Latest News BERLIN (dpa-AFX) – Union fraction leader Ralph Brinkhaus sees the planned corona stimulus package as an opportunity to prepare Germany for the future. "It is not about restoring the state of February 2020 and only existing … information about news & analysis, prices, charts, contracts, trading Fox News is apologizing for an infographic that aired on Special Report with Bret Baier on Friday that showed historic stock market reactions to racial unrest sparked by the assault or killing of African American men. The graphic showed market gains after the assassination of Martin Luther King Jr., Government officials denied they had suppressed information about the outbreak and said China had set a strong example for how to combat it. India overtakes Italy as the sixth worst hit country by the coronavirus pandemic after another record single-day spike in confirmed infections, bringing the total to 236,657 cases. The World Health Organization (WHO) has changed its position on face masks and is now encouraging people to wear them in crowded places, citing anecdotal evidence that supports…
I always describe the stock market as a temporal conundrum. What I mean by that is that the stock market is basically a perpetual instrument whose future cash flows are unknown, so its price movements end up looking like a series of random guesses about the future. Sometimes it makes overly optimistic guesses and sometimes it makes overly pessimistic guesses. But, on average, it gets those prices pretty close to “right”.
This is wildly different from something like a AAA 1% 1-year CD, an instrument whose income and time horizon is damn near certain, so you don’t get crazy principal changes across time. I’ve always said I like to think of the stock market like a 30-year high yield bond with a 6-7% coupon. You can be fairly certain what the instrument will pay out over several decades, but good luck guessing what it will do in any given day, month or year because no one knows how that 6-7% will get paid out across time.
More importantly, this “conundrum” becomes exacerbated at times as the stock market ebbs and flows as it becomes excessively optimistic or pessimistic about the future. For instance, in 1999, you could argue that the stock market was overly optimistic about the short-term impacts of the Internet. So, future prices were bid way up in an unsustainable manner that resulted in a bubble that was detached from short-term reality. Or, in 2009, prices collapsed as investors began to price in a 1929-style economic outcome and future prices got pulled into the present and eventually recovered as that unsustainably negative expectation failed to materialize.
That brings me to the current environment. One which people seem to resoundingly believe is manipulated by the Fed or detached from economic reality. Yes, I get it. And I agree to some degree. The stock market doesn’t look all that attractive by many measures. But what if the stock market is exactly right about what is going on? What if it’s just pulled that temporal conundrum way into the future like it does at times? Let me elaborate.
So, we came into the year expecting more of the same – benign growth, but stable. Then the COVID meteor hits. Prices collapse. Great Depression talk was rampant. The stock market undergoes its fastest downturn ever. Then things start to improve. China’s COVID cases disappear. Italy’s cases slow massively. The USA’s cases peak. The government fires a huge bazooka at the economy. And suddenly, the Great Depression 2.0 scenario starts to look pretty wrong. Prices stablize. Then start going up. And prices just keep going up. And up. And up. And here we are.
But consider this. What if the recovery is basically priced in? What if we got our V-shaped stock market recovery which pulled recovery style prices into the present and now prices more or less flat line in the future (see figure 1)? What if, unlike a 2009 style “swoosh” market recovery, we just got that recovery much more quickly? In fact, this is what happened in 1919 during the Spanish Flu. Stock markets collapsed 25% then recovered quickly and were dead money for a few years before the Roaring 20s really took off.
Could the same thing be happening here? I think so. And, if I am right, then two things can be true:
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Author: Posted By: Editor
Brinkhaus on stimulus package: 'smart investments in the future'
BERLIN (dpa-AFX) – Union fraction leader Ralph Brinkhaus sees the planned corona stimulus package as an opportunity to prepare Germany for the future. "It is not about restoring the state of February 2020 and only maintaining existing structures. We must now set the course for the coming years," said the CDU politician to the editorial network Germany (RND, Saturday). "Corona caused a terrible break. But this break is also an opportunity to push ahead with important tasks such as digitization." It is now about "smart investments in the future".
When asked whether there was a financial ceiling, Brinkhaus said: "Now we have to get the pandemic under control. We need money for that. A lot of money." But he wants to work towards "that we will have a government debt ratio of less than 60 percent of GDP in the next ten years". The debt ratio is the ratio of debt to total nominal economic output. According to the Bundesbank, it had fallen below the 60 percent mark for the first time since 2002 in Germany last year. To finance the corona measures, the federal government is borrowing heavily this year.
The black-red coalition wants to make decisions about an economic stimulus program immediately after Pentecost.
Brinkhaus was critical of calls for a purchase premium for cars: "I never made a secret of the fact that I am very critical of purchase or scrappage awards." The pressure from companies, unions and prime ministers is very high. The group leader is skeptical about the reduction in value-added tax brought up by the Young Union: "We should prefer to promote precisely."
Brinkhaus does not consider it technically feasible to bring forward the agreed partial abolition of the solidarity surcharge this summer. "And the SPD is not in a position to completely dismantle the soli. Unfortunately, we are going around in circles here. Therefore, we should concentrate on the other forward-looking elements of an economic stimulus package." Union economic politicians in the Bundestag had called for a complete abolition of solos by July 1 / sku / DP / fba
Fox News Apologizes For Infographic That Showed Stock Market Gains After Martin Luther King Assassination, Other Moments Racial Unrest
Fox News is apologizing for an infographic that aired on Special Report with Bret Baier on Friday that showed historic stock market reactions to racial unrest sparked by the assault or killing of African American men.
The graphic showed market gains after the assassination of Martin Luther King Jr., the acquittal of police officers in the Rodney King case, and the deaths of Michael Brown and George Floyd.
