Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Cheung and BNY Mellon Investment Management Liz Young discuss President Trump’s decision to nominate Judy Shelton for the Federal Reserve board on On The Move.
President Trump appeared frustrated that the country would not emerge from its coronavirus lockdown in the near future even as he and other officials warned of a rising death toll and a continuance of restrictive measures for weeks and maybe months to come. There will be death,” Trump warned flatly at one point during Saturday's briefing of the White House coronavirus task force. More than 8,000 people in the United States have died from COVID-19, the disease caused by the coronavirus.
Coronavirus patients are showing a wide range of symptoms and the exact reason why is still a mystery — but we do have some clues as to what factors can influence the severity of the disease. While the most common symptoms are fever, cough and shortness of breath, there are numerous reports of coronavirus patients experiencing nonrespiratory symptoms. A study of 204 patients in Huabie, China, published in the American Journal of Gastroenterology found that just over half of patients experienced gastrointestinal symptoms such as loss of appetite, nausea, vomiting and diarrhea.
The acting head of the U.S. Navy, in a surprise speech to the crew of a coronavirus-stricken aircraft carrier, castigated their former commander for writing a leaked letter that demanded the Navy take stronger action to halt the spread of the illness. Acting Navy Secretary Thomas Modly stood by his decision to relieve Captain Brett Crozier of his command in a speech to crew members of the aircraft carrier Theodore Roosevelt while it was docked in Guam early on Monday. "If he didn't think that information was going to get out into the public in this information age that we live in, then he was A, too naive or too stupid to be a commanding officer of a ship like this," he said.
With the number of people killed by the coronavirus in the United States nearing 10,000 on Monday, the country's top medical officials warned the worst was yet to come. The number of cases has ballooned to 337,752 — nearly three times higher than the second-worst hit country, Spain — with 9,619 people killed as of 5:10 am ET, according to NBC News' tracker. At the epicenter of the outbreak in the U.S., New York City Mayor Bill de Blasio said critical medical supplies and staff have been secured but warned the magnitude of the crisis equals that of the Spanish flu and Great Depression.
The Supreme Court on Monday rejected an appeal from a Catholic church in Washington, D.C., that sought to place religious-themed ads on public buses. The justices are leaving in place a federal appeals court ruling that found no fault with the Washington transit agency policy that banned all issue-oriented advertisements on the region's rail and bus system. The Roman Catholic Archdiocese of Washington sought to place an ad on the outside of public buses in the fall of 2017.
Japan is to declare a state of emergency in the capital Tokyo and six other regions in an attempt to tackle the rapid spread of coronavirus. Prime Minister Shinzo Abe said the move could come as early as Tuesday. Japan has a relatively small number of infections compared to other countries, but there are concerns a sudden surge in cases in Tokyo could lead to a major outbreak in the world's biggest city.
China has been trying to gradually roll back its severe coronavirus lockdown in recent weeks. China is further into its coronavirus response than any other nation — and seems to be demonstrating that getting out of lockdown is a difficult and uneven process. In the last two weeks, authorities in China have tentatively rolled back parts of a lockdown that curtailed the movements and activities of close to a billion people from as early as January 23.
In Italy, new data show that 20 percent of health care workers tested positive for COVID-19. In the U.S., people in my age group, 20 to 44, who test positive for coronavirus have a one in five chance of requiring hospitalization, and about a fifth of those end up in an intensive care unit. If I get infected, my chance of dying is one in 500.
Here's something to look forward to next week: The biggest, brightest supermoon of 2020 will be appearing in the night sky Tuesday. "Watch for the biggest full moon of the year to shine all night long as it beams in the east after sunset April 7, climbs highest up for the night around midnight, and sets in the west around sunrise April 8," EarthSky's Bruce McClure said. The full moon occurs precisely at 10:35 p.m. EDT on April 7, according to EarthSky.
Regular viewers of the White House coronavirus task force briefings have probably noticed certain recurring themes in President Trump's remarks: congratulating himself for acting swiftly to cut entry to the U.S. from China; praise for “the incredible people” on the podium with him and working behind the scenes; and an almost palpable yearning for a quick end to the pandemic and a resumption of “the greatest economy the world has ever seen.” Waging war on a disease is such a familiar trope it passes almost without notice: the “fight” against AIDS; the “struggle” to “conquer” smallpox, malaria, tuberculosis; health care workers on the “front lines” against Ebola, Zika, coronavirus.
No U.S. or Afghan government soldiers were injured in the battle. Imprisoned at Bagram Air Base until 2014, Hamidullin was then brought to federal court in Richmond, Virginia, and prosecuted. He was convicted of crimes including material support to terrorists and attempted murder of U.S. military personnel and sentenced to life plus 30 years.
Iran will never ask the United States for help in the fight against the new coronavirus, Foreign Ministry spokesman Abbas Mousavi said on Monday. Supreme Leader Ayatollah Ali Khamenei has rejected offers from Washington of humanitarian assistance for Iran, the Middle Eastern country so far worst-affected by the coronavirus, with 3,739 deaths and 60,500 people infected according to the latest figures on Monday. "Iran has never asked and will not ask America to help Tehran in its fight against the outbreak ... But America should lift all its illegal unilateral sanctions on Iran," Mousavi said in a televised news conference.
