speed through up against the closing bell, i will put all your stuff on liz claman, andrew graham of jackson square capital. it is great to have you and if you are a bull even better, gain of 333 points for the dow, it is a record for the russell 2000. that will do it for "the claman countdown". it's time for "after the bell". connell: 343 and other major pharmaceutical companies promising developments on the covid-19 vaccine. stocks have been on the rise all day long, a strong close after astrazeneca revealed its vaccine is up to 90% effective joining the ranks of pfizer and moderna, we close up by 330 points on the dow, i'm connell mcshane welcomed "after the bell" on a monday. it is time for the news happening at this hour. fox business team coverage, blake burman at the white house, hillary vaughn wilmington, delaware with announcements coming out of the

president-elect today which we will get to, jeff flock at the airport, talking to travelers who were warned not to travel. gerri willis with the busiest shopping day of the year, let's start at the white house with encouraging vaccine news. >> astrazeneca the third major pharmaceutical company in recent weeks that the covid-19 vaccin e candidate, one of the ways you can describe, 70% effective but you've got to go into the breakdown to look at how all of this works. astrazeneca says when the first dose is given in full and another dose given after that a month later is about 62% effective. when a half dose was first given followed by the month later, the ethic as he jumped up to 90%. those behind the vaccine say they could potentially vaccinate more people faster. >> i think it's very promising the half in the full dose

regulate and we can vaccinate at least for the first dose many more people around the world. >> else were the top scientists on operation warp speed doctor said he believes it could hit the marketplace either december 11 or december 12. that is within the timeline because the fda is set to meet about that vaccine candidate on december 10. connell: that is all good, speaking of timelines, anything on the transition were still where we were -- are, still stalled and democrats have had enough because democrats in washington have called on the gsa minister emily murphy to testify t before the business of tomorrow. did enough of the stalled transition. they say every additional data that is wasted is the day that the safety, health and

well-being of the american people is imperiled as the incoming biden harrison administration is blocked from fully preparing from the coronavirus pandemic. the dire economic crisis and our national security. while you have democrats saying it is not just them as a result of a steady stream of industry representatives and republicans in the recent days saying the transition needs to happen and happen soon. connell: senator rob portman, and others, thank you, blake burman on the north lawn. let's get to the vaccine news and getting the vaccines where they're needed most. brandon daniels joins us from global markets. maybe a quick word as we start we will talk about the logistical challenges about the transition from one president to another and the challenges that might pose. do you think there will be issues, we have so much encouraging news with the three vaccines. >> the news is encouraging and

it is not a miracle that we plan to be so, it's a miracle that the results are this good but when speaking about the transition, the amount of infrastructure that we set up for things that coronavirus testing where you have mobile units, pharmacies, essentially urgent care facilities that have been set up to reach populations that would otherwise be difficult to reach in a public health crisis like this, the transition is largely afforded or largely balanced by the current infrastructure the existing infrastructure that has been set up by the department of defense, dhs, hhs, the inner agency groups can really be utilized as we move into the

vaccine distribution phases. you have seen that in the comments made by the ceo of cvs, by the leadership and operation warp speed and i believe that will be the bedrock of the transition plan and also the bedrock of our capability to continue the good work the operation warp speed has already done. connell: let's talk about that a little bit, it sounds like you think written a pretty good position and were set up pretty well largely because of operation warp speed. next things we should watch for are what? the whole idea is to get the vaccine or vaccines where they are most needed, that starts with healthcare workers, how do you think it'll play out over the next few weeks and months? >> the interesting thing, each of the vaccines have benefits you can leverage and different

aspects of the vaccine that require different logistics. what you may see, for instance the pfizer vaccine which requires a different degree of inherent logistics to be distributed by large healthcare centers, you might see that in a greater quantity in hospitals, and a state run healthcare center that has set up to distribute the vaccine to largely populated areas, then you might see things like the logistics around my moderna allowing for longer shelf lives and therefore companies like cvs and other pharmacy companies being able to distribute those vaccines because they have the infrastructure to do so and when you see the global expansion on the vaccine you might see a vaccine like astrazeneca coming

