more repairs. >> infrastructure project goes to plug the potholes i will be lucky. those are great ideas. to check out more look at this week's addition@barron's.com don't forget to follow u ♪ ♪ >> from the fox studio in new york city, this is "maria bartiromo wall street". maria: happy weekend all, welcome to the program that analyzes the week that was in helps position you for the week ahead, i am maria bartiromo, distribution of the johnson & johnson vaccine on pause as the cdc panel looked into whether the drug is linked to a handful of cases of unusual blood clotting, this as pfizer said we will likely need a third dose of a vaccine within a year coming up in a fox business exclusive the ceo of moderna is here, he will react to all of this, all

also ask him about moderna booster shot in development right now, everything you need to know coming up. let's look back at the week's big moments with top newsmakers on "mornings with maria" in this edition of this week's talkers. ♪. maria: congrats on the news, tell me about your platform for new york governor. >> we have to save our state people are fleeing because of high taxes and higher cost of living eroded public safety, rising violence. maria: you visited the border this past weekend, give us your first-hand view point. >> first of all i was expecting to see a crisis and what i saw was a disaster, it's overwhelming to say the least. maria: should the president come out and correct the record, correct what he said. >> he is not going to, they're not lying randomly, they are lying for a purpose, they want to redesign america and reshape the power structure and using

the way the government to co-hers the ceo's. maria: the bad boys the minimum black, moving the latest blockbuster and that is the patient out of the state in protest over the new voting laws. >> anything that they disagree with, you will be blacklisted in your job will be on the line, that is very dangerous. maria: the ccp to prove that it did not escape from the lab. >> the virus escape from the lab in china, there is damages that need to be collected is. maria: meanwhile the week for market the dow industrial crossing 34000 for the very first time at the close we sell new records for the blue chips and s&p 500 this week, strong earnings from the major banks and positive economic news driving the market higher up full on melt up, joining me a research president and chief investment strategist, it is

great to see you this weekend, thank you for being here. give us your take on the earnings season so far, what can we expect for the first quarter reporting season. >> i think it's going very well the financials certainly have piled up a lot of provision for loan losses, the only problem is there is no problems they've been anywhere near what they into the patent so they have plenty of provisions that they can basically boost their earnings with and that's what we will see during all four quarters of the current year, a matter of fact all four quarters are going to be showing double-digit increases on a year-over-year basis probably peaked in the second quarter with a 50% increase, it looks great. maria: that's what you said a couple of weeks ago you were looking for growth in the economy of seven or 8% or so, you still have those levels and did you see any weakness in the lending environment from the banks, they reported strong

numbers but some analysts who critiqued the actual lending. >> the fact is there is so much money available in just the thought of it provided by the treasury and the fed, interest rates are still close to a record low, lots of company have refinanced their debt so they don't need to go to the banks and meanwhile the bank is getting flooded with deposits and it's more money than they know what to do with quite frankly so this is putting some pressure on their margins, given how terrible only a year ago the loan losses have been remarkably subdued. maria: in amazing quarter for some of our major banks that were expecting from the regionals as well, what went on in the bond market, look at interest rates, this week dropping below 1.6% on the ten

year, we were worried about 1.7%, why are things going the opposite way. >> that's another externally development but what an interesting world we live in, here we had amazingly strong in engine economic indicators and retail sales were off the chart, then the increase in scale of night chart to get the latest increases and then we've had some business surveys done by the federal reserve bank of new york and philly, they are off the charts and some of the pricing pressures are certainly building up in the bond yield dropped from 1.75% only a few days ago and now is trading below 1.6%, apparently what's going on japanese and dusters life insurance companies have decided they're pretty good rates, they may not look that great to us in the united states but for them the ten year bond yield is actually 0 and negative

