. >> reporter: michael strain is an economist with the american enterprise institute. >> it does notake sense to give direct checks to households who have a comfortable six-figure income and who haven't experienced employment loss. >> reporter: sharon parrot is the president of the center on budget and policy priorities. >> millions of people are out of work. we have millions of households struggling to put food on the table and pay their rent. >> reporter: lisenee lives in this two-bedroom apartment in new jersey with 4-year-old son ethan. >> now we're going to do letters. >> reporter: juggling school, pa when she's lucky, a few hours of legal work, running her own one-woman law firm from her bedroom, all while looking for a full-time job. >> when the attorney gets on the call, you have to be quiet, right? you promise? excuse me, ethan. >> reporter: food, once abundant in this home, now at times out of reach. >> most of the stuff in my fridge has been given to us by either my mom or my best friend. you know, even the little yogurts she gave to us. we do buy some of it. when we have

walk us through the stunning numbers, putting a big strain on the medical system. >> reporter: right, michael. that strain is evident, but some say the medical system is already in state of collapse. numbers are according to kyoto news survey, showing people waiting to go to the hospital or isolation center in 11 prefectures in state of emergency. in tokyo nearly quin tupled to 7,500 people waiting for space, more and more people dying at home. infectious disease expert explained to me those at high risk are supposed to go to hospital while those with mild symptoms are sent to isolation centers to avoid infecting family members and preventing community spread. now because of the strain, even with severe symptoms sizeable number of people are on the waiting list. this is coming as japan is dealing with a severe spike in covid cases, more than 360,000 total cases. tokyo, the government is urging people to stay at home, we are under a state of emergency but most say it's too little, too late, michael. >> how does this tie into the plans for the olympics? i imagine would add to people's concerns

joining me is austan goolsbee and a professor at the booth school of business michael strain is here ybe a fair way to say it, by the $1400 payments going out. i think you want to see more prec precision. i think we all want to see more precision. i'm thinking about the pitfalls of precision insofar as i was thinking over the weekend about what we're seeing in certain states about getting the jab, about getting the covid-19 vaccine and all the precision that was planned and the problems, the bottlenecks that created. maybe it's wasteful. maybe it changes the line jumping and whatnot, but maybe when it comes to sending out this money the quickest and easiest way is just to do it and know that maybe you're spending a little too much or a little extra to make it happen. >> yeah. so i'm not worried about spending too much or a little extra. i think we want to err on the side of, you know, thinking we're doing a little bit too much instead of a little bit too little the issue is the nature of what we're doing. so president-elect biden i think is admirably focusing a lot of the policies in

. >> yeah, that is right, michael, the uk strain be in particular is probably the one that we know thehile it's definitely more infectious, it does not seem to cause more severe disease. but because it is more infectious, because it passes more easily from one person on to another. you end up with more infections and cases and who hospitalizations and deaths. so in a sense it's more deadly by the fact that it spreads more. we don't have evidence yet that these new variants can evade the immune system is response to the vaccines that we have. but that is still being studied. >> yeah, it certainly is a worry. you mention the biden plan to get a million vaccinations a day. a lot of people said that is am ambitious us, what needs to happen as we see the roll-out not going smoothly so far? >> unfortunately up to now, there's not really been a plan for distribution, it was really just a plan, operation warp speed was really just a plan for a research and development and manufacturing of vaccines. but what we have now moving forward is going to be a real partnership. a partnership between the

the 2nd way the steep increase in coburg related deaths is also putting additional strain on burial sites this is michael in cemetery it is cutdowns oldest and largest burial site that's we met on $135.00 u.s. casualties of world war one and world war 2 a baby is also the final resting place of those who succumb to the smallpox epidemic in the $8100.00 it's actually that epidemic that led to its construction now nearly a year from south africa's 1st reported cut out of this case they are growing fears that this place would see that not a space for victims of code 19 government officials have confirmed they are down to their last dedicated area for those killed by covert at 2 of the biggest grave sites but they say they are prepared for any eventuality. if it's in the 1st way a number of last images were identified if needs be. to be accommodated it's important for me to add that. is not that we would like to make use of it's a tough situation and while some are able to give their loved ones a dignified sendoff others are left to wait and wonder if they'll be able to do the same items al-jazeera that done

tell us about the survey and the strain on the medical system. >> reporter: right, michael. rom these numbers that the medical system is under strain and some health experts are saying it's already in a state of collapse. so this is according to a kyoto news survey that found at least 15,000 people are now waiting for a hospital bed or waiting for space at an isolation center. and this is just for those 11 prefectures in japan that are under a state of emergency. and these numbers have soared in the past month. in tokyo, the numbers have nearly quintupled to now more than 7,500 people on a wait is list. michael, this means that more and more people are now dying at home. an infectious disease expert in japan told me that high-risk people, which would include the elderly, those with severe symptoms, are supposed to go to the hospital while those with mild symptoms are supposed to go to an isolation center to avoid infecting others in the community and their family members. but now because of this massive strain we're seeing on the medical system, even a sizeable number of thos

