KAREN, DAN, PERSON. A FOUR DAY LOSING STREAK THE MAJOR AVERAGES COMPLETED WITH NINE OF 11 SECTORS IN THE ENVIRONMENT-FRIENDLY. WE'' LL DIVE DEEPER. WHICH SHOCKING RELOCATION BY THE BANK OF JAPAN AHEAD. BUT WE BEGIN WITH THE COVID WORRY ON THE RADAR OF THE U.S. STATE DEPARTMENT An EXPANDING WAVE OF THE INSTANCES IN CHINA AS THEY BATTLE TO MANAGE A BIG UNDERVACCINATED POPULATION AS WE ENTER THE HOLIDAY SEASON FORMER COMMISSIONER DR. SCOTT GOTTLIEB WARNING THIS COULD BE A LONG WINTER SEASON FOR CHINA AND An EVEN WORSE SPRINGTIME HERE IN THE UNITED STATES LET'' S BRING IN DR. SCOTT GOTTLIEB DR. GOTTLIEB, WONDERFUL TO HAVE YOU WITH US. HOW BAD WILL IT REMAIN IN CHINA? CONTAINER CHINA DO ANYTHING RIGHT NOW TO AID THE CIRCUMSTANCE IF CARRIES HAND >> > > WELL, LOOK, I THINK THE INFECTION IS OUT OF CONTROL TODAY IN CHINA THEY ARE DOING THINGS.THEY ARE CARRYING OUT SOME MITIGATION SHANK HIGH SHUT SCHOOLS AS WELL AS SERVICES BEGINNING TO CLOSE. PEOPLE ARE WEARING MASKS AND ALSO DRAWING BACK I ASSUME THAT WILL CERTAINLY EXTEND THE DISCOMFORT FOR CHINA THIS COULD BE A LENGTHY UNDERTAKING. NOT THE OMICRON WAVE WHERE IT LASTED TWO MONTHS FROM PEAK TO COATING BUT A WAIVER INFECTION THAT COULD LAST FOUR TO SIX MONTHS SINCE THEY ARE TAKING SOME REDUCTION SO THEY ' RE GOING TO SLOW THE SPREAD OF THE INFECTION BUT NOT SNUFF IT OUT AND THEY HAVE VARIOUS VERSIONS DISTRIBUTING IN VARIOUS COMPONENTS OF THE COUNTRY SO IN BEIJING THEY HAVE BF-7 WHICH IS WH WHICH IS EVEN MORE CONTAGIOUS AS WELL AS THEY HAVE ANOTHER VARIATION THAT HAS IMMUNOESCAPE FUTURES SO THEY COULD HAVE A CIRCUMSTANCE IN WHICH THEY DEAL WITH THE INFECTION IN AMONG THE COUNTRY AND THEY OBTAIN REINFECTED WITH ANOTHER PERSON VERSION THAT WAS SPREADING IN ANOTHER AREA. >> > > THEY HAVE A LARGE ELDERLY POPULATION WHICH IS LARGELY UNVACCINATED THEY HAVE A BIG POPULATION OF INDIVIDUALS WITH DIABETES TOO SO AN UNDERLYING CONDITION AS WELL AS THERE IS VACCINE NATIONALISM, AND WE HEARD FROM OUR CEO OF MODERNA STEPHON BON OFFER THAT STATED HE HAD BEEN IN TALKED WITH BEIJING ABOUT PERHAPS PROVIDING HIS MRNA INJECTION THERE.BUT AT THIS