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“The infographic used on Fox News Channel’s Special Report to illustrate market reactions to historic periods of civil unrest should have never aired on television without full context. We apologize for the insensitivity of the image and take this issue seriously.”
Baier also tweeted the network’s apology.
On Friday, Baier had turned to Fox Business correspondent Susan Li for a segment on the economy and stock market. She first gave a report on jobs and individual stocks, before turning to the topic of the graphic. As it was shown, Li said, “Stock markets hitting new highs despite the nationwide protests this week, historically there has been a disconnect between what investors focus on and what happens across the rest of the country. For instance, in 1968, the week after the tragedy of Martin Luther King, the S&P 500 rose over 2%, also up the week after the Rodney King ruling, and Wall Street trading on the reopening instead, this year in 2020.”
The camera then turned back to her and she said, “Despite the positive surprise in the jobs market last month — the average Wall Street economist is still predicting the US economy to shrink by at least a third in the year’s second quarter from April to June. But may be encouraged now — to predict a faster recovery in the back half of the year.”
Other publications, like Fortune and The Wall Street Journal, have used similar data in stories on stock market reaction to the unrest.
But the Fox News graphic triggered harsh criticism on Twitter on Friday night, and Rep. Bobby Rush (D-IL) tweeted, “This is absolutely outrageous and disgusting. This graphic tells every single @FoxNews viewer that Black lives can be exchanged for market gain.”
Michael Steele, the former chairman of the Republican National Committee, wrote, “This is how they mourn the loss of black men at #FoxNews – by how much the stock market goes up. What. The. Hell!”
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Author: Ted Johnson
China Defends Its Coronavirus Response
Government officials denied they had suppressed information about the outbreak and said China had set a strong example for how to combat it.
Published June 6, 2020Updated June 7, 2020, 6:20 a.m. ET
The Chinese government on Sunday strongly defended its handling of the coronavirus, pushing back at criticism that officials had suppressed early reports of the outbreak and contending instead that China had set a strong example for how to combat it.
A top Chinese official said at a news conference in Beijing that the government and state news media had provided early, timely and extensive information since the first cases appeared in Hubei Province late last year. In an apparent reference to the Trump administration’s numerous assertions that China is to blame for the subsequent pandemic, he complained bitterly about what he described as foreign lies and slanders.
“Those are completely unwarranted and unreasonable,” said the official, Xu Lin, who oversees the State Council Information Office. On Sunday the agency published a detailed report on China’s epidemic response.
Ma Xiaowei, the minister in charge of the National Health Commission, also said that China had “not delayed in any way” the release of information about the disease.
The report is an attempt by the Chinese government to provide a comprehensive narrative for the epidemic, ignoring any early missteps. It describes local and provincial officials as having faithfully implemented the instructions of the central government, without mentioning that some of these officials were hurriedly replaced after initial problems.
Critics have pointed out that while Chinese scientists moved quickly to identify the new virus and share their findings internationally, political leaders were slower to act, ordering police investigations of doctors who tried to sound the alarm in late December.
As the U.S. and other countries struggle to bring their outbreaks under control, China has largely returned to normal life, with its last remaining high-risk area, a district in the northeastern city of Jilin, lowering its epidemic response level on Sunday. The government reported six new cases across the country on Sunday, including five that originated abroad and one that was transmitted locally in the southern island province of Hainan. Since the outbreak began, the Chinese mainland has recorded more than 89,000 cases and more than 4,600 deaths.
U.S. states face different challenges in controlling the spread of the virus.
With states beginning to allow varying degrees of economic reopening, large protests against police brutality being held in dozens of cities and warmer weather inviting people outside, forecasters tracking the Covid-19 pandemic in the United States are approaching a difficult juncture.
While the portrait of the country over all has improved significantly in recent weeks, epidemiologists have cautioned that different states are likely to experience very different challenges now in measuring and controlling the virus’s spread.
According to data compiled by The New York Times, more than a third of states are still seeing new infections increasing. But as many of them move ahead with reopening plans, their outcomes may depend on factors like how stressed their health care systems have been and how far they are along the curve.
In some relatively large states such as North Carolina and Arizona, increased testing suggests that infections are still climbing quickly and may spike further as more people venture out.
In another group are states that have achieved modest declines in new cases, but where the sheer number of people already infected remains the main source of concern. Even as states such as Maryland or Connecticut have seen small declines in new infections, both still have alarmingly high counts per capita, which have taxed health care systems for weeks.
The fear for states in the second category is that with scores of people already infected, recent declines could be quickly erased through increased social contact in the months ahead, threatening health care systems anew.
Japan’s embrace of face masks may be the secret to its virus-fighting success.
When the coronavirus arrived in Japan, people did what they normally do: They put on masks.
Face coverings are nothing new there. During flu and hay fever seasons, trains are crowded with commuters half-hidden behind white surgical masks. Employees with colds, worried about the stigma of missing work, throw one on and soldier into the office.
Japan has reported more than 17,000 infections and just over 900 deaths, while the United States, with a population roughly two and a half times as large, has topped 1.9 million cases and is approaching 110,000 deaths.
“Japan, I think a lot of people agree, kind of did everything wrong, with poor social distancing, karaoke bars still open and public transit packed near the zone where the worst outbreaks were happening,” Jeremy Howard, a researcher at the University of San Francisco who has studied the use of masks, said of the country’s early response. “But the one thing that Japan did right was masks.”
During the pandemic, scientists have found a correlation between high levels of mask-wearing — whether as a matter of culture or policy — and success in containing the virus.
“I think there is definitely evidence coming out of Covid that Japan, as well as other countries which practice mask-wearing, tend to do much better in flattening the curve,” said Akiko Iwasaki, a professor of immunobiology at Yale.
Prince William counts as one among thousands of British volunteers assisting on a crisis help line during the coronavirus lockdown, Kensington Palace announced in a message marking the end of Volunteers’ Week.
