President Donald Trump speaks during a coronavirus task force briefing at the White House, Friday, April 10, 2020, in Washington. (AP Photo/Evan Vucci)
By Jill Colvin and Darline Superville
At the end of a week officials had warned would be this generation's Pearl Harbor, White House officials pointed to hopeful signs Friday that the spread of the coronavirus could be slowing, even as President Donald Trump insisted he would not move to reopen the country until it is safe.
At the same time, Trump said he would be announcing the launch of what he dubbed the "Opening Our Country" task force next Tuesday to work toward that goal.
"I want to get it open as soon as possible," he said at a Good Friday briefing while adding: "The facts are going to determine what I do."
With the economy reeling and job losses soaring, Trump has been itching to reopen the country, drawing alarm from health experts who warn that doing so too quickly could spark a deadly resurgence that could undermine current distancing efforts.
But Trump, who had once set Easter Sunday as the date he hoped people in certain parts of the country might begin to return to work and pack church pews, said he would continue to listen to health experts like Drs. Anthony Fauci and Deborah Birx as he considers what he described as the "biggest decision I've ever had to make."
"I listen to them about everything," he claimed, adding: "We're not doing anything until we know that this country is going be healthy. We don't want to go back and start doing it over again."
Trump's comments came at the end of a week that officials had warned would be a devastating one for the country. Hours earlier, Johns Hopkins University announced that the worldwide death toll from the coronavirus had hit a bleak milestone: 100,000 people. That includes about 18,000 in the U.S., where about half-million people have been confirmed infected.
More than 40 percent of the deaths in the U.S so far have happened in New York state, which reported 777 new deaths on Friday.
But there were also signs of hope, with state officials reporting that the number of people in intensive care dropped for the first time there since mid-March. Hospitalizations are also slowing, with 290 new patients admitted in a single day versus daily increases of more than 1,000 last week.
While bemoaning the death numbers as "so horrible," Trump also said, "Tremendous progress is being made."
"In the midst of grief and pain, we're seeing clear signs that our aggressive strategy is saving countless lives," he said, pointing to models that are now forecasting far fewer U.S. deaths than had originally been predicted.
Health experts have warned, however, that if the country rolls back restrictions too quickly, case levels could once again begin to soar, especially without widespread testing to determine who might be a carrier of the virus. While the new coronavirus causes mild or moderate symptoms for most people, for some, especially older adults and people with existing health problems, it can cause more severe illness or death. And research has shown that people can be highly infectious even if they are not displaying symptoms.
"When we decide, at a proper time, when we're going to be relaxing some of the restrictions, there's no doubt you're going to see cases," he said. "The question is how you respond to them."
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