FACTOR, COULD THAT ASSISTANCE IF XI JINPING CLAIMED LET'' S EMBRACE THE VACCINATION. WILL CERTAINLY THAT AID THE SCENARIO. >> > > IT IS FAR TOO LATE. BECAUSE THEY HAVE A MULTIPLE DOSE 2 THERE WAS A CONVERSATION TO CUT A DEAL AND CHINA DREW BACK FROM THIS I BELIEVE IT IS LATE TO OBTAIN A WESTERN VACCINATION INTO THE MARKET. THEY ARE CREATING THEIR OWN INJECTION BUT IT IS NOT NEAR TO MARKET THEY ARE WANTING TO GENERATE ANTI-VIRAL MEDICINES ONLY 69% OF THOSE OVER THE AGE OF 65 HAD A BOOSTER AS WELL AS 40% OF THOSE OVER THE AGE OF 80 SO THE MOST VULNERABLE INDIVIDUALS IN THE POPULACE ARE UN UNDERVACCINATED. IF YOU REMEMBER OMICRON, ONE IN 20 PEOPLE WERE PASSING AWAY SINCE INDIVIDUAL THAT WERE A LOT OF VULNERABLE, THE ELDERLY POPULACE WERE LEAST LIKELY TO BE VACCINATED AND BOOSTED. THE OLDER POPULACE HAS ACTUALLY NOT GOTTEN IMMUNIZED AT THE PRICE THAT THE YOUNGER POPULATION HAS. >> > > STROLL US WHY YOU BELIEVE IT IS GOING TO BE A HORRIBLE SPRINGTIME FOR THE UNITED STATES. DUE TO THE FACT THAT THERE ARE BRAND-NEW VARIANTS WHICH WE ARE NOT VACCINATED VERSUS BELOW IS THE SPREAD OF COVID THERE AMONGST AN UNVACCINATED POPULATION IS THAT DISCLOSING VERSIONS THAT ARE MORE INFECTIVE.
>> > > I WEAR ' T THINK WE ' LL HAVE A DIFFICULT SWING. IT IS TOO EARLY TO FIGURE OUT BF-7 AND ALSO 2 VARIANTS THAT ARE GOING TO GET AWAY THE EXISTING INJECTIONS AND ESCAPE THE RESISTANCE ARE PEOPLE ARE REQUIRING AS THEY GET INFECTED WITH BA-5 AS WELL AS BQ-1 AND ALSO BOTH AIRPORTS OF BA-5 SO THEY'' RE VULNERABLE. THEY ' RE CIRCULATING RIGHT HERE BUT IN A HIGHER PERCENTAGE IN CHINA SO CHINA DOES BECOME An INTERNATIONAL DATABASE FOR VARIANTS THAT ARE WORRISOME. WE DON'' T HAVE INJECTIONS THAT ARE EXTREMELY SAFETY AGAINST THE BRAND-NEW VARIANTS, THE XBB AND THE BF-7 NOW IT IS BEEN PRETTY DEGREE FOR THE LAST FOUR WEEKS BUT THAT IS THE ONE THAT WE'' RE WORRIED ABOUT FOR THE SPRING THAT AND ALSO BF-7.
THERE WILL CERTAINLY BE A CONFERENCE OF THE FDA AFTER THE BRAND-NEW YEAR AS WELL AS BASED ON THE NEW VARIANTS THEY'' LL HAVE A VACCINE FOR THE ELDERLY POPULACE AND ALSO THOSE IMMUNOCOMPROMISED TO SECURE THEM IN CASE THOSE TWO VARIANTS SPREAD IN THE SPRINGTIME. IT IS A DANGER FOR THE FUTURE. >> > > PHYSICIAN GOTTLIEB, IT IS KAREN FINERMAN MANY THANKS FOR BEING ON. HOW DO YOU THINK WE'' LL CONSIDER COVID TWO YEARS NOW? IT IS LIKE THE INFLUENZA AS WELL AS PEOPLE OBTAIN IT OR HOW DO YOU ASSUME IT WILL PROGRESS. >> > > NOW THERE ARE 30,000 HOSPITAL STAYS FROM COVID AS WELL AS THIS TIME AROUND THERE WERE 60,000 AND ALSO THIS TIME AROUND TWO YEARS BACK THERE WERE 100,000 HOSPITAL STAYS THAT'' S WHEN WE WERE TAKING A GREAT DEAL OF INDIVIDUAL PRECAUTIONS TO AVOID OURSELVES FROM OBTAINING CONTAMINATED SO I THINK YOU'' RE STARTING TO SEE COVID COME