“I’m going to share a little secret with you guys, but I’m actually on the platform volunteering,” Prince William, the Duke of Cambridge, said during a video call in which he and his wife, Catherine, the Duchess of Cambridge, thanked volunteers for their work.
In a statement, Kensington Palace said Prince William had been volunteering for Shout85258, the country’s first 24/7 crisis text line, which the couple launched in 2019 with Prince Harry and Meghan, the Duke and Duchess of Sussex.
“The Duke is one of more than 2000 Crisis Volunteers who are trained to support anyone, anytime, whatever their crisis may be,” the palace said. “Last month, the Duke and Duchess marked the service’s first anniversary by speaking to five Shout volunteers via video call.”
More than 300,000 text conversations have taken place between volunteers and people needing mental health support, The Associated Press reported. More than half of the people texting are under 25.
In the full eight-minute video that the palace shared on social media, Catherine noted that although the coronavirus pandemic had been “such pressure for everybody,” communities pulled together and people stepped up to volunteer.
There have been at least 284,800 confirmed cases of the coronavirus in Britain, according to the British public health authorities. At least 40,000 people have died from the virus.
Brazil’s government on Friday removed comprehensive numbers on coronavirus cases and deaths from the Health Ministry’s website, claiming without offering evidence that state officials had been reporting inflated figures to secure more federal funding.
Carlos Wizard, a businessman recently appointed by President Jair Bolsonaro to a top job in the ministry, told the newspaper O Globo on Friday that the government suspects state officials have been including deaths from other causes in the coronavirus tallies they report to the federal government.
“Local officials, driven purely by a desire to get more funding for their cities, labeled everyone as Covid,” Wizard said. “We’re reviewing those deaths.”
The accusation outraged public health experts. Several noted that Brazil has a sophisticated health surveillance system and that there is a broad consensus among epidemiologists that a lack of testing worldwide has resulted in a gross undercount of deaths from Covid-19, the disease caused by the coronavirus. And an analysis by The New York Times found that coronavirus deaths in five Brazilian cities appeared to be vastly underreported.
Mr. Bolsonaro has come under withering criticism at home and abroad for his cavalier handling of the pandemic. He has sabotaged quarantine guidelines issued at the state level, calling them ruinous for economic growth. On Friday, he threatened to pull Brazil out of the World Health Organization, which has urged countries with increasing outbreaks to adopt social distancing guidelines.
As of Saturday, Brazil had more than 669,000 confirmed cases, second only to the United States, and more than 35,000 deaths. In recent days, Brazil has led the world in the number of new deaths reported each day.
The National Council of Health Secretaries, which represents municipal health officials, called Mr. Wizard’s accusation outrageous.
“This authoritarian, insensitive, inhumane and unethical attempt to erase people who have died from Covid-19 will fail,” the council said. “We are not mercenaries of death.”
As the country’s caseload exploded in recent weeks, Mr. Bolsonaro fired his health minister and replaced him with a doctor who lasted less than a month on the job.
Since mid-May, the health ministry has been led by an active duty general with no medical experience, and military officers have stepped into several top jobs as career health officials resigned.
From London to Sydney, crowds of people around the world defied public health warnings and turned out in solidarity with U.S. protesters calling for justice in the death of an African-American man, George Floyd, killed in policy custody in Minneapolis. Health experts have warned that the demonstrations could accelerate the spread of the coronavirus, especially among people not wearing masks.
In Australia, huge crowds turned out in Sydney, Melbourne and many other communities in support of the Black Lives Matter movement calling for an end to systemic racism and Aboriginal deaths in police custody.
The health minister in Britain urged residents not to gather for demonstrations in London, Manchester and Birmingham. But large crowds appeared — despite the cold weather, the rain and warnings by the police that mass gatherings would violate the rule that only six people from different households could gather outside during the pandemic.
Police in Northern Ireland announced on Saturday that organizers of “Black Lives Matter” protests in Belfast and Derry will be reported to the Public Prosecution Service for breaking coronavirus restrictions.
“We estimate there were less than 500 people in attendance at each event and a significant number of Community Resolution Notices (CRNS) and fines were issued,” said Assistant Chief Constable Alan Todd, who added that “Health Protection Regulations are in place to protect us all during this pandemic and it is everyone’s responsibility to adhere to them to protect our society.”
In Paris, on a day the Palace of Versailles reopened to visitors and tourists, the authorities barred people from gathering in front of the United States Embassy, but thousands protested there anyway in the late afternoon, as well as near the Eiffel Tower, echoing a protest earlier this week that drew nearly 20,000 people in memory of Adama Traoré, a Frenchman who died in police custody in 2016. On Friday, police officially banned protests on the Champ-de-Mars for June 6, citing coronavirus concerns.
And in the German cities of Berlin and Cologne, thousands responded to social media calls to take to the streets to honor Mr. Floyd. The protests came after a week of demonstrations in cities like Hamburg and Frankfurt.
Fury against racism and police brutality has also brought crowds into the streets of Belgium, Canada, Sweden and Zimbabwe. In other parts of the world:
Art Basel, the centerpiece of the European art market calendar, is canceled. The 50th anniversary edition of the event in Basel, Switzerland, was to feature more than 250 international galleries and had already been postponed.
Saudi Arabia reimposed a curfew in the Red Sea city of Jeddah from 3 p.m. to 6 a.m. for two weeks starting on Saturday, halted prayers in the city’s mosques and suspended work in offices because of a rise in the spread of the coronavirus, the state news agency SPA reported.
Russia on Saturday reported 8,855 new cases of the coronavirus, pushing the total number of infections to 458,689, and 197 deaths in the past 24 hours. The nationwide death toll has reached 5,725.
