During a Wednesday press conference, New York Gov. Andrew Cuomo said social distancing will be key to making sure state hospitals can handle the apex of cases expected in late April.
“This all comes down to at the apex, can your hospital system manage the volume of people coming into the hospital system? That’s all this is about at the final analysis,” he said.
He presented one model that showed a need of 110,000 “COVID beds” and 37,000 ventilators by the end of April, if there is minimal impact from social distancing. Those numbers drop to 75,000 and 25,000 respectively based on higher compliance with social distancing.
The governor said that 391 New Yorkers died within the past 24 hours, bringing the total to 1,941 deaths and 83,000 cases.
He also showed a projection that predicts a total of 16,000 will die in the state before the population achieves “herd immunity.”
“We’re still looking for the curve to straighten, we’re still looking at where we see a plateau,” Cuomo said. “The line is still going up.”
State hospitals will begin to coordinate more, Cuomo said, by sharing supplies, medical personnel, and eventually moving patients from hard-hit areas to less-burdened hospitals.
Cuomo made official an earlier warning that he’d close playgrounds and public sports facilities in New York City if people didn’t voluntarily avoid them.
“I warned people that if they didn’t stop the density and the games in the playgrounds — you can’t play basketball, you can’t come in contact with each other — that we would close the playgrounds,” he said.
The governor noted that he is still open to people returning to work before the virus has completely run its course, assuming widespread testing is available to ensure status.
“My opinion is that the best way to do that is to come up with a rapid testing procedure,” he said.
Biotechnology company Regeneron is providing 500,000 testing kits to New Yorkers free of charge, according to Cuomo.
Student loan collection company Navient agreed to cancel $1.7 billion in debt and paid more than $140 million in other penalties to settle a lawsuit over abusive lending practices. Josh Shapiro, the attorney general of Pennsylvania who led negotiations in the settlement, joined Cheddar to go over the details of the company's predatory lending. "What Navient would do is charge [borrowers] these exorbitantly high rates, even though they knew people couldn't pay them or they would likely default on them," he explained.
The January 6 committee has subpoenaed four tech giants for more information on what they did and didn't do leading up to last year's deadly Capitol insurrection. Google, Facebook, Twitter, and Reddit were asked to assist the investigation in August, but the committee says their responses have been 'inadequate.' Craig Timberg, a national technology reporter at the Washington Post, joins Cheddar News' Closing Bell for more details about the subpoenas, why this is happening now, and how it might impact social media companies moving forward.
With the Australian Open set to begin on Monday, Novak Djokovic is once again being threatened with deportation from Australia after his visa was briefly reinstated and revoked again over alleged discrepancies. Djokovic’s team will sit for an Immigration hearing on Saturday.
Makena Kelly, politics reporter at The Verge, joins Cheddar News to discuss what's next for net neutrality as Biden's other nominee for the FCC, Gigi Sohn, awaits votes from the committee and Senate.
Jewell Jackson McCabe, chair of the Keep Love Alive Campaign and founder of the National Coalition of 100 Black Women, and Marvin Owens, chief engagement officer of Impact Shares and former senior director of Economic Development at the NAACP, join Cheddar News to reflect on racial issues still prevalent in America.
Hagar Chemali, Host of 'Oh My World' on Youtube and Former Spokesperson for the U.S. mission to the UN, joined Wake Up With Cheddar to share her expert insight into what the future of diplomacy could look like as the Russia-Ukraine crisis deepens.
Markets opened higher on the first trading day of the new year as investors continue to watch inflation and the rapid spread of the omicron variant in the U.S. Frances Newton Stacy, Optimal Capital Dir. of Strategy/Market Analyst joined Cheddar's Opening Bell to discuss.
Markets opened lower this morning as investors rounded out a wild 2021. Jay Hatfield, CEO Infrastructure Capital Advisors, joined Cheddar's Opening Bell to discuss which sectors and industries to watch in the new year.
Markets opened higher as investors react to positive data on the labor front, with weekly jobless claims falling to 198,000 for the week ending December 25. Ross Mayfield, investment strategy analyst at Baird joined Cheddar's Opening Bell to discuss the market open.
