Coronavirus live updates: Trump extends social distancing rules; Liberty University pushes back against NYT; US death toll tops 2,500 - USA TODAY
Coronavirus live updates: Trump extends social distancing rules; Liberty University pushes back against NYT; US death toll tops 2,500 USA TODAYView Full Coverage on Google News
Stocks were projected to extend losses again Monday as America entered the next week in its struggle against a coronavirus pandemic that has killed more than 2,500 people and prompted President Donald Trump to extend social distancing and self-isolation measures until at least the end of April.
Just last week, Trump said he wanted the country — most notably, the economy — “raring to go” by Easter, but after Dr. Anthony Fauci said Sunday that between 100,000 to 200,000 Americans could die due to the virus, Trump extended the social distancing and self-isolation timeline.
“The peak in death rate is likely to hit in two weeks,” Trump said at a briefing Sunday. “Nothing would be worse than declaring victory before the victory is won.” He estimated that by June 1, “we will be well on our way to recovery.”
The CDC, citing “extensive community transmission,” insisted that residents in New Jersey, Connecticut and New York refrain from non-essential travel for 14 days, effective immediately. The advisory does not apply to essential employees like truckers, public health professionals and those working in financial services or food supply.
In New York alone, close to 1,000 people have died.
The global death count was nearing 34,000 late Sunday, with more than 722,000 confirmed cases.
Anthony Fauci: Millions of Americans will be affected, thousands will die
Millions of Americans will be infected by the coronavirus before the crisis is over and 100,000 to 200,000 could die, Dr. Anthony Fauci said Sunday.
Fauci, director of the National Institute of Allergy and Infectious Diseases, said on CNN's State of the Union that computer models generally overestimate the final numbers, but that "we are going to have millions of cases."
Fauci sought to clarify his earlier remarks at the afternoon briefing, saying the numbers he provided were based on models examining the impact of the disease. However, he pointed out the possibility of 100,000 to 200,000 deaths hinged on limited measures being taken to reduce the spread of the disease.
“What we’re trying to do is not let that happen.” Fauci said. “So instead concentrating on the upper and the lower (estimates), we’re saying we’re trying to push it all the way down.
“We feel that the mitigation that we are doing is having an effect. It’s very difficult to quantitate it because you have two dynamics things going on at the same time. You have the virus going up and the mitigation trying to push it down.”
– Erick Smith
Dow futures fall again, signaling more 'volatility' among US stocks this week
Stocks were poised to extend losses Monday as the coronavirus pandemic deepened over the weekend, with the U.S. death total escalating.
On Sunday evening, futures for the Dow Jones Industrial Average fell more than 300 points, signaling another volatile week on Wall Street after it tumbled more than 900 points on Friday. Standard & Poor’s 500 futures lost 1.5%.
The stock market has shed more than 20% since touching records just over a month ago. Despite Friday's losses, the Dow still notched its biggest weekly gain since 1938, helped by promises from Congress and the Federal Reserve to provide aid for the economy and markets. But analysts caution that the recent rally could fade until there’s a long-term solution to fight coronavirus infections.
“Volatility will likely persist,” says Rusty Vanneman, chief investment officer at Orion Advisor Solutions. “It’s a race against the clock right now."
– Jessica Menton
Liberty University pushes back against NYT report on coronavirus on campus
Last week, despite college campuses closing all over the country, Liberty University in Virginia welcomed almost 2,000 back to campus amid the nation's coronavirus outbreak. The decision by university president Jerry Falwell, Jr. brought criticism from both campus and the surrounding community.
Then, Sunday afternoon, The New York Times published a story that claimed multiple students were experiencing coronavirus symptoms. But the university pushed back, labeling the report "false." Liberty president Jerry Falwell, Jr., was more blunt on Twitter: "Prime example of why you never believe anything @nytimes says about @LibertyU. Complete liars.”
– Lindsay Schnell