Here’s what you need to know:
- Oil-producing nations agree to cut production sharply.
- Questions loom about reopening the economy: ‘You can’t just pick a date and flip a switch.’
- Getting the economy back to normal may take 18 months, a Fed official says.
- Celebrating Easter, in empty churches. Some pastors resist.
- The outbreak in New York may be leveling off, but at a high level.
- F.D.A. chief urges caution on antibody tests.
- Lockdowns in some European countries are shifting, but not without heated debate.
Oil-producing nations agree to cut production sharply.
Saudi Arabia, Russia and other oil-producing nations completed an agreement on Sunday to slash oil worldwide oil production by nearly 10 million barrels a day.
Before the coronavirus pandemic caused major economies to seize up, 100 million barrels of oil fueled global commerce each day. But demand is now 35 percent lower than that daily pace, a plunge that has crushed oil prices. While significant, the cuts agreed to on Sunday are still fall far short of what would be needed to bring oil production in line with demand.
A tentative agreement was reached Thursday, but Mexico stood firm on its position to cut 100,000 barrels a day and not the 400,000 barrels that Saudi Arabia had pushed for. The final agreement, with Mexico’s smaller reduction, will cut 9.7 million barrels a day, instead of the full 10 million sought in the tentative pact. The United States, Brazil and Canada agreed to alter their production to cut the other 300,000 barrels a day.
“This is at least a temporary relief for the energy industry and the world economy,” said Per Magnus Nysveen, head of analysis of Rystad Energy, a Norwegian consultancy.
The agreement effectively ends a monthlong rivalry between Saudi Arabia and Russia that ignited an oil price war that threatened the operations of American companies that require higher prices. The current oil price, roughly $25 a barrel, is less than half what it was at the beginning of the year.
President Trump played a role in mediating differences among Russia, Saudi Arabia and Mexico. He backed Mexico’s refusal to go along with demands of larger producers, and persuaded Saudi Arabia to essentially give the Mexican national oil company a pass.
Saudi Arabia, Russia and other producers needed to make a deal to limit the buildup of inventories, which threatened to leave oil companies no choice but to shut down wells. Now the companies will have a little more time to adjust their output, as they hope that oil prices will remain stable if not gradually rise in the months ahead.
Questions loom about reopening the economy: ‘You can’t just pick a date and flip a switch.’
With most stores closed and millions of American filing for unemployment benefits, officials explored the question on Sunday of when and how to ease protective measures and start reopening the economy. The discussion came even as much of the country was dealt yet another reminder of just how much life has been upended by pandemic.
President Trump has been open about his eagerness to see stay-at-home orders lifted as soon as May. But officials who see the death tolls still rising in their cities and states urged caution, fearing that relaxing restrictions prematurely could allow the virus to surge once again.
“We could be pouring gas on the fire, even inadvertently,” Gov. Philip D. Murphy of New Jersey, a Democrat, said in an interview on CNN, explaining that while returning to a semblance of life before the outbreak was the goal, “it’s not Job No. 1., because right now, the house is on fire and Job No. 1 is to put the fire out.”
As the debate played out on the Sunday talk shows, millions of Christians in the United States celebrated Easter separated from their extended families and fellow believers, watching religious services broadcast on television or streamed online.
Presiding over Mass in a largely empty St. Peter’s Basilica in the Vatican, Pope Francis described “the contagion of hope” as he acknowledged that for many, “this is an Easter of solitude, lived amid the sorrow and hardship that the pandemic is causing, from physical suffering to economic difficulties.”
Indeed, the impact of the pandemic has intensified around the world. In Britain, where Prime Minister Boris Johnson has recovered from Covid-19 enough to be released from the hospital on Sunday, the total number of reported coronavirus deaths has surpassed 10,000. And officials in Russia reported more than 2,100 new cases on Sunday, the largest daily increase there since the start of the outbreak.
The United States also recently marked a grim milestone, surpassing Italy in the total number of confirmed coronavirus deaths, reaching its deadliest day on Friday with 2,057 deaths. As of Saturday night, the total stood at more than 20,500. On Sunday, New York, the epicenter of the virus, reported that another 758 more people had died, bringing total in the state to 9,385.
Tens of thousands more could die. Millions more could lose their jobs. And the president’s handling of the crisis appears to be hurting his political support in the run-up to the November election.
The pandemic has put more than 16 million people out of work in the United States in the space of a few weeks, forcing Mr. Trump to grapple simultaneously with the most devastating public health and economic crises in a lifetime. He finds himself pulled in opposite directions, with bankers, corporate executives and industrialists pleading with him to reopen the country as soon as possible, while medical experts beg for more time to curb the coronavirus.
