. -- captions by vitac -- >>> hello and welcome to "street signs" i'm karen tso, these are your headlines today the world health organization says the global risk posed by the omicron variant is very high and urges member state to ramp up their vaccination programs. >> let's hope this is a dress rehere sal, because unless we move on vaccine equity, the virus will really develop something we are struggling to get ahead of. >> european markets bounce back from friday's selloff, with travel and leisure leading the way. wall street also looking to open in the green pharma jumps and moderna said it could have a new vaccine ready by early 2022. >>> japan announces plans to close its borders to foreigners on tuesday amid the spread of omicron but the supply chain squeeze is easing. >> it still are getting better by better step by step but we need to carefully to monitor and how to make sure we can have our business continue to plan, as an industry how we can support each other with a partnership is going to be very important >>> european stock markets are open for the monday trade and it's certa

. >>> good morning and welcome to "street signs," i'm karen tso. these are your headlines european stocks selloff and futures plunge as the world health organization called an emergency meeting over a new covid variant found in soeuthern africa >>> travel tank says the european union, singapore, israeli ground flights from the region the uk's move to put six nations back on the red list is rushed and that it's seeking a reversal >>> brent breaks below $80 a barrel amid new supply concerns. >>> and from french fishermen threaten to block the channel and port in protest of uk fishing licenses >>> the world health organization has called a special meeting today to discuss a new covid variant found in southern africa. the new strain has a number of de mutations and hasbeen only detected in small numbers. they're mornitoring it. the uk has banned flights from six countries in south africa as a result of the strain the precautions were brought in from having the new variant hindering the recovery. >> the early indications we have of the variant is that i

the markets and the headlines surrounding the omicron variant we have matt taylor in singapore, karen tso in london. and alice barr is in washington d.c. let's begin with you, matt and what happened in the overnight trade in asia. >> it was an interesting session because the asian markets got off to a weak start tracking the performance you were talking about friday state side. but then as we saw the u.s. futures begin trading lifting a number of markets off the lows however we did see a negative session across many of the markets. it wasn't enough to pull the markets into positive territory and we had declines in the order of 1.5, 2% for the japanese market hong kong down, korea down by 1% the shanghai ending the day essentially flat let's take you to the japanese market, this was the biggest decliner we saw. the nikkei 1.6% lower. you were talking about that flight to safety, a lot of money going into the japanese yen we saw that strengthen, which is, of course, damaging to the stock market there given the large export component, so the dollar yen trading around the 1.13 level. we had n

for more on the business news you need to start your day or week, let's bring in cnbc's karen tso.on black friday following news of this new covid variant. tell us what drove the sharp selloff on kwal street and what we might expect this week. >> jonathan, good morning you do. it was a shortened trading session on friday, and there was a lot of selling that took place during that session. some of it was done by computers, because, don't forget, a lot of humans tried to enjoy thereaftering this year, seeing family and friends. it will be a very important session playing out today. already we're looking like we may call back losses when you talk about the loss of 900-plus points. you look at the dow and the other market, the nasdaq here, because you may have expected some of those pandemic winners, technology stocks to pick up some of the action on friday's trade. they did not. typically when you get a risk assessment like this, they sell off initially. we could be talking about old interest rates and pre-pandemic plans. even here in europe we're seeing a pickup in the green. banking

cnbc's karen tso live from london.minute, karine jean-pierre joins me to discuss the president's decision to renominate jerome powell as the chair of the federal reserve. >>> as we go to break a look that date in history. 50eers ago president johnson issued his first presidential proclamation and appointed november 25 a day of national mourning following the assassination of president john kennedy. >> i will appoint november 25, the day of the funeral service of president kennedy to be a national day of mourning throughout the united states. ros . and we need more time. so, we want kisqali. living longer is possible and proven with kisqali when taken with a nonsteroidal aromatase inhibitor in premenopausal women with hr+, her2- metastatic breast cancer. kisqali is a pill that's significantly more effective at delaying disease progression versus a nonsteroidal aromatase inhibitor alone. kisqali can cause lung problems or an abnormal heartbeat, which can lead to death. it can cause serious skin reactions, liver problems,

. >> and certainly things can you do in europe that you could not do here in the united states karen tsondon, thank you for the latest on the pandemic still on deck for the show adele flexing her mic, getting spotify to hit pause on the shuffle button details on what that means and the other top trending stories are coming up. >> announcer: today's big number $198.8 billion that's the total amount of bonds issued by oil and gas companies in 2020. a new record, according to data from deal logic. that's up 60% over the prior year and more than double the 20 year average t never holds you back. don't settle for silver. #1 for diabetic dry skin #1 for psoriasis symptom relief and #1 for eczema symptom relief. gold bond. champion your skin. it's another day. gold bond. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anyt

narr let's bring in cnbc's karen tso live from london. markets look to extend their run.l street on this brief thanksgiving holiday week? >> jonathan, good morning to you. it's all about the turkey and the cost of the bird and this time at what is a shortened holiday week. the markets are closed on thursday and half day of trading on friday. the markets have been stressing about inflation, the cost of goods and services. so a take on the labels of promotions and discounts on black friday will be quite crucial to the markets. you mentioned earlier the fed pick and how the central bank will deal with the price hikes, which will be quite important in the next couple of years some of the pick for the next fed chair will be crucial to the markets whether it's biden or the more dovish pick in brainard. one issue has been covid with europe in lockdownsdown. that's a condition. >>> airlines are hoping all of us will not be just frequent flyers as the holidays approach but also frequent spenders on our airlines cards. what does that mean? what flyer rules are changing for everyone

and lockdowns and those changes led to protests in vienna, brussels, and amsterdam this weekend karen tsoas a breakdown. this was across a lot of capitals. >> reporter: you're right. but the epicenter of the crisis is austria, which entered its fourth lockdown. people have been asked to work from home while all nonessential shops will be closed according to the chancellor, the lockdown would run for a maximum of 20 days the question is whether this gets extended, of course you may recall just last week that austria declared it would make vaccines mandatory for adults, an extraordinary step. all this as many cities in this europe had been rocked by protests against expanding covid measures in belgium protesters clashed with police after tens of thousands gathered in a march. a third day in the netherlands followed by violent scenes and more gathering in amsterdam. and italy and rome large crowds gathered to the objection of enforcement of covid passes. looking at europe as a coalition as we talk about austria being the epicenter, there's been a lot of covid vaccine skepticism, compared to