johnson & johnson. them wanting to split off their baby powder company as a separate entity so johnson & johnson as a wholee out there. from a bankruptcy expert point of view as somebody who studied it and taught it, what are we missing in these conversations when we allow companies to file bankruptcy to ta void some kind of liability. >> i think it is fundamentally a prosh about preventing corporate abuse. and bankruptcies really the tool that these corporations are using to avoid liability for the damage and harm that they cause, in this case many, many, many getting devastating and deadly cancers from using baby powder laced with asbestos. but fundamentally this isn't really a bankruptcy problem. it is a larger problem about how do we make sure that companies that make money are also on the hook for paying for the harm that they cause along the way. and that is the problem we see in environmental issues, with offshore drilling, noarks, and oil leaks. it is a problem we see with product liability. and so this is one more sample of it trk but but the bankruptcy issue here does i think tend to be a place f

we have had ge and now we need to talk about johnson & johnson. johnson & johnson breaking up pharmaceuticals. we will be speaking -- david westin will be speaking with the company's chairman and ceo. that conversation next. this is bloomberg. david: i'm david westin and want to welcome a very special based -- special guest. johnson & johnson's chairman and ceo alex gorsky. we had a very big announcement. you are breaking this iconic company into two pieces. johnson & johnson was known forever as being proud of having both the consumer side, a little less return, but a little less risk, and the pharmaceutical side. more return, but also more risk. you wanted them together. what made you change your mind? alex: thank you for the opportunity to have a conversation today. you are right. this is a historic day for johnson & johnson. this is something we have been looking out for years. we have given a lot of reflection and careful consideration to. we have long said that our diversified portfolio strategy was one that was founded based on where the markets we

and, but this is also really, really important because if, if there are several wins against johnson johnson in the states, then the dominoes will fall and many other people will file and john not so we force this, so at the end, that's what we need them to pay reparations to all the states as well. that, you know, these are hard by opiates, so we know why this matters. i'm because the i've heard epidemic is so serious. i wonder if you can give us and give our international audience an indication of how much it matters, how big, how out of control this problem is become yeah, the rise in opioid deaths, overdose desks has been enormous and death. of course has. we learn from co, similarly, it's just a tip of the iceberg. there's so much more suffering than just death. but hope you are over to his desk has been a huge drag on the economy and is completely empty and hollowed out to many rural parts of america in other parts of the world in all because of deceptive marketing practices by various fall manufacturers as well as the marketers, distributors and i cannot stress enough the economic dam

johnson. jock imwill continue to be the ceo for the johnson & johnson, our pharmaceutical business, our medical. we know we will have it right in our consumer business as well. >> this is incredibly well known which of the two companies is going to keep johnson&johnson or do you brand both of them with johnson&johnson and run confusion with hp and hpc? >> look, our pharmaceutical and medical business, sorry, will be johnson&johnson. the name of the new company will be known are you right, the consumer business, think about it for the moment, it has more than four brands over a billion dollars in sales. we have more than 20 brands, tail noshlgs nutrogena, listerine, benedryl. we have a strong pipeline. we feel it will be a better capital allocation a way to better figure the corporate versus the corporate structures to reach nor consumers. >> is the spa plan no spin it off or is the board looking at th that >> i take it the liabilities is cases would go with the consumer business >> this is about the future. we have been clear regarding the legal issues you mentioned this is about creating growt

in this 2013 markup in a statement for johnson & johnson's website, you can see that johnson & johnson's legal team advised the company against claiming that our talc-based consumer products have always been asbestos free with the comment, we cannot say "always." they recognize that the company's talc could have been contaminated in earlier times. johnson & johnson built its fortune on its baby powder. the company's net worth is $440 billion. plenty of assets to help of women poisoned by their products. three weeks ago, johnson & johnson formed a subsidiary called l.t.l. management. they then dumped all of their asbestos-related liabilities, including nearly 40,000 lawsuits into that shell company. two days later, l.t.l. management filed for bankruptcy. this is corporate chicanery, corporate abuse because j&j only provided that shell company with $2 billion to cover tens of thousands of asbestos related lawsuits. $2 billion is a big number but j&j knows the real damages they caused. in 2018 the company was ordered to pay $4.69 billion to 22 women and their families who used baby powder.

johnson & johnson not the only company heading to splitsville. both ge and toshiba announcing break dwlups week. once upon a time johnsonohnson was constructed and built such that the consumer business provided cash flow to the riskier side of the business now all of a sudden we are undoing that >> it is all cyclical. what i don't like about it is it steps up for good stock, bad stock. companies, when they are going for a splittup, they are going for a higher valuation, but that also means the lower valuation is left alone. i am not a big fan of this to your point there are so many things we can look about to the obvious much which is facebook potentially being forced to spin out or break-up. there are so many things you can do but those companies probably wouldn't do it on their own because they want to keep the higher multiple. i understand why there would be a knee-jerk reaction to buy it, but i don't think it makes sense longer term. >> those are brands that face enormous competition i am thinking of amazon, first, they have a generic or in-house version of everything under the sun at this point. >> you are right, m

johnson & johnson, they will give it a try. conglomerates announcing they will break up, streamlining their operations. today, we look at the future of this business structure and if the recent moves signaled the start of a trend or if this is a passing moment. we will see who might be the next to break up when it comes to conglomerates. were they? people talk about tesla, alphabet and meta-platforms. first, let's hear from the ceos who announced the move last week. >> these this misses will be more focused, a higher level of accountability. we should have sharper allocation and strategic flexibility. i think we will end up with investor bases, investors that are probably underinvested in ge today. put all that together and it's clear this is the best path to unlock and create value. >> both businesses have the potential to grow at least single digits and above going forward and we think this will better position the consumer business in this evolving environment to be even more agile and flexible, even more innovative to reach consumers around the world. taylor: for more on the breakups, let's go to the professor of management at the wharton school who offers programs on leadership for managers around the world. so interesting when we see these boom and bust cycles. then you need scale, you bulk up, then you realize you realize you're too big and not nimble enough, you start to split off and go small again. but have we learned through all these cycles and is it anything different from the breakups of the big conglomerates last week? >> the latest cycle is interesting because i think it is not a cycle, it is a permanent trend that is here to stay. in a nutshell, investors historically have increasingly wanted to put money of big investors of companies in a relatively specific market. at one point, you may recall there was a company that combined steel and oil. at one point, there was a company with rental cars and cupcakes under the same umbrella. tough to manage to begin with. investors on top of that have said we want to get the sector we want to be in and have been pressing companies for the better part of 30 years to break up. most recently we've seen ge, toshiba, johnson & johnson, others yet to come, the tale of a long-term process that is here to stay. caroline: here to stay globally as well? when does it still work to have a conglomerate? >> it's a good thing for several reasons. not the least of which is that, and larry culp of ge said it, that it allows top people, it is a tough world, complicated to make jet engines for example, tough to make hip replacements like they do at ge, and to give top management an opportunity to focus on the business line, to use alex gorsky's phrase, greater agility, greater capacity to get the job done. simply put, it's good for management and definitely for consumers. romaine: you mentioned twinkies and car rentals being under the same roof, i assume that was a reference to itt. what he did was very successful at the time. you talk about a company worth a few million dollars and turn into a multibillion-dollar company, but as soon as he left, this is what, 1970 nine or 19 80, there seemed to be at that particular c

professor, we have johnson & johnson breaking up. kill themselves over the next months and weeks to tell people it's not about a litigious trail. from where you sit, is definitive virology and epidemiology, can big pharma still act like big pharma or is the litigation risk so great they have to break up? >> i think the litigation risk along with profit margins for things like antimicrobials and antivirals are the things that i oftentimes here for my industry colleagues that are things that make them shy away from some of these treatments. it's a difficult thing to understand from my perspective because the use of antivirals and anti-mike reveals is such an import of our treatment regimen. you would love to see a greater investment in generating those compounds and maybe mitigating litigation risk is one of the ways you can stimulate more interest. tom: the romance of new jersey back 50 years with the j&j vaccine, that courage they had scientifically, is it now a new to mitte t that forces someone like j&j to rake up? -- to break up?

