ashlea is there, too. that's all for this edition of "dateline." i'm natalie morales. thanks for watching. . good morning and welcome to "street signs," i'm karen tso. these are your headlines european stocks selloff and futures plunge as the world health organization called an emergency meeting over a new covid variant found in soeuthern africa travel tank says the european union, singapore,

israeli ground flights from the region the uk's move to put six nations back on the red list is rushed and that it's seeking a reversal brent breaks below $80 a barrel amid new supply concerns. and from french fishermen threaten to block the channel and port in protest of uk fishing licenses the world health organization has called a special meeting today to discuss a new covid variant found in southern africa. the new strain has a number of de mutations and hasbeen only detected in small numbers. they're mornitoring it.

the uk has banned flights from six countries in south africa as a result of the strain the precautions were brought in from having the new variant hindering the recovery. >> the early indications we have of the variant is that it may be more transmissible than the delta variant and the vaccines that we currently have may be less effective against it. now, to be clear, we have not detected any of this new variant in the uk at this point in time. but we've always been clear that we will take action to protect the progress that we have made >> uk's transport secretary also echoed those sentiments telling our sister station sky it was a safety first approach. >> it's important to act immediately and in doing so you get to slow things down in terms of potential entry into the country. that gives us time for the scientists to work on sequencing

the genome which takes several weeks to do, so we can find out how significant a concern this variant is so it is a safety first approach, we've done that before with the variant from denmark and then able to relax it reasonably quickly i think there's a preference for doing that rather than waiting and seeing if it's too late. it's a sea of red across the markets. first up, at the start of trade we quickly plunged into the red. so far down 2.7% on the stoxx europe 600 and a pattern we've witnessed this week, fresh fears around the covid situation in europe already at the start of the week we did see a let up after that, but now the new fears around the variant has sent the markets reeling. it does strip away a lot of the gains we had for november.

t the it was -- it was a strong trading month. you can see the levels we've got on the boards, 7095. we travelled above 7,300 points on the ftse 100 at the beginning of the month and we've quickly given that back. we're below the 7,100 points but we are above the 7,000 the french market, it has been one of the best performers for november it is falling heavily today as a result so that hot air typically coming out of the better asset classes in the trades. the german stock market is falling 450 points so far. a lot of pain for the spanish market, in the red 3.7%. and the smi as we talk about the roll with big pharma, more defensive nature, it is more

resilient only down 2.6% compared to steeper losses elsewhere. it's a broad based selloff, some sectors very much seeing a s steeper selloff versus others. we saw a steep fall of 20% in iag, for instance, although that has clawed back to an extent but still down oil and gas, an incredible journey this month for the e sectors, talking about high levels of oil pricing that has triggered action from the u.s. and other nations to try to bring the price lower p. we have a huge story around what demand will look like for the rest of the year and next year and that has knocked the prices. this has been one of the standup rotation stories of late concerns investors may not be well positioned seeing a faster

liftoff into interest rates next year i did ask a guest before whether that silences the hawks and damages the faster exit story, and he did agree we have huge question marks around that banks as a result falling steeply at the top end you can see it is health care stocks investors have back in focus u.s. futures have been falling sharply all morning. a tricky session i think a lot of traders hoped to be with family and friends this year. and we have only half a session to play with so liquidity is going to be thin and traders will be dragged back in to try to trade around this today. the dow is down 788 points again we're talking about the banking story. what happens to the way investors are around that story and whether technology moves lower or north and whether we see resilience here because some of the pandemic winners in 2020

are on the nasdaq. that's the trade we're looking to today let's get into the situation on the ground as richard la salle joins us thank you for joining us, doctor what we're looking around a mutation, variant, concerns were some super mutant variant would hit, it wouldn't take about a decade to evolve, it would be much quicker and would impose public health again. what are we seeing out of the southern african variant, does it pose serious concerns for you? >> we're concerned enough about it locally, and that's why we flagged this to the world health organization and other bodies, to make people aware of this as you mentioned in your clip, this will be discussed at a meeting later today at the world health organization. i think we're concerned because of the pattern of the mutations we see in this variant