into play where they have larger international production facilities that can potentially reach billions of doses. connell: final thing here, a timetable which is something of a gas but are you comfortable with saying all of us that want to be vaccinated will be able to do so by the spring, april of next year, is it a little further out than that? how do you see that knowing what you know. >> i think the at risk population should be helpful that they will be vaccinated by the spring, mid to late spring, i think the general population reaching the herd immunity.is more looking like the summer but with that i want to add in one caveat. the at risk population is who were trying to reach, what these

vaccines across the board have shown is the most severe cases were prevented by all of them, not just that you reduced infection or symptomatic cases but that you reduce hospitalizations in severe cases which are what put the most severe strain on our economy. connell: we see that in so many parts of the country now that we see the light at the end of the tunnel that you and i are talking about. we appreciate it, brandon daniels with us today, big news from the biden transition headquarters in wilmington, delaware, we have new reports this afternoon with the former fed chair janet yellen is a next pick to be the treasury secretary which comes on a day when mr. biden met a number of his national security choices, hillary vaughn joins us with the very latest. >> president-elect biden cabinet

is filling up with familiar faces, a lot of people that are former obama administration alumni being appointed to top post in biden's cabinet, biden's pick for secretary of state anthony lincoln served as second as deputy secretary under the obama biden administration, the pick for homeland security allie hondo, and obama alum and took the lead over implementing daca he is the first latino and immigrant to be nominated into the job at dhs, and the first woman of director of national intelligence she worked as cia director under obama the u.s. ambassador to the un, linda thomas greenfield coming out of retirement to take this appointment, biden's national security advisor will be jake sullivan who served as hillary clinton deputy chief of staff and he was also a key negotiator of the iran nuclear deal, some

progresses or underwhelm with president-elect biden's pick for the national security team but thrilled with biden's decision to add a brand-new position to the national security council focused on climate for the first time in history the nsc will have a special presidential envoy for climate filling the role secretary of state john kerry, he met with mayors across the u.s. saying this is not a one up meeting from all of them he is there to get information on what they need to handle a spike in covid cases nationwide. on his way and he explained why he announced his foreign-policy pick for his cabinet first. [inaudible question] >> are you kidding me. [inaudible question] >> because his national securi security. >> the wall street journal report that janet yellen will be

the treasury secretary, were working to confirm but if that is biden's pick and would make history because it's something he wanted to do it's been filled by white men for the past over two centuries. janet yellen's appointment to treasury secretary would make history as the first woman to do the job. connell: the former fed chair and a lot of names and you went through the mall for all the positions. i think a few policy ideas snuck their way and from the transition team as well. connell: that is right. >> there's a lot of attention on guns for biden's plan, we look for gun safety and a part of that includes a tax on semi automatic rifles, a $200 tax biden is giving gun owners who have these rifles to options, you need to give the gun to the government or you need to register it in order to register to $200 fee, a lot of people are looking at this as a gun tax

because if you have more than one, you have to pay $200 for each one to register. connell: a gun tax, more on janet yellen later on the show, ignoring the warnings, travelers are still hitting the skies ahead of the holidays despite the health official sounding the alarm, we are live from o'hare airport out of chicago with more. plus potential pay cuts a new hurdle for silicon valley workers who relocate for remote work. and then hitting the road to an electric future taking aim at tesla, we are talking about a new mustang that is all electric. later on on the hour. . wow! what'd you get, ryan? it's customized home insurance from liberty mutual! what does it do bud? it customizes our home insurance

