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.
Pfizer has asked the FDA to expand authorization of COVID booster shots for all adults. The agency is expected to grant the request in the coming weeks, allowing vaccinated Americans as young as 18 to get boosted before the holidays. Dr. Bayo Curry-Winchell, Regional Clinical Director at Carbon Health, joined Cheddar to discuss.
The Justice Department has filed a lawsuit to block Penguin Random House from acquiring its rival Simon & Schuster. The DOJ hopes this will block the merger, which it says would ultimately hurt authors and consumers nationwide. Barry C. Lynn, executive director of the Open Markets Institute, joined Cheddar to explain what the lawsuit signals about the Biden administration's approach to cracking down on antitrust, and why Amazon might be next.
The major markets took a breather Tuesday, with the Dow, S&P, Nasdaq, and Russell 2000 all finishing lower after notching record closes on Monday. Rhys Williams, Chief Strategist at Spouting Rock Asset Management, joins Cheddar News' Closing Bell, where he provides his biggest takeaways from the day's activity.
The U.S. economy added 531,000 jobs in the month of October, painting a better picture of the economy that analysts had expected. Jared Bernstein, Council of Economic Advisers Member for President Biden joined Cheddar's Opening Bell to discuss.
Election Day 2021 is in the books, and it wasn't a pretty picture for Democrats. Governor Phil Murphy narrowly won re-election in New Jersey and Republican Glenn Youngkin upset Democrat Terry McAuliffe in Virginia, with many other disappointing losses for the left. Meridith McGraw, national correspondent for Politico, breaks down the key takeaways from this year as the nation looks ahead to the 2022 midterms.
Markets opened higher to kick off the week as investors continue to digest the better-than-expected jobs report, which showed 531,000 new jobs created in October. Ken Johnson, CFA, Investment Strategy Analyst joined Cheddar's Opening Bell to break down his early market insights.
Almost 2 years into the pandemic, supply chain woes continue to wreak havoc on our everyday lives.
From groceries to chip shortages, both consumers and retailers are feeling the strain with prices only climbing as a result. Data intelligence company Morning Consult is out with its U.S. Economic Outlook for November revealing just how much of a threat these hold-ups could pose to the greater economic recovery. John Leer, Chief Economist at Morning Consult joined Cheddar's Opening Bell.
After many years and at least two presidents hoping to overhaul America's infrastructure, congress finally came to an agreement. The House passed the bipartisan infrastructure bill late Friday, receiving thirteen republican votes but failing to earn votes from the six progressive squad members. Joseph Zeballos-Roig, Economics Reporter at Insider joined Cheddar's Opening Bell to discuss the economic impact of the bill.