TO BE LIKE THE OTHER DISTRIBUTING RESPIRATORY VIRUS IN WINTER SEASON TIME AS WELL AS RIGHT NOW INFLUENZA IS A HIGHER PROPORTION OF INDIVIDUALS HOSPITALIZED THAN COVID.THAT STATED THERE WILL CERTAINLY PEOPLE PRONE TO COVID. WE UNDERSTAND IT IS DANGEROUS IN THE SENIOR AND IN THOSE IMMUNOCOMPROMISED SO FOR THOSE INDIVIDUALS WE HAVE TO SEE TO IT WE HAVE UP TO DAY VACCINES AND ALSO THERAPIES AVAILABLE I THINK EVERYONE OUGHT TO BE ACQUIRING VACCINATED BUT FOR THE VULNERABLE POPULATION, THEY NEED TO TAKE MORE STEPS LIKE WITH FLU. BUT IN CERTAIN POPULATIONS, PARTICULARLY THE SENIOR POPULATION, COVID IS MORE HARMFUL TODAY THAN THE INFLUENZA. >> > > DR. GOT LEB, THANKS SIGNING UP WITH United States >>> > > > AS WELL AS WE ' RE TALKING ABOUT THIS BECAUSE OBVIOUSLY THERE ARE CLEAR IMPLICATIONS WHEN IT PERTAINS TO THE INFLUENCE ON GLOBAL GDP, WHEN IT INVOLVES THE INFLUENCE ON SUPPLY CHAINS, WE THOUGHT WE WERE THROUGH THE MOST AWFUL OF THE SUPPLY CHAIN ISSUES AND ALSO HERE WE ARE AGAIN. WE MAY BE YET ANOTHER LOCKDOWN OR SHUTDOWN AWAY FROM ANOTHER PERSON SNARL RIGHT HERE, TIM. >> > > CONSIDER CHINA'' S DUTY IN VOLATILITY IN CHINA E-CONAND INFLATION AND ALSO CHINA IS OPENING IN 2020 AS WELL AS REDUCED A LOT OF SUPPLY CHAIN PRESSURES WE KNOW WHAT CHINA HAS DONE TO SUPPLY CHAIN PRESSURES ON THE VARIOUS OTHER SIDE AND ALSO WHERE THEY'' VE BEEN AN INFLATIONARY INFLUENCE AT ONCE WE HAD NO SPACE FOR IT BUT, LOOK, I ASSUME THE CHINA PLAN AS WELL AS REOPENING AND ALSO A FEW OF THE RENEWAL THAT MAY MAKE THIS A STANDOFF, CHINA'' S DEVELOPMENT IS NOT GOING TO FIND BACK UP UNTIL THE LATTER PART OF NEXT YEAR AS WELL AS IF YOU THINK CONCERNING THE INFLUENCE ON COMMODITIES AND WORLDWIDE DEMAND, THIS IS SOMETHING THAT I THINK IS GOING TO BE A WHOLE LOT EVEN MORE STUS PERSISTENT AND ALSO SLUGGISH.THIS IS THE ONE
RESERVE BANK WORLDWIDE THAT IN FACT HAS ALLEVIATING AS WELL AS POLICY THAT IS VERY VARIOUS FROM THE VARIOUS OTHER 3 OF SAY THE G-4. > > YOU RECOGNIZE WHAT THIS ADVISES ME> OF POST FINANCIAL CRISIS, CONSIDER ALL OF THE MONETARY AND THE MONETARY THAT OCCURRED RIGHT HERE AND ALSO AFTER THAT IT STARTED ROLLING. IT MOSTED LIKELY TO EUROPE. AND YEARS AFTER ALL-TIME LOW WAS PUT IN AND I ASSUME, BEGIN, MEN, A YEAR AGO, REMEMBER THE ROARING ' 20s WITH THE CRAZY PROGNOSTICATIONS REGARDING WHAT THE ECONOMIC SITUATION WOULD DO AS WELL AS QUICKLY WAGERING BACK TO– > > ROARING 20s On The Market. > >> > THAT IS ALL IT WAS.