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work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrainer.com now. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. connell: we have a record number of covid-19 cases around the country and a warning from the cdc but the tsa says more than 3 million passengers pass through security checkpoints between friday and sunday, the busiest week and we have had for air travel since march, jeff flock live from o'hare in chicago. >> this is the way the cdc would like it to look over the thanksgiving holiday this is a monday and typically a slow day

but nobody at the tsa checkpoi checkpoint, as your report, the weekend, take a look at the numbers, all-time record, and all-time pandemic record set on sunday with 1,047,000 folks that went through the tsa checkpoint, a regular day would be 2 million. the cdc says, they are recommending against travel during thanksgiving. one of your family members could end up being hospitalized and severely ill and died. that is pretty dire but passengers we talk to in places like los angeles, new york, chicago say they're going to travel anyway and take precautions. >> it feels cleaner here than it does at the store anything like that. >> it's the safest place right now, their strict on their covid procedures and it's time to get

away. >> it's been one and a half years i haven't seen her or her family and were taking precautions. >> you gotta live your life, folks in new york, but look up new york close and personal, the air travel will be done over the holiday, places like london, boston, chicago, l.a. from new york all weighed down. there are places where they will be more travelers this thanksgiving holiday than there were last year, that is the vacation destination like food tpuntoconnor in cancún in nantut and myrtle beach people are still traveling but maybe on their own but maybe their own family pod to a place that is sunnier and take your mind off this mess. connell: it is interesting, when

you travel -- i traveled a decent amount, not as much as you since the started but at a day like this you can see the floor so clean, you feel pretty safe when the airports start to get a little crowded then you don't feel as safe, i don't know what people are telling you but that's how i usually feel about it. >> most people say it's across benefit analysis. they really feel like -- i haven't seen my daughter who lives in poland in a year, we will see her at christmas, i don't feel totally safe but maybe worth the trade-off that you make, i think that's a decision people all across the country are making out. connell: it is tough, it's been more crowded recently. will let you get back to cleaning the floors, jeff flock at o'hare. a creative weight to travel through the holiday season, workers transforming the national park in washington, d.c. into a super covid-19

testing site. edward lawrence is there and joins us live. >> are not playing baseball, why not, they had a huge facility and open two hours ago and the line has been huge, were talking about two city blocks, an hour to get to the area, people are going inside the garage and up around to the second floor inside. that is where they're getting their testing done, this as d.c. is going into a lockdown, greater lockdown the mayor same 25% capacity at restaurants and no gatherings, no more than ten people, a number of these people in line at nationals park said they would like to go with thanksgiving with their families feeling confident ahead of the d.c. covid response says others are here because the number of cases are up and they are concerned. >> some folks are doing that, some folks are following the

mayor's guideline is first travel and that's really why we have it set up for those that travel and come back or come here to travel to have the ability to do that. not our recommendation on a public health side for the way to do things but we want to ensure testing is available for folks so they can get tested. >> there is similar long lines around the country, this is dallas and stadiums have become a favorite place, dodger stadium was packed, the rise in cases means arising testing going on, nationals park behind me becomes the latest super site for testing of the coronavirus, the test going on behind me are actually free. connell: are the rapid test or you have to wait a few days for the results? >> right here they do not have the rapid test they're using the pcr, the ones that go to the labs, it takes about 3 - 5 days is what they're telling people

but as the demand grows for more testing it pushes the days out, the head of d.c. covid response says about 4.6 days for turning around test, they are using the rapid response test for schools in the district but at the massive site this is the test they will e-mail the result in about 3 - 5 days. connell: it is important info to no especially for people trying to get tested before thanksgiving which is the case for many people. edward lawrence there, nationals park washington, d.c., creative use of the park. a 55-year-old tradition that continues, the first lady melania trump welcoming the white house christmas tree, 18 and a half feet tall, this is from dan and brian's trees, and west virginia. we'll be right back. ♪ to support a strong immune system,

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connell: we know tech employees about to say goodbye to silicon valley and some had to say goodbye to their big salaries as part of the process, big tech cutting paper remote workers is part of the pay localization policy now in place in fox claudia cowan is in san francisco with more. >> from the world's tech center some moving out rc their paychecks take a hit. cloud computing soccer vmware among those paying their staffers if they leave silicon valley. >> we adjust lin pay with our competitors and industry practices with labor in any given market. marketing firm traction has closed the san francisco office entirely and because the pay relocation policy and employee benefit. >> our goal is to make sure that all of our employees are paid at a level that allows them to

maintain a great lifestyle. that is commence reading with the market, this is not just the pay reduction is a pay adjustment policy. it allows us to have an american workforce notches the san francisco workforce. >> cutting people salary to where they live is a flood of tech workers leave the bay area for more space and more affordable cities. those who track salary trends say the pay cut reflex more the cost of living adjustment. >> your productivity might be different because of the soft aspects of work like networking, proximity to customers, all the soft informal things that go into making a job what it is and what people earn will be affected by where people locate. >> according to employment website glassdoor workers could see a 20%, or more if they move from san jose to denver or san francisco to portland.

