A pedestrian walks past a mural which reads "Stay at Home, Life is Beautiful" Thursday, April 2, 2020, in Los Angeles. California. (AP Photo/Marcio Jose Sanchez)
While warning residents not to take the information as a trend, California Governor Gavin Newsom said the state's number of ICU hospitalizations had fallen nearly two percent over the past 24 hours
However, Newsom also revealed that cases now total 18,309, with 492 deaths up by 50, in the same period, and the number of people hospitalized up to 2,825, slightly more than a four percent increase from yesterday.
"These are not statistics, behind every stat is a real person, real lives that have been torn apart," he said.
Despite the casualties and nearly three weeks after ordering the entire state to begin social distancing, the Golden State governor said “stay-at-home is working in the state of California.
"I caution anybody to read too much into that one point of data, but nonetheless, it is encouraging and it just again reinforces all of the incredible work that all of you are doing to practice physical distancing," Newsom said, warning against complacency. The state now expects the peak of cases to extend into May.
“The curve has been bent in this state, but it also, again, has been stretched. We continue to be vigilant," and California needs to do more to take care of the “deeply stressed out, deeply stretched” healthcare workforce, including psychological support, according to the governor.
Newsom announced a program to fund lodging for those "stretched" healthcare and frontline workers. He said the state will provide vouchers and stipends for workers who need to stay closer to patients or away from their own families. For low-wage workers, he said the state will provide 100 percent reimbursable cost at hotels. The voucher program will be funded with help from FEMA.
The governor also said 350 people should receive letters today to begin work in California's Health Corps and will be considered part-time state employees.
Meanwhile, in the past few days, California sent 500 ventilators across the country to help other states struggling to keep up with the coronavirus pandemic. In response to criticism he sent ventilators out-of-state, Newsom said those states have committed to returning them when California has its own needs and said there are more than 8,000 ventilators not in use currently within its hospital system. Newsom said this does not include the number of ventilators in the state's storage or those that have been sent out.
“We can’t just sit on assets when we can save lives and help our fellow Americans,” he said, stating it was the moral and ethical decision to lend aid.
Daniel Madrzykowski, research director at the UL Fire Safety Research Institute, joins Cheddar News to discuss the deadly Bronx fire that killed 19 people and fire safety tips that people need to know about.
Markets closed the day mixed, and well off their lows of the day following a market meltdown earlier in the session. The Nasdaq staged a comeback late in the day, even amid ongoing worries about the Federal Reserve raising interest rates. Doug Flynn, certified financial planner and co-founder of Flynn Zito Capito, joined Cheddar News' Closing Bell to discuss the markets' close and what's driving the major indexes.
Two companies recently announced a new partnership aimed at addressing the growing demand to borrow against crypto - digital assets capital markets firm CrossTower is partnering with commercial bank, BankProv. The companies are launching a crypto lending platform that will allow Bitcoin miners to receive loans to invest in crypto mining equipment. The companies say the program also addresses the difficulty of breaking into crypto mining due to the high cost. CrossTower research analyst Martin Gaspar joins Cheddar News' Closing Bell to discuss.
Next-gen social sports platform Break the Love recently raised $2.5 million in seed funding. Break the Love's platform and iOS app allows users to discover and book group-based tennis activities, to either learn, train, or compete. The new company has already gotten support from a few big names in the world of tennis, including the coach of Naomi Osaka, as well as the United States Tennis Association and the brand Wilson. Break the Love founder and CEO Trisha Goyal joins Cheddar News' Closing Bell to discuss.
As the Omicron variant continues to sweep across the country. The US Supreme Court is expected to hear arguments at the end of this week on whether or not the Biden administration can force private companies to vaccinate or test millions of their employees. In addition, the National Nurses United has spearheaded legal action to protect nurses and health care workers, patients, and the public while on the job. President of the National Nurses Union, Zenei Cortez, joined Cheddar to discuss more.
China's ongoing crackdown of its own entertainment industry has been raising eyebrows for once now. With the ruling Communist Party instructing media companies to boycott immoral and overly entertaining stars. But the country has gone even further. Now experts warn that this could lead to further issues such as gender-based violence. Professor at the Institute of Sociology at National Tsinghua University, Hsiu-Hua Shen, and Associate Professor of Politics at Keough School of Global Affairs at the University of Notre Dame Joshua Eisenman, joined Cheddar to discuss more.
Today marks one year since the January 6 Attack on the United States Capitol. The Country watched as supporters of then-President Trump stormed what was assumed to be the most secure building in the country in an attempt to stop the certification of the 2020 Election. Several lawmakers, including the Vice President, could be seen ducking down as they feared for their lives. Democratic Michigan Representative Dan Kildee, joined Cheddar to discuss more.
Bed Bath & Beyond delivered disappointing fiscal third-quarter results for 2022. Shares initially dove more than 9% in premarket trading on the news but finished the day up nearly 8%. Bed Bath & Beyond has been a meme-stock target for online investors in the past -- so was meme-stock mania a factor in the recent stock movement for the company? Jaime Rogozinski, the founder of the subreddit WallStreetBets, joins Cheddar News' Closing Bell for more, as his forum helped spark the meme stock phenomena. He also discussed some decentralized finance services and trends for the retail investor to watch for in 2022.