johnson and johnson announces it is splitting into two separate companies. many start to rethink their conglomerate structure. u.s. thanksgiving and inflation are set to collide as americans get ready to sit down to a much more expensive meal this year all that and more, coming up. greg: it's incredible because after that scorching hot inflation print from the month of october, concerned that it will get worse before it gets better. here in toronto, we are at a record high. well above where we need to be. i know you are getting back to that territory on wall street as well. like now, bond yields pushing higher. we saw that reaction earlier this week with concerns about inflation. we are told time and again that it will ease but consumers are dealing with it on a daily basis. the fact that u.s. consumer confidence is being shaken by these hot inflation prints. we will get our october numbers next week in canada. it is pretty much the same situation. how much longer can they say, i believe you, and it will be just fine? but i could not believe this number when i saw it. 4.4 million americans quitting their jobs. that is an unprecedented number in terms of americans just handing in their resignation papers, incentivize by record wage gains and other attractive terms being offered by employers. americans leaving their jobs in droves. meanwhile, the number of available positions rose to 10.4 million. people feeling the power to say, i am looking for something better. matt: there are so many job openings, you can understand why they would feel confident in doing this. employers are having to fight to get labor. not only giving them better salaries but also giving them better working conditions, at least what are perceived as better working conditions. a lot of people flooding to work from home, for example, and they are shifting jobs so they can do that more easily. interesting move in johnson johnson today as well. the headlines are kind of shocking. this is an age-old behemoth, almost half $1 trillion company, no splitting into two. at one point we were up about 2%, now about half a percent. they will focus one side of the business on drugs, the other side on consumer products. david westin spoke with the ceo earlier today. >> both of these businesses have the potential to be growing at least mid single digits and above going forward. we think this will better position our consumer business in this evolving environment i mentioned earlier to be more agile, more flexible, more innovative, to reach more consumers around the world. matt: joining us now is damien conover, analyst at morningstar. he has a $106 price target on the stock. will you consider changing that? damien: based on the news we have seen today, i don't think it will drive a change in our fair value. the consumer assets for johnson & johnson were relatively correctly valued in the overall conglomerate struct

johnson & johnson about to go through a major change. the company announced had plans to split into two companies. to separate the consumer products from the pharmaceutical business. johnson & johnson says the split will create a healthier work environment for both divisions. it could take up to two years to complete the split. the company says the pharmaceutical division will retain the johnson & johnson name. it hasn't decided yet on a name for the consumer products division. >> winter is coming. that's a warning from public health leaders. they expect a new surge of covid-19 cases to start hitting the u.s. around thanksgiving. people travel and gather together inside. because more than two-thirds of mirns are vaccinated. the spike isn't expected to be as bad as last winter. right now the delta variant is driving up hospitalization ntd mountain west and fuelling out breaks in the north. trends are improving in florida, texas and other southern states. >> a former adviser to trump has been indicted for defying a subpoena on capitol hill. this morning steve bannon failed to appear in front a committee investigating the capitol attack on january 6. he's being charged with

johnson & johnson announcing a breakup. we will discuss. plus, a disney plus stumble puts the damper on the birthday party, how less subscriber growth overshadow the celebration. carson block is back, talking about elon musk and retail investors. what he has to say about meme traders. markets climbing. inflationary pressures continued to reverberate through the markets. ed ludlow is fear. -- here. ed: no worries. we get past those concerns and technology leads the way. nasdaq 100 outperforming the s&p 500. also strengthen the m egacaps, google, facebook, tesla. inflation is the name of the game. the strongest print in october, the fastest pace of inflation growth since 1990. i wasn't around in 1990. you look at the categories in which prices are rising, there is concern. why? because the u.s. consumer has been driving economic recovery, supercharged spending, but with energy rising, goods like televisions, what happens if the american sumer cools off? if inflation is overshooting, could we see tighter monetary policy? the federal reserve could be more aggressive with the way it tapers asset purchases in the great path going forward. u.s. 10 year yields are not at the highs of march or mid october this year above 1.7%. u.s. technology stocks rising, the equity market is sanguine. johnson johnson splitting, spinning off the consumer business to become two separate entities. it had a mixed week, trading lower, then jumped 1.5% friday, an interesting reaction, but this is something we have seen before, toshiba, ge, and in the pharmaceutical space. emily: thanks. i want to stick with the split of johnson & johnson. alex gorsky joining bloomberg earlier saying both businesses will have mid single-digit growth potential. take a listen. alex: both businesses have the potential to be growing at least mid single digits and above going forward. we think this will better position our consumer business in this evolving environment to be more agile, flexible, and innovative to reach more consumers. emily: this is not the only company that announced a split. ge enters she but this week announced they are splitting up. -- and toshiba this week announced they are splitting up. there have been lots of calls for breakup of big tech, but is it something we could see from facebook, googl

johnson & johnson. —— pero tambiÉn aquellos que se colocaron la dosis Única de johnson & johnson.na de refuerzo. es muy importante saber que puede recibir una vacuna diferente a la que se colocÓ. ♪ ♪ [mÚsica] paola: al acercarse la Época navideÑa, expertos advierten un aumento en precios. vamos a ver cÓmo reducir el impacto horario en pequeÑos. vamos a ver cÓmo reducir el impacto horario en pequeÑos. tenemos recomendaciÓn. mira, mira... ¿me das un cheddar loaded cheeseburger combo? ¡ey! yo conozco esa voz... ¿carlos robles... de high school? no. soy jack. yaaaa... prueba mi cheddar loaded cheeseburger combo por $5.99, con queso en 3 versiones. si usted está cubierto tanto por medicare como por medicaid de su estado, la inscripción anual de medicare termina el 7 de diciembre. de modo que este es un excelente momento para analizar un plan unitedhealthcare dual complete. podría ofrecerle aún más beneficios de salud de los que ya tiene. llame ahora mismo para saber si cumple los requisitos. medicaid le da beneficios y medicare también le ofrece algunos beneficios. pero un plan unitedh

johnson. he's going to transition the ceo role to joaquÍn, i don't know if i'm pronouncing that correctly. there is johnson and johnsonl get taxed on this. that's the plan anyway. johnson & johnson breaking news now and following the latest out of texas, a ninth concert goer has died following the deadly astroworld music festival, she passed away wednesday. she was a student at texas a&m and went to concert with sister and cousin and they got separated during the massive crowd surge. authorities have opened the criminal investigation into what went wrong. robert travis scott and the events promoter are facing dozens of lawsuits. she was declared brain dead we should say, the patient that we talked about earlier this week. well, chicago, the public schools there canceling classes to promote vaccination awareness day but some parents are slamming the rollout plan saying they were getting short notice to find child care and the students aren't providing them access and don't have appointments until maybe some time next week. and then there's this, the rock roasting ryan reynolds, dewayne the rock johnson taking a shot at

johnson announcing the company plans to split into two separate companies. one will focus on the company's consumer products while the other deals with its pharmaceutical and medical device operations. johnson & johnsonroduces products such as band-aid bandages, and neutrogena skin care products to name a few and the other produces prescription drugs including its covid-19 vaccine. that split will take about two years to complete. >>> now to the record inflation causing americans to pay more for just about everything. the cold weather arriving, fuel costs, that could be spiking nationwide. that means more pain at the pump as well as for heating up your homes. nbc's tom costello shows us just how bad it could get this winter. >> reporter: mid-november in new england. temperatures are falling and edward is making the rounds. delivering heating oil and sticker shock to his customers. >> as much as i hate to show them the bill, they are like, they gasp but they understand what's going on. >> reporter: from the northeast to the midwest, meteorologists predict a cold winter which could make it an expensive one, too. >> you have to heat your home and, you know, you just have to pay the higher cost. >> repor

johnson vaccine. it's looking like the johnson & johnson vaccine should no longer be recommended as a one-shot regimenficacy as compared to the pfizer and moderna vaccine. not only that, but there was a recent study released that examined over 600,000 u.s. veterans that showed the rate of declining efficacy is extremely drastic for the johnson & johnson vaccine as compared to moderna and pfizer. that being said, although we may want to change the recommendations from one shot to two shots, there still is a place for the johnson & johnson vaccine with those with special considerations. >> grateful for. >>> per tease and insights on this very important day. >> thank you, john. >> thank you. >>> president biden briefed the global climate summit on a new plan to cut methane emissions. we'll have a live update from scotland next. and new hickory-smoked bacon. it's the eat fresh refresh™ at subway®. there's so much new we don't even have time for this guy! but i'm tom brady! oh, and there's smashed avocado too! i'm gonna earn 3% on dining including takeout with chase freedom unlimited. that's a lot of cash

johnson & johnson's consumer products division is a stable but fairly boring business. the pharma and pharma development business has much more upside and will sell at a higher multiple. is so breaking into two parts for it, toshiba and ge let investors get the pure play that they want, and that probably is going to be advantageous in the aggregate for the combined element stock prices. liz: yeah. george, when you're looking at some of your favorite names as they have run up, have you been taking some money off the table? >> i've been redeploying money, liz. the bias in the market is still to the upside. people can say it's too speculative, prices are too high, but day-to-day there's still more of a opportunity in the market than there is risk. risk will come but probably not yet. so i've been redeploying how the big fang stocks, they're tired, they're bulls, but they're tired bulls and more into somewhat smaller, still tech-centric companies. a company that manufactures high quality, comfortable fashion-centric scrubs for professionals in the medical business. that's a

