Stimulus, Vaccine Rollout Contribute to Strong Stock Performance

As coronavirus cases continue to climb in New York City, Mayor Bill de Blasio is warning that the nation's most populous city may soon run out of COVID-19 vaccinations. At the same time, some doses are expiring and being thrown away before they can be given to people in high-priority groups. New York City Comptroller Scott Stringer joined Wake Up With Cheddar to discuss his efforts to support vaccination efforts in NYC.

Futures dipped into the red this morning after fluctuating between positive and negative. Investors were watching Washington, as the House is moving closer to impeaching President Trump for a second time. Wall Street was also monitoring the potential for future stimulus aid from the incoming Biden administration, as well as the expanded coronavirus vaccine rollout. Johan Grahn, Vice President and Allianz Investment Management, joined Wake Up With Cheddar to break down more of what's driving the markets.

While vaccines are making Americans more optimistic about the pandemic, the rollout is incredibly slow. According to Bloomberg's vaccine tracker, 6.25 million doses of the coronavirus vaccine have been given to Americans and only 29% of shots distributed to states have been administered. We're one week into 2021 and still well below the Trump administration's goal of administering 20 million doses by the end of last year. Dr. Anthony Fauci saying the U.S. needs a little more time to catch up on vaccinating the country. For more, we spoke to Dr. Eric Dickson, CEO of UMass Memorial Health Care.