>> AND ALSO THAT WAS A FEATURE OF THE STIMULUS IT WAS A FUNCTION PEOPLE PUTTING $4 TRILLION WELL WORTH OF– AND ALSO LOOK WHAT OCCURRED TO REAL ESTATE AS WELL AS THE STOCK MARKET AS WELL AS ROLEX AS WELL AS EVERY RISK PROPERTY THAT WASN'' T BOLTED DOWN AS WELL AS ON THE FLIP SIDE, WE HAVE BELOW PAR DEVELOPMENT IT IS NOT An EXCELLENT SETTING FOR DANGER ASSETS AS A WHOLE BUT TO ME, I ASSUME THAT IF YOU RETURN AS WELL AS CONSIDER 2011, '' 12, ' 13 WE ' RE STILL MANAGING THE SOVEREIGN FINANCIAL DEBT DILEMMA AROUND THE GLOBE AND ALSO IT WAS REALLY A HEAD WIND TO DEVELOPMENT AS WELL AS I THINK THAT IS WHAT WE'' RE SEEING> RIGHT HERE. > > WHAT DOES IT MEAN IN TERMS OF INDIVIDUALS ACQUIRING INOCULATION AND ALSO WHAT IS THIS FOR WALGREENS AND ALSO I TYPICALLY WEAR'' T OBTAIN A FLU SHOT AND THIS YEAR I WILL CERTAINLY AND I ' L PROBABLY
>> REMAIN TO OBTAIN A SHOT. > > AND YOU MAY PICK UP A PACK OF >> PERIODONTAL HEADING. > > YEAH. SO I WONDERING, IS THIS GOING TO BE HELPFUL FOR THEM AND THEN OBVIOUSLY MODERNA OR A PFIZER, WHOM EVER, BUT WHAT HAPPENS TO THE PRICING. DOES IT BOIL DOWN? DOES IT COME TO BE COMMODITY LIKE? SO I WEAR'' T KNOW. YOU GUYS THINK WE ' RE BIG IMAGE >>. I ' M A LITTLE MORE LOWER DOWN > > WELL THERE ARE PROFESSIONS EVERYWHERE, RIGHT,> GUY > > YEAH. AND ALSO WHAT DOES IT MEAN FOR THE FED'' S WORK. DOES IT MAKE THE JOB FOR DIFFICULT OR EASIER? YOU COULD PROBABLY MAKE A RATHER COGENT DEBATE EITHER WAY MAYBE INFLATION WANES ON THE BACK OF THIS ON A DEMAND POINT BUT MIGHT BE FOR DIFFICULT IF SUPPLY CHAIN IS An ISSUE AGAIN AND I PUT ON'' T KNOW THE RESPONSE. SO I BELIEVE IT HAS IMPLICATIONS FOR OUR MARKET IN REQUISITES OF WHAT A POSSIBLY COULD MEAN FOR CHINESE DEMAND AS WELL AS WHAT DOES IT MEAN FOR THE MULTI-NATIONALS THAT HAVE SUCH A PRESENCE THERE.I DON ' T KNOW BUT IT IS INTERESTING, I WEAR ' T KNOW THE ANSWER TO IT RIGHT NOW. I REALLY DON'' T BUT IF I HAD TO HUNCH, I THINK IT MAKES THE FED ' S WORK HARDER. >> > > WHEN YOU CLAIMED THAT, MY MIND WENT TO WHAT IF INFLATION IS GOING DOWN AS WELL AS WE'' RE SEEING CHINA REDUCE. IF THEY BEGIN PICKING BACK UP AS TIM IS PREDICTING AT THE END OF NEXT YEAR WHEN THE FED SHOULD BE OUT OF THE PICTURE, WHAT DOES THAT THEN DO TO THEIR WORK IF THEY SEE INFLATION EITHER STAY HIGH OR GO HIGHER? JUST HOW MUCH– HOW COMPLICATED DOES THAT BECOME FOR THE FED IN STIPULATIONS OF NAVIGATING WHAT TO PERFORM >> > > WELL I THINK IF YOU BRING CHINA BACK RIGHT INTO THE FORMULA, THERE IS NO DOUBT AS WELL AS I THINK FOR SURE PARTS OF THE WORLD, THE EMERGING MARKET PROFESSION, CHINA IS THE MANY CRUCIAL TALE AND ALSO IT IS NOT U.S.AND EVEN
