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."
In February, Senator Jeff Merkley (D-Ore.) and Representative Jamaal Bowman (D-N.Y. 16th District) introduced the Fair College Admissions for Students Act. The bill looks to curb the admissions advantage given to the children of alumni and donors for colleges and universities. Sen. Merkley joined Cheddar news to discuss the push behind the legislation. "My dad was a mechanic. I was applying to schools around the country. I never thought about the fact that those students who came from the most privileged backgrounds also got a special advantage in applying to college," he said. "They take up 10-25 percent of the slots at many of our universities, and so this is kind of affirmative action for those who need it least rather than a level playing field for everyone else." If enacted, the law would amend the Higher Education Act of 1965 doing away with legacy or donor status admissions for any school participating in the federal student aid program.
Nancy Daoud, a private wealth adviser for Ameriprise Financial, joins Cheddar News' Closing Bell, where she discusses what led to a sharp spike on Wall Street during Tuesday's session and what she will be watching for most closely when the Fed announces it latest policy decision on Wednesday.
Russia's economy is effectively at a standstill after it was slapped with extensive western sanctions, and now it has to make the first of four monthly interest payments on dollar bonds. It's likely the country will not be able to pay — so what happens next? Major credit ratings agencies have downgraded Russian sovereign debt, with Fitch issuing a 'C' rating and S&P Global Ratings issuing a 'CCC-' rating. Caleb Silver, Editor in Chief of Investopedia, joins Closing Bell to discuss what a Russian debt default could mean for Russia's economy, U.S. consumers who have pensions with exposure to Russian assets, and whether this could create a global financial crisis.
With the number of Ukrainians being displaced due to the Russian invasion surging, two students from Harvard took it on themselves to develop a website to help connect potential hosts with refugees seeking housing. The co-founder of the website Ukraine Takes Shelter, Marco Burstein, joined Cheddar news to discuss working together with fellow freshman Avi Schiffmann to streamline the effort to aid Ukrainian refugees. "We basically worked for three days straight developing the website, and since then the response has been pretty incredible," Burstein said.
Over three weeks ago, WNBA player Brittney Griner was arrested in Russia on drug charges. According to reports, the Star arrived at an airport near Moscow where authorities found Vape cartridges and hashish oil in her luggage. Grindr faces serious charges that could carry a possible sentence of 5-10 years in a Russian prison. Experts warn that Griner's arrest could be used as a bargaining chip. Partner at Stroock & Stroock & Lavan, Thomas Firestone, joined Cheddar to discuss more.
On a live broadcast, an employee on a Russian state news television channel held up a sign protesting propaganda about the war in Ukraine. Ruslan Deynychenko, executive director of the Ukrainian fact-checking organization StopFake, joined Cheddar News to discuss what he called the misinformation spread to the Russian people about the invasion. "They are not about informing people they are about brainwashing people," he said. "Russian government uses their media as an instrument, as a tool, of their foreign policy."
Student loan payments for millions of borrowers are set to resume on May 1st. However, signals from the Department of Education show that the date may be pushed back. Once again, it's been pushed back a few times. Initially, the Biden Administration stated loan payments would resume as the economy continues to show signs of recovery. Student Loan Expert and Author of "How to Appeal for More College Financial Aid", Mark Kantrowitz, joined Cheddar to discuss more.