>> many looking to move the choice comes down to a better quality of life for the dollar amount they come to expect to see on their paycheck, that helps explain why pay relocation has become a bargaining issue as the pandemic continues to shake up the traditional 9 - 5. back to you. connell: thank you, a black friday revamp, instead of a single day growing number of retailers are turning to an entire week of sales as a result of the pandemic, later on in the hour the best shopping deals out there right now and then a reversing course after a careless response to the pandemic the country famously avoided a lockdown but the prime minister has come out and issued a new plea as a number of covid-19 related deaths and infections have been surging in sweden prime minister urging citizens to do more to fight the virus saying the danger will increase in the months ahead. a change in course in sweden.

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connell: fox news can confirm janet yellen will be the pick as president-elect joe biden's treasury secretary nominee, dan henninger joins us from the wall street journal and a fox contributor as well, it is interesting, big part would be the first woman treasury secretary if confirmed, the

politics seem to be that the president-elect is trying to please progressives and moderate in the coalition at least that is what were told, what you take away from the pick is. >> i don't know that the progressives are getting much out of the selections not just janet yellen but some of the others are getting diversity, i think there's something deeper going on, it's been reported janet yellen, anthony lincoln, possibly michelle at the fence, it's been reported many of them worked at the obama administration, joe biden the age of 78 understands that he wants to be surrounded by people who are familiar to him and more than that who are going to be loyal to his presidency, i think there's a sense inside the biden administration, biden circles that they cannot fully trust the

progressives, the progressives have agenda and policy set of their own and they would be willing to abandon joe biden if necessary to pursue those goals, people like janet yellen and anthony lincoln, i think biden feels he can trust them implicitly going forward. connell: that's interesting, the loyalty part of it. some other stories we want to hit you on, number one coming out of michigan, the state canvassing board has voted 3 - 1 to certify the results see the political report is a republican canvasser, everybody is looking at who is voting to certify and that potentially means joe biden wins michigan, the question is is it finally time and officially time to start an official presidential transition, gsa, the funds and all the rest. >> i think president trump is going to resist that as long as he can but things are falling in

place, to overturn the election, he would not only half to reverse michigan, he would have to reverse three states to get efficient electoral votes to turn the election around, were taken by michigan, pennsylvania, georgia and especially michigan and pennsylvania where tens of thousands of votes behind and as these challenges fall by the wayside, the president has been left in a difficult spot where there's nowhere else to go to try to reverse the election and in some point and accommodation will have to be made with the reality that joe biden is no doubt president-elect of the united states. connell: hearing that from republicans and business leaders and the like, i believe it's 3 a certification vote, stay with us, one more story that is a

bigger picture with the business is taking a bigger hit, not all states are now approaching lockdown the same way, ashley webster has been looking into this from orlando florida, he has the details. >> back on september the 25th, ron desantis lifted all covid-19 restrictions saying that every business has the right to operate and he says there will be no limitations. in that sense the economy and florida is far more open than others across the country but it does not mean the struggle is over, let's take a look at the jobless rates from states that are more open to states that are in more lockdown if you look at the state of florida in october the unemployment rate 6.4% and in texas another economy 6.9%

but then you take a look at the other side, california 9.3%, new york at 9.6%, much higher than that nationwide 6.9%, here in florida the businesses are seeing more hours open but that does not mean to say there are more customers to come in and take advantage of that, many of the people i spoke to in central florida say it is better but has a long way to go and i spoke with business owners who own a bar and live music venues and he's been closed down for seven months and if he does not get financial help soon, he and his industry took the business for good. >> 90% of us will go out of business, there is no way to dig out of a hole like that without the support. there is some people lucky enough to get state funding and i'm still trying to do that in florida but we need the federal funding to get out of it. >> we have seen more encouraging news out of the airports as we sell this past weekend a lot more people flying for the holiday and a tourism destination like here in orlando, that is good news but i