today johnson & johnson tried to relaunch as johnson & johnson johnson's version. [ laughter ] speakinghnson & johnson, they're actually splitting up, in a good way. but, yeah, they just announced they're breaking into two separate companies: the consumer side and the pharmaceutical side. meanwhile their kids were like, "yay, two christmases. [ laughter ] people figured they were going to break up when johnson unfollowed johnson on instagram. [ laughter ] that's right one of the companies will just focus on products like band-aids, tylenol, and baby powder in other words, one company will just keep decorating your grandpa's sink [ laughter ] here's some good news, according to the cdc, 98.5% of the seniors in the u.s. have now gotten at least one dose of the covid vaccine. [ cheers and applause which is why weekly canasta games can now turn into drunken make-out parties [ laughter ] that's right, 98.5% of seniors are vaccinated while the other 1.5% are like, "keep going for what?" [ laughter ] ♪ [ cheers and applause i've been ready to go since "matlock" ended. ♪ [ laughter and applause

johnson & johnson is spinning off its over the counter consumer health products unit into a separate company. it makes products like benadryl, bandaids, tylenol, motrin. no word yet on its name. >>> making a come back, event was canceled last year due to the pandemic. it runs today through sunday. good morning. it is friday, thank goodness, november 12. i am amanda starrantino. >> i am len kiese. let's get a check of weather and traffic on this friday. we have lots of plans, no pressure mary, but we need nice weather. >>> we will deliver. it will be beautiful today and into the weekend. if you have outdoor plans, it's going to be fantastic. this morning, if you are about to head out, mainly clear skies but dealing with patchy dense fog especially for parts of the east bay and north bay. i will show you this through the afternoon, sunshine and mild conditions, highs above average for this time of year. current visibility down to a tenth of a mile in fairfield. fairfield you are under a dense fog advisory until 11:00, quarter mile in concord, petaluma, santa rosa. 60s and 70s this afternoon with sunshine. 64 pacifica, 68 san francisco, 71 oakland, 73 san jose and concord. we'll have that weekend forecast including your seven- day forecast coming up. let's check with gianna. it is getting busy at the bay bridge. >>> an example of how unpredictable traffic can be. this happened very quickly. we had a broken down vehicle west on the upper deck of the bay bridge on the west end actually closer to the san francisco side. they activated metering lights and look at the back up now at the bay bridge toll plaza. it is busy from the 880 ramp and stays bumper to bumper on the upper deck as well. a busy ride. also busy off the east shore freeway west bound 80. we had a crash in the clearing stages but a little slow as you approach the scene. we are dealing with fog as well. we have limited visibility along 101 through petaluma. that's where chp is clearing a crash, south bound 101 at petaluma boulevard north. >>> police are going through surveillance video trying to locate a woman who abducted a 1- year-old girl in pittsburg last night. luckily this has come to a positive conclusion, the girl has been town. it was an amber alert in effect after she was taken in a carjacking around 6:00 last night. about four hours later, a woman found the 1-year-old girl named mona in her car seat in the stolen vehicle. it was in the driveway of a pittsburg apartment complex. that woman called police. >> they were blocking the driveway. it was just sitting here. it was weird because they heard a baby screaming and crying and then they looked and flashed the lights. the baby was in there, door was open, and they got the baby out. >> the baby was in her dad's running suv last night. her dad had stepped out to talk to another man and a woman came up to them asking for a cigarette. she suddenly got into the suv and drove off with the baby inside triggering the amber alert. the suspect is still on the loose right now. she's described as a woman in her 30s with a tattoo on her face. back to you. >>> california health officials going against current cdc guidelines and letting all adults get the booster shot. >> this is as holidays are nearing and we are seeing a recent rise in covid cases. justin andrews is live to explain the state's pivot on all this. >> reporter: health leaders say safety is really at the core of this. they say the booster shot gives an extra layer of protection as we move into the holiday season. i want to give viewers a reminder of what cdc recommends. it says adults 65 or older can get the booster or adults 18 or older who live or work in high risk settings or have underlying health conditions. california and leaders are saying no, we are letting all adults get the booster shot. if you are 18 and older, you can get the booster shot as long as it's been six months since the second dose of the pfizer or moderna or two months since the johnsoned we could see a winter surge unless more americans get vaccinated. that is the momentum behind the latest decision by state health leaders manging it clear to the healthcare providers not to turn a single patient away requesting a booster shot. >> we're vulnerable to get a surge unless we get more people vaccinated. >> i am fully vaccinated and even boosted. i feel very well protected. but i am not 100% protected and i don't want to get covid. >> reporter: local doctors telling us the state made the right decision. justin andrews, kpix5. >>> a live look at the golden gate bridge. it is back to normal but yesterday an anti vax protest there led to a traffic mess. it wasn't the initial protest though that caused the longer wait. hours into the protest an suv crashed that ended up hitting several officers and bridge patrol workers with protesters on the other side of the barrier. >> i heard a bang and then next thing i know i look and there it was. >> i appreciate the right to peaceful

johnson & johnson es elegible también. en la zona son cuatro condados que ofrecen dosis de refuerzo. hablamos de san francisco, san mateo y santa clara. para que encuentre información debe visita rod laver arena página de internet del ddepartamento e salud de su localidad. >> ahora que california amplió para recibir la dosis se espera ayudar a prevenir un incremento de contagios durante le invierno y festividades que se avecinan >> [habla en inglés] >> el líder de salud estatal dio luz verde para todos los adultos de california >> hay que ponérnosla. si hay que ayudar, es no dejarnos sin hacernos la lucha >> no es necesario hacer de tercera edad o trabajar en un empleo de alto riesgo de contagio para calificar. lo importante es ser adulto y que pasen meses, o dos meses desde johnsono la primera? >> dejando a personas inoculadas sin la misma protección inicialmente, algo que preocupa con la llegada de invieron y fiestas de fin de año >> para compartir feliz hay que vacunarse >> la doctora del departamento de salud pública dijo que si se cumplió la fecha, vayan a buscar su vacuna. agregó que excepción sería para quienes viven en una burbuja. incluye a jóvenes y personas sanas. fue enfático en este escrito. ningún paciente debiera ser negado una vacuna de refuerzo. >> ahora, ante la huelga permanente del norte de california a partir de próximo lunes, informó para reprogramar las citas y en el caso de citas no urgente, podrá realizarse por teléfono o video llamada. el servicio de entrega por correo continuará funcionando. estará recetas médicas para uso . la unidad continuará también operando. durará hasta 22 de noviembre. >> cambiando de tema, las canchas de tenis cerca que se había convertido y volvieron . para quienes acamparán ahí enconrtar opciones de refugio. >

. >>> en cuanto a la johnson&johnson, aquel mayor de 18 aÑos califica para recibir la vacuna de refuerzo de johnsonpfizer sigue siendo eficaz pero tiene 47% de protecciÓn contra infecciones segÚn escrito de la revista mÉdica lancet. >>> cualquier persona necesita esta vacuna para protegerse ellos, su trabajo y a su familia. >>> con la dosis de refuerzo pfizer es 95% efectiva contra el virus. dinora pÉrez, noticiero telemundo 48. >>> telemundo 48, somos primeros contigo, tenemos informaciÓn de Última hora desde marÍn, nos llegan estas imÁgenes en vivo ahÍ se reporta fuerte actividad policial, vea esto, en la cuadra mil cien boulevard mary rin. es noticia en desarrollo le mantendremos informado. >>> y si usted es elegible para ponerse la vacuna de refuerzo este es el momento porque los casos de coronavirus suben lentamente, asÍ confirman autoridad de salud que dicen que la tasa de positividad es 3, 2%. hasta ahora cerca de 3 millones de californiano han recibido la vacuna de refuerzo y 20 millones en el paÍs y si vive en condado sola solano, la feria sirve como centro de vacunaciÓn masiva. esto en ci

johnson & johnson separating its consumer drug and products segments another handful breaking up in front of you 2015, ebay broke off paypal. hewlett-packard spun off and 2019, dow dupont broke into three. and last year, carrier and otis split into technologies. all seem to be doing fine with relative stocks in the green since the split but is breaking up always a positive for shareholders we've got two relationship experts here, ron and sauna. both our cnbc contributors, welcome, guys. so, let's answer that key question first, do breakups benefit shareholders generally, in the long run? ron, you go first and then herb jump in. >> yeah, i think we all know, we've all been doing this quite some time. we've gone through these conglomeration periods for quite a number of decades. '60s, gulf and western and itt and then with a model given the changes in the environment, the company just broke and spun off again. so, a lot of times, one of the single spin-offs might be a big winner for shareholders when they do the tax distribution we saw that with at&t when it broke apart. and other instances. there are periods where everybody is hot for a deal. and then there are period where is people are hot to break it up a lot of it is three generation wall street. >> exactly we'll come back to that, herb, that's what fascinates me, the role of the investors putting it together and then breaking up. let's bottom line, for those older, for example, of general electric or johnson johnson, do they do better post-breakup >> historically, i would say sort of yes, depends on the company. look at ge, what investors are telling you today, after the initial euphoria in the news, the stock over the past few days has been sliding down. i think it depends on a company, tyler. and i think there's no sure fire here we know it makes great headlines. and beyond that, it's wall street that does what it does best and by the way, breaking up is so easy to do. >> when you've got a banker, yeah, sure, it's easy. bankers are rejoicing. ron when you see the headlines, and such repetition, so much breakups in a shorted period of time, we're at a period in time for the markets for this to happen, i don't know, it feels like it's signaling something that only happens when things are really good? >> yes, we could also argue the flip side, melissa, with merger mania ahead, with prior records indicative of a top. i'll worry more about a top when the fed changes policy yeah i would take

