New York Gov. Andrew Cuomo said he plans to sign an executive order that would allow the state government to take personal protective equipment and ventilators from hospitals with less need and redeploy them to areas harder hit by the coronavirus outbreak.
The governor said he has spoken with hospital administrators and understands the reluctance to give up essential equipment, but that he wants to avoid a situation where COVID-19 patients are dying in one part of the state while ventilators sit unused in another part of the state.
"The theory is that if the government gets them, they will never get them back. I understand that, but I don't have an option," Cuomo said.
The move marks an expansion of a broader effort to coordinate the state's patchwork of regional health systems and public and private hospitals. The state is surveying hospitals nightly to determine case-loads, personnel needs, and inventories of needed medical supplies.
"Those institutions will either get their ventilator back or they will be reimbursed and paid for their ventilator so they can buy a new ventilator," the governor said. "I can't do anything more than that."
Several hundred ventilators could be shifted from upstate to downstate New York, according to Cuomo, though the exact amount remains to be determined. He said he's banking on hospitals' goodwill and pushed back against the use of the word "seize" in describing the policy.
"First of all, don't use the word seize," he said. "That's a harsh kind of word. It's sharing of resources. We're not going to have any part of the state not have the resources we need because we didn't share resources."
Cuomo also announced that the 2,500-bed emergency field hospital at the Javits Center in Manhattan will transition into treating COVID-19 patients. It was formerly intended as an overflow hospital for non-COVID cases, but there hasn't been enough demand for those cases.
"As it turned out, we don't have non-COVID people to any great extent in the hospitals," he said. "Hospitals have now turned into, effectively, ICU hospitals for COVID patients."
He said that the general shutdown of the state economy has led to a downturn in other types of medical needs, due to a drop in automobile-related injuries, violent crimes, and other incidents.
The latest numbers on the outbreak include 102,836 total cases, 14,810 hospitalizations, and more than 2,900 deaths, up from 2,300 deaths, which Cuomo called the "highest single increase in the number of deaths since we started."
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.