have to tell you it's a long way back from where it was before the pandemic. connell: a long way indeed. thank you. a quick thought on the red blue divide between how the governors are handling it in the economic consequences of that until we get a vaccine in a few months. >> it is fascinating there is a red blue divide. i think a lot of the democratic politicians are afraid and thinking about their legacy how history will judge them and they're afraid history will blame them from death from covid and coronavirus but they don't think history will blame them for small business bankruptcies or school years lost or psychological depression so they are opting on the side of doing these lockdowns to avoid death at any cost, i will tell you i have to give credit to run desantis in florida or governor greg abbott in texas who are trying to strike a balance

between mortality and morbidity on the one hand and the need for economic survival on the other as the bar restaurant owner was reporting out of florida, these people are facing economic ruin and trying to get to the coronavirus over the next six or so months until the vaccine comes online and release them from the pain that they have been in but the fact is by and large republican governors who have been striking this balance in the democratic governors who have decided to air on the side of letting people go bankrupt over the next six months. >> even when you try to strike a balance economically it would be difficult anyway because people don't want to come out even when you are open. thank you, great analysis from dan henninger, much lighter note, moving onto christmas time, even for the dogs the pet food company tales.com release in the world's first christmas

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and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. connell: black friday week is kicking off more stores promoting early deals trying to luring customers going out shopping with the pandemic let's go to gerri willis for more on all of this. >> that is right, you can count holiday shopping one more tradition, the covid-19 pandemic is transforming, 57% of consumers say they are anxious about shopping in stores because of the pandemic and that's according to a poll released by deloitte which serves 1200 adults with their shopping plans between october 9 and november 2. that number back in september was 51%, seeing the handwriting on the wall major retailers like

macy's, walmart and target have early black friday style deals well in advance of black friday hoping to snag their fair share osales in crowded stores. as a result since i have been conducting the survey, more consumers, 61% plan to shop online on black friday than in stores just 54% this is health officials discourage americans from traveling for thanksgiving. it looks like there will be no overnighting in stores or parking lot waiting for the door buster deals, we will have to do it on the couch, it all ends up there. >> the pandemic, we talk about this all the time speeds along things but in online shopping is another example. gerri willis, turning crisis into new opportunity, the pandemic has wreaked havoc on

live entertainment and performing arts, new york is finding creative ways to stay in business and stay in touch with audience were joined by melissa from the prospect theater managing director there to talk about this. thank you for melissa for coming on, we talk about this all the time i think you're a nonprofit but the same idea that don't just accept what the world has dealt, they try to make it work and come up with something creative and you guys did that, tell us i think the best comparison from what i can gather you guys are almost like the nba when they put the players in a bubble in orlando, you did something similar, tell us about it. >> they stand for having me so much, what we decided we are going to do is try to continue to create new works of musical theater except will do it in a different way, there is a mini bubble where we brought in a very small technical crew and a

small artistic crew, we were able to partner with a long standing goodwill theater in johnson city new york to bring people to johnson city and to create the musical theater films you tape them and people can watch them on youtube how does that process work out because you think you have to test people a lot. how does the work. >> a lot of testing involved, following guidelines from new york state and the union for the performers which had extensive but well maintained or outlined guidelines to have people tested and lots of ppe and requirements for people to basically stay fairly isolated and within the pod that we were creating they

were requirements to segregate parts of the filming locations and would not filming the for underperformers were masks and other ppp all the time. connell: and you were able to control the virus? >> nobody tested positive and we've been able to release all those films that we filmed in bingen tim and we have a few more in the pipeline we will be releasing in december. connell: how about the actors, it's obvious he different from what they're used to but it's great to have some work i am sure after they've been out of work so long. what did they think about doing things this way? >> everybody was really excited to get back to work because particularly because of the pandemic, particularly in new

