White House COVID task force urges residents to remain cautious as things improve
CDC director Dr. Rochelle Walensky explained Friday why those guidelines aren’t ready yet at the White House Coronavirus Task Force briefing. Ad“Six weeks ago, only 8% of seniors -- those most vulnerable to COVID -- had received a vaccination,” said White House advisor Andy Slavitt. States that allowed on-site dining in restaurants had a 3% increase in COVID deaths within 100 days. “I think the science is now following the messaging that we have, and the messaging has followed the science. “This is not the first report that demonstrates the impact of in-person dining and how cases and deaths will follow after in-person dining.
‘The next 3 months are pivotal,’ -- White House aims to vaccinate every adult by June
WASHINGTON, D.C. – Federal health officials are urging U.S. residents to hold on just for a few months longer. Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, said they are months away from being able to vaccinate every adult in the country. READ: Why Michigan officials felt now was right time to loosen COVID-19 restrictions“The next three months are pivotal,” Walensky said. How this plays out is up to us.”White House advisor Andy Slavitt said they hope the country will rally together and finish the race. The CDC is expected to release new guidelines Thursday on what fully vaccinated people can do to stay safe.
Birx says she plans to retire, citing strain on family
In an interview with the news outlet Newsy on Tuesday, Birx, 64, cited the strain the experience has put on her family. I think what was done in the last week to my family — you know, they didn't choose this for me," Birx told Newsy. "They've tried to be supportive, but to drag my family into this when it's — my daughter hasn't left that house in 10 months. White House press secretary Kayleigh McEnany wished Birx well in a tweet, although Birx did not say she is leaving immediately. "President @realDonaldTrump has great respect for Dr. Birx and likes her very much.cbsnews.com
Dr. Fauci says U.S. could return to normal by mid-fall if most people get Covid vaccine
"That would be able to protect even the vulnerables who have not been vaccinated, or those in which the vaccine has not been effective," Fauci said. To get back to normal, however, Fauci said between 75% and 85% of the population will need to to get inoculated against Covid-19. This week, 2.9 million of Pfizer's Covid-19 vaccine doses went out to 145 locations across the U.S., and more doses will hopefully come online if Moderna is granted an emergency authorization for their Covid-19 vaccine this week, Fauci said. The goal is to have roughly 40 million doses available by the end of the year, which would be enough to inoculate 20 million people since the vaccines require two doses, Fauci said. Earlier in the day, U.S. health officials told reporters vaccine deliveries in the U.S. remain on track, with another 886 orders expected to be shipped across the nation Thursday.cnbc.com
HHS Secretary Azar says Pfizer is expected to file FDA application for coronavirus vaccine Friday with Moderna soon to follow
Vice President Mike Pence listens to US Secretary of Health and Human Services Alex Azar speak during a White House Coronavirus Task Force press briefing in the James S. Brady Briefing Room of the White House on November 19, 2020. Health and Human Services Secretary Alex Azar said Thursday that Pfizer is expected to file an application to the FDA for emergency use of its coronavirus vaccine on Friday, with Moderna soon to follow. "Pfizer's partner, BioNTech, has announced that tomorrow they intend to file for emergency use authorization at the FDA," Azar said during the White House coronavirus task force's first public meeting in months. On Wednesday, Pfizer said it expected to submit an application to the FDA "within days' after a final data analysis found its coronavirus vaccine was highly effective and appeared to be safe. The news came two days after Moderna said preliminary phase three trial data showed its vaccine was 94.5%.cnbc.com
White House coronavirus task force holds news briefing
WASHINGTON – Members of the White House coronavirus task force held a news briefing on Thursday afternoon to discuss the federal government’s response to the coronavirus pandemic. The news conference comes as COVID-19 cases and hospitalizations surge across the U.S. Conditions inside the nation’s hospitals are deteriorating by the day as the coronavirus rages across the U.S. at an unrelenting pace and the confirmed death toll surpasses 250,000. The number of people in the hospital with COVID-19 in the U.S. has doubled in the past month and set new records every day this week. As of Tuesday, nearly 77,000 were hospitalized with the virus.
Coronavirus task force in first remarks in months notes rise in cases but expresses hope about vaccine
The White House's Coronavirus Task Force made remarks to reporters for the first time since July on Thursday, as cases and deaths continue to climb, but took no questions. The task force tried to balance emphasizing the need to remain vigilant, as cases rises, with hope as the vaccine comes online next month. The task force met Tuesday and warned of dire consequences if more mitigation measures aren't taken. The task force said the country could reach up to 2,000 deaths a day by Christmas, and recommended closing indoor dining and restaurants. The task force also suggested that Pence or President Trump urge Americans publicly to take more precautions.cbsnews.com
Watch: President-elect Joe Biden says US faces ‘dark winter,’ masks needed
WASHINGTON (AP) – President-elect Joe Biden is warning the United States is “still facing a very dark winter” as he unveils plans for addressing COVID-19 pandemic. Even as hopes of a vaccine lifted stocks, Biden said Monday another 200,000 lives could be lost before it is widely available. The Democratic president-elect and vice president-elect sat at separate, individual socially distanced tables and took notes as the members introduced themselves on Monday. The task force briefing was at the Queen, a theater in downtown Wilmington, Delaware, where Biden’s campaign built a studio and other communications infrastructure and has spent months organizing virtual meetings and speeches. Also part of the group is Rick Bright, a whistleblower who was demoted after criticizing the Trump administration’s pandemic response.
