unfounded messages that the election was stolen. Expecteddministration not to play so nice with big tex. Expect more public engagement, public oversight, and regulation. Those stories in a moment. Paring gains. Ocks markets widely mixed at the end of the day on a bit of an ugly close despite intraday record highs. What are we seeing here . Abigail if you had a dollar for every time i said this, you would have a nice pile of money. It was another wild day. Stocks surging out of the open. The dow up nearly 6 . Russell 2000 hitting its first record high, more than 6 . At the close, we had stocks pullback to some degree. Up. Dow closing where we had losses, the nasdaq 100 down 2. 2 . The faang complex, those make a cap stocks, down 3. 2 . The reopening trade clearly doing very well with pfizer which itself was up about 8 on that vaccine. Certainly a light at the e
Republican leader Mitch Mcconnell says President Trump is right to protest the vote cap. The u. S. Sanctions more people in hong kong over chinas increasing control. Washington has suspended its treaty with hong kong and ended reciprocal treatments on shipping. Haidi lets take a look at this market situation we are setting up for. It is firmly risk on after all the really bullish view overnight on account of the high efficacy from the biotech vaccine. Asx 200 trading higher by 1 10 of 1 . It is a handful of asiapacific markets there is or going into overboard territory. One of those is new zealand. We are seeing kiwi stocks of about 9 10 of 1 . We have the rbnz decision ahead of us this week but that market is up now for six consecutive sessions. Nikkei futures reversing pretty dramatically at the moment. Above looking at opening 25,000 for the first time in 30 years. Trading at thell highest since november 1991. A quick look when it comes to u. S. Futures as well. S p active futures u
Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a