Mr. Trump has acknowledged the gravity of the question of when to reopen the country. “I’m going to have to make a decision, and I only hope to God that it’s the right decision,” he said.
But the decision is not entirely his to make. The closures and movement restrictions now in place have largely been imposed through a patchwork of orders issued by states, counties and cities. Many governors have expressed wariness about lifting them prematurely.
“We’ve got to balance those needs,” Gov. Larry Hogan of Maryland, a Republican, said on the ABC program “This Week” about weighing public health concerns against economic considerations. “But, really, right now, the first thing is saving lives and keeping people safe. We do also have to think about how do we eventually ramp up and get some folks back to work. But you can’t just pick a date and flip a switch. I don’t think it’s going to be that simple.”
Arkansas is one of the few states not to impose a statewide stay-at-home order. Gov. Asa Hutchinson said on CNN Sunday said while such an order might have been essential in limiting the virus’s spread in other places, it was not as important in his state, most of which is far less densely populated than New York or New Jersey. “It just reflects the flexibility a state needs,” said Mr. Hutchinson, a Republican.
He noted that the hospitalization rate in Arkansas had been low so far. The state, with a population of 3 million, has reported 1,280 cases and 27 deaths through Sunday.
Arkansas has called for strict social distancing, but has allowed businesses to stay open and people to go to work. “That’s the important balance that we have in our state,” he added. “If we need to do more, we will do more.”
Dr. Anthony S. Fauci, the director of the National Institute of Allergy and Infectious Diseases, said on Sunday that reopening the country would not be an “all or none” proposition. Dr. Fauci said in an interview with CNN that restrictions must be lifted in a gradual manner to prevent a resurgence of cases. Computer models project that lifting all social-distancing measures at once nationally may set the stage for a rebound sometime in July.
“If all of a sudden we decide, ‘OK, it’s May, whatever, and we just turn the switch on, that could be a real problem,” Dr. Fauci said.
He said governors will need to manage a “rolling re-entry,” guided by testing results and local risk levels. “I think it could probably start, at least in some ways, maybe next month,” he said on the network’s “State of the Union” program, though he added, “Don’t hold me to it.”
Getting the economy back to normal may take 18 months, a Fed official says.
Policymakers should be thinking about the coronavirus as an 18-month problem, said Neel Kashkari, a Federal Reserve president who helped lead the response to the 2008 financial crisis as a Treasury Department official.
“This could be a long, hard road that we have ahead of us,” he said, adding that waves of flare-ups could make this last for 18 months, and officials should prepare for that by considering how to reopen the economy piecemeal.
“If it ends up being shorter than that, that’s great,” he said. “We should prepare for the worst-case scenario.”
Mr. Kashkari, who is president of the Federal Reserve Bank of Minneapolis, said that if the economic pain lasts, it could spill into the banking sector, even necessitating government intervention.
“People don’t pay their mortgage, a coffee shop doesn’t pay their landlord, the landlord then can’t pay the bank’s mortgage,” he said.
“Right now the banks are well capitalized relative to where they were in 2006,” he said, but if “this goes on long enough, it could produce strains on the banking sector, and then the Fed, and Congress and Treasury, would have to step in to make sure that the banks are sound.”
Celebrating Easter, in empty churches. Some pastors resist.
Millions of Americans tuned in to online church services Sunday morning to celebrate one of the holiest days of the Christian calendar. For most Christian denominations, today is Easter. (Most Orthodox churches will mark Easter on April 19.)
The vast majority of churches celebrated virtually, while a handful of pastors in states like Louisiana and Mississippi defied stay-at-home guidance and hosted in-person worship services, risking the health of their followers and their own arrests.
Others attempted something in between. In Franklin, Ky., Victory Hill Church hosted a service at a drive-in movie theater, where people worshiped in their cars.
In St. Patrick’s Cathedral in New York, Cardinal Timothy M. Dolan prayed over the communion cup and wine, his voice echoing across empty pews to the locked front door, as parishioners watched online.
President Trump said on Twitter that he would watch the online service of First Baptist Dallas, led by Robert Jeffress, a prominent Trump supporter who has said that non-Christian religions are sending their followers to hell. Vice President Pence said he would also attend church virtually.
On Sunday morning Mr. Trump posted a short video urging people to follow social distance guidelines on the holiday.