CREATED ASIA AS WELL AS SOUTH KOREA AND SOMEWHAT JAPAN THAT IS SOMETHING THAT I THINK BELONGS TO THE CHANCE WITH THE DOLLAR TRADE AS WELL AS BEEN SAYING FOR LAST COUPLE OF MONTHS THAT THE BUCK IS A TAIL WIND. A BUCK DOWN 10%, WE'' LL HAVE An EXCELLENT CURRENCY CONVERSATION LATER ON IN THE PROGRAM BECAUSE THAT IS REALLY IMPORTANT FOR FINANCIAL ISSUES THEREFORE THE DOLLAR WAS A DEFLATIONARY HEAD WIND AND NOW IT MIGHT NOT BE THE FED'' S BEST CLOSE FRIEND. >> > > RIGHT KAREN THE OTHER DAY WE WERE TALKING CONCERNING PRE-PANDEMIC DEGREES AND ALSO WHAT IS DIFFERENT NOW VERSUS DURING THE PANDEMIC. AND PRIOR TO THE PANDEMIC. SO IF YOU THINK OF PRIOR TO THE PANDEMIC, CHINA WAS STILL A DEVELOPMENT ENGINE. CHINA WAS COMPLETELY OPEN AND AN LOCATION FOR GROWTH NOW LOOK AT IT SO WHEN WE CONSIDER WHERE THINGS MUST BE PRICED, DO WE THINK IT NEED TO OBTAIN THE EXACT SAME EVALUATION FOR A CHP BASED ON CHINA AS WELL AS IT LOOKS LIKE IT SHOULD NOT BECAUSE IT IS NOT GOING TO BE THERE AS THE GROWTH ENGINE FOR AT SOME POINT. >> > > POSSIBLY NOT I THINK IT IS AS MUCH OF A UNITED STATE/ CHINA RELATIONS PROBLEM AS IT IS A PANDEMIC ISSUE, RIGHT THE RELATIONSHIPS BETWEEN TWO COUNTRIES WERE MUCH BETTER THEN AS WELL AS IT WASN'' T THIS SUGGESTION OF THEY WOULD CLOSE DOWN ANY U.S.COMPANY AND NOW IT
IS A VARIOUS SETTING AND WE SEE APPLE NEEDING TO SAY WE NEED TO REPATRIATE OUR VITAL INNOVATION THAT IS INFLATIONARY THAT IS EXPENSIVE. AND I ASSUME THEY'' RE GOING TO RETALIATE. >> > > IT IS JUST FASCINATING. MIKE WILSON FROM MORGAN STANLEY HAS BEEN ON THE PROGRAMS AS WELL AS HE'' S BEEN RIGHT, CALLED THE TACTICAL RALLY AFTER BEING BEARISH AS WELL AS NOW HE'' S GONE THE VARIOUS OTHER WAY. I ASSUME HE PUT $180 IN S&P EARNINGS FOR NEXT YEAR YOU INTENDED TO SPEAK ABOUT 2019, THE S&P HAD $162 IN REVENUES SO IF THEY DID HIS SCENARIO WHICH MANY ANALYSTS ARE WELL OVER $200 A SHARE LET'' S SAY WE DO $ 180, THAT IS UP 10% AND WHY SHOULDN'' T THE STOCK EXCHANGE WITH ALL OF THE