among our guests, follow me on twitter at lou dobbs, facebook and follow me on instagram and parler at "lou dobbs tonight". thank you for being with us we hope you have a great weekend and keep fighting. good nig >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend, everyone. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. thanks so much for joining us this weekend. coming up in just a few moments, big news on the vaccine front this week. pfizer and biontech seeking fda emergency authorization of their covid vaccine. health and human services secretary alex azar on this move forward. moderna touting its vaccine that's 95% effective and does not need to be kept in a subzero freezer. all that coming up.

plus, later on in the program, the head of pizza hut will tell us about business in a covid world today. a check on the restaurant industry. he'll reveal the company's latest menu expansion and the brand new product that has hold out in a matter of hours. but first, let's take a look back at some of the week's big movements in this e -- moments in this week's edition of the talkers. watch. tell us about your experience this morning on the pfizer drug. >> i had two doses in august, one in early august, one in late. minimal side effects, but i'm feeling great, and i'm feeling very confident. maria: how do we control health care costs? that's one of the most important issues, i agree with you. >> it's a critical issue, and neither party has a brilliant answer. it's the hardest issue, ironically given the 12 years of battle over the affordable care act, ironically, that was the easy part. maria: and what are you finding so far? what do you think went on here?

>> the core of the case, called the meat of the case, one that's common really in ten cities of which we're probably going to sue in at least eight or nine of them, is that they stopped republican watchers, inspectors, observers. maria: there are reports that the military seized servers in germany, and they were showing landslide votes for trump. >> i mean, number one, the constitution provides for this. the constitution is written so that if there are disputes, if there are uncertainties, there's a process to go through, and that's where we are. maria: markets torn this week between news of more covid restrictions and renewed hopes for vaccines and perhaps a stimulus deal. one prominent strategist, thomas lee, says get ready for a rally though. he's boosting his target for the s&p 500 to 3800 by the end of this year. joining me right now is rosecliff founder and managing

partner mike murphy. thanks very much for joining us this weekend. >> good morning, maria. it's great to be with you. maria: you also say new highs are coming, but the s&p 500 will surge more than 200 points in the next five weeks? you're looking for a really strong year end. >> i am. and, you know, maria, i think a lot of the market has been depressed by what's been going on with covid, you know? so we dropped heavily, and now we've recovered a lot from there. but i think the underlying fundamentals of the market support a much higher valuation than where we currently are. so i think year end you're going to see money coming off the sidelines, going into high quality names, and i think the upside is quite sizable from here. maria: so, mike, what about the news at the end of the week where we find that treasury secretary steven mnuchin wants to ensome of those lending -- end some of those lending programs that are tied to the federal reserve stimulus?

steven mnuchin seeking to pull the plug on most of the federal reserve's emergency credit facilities including the main street and the knew us in pallone programs -- municipal loan programs. what kind of an impact is that going to have if these programs go away by year end? >> maria, i don't think it's going to have too much of an impact, and that's why i'm still very bullish here. those programs were put in place earlier this year when we were in the middle of a pandemic and we didn't know where we were going, we didn't know how we were going to control it, if we could control it, how deep our recession would get and when or if we would come out of it. so now that we've gone down that road, we've recovered a lot, and we have vaccines that we're hearing great news on on a daily basis. i don't think it's necessary right now. so although top line it could spook some investors, i think overall the biden administration, if they do take office, are going to put their own treasury secretary in, they're going to have their own plan in plus. i think the fed's low interest

rates for a long time are a much bigger story and much more a boost for the markets than this emergency stimulus because i don't think the facts point that we need it right now. maria: yeah. and wall street is betting on roger ferguson, former or ceo of tia who i reported is wall street's big bet in terms of the incoming treasury e secretary. how do you think things change with an incoming biden administration? i know that this election is being contested by a sitting president, president trump says that there was major fraud in the election process. but let's say the biden administration does, in fact, win out here and we see a whole new team. what are you expecting in terms of the impact on markets and the economy? >> you know, i think from a starting point, maria, you're going to have a fed that's still accommodative, a fed that's going to keep rates lower for longer. so that's the starting point. but all hope a new treasury

secretary coming in is going to do as good a job as steve mnuchin did, he's going to be able to give us an idea of what the administration is thinking, give us a pro-business backdrop for the fed, you know, that the fed is there to support the economy, and a strong economy supports strong businesses which ultimately support strong stock prices. so as long as we get transparency from the new, if there's a new administration, new fed chief, as long as we get -- we have an idea of what they're thinking, because the market will not like surprises. if they just give up their playbook and stick to it, i think we're going to bed good. maria: we'll be watching. thank you, sir. the founder and managing partner of rosecliff, mike murphy. see you soon, mike, thank you. don't go anywhere, my one-on-one with the ceo of moderna is next on its amazing vaccine news. stay with us. we love the new apartment. the natural light is amazing. hardwood floors. there is a bit of a clogging problem.