The White House hoped testing would keep the coronavirus out — but it didn't
Michael Reynolds | Bloomberg | Getty ImagesThe White House has for months relied on frequent, rapid coronavirus testing to keep its officials and staff safe, but President Donald Trump's diagnosis shows how testing alone cannot stop the virus. It should be implemented, they've said, alongside strategies like masking, social distancing, washing of hands and the quarantining of suspected patients. The White House, however, has relied largely on the screening of all staff and visitors of the White House for the virus with a rapid turnaround test. "They all think this should be done in combination with masks, social distancing and all the other recommended measures." The White House, in a statement to CNBC, said its procedures incorporate current CDC guidance and best practices both at the White House complex and while the president is traveling.cnbc.com
Dr. Deborah Birx visits Michigan: Thank you for following the guidelines
White House Coronavirus Task Force coordinator Dr. Deborah Birx visited Michigan Wednesday, after leaving Chicago, to discuss the states response to COVID-19. Tell the people here in Michigan, Thank you, for following the guidelines and the mandate in keeping your cases down, Birx said. Birx is hoping things wont become worse with Labor Day weekend days away. Were going into Labor Day. So lets over this Labor Day weekend really protect one another.
LIVE STREAM: President Trump leads first coronavirus task force briefing since April
WASHINGTON U.S. President Donald Trump will hold a White House coronavirus task force news briefing at 5 p.m. on Tuesday for the first time since April. The task force has held news briefings since then, but President Trump has not participated in them. Trumps resumption of the coronavirus task force news briefings comes as coronavirus (COVID-19) cases are spiking across the country. COVID-19 cases in the U.S. have been increasing by about 400,000 new cases each week since June 29. Texas reported an increase of 74,000 cases and California reported an increase of 64,000 additional cases in the last week.
Democrats say White House blocking CDC head from testifying
Director of the Centers for Disease Control and Prevention Robert Redfield, speaks during a White House Coronavirus Task Force briefing at the Department of Education July 8, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)WASHINGTON House Democrats are criticizing the White House for blocking the head of the Centers for Disease Control and Prevention from testifying at a public hearing on safely reopening the nation's schools. Democrats said they invited CDC officials, including director Robert Redfield, to testify at a hearing next Thursday but were rebuffed by the White House. A committee spokesperson said the panel asked for any CDC official to testify but was rejected. A White House spokesperson said Friday that Dr. Redfield has testified on Capitol Hill at least four times over the last three months.
CDC: No rewriting of guidelines for reopening schools
(AP Photo/Manuel Balce Ceneta)WASHINGTON Despite President Donald Trump's sharp criticism, federal guidelines for reopening schools are not being revised, the head of the Centers for Disease Control and Prevention said Thursday. Redfield commented a day after Trump complained the reopening guidelines were very tough and expensive and the CDC was asking schools to do very impractical things. Speaking of CDC officials, he tweeted, I will be meeting with them.!!!" On Wednesday, at a White House coronavirus task force briefing, Vice President Mike Pence said new CDC guidelines would be coming out next week. I want to make it very clear that what is not the intent of CDCs guidelines is to be used as a rationale to keep schools closed, he said. In his tweet on Wednesday, Trump did not clarify which of the CDC guidelines he opposed.
LIVE STREAM: White House coronavirus task force holds briefing
WASHINGTON The White House coronavirus task force will host a news conference at 11 a.m. on Wednesday to address the rising number of COVID-19 cases across the country. Other states like Texas and California also reported an increase of around 48,000 COVID-19 cases each in the last week. COVID-19 cases are climbing at a rapid pace in Arizona, Georgia, North and South Carolina and more states. As of Tuesday the state is reporting a total of 66,627 COVID-19 cases and 6,005 deaths. New Michigan COVID-19 cases per day since June 22:
As virus grows, governors rely on misleading hospital data
Public health officials and experts say the heavy reliance on statewide hospital data is a misleading and sometimes irresponsible metric to justify keeping a state open or holding back on imposing new limits. The issue of hospital capacity has gained urgency across the nation this week as Florida, Texas, California, Arizona and other states reported skyrocketing case numbers. Governors have repeatedly invoked hospital capacity in arguing against new business restrictions, though the dynamic began to shift Friday when Texas and Florida clamped down on bars amid an increasingly dire situation with COVID-19. Hospital beds in Houston are filling so fast that Texas Childrens Hospital is starting to treat adult patients, and 97% of ICU beds at Texas Medical Center were in use. Ducey has condemned as misinformation the notion that hospital space is running short, even as state data shows that 85% of Arizonas hospital beds are occupied.
