tv Maria Bartiromos Wall Street FOX Business November 14, 2020 10:30am-11:00am EST
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cases. when we do get it there will be a point when covid is the thing in the past and the stock will fly. >> it's a good week to go to the gym. great ideas. give very much, check out this week's edition of barron's.com >> from the fox studios in new york city this is "maria bartiromo's wall street". maria: hello and happy weekend, welcome to the program that analyzes the week that was in position you for the week ahead. i maria bartiromo. thank you for joining us as we can, in a few moments a major breakthrough in the combating of the coronavirus, pfizer and biontech 90% efficacy rate of the covid vaccine. i will speak with the ceo of biotech and the man behind the number one free app right now on apple's app store, the ceo of parler, john mates.
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but first let's take a look back at the big moment this week with the top newsmakers with "mornings with maria" on the week stalkers. maria: what have you learned in terms of voter fraud. >> and employee dominion says about 4:00 o'clock in the morning, the morning after the election all of a sudden a large number of ballots appeared out of nowhere, not properly packaged and not looking like they came from an official place. maria: how do you feel of the. >> sientered serious allegations and you know in the united states we don't rush to judgment, maybe some people do. maria: are you expecting the president to concede anytime soon is he going to call joe biden anytime soon. >> that is not in our vocabulary we will pursue all the legal means. maria: save america it could
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allow over the gop should leave office? >> i think the president is the most popular person in the party, there is a follow-up this is 70% of republicans believe it was illegal and illegitimate. maria: what do you think about the pfizer biotech news. >> a lot of help for what is to come and i think it was president trump's action with the program, nobody else is talking about manufacturing during the research and providing the logistics at the same time. maria: the dow industrials up this week closing higher for a second week in a row getting a boost from the breaking news from pfizer and the biontech vaccine but there is still growing concern as we see a record number of covid cases across the country and new restrictions by several states to take control of the search, joining me now is capital management chief investment officer peter anderson, good to have you this week they stand for being here.
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this is one of the toughest markets in 20 years with the threat of new lockdowns, are we about to see a new selloff and a big hit for the economy likely sell in the spring? >> the reason for the observation as the lead in when you just gave your summary of the week statement, you can see there are so many wide elements that we all have to wrestle with in the convergence of all these things make it really challenging. that is to say that were not going to get through this part right now were at a conversion's point where the president concede, will the vaccines work, all wrapped up in the virus situation and plus the control of the senate. we have all these things together, i do think there is a possibility depending on how they play out we could see another selloff but we will get through it, i don't mean to sound alarming but we should be prepared for more volatility as these things play out.
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maria: meanwhile you are talking about the best performance that you have had in your fund, what is driving you and how are you allocating capital? >> i am staying away and i always have stayed away from the lockdowns stocks and i've also stayed away from the vaccine stocks. in other words i try to stay away from the two extremes because they're very hard to time in terms of when the lockdowns will be over, when the vaccines will be released. instead i look for themes and industries that i think will not only be durable but flourished no matter what the economy or what the market throws at us. for instance some of these things i've been very successful with of all things pet care, there is over 100 million pets in this country and we treat them equal to family members.
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so there is a theme you complain with that, one of the stocks is the medical insurance provider for pets that has doubled in price and recently as last may, there are two other stocks, i own in the portfolio with animal or pet writer of medication and gourmet food. this might sound tongue-in-cheek but it does play through all of the stormy weather we are having and continue to flourish no matter what happens in the marketplace. maria: i would say my little baby dusty is part of my family. i agree with that. she is a family member, peter. i will spend money on her. you are right about that. that is one thing people do, some of your stocks are up 50 - 100% since the spring, give us your themes in addition to the pet theme that you believe
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will sustain with or without covid in our lives. >> data security, we are all super worried about getting hacked you so when zoom became popular in the spring there were attacking situations there, companies like cyber ark are real work courses for data security, they are two of my top stock picks in that area. another area is data storage, we have to generate all of this material, has to be stored someplace so equal next is a data storage company and cell phone towers. all of these things sound obvious but a lot of investors are missing the point in trying to be too cute playing on the timing of the news items that we cannot predict day today what kind of breaking news is going to happen in any of those areas.
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maria: and that let me ask you about the latest conversation happening around stimulus nancy pelosi and chuck schumer going back to the drawing board and coming up with the $3.4 trillion deal that they want to sell to republicans is probably unlikely, mitch mcconnell has already said he doesn't want to go that high, what are your thoughts on the impact of a potential stimulus and should that happen in the next couple of weeks? >> i think it would be tremendous. what happened, the market when we saw the biden strength in the election, people jump to conclusions thinking that the senate will be dominated by republicans and it will be a little bit more tempered size of the stimulus plan. we don't know if that will be approved but if it were approved i think short term it will be a tremendous boost to the market and longer term we might have some problems with that.
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we still have to see how the senate is going to play out, there are still two seats in the calculus of that, we have to wait until january 5, i caution people and making bets on that until we get the facts. maria: absolutely, those are coming up january 5 in georgia, good to see you, thank you so much. >> you are welcome. maria: take good care peter anderson of anderson capital management. my one-on-one with the ceo by on tech ugur sahin is here on the company's breakthrough in the race to the covid-19 vaccine. stay with us.
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covid-19, they can ask the fda to permit wide uses of the vaccine as early as the end of this month. by on tech is seen shares sort of better than 600% since the close of the first day of trading last year. i spoke with the founder and ceo doctor ugur sahin of the amazing breakthrough. >> it has genetic information which does not have the concern information with the vaccine of the injection into the arm and the antibodies take up this and make the vaccine antigen which is a piece of the virus which is not infected.