we just need to make sure we are very vigilant about the strain that exists and vigilant -- michael: expert -- tom: the expert in veterinary medicine from greece one of the most important voices on vaccine in the world speaking at our year ahead conference. right now, and for may be those of a certain vintage, the interview of the day. barry ritholtz has been a student of wall street. he knows it is cyclical. the way the game is played is things change and then there is a new sec commissioner. that is where we are. that is where we are right now. barry, three times in the last week, once for me and twice for two other people, i have heard a citation of s.e.c. 33 and 34. what does gary gensler have to do to rein in some of the speculative excesses we are seeing now? barry: i am not sure that is his charge. the sec does not guarantee that you will make money or you will not lose money. their job is to guarantee a fair playing field and to take the cheaters away. you will see a greater emphasis on companies being more honest in their disclosures, a renewed emphasis on fighting insider t

wanted to go, i think he would have, i think the fact he didn't reflects that strain and that change. >> thank you, michael in the very back center, please, with walter. >> would you find it fair to say that winston churchill was probably the finest foreign secretary that britain ever had, at least in the 20th century, since it's the only major office he never held. >> he never held, somewhat to his frustration. he wanted to be able to say he held them all. when he returned to office as prime minister his focus then was almost entirely on foreign affairs. and anthony eden who returned as foreign secretary under him and was his heir apparent was often very ill, had to travel to the united states for surgery. and churchill considered just appointing himself foreign secretary and then going and working out of the foreign secretary's office, which is much, much grander than the place where the prime minister works. ultimately he didn't do it, but the fact remains that both in his undying belief in personal diplomacy and his almost exclusive focus on foreign affairs and the cold war during a second premiership,

the 2nd way the steep increase in coburg related deaths is also putting additional strain on burial sites this is michaelin cemetery it is cutdowns oldest and largest burial site that's we met on $135.00 u.s. casualties of world war one and world war 2 a baby is also the final resting place of those who succumb to the smallpox epidemic in the $8100.00 it's actually that epidemic that led to its construction now nearly a year from south africa's 1st reported cut out of this case they are growing fears that this place would see the amount of space for victims of code 19 government officials have confirmed they are down to their last dedicated area for those killed by covert at 2 of the biggest grave sites but they say they are prepared for any eventuality. if it's in the 1st way a number of last images were identified if needs be. it is important to me to add that mysterious is not an option that we would like to make use of it's a tough situation and while some are able to give their loved ones a dignified sendoff others are left to wait and wonder if they'll be able to do the same adams al jazeera. israe

vaccinated as public health officials are expressing new concern about the strains, these new variants of coronavirus. joining us now, michaelhome, the director of the center for infectious disease research and policy at the university of minnesota and informal coronavirus adviser to the biden administration. always a pleasure to have you on. hospitalizations going down. new cases going down. why then are you so concerned about what you're seeing? >> well, two issues. first of all, know this term. shifting base lines. remember what happened in april and we were at 72,000 -- excuse me, at 32,000 cases a day and we thought the house was on fire, couldn't get worse and we went down to 20,000 cases a day and memorial day. but then it jumped back up to 70,000 cases a day in july. came back down to about 26,000 cases on labor day and then jumped to 200,000 cases at thanksgiving. came back down to about 150,000 and then it jumped to 300,000 cases in early january. now down at about 150,000 again. see the trend there? every time the highs get higher and the lows just stay high or higher. and what we're now going to see are these new

michael osterholm, part of the incoming biden administration's coronavirus task force, is talking about the new, more- infectious strainnd in at least eight states. >> it is going to get much worse before it gets better. >> reporter: pfizer and biontech announced their vaccine appears to protect against the new strain. today, president-elect biden said he would speed up vaccine delivery by releasing nearly all available doses now, rather than holding back the second dose the approved vaccines called for. >> i'm committed to get 100 million shots in people's arms in the first 100 days. >> reporter: but production would need to ramp up to supply enough second doses. so-called mega-distribution sites are being set up in texas, new jersey, and pennsylvania. in california, military teams are now helping some overwhelmed hospitals. and in new jersey, 25-year-old army veteran joe dalton and his wife, melissa, shared their cautionary tale. he caught covid, but was considered too young and not sick enough for a hospital bed, until it became a medical emergency. >> and i think that just shows you know, how overwhelmed out health