Dr. Anthony Fauci says a second wave of coronavirus is 'not inevitable'
Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci speaks during an unscheduled briefing after a Coronavirus Task Force meeting at the White House on April 5, 2020, in Washington, DC. A second wave of the coronavirus outbreak in the United States "could happen" but is "not inevitable," White House health advisor Dr. Anthony Fauci said Wednesday. The U.S. can prevent another wave of Covid-19 as long as states reopen "correctly," Fauci said Wednesday morning in an interview on CNN. "We will have coronavirus in the fall," Fauci said in April. He told The Washington Post this month that he has "no doubt" there will be new waves of cases.cnbc.com
Front-line coronavirus workers could be vaccinated as soon as this year, Novavax CEO says
Workers on the front lines of the coronavirus pandemic will be first to receive a vaccine and that could come as soon as later this year, Stanley Erck, CEO of vaccine development company Novavax, said Tuesday. Novavax announced Monday that it has launched phase one clinical trials of its coronavirus vaccine candidate and it expects preliminary results in July. "I think everybody agrees that the first broad distribution will be to the front-line workers, the health-care workers," he said on CNBC's "Squawk Alley." Novavax has a long road to prove that its vaccine candidate is both safe for human use and actually effective in fighting the coronavirus. Erck said his company plans to price its potential vaccine on a tiered approach based on affordability.cnbc.com
Big banks temporarily shut out of small business loan portal, Treasury and SBA announce
"SBA and Treasury will evaluate whether to create a similar reserved time again in the future," the agencies said. The agencies want to "to ensure access to the PPP loan program for the smallest lenders," according to the email. The Treasury and the Small Business Administration said Wednesday that they will temporarily shut out big banks from the electronic loan portal used to submit applications for the government's small business relief program. "Relief for potentially thousands of small business owners and their employees will be delayed," Fromer said. "A better solution would be a fully operational system that allows banks of all sizes to provide support to Main Street."cnbc.com
Treasury Secretary Mnuchin says it was 'outrageous' for the LA Lakers to take a small business loan
Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Treasury Secretary Steven Mnuchin said Tuesday he was surprised that the Los Angeles Lakers one of the best-known and most-successful basketball franchises took a loan designed to help small businesses weather the coronavirus pandemic. "I'm not a big fan of the fact that they took a $4.6 million," Mnuchin told CNBC's "Squawk Box." Mnuchin added he "would have never expected in a million years that the Los Angeles Lakers" would take such a loan. AutoNation took a $77 million loan while investment manager Manning & Napier received over $6 million from the program.cnbc.com
Watch live: Trump meets with business leaders after White House cancels briefing
President Trump will meet with industry executives at the White House to discuss the U.S. response to the coronavirus pandemic. "What is the purpose of having White House News Conferences when the Lamestream Media asks nothing but hostile questions, & then refuses to report the truth or facts accurately. They get record ratings, & the American people get nothing but Fake News," Mr. Trump tweeted. How to watch the president's meeting with business leadersWhat: President Trump meets with industry executives on the COVID-19 responseDate: Monday, April 27Time: 4 p.m. More than 26 million Americans have applied for unemployment benefits, and White House adviser Kevin Hassett predicted Sunday the unemployment rate could top 16%.cbsnews.com
Trump says "it's exciting to see" the country reopening
President Trump said Friday at the White House Coronavirus Task Force briefing that there is evidence the "aggressive strategy" the government took is working. After only short statements from Mr. Trump, FDA Commissioner Dr. Stephen Hahn and Vice President Mike Pence, Friday's briefing ended without any questions from reporters. Shortly after, Axios reported that sources said Mr. Trump plans to "pare back" the daily briefings. At the beginning of the briefing, Mr. Trump claimed half of Americans live states opening their economies. "We're opening our country," Mr. Trump said.cbsnews.com
Trump says social distancing guidelines "may" be extended into summer or later
President Trump says the administration's social distancing guidelines "may" extend into summer, or perhaps beyond that, as states shift gears and plan the reopening of their economies. "We're winning this and we're gonna win it," Mr. Trump said as he opened up the briefing. During the briefing, the president floated the idea that somehow, doctors might be able to apply light to sick coronavirus patients. The Trump administration says sunlight, heat and humidity help kill the virus faster. President Trump said he will sign the legislation "I'm signing it probably tonight," he told reporters.cbsnews.com
Trump claims coronavirus "may not come back at all"
Highlights from the briefing:Trump says coronavirus may not come back, Fauci says it will persist in fall. President Trump on Wednesday claimed coronavirus "may not come back at all," after his own public health experts have told the country to be prepared for another wave of the virus in the fall and winter. And if it does come back, Mr. Trump claimed, it "will be coming back in smaller doses that we can contain." Mr. Trump said he told Kemp as much, that he strongly disagrees with the move to open up those businesses so quickly. Mr. Trump told reporters Tuesday his directive will suspend the processing of certain visas for 60 days.cbsnews.com
