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Today’s Top Stories: May 5, 2020

Today’s Top Stories is brought to you by My Daily Grind News.

The Lede

Models Project Sharp Rise in Deaths as States Reopen

An internal Trump administration report expects about 200,000 daily cases by June. The White House bars coronavirus task force officials from testifying to Congress without approval.

A Trump administration projection and a public model predict rising death tolls.

As President Trump presses for states to reopen their economies, his administration is privately projecting a steady rise in the number of coronavirus cases and deaths over the next several weeks. The daily death toll will reach about 3,000 on June 1, according to an internal document obtained by The New York Times, a 70 percent increase from the current number of about 1,750.

The projections, based on government modeling pulled together by the Federal Emergency Management Agency, forecast about 200,000 new cases each day by the end of the month, up from about 25,000 cases a day currently.

The numbers underscore a sobering reality: The United States has been hunkered down for the past seven weeks to try slowing the spread of the virus, but reopening the economy will make matters worse.

“There remains a large number of counties whose burden continues to grow,” the Centers for Disease Control and Prevention warned.


Coronavirus update:

3,606,038 confirmed infections, up from 3,529,408 yesterday.
252,151 confirmed deaths, up from 248,025 yesterday.

US stats:
1,180,634 confirmed infections, up from 1,159,245 yesterday.
68,934 confirmed deaths, up from 67,710 yesterday.

May 5, 2020 COVID-19 pandemic map
Source

Relevant COVID-19 stories:


Politics:

Watch: Senate Considers Intelligence Director Nomination Amid COVID-19 Disaster

Relevant Politics stories:


Economy Update:

Treasury plans to borrow $3 trillion from April through June as enormous coronavirus costs pile up

The Dow is up over 350 points, rising again into the 24k range.

May 5, 2020 DJIA stock chart
Source

Upcoming economic reports this week:

  • Last Friday – Motor vehicle sales (annual rate) 8.6 million, up from 7.3 million last month
  • Tuesday – Trade deficit – $44.4 billion (March), slightly up from $39.8 billion in February.
  • Wednesday – ADP employment report – more bad news? Yes.
  • Thursday – Jobless claims, Productivity – expect gruesome numbers
  • Friday – Unemployment rate – expect the unexpected

Source: https://www.marketwatch.com/tools/calendars/economic

Relevant Economy stories:

Learn how to turn your hobbies into hustles – check out Gig Economics.


Offbeat Story of the Day:

Florida Woman, 56, Busted After Allowing Her Breasts To Break Quarantine | The Smoking Gun

A Florida Woman who insisted to cops that she was allowed to go topless while cleaning out her garage–in full view of her neighbors–was arrested for indecent exposure, according to a police report.

Sponsored by the Drive Thru Jesus Show.


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Today’s Top Stories: April 16, 2020

Today’s Top Stories is brought to you by My Daily Grind News.

Make sure to read the “Feelgood Story of the Day” below.

Coronavirus update:

2,081,969 confirmed infections, up from 2,000,984 yesterday.
138,487 confirmed deaths, up from 128,071 yesterday.

April 16, 2020 COVID-19 pandemic map

Relevant COVID-19 stories:


Economy Update:

Another 5.245 million filed for unemployment last week, bringing the total to 22 million unemployed.

This means that all the jobs created in the past 11 years have vanished.

Yes, ALL the jobs created since the Great Recession have been lost.

Today's Top Stories: April 16, 2020 3
https://www.thestreet.com/quote/djia/dow-jones-industrial-average-today.html

Dow is fluctuating, beginning the day down around 300 and down about 200 as this goes to press, to the low 23k range.

Upcoming economic reports this week:

  • Wednesday – retail sales. This will be BAD. It was BAD – down 8.7 percent for March 2020.
  • Wednesday – business inventories. Down 0.4 percent.
  • Wednesday – homebuilders’ index and housing starts. April 2020: 30. March 2020: 72.
  • Thursday – weekly jobless claims. Will we have another new record? No. But another 5.245 million people lost their jobs last week.
  • Friday – Leading Economic Indicators (LEI). Wait for it…

Source: https://www.marketwatch.com/tools/calendars/economic

Relevant Economy stories:

Learn how to turn your hobbies into hustles – check out Gig Economics.


Politics

Elizabeth Warren said “Yes!” when asked if she’d accept Joe Biden’s invitation to be his running mate.

She got a little ahead of the story since Joe Biden hasn’t actually asked her yet.

He may. He’s already committed to nominating a woman.

Relevant Politics stories:


Feelgood Story of the Day:

Michael Che honors his late grandmother by covering rent for 160 public housing units

(CNN) Michael Che wants to honor his late grandmother who died after contracting the coronavirus. The “Saturday Night Live” star took to Instagram on Wednesday to announce that he plans to pay one month’s rent for all of the individuals living in his grandmother’s public housing complex. “It’s crazy to me that residents of public housing are still expected to pay their rent when so many New Yorkers can’t even work,” Che wrote in the post. “Obviously I cant offer much help by myself. But in the spirit and memory of my late grandmother, I’m paying one month’s rent for all 160 apartments in the NYCHA building she lived in.”


Offbeat Story of the Day:

Sponsored by the Drive Thru Jesus Show.

Woman Busted Over “TikTok” Fight With Galpal | The Smoking Gun

APRIL 15–Like many quarantined twentysomethings, a Florida Woman and her girlfriend were passing the day online yesterday when a “verbal altercation” over TikTok videos allegedly turned violent, leading to a domestic battery arrest.

According to cops, Ashley Stupi, 23, slapped her 24-year-old girlfriend “with open hands” during a scuffle Tuesday afternoon in the victim’s St. Petersburg apartment. The victim, cops reported, sustained “minor scratches on her arms and legs.”


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Woman Busted Over “TikTok” Fight With Galpal | The Smoking Gun

Woman Busted Over "TikTok" Fight With Galpal | The Smoking Gun 4APRIL 15–Like many quarantined twentysomethings, a Florida Woman and her girlfriend were passing the day online yesterday when a “verbal altercation” over TikTok videos allegedly turned violent, leading to a domestic battery arrest.According to cops, Ashley Stupi, 23, slapped her 24-year-old girlfriend “with open hands” during a scuffle Tuesday afternoon in the victim’s St. Petersburg apartment. The victim, cops reported, sustained “minor scratches on her arms and legs.”

Source: Woman Busted Over “TikTok” Fight With Galpal | The Smoking Gun

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