and what those mutations could do to the behavior of the virus. and we're concerned because we see it, again, this rapid rise in cases in one particular part of south africa at the moment but we're also seeing in neighboring countries who detected this variant in bats wanna. >> one concern is a variant will evade vaccines what does this variant look like at this stage? does it pose a threat to vaccinated populations >> i think what we've seen so far is that these vaccines hold up very well in protecting against severe disease and hospitalization and death with the different variants that have emerged so far and they remain the critical tool for that p. it remains to be seen whether this variant can evade some of the vaccine protection against

infection. but we hope that it still holds up well against a kind of severe disease and that it protects the most vulnerable. >> as we talk about the african continent, low rates of vaccination across some of the countries so how concerned are you about the vulnerable because of the variant >> deeply concerned. and this is, actually -- i mean, this is why we've been pushing this point over the last year, and why we've been getting angry about it, and why we're now even more angry about it, because this is what we have warned about, that if we leave, particularly africa behind, but other parts of the world as well if we leave them so far behind in the vaccination rollout gl globally, then unfortunately we are going to see the continued spread of the virus and the

continued evolution. and that posts risks and so, unfortunately we don't like it but we -- we're seeing now what -- play out what we've been warning about for several months >> doctor, we've had a lot of measures that have been rolled out in the past 12 months or so around border closures, lockdowns, restrictions, social distancing so far what we've seen, rapid response around border closures to some of the southern african countries and across europe as we deal with a fresh wave of infections, more restrictions are coming into force. is that the right approach as we don't know what we're dealing with >> we can argue about how effective these border closures are and travel restrictions are. but i think what upsets me most, last night and this morning, is seeing that's the kind of only

response from governments in the uk and now we see elsewhere across europe. and that their first response is not to offer support and solidarity with countries in this region. and to do everything they can to support us in the public health measures needed. and by that, i mean, particularly, now making a very clear effort to get vaccines to the parts of the world that don't have them. and that's what's, again, upsetting and makes us angry it's not the border closure itself, because we could see that that would come it's that that's the main focus that the ministers talk about and that they don't talk about what else they're going to do to support countries in africa. >> strong message there about the need for global opercoopera

at this point. but all along throughout the pandemic, scientists have been watching for variants. what is the concern this is not a variant unique to the southern african countries at this point, it may crop up somewhere else? >> i think to some extent we were again a bit surprised because a lot of the thinking was that the delta variant, because it had taken over globally that we were just then going to see kind of step wise evolution of the virus from the delta variant. and that that would again potentially be a gradual process. this is again reminded us that it's not as simple as that and this virus can make the evolutionary jumps and can appear very different from what we've seen before. and that's what, then, poses a risk to the immune protection

that we've built up either from infection or from vaccination. and so, it's just a reminder that we can predict many things with this virus, but it's going to continue to surprise us if we continue to let it spread and continue to leave large chunks of population unprotected with the vaccines >> doctor, thank you so much for joining us and sharing your expertise with us. dr. richard lesells. let's switch back to the european commission as the european president said the block is proposing to use its merge brick to halt air travel from the south african region. south africa's foreign minister

said they will engage with the british government, to try to persuade it to remove them from the list fifi, all along we've spoken about twin crises here, a health crisis and an economic one give us a sense on the ground today to the news. >> exactly you were talking about the rand and where we are also seeing the pain being felt by the ban from the uk and i think a few other countries now on travel from south africa is -- big hotel companies plunging over 13% on the news and this comes at a very critical time for our country, we're preparing for the festive season we know that travelers tend to visit south africa quite often at this time and therefore

dealing another blow to the tourism and travel industry that's still reeling in terms of what we are reporting on today, experts have been warning us for some time that south africa would be headed for a fourth wave around a december time. we have been seeing our cases steadily rising but what happened yesterday was a big jump in new cases that broke out of the pattern we've seen in recent weeks over 24,,400 new cases reportedn the day it was confirmed the new variant was here in south africa it started in botswana but since then numbers have been found in other areas. and it's expected to rise. we know health experts are analyzing hundreds of samples as we speak we spoke about the response of the south african government

saying the response to initiate the bans seemed rushed as even the world trade organization was yet to advice on next steps. i do know that south africa is ready to meet with the w.h.o. to discuss the national response. in previous cases, in previous covid-19 waves, we have seen them being greeted with new lockdowns, curfews and in some cases bans on alcohol sales. but it is not clear whether the government will respond in the same manner this time around, given the dire situation of the economy. in terms of vaccination, right now we are also seeing governments urging citizens to get vaccinated only 35% of adults, south africans here are fully vaccinated, which is short of the target of double that amount this year. it's very interesting that