Trump says 60-day immigration ban will "help put unemployed Americans first in line for jobs"
"By pausing immigration, we'll help put unemployed Americans first in line for jobs as America reopens," Mr. Trump said. President Trump on Tuesday announced that he's suspending immigration to the U.S. for 60 days amid the coronavirus pandemic. Mr. Trump said the action will put unemployed Americans first in line for jobs and health care, and that it will apply to people seeking permanent residency. "By pausing immigration, we'll help put unemployed Americans first in line for jobs as America reopens," the president said during Tuesday's Coronavirus Task Force briefing. Mr. Trump tweeted late Monday plans to take executive action to temporarily suspend immigration to the country because of the illness.cbsnews.com
Trump says New York Governor Cuomo will visit Oval Office on Tuesday
Highlights from President Trump's Coronavirus Task Force briefing:Mr. Trump said Cuomo wants to visit the White House. President Trump announced during Monday night's Coronavirus Task Force briefing that he will meet with New York Governor Andrew Cuomo in the Oval Office on Tuesday. "They're getting it together in New York a lot of good things are happening in New York," Mr. Trump said at the task force briefing. Everything used to be "ventilators, ventilators, ventilators," Mr. Trump said, and now it's "testing, testing, testing." Mr. Trump said the number of deaths in the U.S. is projected to be between 50,000 and 60,000.cbsnews.com
Trump says Defense Production Act will be invoked to make swabs for testing
President Trump said Sunday that the Defense Production Act will be invoked to increase the production of swabs used for coronavirus testing. Mr. Trump invoked the Defense Production Act in March to require GM to produce ventilators. Mr. Trump on Sunday said the U.S. is the "king of ventilators" and now the focus will be on testing. Mr. Trump displayed a swab used in testing and said, thanks to the Defense Production Act, the U.S. will be getting swabs "very easily." Pence said he would be speaking to the governors of all 50 states Monday to discuss how the implementation of the Defense Production Act would impact testing going forward.cbsnews.com
Coronavirus Task Force members give update on COVID-19 response
Members of the Coronavirus Task Force, charged with leading the U.S. response to the coronavirus pandemic, held a briefing Saturday. The briefing came as some states are starting to relax stay-at-home orders, while others are bracing for the virus to hit its peak. President Trump has announced guidelines for states to begin reopening their economies. This event has ended.cbsnews.com
Trump says governors are "responsible" for testing
Highlights from the White House Coronavirus Task Force:President Trump repeated that he's leaving testing to governors. Earlier Friday, the president tweeted "LIBERATE MICHIGAN," "LIBERATE MINNESOTA," AND "LIBERATE VIRGINIA." President Trump reiterated Friday that he's leaving coronavirus testing to governors, one day after he announced guidelines for states to begin reopening their economies, "The governors are responsible for testing," the president said Friday. Delays in processing testing have slowed the testing system. The plan is expected to put much of the onus on states to develop sufficient testing and contact tracing systems.cbsnews.com
Small business rescue loan program hits $349 billion limit and is now out of money
Stephanie Keith | Bloomberg via Getty ImagesThe Small Business Administration's rescue loan program hit its $349 billion limit on Thursday and is now out of money as the nation's top Republicans and Democrats struggle to agree on how to restore its funds. The SBA website reads that it is "unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. The first-come, first-served Paycheck Protection Program of $349 billion, approved by Congress and signed by President Donald Trump in March, had promised to assuage some of the financial burden for the nation's smallest business owners. By Wednesday evening, $315 billion had been approved, a person familiar with the situation told CNBC. Though lawmakers appear close to extending funds for the programs, the pace at which U.S. small businesses exhausted the initial $349 billion program likely speaks to the extent and severity state-imposed business closures are having on restaurants, gas stations and other mom and pop retailers across the country.cnbc.com
Trump announces guidelines for reopening state economies
President Trump on Thursday announced that the White House's guidelines for beginning to reopen the country, which he said was reached with input from medical experts and scientists. CBS News obtained the guidelines, which are described in an 18-page document that puts much of the onus for testing, tracing and decision-making on governors. "We are not opening all at once, but one, careful step at a time," Mr. Trump said, adding that states will reopen their economies at different times. On a call with governors Thursday afternoon, the president told them, "You're gonna call your own shots." During Thursday's briefing, the president said a handful of states that have already meet the criteria could begin the new guidelines "literally tomorrow."cbsnews.com
Trump says he'll release guidelines on reopening economy tomorrow
Highlights from Wednesday's briefing:Trump said he'll release guidelines for reopening the country Thursday (tomorrow). Trump said he might adjourn Congress so he can make recess judicial appointments. President Trump announced he'll be releasing guidelines on Thursday on how to begin to reopening the economy. Mr. Trump insists he has total authority in the decision but is authorizing the states to reopen their economies individually. Mr. Trump said he'll make that announcement after speaking to all governors.cbsnews.com