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♪ maria:. big news in the race for a covid vaccine this week. pfizer and biontech announcing they are applying for emergency government approval for the coronavirus vaccine this week. it is shown to have a 95% efficacy rate. i spoke with health and human services secretary alex azar about the timing of the announcement. >> thanks to president trump, hope and help are on the way. tomorrow we're literally ten months from this plague hitting our shores, and today pfizer will be filing an emergency use authorization for a 99 5% effective -- 95% effective vaccine thanks to operation warp speed's support. now, what will happen is we will announce an finishing da advisory committee date, and assuming the data as clean as it appears and assuming there aren't any other hitches in the process, we can literally be looking at authorization of this vaccine within weeks.

and as the defense department and operation warp speed has said, we will have shipments within 24 hours of millions of doses of this vaccine out to the american people to get it to the most vulnerable of our citizens. maria: also news from moderna this week, its stock rallied on news that its vaccine is 94.5% effective. i spoke with the ceo, stephane bancel, about the company's breakthrough. >> the vaccine at this first phase, the real test of la see see bow control has shown 94.5% every cat su. but, maria, it's the fact that -- and all of these people were on placebo, meaning people with corona vaccine did not get any disease which is, or of course, a game-changer. maria: that is an incredible game-changer. it shows that signs of being

safe as well. can you tell me what you've learned from this trial and what happens next? >> yes. so safety is very similar to what we published in phase one study. you have some side effects that are lock at the site of unnext, a little pain, a little redness, some people have a little headache, a bit of fatigue. what's next is in the coming weeks we will finalize the study. it was 151 causes. today we announced 95 cases, and then we will -- to try to get a proposal. we have, of course, discussion all along with the fda, and in the coming weeks to file this and fda is cooperate to get the vaccine in the hands of people that need it, elderly, people at

high risk for working with cdc. maria: so that would be the priorities once you do have that wider use. what is your timetable, stephane, in terms of getting that wide or use for this vaccine? >> yeah. so the approval i think in december, and then i think also in q1, in the first quarter to have full approval where, you know, every american who wants a vaccine that is 18 years of age or above can get access to a vaccine we are very soon going to start a study in teenagers, and i'm hopeful that we might get the results with by the summer. so if a vaccine is proved to be effective and safe in children, that they could get vaccinated next summer so that they go back to school in september '21 in a normal life cycle. maria: that is phenomenal news,

stephane. let me ask you, were the people in the trial already sick? because i know that what we have here is news that this covid-19 vaccine can prevent getting sick, right? you can prevent it. >> exactly. it's a vaccine, maria. so you give it to healthy people. we test before the first dose to make sure they were not sick with covid. and what we waited for, that's what you do in vaccine testing, you wait for cases, wait for people to get the virus and get the disease, and and you can compare the people that get the vaccine against people with placebo. this was 30,000 people got the vaccine, 15,000 people get the placebo, and then we just waited. and there are so many cases in the country now this went very, very fast. last wednesday we announced instead of first analysis we ended up running 95 dayses. so our study is almost finished.

maria: what about the refrigeration part of this? it needs to be freezing cold, and that gives us a longer shfl life. tell me about the refrigeration and how that will work with the distribution. >> yes. one of the great news this morning, actually we learned on friday at the company which is the vaccine is supplied in a regular freezer, -20 to, you know, store your frozen food and your ice creams. those are widely available at pharmacies and distribution centers because they are fda-proved for that. that's required, -20 storage, so that's not a problem. we have, as of this morning, 30 days of study -- where you can talk the product out of freezer

in big distribution center, we're going to do distribution, and then you put it in the fridge, regular fridge like you store insulin at cvs or pharmacy or doctor. to that's a big, big change in some of the usability in a product we are very excited about. maria: my thanks to secretary maria: my thanks to secretary azar and stephane bancel.

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the new partnership and business today. >> the response all across the country, people are super excited about having a plant-based topping on a pizza they can just order from their home. and the response we've been getting is people don't realize like it's really not, you know, real animal protein, it's plant-based. the other day i ordered two pizzas, a one-topping sausage, a beyond sausage piece that for my wife, and she really couldn't tell the difference. it's super exciting to be the first pizza maker to come out with this, and the response across the country has been terrific. maria: that's incredible that you really couldn't tell the difference. let's talk about business today, kevin, because we've been talking a lot about the consumer. we had the retail sales numbers yesterday that were a little weaker than expected. what are you seeing in the third quarter versus what you saw in the second quarter? how do you characterize a business today in this recovery? >> it's really interesting because i'm in the restaurant