york, the industry has absolutely gone away and folks were both excited to have an opportunity to go to work but also my other colleagues they felt really safe and the precautions we put in place, the plans we put in place were ones gutfeld reasonable, they felt ways to move forward and to work safely, particular when you're talking about actors who did have to work without masks some of the time, the cautions of a dual testing system and they felt like those cautions really help them to bring their best work forward in the new way for us as a theater company to be creating recording product that was going to try to approximate

what a live theatrical presentation is going to be. connell: it looks like you did a good job and you came close to doing so so people can go on youtube and check out the shows that i know that you will love to be back full-time in person whenever we can get that figured out in getting this vaccine back together. nice meeting you and great story and making things work in tough times. were going to talk about ford taking his first crack of tesla's mass of shared the electric vehicle market. grady trimble taken for a ride today, tell us was coming up grady's. >> this is not your father's mustang, this is an all electric mustang mach and what is next, will show you how to drive it and will take you for a spin ourselves and tell you what iconic brands board is electrifying. that is coming up.

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connell: all right. it's just in time for the holidays, this all-electric ford mustang hits showrooms at the end of the year. and that means dwrawdty african-american bl -- grady trimble has himself a pretty good assignment. tell us about it, grady. >> reporter: this is detroit's answer to tesla, that's how one of ford's engineers put it to me today. this is the mustang mach e all-electric, only the second all-electric vehicle ford has

ever made and really the first designed to take a crack at tesla which, of course, is the giant right now. ford is hoping that the price point is good compared to other evs on the market. this one you can get for about $35,000 for the base model if you factor in the government tax credit that you can get which is about $7500. and they're also banking on the mustang brand luring in customers, maybe people who haven't driven a ford in a while or ever would turn to ford because they know mustang. this is not the only iconic brand that ford is going electric with. they're also coming out in 2022 with an electric f-150 truck. that is the top selling truck in the country, and they're hoping that it is as popular as it is in gas in electric. as i come around the bend here, of course, there's a lot of investment in electric right

now. 11.5 billion, is what ford is investing. general motors is investing $27 billion over the next several years, and they're coming out with 20 electric vehicles by 2025 in the u.s. market, 30 across the entire planet. and some of theirs include, of course, the electric hummer that they're coming out with not too long from now and the cadillacly rubbing. but what -- lyric. but what ford really counting on is the price point. it's certainly a luxury e suv. when you think of a mustang, you don't think of an suv, but that's what this is. it's completely redesignedded from inside out. it has a 15.5-inch touch screen, all sorts of functionality in this vehicle that is pretty imfrom press i have, i must say -- impressoff, i must say. and like you say, connell, not a bad assignment. it'll be rolling out to

dealerships right now, and you can snatch one up presidentially by the end of the week, but certainly by the end of this year,. connell: connell i don't think you've hit any of the cones yet, which is quite impress youive. eyes on the road. [laughter] very nice, that turn. a couple things just real quick before we withdrawn. number one, doesn't look like a mustang. i guess they wanted to put the name on it, right? so that's kind of interesting. and i'm sure it doesn't sound like a mustang, although can you turn on the engine, so to speak, and make it -- >> reporter: actually, they're require ared to add engine noise for people who might be blind or hard of hearing, so you won't hear anything in this vehicle if they didn't add that engine noise. so they've added that and, yeah, you're right, it doesn't look like a classic mustang, but it's an suv. it's pretty functional. so that aspect of it is attractive. connell: all right.

well done, grady. there he is, eyes on the road all the way around. a little bit to the right. [laughter] thanks for joining us, everybody, as grady has a little bit of fun qualify after the bell." i'm connell mcshane, and we'll see you back here tomorrow. have a great night, everybody. hub. ♪ lou: good evening, everybody. another major breakthrough today in the fight to wipe out the china virus. u.k. drugmaker astrazeneca and the university of oxford announcing their vaccine up to 90% effective in preventing the virus. the astrazeneca/are oxford vaccine becomes the third candidate with at least 90% efficacy announced since election day. the other two from moderna and pfizer-biontech. with three highly effective vaccines now, president trump is making good on his promise to eradicat