DEVELOPMENT HEADWINDS AND CONSIDER WHERE PRICES ARE RELATIVE TO 2019, FED HAD TRIED TO ELEVATE IN 2018 AS WELL AS THEY STOPPED I ASSUME SUPPLY VALUATIONS ARE STILL WAY TOO HIGH SO TO ME, I ADHERE TO THE 3400 TARGET AND I BELIEVE THERE HAVE A GREAT DEAL OF INVESTORS WHO THINK THERE IS A GOOD OPPORTUNITY THE S&P WILL OVER SHOOT AND GO LOWER BUT YOU HAVE TO CONCENTRATE ON S&P EARNINGS, AND ALSO IF CHINA IS A HEAD WIND, EUROPE IS NOT ADDING TO ANYTHING GOING ON WITH U.S.MULTI-NATIONALS. AND TIM
, YOU STATED THE BUCK, IT IS DOWN 5%, BUT STILL UP A LOT YEAR-OVER-YEAR. >> > > NO QUESTION. BUT THE DOLLAR IS A TAIL WIND GOING ONWARD, NO? THE BUCK, CHATTING ABOUT THE HEAD WIND, WE'' LL SPEAK ABOUT NIKE AND ALSO SPEAK ABOUT FEDEX THIS IS A BIG COMPONENT OF WHAT THEY'' RE GOING TO TALK ABOUT AND ALSO WHAT IT IMPLIES IN CONSTANCE CURRENCY I'' M NOT STRESSED OVER THE DOLLAR I BELIEVE FED PLAN HAS OPTIMAL AND ALSO THE REST OF THE GLOBE IS CATCHING UP. IT DOESN'' T MEAN IT IS GOING STRAIGHT DOWN. BUT AGREE WITH WHAT YOU'' RE PHRASE AND ALSO I ' LL ADD TO IT. YOU ' RE GOING TO OVERSHOOT TO THE DOWN SIDE ON THE MULTIPLE, TOO SO YOU SHOULDN'' T BE PAYING 16 OR 17 TIMES THAT IS A LOW ABOUT WHAT WE'' VE BEEN THAT IS WHERE INDIVIDUALS START SPEAKING ABOUT 13 TIMES AT THE VERY LEAST UNTIL YOU BASE. IF YOU GET 13 TIMES 160 OR 180, YOUNG BOY, I ASSUME WE KNOW HOW TO DO THAT MATHEMATICS. >> > > WHICH BRINGS ME TO APPLE, GUY.WE ' RE TALKING ABOUT APPLE THE OTHER DAY WITH CHRISTOPHER FERRON AS WELL AS WE THINK THAT THE PROBLEM WITH COVID ARE GOING TO BE MORE DIFFICULT AND THERE ARE CLOSURES AND ALSO LOCKDOWNS AROUND THE NATION, THAT IS ANOTHER PERSON CONCERN THAT CHINA HAS FORGET ABOUT ACQUIRING THE FOX CON BACK UP AS WELL AS RUNNING. >> >'> I ' M SURE YOU BROUGHT IT UP LAST NIGHT BUT WE'' LL BRING IT UP ONCE AGAIN. IT IS AN PRICEY SUPPLY LOW SINGLE-DIGIT EPS GROWTH AND ALSO PROFITS GROWTH WITH DECREASING MARGINS AND ALSO THEY'' RE MONEY PLACEMENT WHICH IS STILL TOPS IN THE– ON THE PLANET HAS BEEN DWINDLING THE LAST FEW QUARTERS.SO IT IS AN EXPENSIVE SUPPLY AND ALSO IT REMAINS IN THIS ENVIRONMENT AND APPLE IS NOT IMMUNE TO EVERY ONE OF THE POINTS THAT WE ' VE BEEN TALKING ABOUT FOR LAST 11 AND ALSO A HALF, 12 MINUTES AS WELL AS NOR THE LAST FEW WEEKS SO I THINK APPLE NEEDS TO HA.