earlier this week, south africa asked pfizer to block shipments of new vaccines given the fact we're sitting on stock piles and that's what's happening on the ground and we're monitoring what's happening especially the meeting today. >> you talk about 35% full vaccination versus close to 70 in europe and higher in some countries here right through this crisis we've seen various points where the health services have been overwhelmed. is that the case are we looking at a situation like that? or are they better prepared because they've been through much in recent months? >> we don't seem to have that line now but we'll thank fifi for that report coming up on the show we have plenty more on the market

reaction to the latest coronavirus mutation identified in southern africa we'll get more medical opinion on the risk it poses

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we are chasing a market selloff for you today on the back of concerns about a southern africa variant, the covid mutation concern has been a chief one for markets that in recent months have been coming just a little bit more optimistic about living with the virus and you've seen various trades go back on strength, the banking sector on the fact we had a faster exit on monetary policy much of this reversed in the trade today. the steepest falls are in the french market, italian stocks. and the ibex down close to 4%. a sharp selloff from the out set. also worth noting the selling today destroys the november

trading we've witnessed. already up early this week we started to get a wobble on concerns of the european health situation with covid now this variant concern still early days and what we know about it and whether it poses a full on threat to populations that have been vaccinated. it's causing a market selloff. we're seeing it, don't forget dollar has been king of late on the story that the u.s. could move faster with the taper and we could see an interest hike or a couple next year, three had been priced into the markets what we're seeing today, dollar is clawing back territory but just as you can see, versus the australian dollar .6 lower the australian dollar versus the u.s. dollar. but elsewhere the dollar is on the back foot. yen the safe haven is gaining.

but i think it's that narrowing of that yield story where investors are saying perhaps the fed will not be as hawkish, as bullish around the exit story as the market had been pricing in, that's put a bid back in the euro and sterling at this stage. despite market reaction to the variant, a trader is optimistic it could be kept under control. >> it is alarming what is emerging and south africa has been quick to give us this information so we need to follow-up in terms of our precautions we take here, including around travel. i think for our economies if there are further restrictions, should this escalate, which we hope it will not you probably will see some impacts. so obviously there are jitters about what might happen. i think we need to understand that perhaps we are better placed than we were when the first wave hit us this covid-19

where we were completely unprepared, we saw terrible things happen across the member states we have come a long way in terms of european action coordination, in terms of protective equipment and then development and rollout of vaccines. joining me is percy benton from the european center for disease prevention and control thank you for joining us i'm sure you have more information than we do how are you judging the threat from the southern african variant? >> we've been monitoring the situation closely based on the information that the south african authorities have been openly sharing in south africa it looks like this variant has a concerning set of mutations, especially in the spike protein, which is needed for transmission

properties, as well as the protection against the vaccines. so based on the genetic information, we are quite concerned about it however, the ep deem logical information we get over how much this particular variant is spreading in south africa right now is very uncertain and unclear at the moment and so we're monitoring it closely and we aim to have a threat assessment of this done by the end today to inform our member states and the european commission of our reading of the situation. >> percy, can we talk about the threat of a variant in context here because there had been hope that vaccinations would slow mutations and i gather scientists were thinking slowly over the course of a decade we may see some form of evolution in covid where it can get around the immune system but the black swan is a mutant variant that can manage to get through some

of the vaccines straight away. is that how you sum it up, that's the worst case scenario if the that's what we're dealing with here? >> that is -- you used very dramatic words in if your introduction there, but that is what we and the scientific community is concerned about these mutations that we see from limited number of samples in south africa appear to suggest that it may be evading previous immunity from previous infections as well as immunity provided by the vaccines, which are rolling out very rapidly in europe still as we speak but also evading potentially immunity provided by some of those new treatments that we are starting to see coming on line, the so called antibodies so there are a lot of concerns in there, based on the genetic profile of this virus, that the

south african authorities have been actively sharing. but we still have a lot more to learn about the situation in south africa and the efforts should be focused on not only south africa but countries in the southern regions and ensure they get a full picture of the virus, able to clamp down as much as possible on the transmission of the virus and protect the rest of us from any potential consequences. >> there are so many moving pieces when it comes to the european health situation in this stage you have some countries with strict measures like austria with the 20 day lockdown and you have more restrictions for winter so what does it mean as we deal with a variant like this is the population slightly more protected than if they were circling as per norrmal as we went into the pandemic.