they look pretty attractive and once they get 1.7% they look at their hedging cost and concluded because the bed with interest rates so low and here's another example of how the fed policy of pumping liquidity and keeping interest rates low and driving this up in the stock market. maria: it really is, how do you want to invest in this melt up, do you think this continues throughout 2021, where are the best groups for my money today. >> i'm not a big fan of melt ups, the thing with melt ups they imply meltdowns and that requires us to watch the market every day and decide that we want to get out at the top. it's pretty nerve-racking stuff and i do hope we slow this down somewhat and the fed keeps talking about keeping interest rates near 0 and the bond yields come down, i think you have to

be broadly invested in the market, i know there's been a lot of talk about good versus bad, ever since september there's been a broad-based and it continues, i do think we have to watch her perspective leading to the nasty correction at some point but i don't see it like that. maria: access like bitcoin, another huge week, what do you think about crypto. >> don't get me depressed i don't own any of it. i'm biased i don't know if i missed it, there are 60000, maybe it's going to million, nobody really knows, there is no way to evaluate it, and heard about multimillion crypto currency people out there that brought it early enrolling and i don't know if it's dough or crypto currency, i hope they

figure out how to sell a top. i do added to a list of signs that there's way too much liquidity out there. >> the federal reserve and the easy money policies we keep hearing the same thing from the fed. great to see you. thank you very much for your insight we will see you soon. meanwhile the j&j vaccine in limbo after handful of cases of unusual blood clots have emerged, pfizer also saying you'll need a third shot of its vaccine, what about moderna booster ♪ you come and go ♪ ♪ karma-karma-karma- karma-karma chameleon ♪ ♪ you come and go ♪ ♪ you come and go-o-o ♪ ♪ loving would be easy if your colors were like my dreams ♪ ♪ red, gold -- ♪ [ tires screech ]

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join amy fox business exclusive another maker of covid-19 vaccine the ceo of moderna is here, stéphane bancel. great to see you this weekend, thank you very much for joining us. i want to start off with your reaction to the latest developments about the blood causing, what you know about this, people are worried about vaccines in general. >> good morning and thank you for having me. we are monitoring safety very carefully and we have since the vaccine is been authorized in december. we are watching closely in the cdc is very regulated. the good news so far you have the vaccine in the phase three study, we are now 63 million people of data so it's a big number. i think the good news of what's happening today gives the

american people feeling great about the cdc and the safety of american citizens. very seriously. and any thing needs to be investigated to make sure the vaccines can be used safely. i believe and trust the scientist and advisors to do the right thing for the american people. maria: you make a great point in europe to be congratulated, i want to thank you on behalf of all of our viewers who have gotten vaccinated and planning on it, you did this in warp speed, you gotta vaccine on the market and really lifted the public up. thank you to you and your scientist for this incredible performance, people now are worried about side effects and the need for another booster shot, what are your thoughts on

this, how much efficacy can we expect after getting vaccinated with moderna vaccine. >> great question, on the efficacy we announced this week that the six-month boost with the phase three study and it was 60000 people and we have seen north of 90% and the vaccine seems to be doing really well in the real world and as you know we have variance in the community and very confident about a vaccine to advise people given the risk of lung disease and authorization and a control so we could go back to our normal lives and be with their loved ones and traveling in the

variant is going to be the big question and i think two things to think about. one is natural winning immunity you make antibodies or you get vaccinated and make antibodies, over time the level of antibodies going to go down, that is normal and natural, over time booster going to be required, it is too early to know because we don't have enough data. maria: the variance are worrisome because we don't know how severe they are. >> correct and we don't know how they will impact in the long term efficacy. in the short term we are not worried the b117 the first ever in the uk which is prominent in the u.s. now we have seen and

published that the antibody is similar to an old strain of the virus. we feel very good about this one. and the one identified in south africa, we see a drop of the antibody but way higher than the antibody that gets infected. so we believe people will be protected against those in the short term, what is impossible is next winter with the variance or new variance which is why we believe that boosting is going to be really important to keep the country safe and open and we are working, and 30 days moderna developed ovarian boost of former south african strain, we have the data shown it works very well in human data very