& johnson . affected by the new variant? we are dependent on johnson &johnsonvariant? we are i dependent on johnson &johnson to do dependent onjohnson &johnson to do that. we may do the research and development, innovation and there is a lot of ended tonal comments about omicron. how more contagious and possibly avirulent it may be. i think it's too early for anyone to say what the real pictures get a look like. i think you need to give us a couple of weeks. what we do know for certain though is that if you vaccinate significant swathes of the population you are likely to break the chain of transmission. if you do that you also mitigate the variance that began to manifest, with these variance you start seeing surges as you are presently sitting around the globe. i think that you need to give us a few more weeks our focus is very much getting as many vaccines manufactured as possible and jabs in arms. that is the best way for us to overcome what has been catastrophic pandemic. i way for us to overcome what has been catastrophic pandemic.— catastrophic pandemic.

johnson announced today it is splitting into two publicly traded companies. the division that sells band-aids, listerine and over-the-counter medication will separate from its pharmaceutical and medical device business. johnson & johnsona "newshour" funder. signs of turmoil in the already tight job market. the labor department reported a record 4.4 million americans quit their job since september. several high-profile athletes' resistance to vaccines highlights the nationwide divide. and a new book details the approach of henry kissinger. announcer: this is the "pbs newshour" from weta studios in washington and in the west from the walter cronkite school of journalism at arizona state university. judy: the conflict in ethiopia has beco one of the most brutal on earth, threatening the existence of the state and lives of millions. a major weapon in that war, hunger. tonight, the united nations tells the "pbs newshour" that the ethiopian government promises to ease its de facto blockade on tigray where hundreds of thousands of facing famine. nick: the forces and allies advance south and as they get closer to addis adabout a, the country is at risk. while the government says the country is safe, residents decry fake news,

johnson & johnson, anyone who got a first dose should get a second dose. vaccinated is what will decrease transmission. that is on -- this is unlikely to make a change. kristen: a lot of people are struggling to get a booster shot and some are having a hard time and wonder if they should lie because some pharmacies are going with the cdc and it has not eased the booster restrictions yet. others because their websites have not caught up with the rapidly changing rules. do you have thoughts on the ethical question for people who really wanted it as to whether they should lie? dr. gandhi: at this point we have ample supply for everybody. this is not something the u.s. decided to figure out equity. there is ample supply. you could easily lie and get it. it is past the point of our doses going abroad. i think it is fine to do that. i do think it is safe and i don't see any contraindications to getting a booster. kristen: questions from our viewers. randy wants to know, if i had a reaction to the moderna vaccine, would you recommend a booster of another kind? dr. gandhi: yes. i would not recommend pfizer for you because there are certain elements, compounds in both types of mrna vaccines. if you want a booster, i would get the johnson & johnson. kristen: colette said, i got the pfizer booster, had a fever and chills. was this a bad thing that i had such a bad reaction to the booster? dr. gandhi: it is not a bad thing. this happens with increasing your antibody levels. you will feel ill for a couple days. this is why the fda advisory committee did not want to approve it. they did not want people to have adverse effects if they were fine with their immune system. if you have a high immune reaction, you may have side effects for a couple days. kristen: vivian wants to know, should my 17-year-old diabetics type one get a booster? he is at school in person and it has been more than six months. dr. gandhi: this is only approved for over 18 because there is an increasing risk of adverse effects with young males. this is not going to be improved -- approved for 12-year-olds to 17-year-olds yet. kristen: gretchen wants to know, i need the flu shot and the booster. which is more important to get first? dr. gandhi: a study in

johnson & johnson plans to split into two companies separating over the counter products and pharmaceutical business. it is unclear what the second company will be named but johnson & johnson will stick to prescription drugs and medical devices. >>> americans are quitting jobs at a record pace. labor department says nearly 4.5 million people quit their jobs in september. at the same time businesses continue to post jobs at near record numbers. >>> new, california could become the first state in the nation to rank heat waves. it will be similar to the way meteorologists categorize hurricanes. the idea was just announced as united nations climate talks wrap up in scotland. >>> a gorgeous sunrise over the bay caught on camera from one of our san francisco tower skie e the fog rolled in over the boats in the bay. mary, only you can follow something up that beautiful. >>> thank you. love you len. we are looking at a beautiful day ahead and into our weekend. so that was just a stunning sunrise for us and we're going to do it again as we look to our weekend as well. a live look with sales force tower camera looking east across the bay to mount diablo. you see plenty sun

needed, my team is already working with officials at pfizer, but dharna, and johnson & johnson -- pfizer, moderna, and johnson & johnson if boosters are needed. anchor: the chief medical officer says it is not all doom and gloom. the government is rolling out its vaccine booster program to all adults. reporter: written was the first country to restrict travel from southern africa after the emergence of the new covid-19 variant. the government has admitted omicron could pose a greater threat than the delta variant. >> close contacts of anyone who tests positive with a suspected case of omicron must self-isolate for 10 days, regardless of whether they have been vaccinated or not. face coverings will also be made compulsory in shops and public transport in england unless an individual has a medical exemption. >> this is not all doom and gloom at the stage and i do not want people to panic at this stage. if vaccine effectiveness is reduced, as seems pretty likely, to some extent, the biggest effects are likely to be in preventing infections and hopefully, there will be smaller effects on preventing severe disease

pharmaceuticals, johnson & johnson plans to split into two companies, separating is over the counter products and pharmaceutical business. it is unclear what the second company will be named but the johnson & johnson name will stick to prescription drugs and medical devices. strumming a recall alert from trader joe's as the grocery chain is recalling about 100,000 pounds of raw ground chicken patties, saying it may contain pieces of bone the items being recalled are chili lime chicken burgers and spinach feta chicken sliders. the products were sold between august 16th of september 29th. if you purchase them, the usda is encouraging you to throw them away or return them to trader joe's. >>> after 13 years, britney spears is free from her conservatorship . a live look at the crowd, her supporters are outside the los angeles county courthouse where one hour ago a judge ruled to stop the conservatorship . the popstar had been under conservatorship for nearly 14 years and now she is free to make her own decisions without court oversight. >> i am ready for her to sit in her palace and just chill. and take this freedom and do whatever she wants with it. >> but the courtroom drama may not be ove

so only one johnson & johnson patient who had only one vaccine, remember, it's the only now opened up about two weeks ago for a second dose of johnson & johnson. and we are only opening in the next week or so for 50 pluses for a booster of pfizer. so far has not happened. it doesn't play a role. so only one with johnson & johnson breakthrough infection. that was a doctor or is a doctor in her 60s and also fully recovered. very mild disease, and so we haven't seen severely ill patients at this stage. and we're not saying it's going to stay like this. we understand at the beginning of the infection or the beginning of the wave that your younger people would most probably be the most affected. and that these are what we're seeing. yes, it is a fast-spreading virus. but it's faster than delta, that -- the scientists will tell you that. all we know is -- are we overwhelmed in our surgeries at this point? no. >> no. okay. >> our hospitals over whemed? no. >> that's good information for all of us to know. just getting this information over the last couple days during the thanksgiving holiday here in the united states. doctor, i cannot tell

johnson and johnson? so it's, it's certainly significant, especially since it follows on the heels of a decision out of california last week that also rejected claims against johnson and johnson and other manufacturers under public nuisance theory. so if you're thinking about settling with johnson and johnson, those settlement offers look a lot more attractive in the wake of the california decision. and now the oklahoma decision, it's not significant in that it doesn't tell us how other states might come out on the same issue. because public nuisance law varies from state to state. but to the extent that this very narrow interpretation of public nuisance law by the oklahoma court, which was very narrow, narrow, or even a california court, that that would, that will affect other cases. emory, how much then does this ruling mark the later set back for state, some local governments who are trying to hold big pharma responsible for the opioid epidemic? i think it's a said back now just as a matter of the public nuisance law, but as a matter of what was said earlier, that 465000000 wasn't even enough to keep certain clinics open for a year. there's not enough money in