In Corpus Christi, the oil and gas and vacation town on the southeastern coast of Texas, it can be tough to find people who have experienced the coronavirus’s devastation, or even know someone who has. But people hit with job losses or business closures? They are everywhere.
Theresa Thompson has been furloughed from her position as a catering and events manager at a Holiday Inn. Richard Lomax has seen sales fall by more than 90 percent at the two restaurants his family owns. Brett Oetting, chief executive of the tourism office, has been working with countless businesses struggling to navigate the economic collapse.
None of them knows anyone local who has been sickened by the virus.
In corners of the United States facing financial ruin, but where the coronavirus hasn’t arrived in full, a New York Times analysis of economic and infection data helps explain why some see reopening as long overdue. The sharp disconnect between extreme economic pain and limited health impact presents local officials and businesses with difficult choices, even after Friday’s encouraging jobs report suggested more of the country was returning to work.
“In the first two weeks when they said this was coming, I was like, ‘Let’s all stay in, hunker down, and if we all do this, that can help while we figure out what is going on,’” said Stephanie Anderson, a real estate agent in Satellite Beach, Fla.
But since “places here aren’t producing mass death,” she said, “don’t tell me I can’t open my business in a responsible manner.”
Some business owners and workers in these communities have embraced reopening because of their firsthand experiences. Many are angry or confused. Others plead for caution. But most agree the virus has not posed the local public health threat that so many were expecting — even while acknowledging that things could get worse and the numbers would most likely already be higher with more testing.
Here are some other recent developments on the economic impact of the pandemic:
African-Americans and Latinos are especially vulnerable to job losses in the pandemic and at a disadvantage in getting government support.
Economists warn that encouraging job numbers may mask a huge, slower-moving slump in demand, and imperil stimulus measures required to combat it.
In New York, a ‘big sigh of relief’ as the daily death toll falls to 35.
The weekend ahead of New York City’s start of gradual reopening, Gov. Andrew M. Cuomo reported 35 new coronavirus deaths statewide, a drop of seven from the day before and the lowest daily total in the last two months.
“This is really, really good news compared to where we were,” Mr. Cuomo said Saturday during his daily briefing in Albany. “This is a big sigh of relief.”
Under Phase 1 of reopening, set to begin Monday, retail stores will be allowed to open for curbside or in-store pickup, and nonessential construction and manufacturing can resume, returning as many as 400,000 people to the work force.
“You want to talk about a turnaround — this one, my friends, is going to go in the history books,” Mr. Cuomo said. “There is no state in the United States that has gone from where we were to where we are.”
Mr. Cuomo also announced he was expanding the occupancy guidelines for houses of worship, which could now admit up to 25 percent of the building’s occupancy. It is unclear if the measure applies statewide or only in locations that have reached Phase 2. All regions of the state except New York City are in the first or second phase of reopening.
Across the Hudson River, Gov. Philip D. Murphy of New Jersey announced 60 new virus-related deaths Saturday via social media, bringing the state’s toll to 12,106. The figure was a drop from the 79 new deaths reported the previous day. He also reported 606 new confirmed positive cases, totaling 163,893 cases in the state.
While New York City’s shutdown has successfully flattened the number of infections, a study has found that the economic cost could have been reduced by a third or more by strategically choosing neighborhoods to close, calibrating the risk of infection for local residents and workers with the impact on local jobs.
The economy won’t be easily healed. Denying that reality won’t help fix it.
For the first time in three months there is a scent of economic optimism in the air. Employers added millions of jobs to their payrolls in May, and the jobless rate fell, a big surprise to forecasters who expected further losses. Businesses are reopening, and the rate of coronavirus deaths has edged down. The Trump administration has begun pointing to what are likely to be impressive growth numbers as the economy starts to pull out of its deep hole.
All of that is good news. But there are clear signs that the collapse of economic activity has set in motion problems that will play out over many months, or maybe many years. If not contained, they could cause human misery on a mass scale and create lasting scars for families.
The fabric of the economy has been ripped, with damage done to millions of interconnections — between workers and employers, companies and their suppliers, borrowers and lenders. Both the historical evidence from severe economic crises and the data available today point to enormous delayed effects.
While the government can’t wave a wand and bring back industries that are semi-permanently shuttered, it can act — and has acted — to try to keep demand for goods and services at pre-crisis levels. That, in turn, can smooth the path for other sectors to grow so that there is not a prolonged depression of jobs, income and investment, with a resulting reduction in the economy’s long-term potential.
Study finds some rays of optimism for women considering pregnancy.
How the coronavirus might affect pregnant women and newborns has been a major concern since the outbreaks began. A new report in the medical journal JAMA has both reassuring and worrisome findings, with caveats that there is limited data and still much unknown.
So far, compared to the general population, pregnant women do not seem to have an increased risk of severe illness if they contract the virus, the report said. Of 147 pregnant women with Covid-19 in China, 8 percent had severe disease and 1 percent had critical illness — rates that were actually lower than those in the rest of the population, where 14 percent had severe disease and 6 percent were critically ill. In New York City, a report on 43 pregnant women with Covid-19 found that their rates of severe disease were similar to those in other adults.
But whether the infection can cause birth defects, miscarriage, premature birth or stillbirth is not yet known. Newborns have become infected, but it’s not clear whether they contracted the virus before, during or after birth, or if breastfeeding can transmit the virus.
Updated June 5, 2020
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.
Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.
Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.
States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)
Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.
The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.
If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.
Even so, the report says that for women who are wondering whether this is a safe time to conceive, “based on limited data, there does not seem to be a compelling reason to recommend delaying pregnancy.”
Europe has lost some of the last witnesses to its grim history.
