The Trump administration announced plans Friday to speed up coronavirus testing, introducing an emergency hotline for companies and private laboratories developing quicker tests and seems on a path to a multi-billion-dollar federal plan with Congress amid reports the president will declare a national emergency later today.
"I hope he does it, it's the right thing to do, it will free up states and local communities to act more aggressively," Rep. Ami Bera (D-Calif. 7th District) told Cheddar on Friday.
The administration is catching up to warnings health officials have been making for weeks about the United States's lack of preparedness for what is now a pandemic. Bera, a physician himself, said the new measures will allow community health centers taking care of Medicaid patients to be reimbursed for telemedicine.
"If you can manage [sick patients] using technology, using telehealth, telemedicine and they can stay at home, that is actually a good thing, that will help slow the spread," he said.
Though telemedicine may help treat patients without potentially infecting those they come in contact with, a lack of test kits will impede physicians’ ability to track patients.
"What I’ve suggested to the administration is, look, if South Korea can do it, pick up the phone, call the Korean company that’s making these tests and see if you can’t just license those tests and get it sent over here if it’s taking so long for us to do it," he said.
While health workers attempt to slow the spread of the virus, politicians are still at work on a bill, which appeared to hit a roadblock today over disagreements about paid sick leave. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have been negotiating the plan, which House Democrats are expected to vote on today.
"We're told that they're pretty close," Bera said. "Workers, families, those hourly wage folks, they're going to be hurt immediately. This is America, we don't let people fall down like that."
Pfizer has asked the FDA to expand authorization of COVID booster shots for all adults. The agency is expected to grant the request in the coming weeks, allowing vaccinated Americans as young as 18 to get boosted before the holidays. Dr. Bayo Curry-Winchell, Regional Clinical Director at Carbon Health, joined Cheddar to discuss.
The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
Almost 2 years into the pandemic, supply chain woes continue to wreak havoc on our everyday lives.
From groceries to chip shortages, both consumers and retailers are feeling the strain with prices only climbing as a result. Data intelligence company Morning Consult is out with its U.S. Economic Outlook for November revealing just how much of a threat these hold-ups could pose to the greater economic recovery. John Leer, Chief Economist at Morning Consult joined Cheddar's Opening Bell.
After many years and at least two presidents hoping to overhaul America's infrastructure, congress finally came to an agreement. The House passed the bipartisan infrastructure bill late Friday, receiving thirteen republican votes but failing to earn votes from the six progressive squad members. Joseph Zeballos-Roig, Economics Reporter at Insider joined Cheddar's Opening Bell to discuss the economic impact of the bill.