Trump announces U.S. funding for WHO will be withheld, pending review
President Trump announced Tuesday that the U.S. will be withholding funding for the World Health Organization, pending a review. Mr. Trump imposed travel restrictions from China in late January, but has struggled to explain what he did with the time he bought. Mr. Trump said he may make the recommendations to open in some places before May 1, the White House's current target. Asked what he will do to governors who don't follow his administration's guidance and if their funding will be taken away, Mr. Trump said, "I don't want to say that." Mr. Trump said Monday his administration will soon release guidelines for how states can start reopening their economies.cbsnews.com
At COVID-19 briefing, Trump claims his authority is "total" and plays campaign-like video touting response
In the same briefing minutes later, the president claimed his authority as president of the United States is "total," and governors should know that. Mr. Trump blasted the New York Times by name. Asked about the video, Mr. Trump confirmed his own White House staff, including White House social media director Dan Scavino, compiled the video in the last two hours before the briefing. Pressed by reporters about the delineation of authority between the states and the federal government, Mr. Trump claimed his authority is "total." Mr. Trump said he's forming a number of commissions that will deal with topics including transportation and religion, getting their input and recommendations on how to restart the economy.cbsnews.com
Why Trump's claim that he has 'total' power to restart state economies is false
For one, they note that U.S. law gives state governors wide latitude to protect the health and safety of their constituents. During a press briefing on the coronavirus Monday, he said, "When somebody is president of the United States, the authority is total." Citing media reports that it would be up to governors when to "open up the states," Trump wrote, "this is incorrect. A White House spokesman did not immediately respond to questions from CNBC about what the president meant by this. Asked during the press briefing about his claim, he did not detail any specific legal underpinning for his claim of power.cnbc.com
Fauci expresses 'cautious optimism' coronavirus outbreak is slowing, US could start reopening in May
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Friday, April 10, 2020. White House health advisor Dr. Anthony Fauci on Sunday expressed "cautious optimism" that the deadly coronavirus outbreak is slowing down in the United States, and said that parts of the country may start to reopen as soon as May. Fauci, the director of the National Institute of Allergy and Infectious Diseases, warned on CNN's "State of the Union" that the entire country won't suddenly turn back on like a "light switch." Asked when parts of the U.S. could start to relax some of their strict social-distancing measures, Fauci said that the process could probably begin "at least in some ways, maybe next month." More than 530,000 people in the U.S. have tested positive for COVID-19, according to data from Johns Hopkins University.cnbc.com
Trump says he's not going to reopen economy 'until we know this country is going to be healthy'
Kevin Dietsch | Bloomberg | Getty ImagesPresident Donald Trump said on Friday that he will not reopen the economy "until we know this country is going to be healthy." "We're looking at a date, we hope we'll be able to fulfill a certain date, but we're not doing anything until we know this country is going to be healthy," Trump said during a White House press briefing. Trump said he also plans to announce an "Opening our Country Council" on Tuesday comprised of business leaders and doctors and potentially governors that will help determine how to reopen the economy. I've actually become friends with some of the Democrat governors that I wouldn't have really had the privilege of getting to know," Trump said. Trump said that he would be open to reshuttering the U.S. economy if it were opened initially but another outbreak of COVID-19 cases followed.cnbc.com
Trump to announce council for "opening our country" next week
The panel, separate from the Coronavirus Task Force, will be comprised of doctors and business leaders, the president said. The president said the task force will be broader than just an economic one. "Everybody would like to be on that council, it's a very important council," he said. When and how to reopen the nation's economy, Mr. Trump said, is the biggest decision he's had to make. For the first time, the U.S. is showing signs that the curve of coronavirus cases is beginning to level off, members of the Coronavirus Task Force said during Friday's White House briefing.cbsnews.com
Trump says US will 'help Mexico along' with its OPEC+ production cuts
President Donald Trump said on Friday that the United States would "help Mexico along" with oil production cuts that it is meant to make under a global deal to shore up slumping crude oil prices, but said the details had yet to be worked out. The comments suggest that Trump could be considering an unprecedented effort to orchestrate a production cut in the United States, historically the world's most vocal proponent of the free market. The group of oil producers known as OPEC+, including Saudi Arabia and Russia, had hammered out the framework of a record oil cut on Thursday to lift oil prices slammed by the coronavirus crisis. President Lopez Obrador said earlier on Friday that Trump had agreed help out by cutting additional U.S. output after Mexico offered OPEC+ a cut of just 100,000 bpd, a quarter of what the group demanded. He said Trump "very generously said to me that they were going to help us with the additional 250,000 (bpd) to what they are going to contribute."cnbc.com
