More than 90 effectiveness in preventing the disease. This is very helpful news. And it is a trip to the innovative power of the private sector and efforts of congress and the Trump Administration to expedite the development of Covid Vaccines. A light at the end of the tunnel looks likeat its on the way. At the same time, madam president , it is essential esst minimize whats happening with covid right now. Cases are surging and are likely to surge further. Doctors and hospitals are struggling. Its essential we maintain key Safety Measures until those vaccines arrive. Number than everng we need to kp wearing masks, washing our hands and maintaining social distance. The more responsibly that we add, the more we can protect vulnerable members of the population and keep our doctors and hospitals from being overrun. Acting responsibly can alsols hp avert for the economic set of which would be a devastating blow to a lot of struggling businesses. I know its been a long, hard year and everyon
The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
Odonnell good evening, odonnell good evening, and thank you for joining us. We are going to begin with breaking news and another sign of how dramatically and quickly a new wave of Coronavirus Infections is sweeping across the country. Tonight, the nations Largest School system, new york city, says its closing all of its schools, sending more than a quarter of a Million Students who had been in classrooms back home for Virtual Learning tomorrow morning and creating chaos for working parents. That abrupt decision comes as the infection rate in new york again. Nce the epicenter of the and while clo pandemic, is rising once again. And while closing schools might be one of the largest indications of just how dire the crisis is becoming, it is far from the most devastating. As we come on the air, coronavirus has now killed more than 250,000 americans. Tonight, a recordshattering 76,000 more americans are hospitalized because of it. And one out of every five hospitals now says there just aren
2 15 p. M. Eastern and we have live coverag here on cspan2. Earlier sators john thune and dick durbin talkn the ongoing coronavirus pandemic the governments response. Madam president , yesterday drugmaker madonna fired for emergency youth authorization from the fda for the Covid Vaccine and the fdas Vaccine Advisory Committee is scheduled to discuss pfizers Covid Vaccine next week and is excited to review maternals shortly thereafter. That it is entirely possible that by the end of december the fda will have authorized, not one, but two Covid Vaccines that are so far shown more than 90 effectiveness in preventing the disease. This is very hopeful news. It is a tribute to the innovative power of the private sector and the efforts of congress and the Trump Administration to expedite the development of Covid Vaccines. The light at the end of the tunnel looks like it is on the way and at the same time, madam president , it is essential would not minimize with happening with covid right now
Immigrants, or they can override state voting laws or let violent felons out of prison, things that have nothing to do with the coronavirus. Those are the two most important things we could do to help those who are still struggling with this virus get back to work until vaccines are approved and widely distributed. What will not help, what will not help, will is not designed to help was the 133 programs that have been so much of the point of discussion today. The 133 facilities have achieved their purpose. The reason we wrote it and members of this Committee Help drafted it was to fundamentally that the credit slowed to fundamentally credit where the businesses. It was not to subsidize failing businesses that were not going to be able to succeed before china unleashed this plague on the world. It wasnt to bailout fiscally irresponsible, mostly democratically led states and cities who mismanaged their finances for years or even decades. It was to stabilize credit markets. And i have to