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.
The six-month trial of Theranos founder Elizabeth Holmes has come to an end with the former tech startup star found guilty of four out of 11 counts of fraud. Michael S. Weinstein, Esq, chair of the white collar criminal defense practice at Cole Schotz, and former Department of Justice trial attorney, joined Cheddar News Wrap to discuss what happens next for the former mogul. "Do I think it's going to be more than five or seven years? Probably yes. I think that's probably a fair range at this point," he said about her potential prison sentence.
We are just one day away from what has been called the most influential tech event in the world. CES 2022 will officially kick off on Wednesday in Las Vegas, but the annual tech summit is being impacted by COVID-19, like so many other recent events. The Consumer Technology Association originally planned for a hybrid event to take place from January 5-8, with some in-person events and some virtual; however, a few big-name companies announced they will not be attending in-person, so the CTA decided to shorten the event by one day, with it now ending on Friday. Consumer electronics senior analyst Will Greenwald joins Cheddar News' Closing Bell to discuss.
California's new composting law will affect what residents do in their kitchens. As of this week, Californians will have to recycle excess food in an effort to reduce emissions caused by food waste. Cities and counties will turn recycled food into compost or use it as a renewable energy source. California's new law is the largest mandatory residential food waste recycling program in the country. Rachel Wagoner, Director of the California Department of Resources, Recycling and Recovery called the law 'the biggest change to trash' since recycling started in the 1980s. She joined Cheddar Climate to discuss.
Fast-casual restaurant chain Sweetgreen is rolling out its first salad subscription service called sweetpass as it looks to customers tackling new year weight loss and health goals. Members will receive up to 30 percent off of purchases.
Washington DC and the surrounding areas saw a record breaking snow storm Monday as a strong storm system works its way across the eastern U.S. The extreme weather event caused extensive damage in the greater Washington area, leaving thousands in the region without power. Jonathan Porter, Chief Meteorologist, AccuWeather, joined Wake Up with Cheddar to discuss the fierce storm.
Airlines canceled more than 3,000 flights on Monday over severe weather and crew shortages. The cancellations come on one of the busiest travel days of the holiday season, and is a continuation of the industry-wide disruption that started before Christmas. Thomas Pallini, Aviation Reporter for Insider joined Wake Up with Cheddar to discuss.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