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[inaudible] maria: by all accounts, this was incredible speed by which you have been able to roll this out, walk us through how significant that is, how is it possible that you are able to get this where it is today that you are looking for approval, emergency approval by the end of the month, have you ever seen anything like it in terms of the speed in which you have been able to do this? no this is an advanced history of development. we started the vaccine development and did january with news about ten months ago in germany with candidates in march we announced our patent ship
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with pfizer in the expended essentially to everyone that doesn't have time to lose but everyone kept calling us, we took germany and in the united states and we've had 3000 subject so far. maria: ugur sahin that me get your take on terms of reinfection is and what is taking place with the second wave, there are questions the analyst have such as what is the impact of the virus mutating on
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the disease and the vaccine efficacy and what about reinfection's, should we be worried about reinfection's and a potential second wave because were looking at the highest numbers on a daily basis here in the united states once again. >> infection seems to protect against the infection and most people seem to have six months of the infection, now at this point in an infected person. it means there's a good chance that the vaccine not only is protected but could protect from infection or being infected by
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significant time. it could protect us with the protocol and we learned that we need to after one year. it is now in understanding the vaccine could work. maria: that is extraordinary. what about the challenge of the distribution of this vaccine because it needs to be cold, i know the vaccine requires cold storage, refrigeration type mechanism, tell me about that and is it challenging to distribute such a vaccine that needs to be cold storage in developing countries. you have commitments to distribute this outside of the united states as well like in china, how does that impact distribution of the vaccine given that it needs to be refrigerated? >> it's extremely important that
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the control and the logistics don't change. we are cooperating with pfizer and it's one of the most experienced vaccines developers. pfizer has been through logistics. maria: it'll be distributed in the united states first? i know that you have commitments to developed countries x china and the china talks are ongoing but the united states will be first? >> the supply of the vaccine depends on a potential -- we are in communication with the fda in
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maria: welcome back, social media site parler surging in popularity, the twitter competitor is the number one free app on the apple and google app stores taking the top spot after the media called the election for joe biden when twittered censored the new york post story of hunter biden's business deals what his father was vice president in multiple flags on president trump and other treats many left twitter and went to parler saying they will not accept the censorship, i spoke with parler cofounder and ceo john meets. >> we are seeing massive amounts of user activity on the app, it is exploding and i think people are fed up with what's going on on twitter and facebook and these other places that are really cracking down and trying to interfere with what people are trying to talk about during this time. maria: we live in a free country and the fact that twitter was censoring the hunter biden story and centering president trump
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repeatedly i think was the straw that broke the camels back for a lot of people. i would not leave my followers on twitter flat-footed, i want them to make sure they understand where i'm going i'm a woman of my word and i'm not just going to leave them flat, 900,000 followers, i been dropping scoops on parler and i'm not going to be dropping any scoops on twitter anymore i will be promoting my guest and my shows but it is parler where you will find real stories and the things i am working on and my opinions on things, i been doing that consistently indexing a great reaction in my following on parler to move up, tell me some of the things that you are seeing and hearing from your users on parler in the way you approach business and how it's different than what you're seeing on social media generally. >> of course, your following is amazing and growing so fast on parler, it is amazing, what were
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seen people are trying to go somewhere where they have trust in a platform, i feel like they don't have trust anymore in these other places. what they're saying, we know we can speak freely, we know you guys believe in our right to free speech and our rights to basically say what we need to say and that is why there is a boots on the ground movement to transition to a new place for them to communicate with one another. maria: i think that's what all of us want to see, competition in the marketplace, you don't want to see the regulatory bite that comes with obstruction that you see on twitter, you want to see competition and that's what you provided with parler. i would implore president trump to leave twitter altogether, it does not matter if you have a gazillion followers on twitter if they are censoring you, you have nothing and that's the bottom line, do you ever face a
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question about censorship, do you ever face a situation where you say should i keep this year, let it go is it a questionable situation, should i be the arbiter of police and truth? >> there's a lot of situations where you had pressure put on you but you have to make a decision that is for the people, there is a lot of pressure that will come on during different situations in the best answer is always to go with the people and to allow everybody to say what they need to say. maria: my thanks to john matze, cofounder of parler. more wall street after this. ♪ when you're through with powering through, it's time for theraflu hot liquid medicine.
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>> with "maria bartiromo's wall street" fbm. >> what is fox business. maria: we had the honor of being in jeopardy thousand dollar question and a privilege of being a contestant on a celebrity jeopardy were legendary host alex trebek could not have been kinder to me. he died last week after a long battle with pancreatic cancer at the age of 80 years old. he will be missed, rest in peace. that is all for us in this week's show, thank you for joining us, tune into fox business every friday night at 9:00 p.m. eastern for another edition of wall street, i will see you on fox news for "sunday morning features" on the fox news channel my special guest former new york city mayor rudy giuliani, david perdue, jim jordan an attorney and author sitting powell, my special guest this weekend, catch the show live at 10:00 a.m. eastern on
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"sunday morning features". right here on fox business every weekday six to 9:00 a.m. eastern with mornings when the gloria on fox business. we hope you w y y y y y y y y yy with us every day, that is it for us to now, thank you for being with us, have a great rest of the weekend, i will see you again next time. ♪. gerry: welcome to the wall street journal at large, two huge stories dominated the news all year move closer to revolution this week but in both cases it seems we will have to navigate a lot of uncertainty and peril before we can put it behind us. on monday drawn giant pfizer announced the most important breakthrough in the battle against the coronavirus. the company said in successfully developed a
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