soon. maria: i see, let me ask you with regard to the blood clotting that we are hearing about from johnson & johnson in the wall street journal reported this week the day and a privately reached out to other covid-19 makers to say, pfizer in moderna, let's join efforts to look into the reports of blood clotting, let's do a little bit more of a deep dive on the blood clotting risks, j&j through e-mail and phone calls with the wall street journal said that they tried to build an informal alliance among all of those companies, your thoughts on that, did you decline, what happened. >> we communicate to regulators, the fda and the cdc and of

course to the u.s. government on a daily basis, we share all the data as we have to, there's a high level of corporation and we believe the regulators to coordinate together and compare the data, i don't think it is something the industry should be doing i think they're doing a very fine job as a set earlier. maria: i want to take a short break and that i would like to talk about your vaccine day this week, it really indicated a deep bench and a strong breath for other sicknesses, we have an other sicknesses, we have an exclusive interview with t ♪ ♪ ♪

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maria: will come back i'm speaking with the ceo of moderna stéphane bancel. we were talking about the breadth of the company before we went to the break, i want to talk about the vaccine that you have this week a number of analysts are talking about the growth potential former moderna, tell us what you revealed in terms of the covid-19's situation and i would like to talk about the impact of this vaccine to highlight the other things that you're working on in the pipeline at moderna. >> on the covid-19, we just talked about which it is very high in a six-month it is very high in the variant which is being tested as a boost in animal testing and very soon in the spring and what we expect to

see in the size of the study and the input of a study and we are hopeful that no later than early enter leader summer early fall authorized so next fall or next winter. the rest of the piping, and traditional pharmaceuticals every drug is a different drug mrna is like software it causes every mrna under the center make protein in your body. we have nine vaccines and most of the vaccines, there vaccines against the virus in which there is no vaccine on the market. there are flu vaccines but as reported in the goodyear you get

62% which is not great and in a bad year you get 20 or 30% efficacy we believe we can agree to mrna is 90% against the flu vaccine. you still combine the covid boost with the flu vaccine and do one single dose so you can go to your cvs or gp and get one dose, that's whatever variant of coping and for that winter you can have a safe winter, that's another piece we talked about. and to disrupt the current market i think a lot of people that do not take a flu shot because they worry about lack of efficacy, we in the future what -- as you know before covid 60000 people in this country

because of flu and many days of work lost in with family and friends and vacation lost, we can have a big dent on this virus with our platform. maria: award on cancer and hiv vaccine this is part of the growth story at the vaccine day this week. >> many on the country of a vaccine that some are very promising in 40 years after the discovery of hiv and aids we still need a vaccine to protect people against hiv we have a clinical trial against skin cancer, breast cancer, brain cancer and many more, we have a drug, that's been injected into people's arms as a one

intervention. it's about ten minutes. in the mrna to it grow new blood vessels, we bring oxygen and nutrients so if you have a heart attack, you can have a good quality of life without having a heart failure. maria: it's been an incredible year, thank you for joining me. year, thank you for joining me. and congrats on this incredible walter, did you know geico could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis to help you break down boxes? arrrggh! what am i gonna do to you box? let me “break it down” for you... arrgggh! you're going down! down to the recycling center! >>hey, thanks martins! yeah, you're welcome. geico. switch today and see all the ways you could save.

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maria: another program next weekend to do it every friday night 9:00 p.m. eastern for another edition of wall street, i'll see you at 10:00 a.m. on fox news channel for "sunday morning features" live interviews with ron desantis, senior advisor stephen miller,

devin nunes and candace owens all sunday on fox news channel at 10:00 a.m. eastern live, start smart every weekday 6 - 9:00 a.m. eastern with "mornings with maria". we hope will start your day every weekday, that will do it for us. y y y y y y y y you for being e a great rest of the weekend. ♪ >> welcome to the wall street journal large, are you feeling the unity yet, three months after joe biden took office promising to unite the nation the democrats continue their assault on institutions that define american democracy. lawmakers unveiled a plan to expand the supreme court from the current nine to 13 justices. that is known as court packing. the idea is to cement a