Pence says Americans will begin to see checks at the end of next week
Eligible Americans with direct deposit with IRS will begin to see their coronavirus relief checks by end of next week. Vice President Mike Pence said eligible Americans with direct deposit set up with the IRS will begin to see their checks dispensed under the CARES Act at the end of next week. Pence said the nation is testing 100,000 people a day, and has topped testing 2 million people. More than 16,000 Americans have died due to COVID-19, and the number of confirmed cases is approaching half a million. More than 10 million Americans applied for unemployment benefits in March, and roughly 6.6 million Americans filed for unemployment in the week that ended April 4, the Labor Department announced Thursday.cbsnews.com
Trump plans to launch second coronavirus task force focused on economy
President Donald Trump pauses during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Wednesday, April 8, 2020. President Donald Trump is planning to launch a second coronavirus task force that focuses on the economic devastation caused by the pandemic, NBC News reported Thursday, citing a senior administration official. Trump could announce the task force as soon as this week. The Washington Post first reported on the task force. It was unclear when or where the idea of an economic task force first took root.cnbc.com
Trump says airlines could receive grant details this weekend as sources say around 275 applied
President Donald Trump said on Thursday that airlines could receive details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak, which sources told Reuters has received around 275 applicants. "We'll be probably putting out a proposal and giving them some of the very powerful details over the weekend. It's a very big package," Trump said, noting it will be "good for the airlines." The six largest U.S. airlines -- American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, JetBlue Airways and Alaska Airlines -- are expected to get around 90% of the package, people briefed on the matter told Reuters. The terms of any warrants are unclear and final numbers could still change as talks with the airlines continue.cnbc.com
Coronavirus outbreak should begin to turn around after 'bad week for deaths,' White House advisor Dr. Fauci says
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Saturday, April 4, 2020. Coronavirus deaths will continue to climb in the U.S. this week even as new cases near their peak and the rate of hospitalizations slow down, White House health advisor Dr. Anthony Fauci said Wednesday. "It's going to be a bad week for deaths," Fauci, the director of the National Institute of Allergy and Infectious Diseases, said on Fox News. Fauci said deaths generally lag behind other aspects of the outbreak such as new cases and hospitalization. After this week, the U.S. should see the "beginning of a turnaround," Fauci said.cnbc.com
Trump says he doesn't want to give a date for reopening the economy
President Trump said he doesn't want to give a date for reopening the country, even as he expresses a desire for that to happen as soon as possible. Mr. Trump has previously offered an Easter goal for relaxing social distancing guidelines and reopening businesses, before extending that to April 30. Meanwhile, conservative pundits like Laura Ingraham have been urging the president to jumpstart the economy on May 1. During Wednesday's daily briefing, Secretary of State Mike Pompeo told reporters the U.S. has repatriated 50,000 Americans on hundreds of flights since January. The program is aimed at assisting small businesses to ensure they don't lay off workers and can pay their bills.cbsnews.com
Processing delays heighten anxiety for small businesses tapping $350 billion rescue program
Kevin Dietsch | Bloomberg | Getty ImagesBanks are scrambling to process a growing backlog of applications for the U.S. program designed to funnel at least $350 billion in relief to small businesses struggling during the coronavirus pandemic. For instance, the two biggest U.S. banks, JPMorgan Chase and Bank of America, had a combined 625,000 in requests for $80 billion in loans as of Tuesday. "We are beginning to process those through to the SBA," Moynihan said Tuesday during a White House briefing. It was designed to give small businesses a lifeline with government-backed loans that are forgiven if used for payroll or other approved expenses. The system, which handled $28 billion in loans all of last year, forces users to restart applications if they are off by a single letter.cnbc.com
Your forgivable loan may be undercut by this provision of the Paycheck Protection Program
The Paycheck Protection Program earmarks up to $349 billion in low-interest loans for businesses with 500 or fewer employees. But business owners may owe more than they think if they don't pay close attention to the fine print. Those hoping to have their entire loan forgiven by being turned into a grant must use at least 75% of the funds for payroll costs. So, if a business' total payroll is $75,000, the maximum forgivable amount would be $100,000, he said. 'Forgotten gray area'That provision could make loans from the Paycheck Protection Program less attractive to certain small business owners especially those with high rents, few employees or low labor costs, Blake said.cnbc.com
Trump says he's considering ending funding to World Health Organization