For years, Gildo Negri visited schools to share his stories about blowing up bridges and cutting electrical wires to sabotage Nazis and fascists during World War II. In January, the 89-year-old made another visit, leaving his nursing home outside Milan to help students plant trees in honor of Italians deported to concentration camps.
But at the end of February, as Europe’s first outbreak of the coronavirus spread through Mr. Negri’s nursing home, it fatally infected him, too.
The virus, which is so lethal to the old, has hastened the departure of these last witnesses and forced the cancellation of commemorations. It has also created an opportunity for rising political forces who seek to recast the history of the last century in order to play a greater role in remaking the present one.
Throughout Europe, radical right-wing parties with histories of Holocaust denial, Mussolini infatuation and fascist motifs have gained traction in recent years.
More Americans use home aides than nursing homes, but the sector has been ‘forgotten’ in the pandemic.
Much of the attention to the toll Covid-19 has taken on older adults has rightly focused on long-term care facilities. Their residents and employees account for almost 40 percent of the nation’s deaths, according to an updated New York Times analysis.
But far more Americans — nearly six million, by one estimate — rely on paid home care than live-in nursing homes and assisted living combined. And both workers and clients have cause for worry.
Even more than nursing home employees, home care workers are poorly paid hourly workers and often lack health insurance; half rely on some form of public assistance. Not only do many home care workers serve several clients each week, but to piece together a living they may simultaneously work for several agencies or for nursing homes, or hold outside jobs.
Those conditions increase infection risks, and not only for their frail older clients. Almost a third of home care workers, a heavily female work force, are themselves over 55, and most are black or Hispanic, groups that have proved particularly vulnerable to Covid-19.
Personal protective equipment, or P.P.E., has proved hard to acquire, however. With hospitals and nursing homes scrambling for supplies, “this was the forgotten sector,” said Dr. Nathan Stall, a geriatrician at the University of Toronto.
“Home care workers are probably unknowingly involved in the transmission of Covid-19, especially when they’re not equipped with sufficient P.P.E.,” he added.
How to stay safe as life restarts.
When the country was under lockdown, at least the rules were mostly clear. Essential workers ventured out; everyone else sheltered in.
Now states are lifting restrictions, but detailed guidance about navigating the minutiae of everyday life is still hard to come by — and anyway, there’s never going to be a ready solution to every problematic circumstance you may encounter.
As you tiptoe toward normalization — whatever that is, given these times — try to follow three precautions: avoid contact, confinement and crowds. And make realistic choices.
You need to continue with social distancing precautions. That means wearing masks, washing hands well and often, and keeping a six-foot distance from one another. No hugs, no handshakes.
Any 15-minute face-to-face conversation between people who are within six feet of one another constitutes close contact, said Dr. Muge Cevik, an expert on infectious diseases and virology at University of Saint Andrews School of Medicine in Scotland.
Indoor activities in confined enclosed spaces, even large ones, are more conducive to spreading the virus than events held outside, especially if the air inside the building is being recirculated or the windows don’t open.
Large groups are risky, even outdoors. They mean more people, more contacts — and more potential sources of infection.
People at high risk for developing severe disease if they become infected with the coronavirus — including those 65 and over, residents of nursing homes and long-term care facilities, people with compromised immune systems, chronic lung or kidney disease, heart conditions or severe obesity — will want to take the greatest of precautions.
But young healthy adults and children should also consider the protection of people around them, including family members, colleagues or friends who are vulnerable, said Dr. Barbara Taylor, an infectious disease specialist at The University of Texas Health Science Center at San Antonio.
Deforestation in the Amazon is soaring as the pandemic cripples enforcement.
President Jair Bolsonaro of Brazil has enabled increased razing of the Amazon rainforest. The coronavirus has accelerated that destruction.
Illegal loggers, miners and land grabbers have cleared vast areas of the Amazon with impunity in recent months as law enforcement efforts were hobbled by the pandemic.
The fallout from the pandemic has exacerbated the ecological degradation set in motion by government policies under Mr. Bolsonaro, who favors expanding commercial development in the Amazon and views environmental regulations as a hindrance to economic growth. But some career civil servants are still working to enforce environmental protections.
An estimated 464 square miles of Amazon tree cover was slashed from January to April, a 55 percent increase from the same period last year and an area roughly 20 times the size of Manhattan, according to Brazil’s National Institute for Space Research, a government agency that tracks deforestation with satellite images.
Already last year, deforestation in the Amazon had reached levels not seen since 2008.
At the same time, the coronavirus has killed more than 34,000 people in Brazil, which now has the highest daily number of deaths in the world.
New York could have taken a more targeted approach to the shutdown, researchers say.
As Covid-19 cases took off in New York in March, Gov. Andrew M. Cuomo imposed a lockdown of nonessential businesses to slow the spread of the coronavirus, calling it “the most drastic action we can take.”
Now researchers say more targeted approaches — in New York and elsewhere — might have protected public health with less economic pain.
Businesses in New York City, where an initial phase of reopening is set to begin Monday, have been mostly shut down for 11 weeks. But a study has found that the economic cost could have been reduced by a third or more by strategically choosing neighborhoods to close, calibrating the risk of infection for local residents and workers with the impact on local jobs.
Coronavirus helped Britain’s homeless get off the street. But maybe not for long.
As part of Britain’s effort to contain the spread of the virus, the government required local councils in England and Wales to provide emergency accommodation in budget hotels to every homeless person living on the streets.
Since the beginning of the coronavirus lockdown, more than 90 percent of people sleeping on the street have been offered a place to stay, according to government statistics.
Homeless charities say the initial success of the program has proved what they have long maintained: that an injection of funding and support from the government can quickly and effectively bring people off the streets.