In Dallas, Mr. Jeffress thanked Mr. Trump from the pulpit of First Baptist for defending religious liberty. In his service on Sunday, Mr. Jeffress portrayed Mr. Trump as a supporter of religion, although the president does not regularly attend church or exhibit deep knowledge about the Bible.
Mr. Jeffress has lashed out at other faiths, calling the Catholic Church an instrument of Satan, describing the Church of Jesus Christ of Latter-Day Saints as “a cult,” claiming that Islam “promotes pedophilia”and saying that Jews, Muslims and others would go “to Hell.”
On the National Mall in Washington, a few people gathered on the steps of the Lincoln Memorial to sing hymns and watch the sun rise.
Restrictions on mass gatherings have frustrated a small number of religious conservatives, who see the rules as attempts to limit Christian practice. In Kentucky, a federal judge on Saturday blocked the mayor of Louisville, Greg Fischer, from restricting drive-in church services, noting that drive-in liquor stores were still open.
The Supreme Court of Kansas ruled late Saturday night to uphold Gov. Laura Kelly’s order limiting the size of church services on Easter Sunday to 10 people. Republican legislators had argued it restricted their constitutional freedoms.
The Department of Justice may take action next week against local leaders who have restricted in-person gatherings. Attorney General William Barr is “monitoring” government regulation of religious services, a Department of Justice spokeswoman said in a tweet on Saturday night.
“While social distancing policies are appropriate during this emergency, they must be applied evenhandedly & not single out religious orgs,” the spokeswoman, Kerri Kupec, wrote. “Expect action from DOJ next week.”
The outbreak in New York may be leveling off, but at a high level.
Gov. Andrew M. Cuomo said on Sunday that 758 more people had died in New York State, but that other data showed that virus’s spread was slowing in the state.
The governor’s morning update tracked closely with news from the state over the last week: daily death tolls approaching 800 and the rate of hospitalizations continuing to fall. The governor compared his experience of the outbreak to the film “Groundhog Day,” saying that each day felt like a repeat of the day before.
Mr. Cuomo again criticized the federal response to the coronavirus, saying that money had been misdirected, with states that were less hard hit getting a disproportionate share.
He said that he would sign an executive order requiring employers at essential businesses to provide employees with cloth or surgical face masks to wear when interacting with the public.
In all, the state has now had 9,385 deaths related to the coronavirus, the governor said.
Throughout January, as President Trump repeatedly played down the seriousness of the virus and focused on other issues, an array of figures inside his government — including top White House advisers and experts deep in the cabinet departments and intelligence agencies — identified the threat, sounded alarms and made clear the need for aggressive action.
Dozens of interviews and a review of emails and other records by The New York Times revealed many previously unreported details of the roots and extent of his halting response:
-
The National Security Council office responsible for tracking pandemics received intelligence reports in early January predicting the spread of the virus, and within weeks raised options like keeping Americans home from work and shutting down large cities.
-
Despite Mr. Trump’s denial, he was told at the time about a Jan. 29 memo produced by his trade adviser, Peter Navarro, laying out in striking detail the potential risks of a coronavirus pandemic.
-
The health and human services secretary directly warned Mr. Trump of the possibility of a pandemic during a call on Jan. 30, the second warning he delivered to the president about the virus. The president said he was being alarmist.
-
The health secretary publicly announced in February that the government was establishing a “surveillance” system in five American cities to measure the spread of the virus. It was delayed for weeks, leaving administration officials with almost no insight into how rapidly the virus was spreading.
Asked on Sunday morning whether lives would have been saved if Mr. Trump had followed recommendations on social distancing in late February, Dr. Fauci said on CNN, “It is what it is; we are where we are right now.” He added: “Obviously you could logically say that if you had a process that was ongoing and you started mitigation earlier, you could have saved lives, nobody’s going to deny that.”
Dr. Tom Inglesby, director of the Center for Health Security of the Johns Hopkins Bloomberg School of Public Health said on “Fox News Sunday” that “if we had acted on some of those warnings earlier, we would be in a much better position in terms of diagnostics and possibly masks and personal protective equipment and getting our hospitals ready.”
F.D.A. chief urges caution on antibody tests.
Coronavirus antibody tests have not always been accurate in other countries, and the United States should be careful not to approve their use too quickly, Dr. Stephen Hahn, the commissioner of the Food and Drug Administration, said on Sunday.
Antibody tests are not designed to detect whether someone is infected now; they tell doctors whether the person has been exposed to the virus at some point, and may have acquired some degree of immunity. So far, the F.D.A. has approved only one such test.