johnson & johnson. the panel determined johnson & johnson did not create a, quote, public nuisance, reversing a lower court's9 ruling. the latest court decision could be a major blow to lawsuits across the country which are trying to hold the drug industry accountable for the nation's opioid epidemic. >>> macy's is raising its minimum wage to $15 an hour by may. the department store chain says the move will bring its average base pay to above $17 an hour. macy's is also added an education program that will cover 100% of tuition, books, and fees. the move comes as retailers fight to hire and keep workers in an increasingly competitive labor market. >>> and a little guy who spreads christmas cheer is getting no love from a georgia judge. bah-humbug. the judge jokingly banned elf on the shelf in his district saying it's his gift to tired parents who may forget to move the elf every night. the dolls are supposed to move to a different location each night until christmas and help be the eyes and ears for santa to make sure children are behaving. anne-marie? >> can that judge come to my house and issue a ruling? b

week that also rejected claims against johnson and johnson and other manufacturers under public nuisance theory. so if you're thinking about settling with johnson and johnson, those settlement offers look a lot more attractive in the wake of the california decision. and now the oklahoma decision, it's not significant in that it doesn't tell us how other states might come out on the same issue. because public nuisance law varies from state to state. but to the extent that this very narrow interpretation a public nuisance law by the oklahoma court, which was very narrow, narrow, or even in the california court that that would, that will affect other cases. the federal issues involving the factors are not applicable to how a state would interpret its own public nuisance law and other states are free to and will be presented with the opportunity. if these cases don't all settle to interpret public nuisance law under their own states version of that law in future cases, there's not enough money in the united states, much less the settlements to a b o b with crisis. so both the removal of this money from the abatement plan for now, as well as the del

johnson & johnson. >> financial services firm raymond james. >> b.d.o. accountants and advisors. >> the john s. and james l. knight foundation. fostering informed and engaged communities. more at kf.org. >> and with the ongoing support of these institutions: and friends of the newshour. and individuals. >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: diplomats and negotiators from nearly 200 countries struggled to reach a global accord on reducing emissions to ease the impact of climate change. today was scheduled to be the last day of the so-called cop26 summit in glasgow, scotland, but word came this afternoon that deep disputes over financial aid, fossil fuels, and future commitments, meant the talks would spill over into saturday. top officials said it was important to keep negotiations going. franz timmermans represents the european union. >> the whole of humanity is in danger, and the ones who are in immediate danger are the ones living on small island states in the pacific and the ones in the caribbean, who is suffering every year with the weather becoming more and more erratic. so, i think there's a lot of people who are already suffering now. but the whole of humanity will be suffering dearly if we don't change our behavior. >> woodruff: william brangham is covering the latest on these lks, and files this report from glasgow on how this day has gone, and the issues that divide countries. >>rangham: athe scheduled last day of this summit began, glasgow's weather matched the mood outside. as attendees filed in, a few lone protesters stood watch. tom deacon came to encourage greater action, but he isn't hopeful. >> i'm 40 years old, and this has been going on since i was eight years old. this "process" behind us. we're here at cop26. this is why i've got a banner that says “how many cops to arrest climate change?” one should be the answer. like, we should not be here at cop26. and still, it's failing. >> brangham: inside the cavernous halls, negotiators worked all morning, wrangling over the precise wording for the conference's final joint statement. a draft version of that document, released early today, includes language urging countries to phase out the use of coal, and questions the need for billions of dollars in subsidies to fossil fuel companies. it was less clear about how much aid would be provided to the developing nations that are suffering the present-day impacts of climate change. saleemul huq is a bangladeshi scientist and researcher who's been to every one of these conferences. >> the last hours of the cop is where the final political horse-trading takes place amongst the ministers who are here in glasgow. and-- and some issues will go to heads of government. you know, mr. kerry will call mr. biden and mr. biden will call president xi, and they'll sort a few things out that have to go up to that level. always happens that way. >> brangham: many of the activists, crowded inside today, wanted negotiators thinking about the future, but acknowledging the present. miriam talwisa is an activist from uganda. >> the solutions coming out of here should be reflective of two realities: the effects and damages and losses from the change in climate are here today; and the future is unknown. >> brangham: benjamin ryan yawakie is an indigenous activist from minnesota. >> so much at stake given the situations we have in minnesota. a drought last summer, historic drought. we had a heat dome. the closing of the boundary waters canoe area. all these things are coming to a head, and it's coming to our communities. >> brangham: at noon, a planned walkout began. hundreds of civil society groups, n.g.o.s, and activists from all over the world marched out of the conference hall, en masse, all holding onto a long red ribbon. outside, they joined a large demonstration that had formed on the perimeter of the conference. the speakers, protesters, and signs all demanded action. at one point, the protest was joined by the so-called “red brigade,” a group of climate- minded street-performers. as the day wore on inside, some ministers and negotiators acknowledged their work was far from finished. >> the text is the bare minimum we need to walk away with. we need to hold the line. we owe our children, our grandchildren. >> brangham: the first minister of scotland, nicola sturgeon, said the world was watching. >> if it doesn't get across the line, it's only going to be because of a lack of political will, political determination, and political leadership. well, this generation of young people are watching. let's not let them down. >> brangham: the day ended as it began-- a small crowd of protesters outside, negotiators continuing their work inside. >> woodruff: and william joins me now. so, hello again, william. it looks as if these negotiations are going past the deadline. >> braude: that's right, judy. on some level, this is to be expected. this happens at a lot of these urn conferences. there are just so many details to get through. you mentioned some of them. the first and foremost is what's called the emissions gap, that is the chasm -- and it is a chasm -- between what nations pledged to cut with their emissions and what is needed to cut with emissions to get down to stopping the planet from warming an additional 1.5 degrees. that has been the whole goal. one minister today said that the target of 1.5 degrees is hanging on by its fingernails. another issue is the issue of subsidies and this is somewhere around half a billion dollars that governments all around the world give to oil and gas companies to subsidize their work and keep gas prices low. john kerry today referred to these subsidies as the definition of insanity, but the language in the draft report issued this morning is a little fuzzy on what we ought to be doing about those subsidies. and there is this issue of aid to the developing world. wealthr nations promised $100 billion but they have failed to deliver on that. according to their own reporting, they've failed by, say, $20 billion. ox fem estimates that's $80 billion they're short. so lots of issues to work out. >> reporter: we're seeing a consensus position on fossil fuels now seems to be softening, and we understand there's been difficulty even in getting this language in these agreements in the past. why? >> braude: you're exactly right, judy. it is striking that at the are at the 26th climate conference and there is still this intense debate about minuscule language changes ward fossil fuels. we know they are the prince the driver of climate change. one of the factor, and there are in many, is that the oil and gas industry is influential. global witness did an analysis and showed that the oil and gas industry has more representatives here than compared to any other contry. so their interests are being looked after and lobbied on behalf of. it's also important to remember this process all goes under consensus. there are 200 nations here and they each have to agree to this. so some nations that don't want to see progress made, they can hold the progress up and they have been. we'll see what happens. the next draft data, the next draft document comes out tomorrow morning at 8:00 a.m. >> reporter: into the weekend, william william reporting from glasgow. thank you. >> you're welcome, judy. >> woodruff: in the day's other news, longtime trump adviser steve bannon has been indicted on two counts of contempt of congress, after he defied a subpoena from the congressional committee investigating the capitol insurrection. meanwhile, former trump white house chief of staff mark meadows failed to appear for his depositi before the panel today, prompting calls to hold him in contempt as well. president biden has nominated dr. robert kayliff to head the food and drug administration. the agency has been without a permanent leader since the president took office in january, amid the strain of fighting covid-19 and rolling out vaccines. if confirmed, it will be kayliff's second time leading the agency. white house officials today estimate that more than 27 million americans have now received a covid-19 vaccine booster shot. that comes hours after colorado governor jared polis signed an executive order making every adult in his state eligible for a booster. that goes beyond current federal guidelines, and was triggered by the state's recent spike in covid cases. tensions are high on the border between belarus and poland, as thousands of migrants remain stranded trying to cross into the european union. russia sent paratroopers to join in military drills with belarus today, while poland and neighboring countries ramped up their security forces. u.s. secretary of state antony blinken said belarus' actions-- including those of its president alexander lukashenko-- were concerning. >> i am not going to preview or get ahead of any possible sanctions, but we are looking at various tools that we have. and of course, this is broader then the effort to use migration as a political weapon. it goes to the conduct of the lukashenko regime in belarus, and denying the citizens of belarus the democracy to which they are entitled. >> woodruff: the e.u. and the u.s. are preparing to widen sanctions against belarus, accusing president lukashenko of using illegal border crossings to retaliate against e.u. sanctions on his regime over human rights abuses. qatar agreed today to represent u.s. interests in afghanistan. the gulf nation will provide consular services for american citizens who remain there, and others who want to flee taliban control. the u.s. closed the american embassy in kabul in august. the biden administration estimates that several hundred americans are still in the country. a myanmar court today sentenced american journalist danny fenster to 11 years in prison with hard labor. the charges against him include incitement for spreading false and inflammatory information. he faces additional counts of terrorism and treason. human rights watch officials denounced the move, and warned that the country's military rulers have not been deterred by foreign sanctions. >> it's clear that danny is being made an example of, and what it shows is that the military junta do not care what the international community thinks. what it also means is that these targeted sanctions against senior officials in the military and the junta are not enough, and the international community needs to do more, and act, instead of, you know, just making these concerned statements. >> woodruff: myanmar's ruling military has arrested about 100 journalists since taking power in february. fenster's sentence is the harshest so far, out of seven convicted journalists. back in this country, a los angeles judge ended singer britney spears' conservatorship. spears now has control over her own medical, personal, and financial decisions, for the first time in 14 years. hundreds of her fans celebrated the decision outside the courthouse, cheering and dancing to her music. johnsonounced today that it is splitting into two blicly-traded companies. the division that sells band-aids, listerine, and over-the-counter medication will separate from its pharmaceutical and medical device business. the company says it hopes the shift will help them better serve consumers and drive profitable growth. for the record, johnson & johnson is a newshour funder. there are new signs of turmoil in the u.s. job market. the labor department reported a record 4.4 million americans quit their jobs in september. that is roughly 3% of the u.s. workforce. and, stocks edged higher on wall street today. the dow jones industrial average gained 179 points to close at 36,100. the nasdaq rose 156 points, and the s&p 500 added 33. still to come on the newshour: several high-profile athletes' resistance to vaccines highlights the nationwide divide a new book details the approach to the middle east of former secretary of state henry kissinger. a small, remote town in alaska connects to the intern

