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."
Stock trading app Robinhood already has been offering cryptocurrency investments but seems further excited about the asset class following President Biden's recent announcement of an executive order. Dan Gallagher, the chief legal and corporate affairs officer for Robinhood, joined Cheddar News to talk about the White House's tentative vision for digital currency. "I think this executive order firmly states that, yes, crypto is here to stay, which it talks about the important competitive issues around crypto and how the United States needs to be a leader, a global leader, in innovation and technology regarding crypto," he said. Gallagher also discussed having clarity around meme stocks going forward but worried about overregulation slowing down innovation.
As Russia’s attack on Ukraine, the latest inflation report showed the consumer price index rose 7.9 percent — a 40-year high. Heather Boushey, a member of the White House Council of Economic Advisers, joined Cheddar News to discuss what American consumers might be in store for as prices keep rising. "Forecasters at this point believe that the American economy will be resilient," she said. "They’re still predicting that the unemployment rate will continue to be lower at the end of the year than it is today, and we are still seeing folks believe that over time prices will come back down." Boushey did note that it would be dependent on how long the current situation lasts.
Simon Shuster, TIME's Moscow correspondent joins Cheddar to discuss how Ukraine could become part of the EU and what it would mean for politics in Europe.
President Biden has banned imports of Russian oil to the U.S. in retaliation for its invasion of Ukraine. The president warned of higher prices at the gas pump, leading some analysts to think it could propel the transition to clean, renewable energy. Michael Jones, chairman and CEO of investment solutions company Caravel Concepts, discussed how the ban is hitting green energy stocks as gas prices continue to surge. "I think the 10-year prospects for renewables just got a whole lot better because ultimately this is going to force a transition into renewables," he said.
Amid ongoing tensions in the Russia-Ukraine region, many American travelers are nervous about traveling to Europe.
It comes at a time when international travel was set to make a comeback, but uncertainty surrounding the conflict may delay the overall recovery. Francesca Page, Travel Expert, joined Cheddar's Opening Bell to discuss.
Russia's invasion of Ukraine is coming for the global food supply. Ongoing tensions in the region are threatening the supply of various agricultural products including wheat, barley and corn. Vladik Rikhter, CEO & Cofounder of Zenput joined Cheddar's Opening Bell to discuss how this could impact food prices overseas.
Chris Natividad, CIO of EquBot, joins Cheddar News' Closing Bell, where he elaborates on what ultimately dragged the Dow, S&P, and Nasdaq lower on Tuesday and discusses how investors are reacting to rising oil prices and February CPI data coming out later this week.
Adam Johnson, Portfolio Manager at Adviser Investments, joins Cheddar News' Closing Bell, where he explains why he believes we saw markets jump during Wednesday's session, and adds that investors have already priced in 'every possible kind of bad news we could have.'
Jennifer Klein, the White House Gender Policy Council's co-chair and executive director, spoke to Cheddar News about the economic impact of the pandemic showing the need for a group like the Gender Policy Council, and the need to address issues that have affected women the most,