“There are a number on the market that we haven’t validated,” Dr. Hahn said on the ABC program “This Week.” “We do expect that relatively soon.”
Referring to reports from other countries of inaccurate antibody tests, he added: “I think it’s really important for the American people to know that we need tests that are accurate, reliable and reproducible.”
In an appearance on the NBC program “Meet the Press,” Dr. Hahn said, “What we don’t want are wildly inaccurate tests.”
Lockdowns in some European countries are shifting, but not without heated debate.
Across Europe, leaders moved gingerly to calibrate lockdown measures, leery of setting off surges in new infections as they seek to mitigate the economic disaster created by the virus.
In Denmark, schools and day care centers will reopen on Wednesday, with new instructions to prevent children from playing in large groups. Prime Minister Mette Frederiksen said the easing of restrictions was like “walking a tightrope,” even as hospitals in Denmark remained below full capacity, and deaths appeared to decline.
In Russia, officials on Sunday reported 2,186 new confirmed cases, the largest daily increase since the start of the outbreak, bringing the national tally to 15,770, with 130 deaths. Mayor Sergei Sobyanin of Moscow said that the city would introduce digital permits that will be required to travel by car, motorcycle, taxi and public transit.
The number of deaths in Britain topped 10,000 this weekend. As Prime Minister Boris Johnson was released from the hospital on Sunday after battling the virus, he issued a video address thanking the country’s health care workers and declaring that the struggle was “by no means over.”
“Let’s remember to follow the rules on social distancing,” Mr. Johnson urged.
In Germany, where gatherings of more than two people are banned, the police in Frankfurt were attacked with stones and metal pipes when they tried to break up a party of about 20 people late Friday. Around the country, hundreds of officers fanned out across parks and riverbanks to ensure that the rules were observed. Chancellor Angela Merkel will meet on Wednesday with state governors to discuss whether restrictions can be eased.
Spain, the only European country hit harder than Italy by the pandemic, was preparing to allow factories and construction sites to recall workers after the Easter holiday, even as the population remains under lockdown until at least April 26. Elected officials from the regional governments of Madrid and Catalonia, the two areas most affected by the virus, questioned the lifting of restrictions.
On Saturday, Isabel Díaz Ayuso, the conservative leader of the Madrid region, said she would respect the orders of the government, but warned that it would be “unforgivable” if the authorities allowed another wave of infections.
The toll of keeping Florida open during the spring break season has started to become apparent.
Weeks before Florida ordered people to stay at home, the coronavirus was well into its insidious spread in the state, infecting residents and visitors who days earlier had danced at beach parties and reveled in theme parks. Only now, as people have gotten sick and recovered from — or succumbed to — Covid-19, has the costly toll of keeping Florida open during the spring break season started to become apparent.
Gov. Ron DeSantis, a Republican, has blamed travelers from New York, Europe and other places for seeding the virus in the state. But the reverse was also true: People got sick in Florida and took the infection home.
The exact number of people who returned from leisure trips to Florida with the coronavirus may never be known. Cases as far away as California and Massachusetts have been linked to the Winter Party Festival, a beachside dance party and fund-raiser for the L.G.B.T.Q. community held March 4-10.
As of last week, 38 people had reported that they were symptomatic or had tested positive for the coronavirus in the weeks after the event, according to the organizer, the National L.G.B.T.Q. Task Force.
Another California man died after going to Orlando for a conference and then to a packed Disney World. Two people went to Disney and later got relatives sick in Florida and Georgia.
Slow action by Florida’s governor left local leaders scrambling to make their own closure decisions during one of the most profitable times of the year for a state with an $86 billion tourism economy. The result was that rules were often in conflict from one city to another.
The governor, who did not order people to stay home until April 1, has said the state supported local governments that ordered event cancellations and beach closures, but that it was not his role to step in first.
Scientists look at why some people are more infectious than others.
As the coronavirus tears through the country, scientists are studying the role of superspreaders, a loosely defined term for people who may infect a disproportionate number of others, whether as a consequence of genetics, social habits or simply by being in the wrong place at the wrong time.
The virus carriers at the heart of what are being called superspreading events can drive epidemics, researchers say, making it crucial to figure out ways to identify spreading events or to prevent situations, like crowded rooms, where superspreading can occur.
At the end of February, for example, when 175 Biogen executives gathered for a conference at the Boston Marriott Long Wharf Hotel, at least one was infected with the coronavirus. Two weeks later, 75 percent of the 108 Massachusetts residents infected with the virus were associated with or employed by Biogen.