johnson & johnson to develop content attention plans for booster vaccines if needed. >> reporter: health officials say now is the time to get vaccinated or boosted. >> so natalie, a big question of course tonight whether the current vaccines protect against omicron. what are the health officials saying? >> reporter: and we know, allen, that that is still under review, but president biden said today that dr. fauci believes the current vaccines provide at least some protection against omicron, and that a booster shot significantly strengthens that protection, and the cdc just this afternoon actually stepped up its recommendation of booster shots for adults 18 and up, saying that in the time is ready, if it's been at least six months sense your two dose shot, or two months sense the johnson & johnson, adults should get the booster shot. before, allen, the language was just may get the booster shot. >>> while we wait for more details on that variant, health officials agreeing what people can do now, get that vaccination, get your booster. we have all of the resources for you on our guide that's posted rite now at kpix.com. >>> >> in san jose, a cyclist is dead after a traffic collision that happened near south baskin road near the 880 onramp this morning. you can see orange coning there. the driver stayed on the scene, and did not show signs of impairment. >> compelling and emotional testimony today from elizabeth holmes on the witness stand in her criminal fraud trial. len ramirez has more from the courthouse. >> reporter: for the first time in her four days on the witness stand, elizabeth holmes first broke down in tears describing how she was rained at stanford, and forced into sex by her business partner and live-in boyfriend. she cried and stuttered as she described

general electric earlier, johnson & johnson today. here is the drone story.next year. the company is called zip line. they have experience, they deliver the covid vaccine in africa by drone and medical supplies during the depths of the pandemic and looking to target patients that live within 50 miles of healthcare distribution centers. they are waiting for federal approval, pretty cool. stuart: it would have to be in the rural area, not ready to parachute drugs to the build new york city. that is for sure. dollar general offering same-day delivery. it starts today, 9000 locations across the us. most deliveries will arrive in under one hour. that's a developer to the delivery business and it is up 7.5% on that. miami coin generated $21 million since its launch three months ago. the mayor of miami says residents will get bitcoin dividends. we will explain it all next. ♪♪ when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a

so i wouldn't say that johnson and johnson know many other big pharmaceutical companies are off the hook. and in fact, big pharmaceutical companies are offering about $4000000000.00 to settle, always cases at once. but i remember i was there the day this judgment came down in oklahoma. and i met a doctor who run clinics of people who are hooked on these kinds of painkillers. and he said this kind of cash, even the 500 or so 1000000 was not enough to even keep those clinics running for a year. so they've certainly got away with it in this case in oklahoma, but as i said, there are almost 3000 other cases pending in other states and they are now bound to take a different legal direction. just a little background. if you wouldn't mind, andy briefly for our view as on the scale, not so much of the, of the litigation with the scale of the crisis in the 1st place. well, the center for disease control and prevention came out with the numbers between 19972017. around 400000 americans died and those deaths are all directly linked to opioids. this is a crisis that doesn't really pay much attention

johnson & johnson has announced it plans to split into two companies. one will focus on his consumer business, such as band-aids, and baby powder. the other will focus on pharmaceuticals. that division will retain the johnson & johnson name. it is unclear what the other division is going to be cold. that is expected within the next 2 years. >>> the next round of child tax credit payments is set to arrive on monday. s lief package. as part of the families can receive up to $3000 for each child. however, this could be the last payment, since it is only in effect for this year. democrats are currently negotiating a new package where it would extend the credit through next year. >>> coming up, how the supply- chain crisis is now impacting california not farmers. why the clock is ticking to move thousands of pounds of product point >>> you may want to check your fridge. a major recall to >>> there is a recall alert coming from trader joe's. the grocery store chain is recalling about 100,000 pounds of raw ground chicken patties missing the product may contain pieces of bone. the items being recalled, chili lime chicken burgers, and spinach feta chicken sliders. so between august 16 and september 29. if you want

lisa: also the idea that johnson & johnson has the inferior shot to combat covid, the idea that it'slation was not as successful as others from moderna and pfizer. how much does mrna development, the idea of trying to get on the cutting edge of biopharmaceuticals part of this as well? sam: i really don't think they are related. the j&j vaccine, the reason it not showing the same level of efficacy is simply because it is a single shot. everybody talked about it or get it was the right thing to do perhaps at the time for them, get this vaccine out, single shot, prevent as many deaths and hospitalizations as possible. but you can't just get away with one. it looks like you can't even get away with just two. i'm looking forward to seeing more information as they develop their vaccine platform. tom: the romance of the business , it has all drifted away into a modern competitive world. when does amazon show up to do the distribution of all three divisions? sam: for the prescription level pharmaceuticals, it is still going to be quite difficult. amazon is already there. i by my acid reflux

johnson. how does he feel about the vaccines, having worked forjohnson &johnson? johnsonmpany in our view. so he's not taking it. was tennessee more attractive because it is more conservative than the state of california? partially, yes. we kept thinking that the way california was going, it was getting a little crazy and getting very expensive. in what way was california getting crazy? various laws, education, i don't know. kids are inoculated for other diseases, but not enough is known about the covid vaccine yet. she is also unsure about the lack of research with masks. no one has ever worn masks for that many hours for that many days. i think it is a big experience. we have never done this before and ijust don't think we know the overall, long—term effects from it from mentally, emotionally, physically. ijust don't think we know. what we do know about covid keeps evolving. the centre for disease control says the approved vaccines are safe and effective and wearing masks indoors can help stop the spread of an outbreak but missteps and mixed messages from the white hous

johnson & johnson and moderna, that's the same. but the booster shot from moderna is about half the dose. pfizer and johnson & johnson is the same full dose. what about kids' vaccine? that one is one-third of the dose that's given to adults. so the dosage is smaller than moderna's booster shot which i just told you is only half. remember only people 65 and older can get a booster shot as well as those with underlying medical conditions and people who work in high-risk environments like at hospital or doctor's office. >>> if you have more questions about getting your kids vaccinated, head to nbcbayarea.com. click on covid-19 vaccine for kids. you'll find a full list of frequently asked questions and answers there. >>> let's go outside. a live look at the traffic cameras. a beautiful day today. look at that blue sky over the golden gate bridge. we had a break from the rain but we're tracking more wet weather headed our way tonight. chief meteorologist jeff ranieri is here with our hour-by-hour timeline. when can we see the first raindrops? >> i think later on tonight, into early tomorrow morning when we'll se

whole vaccine or better would we use that vaccine to the exclusion of the pfizer and moderna are johnson & johnson vaccine. it's not clearly better. pfizer vaccine as compared to the vaccine used in china looks like it's better than that vaccine. nonetheless they're using their vaccine. >> perhaps at this stage in the game are vaccine supplies are still he barely constrained, there is not much choice there. maybe things will shift once it's no longer such an issue. >> certainly this virus is going to be with us for a while. as more and more vaccines come into play has a regimented will be differences in capacity as more and more arise. i think were going to learn as we go and it plays out on an international level. >> i'm sure we will be learning a whole lot more there is no doubt. as you already mentioned we got so lucky, there is no reason to believe we would have such safe effective vaccines. we talk about how well they work effectiveness, does it prevent infection, does the vaccine prevent infectiousness, hospitalizations any disease. we have all of these myriad of outcomes that we think about

