The U.S. has over 3.9 million cases with over 142,000 deaths. The U.S. reported more than 1,000 deaths from Covid-19 on Tuesday, marking the first time since June 10 that the country has surpassed that mark.
And stocks were fluctuating Wednesday after China said the U.S. ordered the closure of its consulate in Houston and President Donald Trump warned the coronavirus outbreak probably will get worse before it gets better.
But it’s not all bad news.
Pfizer and BioNTech announced this morning that the U.S. government placed an order for 100 million doses for nearly $2 billion. The government also has the ability to acquire up to 500 million additional doses.
This deal will help the U.S. government deliver 300 million doses of a COVID-19 vaccine in 2021, 100 million of them being the vaccine candidate from Pfizer if all goes well.
This comes as Pfizer and BioNtech prepare for the next step in their trials, and the vaccine candidate could face regulatory approval as early as October if everything goes well.
Americans will receive the vaccine for free, due to the U.S. government’s commitment for free access for COVID-19 vaccines.
And a Chinese Foreign Ministry spokesman said the closure of its consulate in Houston was initiated by the U.S. and Beijing would “react with firm countermeasures” if Washington didn’t “revoke this erroneous decision."
The State Department said the closure of the consulate was "to protect American intellectual property and Americans' private information." It follows the U.S. government's accusations Tuesday that two hackers in China were targeting U.S. companies involved in coronavirus research.
So, what’s Jim Cramer watching? Cramer said two headlines are getting investors to turn a little bullish.
Watch the video above for more.