“It was an amazing effort, and it shows what you can do when you have the political will and a willingness to spend the money,” said Dominic Williamson, the executive director of strategy and policy for the British homeless charity St. Mungo’s.
Reporting was contributed by Keith Bradsher, Aimee Ortiz, Neil Irwin, Andrea Salcedo, Zach Montague, Michael H. Keller, Steve Eder, Karl Russell, Denise Grady, Ernesto Londoño, Letícia Casado, Jason Horowitz, Damien Cave, Livia Albeck-Ripka, Iliana Magra, Ceylan Yeginsu, Elian Peltier, Yonette Joseph, Roni Rabin, Eduardo Porter, Patricia Cohen, Ernesto Londoño, Manuela Andreoni, Leticia Casado, Ben Casselman and Paula Span.
Brazil’s Bolsonaro threatens WHO exit: Are residing coronavirus updates
India overtakes Italy because the sixth worst hit country by the coronavirus pandemic after one other document single-day spike in confirmed infections, bringing the final to 236,657 instances.
The World Health Group (WHO) has modified its pickle on face masks and is now encouraging of us to wear them in crowded areas, citing anecdotal evidence that supports their designate in stopping the unfold of the coronavirus.
Brazil’s President Jair Bolsonaro has threatened to drag his country out of the WHO, accusing the body of being “partisan” and “political”. With extra than 34,000 coronavirus deaths, Brazil now has the third-absolute top toll in the sphere.
About 6.7 million coronavirus instances had been confirmed round the sphere, in line with data from Johns Hopkins University. More than 394,000 of us bear died, including some 109,000 in the united states. More than 2.9 million of us bear recovered.
Here are the latest updates:
Liberia has made upright progress in containing the unfold of coronavirus and will open its worldwide airport and hotels on June 21, the government has acknowledged.
A enlighten of emergency that was declared in April and due to flee out on June 9 would now not be renewed, President George Weah acknowledged in a divulge.
Restrictions similar to a night-time curfew would live in build, though it could perchance perchance initiating later, in line with the divulge launched on Friday.
Afghanistan is working out of health heart beds as suspected instances of coronavirus surge, officers acknowledged, warning “there is a catastrophe coming” in the impoverished country.
Afghan health authorities reported 761 fresh certain instances of COVID-19 over the last 24 hours, taking the final selection of confirmed infections to 19,551.
“Our [hospital] beds are nearly corpulent, we couldn’t bear from now on capability very soon,” Health Minister Ahmad Jawad Osmani suggested reporters.
“There’s a catastrophe coming,” acknowledged Kabul governor Mohammad Yakub Haidary at a joint press conference with the health minister, adding that in Kabul on my own there in general is 1,000,000 of us infected.
To this level there had been 327 confirmed deaths in the country.
Hundreds of Moscow residents flocked to an open-air book fair correct-looking in Crimson Square, though some publishing homes opted to discontinue away as metropolis authorities take care of most restrictions in build.
Organisers of the annual book fair correct-looking, which was attended by 300,000 of us closing one year, bear implemented a form of measures to stem the unfold of the virus – with chairs spaced one metre apart and temperature checks at the entrance.
The even drew as a lot as 600 web page visitors internal hours of its opening.
An assistant sporting preserving face masks amid the outbreak of the coronavirus illness (COVID-19) holds a mobile phone at the annual Crimson Square E book Honest correct-looking in central Moscow, Russia [Shamil Zhumatov/Reuters]
Turks streamed outdoors for his or her first weekend with out a coronavirus lockdown in practically two months, the day after President Tayyip Erdogan scrapped a discontinue-at-house repeat.
Cafes, eating areas and a form of facilities had reopened on Monday as an infection rates slowed and restrictions on intercity shuffle back and forth had been lifted because the an infection price slowed. Nonetheless Erdogan had supposed to withhold the weekend lockdown, applied to sizable cities since April 11, till a public backlash.
A drone photo reveals an aerial spy of Ilica seashore as of us experience their time in Cesme for the length of the critical weekend without coronavirus restrictions since April 10, in Izmir province of Turkey [Ömer Evren Atalay/Anadolu]
Hello, right here is Farah Najjar taking up from my colleague Linah Alsaafin.
Indonesia has reported practically 1,000 fresh instances of the coronavirus, a brand fresh single-day excessive for the country that brought its total caseload previous 30,000, because the government unveiled an enhanced stimulus equipment price $47.6bn to anchor the virus-battered financial system.
The health ministry acknowledged there had been 993 newly infected of us over the last 24 hours. Indonesia has confirmed 30,514 instances, including 1,801 deaths, basically the most in Southeast Asia.
Finance Minister Sri Mulyani Indrawati acknowledged a 677.2 trillion rupiah ($47.6bn) stimulus equipment targets to present a enhance to the healthcare scheme, train extra spending toward social protection to enhance consumption, and supply incentives to rescue Indonesian companies from chapter and workers from layoffs.
— Al Jazeera English (@AJEnglish) June 6, 2020
Sri Lanka’s virus-battered tourism enterprise can reopen for foreign web page visitors from August but below strict suggestions, including extra than one coronavirus tests for the length of their discontinue, officers acknowledged.
Sri Lanka’s tourism ministry acknowledged travellers could be in a position to focus on over with from August 1, but they need to elevate a COVID-19-free certificate issued now not earlier than 72 hours forward of boarding.
Even with this document, vacationers can bear to web an epidemic test at the airport upon arrival. An additional check could be performed four to five days later – and a third if staying for extra than 10 days.
“While this could perchance be inconvenient it’s compulsory to safeguard every person and supply peace of tips,” the ministry acknowledged.
A wedding occasion contributed to a brand fresh surge in coronavirus infections in Iran, President Hassan Rouhani acknowledged on Saturday, but he insisted the country had no option but to withhold its financial system open despite warnings of a 2d wave of the epidemic.
