Today’s Top Stories: April 27, 2020
Sorry, no video today. Too many things in the hopper and I have a sore throat anyway.
Do some reading. It’s good for you.
Today’s Top Stories is brought to you by My Daily Grind News.
Coronavirus update:
2,992,970 confirmed infections, up from 2,735,117 Friday.
207,518 confirmed deaths, up from 192,019 Friday.
Relevant COVID-19 stories:
- Will We Ever Return to Normal?
- Tyson Foods warns that “the food supply chain is breaking’ as plants close
- Famotidine: New York hospitals studying heartburn drug as Covid-19 treatment
- San Francisco had the 1918 flu under control. And then it lifted the restrictions.
Politics:
Poll: 69 percent of voters support Medicare for All
Trump looks to Hope Hicks as coronavirus crisis spills over
Nancy Pelosi endorses Joe Biden for president
Economy Update:
Editorial: Remember in the ’70s and then the ’80s, ’90s, two thousands, and finally, like yesterday, oil reserves had all been found, were finite, and would “run out soon?”
Well, here we are: We have a glut of oil with nowhere to put it. Factories aren’t using as much and consumers aren’t driving much, if at all.
See? We had a solution to this problem all along? And the planet will thank us.
I’m being a bit sarcastic and dark here, but we always DID know the answer: Use less.
Ironic how Mother Nature forced our hand.
The Dow is up 200, breaking through the 24k barrier.
Upcoming economic reports this week:
- Last Friday – Consumer sentiment index – DOWN from 89 in March to 71.8 (down from 101 in February)
- Tuesday – Case-Shiller home price index, Consumer confidence index
- Wednesday – Gross domestic product, Jerome Powell press conference
- Thursday – Initial jobless claims, Consumer spending, Core inflation
- Friday – Motor vehicle sales (annual rate)
Source: https://www.marketwatch.com/tools/calendars/economic
Relevant Economy stories:
- Second round begins for small business loan program after problems hampered first rollout
- Joe Biden says corporate America is ‘greedy as hell’ – Well, duh?
Check out Gig Economics–Learn how to thrive in the gig economy. Don’t ever be that cube monkey again!
Offbeat Story of the Day:
Editorial: I’m leaving this one here because it got a ton of play last week and over the weekend. I even lost a few friends over it because they believe him. I don’t know which stance they believe (that he was spit-balling solutions, he was being serious, he was being sarcastic), but they believe him.
This is, of course, proof that Trumplodytes are members of a cult.
“Give me Biden or give me bleach!”
ANNAPOLIS, Md. — Maryland’s health department fielded hundreds of calls from residents asking about ingesting disinfectants after President Donald Trump wondered aloud if that could fight COVID-19, Gov Larry Hogan said Sunday.
The Republican governor spoke about the emergency hotline calls and Trump’s offhand comment during appearances on CBS’ “Face The Nation” and ABC’s “This Week” on Sunday morning. On Friday, the Maryland Emergency Management Agency tweeted a “reminder” that under no circumstances should any disinfectant be injected or ingested.
Hogan said “communicating very clearly on the facts” has been important to him since the COVID-19 pandemic began.
“I think when misinformation comes out or you just say something that pops in your head, it does send a wrong message. We had hundreds of calls come into our emergency hotline at our health department asking if it was right to ingest Clorox or alcohol cleaning products, whether that was going to help them fight the virus,” he said during his ABC appearance.
During a press briefing on Thursday, Trump said research was underway into the effect that disinfectants have on the virus and questioned if they could be injected into people.
“Is there a way we can do something like that, by injection inside or almost a cleaning?” Trump asked. “Because you see it gets in the lungs and it does a tremendous number on the lungs. So it would be interesting to check that.”
The White House accused the media of misrepresenting the president’s comments. Trump said he had been speaking sarcastically.
Hogan said Trump needs to “stick to a message and make sure that these press conferences are fact-based.”
“I think other people in the administration have been trying to make that clear to him, as well,” he added.
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