but i want to get back to this new
strain of the virus that's really
clobbered the brits
on your screens are countries that have
announced bans
or strict restrictions on british
travelers
here in the u.s new york governor cuomo
claims the virus is quote
on a plane to jfk right now
ashley webster's been following this and
has more on the story what do you got
ash
yeah good morning stu the governor says
that because jfk has six
incoming flights from london every day
although i counted in excess of 10
with multiple airlines originating from
heathrow
and have yet to see any restrictions
being put in place now
cuomo calls that reprehensible and
grossly negligent
to allow uk travelers to fly into jfk
without being tested
the governor says it's the feds that has
that authority
and they should be imposing a covet test
at the very minimum
if not an outright ban and he also adds
that there's only a working assumption
that the vaccines would be
effective against the new strain north
of the border as we know canada
has already suspended entry of all
passenger flights
from the uk for 72 hours which went into
effect at midnight but we're keeping an
eye
on us authorities and health authorities
and the federal government to see
whether indeed
they're going to start imposing some
sort of restrictions on any flights
coming in from the uk stu
got it thanks ash now this new virus
strain in britain
is considered the way to express it i
think is 70 percent
more contagious than cobit 19 the
original version so to speak
infectious diseases dr matt mccarthy
returns to us this morning
doctor a whole bunch of questions can
the virus come here
and will covet 19 vaccines cover it what
do you know
we had i'm kind of scratching my head
this morning on this one
we've known about this mutant strain of
coronavirus
for months this is not something that
just popped up and we're scrambling to
say oh my goodness what do we do now
this has been around for months and it's
finally won out in a survival of the
fittest and we now see that it's the
predominant strain in certain parts of
the world in
in london there's no evidence that this
is
resistant to our vaccines there's no
evidence it's resistance to our
treatments
and there's certainly no evidence that
we have a way of containing it
the governor is right this thing has
come to the united states probably
months ago
i do not support these strict travel
bans and lockdowns because the cat's
already out of the bag
and and the final thing i'll say is
there's no evidence this thing is 70
percent more transmissible
i actually looked at the data they don't
know that that is a wild guesstimate
we don't have the data yet on that so
what we don't know
is very important because we don't know
it doctor just hold on for us for one
second which i've got a couple more
questions later
but i want to turn now to keith
fitzgerald market guy of the morning
there's a sell-off big-time sell-off
keith and despite the fact that we've
got the modern vaccine out there despite
the fact that we got a virus deal we got
a sell-off
should we be worried you know here's the
thing stuart
should you be worried sure but should
you give up on your discipline should
you abandon hope
absolutely not in fact i'm already
talking with my team about taking the
other side of this trade tomorrow i
think this is a knee-jerk reaction
if we get any kind of buying to the good
doctor's point there's a lot we don't
know which means we've got to bet on the
recovery
because that we do know science will
beat this thing it's just a matter of
when
and you're betting big time on a
vigorous recovery next year because
you say that money is being chopped at
the economy
chopped at the market right well i'm not
betting big time yet but that is the
intention i mean
we have never before had a global
lockdown in recorded history we have
never before had a simultaneous global
reset
the amount of money that is going to get
thrown into this from central banks from
companies from earnings
that's on the sidelines when people
start to fear they're missing out
is going to be staggering so is the
timing a little adjustable yeah it is
but you know mid-year next year or so
i think we're right back to the races
and the opportunity is to be on the
starting line
not trying to figure out whether you
want to be in the stadium all right we
got you keith thanks for coming in this
morning we appreciate it it's a big day
i want to go back to dr matt mccarthy
pfizer's vaccine there are reportedly
side effects
is that a big cause for concern
not a big cause for concern but it's
something that i'm keeping an eye on
you know the the thing we say is that we
breathe a sigh of relief
once the vaccine has been given to 3
million people we're not there yet we're
still in an observation phase but
what we're seeing is that some people
seem to be having a legitimate allergic
reaction
and some people are just fainting or
they're getting nervous or their tongues
they don't know what's going on and
maybe it's an allergic reaction and
because this is so new we have
to watch it i haven't seen anything yet
that makes me concerned uh you know
there's been this
uh thought that polyethylene glycol is
the ingredient that's
in the pfizer vaccine that's causing
allergic reactions that's kind of weird
polyethylene glycol is all over the
place we use it it's a relatively inert
substance
i'm not ready to say that's the culprit
but that component that polyethylene
glycol is
also in the moderna vaccine so we're
going to be keeping a close eye on
allergic reactions and to get back to
the point about this new strain
if somehow this virus continues to
mutate to get around the end
the vaccines that we have we can update
these vaccines there are people at the
nih who are already working on this
issue we're not going to be caught
flat-footed here
i am in no way concerned that we are
going to somehow fall behind and this
virus is going to outsmart us we've seen
that these vaccines
are powerful and if necessary we'll
update them just the way we do with the
flu vaccine every year so
no reason to put a damper on 2021 by a
mutated virus that we've known about for
months
all right doctor you are calming us all
down and for that we appreciate it and
we appreciate your expertise
dr matt mccarthy we'll see you again
soon