Highlights from President Trump's press conference:Trump said he's considering ending funding to the World Health Organization. Trump said he's asking Congress for $250 billion more for the Paycheck Protection Program. New York suffers single deadliest day of coronavirus fatalitiesAmid the pandemic, the president said he's considering ending funding to the World Health Organization, claiming they side too often with China. Mr. Trump said he isn't necessarily going to go through with it, but he's taking that under consideration. As he touts the number of tests performed, Mr. Trump also continues to push the use of hydroxychloroquine, an antimalarial drug.cbsnews.com
Trump says USNS Comfort will now be used for coronavirus patients
President Trump said the USNS Comfort docked in New York will now be open to coronavirus patients, after the ship was initially meant to take only non-COVID-19 patients to free up beds in New York hospitals. Mr. Trump said New York Governor Andrew Cuomo had contacted him about the Comfort. Mr. Trump who late Friday night fired the intelligence community inspector general appeared to dismiss the report because it was written by an inspector general. Mr. Trump said, demanding that the reporter who asked the question give him the name of the inspector general who wrote the report. Mr. Trump continued to push the use of the anti-malarial drug hydroxychloroquine on Sunday, telling reporters it would be a "shame" if the drug is found to work and not used in U.S. hospitals.cbsnews.com
Trump says he will immediately ask for more small business money if relief fund runs out
President Donald Trump on Saturday said that he will "immediately" seek more funding from Congress if the employee retention programs included in the $2 trillion coronavirus relief bill run out of money. "This is money that's really going directly to the people who need it, the small businesses who need it, and the workers that need it," Trump said during a White House briefing on COVID-19. The legislation signed late last month allocated $350 billion for a loan program for businesses with fewer than 500 employees. It updated the figures in a post on Twitter on Saturday: $27 billion in loan applications from 122,000 clients. The surge in loan applications has worried some small businesses that the pool of money could run out, though administration officials have sought to tamp down on concerns.cnbc.com
Trump says "this will probably be the toughest week" of coronavirus crisis
President Trump emphasized the need to "get back to work" as the number of confirmed cases of coronavirus in the country topped 300,000 at Saturday's Coronavirus Task Force briefing, although he warned the upcoming week could be the "toughest week" so far. "This will probably be the toughest week between this week and next week, and a lot of death, unfortunately," Mr. Trump said at the beginning of the briefing. They'll admit it when this thing is over," Mr. Trump said, without providing evidence. Mr. Trump did say that 1,000 military personnel would be deployed to New York to assist with the crisis. We're the greatest backup that ever existed for the states," Mr. Trump said.cbsnews.com
Treasury makes coronavirus loan terms less favorable for small businesses
Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg | Getty ImagesThe Treasury Department changed the terms on some loans it's offering to small businesses during the coronavirus pandemic, making them less favorable for borrowers, experts say. The loans at issue are being made through the Paycheck Protection Program, which offers up to $10 million in forgivable loans to businesses with 500 or fewer employees. The program, which officially opened for many borrowers on Friday morning, will dole out up to $349 billion to ailing small businesses to help cover costs like payroll, rent and utilities. Banks were loath to offer loans under the initial terms and pressured federal officials to change them, according to Roger DaSilva, founder of Realm Startup Advisory, which serves as an outsourced chief financial officer for small businesses.cnbc.com
Trump announces CDC recommends cloth masks in public but says he won't wear one
The Centers for Disease Control and Prevention is now recommending that Americans wear cloth face coverings out in public, President Trump announced in a Coronavirus Task Force briefing Friday afternoon, emphasizing that the guidance is "voluntary." The CDC changed its recommendations to suggest that Americans wear non-medical-grade face coverings like a cloth mask when they go out, stressing that the supply of medical-grade masks needs to be reserved for health care workers. Mr. Trump added that he's feeling "good," and doesn't want to wear one as he sits behind the Resolute Desks and greets foreign dignitaries. During the briefing, First Lady Melania Trump tweeted to encourage everyone to wear a mask or face covering. Mr. Trump said U.S. is engaged in a "historic" battle to safeguard its citizens, urging people to stay at home.cbsnews.com
Trump says states need to "work out" competing bids for medical equipment for themselves
President Trump on Thursday said states need to work out competing bids for medical equipment among themselves, and continued to blame states for failing to stockpile medical equipment like ventilators. "Well they have that, and they have to work that out," Mr. Trump said, when asked about what should be done when states are fighting over orders of medical equipment. Mr. Trump said states "should have been building their stockpiles," adding that the federal government is a "backup." "We're a backup, we're not an ordering clerk, we're a backup, and we've done an unbelievable job," Mr. Trump said. The Trump administration also expects to have further guidance in the next few days on whether Americans should wear masks in public.cbsnews.com
Treasury Secretary Mnuchin says he's having ongoing discussions about infrastructure
