As timing who gets it and when, that is all still to be decided. There is a bit of a protocal for this. Well get into that with a prominent doctor as well. The left and right view on this battle, but first to blake burman on this latest news and this efficacy rate which was higher than both companies originally said, right . Reporter exactly, neil. We knew this Pfizer Vaccine candidate was effective. Pfizer though reiterating that today, in fact raising the effective rate on their covid19 vaccine candidate but just as important pfizer today also reported that they believe their vaccine candidate is safe which is why they say they are going to be applying for the eua. That is the emergency use authorization that the fda gives out. They will apply for that in the coming days. Here is what pfizer said earlier today as part of their news release they put out this morning. To date the Data Monitoring Committee for the study has not reported any serious safety concerns related to the vaccine
Shoppers are spending more during each visit during the pandemic which is good news for target. That is a bright spot in otherwise down day on wall street. Im Connell Mcshane. Welcome to after the bell. You know the numbers after the bell. We have time for the news that is happening at this hour. Fox Business Team coverage, blake burman is in washington, we have Jackie Deangelis in the new york newsroom, Ashley Webster coming up as well watching some of the new restrictions on business ahead of the holidays, well get to that in a moment, but, blake, lets start with you. Whats the latest. Reporter big news out of pfizer today, connell, 95 effective and safe that was the news out of that company as it relates to the covid19 vaccine candidate with pfizer saying they could apply to the fda for that emergency use authorization here in the coming days. Here is what pfizer said this morning about that covid19 vaccine that they are putting forth. They wrote, quote, to date the Data Monitoring
Yeah, look, we have to be careful because there are Many Companies that benefit, but we have been piling into stocks that were meant to be as if there were no vaccine until some time maybe some time late 2021 where then there will be 2022. So, you have the nasdaq futures up way too much. You have the s p, i think, and dow up the correct amount given what is in those stocks because youve got the bank stocks suddenly maybe they get a real break. Travel and leisure are just incredible how bad theyve bipartisan and then youve got, what do you do with a service here now honestly, what do you do with a company like a zoom or a peleton. Thoseniquely price for a belief that covid will be with us for a long time. David, you know a lot of stocks are trading not as if theyre going to be households and everythingen wi en with everyone is going to have them and trading as catastrophic growth in a number of cases. While there still could be for a number of months, element that says, you know what, i
Chances of a compromise look slim. And trump says he will leave the wine house if joe bidens is confirmed by the Electoral College but says he may never concede. Good morning to you. Happy day after thanksgiving, it is black friday. We are seeing different sentiments. We saw Global Equities gain but sentiment is subdued. S p 500 futures flat. America comes back online after thanksgiving. We see money moving into the treasury markets down more than three basis. Money moving into havens like the yen. Up against most major peers. Wti taking a leg lower. 44 in that handle. Outputama going into the production meeting monday. Iraq, uae, they do not want to resume sales. Potentially drama. I want to show you the fantastic chart on the terminal if we can switch up the boards. Global stocks, even though they market, theyin the are on track for the best on record, up 13 . Best month on record since we have been tracking the data since 1990. We are seeing exuberance in the Global Equity market bu
To unmute your microphones anytime you speak. If at any time during hearing im unable to chair the hearing the human chairman colon or vice chairman of the committee congressman kennedy will serve as chair until im able to return. Documents for the record can be sent to Benjamin Tabor at the email address weve provided. All documents will be entered ininto the record with the inclusion of the hearing. The chair will not recognize herself for an Opening Statement. Today the energy and Commerce Committee continues itser oversight of the nations covid19 Pandemic Responsee examining a safe and effective covid19 vaccine that the American People can trust. In the eight months we battled covid19 over 7 million americans have had the virus and tragically over 200,000 have lost their lives. Millions ofll people face on employment and have lost their Health Insurance and families are still juggling childcare and virtual classrooms. The list of those most vulnerable to covid19 is especially on th