michael moore. our guest tonight. coming up for us, the people working under the strain of chasing down the latest strain of coronavirushe u.s. and we have a look at what we might be in for. >>> just when you think the news on the pandemic front couldn't get any darker, the cdc is warning the highly contagious new mutant strain could become the dominant strain here in the u.s. by march. it's believed to have originated in the uk. it's already been tracked to at least 14 of our 50 states. tonight our chief foreign correspondent richard engel brings us a rare look inside the lab that is trying to track it across the globe. >> reporter: covid is ravaging brazil. hospitals running out of oxygen. deaths rising because of new covid mutations. today the uk, already struggling with its own highly contagious variant banned nearly all travel from south america. i went to the uk's main sequencing lab near cambridge, leading the world in hunting for variants. robots here select covid positive tests gathered nationwide. the virus is fed into machines that reveal its genetic code and if the code has changed with a mutation. dr. naom

michael moore. our guest tonight. coming up for us, the people working under the strain of chasing down the latest strain of coronavirushe u.s. and we have a look at what we might be in for. with new rewards from chase freedom unlimited, i now earn even more cash back? oh i got to tell everyone. hey, rita! you now earn 3% on dining, including takeout! bon appetit. hey kim, you now earn 5% on travel purchased through chase! way ahead of you! hey, neal! you can earn 3% at drugstores. buddy, i'm right here. why are you yelling? because that's what i do! you're always earning with 5% cash back on travel purchased through chase, 3% at drugstores, 3% on dining including takeout, and 1.5% on everything else you buy. chase. make more of what's yours. nicorette knows, quitting smoking is hard. you get advice like: try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette robinhood believes now is the time to do money. without the commission fees so you can start investing today, wherever you are — even hanging with your dog. so, what

michael osterholm if i got this right. in this situation, if you have 50% more deadly strain, variant, that would lead to 1.5 times more deaths but what is interesting to this point is that if it's more contagious, not necessarily more deadly, because it will spread so much more and increasingly affect vulnerable populations, make more causal encounters more likely to result in infection, within a month, six generations could lead to a lot more deaths. that's the concern. >> so that's interesting. even if technically the variant is not more deadly if it's more cont contagious, it will end up being more deadly? >> absolutely. sanjay laid it out nicely now. >> professor, you're putting the pandemic into terms all of us can understand. i'm certainly not a sports expert but there are nine innings in a baseball game. what inning is this pandemic in? >> i still think we're in the bottom of the third, top of the fourth. you know, i worry the next six to 14 weeks could be the darkest weeks of the pandemic. you know, we're down to 150,000 cases a day, which seems down, remember when 70,000 or 32,000 cases a day seemed high. and if thi

strain. as a market participant, do you have to hedge the possibility of what we will see over the next months? michaeli think you need to realize that the covid affect has accelerated the global goods economy. when i am talking about commodities, i am sensitive -- i'm not sensitive to vaccination, i'm not sensitive to governor cuomo's proclamation about how many people can eat in a restaurant. i am sensitive to the global goods which have started to accelerate. i think there is a big difference between the service economy and the durable goods economy. they are different drivers. one has been really depressed. u.s. durable goods spending -- the cost of housing more than anything else -- collapsed. lester you had a 15% increase through november -- last year you had a 15% increase through november. that is something you don't see in a normal year. tom: -- francine: will inflation take hold in 2021? inflation we have been expecting? michael: i think we will get a headline rebound. the weakness from last year will fall out. i think the flexible part of the cpi will be strong next year. whether or not the

to come i'm going to michael also stressed that the data was a bit shaky that they had to decide on and that were grave concerns particular king towards person where this new strain of the virus is far more contagious than the corona strain that is currently seen mostly in germany so big concerns looking into the future and that's why this goes beyond those appeals we saw before christmas that there now will be also legal measures in place essentially forcing people to give up those contacts restricting even more how many people can gather only one guest can come round for tea basically visiting one family and also once again the appeal to that already stricken economy here to employers to let people work from home in 3 weeks there will be the next gathering and clearly it's not being ruled out that we could see yet more restrictions put in place. it can occur for parts of britain where i have a prime minister barak's jobs and has knowledge that people across the u.k. are making another huge sacrifice as a new lock down takes effect people in england are under a stat home order that will last for at least 6 weeks scotland wales and northern ireland are also impos