Iran, which has been gradually relaxing its lockdown since mid-April, has reported a interesting upward push of fresh on each day foundation infections in fresh days. Thursday’s toll of 3,574 fresh instances was the preferrred since February, when the outbreak was first reported.
“At one pickle, we witnessed a top in this epidemic, the supply of which was a wedding that brought about issues for the of us, health workers and losses to the financial system and the country’s health scheme,” Rouhani acknowledged on enlighten TV. He did now not divulge when or where the marriage ceremony took build.
Contemporary instances dipped to 2,886 on Friday, bringing Iran’s total instances to extra than 167,000, with now not decrease than 8,000 deaths.
California will allow movie, television and track manufacturing to resume from June 12 if conditions allow after months of lockdown due to the coronavirus pandemic, the governor’s administrative heart acknowledged on Friday.
Movie and tv productions in the Golden Order had been shuttered since mid-March. The reopening could be topic to approval by native health officers, the California Public Health Office acknowledged.
“To reduce the probability of COVID-19 transmission, productions, solid, crew and a form of enterprise workers can bear to soundless abide by safety protocols agreed by labour and administration, which would be further enhanced by county public health officers,” it acknowledged.
Nonetheless it no doubt is now not definite if valuable Hollywood studios could be in a position to resume operations from next week because Los Angeles county is one of many critical coronavirus epicentres in California, recording about half the infections and deaths in the enlighten. To this level, extra than 125,000 instances and 4,500 deaths had been confirmed in California.
Poland plans to broaden a ban on worldwide flights till June 16 due to the coronavirus pandemic, enlighten-flee info company PAP acknowledged, citing a government decree.
Order-controlled Polish airways LOT restarted flights between the country’s greatest cities, including Warsaw, Gdansk, Krakow and Wroclaw, from June 1.
As of Friday, Poland had reported 25,410 coronavirus instances, including 1,137 deaths.
The final selection of coronavirus instances in Africa rose to 176,807 on Saturday, because the continent grapples with community unfold, in line with the Africa Centres for Disease Control and Prevention.
No decrease than 4,902 patients bear died to this level steady via the continent due to the virus, it acknowledged in a Saturday update.
A entire of 78,267 patients bear to this level recovered from the illness.
North Africa has to this level confirmed 51,300 instances and a death toll of two,200; Southern Africa has 46,000 instances and 933 deaths; West Africa has 39,900 instances and 795 deaths; East Africa has 20,600 instances and 592 deaths; and Central Africa has 18,900 instances and 421 deaths.
Football fans attend a match between Viettel and Duoc Nam Ha Nam Dinh of the V.League, the nationwide football league, after the government eased a nationwide lockdown following the coronavirus outbreak in Nam Dinh province, Vietnam [Kham/Reuters]
Football was wait on and so had been the spectators in Vietnam when the head domestic league resumed after the coronavirus shutdown.
Followers had been allowed into Ho Chi Minh City’s scoreless design with Hai Phong on Friday among three fits. Nonetheless now not like Germany’s Bundesliga and South Korea’s Okay-League, which returned to motion in Could also with empty arenas, extra than 1,000 fans attended the V-League recreation at Hai Phong.
Allowing spectators to the fits was the discontinue result of Vietnam’s a success efforts to have the unfold of the coronavirus. Despite sharing an extended land border with China, where the virus originated, Vietnam, with a inhabitants of nearly 100 million, has recorded exact 328 instances and never a single recorded death.
Followers had been subjected to temperature checks as they entered the stadiums, which had been cramped to half of regular capability. They weren’t required to wear masks.
A witness of hundreds of patients led by the University of Oxford has acknowledged that the hydroxychloroquine drug would now not work in opposition to the fresh coronavirus illness and could now not be given to from now on health heart patients round the sphere.
“At the same time as you is probably going to be admitted to health heart, don’t web hydroxychloroquine,” acknowledged Martin Landray, deputy chief investigator of the Restoration trial and professor of medication and epidemiology at Oxford University. “It doesn’t work.”
“It is being touted as a recreation changer, a truly fair correct drug, a breakthrough. Here’s an incredibly crucial result, because worldwide we can discontinuance using a drug that’s pointless.”
South Korea has reported 51 fresh instances of COVID-19, largely in the densely populated capital pickle, as authorities hasten to stem transmissions among low-income workers who can now not give you the cash for to discontinue house.
The figures presented by South Korea’s Centers for Disease Control and Prevention brought nationwide totals to 11,719 workers and 273 deaths.
No decrease than 34 of the fresh instances had been linked to door-to-door sellers hired by Richway, a Seoul-primarily based mostly health product provider.
Vice Health Minister Kim Gang-lip acknowledged the unfold of the virus among Richway sellers was in particular alarming as most of them are feeble in their 60s and 70s. He called for officers to present a enhance to their efforts to search out and look offices at probability of infections.
A girl sporting a preserving cover looks out from a bid window after Pakistan started easing the lockdown restrictions and allowed to resume passenger trains, following the COVID-19 outbreak, in Karachi [File: Akhtar Soomro/Reuters]
Pakistan has broken its old document of the preferrred single-day deaths ever from the radical coronavirus, reporting 97 fatalities over the closing 24 hours, the health ministry acknowledged.
With the latest surge, the death toll in the country has reached 1,935.
With 4,734 fresh instances over the last day, the country’s selection of coronavirus instances has reached 93,983, already surpassing China, and touchdown the country at the 17th build when it involves coronavirus instances, the facts reveals. Some 32,581 patients bear recovered.
Hello, right here is Linah Alsaafin in Doha taking up from my colleague Zaheena Rasheed.
