SYRA MADAD, NEW YORK CITY HEALTH AND HOSPITALS: Well, travel bans are more political move, right? How does someone - how does the medical community, the scientific community come up with this sort of determination?ĭR. Syra Madad.ĭoctor, it's so interesting that we have these travel restrictions, and you have the rest of the world sort of a mixed bag, right? Some nations are completely locking everyone out of their nations and others haven't made this decision. I want to get the read on that from NYC Health and Hospitals special pathogens senior director Dr. So how serious is the threat from this particular variant? But this introduces the point of what the term fully vaccinated will mean as the variant spreads. And he urged adults to get the booster as a primary path to stop the spread of Omicron. And Israel, Japan, Morocco, they're all banning entry to foreigners, while Australia is delaying their reopening by two weeks.Īnd the president's remarks this afternoon raised more questions of what may be coming. has started restricting travel from South Africa and seven other African nations starting today. health officials warn it may already be in the United States. The new Omicron variant is being found in many, many countries. ![]() Well, even though officials and experts are urging people not to panic, concern is growing. restrictions have kicked in for eight African countries today.įOX Business Kelly O'Grady is at Los Angeles International with the very latest - Kelly. PAYNE: President Biden says he doesn't expect additional travel restrictions due to the new COVID variant, Omicron, but - at least not at this moment, this as U.S. ![]() Kenny - Kenny and Ann, thank you both very much. Where the hell did four million workers go? Until we resolve that mystery, I'm not going to be looking at these short-term indicators as a sign that the market is back in equilibrium quite yet. You have got labor force participation that's dropped. Where I'm still mystified by is, you have still got four million people missing from the work force. But do you see some more normalcy, that people are going to go out, start taking those jobs, and maybe the economy gets back to a place where there's equilibrium and we understand what the heck's going on?īecause 11 million jobs have been begging for a few months.īERRY: Yes, I think that we're still going to see another strong jobs report, Charles. But there was a point where we were promised a million jobs every single month. I get less than a minute to go.įriday is the jobs report. And that's going to create the turbulence ahead. But I think when January, February comes, suddenly you're going to see a change in that narrative. ![]() ![]() I think they're going to try to hold the status quo. I don't think they're going to change the narrative four weeks before the end of this year. And that just leads you to believe that the Fed thing behind the iron curtain is that they're much more concerned about inflation than they're letting on.Īnd I think that narrative is going to change in the new year. And at some point - and Rafi Bostic said it over the weekend - that he favors quicker tapering. To Ann's point, inflation is not going away next year at all. POLCARI: No, I don't - listen, I'm of the belief next year that the investor and the market is going to go towards more value.Īnd value, to me, is industrials, financials, energy, because it's concerned about the bumpy road that we're surely going to hit once the Fed starts to quicken the pace of tapering, and then really start talking about interest rate increases. Is that a concern for you, like with our economy, the industrial base? Is there some kind of red flag that we should know about? You can see a big divergence between the Nasdaq and the Dow, where all the old industrial names are. That's the only thing that really ripped today. PAYNE: You know, Kenny, the stock market just reverted back to buying technology stocks. I am extremely concerned that, until we see these port blockages go away, until we start to see manufacturing overseas ramp up, pumping inventory back into our supply chains domestically here, I think, Charles, 2022 is still going to be a little bit of a bumpy ride for inflation, no matter what the Fed does at this point.
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