Treasury Secretary Steven Mnuchin told CNBC on Wednesday he is talking with Congress about a potential infrastructure bill that would help boost the coronavirus-battered economy. This goes back to the campaign: The president very much wants to rebuild the country," Mnuchin told CNBC's David Faber. "And with interest rates low, that's something that's very important to him." The secretary's comments came a day after President Donald Trump called for the U.S. to spend $2 trillion on a massive infrastructure package. "The only one to fix the infrastructure of our country is me - roads, airports, bridges," Trump tweeted on May 12, 2015.cnbc.com
White House struggles to say how Americans can obtain health insurance amid COVID-19
President Trump and Vice President Mike Pence struggled to provide answers during Wednesday's Coronavirus Task Force briefing on how Americans who are uninsured can become insured during the coronavirus pandemic. Americans who are recently unemployed can apply for insurance under the Affordable Care Act, but the status quo will likely leave many in a gap without insurance. Mr. Trump recognized at Wednesday's briefing that China's numbers "seem to be a little bit on the light side," adding he's being "nice" when he says that. "The relationship is very good," Mr. Trump said of his relationship with Chinese President Xi Jinping. House Speaker Nancy Pelosi suggested the next measure would include an infrastructure component, which seems to have Mr. Trump's backing.cbsnews.com
White House advisor Fauci says coronavirus vaccine trial is on target and will be 'ultimate game changer'
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Tuesday, March 31, 2020. The first human trial testing a potential vaccine to prevent COVID-19 is "on track" with public distribution still projected in 12 to 18 months, which would be the "ultimate game changer" in the fight against the pandemic, White House health advisor Dr. Anthony Fauci said Wednesday. U.S. health officials have been fast-tracking work with biotech company Moderna to develop a vaccine to prevent COVID-19. They began their first human trials on a potential vaccine March 16. The trial had to test three different doses of the vaccine, Fauci said, adding that they've already tested the first two doses and are now administering the highest dose to human volunteers to see if there are any adverse reactions to it.cnbc.com
5 things to know before the stock market opens Monday
Jim Watson | AFP | Getty ImagesPreparing the nation for a death toll that could exceed 100,000 from the coronavirus, Trump on Sunday walked back his previous remarks about wanting to reopen the country for business by Easter. Coronavirus death toll in US tops 2,500Workers set up a field hospital in front of Mount Sinai West Hospital inside Central Park on March 29, 2020 in New York City. Spain surpasses China in coronavirus casesGlobal coronavirus cases increased to over 730,000 with 34,685 deaths and more than 149,000 recoveries. 2 to the U.S. in cases with about 97,700, has the worst death toll. Rounding out the top three, Spain just surpassed China in infections, with over 85,000 cases and more than double China's death toll at 6,803.cnbc.com
Stock market live Monday: Dow rises nearly 700, J&J vaccine hope, oil 18-year low
A 6% drop in Boeing shares capped the gains in the 30-stock average.The S&P 500 rose 3.35% and the Nasdaq rose 3.62%. The index, which measures the future volatility of the S&P 500 implied by options trades, has not closed below 60 since March 13. The S&P 500 and Dow Jones Industrial Average are on pace for their worst first quarter ever. The firm said the S&P 500 could reach 2,730 7% above where it closed Friday before turning lower again. On Monday, the Dow was set to open 25 points lower, while stock futures pointed to small gains for the S&P 500 and Nasdaq.cnbc.com
Trump extends distancing guidelines through April 30 to keep US death toll below 100,000
President Donald Trump reversed himself on Sunday, extending national social-distancing guidelines to April 30 in effort to keep the projected coronavirus death toll in the U.S. from reaching a catastrophic, worst-case scenario. Trump had suggested that the coronavirus death rate would likely peak within two weeks. "Nothing would be worse than declaring victory before the victory has been won," Trump said at an evening press briefing. Trump said his administration was extending the guidelines to avoid a major death toll. Trump said the administration is working to keep the projected death toll below 100,000.cnbc.com
Trump says he told Pence not to call governors who aren't 'appreciative' of White House coronavirus efforts
U.S. President Donald Trump speaks during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Monday, March 23, 2020. President Donald Trump said Friday that he instructed Vice President Mike Pence not to reach out to governors who aren't "appreciative" of his administration's efforts to slow the spread of the coronavirus in their states. When they're not appreciative to me, they're not appreciative to the Army Corps [of Engineers], they're not appreciative to FEMA. It's not right," Trump told reporters at a daily press briefing at the White House. It doesn't make any difference what happens," Trump also said he told Pence, who leads the U.S. response to the coronavirus.cnbc.com
Watch live: White House coronavirus task force holds briefing
(Copyright 2020 The Associated Press. All rights reserved)WASHINGTON – Watch coronavirus livestream coverage of the outbreak as COVID-19 spreads, impacting markets and daily life across the U.S. and abroad. As of Saturday more than 278,000 coronavirus cases were reported worldwide. To date globally more at least 11, 570 people have died.