johnson & johnson says it will evaluate its own vaccine against the omicron variant. >> one of the morecron is it has 50 mutations, which is far more than the highly transmissible delta variant. vocal officials are taking a cautious approach with the new variant. a santa clara county public health officer in speaking with abc 7 news today said she is not changing course. >> with every new twist and turn in this pandemic including with the omicron variant, we will do what we always do, which is that we learn about it. we follow the signs. we adjust as needed. -- the science. we adjust as needed. >> she is urging people to get messed up, and to get there booster shot to wall street fruit -- there booster shot. -- their booster shot up your dow was up 236 point spared the s&p added 60. >> a big change at the top of twitter. co-founder jack dorsey stepped down today as ceo. he posted a statement on his twitter page writing after 16 years, serving in positions from co-founder to ceo, it was finally time to leave. he added he has worked hard to ensure this company can break away from its foun

johnson & johnson on contingency plans right now if those were to become necessary. this morning the president also defend his decision to restrict travel between the united states and south africa where the omicron variant was first detected. >> while we have that travel restrictions can slow the speed of omicron, it cannot prevent it. here's what it does. it gives us time. it gives us time to take more actions. to move quicker to make sure people understand you have to get your vaccine. you have to get the shots. you have to get the booster if you are -- sooner or later we'll see cases of this new variant here in the united states. we'll have to face this new threat just as we faced those that have come before it. >> as you reported this morning, overnight japan joined israel and morocco in banning foreigners from entering their countries. the world health organization is calling omicron a very high risk because it may be more transmissible. here's what we know so far. early data in the first cases shows it's spreading faster than other variants. however, the symptoms seem to be extremely mild, according to one of the first doctors to identify it. some symptoms are similar to the alpha and delta variant, but this new muitation seems to make people's throats feel more scratchy, rather than sore. there's been no reports of a cough or loss of smell. again, president biden reiterated this. you also heard it from dr. fauci that your best protection against omicron is to get fully evacuated and if you're eligible to get boosted as well. bob redell, nbc bay area news. >> good advice. bob, thanks. >>> pfizer and moderna's chief medical officers say that if a new vaccine is needed, its company can have it ready by early next year. they called omicron a dangerous looking variant but he said he's optimistic the company can fight it. >> i think we have cause to be hopeful. we've learned a lot about this virus in general. we've learned so much about how to deal with covid as well through simple measures and obviously through vaccines. but until we see how this virus now behaves in populations of older people, people with other co-morbidities, we really will not get a handle on exactly how severe the disease could be, i think. >> pfizer and johnson & johnson are also testing to see how their vaccines stand up to that new variant. >>> our coverage of this new mutation, the omicron, is on our website. we posted an explainer about the virus. we'll go to nbcbayarea.com, click on the story in our trending bar right at the top of the home page to find that. >>> twitter's ceo jack dorsey announced he's stepping down as ceo of the social media platform. he'll stay on the twitter board for the time being. his successor as ceo will be longtime twitter executive parag aguwel. dorsey said i've decided to leave twitter because i believe the company is ready to move on from its founders. my trust in paraga as twitter ceo is deep. his work has been transformational. i'm deeply grateful for his skill, heart and soul. dorsey is expected to maintain his ceo -- his role as ceo of square, the digital payments company. >>> new overnight, a south bay boutique. the latest score in a targeted retail robbery. dozens of people broke into the fix kicks ov

johnson & johnson is splitting up consumer sentiment falling amid inflation fears and tech stocks led by outsized gains and tesla pulling back 59 minutes left in the trading week. >> ahead on the show, disney hosting a streaming day following the disappointing numbers. we'll talk about it with kay koplovitz. inflation concerns weigh on consumer sentiment be a rise in prices hitting the luxury side we'll ask ceo marc metrick what he is seeing. >> let's focus on the big stories today. mike santoli is tracking the action and joining us is luis chen from canter fitzgerald. a nice end to a resilient week. >> the market broke stride we broke this streak that we coming into the week eight straight up days and the rest of it four straight weeks of a 1% gain if this is all it was to cool the market off it is as painless as it could get and barely curled lower from the top end of this path we have been on for six or eight months. up about 25% not including dividends. the record high intraday 4718 a week ago pretty