michael minnesota. welcome back to "meet the press." earlier this week, you and i spoke about this current race against these mutant strains and about thecine distribution. you seem to -- you said something that really stuck with me. so i want to show this screen. this is the efficacy rate of the first doses of the vaccines, moderna at 80%, johnson & johnson 72%, pfizer at 52%. again, all the first dose efficacy rates. do you believe we are now at a point where we may have t an audible here on how we distribute the vaccine? >> well, first of all, let me just say that i have been one of those saying we need to make sure we have both first and second doses and follow the fda approval process. but let me say right now we have to call an audible. i think it's no doubt about it. the fact is that the surge that is likely to occur with this new variant from england is going to happen in the next six to 14 weeks. if we see that happen, which my 45 years in the trenches tell us we will, we'll see something that we have not seen in this country. england is hospitalizing twice as many people as we are at our highest number. we know if we look at o

vulnerable children are suffering from neglect, domestic and sexual abuse and the strains of lockdown, the charity says. michaelostering a child very old boy during the past locked down in england. what was that like for young boy? ii locked down in england. what was that like for young boy?— that like for young boy? if you think, that like for young boy? if you think. when — that like for young boy? if you think, when i— that like for young boy? if you think, when i listen _ that like for young boy? if you think, when i listen to - that like for young boy? if you think, when i listen to the - that like for young boy? if you i think, when i listen to the news that like for young boy? if you . think, when i listen to the news a lot, a lot of families are struggling to try and see their families, people that are not in care, and i am hearing on the news, at christmas time, people were desperate to see their family, this is what i am hearing from people who are in care, that is the biggest struggle. 0ne are in care, that is the biggest struggle. one of the things that children in foster care might have to go throu

strains grown up her. own objective for america is to share with her find beautiful. delivery books on youtube. hi there thanks for joining me on this very. ng 7 percent sure i am michael and. this is going to be a great special show. so here's what's coming up. we meet one of germany's best female fans and talk to. the passionate football fans in south africa. and he will talk to one of dan is. someone. we can call. first is becoming popular among young people in the country with many of them using it to improve their lives let's find out more in this report. and the best along mentor and also. a lot of. so i also weighing. fencing a sport that is still relatively unknown in kenya here in nairobi is only practiced by about 75 fences but coach steve is on a mission to ensure that the sport is recognized. fencing come on. fencing is a new sport in kenya but now it's slowly becoming widespread and this makes me have to video. it more stadia you know but you can see from my trainees it does help them a lot and that's changed their lives and when we started with them they did not have shoes then but today they do have shoes then on a year to. run on may change a key and th

strains have been found to be more infectious. >> we're joined by a member of president-elect joe biden's coronavirus advisory board, michael osterholmor infectious diseases and research and policy at the university of minnesota. michael, good morning. thank you for coming back. we appreciate you being here again. >> good morning. >> good morning. >> thank you for having me. >> is president-elect biden's goal to distribute the doses in his first 100 days still achievable given how much trouble we are having getting this vaccine into people's arms? >> well, i would call it an aspirational goal and one i think we must strive for. we know every day we don't have vaccine in people's arms, people are getting sick and dying. so i think every effort must be made to do that, and, you know, the team is behind him in every way they can to help make it a reality. >> michael, on this broadcast before you praised the efforts of operation warp speed in getting us a vaccine. but you were very concerned about the last stretch. why are we having so much trouble in distributing this vaccine? >> well, anthony, as you said, i've been very concerned for

resistant strains emerging and also poses problems for those countries where they emerge particularly in sub-saharan africa but also for the high income countries like the u.k. as well thanks very much michael had senior research fellow in global health at university of southampton things in the netherlands say they've arrested around 30 people and sent hundreds more hurt and they dispersed an anti curfew demonstration in the capital amsterdam but there was no repeat of the rising that's taken place since the nighttime curfew was imposed last week and a step lawson reports from amsterdam it was one of many similar events taking place across europe. protests started cheerfully in front of the x. museum in amsterdam hundreds of protesters gathered to demand the government is locked down with strict chanson lift a curfew the 1st in the country since world war 2 the nat'l into a population of 17000000 has had nearly 1000000 infections since the start of the pandemic and around 15000 deaths there is a disease you are not denying anything but the rules are destroying lives economy suz are to going up it's a disaster the threat is that we lose our freedoms freedoms restored for a long time and we

michael levin, we appreciate it. >> thank you very much thanks for the call. bye-bye. >>> coming up the fight against covid-19 lab corp. helping the cdc track coronavirus mutations as new strains.s. we will discuss with the ceo of lab corp. when "closing bell" comes right back will pick up b. will pick up b. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. - ( phone ringing )es offers - big button,lized phones... and volume-enhanced phones.nes. get details on this state program. visit right now or call during business hours. and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program visit right now or call during business hours. >>> welcome back time for a cnbc news update with sue herera hi, sue. good to see you. here's what's happening at this hour, everyone in his first public appearance