Tag Archives for " Governor Cuomo "

Today’s Top Stories: May 7, 2020

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The Lede

Schumer, Pelosi set to unveil ‘Rooseveltian’ relief package

Editorial: They are right. Something very big and bold needs to be done, as economists are warning that 40 percent of the lost jobs thus far (33 million) will be permanent.

That signals, at least to me, that they expect a HUGE decline in GDP. And it’s not going to stop when the “economy re-opens.”

A. We’re going to get a second wave of infections.

B. Many people won’t go back to normal even when businesses open back up. I know I won’t be.

Schumer on Thursday said the fiscally cautious approach now being taken by Republicans like McConnell and House Minority Leader Kevin McCarthy (Calif.) reminded him of President Hoover’s response to the 1929 stock market crash and the onset of the Great Depression.

“The people like McConnell and McCarthy and even [President] Trump who say, ‘Let’s wait and do nothing,’ well, they remind me of the old Herbert Hoovers. We had the Great Depression — Hoover said let’s just wait it out. It got worse and worse,” Schumer said.

Hoover famously, and wrongly, predicted a rapid economic recovery in 1930. Instead, the Great Depression lasted until 1939.

Schumer said the better course of action is to follow in the footsteps of President Franklin Roosevelt, who oversaw the largest expansion of the federal government and is credited by many historians with helping to end the Great Depression.

Coronavirus update:

3,781,896 confirmed infections, up from 3,691,683 yesterday.
264,602 confirmed deaths, up from 258,256 yesterday.

US stats:

  • 1,231,943 confirmed infections, up from 1,206,886 yesterday.
  • 73,566 confirmed deaths, up from 71,220 yesterday.
May 7, 2020 COVID-19 pandemic map

Relevant COVID-19 stories:


Biden can’t shrug off Tara Reade allegation – Left bucks Biden over Reade allegation

Relevant Politics stories:

Economy Update:

Editorial: 3.17 million more jobs lost last week, bringing the total to about 33 million since the shutdown.

The Dow is up about 300 points, still in the high 23k range.

May 7, 2020 DJIA stock chart

Upcoming economic reports this week:

  • Tuesday – Trade deficit – $44.4 billion (March), slightly up from $39.8 billion in February.
  • Wednesday – ADP employment report – down 20.2 million jobs. It’s even worse than this report suggests. This is a lagging indicator. Wait until next month…
  • Thursday – Jobless claims – another 3.17 million down, productivity – down 2.5 percent (bright side: estimates were at 5.5 percent down)
  • 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:

Axl Rose, Steven Mnuchin and the pandemic Twitter feud no one saw coming

The Guns N’ Roses frontman called Mnuchin an expletive, prompting the treasury secretary to respond, “What have you done for the country lately?”

But just when it seemed like things couldn’t possibly get any weirder, Wednesday night rolled around with a Twitter feud no one could have anticipated: Guns N’ Roses frontman Axl Rose vs. Treasury Secretary Steven Mnuchin.

Axl Rose and Steven Mnuchin are apparently fighting on Twitter. I don’t think anyone saw that one coming.

— Jeffrey Goldberg (@JeffreyGoldberg) May 7, 2020

Rose threw down the gauntlet shortly before 6:30 p.m. Wednesday when he hopped on his seldom-used Twitter account and declared to his 1.2 million followers, without context, “Whatever anyone may have previously thought of Steve Mnuchin he’s officially an a–hole.”

“It’s official!” tweeted the rock star, who is a prominent critic of President Trump.

Then, in a move that prompted collective surprise, Mnuchin hit back.

“What have you done for the country lately?” he tweeted, tacking what appeared to be an emoji of the United States flag to the end of his response.

Upon closer examination, however, eagle-eyed social media users noticed that Mnuchin had actually used an icon of the flag of Liberia, which is nearly identical to the American flag except instead of 50 stars it has only one. The original tweet was deleted and replaced with one using the correct flag, but not before numerous images had been taken.

The flag mix-up didn’t escape Rose’s attention either.

“My bad I didn’t get we’re hoping 2 emulate Liberia’s economic model,” Rose tweeted sarcastically, before revealing what prompted him to go after Mnuchin in the first place.