johnson & johnson one shot are eligible for a booster, regardless of age. but in recent days, health officials signaling all vaccinated americans can expect a green light for booster shots soon. >> it will be very likely that everyone will be able to get a booster within a reasonable amount of time. >> all right, so, let's get to stephanie ramos back with us again tonight. stephanie, there is some reporting tonight that this decision, that this time, pfizer boosters for millions more, of course, 18 and older now is what they're asking for, could actually come more quickly than the decisions we've waited for in the past. >> reporter: exactly, david. "the new york times" is reporting the fda is now expected to call for another advisory panel and will likely just authorize the request, possibly before thanksgiving. but tonight, we are waiting for official word from the fda. david? >> stephanie ramos leading us off tonight from nng new jersew >>> one more headline involving coe have and vaccines. nfl star aaron rodgers, in recent days, confirming he was unvaccinated, tonight, rodgers now saying he takes full responsibility to anybody who felt misled. here's abc's trevor ault. >> reporter: mvp quarterback aaron rodgers is playing defense tonight. >> i made some comments that people may have felt were misleading, and to anybody who felt misled by those comments, i take full responsibility for those comments. >> reporter: after testing positive for covid last week, the nfl superstar igniting a firestorm friday when he confirmed he was unvaccinated, claiming to be "in the crosshairs of the woke mob," and saying when he was asked about his vaccine status in august, this answer wasn't a lie. >> are you vaccinated, and what's your status on vaccinations? >> yeah, i've been immunized. >> reporter: in the fallout, health care company prevea ending its partnership with rodgers. and state farm insurance standing by the qb, but significantly scaling back his appearances in their commercials this past weekend. rodgers has also been eviscerated by some prominent athletes. basketball legend kareem abdul jabar writing, "aaron rodgers didn't just lie and threaten the health of those around him, he also damaged professional sports." and while rodgers is not only a top athlete, he expanded his already high profile this year by substituting as host of "jeopardy!" but tonight, saying he wants to get back to basics. >> i'm an athlete, not an activist, so i'm going to get back to what i do best, and that's playing ball. >> reporter: and rodgers says he's now feeling better but there's still a small responsibility he won't play this sunday. he still thinks the decision not to get the vaccine was in his body's best interest, but he says he knows not everybody is going to understand that. david? >> all right, trevor, thank you. >>> now to the investigation into that deadly concert in houston, the astroworld festi festival. eight people killed, many others injuries and some still fighting for their lives tonight. now the fire chief saying travis scott and others should have called an end to the concert. and tonight, new and troubling video here showing the crush of people. one person trapped in a pile of others, but still managing to dial 911 at the same time. an ambulance trying to get to the injured. you can see the flashing red lights. someone jumping right on top of it. and those images showing 18-year-old aiden cruz climbing a camera platform, pleading with the crew to get help. abc news tonight obtaining a copy of the operations plan. did it account for any possible crowd surge? we know dozens of lawsuits already filed tonight. and abc's marcus moore from houston again tonight. >> reporter: tonight, new videos from the astroworld music festival revealing just how tightly packed fans were near the stage to see travis scott. in their criminal investigation, authorities in houston are trying to figure out what led to the surge that has now killed at least eight people, all younger than 30. houston's mayor telling me every aspect of the disaster is under review. >> looking at the security operation plan, looking at where people were positioned, looking at how this whole area was designed. >> reporter: at what is now a crime scene, investigators today poring over mounds of personal belongings left behind. 50,000 people watched as scott hit the stage just after 9:00 p.m. friday. fans swarming to the front to see the rapper. concertgoers said they had very little room to move or breathe. this video shows him climbing a platform to plead with the camera operator to stop the show. >> i went up to him, you know, begging him because my friend's in that pit. it was just fear. >> reporter: these new images from inside a heap of trapped bodies shows concertgoers crying out for help. one person seen dialing 911. the show continuing until 10:10, nearly 40 minutes after police say reports of injuries started coming in. tonight, new documents obtained by abc news showing the festival's operations plans did not specifically account for a crowd surge. and that only the executive producer and festival director had the authority to stop the show. but today, houston's fire chief saying scott should have called an end to the concert once he saw what was taking place in front of the stage. >> if he notices something that's going on, he can certainly pause that performance, turn on the lights and say, hey, we're not going to continue until -- until this thing is resolved. >> reporter: it wasn't clear if scott was aware or informed or the severity of the situation. and 9-year-old ezra blount was trampled by the crowd. he's now in the hospital, fighting for his life. >> he's a small, innocent child. he didn't deserve that. he didn't deserve it all all. he's just coming into town to see one of his favorite artists. >> reporter: and david, officials here in houston are still fielding questions about whether this concert should have been stopped sooner. the mayor and police chief both said that abruptly trying to tell a crowd of 50,000 people to leave could have made things worse. david? >> all right, marcus moore tonight. thank you, marcus. >>> we turn next this evening to the trial of kiyle rittenhouse, the young man across state lines and took up an ar-15, saying he was showing up at police protests to protect businesses from those protesters in kenosha, wisconsin. tonight here, the new drone video shown in court. prosecutors say it shows hs rittenhouse turning and running. also tonight, what the medical examiner said, and what his response whe the defense. here's alex perez. >> reporter: prosecutors showing jurors today key new evidence in kyle rittenhouse's murder trial. tonight, drone video that kp sured the moments rittenhouse shot and killed joseph rosenbaum at close range. rosenbaum was shot several times. but today, the medical examiner who performed rosenbaum's autopsy testifying he believes the shot that killed him hit him in the back. >> if an individual is moving forward and they sustained that injury that entered by the groin and went to the hip, could that cause them to fold forward? >> that's possible. >> reporter: but the defense then disputing that notion, suggesting rosenbaum wasn't falling, but instead lunging for rittenhouse's gun, asking the medical examiner if that was a possibility. >> okay. if i was charging like a bull and diving, that would be consistent? >> it would be. >> reporter: rittenhouse looking away when jurors were showed graphic autopsy pictures today. prosecutors resting their case this afternoon. the defense calling to the stand others who say they were there to patrol the streets alongside rittenhouse. nicholas smith saw rittenhouse after the shooting, describing him as sweating and pale. >> he repeats, "i just shot someone" over and over, and i believe at some point he said he had to shoot someone. >> reporter: defense also calling joanne fiedler, who testified that rosenbaum made threats that evening. >> rosenbaum started shouting back at us that he's going -- pardon me judge for saying this and everybody else, but he was going to kill us [ bleep ] -- and cut our hearts out. >> reporter: and david, the jury today taking a lot of notes during that testimony from the medical examiner. it remains unclear if rittenhouse will take the stand. david? >> alex perez, thank you. >>> now to the news coming in tonight from capitol hill and the january 6th investigation. that select committee with ten new subpoenas. so, tonight, who is on that list and will they cooperate? here's our chief washington correspondent jonathan karl. >> reporter: the january 6th committee is zeroing in on donald trump's inner circle, issuing subpoenas today for close advisers who spent the most time with him in the white house. who saw and heard what he did right before and during the capitol riot. among them, some familiar faces. kaylie mack anmy, the former white house press secretary. she was pushing lies about voter fraud in the days after the election. >> there are very real claims out there that the campaign is pursuing. >> reporter: also senior adviser stephen miller, john mcentee, who just at 29 years old, became one of trump's most powerful and loyal aides. and molly michael, his personal secretary. today's subpoenas followed those issued yesterday for michael flynn, rudy giuliani's associate bernie kerik. and a woman named angela mccallum. citing this voicemail to a michigan state representative. >> you do have the power to reclaim your authority and send a slate of electors that will support president trump and vice president pence. >> reporter: the question now is whether those subpoenaed today and yesterday will actually testify. the answer to that may depend on what happens with steve bannon. bannon defied his subpoena. he's been held in contempt. if the justice department prosecutors him, the others will see that they could go to jail for failing to cooperate. if justice does not cooperate, the others will see there is no price to pay for defying congress. david? >> all right, jon karl back with us tonight. jon, thank you. >>> we're going to turn next tonight to your money and more specifically, to your car. we are in a red hot market right now and tonight here, the reason why. and this question -- is your car suddenly worth more than it was a couple of years ago? and if you leased your car, why you should look at that number in the lease they offered to sell it to you for at the end of the lease, it might be a deal now. abc's erielle reshef tonight helping to save your money. >> reporter: tonight, if you're looking to make some extra cash, you might start by looking in your garage. this dealer says this car is worth more now than when it was nw. >> a model like this two or three years ago was probably somewhere around $29,000, maybe $30,000. right now it's worth $34,000. >> reporter: you can make a pretty good profit on a used pc? >> you can make a good profit on a used car. >> reporter: used car prices have soared nearly 25% in the past year. part of the reason? the pandemic caused a shortage of semiconductors -- those chips essential to making just about everything, from toys to refrigerators to, yes, cars, work. before the pandemic, dealers had 3.5 million cars on their lots. by july of this year, that number had shrunk to just 1.2 million. the old rule that you lose 30% of your car's value once you drive off the lot no longer the case, at least for now. >> unprecedented. i've been in the car business almost 30 years, i've never seen anything like this before. >> we know this will shift at some point, but take advantage of the window while it's here. on those car leases, we know there's that precalculated number, they put it in writer offer, to sell you the car at the end of the lease and often people think it's not worth it, but now some of these cars are actually worth more than that precalculated price? >> reporter: that's right, david. if you are leasing your car and near the end of your lease, you may want to consider buying it from your leasing company. most of your contracts will allow you to buy that car at that prenegotiated price and normally it may not have been such a great deal, but in this market, you could turn around and sell your car for a profit. david? >> at the very least, it's worth checking out that number. erielle, thank you. >>> we do have a passing to note tonight. former georgia senator max cleland has died. he was 79. >>> when we come back here tonight, we're tracking that new coast to coast storm tomorrow, from the northwest into the rockies. rain, snow and winds gusting up to 70 miles per hour. and this system is headed to the northeast by thursday night into friday. we're going to time this out. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. what makes new salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and comes in original prescription strength. salonpas. it's good medicine. brushing only reaches 25% of your mouth. listerine® cleans virtually 100%. helping to prevent gum disease and bad breath. never settle for 25%. always go for 100. bring out the bold™ >>> tonight, our weather team tracking a new coast to coast storm. rain, snow and winds gusting up to 70 miles per hour, from the pacific northwest to the rockies. this system moving over the midwest tomorrow. then into the northeast thursday night. heavy rain then from d.c. to new york to boston through friday. colder temperatures returning this weekend. >>> tonight, the oklahoma supreme court reversing that state's historic $465 million opioid verdict. the court ruling a district judge went too far deciding johnsonjohnson helped fuel that state's opioid crisis. justices say the judge misapplied the public nuisance law. the case is the first of its kind to go to trial. >>> when we come back here tonight, paying tribute to a popular actor and his very long career. ou start when you're 45. coaching. new workouts. and screening for colon cancer. yep. the american cancer society recommends screening starting at age 45, instead of 50, since colon cancer is increasing in younger adults. i'm cologuard®. i'm convenient and find 92% of colon cancers... ...even in early stages. i'm for people 45 plus at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your provider if cologuard is right for you. ♪ helping them discover their dreams is one of the best parts of being a parent. one of the most important is giving them ways to fulfill them. for over 150 years, generations have trusted the strength and stability of pacific life. because life insurance can help pro

johnson up 1% after the health care conglomerate announced it will be splitting into two publicly traded companies names like band aid, neutrogena and lister listerine and the sed company will include the johnson & johnson names and pharmaceuticals and medalical devices. they have been inkthinking aboua break up for some time because it will bring tremendous opportunity to shareholders. >> where we see things going in the future fee feel right now is the time to make this kind of move and ultimately allow us to reach more patients and more consumers and have more innovation and execute in a much more focused wayp. >> trusts of elom musk selling $687 million of tesla stock yesterday. >>> and the ceo of bed bath & beyond saying that shoppers should start buying early and in person due to the country's ongoing pandemic supply chain problems i'll send it back to you i guess i should work on my list >> rahel, speaking of shopping early. google is gearing up by for the holidays and struggling to find its footing and ad dollars to amazon and google partnering with shopify i caught up with the company's president of commerce and payments bill ready who gave an update >> we've seen really great results from that

president biden said his team is already working with you guys at moderna as well as with pfizer and johnson & johnsonepare if updated vaccines and boosters are needed. how will that process work? >> we are obviously testing our vaccine now and can give booster doses. our clear advice at the moment is if people haven't been vaccinated get vaccinated and now the cdc today in fact broadened eligibility for everybody over 18 should now get a booster and the uk followed suit earlier today as well. so get boosted. i think we'll be able to see as we test these -- the vaccines now, and as we bring on some of these new variant specific vaccines as well, we'll be able to see whether they have effectiveness not only in the laboratory but in human beings as well. that should go relatively quickly and obviously we'll work very closely with governments and health authorities around the world. >> if you do determine that an updated vaccine or booster is actually necessary, how soon do you think that would be ready? >> i think we have a few levels we can go through. the first is to get vaccinated as i say. get boost

if you've gotten johnson & johnson, lab data shows switching technologies might be a little beneficialerence. it is probably negligible. >> you infectious disease specialists are doctors and your scientists, data scientists to some degree, i thought of you when i heard about the austria lockdown. you look at the measures by which policy matters should be taken up with respect to the infection. what does this make you think of, do you think they're doing the right thing or is there more in the way of lockdown and restrictions for us? >> the concern in austria, they're about 66%. we're in that range here as well. in this surge they're seeing hospitalizations go up, maybe not yet at the same rate as the past. i think lockdown need to come with a goal. what is your goal. what will happen at the end of lockdown that will change. you're maybe breaking chain of transmission during the ten days they're planning, and their goal, why i think it is smart to increasing vaccination levels, the goal is on the other side when people come out, more people will have shots. then you have a tenable polic