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Former President Barack Obama and former Vice President Joe Biden were reunited Monday, when they went out for lunch at a Washington, DC, bakery.Obama and Biden spent about 45 minutes at Dog Tag Bakery in Georgetown. The bakery runs a fellowship program, now in its eighth class, that acts as a "living business school" for veterans, military spouses and military caregivers, Dog Tag CEO Meghan Ogilvie told COVER/LINE. Professors from Georgetown University teach fellows, who can earn a certificate of business administration from Georgetown University's School of Continuing Studies. 593
For the first time since July, the White House’s coronavirus task force delivered a briefing on Thursday as cases reach record levels throughout the US.President Donald Trump did not participate in Thursday's news briefing. The president has not had any public events this week. The coronavirus task force encouraged Americans to remain vigilant and practice social distancing guidelines as the virus spreads throughout the US.Dr. Anthony Fauci, the federal government’s top infectious disease expert, said that the “cavalry is coming.” He said recent developments of a pair of vaccines showing an effectiveness of 95% should give Americans confidence to get a vaccine once they become available.“The process of the speed did not compromise at all the safety nor did it compromised the scientific integrity,” Fauci said. “It was a reflection of extraordinary scientific advances in these types of vaccines which allowed us to do things in months that actually took years before but I really want to settle that concern that people have about that.”While the tone from the White House coronavirus task force was against lockdowns, states across the country have reimplemented some shutdowns of and limits to businesses. Notably, much of California will go under a curfew nightly from 10 p.m. to 5 a.m."We will be getting vaccine doses to people who are high priority at the end of December," Fauci said. "We aren't talking about shutting down the country. We are talking about locking down. We are talking about simple public health measures that we all talked about mask wearing, distancing, avoiding congregate settings, doing things to the extent that we can outdoors versus indoors and if we do that we'll be able to hold things off until the vaccine comes."Vice President Mike Pence says that the US will have 100 million doses of a vaccine ready to begin distribution as soon as an emergency use authorization is granted. General Gustave Perna, who is leading the government's distribution efforts of a vaccine said that when an emergency use authorization is given, the first doses of a vaccine will be distributed within 24 hours. Pfizer says its vaccine candidate could seek emergency use authorization from the FDA as soon as Friday.Distribution will be a challenge as the leading coronavirus vaccines have to be stored at extremely cold conditions.Perna said that the federal government is working with states on setting up places for a vaccine to be availble. The vaccines can be distributed from hospitals down to a local Walgreens or CVS. "We will distribute the vaccine accordingly," Perna said. "We want the vaccines at the places where the American people are comfortable; at our hospitals, our doctors offices, CVS, Walgreens and the health care facilities, places where people are comfortable going. That's where we started"Thursday’s briefing comes on the same day that the CDC urged Americans not to travel for the Thanksgiving holiday and asked Americans to only celebrate the holiday with those in their household.Earlier this week, task force member Dr. Scott Atlas criticized public health experts for advising Americans not to celebrate Thanksgiving with family. Atlas’ stance is an outlier among experts.On Wednesday, the number of coronavirus-related deaths since the start of the pandemic passed 250,000 in the United States. On Wednesday alone, more than 1,800 deaths were reported throughout the US, marking the most in a single day since the spring. 3488
Forget the diamond, the most intense Major League baseball smack talk is happening on Twitter.Especially when it comes to the Milwaukee Brewers needling their rivals. After several teams canceled Sunday’s games because of snowy conditions, the Brewers posted a photo of Miller Park with the caption, “Not having a roof on your home sounds miserable in this weather.” 384
FLORIDA — Schools across Tampa Bay will see noticeable changes to security during the final days of school following Friday's deadly school shooting in Santa Fe, Texas.HILLSBOROUGH COUNTY 195
Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.The Dow surged on the news and closed up 600 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well.Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year."Our gradual pace of raising interest rates has been an exercise in balancing risks," Powell said during a speech at the Economic Club of New York. "We know that moving too fast would risk shortening the expansion. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation."Powell noted that rates remain relatively low and that they are just below what many economists consider "neutral for the economy -- that is, neither speeding up nor slowing down growth."Investors seemed to interpret Powell's comments as a sign that the Fed, which is widely expected to raise rates again at a meeting next month, may now only hike rates once or maybe twice at most in 2019 as opposed to earlier forecasts of three or four hikes.The Dow's most cyclical stocks were among the biggest gainers. Shares of Boeing (BA), Caterpillar (CAT), Microsoft (MSFT) and Apple (AAPL) helping to lead the rally.In fact, only four Dow stocks -- Verizon (VZ), United Technologies (UTX), DowDupont (DWDP) and Procter & Gamble (PG) -- were trading lower Wednesday afternoon.Matthew Cheslock, a trader at Virtu Financial, told CNNMoney editor-at-large Richard Quest on "Markets Now" Wednesday that the market interpreted Powell's comments as meaning that we are "closer to normal rates. I think that was what really sparked the market to go higher."Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well.Powell's comments may assuage concerns about the Fed possibly going too far with rate increases, a criticism leveled by President Donald Trump.But Tobias Levkovich, Citigroup chief US equity strategist, told Quest that the market may be overreacting."I'm not dancing or partying right at the moment," he said, adding that the Fed has talked about gradual rate hikes "for a very long time." "Maybe [the markets] were just worried it would be worse," Levkovich said.To that end, Trump, who chose Powell to replace former Fed chief Janet Yellen, has often bashed him and the Fed on Twitter and in interviews for the rate hikes.In fact, Trump attacked Powell again in a Washington Post interview Tuesday, saying he was "not even a little bit happy" with Powell and that the Fed was making a mistake with so many rate hikes.Trump even added that sometimes decisions he makes with his "gut" matter more than what other people's brains tell him.Whether or not investors were using their guts or brains when deciding to jump back into stocks Wednesday remains to be seen. But it's clear that the bulls were back in charge on Wednesday."Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.The-CNN-Wire 3545