>> i think it's important we separate the two concepts, the situation in europe is around the rapid transmission increases for the delta variant. which is the only -- practically the only variant circulating in europe the vaccines we have in europe and authorized by the medical authority are extremely efficient on protecting against severe disease, death and hospitalizations, and they remain to do that at very, very high levels. despite that with the current levels of vaccination and even in those countries with high levels of vaccination, the virus continues to circulate and cause pressures in the health care system partially because of those who have not been vaccinated and for those with a low level of vaccination, that's the majority of the cases. but also the breakthrough infections of vaccinated individuals, that's normally the

elderly, people with preexisting conditions so we see right now extreme pressures and increasing difficulty in the epidemiology in most eu countries and based on our 34molding we see we cannt avoid the nonpharmaceutical measures if we want to contain the transmission over the christmas period that's unfortunate for us here at the ecdc, the population of europe and many of us personally we just cannot give up yet we need to put all the efforts into containing the virus. >> you made a good point over the travel at christmas. i think many people hoped to return to homes and see family and friends. but we're talking about some form of border measures already in place, and europe is talking about an emergency break on

travel from the southern african region, would that be helpful to contain any outbreak and manage the health situation in europe >> the focus right now needs to be the immediate focus on the nonpharmaceutical measures so we're talking about physical distancing measures, personal protective measures like face masks. decreasing the size of larger indoor gatherings and so forth secondary, it's important t countries close those immunity gaps that doesn't give immediate effect it takes time to roll out the programs, for immunity to develop there. but thirdly, the -- we have recently in our rapid risk assessmentment on wednesday recommended that countries also look at the potential of using booster doses. so the third dose for a two vaccine series because we see

some preliminary evidence that that on top of increasing the little additional piece for protecting severity, it also seems to protect against transmission of this virus, which might be a hugely important piece of the puzzle as we go forward. measures like travel restrictions might have an effect, a very small effect in reducing the -- increasing the time of introduction for new variants like we see for south african situation right now, but they are very, very limited in their effectiveness and we do feel the focus needs to be on other areas right now. >> if we can try and look down the line if we are dealing with a variant that requires some tweaking of vaccines we know the big pharmaceutical companies told us it could take about six weeks to alter a vaccine but we need to add into the time frame a fresh approval process, d distribution and getting it

across various populations what time frame would we be talking about with bringing a new vaccine to the market? >> it's one question what time does it take to bring a vaccine to the markets as you call it, it's another question on how long time does it take to roll out the programs and have those vaccines used, administered, immunity in the population the current exercise we are in the middle of in europe, which we started at the last week of december 2020, has been the most rapid and extensive program we've had, i believe, in the history of disease controlling europe so within this ten months we have been able to -- 11.5 months now, we have been able to immunize almost 70% of the total population in europe which is an incredible achievement and i'm sure we can learn out of that for next round

and it can be faster than that, but we -- all of us are really praying and hoping that we don't need to go into that situation with this new south african variant. only the coming days and weeks will let us know. >> thank you for joining us today on a public health story we're going to squeeze in a quick break. but coming up the bundes bank, we'll inbrg you an interview with the german center vice president next

i'm karen tso. these are your headlines european stocks selloff and u.s. futures plunge as the world health organization called an emergency meeting over a new covid variant zifr r discovered in southern africa travel tank says the european union, singapore, israel and the uk ground flights from the

region south africa says the european's move to put six nations on the travel list is premature renewed demand concerns and fears of a rising surplus of oil in the first quarter has it down and delivery stocks offer gear as fear of new lockdowns returns. let's take a look at the u.s. markets don't forget the american trade has been on hold with thanksgiving no trade yesterday and only a half day of trade today for markets to react to these developments around the variant that is of concern for scientists and medical professionals. you can see the dow now traveling south by 830-odd

points indicating a sharp reversal in trade today. it's an interesting market because we've had optimistic trade of late around some form of a faster exit around monetary policy but this story today does prove bit of a set back for the trades you can see already banks in the european markets have been hard hit if that's an indication around technology whether the pandemic winners get scooped up again. one possible problem with that narrative is that we have had strong trade for a lot of those big u.s. silicon valley names so perhaps already a high level we have an event where people are pulling money out of markets then those technology names could be under pressure as well. it will be a complex market we'll watch later on today a quick look at the european markets today. we are traveling south a lot of movement. the cac was down 4% in france, trimming at the 3.7%