“But on the real unlike this admin I’m not responsible for 70k+ deaths n’ unlike u I don’t hold a fed gov position of responsibility 2 the American people n’ go on TV tellin them 2 travel the US during a pandemic,” he wrote.

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Majority of new COVID-19 hospitalizations in New York are people who stayed at home

Majority of new COVID-19 hospitalizations in New York are people who stayed at home 1It underscores the need for people to double-down on protecting themselves and their families, the governor said.

The vast majority of New Yorkers still walking into hospitals with COVID-19 have been sheltering at home and avoiding mass transit. Very few were even traveling on foot or in their own cars on a daily basis, according to a survey of new patients from over 100 hospitals across the state over a three-day span. Of those surveyed, 66% were at home before entering the hospital.

Gov. Andrew Cuomo, who presented the preliminary findings on Wednesday, said they underscore the need for people to double-down on protecting themselves and their families with things like masks, hand washing and staying away from the most vulnerable.

“We were thinking that maybe we were going to find a higher percentage of essential employees were getting sick because they were going to work. That this maybe was nurses, doctors, transit workers—that’s not the case,” Cuomo said. Some 83% of new patients are out of work or retired, and aren’t even leaving their home on a daily basis.

“This is a surprise. Overwhelmingly, the people were at home,” he added.

Source: Majority of new COVID-19 hospitalizations in New York are people who stayed at home

Today’s Top Stories: April 10, 2020

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

Coronavirus update:

1,619,495, up from 1,502,618 yesterday.
97,200 deaths, up from 89,915 yesterday.

April 10, 2020 COVID-19 pandemic map

Relevant COVID-19 stories:

Economy Update:

April 10, 2020 DJIA stock chart
Source: The Street dot com

Upcoming economic reports this week:

  • Wednesday – FOMC meeting minutes
  • Thursday – weekly jobs claims (this is a big one) & PPI
  • Friday – CPI. Report shows consumer CPI fell by 0.4 percent, even as grocery prices rose due to the shortages caused by pandemic hoarding.

Relevant Economy stories:

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


Editorial: Trump’s press briefings are getting a lot of criticism. Some say the networks should stop airing them, as they’re full of lies and bad information.

Others say that Trump should let the experts do most of the talking.

Nobody–but NOBODY–is saying they’re right on the money.

He has a problem. But it’s hard to say whether his bungling of everything related to the COVID-19 outbreak will have an effect on the 2020 presidential election (if it even happens).

Relevant Politics stories:

Feel Good Song of the Day:

“Get Rhythm” by Johnny Cash. This one is more feel good for me because it’s personal. I grew up listening to Cash, Waylon, Charlie Pride, Barbara Mandrell, and other “old country” performers.

This one hits me in the heart because, as most country songs, it tells a story about a boy who has a shitty job but does it with gusto and is proud of his work.

You CAN have a crummy job and still do your best, take pride in your work, and go home happy.

Offbeat Story of the Day:

Cops: Woman Left Plastic Easter Eggs Stuffed With Porn Images In Mailboxes | The Smoking Gun

A Florida Woman placed plastic Easter eggs stuffed with pornographic images and other items in the mailboxes of scores of homeowners, according to cops who say they collared the “deranged offender” last night.Investigators allege that Abril Cestoni, 42, delivered the X-rated material over the past several days, resulting in her arrest on 11 counts of distributing obscene items.

Cestoni, who said she works at a Publix supermarket, is being held in the Flagler County jail in lieu of $13,000 bond.

A charging affidavit alleges that Cestoni, seen above, stuffed mailboxes with Easter eggs and a pamphlet containing “incoherent rants about local religious clergy” and “multiple pornographic images.”

One orange Easter egg, cops say, contained “1 goldfish cracker, 1 strawberry drink mix, 1 piece of toilet paper, and 2 pornographic images.”

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Cuomo: Millions and millions of tests needed to open economy

Cuomo: Millions and millions of tests needed to open economy 2

New York Gov. Andrew Cuomo (D) said Friday morning that millions of COVID-19 tests will need to be administered if the country’s economy is going to reopen safely and effectively.

“This is going to be a horrendous transformational period for us,” Cuomo said in an appearance on CNN’s “Morning Joe.”

“I don’t think we ever get back to normal. I think this is one of the new normals now in public health,” he said.

Source: Cuomo: Millions and millions of tests needed to open economy