India has surpassed Italy because the sixth worst hit by the coronavirus pandemic after one other document single-day spike in confirmed infections.
The health ministry reported 9,887 fresh instances on Saturday, bringing the final to 236,657.
A lot of the fresh instances are in rural areas following the return of a entire bunch of hundreds of migrant workers who left cities and towns after the lockdown in dead March.
101 EAST | India: Under Lockdown (24: 56)
The lockdown is now largely being enforced in excessive-probability areas whereas authorities bear in part restored bid products and services and domestic flights and allowed stores and manufacturing to reopen. Taking a look for malls and non secular areas are due to open on Monday with restrictions to lead definite of large gatherings.
China’s capital Beijing further eased its coronavirus measures on Saturday, lowering the metropolis’s emergency response stage to the 2d lowest.
That can take most restrictions on of us travelling from Wuhan and the encompassing province of Hubei, where the virus first regarded dead closing one year. They are going to no longer face 14-day valuable quarantines and a form of kinds of monitoring, and those for the time being in such instances could be allowed to return to their regular lives.
Beijing residential compounds could now not be required to habits temperature checks and masks no longer bear to be feeble for outdoors activities. Kindergartens will reopen and a form of grades soundless suspended will restart lessons.
Beijing has reported no fresh instances of native transmission in now not decrease than 50 days and as many as 90 days in some districts.
Foreign airways to resume flights to China (2: 07)
China has suggested its citizens now not to focus on over with Australia, citing racial discrimination and violence in opposition to Asians for the length of the coronavirus pandemic.
A look for issued by the Ministry of Custom and Tourism dead on Friday acknowledged there had “been an delay in phrases and deeds of racial discrimination and acts of violence in opposition to Chinese language and Asians in Australia, due to the affect of COVID-19 pandemic”.
“The ministry advises Chinese language vacationers to take their safety awareness and steer definite of travelling to Australia,” the awareness acknowledged.
The bound comes after China threatened retaliation following Australia’s option to push for a world investigation into the origins of the coronavirus pandemic and responses to it.
China has recorded three fresh confirmed instances of the fresh coronavirus as of the discontinue of Friday, down from five the day forward of, the National Health Commission acknowledged.
The entire instances had been imported, curious travellers arriving from out of the country, the NHC acknowledged.
The final selection of infections in China, where the virus first emerged dead closing one year, stands at 83,030. And not using a fresh deaths reported, the death toll remained at 4,634.
Americans sporting face masks sinful a avenue in Beijing on June 1, 2020 [Noel Celis/ AFP]
California broadly relaxed its coronavirus-connected shutdowns, keen to allow knowledgeable sports activities to be performed without audiences and reopen day camps, tribal casinos, museums and zoos as soon as June 12.
Essentially the most populous US enlighten will also allow movie, television and track manufacturing, a key sector of the financial system that affords hundreds of jobs, to restart.
Mute now not allowed in California are nail salons, tattoo parlors, movie theatres, nightclubs, concert venues, theme parks or increased education, the enlighten’s web page online showed.
California Governor Gavin Newsom, left, helps pack up lunches to be dropped at needy senior citizens, alongside with Hot and Wintry Cafe co-proprietor Shana Jenson, 2d on the left, on June 3, 2020 [Genaro Molina/ Pool via AFP]
A Brazilian Supreme Court minister has banned police raids in Rio de Janeiro’s favelas for the length of the coronavirus pandemic, as criticism of brutal police suggestions grows in Latin The United States’s largest nation.
Within the option, Minister Edson Fachin forbid raids on Brazil’s informal shanty towns “except for in absolutely excellent instances”, which bear to be preapproved by the enlighten prosecutor’s administrative heart.
Rio’s police forces are notoriously violent, having killed extra than 1,800 of us in 2019. In Could also, police in Rio drew criticism for an operation in which a 14-one year-feeble boy was killed, as wisely as one other shootout in a coronavirus-afflicted favela, which drew a entire bunch into the streets.
Congressman Alessandro Molon, whose Brazilian Socialist Occasion (PSB) filed the shuffle neatly with that resulted in the option, called the ruling “historical”.
President Jair Bolsonaro threatened to drag Brazil out of the WHO after the United Worldwide locations company warned governments about the probability of lifting lockdowns forward of slowing the unfold of the radical coronavirus.
Talking to journalists, Bolsonaro accused the WHO of being “partisan” and “political”. He acknowledged Brazil will web into consideration leaving the body unless it ceased to work “without ideological bias”.
Brazil, Mexico coronavirus deaths hit on each day foundation document (2: 15)
Earlier on Friday, when asked about efforts to loosen social-distancing orders in Brazil despite rising on each day foundation death rates and diagnoses, a WHO spokeswoman acknowledged a key standards for lifting lockdowns was slowing transmission.
“The epidemic, the outbreak, in Latin The United States is deeply, deeply pertaining to,” Margaret Harris suggested a info conference in Geneva. She acknowledged that among six key standards for relieving quarantines, “one of them is ideally having your transmission declining.”
The Team of 20 (G20) – a bloc whose member nations bear the sphere’s largest economies – has pledged extra than $21bn to combat the coronavirus, a divulge by the community acknowledged early on Saturday.
“The G20, with invited worldwide locations, has coordinated the area efforts to present a enhance to the combat in opposition to the COVID-19 pandemic. To this level, G20 members and invited worldwide locations bear pledged over US$21 billion to present a enhance to funding in world health,” the divulge acknowledged.
The pledges could be directed in the direction of diagnostics, vaccines, therapeutics, and study and building, the divulge added.
Hello and welcome to Al Jazeera’s persevering with coverage of the coronavirus pandemic. I’m Zaheena Rasheed in Male, Maldives.
For your entire updates from the day old to this, June 5, shuffle right here.