industry and, obviously, dine-in restaurants are having a challenging time right now. but restaurants that are available for carryout and delivery at a really fair pice for customers that are cash-strapped are really excited about coming to pizza hut. we've seen a resurgence in q3. our same-store sales were up 6% which is the best result in a long time, and we expect really great things ahead for pizza hut. maria: do you think we will get back or you will get back to sort of where you were at the peak in terms of 4% growth or so in '21, or is that a 202 the awe fair? -- 2022 affair? >> i can't really comment on future results. what i will tell you is this environment is really poised well for pizza as well as our chicken business. you know, people are looking for comforting meals to eat in the comfort and safe tiff of -- safety of their own home, and those that have drive-throughs, carryout, delivery, and now we have contactless curbside carryout on pizza hut, these are

the guys that are going to win. so we're very bullish about the future. obviously, when dine-in comes back in and people are mobile again, that could be layered growth on top of what we're seeing now. maria: yeah. we're putting an alert on the screen right now that says pfizer and biontech say that their covid-19 vaccine is actually 95% effective in the final analysis of the phase three trial. we also, of course, hard from moderna which is 94.5% efficacy rate. do these headlines change the level of foot traffic in your restaurants when you see this vaccine news resonating? because this is big news that we're seeing pfizer. first we thought it was 90% effective. now they're saying it's actually 95% effective in the final analysis. do headlines like that change the nature of business? >> well, it's obviously super encouraging because the sooner we can get back to normal, the

sooner we can get back to people coming in and dining in restaurants. we still have restaurants that don't have their dining rooms open or a very small fraction and, obviously, that affects jobs, employees and a whole host of other things. the faster we can get back to business as usual with vaccines that allow us to be mobile, the more exciting it's, obviously, going to be for the restaurant industry as well as, you know, industries at large. maria: how did you change things during this pandemic? i mean, did you see the need to have more scale? you know, the ppp program, we talked about it earlier from the government, a lot of companies were unable to stave off the loss of foot traffic, were unable to, you know, make it out of this. did you see any changes at pizza hut, or did you make any changes to try to overcome what has been a very tough period for the restaurant industry? >> yeah, absolutely. we were positioned to win just because we have a huge digital

business, all industries it's exploded in terms of e-commerce. we have carryout, we have delivery. what we did have to do is make sure that our employees were safe, our customers were safe, and then we created some new innovation es like we were the first to do contactless delivery that we learned from our china business, and then, obviously, we went and did contactless curbside. so you actually can order on your phone, go to a pizza hut, never leave your car, they'll put it in your trunk, and you don't have to have interaction with a team member. obviously, that's safer for the employee and, obviously, for the guest. so we made several pivots to make sure we have the safe few e of our employees and our customers in mind, and i think that's why we've been rewarded with more business. maria: yeah. i guess you've got loyalists who have watched you and how you've handled this. now the exclusive reveal, you've got a brand new product from pizza hut, tell us about this holiday season cozy e accessory, kevin. >> yeah. you know, this is just a little

bit of fun. so what we found during the pandemic, and we've done some promotion on it. it's our 40th anniversary of our pan pizza, the original pan crust that delivers amazing wellly, stays super hot, and because they have a little bit more money, they're like, hey, why don't we do this amazing thing, this super luxury gravity market that weighs 15 pounds, people are really getting more relaxes sayings. it's, obviously, the blanket -- [laughter] to reduce stress. so we said why don't we combine the comfort of our original pan pizza with one of these gravity blankets. belief it or not, i would not be surprised that you'll see themmen ebay for a whole lot more. maria: that 150 pizza blanket did sell out in a mart of hours. my thanks to kevin huffman. don't go anywhere, more "wall street" right after this. ♪

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maria: welcome back. join us next friday on the program, we've got a big show next week. former home depot ceo bob nardelli to talk about business today and the ceo of ledbury, my special guest to talk about retail as we head into the holidays. see you on sunday morning over on the fox news channel for "sunday morning futures." georgia senator kelly loeffler, house minority leader kevin mccarthy and congressman devin nuñes, all my special guests this sunday, 10 a.m. eastern, live on fox news. plus start smart ever weekday,

weekdays 6-9 a.m. eastern for "mornings with maria with" on fx business. start your day with us every week day. that'll do it for us today. thanks for being with me this weekend. have a wonderful thanksgiving, everyone, and i'll see youn.n.n. ♪ ♪ gerry: welcome "the wall street journal at large." with, whenever the standoff over the presidential election ends, the man who's unaugust rated is going to face a unique set of challenges. there is, of course, the immediate issue of the coronavirus. between now and the new president taking office, it looks, unfortunately, as though the virus will have claimed many more lives and spread further across the country. that'll probably also mean more economic pain as states impose new restrictions on our daily lives. a vaccine, we know, is on the way, but it'll probably be