But just as important are those at the other end of the spectrum: people who are infected but unlikely to spread the infection.
Distinguishing between those who are more infectious and those less infectious could make an enormous difference in how an outbreak is contained, said Jonathan Zelner, a statistician at the University of Michigan.
Brooklyn hospital sees hope, and new life.
The obstetrics unit at Brooklyn Hospital Center, which delivers about 2,600 babies a year, is typically a place of celebration and fulfilled hopes. Amid the coronavirus pandemic, it has been transformed.
Nearly 200 babies have arrived since the beginning of March, according to Dr. Erroll Byer Jr., chairman of the department of obstetrics and gynecology. Twenty-nine pregnant or delivering women have had suspected or confirmed cases of Covid-19, the disease caused by the virus. They have been kept separate from other patients. Mothers-to-be are confined to their rooms, and visitors are kept to a minimum. Multiple doctors and nurses in the department have fallen ill.
Even healthy pregnant women are anxious. “They don’t feel the happiness and joy that many people experience” at this time of life, Dr. Byer said. Worse, some pregnant patients who become sick are so scared of coming into the hospital — citing fear of the virus or of being alone — that they have delayed doing so. A few of them have become dangerously ill.
As at other New York hospitals, the surge of new patients with Covid-19 flattened this past week. But nearly 90 patients at the Brooklyn hospital who were confirmed or suspected to have the virus have died since March 1, 30 of them from Monday to Friday last week. Five staff members have also died. The crisis is not over, Dr. Byer and other physicians warned.
Pregnant women are thought to be at a similar risk for severe illness from Covid-19 as other people. But Dr. Byer said that more research was needed, particularly in communities, like Brooklyn, where obesity, diabetes and hypertension are common among expectant mothers.
But he is grateful: So far, not one mother or baby has been lost.
Lines for basic needs stretch across America.
Standing in line used to be an American pastime, whether it was camping outside movie theaters before a “Star Wars” premiere or shivering outside big-box stores to be the first inside on Black Friday.
The coronavirus has changed all that.
Now, millions of people across the country are risking their health to wait in tense, sometimes desperate, new lines for basic needs. Carefully spaced, people stretch around blocks and clog two-lane highways.
The scenes are especially jarring at a moment when freeways are empty and city centers are deserted. Public health officials are urging people to slow the transmission of the coronavirus by avoiding each other.
“It’s worrisome,” said Carl Bergstrom, a biologist at the University of Washington who studies pandemics. “It’s setting up unnecessary opportunities for transmission.”
In Milwaukee, Catherine Graham, who has a bad heart and asthma, left her apartment on Tuesday for the first time since early March to vote in the Wisconsin primary election.
“It was people, people, people,” Ms. Graham, 78, said. “I was afraid.”
She said she nearly turned back when she saw the line, but waited for two hours to cast a ballot. Every day since, she has been watching for symptoms of the coronavirus.
Guam is the center of the U.S. Navy’s coronavirus outbreak.
Strapped by the same problems facing health care workers around the world, including a limited supply of personal protective equipment, hospital beds and ventilators, Guam’s government is contending with how to help the crew of infected sailors on the aircraft carrier U.S.S. Theodore Roosevelt, which arrived on March 27. The outbreak on the ship ended up creating a moral crisis for the military.
As an American territory roughly 7,200 miles from the continental United States, Guam is home to Joint Region Marianas, a military command made up of Andersen Air Force Base on the northern part of the island that supports stealth-bomber rotations, and Naval Base Guam to the south, where four attack submarines are stationed to counter Chinese military expansion in the South China Sea.
Local residents, sailors from the Roosevelt and their loved ones described a complicated situation on the island. Guam is providing logistical support to the Navy while also trying to protect the local population from the coronavirus, which could quickly overwhelm Guam’s fragile health care system.
Reporting was contributed by Clifford Krauss, Rick Rojas, Knvul Sheikh, Sheri Fink, Jonah Engel Bromwich, Peter Baker, Elizabeth Dias, Katie Van Syckle, Jeanna Smialek, Nancy Coleman, Jack Healy, Tara Parker-Pope, Johnny Diaz, Patricia Mazzei, Frances Robles, Carl Hulse and Gina Kolata.
"oil" - Google News
April 13, 2020 at 02:46AM
https://ift.tt/3egQHqI
Coronavirus Live Updates: Risks of Reopening Economy Weighed - The New York Times
"oil" - Google News
https://ift.tt/2PqPpxF
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "Coronavirus Live Updates: Risks of Reopening Economy Weighed - The New York Times"
Post a Comment