we are still proving more resilient than the first knee verdict trade. where we fell on the ftse and we picked up action, traveling close to the 7100 market it has relationshiped up the trade for november it was a strong trading period for this month for european markets. a lot of catch up mode, optimism about the profitability, super size demand story for some of the corporations even though they're dealing with inflation and supply chain bottlenecks this week is different, fresh covid concerns about the situation in europe and now this story out of the southern african region travel and leisure has been hard hit. it is trimming some of the initial positions, iag was down 20% at the first trade you can see we're down half that now.

still a vicious sell off taking place on those airlines. air france is down .5% 10% off easy jet ryanair down 8%. so it's a strong day of selling. carnival and the cruise ship business has been one of the hardest hit stocks in europe so a lot of go-to trades here for market participants revisiting what they used at the start of the play book oil i mentioned banks have been interesting, i think oil of late has been fascinating we've seen escalation in the price story around shortages, concerns we're seeing a pick up in demand that's not being fulfilled by opec plus and that caused the extraordinary move by u.s. president biden and cohort with other countries to step in and tap strategic petroleum reserves

but this questions the demand story into year end and the start of next year so we've fallen 5.5% coming off brent. so a lot of action here for the speculators, wti falling 6.8%, sharper fall than even brent elsewhere the president and ceo of aerospace manufacturer and bria has told me that increasing restrictions on the continent are curbing practices in the industry but not all regions are being affected >> actually, the situation in brazil is improving a lot, starting with brazil, right, we have more than 60% of the entire population vaccinated with two shots already. it's going fast as the vaccination system in brazil is really very, very efficient. we see a lot of progress on that we watch with some concerns the situation in europe, with some

countries, increasing the cases of contamination but i think the vaccination will help us a lot to manage the situation. and we see, in terms of transportation, we see -- i mean, it's increasing. people are starting to come back to normal lives and we'll manage the situation with the covid. >> as we talk about europe, is there still a link where airlines have a lack of certainty around the covid situation that they are reluctant to play those orders for the medium and long-term, is that still the link we're witnessing >> this is an issue because we see different countries with different resfrtrictions in eurp and this is delaying decisions for sure french fishermen have blocked a british cargo vessel from docking this morning. the first incident in a blockade

over complaints the uk is withholding fishing licenses with france's interior minister canceling a planned meeting with his uk counterpart after france was criticized by boris johnson on the issue a joint news conference was just finished in rome where a treaty was signed as they look to turn the page on several years of tense relations between france and italy. dragi said a french minister will attend the meeting once a quarter. bundesbank could lift to

prepandemic trends and warned that they could be exposed to a heating market i caught up with the president and asked about the interest rates and whether a move would be helpful in easing risks posed by excess liquidity. >> one common denominator of all of our forecasts that the increase in inflation we're seeing is going to be temporary. this is what all the forecasts are saying i think the differences are in terms of interpretation and policy needs the differences are to the elevated upside risks that we see for inflation going forward. so inflation rates will decline. the question is to what level and how persistent will this be? i think what monetary policy has to do is be prepared for all future contingencies and act accordingly, and what we can do

to support monetary policy when it comes to these decisions is make sure that the financial system is able to deal with policy changes >> coming up on the show black friday kicks off again but the shopping celebrations are dampened by supply chain disruptions and another wave of covid cases.

a quick look at some of the u.s. market action as we're setting up for the u.s. trade later on today it is a big day for markets don't forget as we contend with the variant out of the southern african region, we don't know what we're contending with at this point but scientists are concerned it poses a threat. and we have markets setting off as a result. 3.5% down on the french market at this point. the spanish market has been in a similar vain, percentage falls steep. matched against what is a bette out of the zurich market

the big gainers and losers on the market, a split picture. some of the old pandemic winners have come to the fore again. investors going back to remote working and delivery stocks have been soaring today but it's been a rough trading session for the travel and leisure space you can see carnival has been at the bottom of the boards airbus in the orders around space and aircraft and west field is fascinating the real estate shopping asset seeing that fall aggressively on fears of further restrictions. let's push on and take a look at comments out of germany. these comments from the health minister, but he does seem to be commenting on the existing concerns around the latest wave in germany

he said the coronavirus situation is dramatic, more serious than any time so far he said the wakeup call has not reached everyone in germany. this wave will spread amid germany he says contacts must be reduced and the variant found in south africa gives pause for concern. he says, just to repeat that, the varn found in south africa gives calls for concerns if measures aren't taken, then complete contact reductions could come into effect that's a line out of germany how they see the health crisis the annual shopping festival of black friday is here again. although many stores kicked off early, consumers may struggle to find what they want this year with chip and other shortage hampering production of gadgets.

