New York Gov. Andrew Cuomo on Monday provided his daily coronavirus update from the Javits Convention Center, which opened today as an emergency field hospital.
The governor said both the Javits Center and the USNS Comfort hospital ship, which docked in the city this morning, will serve patients dealing with non-coronavirus medical needs. That should leave New York City hospitals to serve as the frontline of the coronavirus outbreak.
While expressing gratitude for federal support the state has received, Cuomo stressed that the city is not an "anomaly" but rather a "canary in the coal mine" for what the rest of the state and country will soon experience.
"What you see us going through here, you will see happening all across this country," he said.
"Anyone who says this situation is a New York City-only situation is in a state of denial."
All but one county in the state of New York has a confirmed COVID-19 case, he added.
Collaboration has been complicated, however, by the fact that states are competing for the same stock of limited supplies.
"We're competing amongst ourselves. We're driving the prices up. When we started buying ventilators, they were under $20,000. The ventilators are now over $50,000 if you can find them," Cuomo said.
The governor echoed a message from Mayor Bill de Blasio earlier today emphasizing that New York would provide guidance and direct assistance to other areas once they, too, become hot zones.
The state's latest death toll from the virus now stands at 1,218, a jump of about 300 from Sunday. Cuomo said the jump correlates with an increasing number of patients who have died after prolonged periods of ventilators use, suggesting that patients with more serious cases are beginning to succumb to the disease.
In a bit of positive news, Cuomo reported that cases are now doubling at a slower rate than that had been, down from doubling every two days to every six days.
"While the overall number of cases is going up, the rate of doubling is actually down," Cuomo said.
Transportation Secretary Pete Buttigieg joined Cheddar's Michelle Castillo from South By Southwest to boost President Biden's bipartisan infrastructure legislation and talk about the big transportation issues of the day, including electric vehicle charging infrastructure and the future of public transit. "It means we have a huge wind at our back delivering on the kinds of transportation solutions that are going to define the 2020's 2030s, 2040s even," he said. "And that's what makes it exciting to come to South by Southwest and talk with some of the people who are following these technologies and ideas the most closely and talk about where we're headed." Buttigieg also touched on the "Don't Say Gay" legislation in Florida, noting that such legislative pushes were likely coming from politicians deflecting from lacking answers to pressing economic concerns, in his opinion.
Following President Biden's executive order that could lead toward regulating digital currency in the United States. Representative Josh Gottheimer (D-N.J. 5th District), the congressman responsible for proposing a bill to regulate stablecoins, digital assets backed by fiat currencies, joined Cheddar News to discuss the bill. "I just want to make sure that we're doing everything we can to be helpful to encourage this innovation and growth here in the United States," he said.
European antitrust regulators gave Amazon approval for its MGM acquisition deal. Amazon expects MGM's collection of content will help it compete in the increasingly crowded world of streaming services.
Lisa Whalen, managing director of automotive and mobility analysis at Morning Consult, joins Cheddar News to discuss Uber and Lyft's decision to enact price surcharges on riders.
Senator Jon Tester (D-Mont.) joined Cheddar News to talk about a range of topics including Sarah Bloom Raskin's recent withdrawal as a nominee to the Federal Reserve, the impact the Federal Reserve will have on inflation, and the ongoing crisis in Ukraine. "I think it's unfortunate she had to withdraw. I think she was very, very qualified for the position by everything she's done in her past, especially in the area of cyber," he said. "She would have been good to have on the Fed."
With a zero-covid policy in China, country officials are imposing lockdowns in the region in an attempt to control the spread. With China being home to about one-third of global manufacturing, these lockdowns are wreaking havoc on the already fragile supply chain, causing disruption to production of phones and cars alike. Suketu Gandhi, Supply Chain Partner at Kearney joined Cheddar's Azia Celestino to discuss.
Markets opened higher this morning as oil prices fall and investors await a decision from the Federal Reserve. Keith Fitz-Gerald, Chief Investment Officer, Fitz-Gerald Group joined Cheddar's Opening Bell to discuss.
Catching you up on what you Need to Know on March 16, 2022, with updates on Ukraine and Russia, a container ship gets stuck in the Chesapeake Bay, Disney employees stage a walkout over the "Don't Say Gay" law in Florida, and NASA completes its first spacewalk of 2022.
With the Fed about to the announce a 25 basis point interest rate hike on Wednesday, what exactly does this mean for investors, consumers, and businesses?
Ukrainian President Volodymyr Zelenskyy has summoned the memory of Pearl Harbor and the Sept. 11 terror attacks in an impassioned video plea to Congress to send more help for Ukraine’s fight against Russia.
