Today’s Top Stories: April 28, 2020
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Coronavirus update:
3,061,521 confirmed infections, up from 2,992,970 yesterday.
212,083 confirmed deaths, up from 207,518 yesterday.
Relevant COVID-19 stories:
- Will We Ever Return to Normal?
- Models Show Reopening States Too Early Will Bring Deadlier Outcomes
- Testing Could Unlock A Return To Normal Life, But Obstacles Persist
Politics:
Howard Stern will vote for Joe Biden, saying,
“What’s it going to take? I don’t get it. I don’t think there is anyone left who will vote for him (Trump),” Mr Stern said.
“You see the wall that’s right next to you, I’ll vote for the wall over a guy who tells me that I should pour Clorox into my mouth. Listen, I think we are in deep shit. I think we could have been ahead of this curve.”
Relevant Politics stories
- GOP governor: Hundreds asked about ingesting disinfectants after Trump coronavirus briefing
- Illinois GOP lawmaker wins court ruling exempting himself from governor’s stay-at-home order
- Howard Stern Snubs Trump, Backs Biden
Economy Update:
Some economists say we’ll get out of this pandemic in a quarter or two. Some others are saying we will be in a protracted economy for years, maybe the entire decade, calling this extended downturn, “The Greater Depression.”
Read more here.
The Dow is up about 60, staying in the low 24k range.
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 up to 4.2 percent (reporting period is for FEBRUARY) from 3.9 percent, Consumer confidence index down to 86.9 from 118.8 (April reporting period)
- 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:
- Tesla stock falls as extended shelter order dampens hope for California factory
- The ‘Great Repression’ is here and it will make past downturns look tame, economist says
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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