supply chain issues are making it difficult for shipments to arrive on time in the united states black friday online sales have been rising for the past decade, exceeding $9 billion last year retail consulting industry lead joins us can i ask you first up around the latest developments with the pandemic we were meant to be talking about black friday but we now have a challenge facing us with the fresh variant how concerned are you with the resilience of the retailers? >> it is a major concern one of the problems is the supply chain issues. if we have this variant and if it does take hold, those are set to exacerbate really we could be resetting what happened 12, 18 months ago but on the other hand, you know,

they have really built out those online offers that really -- so the physical part of retail is less important than it was the time we had our first bit of this pandemic. at that point, you know, about 20% of retail was online we're now at 40%, right, and we know it can go up to 50 when we were in the middle of lockdown so it will definitely hit some retailers harder than others, like consumer electronic is about 60% online, closing about 50% online so they'll be concerned about the supply chain issues, a little less concerned maybe about getting to their customers. because that bit, they've done a really good job using technology to be able to engage their customers. >> let's talk about what happens in the united states and other developed markets in this stage because last year we saw a very disrupted pattern where we thought we were going out to the shops and we had to race out and get shopping down before

lockdown how does this year look because people have a little bit in savings do you think it's going to be a booming period for some of these retails compared to last year? >> yes, i do think so. we're expecting maybe about 8% up on last year. so surveys out that show 60% of adults in the uk will be buying something on black friday. i think the thing we have is we have employment isn't too bad. we also had record numbers of job switching so people are comfortable about their employability. and people are shopping early because they know about the supply chain issues. and they want discounts. they are expecting inflation, most consumers survey shows are expecting inflation of 4.4%. they've seen price rises, 77% of retailers have put prices up already. so for these reasons i think black friday is going to be more

important to consumers than it's been in any previous years >> we keep talking about the supply chain shortages and how some of the big retailers who don't have product have been punished and may see a cap on sales. but i did look at a lot of the sales in the last 24 hours and did feel an odd inventory has been brought into the mix. they seem to be more genuine discounts, what's the industry channel looking like we know some of the retailers did archive stock as they went into the pandemic. >> yes, they did and you're absolutely right. if you do look out there, you will find old stock out there. that's been around for a while and it's back to the supply chain issues the chip shortage, for example, ipads, the production of ipads is down 50% and that's from someone who's excellent at logistics as apple

that's because they want to shift the chips to the iphone 13, which is the bigger seller this christmas i think the ways to manage it are firstly to smooth out this period so a part of black friday is smoothing out the demand as well if we can pull demand forward we can smooth it out and the other thing is about controlling your range. and if you've got stock out there relevant to consumers, there will still be people out there who want to buy it, especially people looking for discounts and didn't buy it last year, because of the lockdown. >> thank you very much for joining us and have some fun out there with those discounts, retail industry leader let's come back to the market action. it was meant to be a quiet day today, but it's the opposite we are seeing a violent selling pattern taking place after a strong run for the markets and that's always the threat when you move aggressively to the

upside, which october, november has been locked in the markets and particularly the catch up in some indee i said sees. indee cease this concern about the variants in the southern african region is enough at this point. these u.s. markets will only be trading half a day, shedding 800 points in the early action before the open on the dow it could be a day of rotation around those names that have been bit up, technology the old pandemic winners we're watching that closely not to mention what plays out on any yield story from here. that is all for today's show thank you for joining us stay with the channel for market coverage today

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here is your top five at 5:00, stocks falling around the world. dow futures here down 800 points it is on concern that a new mutation of covid found in south africa may spread around the world. oil also down big. the w.h.o. calling a special meeting today to talk about the variant with worries it may be more resistant to the vaccines also happening, retail, traditionally today a big s shopping day but will people show up in p