New York Governor Andrew Cuomo speaks to the media at the Javits Convention Center which is being turned into a hospital to help fight coronavirus cases on March 24, 2020 in New York City. New York City has about a third of the nation’s confirmed coronavirus cases, making it the center of the outbreak in the United States. (Photo by Eduardo Munoz Alvarez/Getty Images)
New York Governor Andrew Cuomo said new projections from health officials suggest instead of flattening, "the curve is increasing" and lambasted the federal government for its lack of action on distributing ventilators and for refraining from using the Defense Production Act.
The governor said the apex of the disease is approaching faster than anticipated and could come as soon as 14-21 days from now. He raised the number of hospital beds needed in the state to 140,000 beds and 40,000 ICU beds. New York currently has 3,000 ICU beds and 53,000 hospital beds. A few days ago, he said the state had projected it would need 110,000 beds.
Cuomo had previously included more hopeful notes of encouragement in his press conferences but on Tuesday delivered concerning news. "The apex is higher than we thought and the apex is sooner than we thought," he said.
Nearly half of the nationwide coronavirus cases are in New York state. Overnight, the case count rose by 5,000, bringing the total to more than 25,000 statewide.
"No one is testing more than we are testing," Cuomo said. "In many ways, we have exhausted every option available to us."
The governor noted that 23 percent of hospitalizations so far have needed ventilators and that 13 percent of positive diagnoses have required hospitalization as of Tuesday.
"We haven't flattened the curve, and the curve is actually increasing," Cuomo said from the Javits Center in Manhattan, which is being turned into a 1,000-bed emergency hospital by the Army Corps of Engineers.
On Monday, Dr. Deborah Birx, who is in charge of the White House response, said the attack rate in New York and New Jersey is five times higher than for the rest of the United States. The attack rate is the percentage of a population that catches the disease.
Cuomo was pointed in his criticism of the federal government for so far sending only a small fraction of needed ventilators to New York. "You want a pat on the back for sending 400 ventilators?" the governor demanded of the White House. "What are we going to do with 400 ventilators when we need 30,000 ventilators? You're missing the magnitude of the problem, and the problem is defined by the magnitude."
Cuomo said the state has so far procured 7,000 ventilators but needs 30,000 and, without more options for ventilators available, will start attempting the unusual plan to split them between people.
"If we don't have ventilators in 14 days, it does us no good," Cuomo assessed, again lamenting what he expressed was the lack of aid. "Not to exercise [the Defense Production Act] is inexplicable to me."
President Trump, during a Coronavirus Task Force town hall on Fox News Tuesday, struck back at the New York governor saying "I watch him on this show complaining."
"I'm not blaming him, but he shouldn't be talking about us," Trump said, referring to a claim that Gov. Cuomo neglected to purchase additional ventilators for the state in 2015. "He should be buying his own ventilators."
Still, citing New York's current 25,665 cases of the novel coronavirus, the governor called on Secretary of Health and Human Services Alex Azar to release 20,000 ventilators in the federal stockpile.
"The problem is the volume," he said. He asked the federal government to deploy ventilators around the country as needed as different states approach their own curve rates of infection while noting that New York has the greater need at the moment.
After passing its critical period, he said that the state would then move the ventilators to the next region addressing a crisis.
"I will take personal responsibility for transporting the 20,000 ventilators anywhere in this country that they want once we are past our apex," he said. "But don't leave them sitting in a stockpile."
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
