clover says late stage trials prevent 79% of deltek cases. the first vaccine from china to offer clear efficacy data against the variant. it also shows it prevents 67% of cases of any severity caused by any strain. rishaad: let's go to nancy baxter. professor, thank you for joining us. look at what is happening with the booster shots. we don't know how long people have degrees immunity, depending on which vaccine you've had to begin with. how far down the road are we to a rollout of this? >> waning immunity is not unusual with vaccines. many vaccines wane over time. you get a shot every 10 years. it might be the course of vaccination for covid should really be three. it is not like waning immunity, we've just had a sufficient course of the original vaccine. the challenge now is we are getting to the point where people are six months from their second dose in places like the u.k. and u.s.. they are starting to see the decreased immunity when we see increased immunity because delta is able to evade vaccines more. that is why we see a number of

brian: i think they will have excuses to have more time, the supply chain, deltek, retail sales couldlved and sentiment is falling. i think the fed will make up stories to fit their story which is that inflation is transitory. they have made the mistake before of going to quickly and they will not make it this time. so whether or not we are the market believes that, the fed needs to believe it and they will tell their story and stay dovish even though i think cpi will be sticky. it could still be explained for now as supply chain delta and other transitory -- jonathan: how does the market trade in an environment like that? when we look at the economic data and i see an easier fad relative to the economic data, what does that mean? brian: i think steeper curves. we will bring back maybe not the same people pitch as february, the reflationary trade. maybe it is transitory but i think the market wants to have that conversation again about if the inflation is sticky. this could move them back towards the top of the range. jonathan: and the rapidfire round, three quick questions and answer

against deltek, we have strong protection and we will expect that to continue but we do not know for how long. you find out when your guard is down after your guard is down. to prepare for that eventuality, we have begun to make vaccines that have different sequences that if needed we can accelerate so we can actually use that. i think we are going to work closely with regulators. to figure out -- the beauty above -- we can actually do this type of rapid response versus conventional biotechnology that takes years. >> i've got tumor donor shots. do i need a booster? >> the best advice so far is that people after a certain age -- and i cannot tell you with that would be because that would be set by the government, would most likely need a booster to be protected against the variant and public health will decide. my guess is that given enough time, we may end up in a situation where we have yearly vaccinations just like the flu. >> tony fauci he has said we must use the example of coronavirus to prepare for other viruses down the road and that companies like yours will do that. are you

that is concerning, because you never know how the deltek variant is going to impact travel in asia.or a while, chinese refineries were not importing more oil. that was causing demand to look like it was dropping in china. they seem to be restarting, but that is always something to keep an eye on. another issue is the potential for another wave of coronavirus in the northeastern united states. we have seen it in the south. that did not impact gasoline demand in the southern region. however, if it does occur in the northeast, that has the potential to disrupt gasoline demand. matt: what about the rollover that we saw in flight booking, tsa data, and the concern that business travel maybe will not return to prepend the levels? ellen: that he is a big concern. the numbers out of europe for travel have been good but the lack of business travel is a serious issue, particularly those long-haul flights for jet fuel demand. what is interesting is that american refineries have shifted away from producing as much jet fuel. they are producing more chemicals instead. particularly those used to m

pressures to immunize kids has been climbing in the united states with a surge in deltek cases. u.s. will soon open air travel to most foreigners as long as there vaccinated against covid. the new rules will replace the current system expands foreigners arriving from places like the u.k., china and india. on vaccinated american travelers will need to test within one day of departure. policies are expected to star in early november. the biden administration says russian restrictions on natural gas exports mean some european countries may not have enough supplies to heat homes this winter. european gas prices surged on news at that a moscow company opted not to pump more gas to the continent in october. u.k. government is winning of a long difficult winter with high energy prices tipping power suppliers into bankruptcy. former u.s. treasury secretary steven mnuchin has started a multibillion-dollar private equity fund. he has raised about two and a half billion dollars. most of the money is from middle east sovereign wealth funds including saudi arabia's public investment funds. i