A teacher whose father is suffering from cancer is one of scores of American citizens trapped in Russia after the last passenger flight to the U.S. was canceled amid the coronavirus pandemic. Grace Mitchell, 26, told NBC News that she had had no plans to leave her home in Rostov-on-Don in southern Russia until she got a phone call from her mother saying her father's cancer had taken a turn for the worse. "All we could do, really, was try to get the last flight out of Russia, because if I don't get a flight soon, then I probably won't see my dad ever again," Mitchell said.
President Trump on Saturday said that the United States is approaching a time that will be “very horrendous” for the nation amid the growing coronavirus outbreak across the country.
Data from atomic bomb tests conducted during the Cold War have helped scientists accurately age the world's biggest fish. Whale sharks are large, slow moving and docile creatures that mainly inhabit tropical waters. They are long-lived but scientists have struggled to work out the exact ages of these endangered creatures.
The UK government reportedly believes the coronavirus outbreak may have started in a Chinese laboratory. Most experts believe the outbreak began when animals passed COVID-19 onto humans in China. UK officials are not ruling out the possibility that a laboratory close to Wuhan accidentally leaked the virus.
A U.N. investigation found it “highly probable” that the Syrian government or its allies were responsible for attacks on four civilian facilities in the last opposition stronghold in the northwest in 2019 — a school, a health care center, a hospital and a child care facility. The investigators said it is “plausible” that an attack on a second health center was also carried out by the Syrian government or its allies. Turning to a sixth incident, they said it is “probable” that an attack on a Palestinian refugee camp in Aleppo was conducted either by armed Syrian opposition groups or by Hayat Tahrir al-Sham, the strongest militant group in northwest Idlib that is affiliated with al-Qaida.
Lisa Marie David/NurPhoto / Getty Philippine police reportedly killed a man for disobeying President Rodrigo Duterte's strict quarantine rules. The man, 63, threatened local officials with a scythe after they told him to wear a face mask, a local police report said, according to Al Jazeera. This appears to be the first reported case of someone being shot dead in the Philippines for disobeying lockdown rules.
President Donald Trump said on Saturday that the federal government was placing millions of doses of a malaria drug in the federal stockpile of emergency medical supplies to make it available for coronavirus patients, even though the drug has not been approved for COVID-19 treatment and his top coronavirus advisers have warned that more study is needed to determine its safety and efficacy. Though advisers, including Dr. Anthony Fauci, have cautioned many times that more data is needed on the drug, hydroxychloroquine, Trump, in a White House briefing, went so far as to urge patients to take it. What do you have to lose?
A coronavirus projection used by the White House to warn that the country could face between 100,000 and 200,000 deaths in a “best case scenario” has dramatically reduced its estimates, cutting the number of hospital beds needed by 58 percent and the death forecast by 12 percent. The IHME model, produced by the University of Washington, updated its numbers overnight to show that projected deaths decreased from 93,531 to 81,766, and the projected total bed shortage fell from 87,674 to 36,654, after projected needed hospital beds fell 45 percent from 262,000 to 141,000 and needed ICU beds decreased 26 percent from almost 39,700 to 29,200. New Jersey's projection rose dramatically from 2,100 to 9,690, while the projection for Illinois remained essentially the same.
Iran's Supreme Leader Ayatollah Ali Khamenei has approved the withdrawal of one billion euros from the country's sovereign wealth fund to help fight the coronavirus epidemic, President Hassan Rouhani's official website said on Monday. Iran is the Middle Eastern country worst-affected so far by the coronavirus, with 3,739 deaths and 60,500 people infected as of Monday, official data showed. Shut out of international capital markets and facing a further hit to its finances with the collapse in global oil prices coming on top of U.S. sanctions, Iran is struggling to shield its economy from the coronavirus pandemic.
Former Food and Drug Administration Commissioner Scott Gottlieb has issued some dire warnings since the early days of the novel COVID-19 coronavirus, but on Sunday he indicated some steps taken by the U.S. federal government and states might be paying off — both in terms of curbing the spread and preparing the health-care system for an onslaught of patients. New York City remains the epicenter of the U.S. outbreak, and its hospitals are struggling. Gottlieb reiterated the predication made by numerous officials that the city, and New York state, are on the verge of peaking next week, which will undoubtedly stretch the health-care system thin.
Here are the latest developments in Asia related to the coronavirus pandemic: - Australia sends cruise ships on their way - The largest maritime operation ever undertaken in Sydney Harbour was completed on Sunday with the successful restocking and refuelling of five cruise ships, Australian police said. It was part of government efforts since mid-March to force vessels to leave the country's waters to prevent any further spread of the coronavirus in Australia. Cruise ship guests have so far accounted for almost 10 percent of Australia's more than 5,500 infections.
The declaration would cover seven regions including Tokyo and Osaka and last for about a month. Due to civil liberties enshrined in Japan's postwar constitution, the government cannot send police to clear people off the streets, as has happened in places including France, Italy and the U.K. The country's strongest enforcement measure could be public obedience -- and it remains to be seen whether that will be enough. The prevalence of the virus varies widely among the country's 47 regions and prefectures, with Tokyo seeing a rapid surge and three regions yet to confirm any cases as of April 5.
Getty UK Prime Minister Boris Johnson will remain in hospital "as long as necessary" on Monday after being admitted on Sunday for "persistent symptoms of coronavirus." Johnson tested positive for the coronavirus 10 days ago and continues to experience a high temperature and a cough. He was reportedly treated with oxygen after arriving at St Thomas' Hospital in London on Sunday night.