New York Gov. Andrew Cuomo Friday said the coronavirus pandemic has hit a "plateau," as the curve of hospitalizations in the state begins to flatten.
The governor urged caution, however, in assuming the virus was on the downslope. He noted that often pandemics come in waves, and said that the U.S. should look to other countries around the world to learn from their experiences in restarting their economies.
Cuomo also stressed that putting New Yorkers back to work hinges on the level of testing that is available across the state.
"It's going to be a gradual, phased process, and it's going to be reliant on testing," he said.
The Department of Health is currently doing 300 tests per day, according to Cuomo. The goal is to ramp that up to 1,000 per day by next Friday and 2,000 per day the following week.
"That sounds like a lot, but 2,000 tests is still a drop in the bucket," he elaborated.
Cuomo urged the federal government to invoke the Defense Production Act to help produce the "millions" of tests necessary to send people back to work safely.
"We have nine million people we'd like to get back to work," he said. "You need more than several thousand tests per week if this is going to happen anytime soon. Private sector companies on their own won't be able to come to scale."
"You're going to need government intervention to make that happen, and the federal government is in the best position to do that," he added.
There have been a total of 161,807 confirmed cases and 7,844 deaths — 777 over the past 24 hours — in the state.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.
Unreal Snacks CEO Kevin McCarthy shares how dye-free candy is leading the sweets revolution—just in time for what could be a record-breaking Halloween 2025.
