Almost half of new infections are from Texas, Florida and California There were 67,417 new cases on Tuesday, bringing the total to more than 3.4 million infections across the US More than 136,000 Americans have died from COVID-19 after 900 additional fatalities were added to the death toll Texas reported a record 10,745 cases on …
Continue reading “US sees record single-day spike with 67,400 new COVID-19 cases”
The Trump administration is instructing hospitals to bypass the Centers for Disease Control and Prevention (CDC) in reporting their COVID-19 data to the government each day, effective Wednesday. “As of July 15, 2020, hospitals should no longer report the Covid-19 information in this document to the National Healthcare Safety Network site,” the Department of Health …
Continue reading “Trump administration orders hospitals to bypass CDC in reporting COVID data”
Washington — Dr. Anthony Fauci, the nation’s leading infectious diseases expert, defended himself against recent attacks on his credibility emanating from the White House, calling the efforts to discredit him “bizarre.” In interviews with The Atlantic published Wednesday, the director of the National Institute of Allergy and Infectious Diseases said claims by several White House officials that …
Continue reading “Fauci calls White House efforts to undermine his credibility “bizarre””
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.5 million barrels from the previous week. At 531.7 million barrels, U.S. crude oil inventories are about 17% above the five year average for this time of year. U.S. crude oil refinery inputs averaged 14.3 million barrels per day during the …
Continue reading “EIA Petroleum Data for the week ending July 10, 2020”
Mayor Lori Lightfoot Warns City Might Have To Move Back To Phase 3 If COVID Cases Continue To Rise; ‘We Are On The Precipice CHICAGO (CBS) — Comparing herself to a mother who won’t simply turn the car around if her kids are acting up, but one who will make them walk home, Mayor Lori …
Continue reading “Chicago Mayor Warns He Put City In LOCKDOWN”
https://youtu.be/Qbw1rgNbtEQ Experts believe that one of the biggest challenges with vaccines against the coronavirus species is the “potential for antibody-dependent enhancement of the disease”, which has been one reason for the lack of a vaccine against the 2003 SARS CoV strain. Oxford’s COVID-19 vaccine that is backed by AstraZeneca is reportedly generating “the kind of …
The largest U.S. banks signaled that the worst of the coronavirus recession is yet to come, opting to stow away tens of billions of dollars to prepare for an expected wave of loan losses. JPMorgan JPM 0.57% Chase & Co., Citigroup Inc. C -3.93% and Wells Fargo WFC -4.57% & Co. said Tuesday they took …
Continue reading “Banks Ready for Wave of Coronavirus Defaults”
Boeing Co. (NYSE: BA) reported Tuesday morning that it delivered a total of 20 new commercial jets in the second quarter of this year. For the year to date, Boeing has delivered 70 new airplanes. The grounding of the company’s best-selling 737 Max halted sales of the company’s most popular plane in March of last …
Continue reading “Boeing customers cancel 355 plane orders in H1 2020”
(Bloomberg) — Hong Kong implemented its strictest suite of social distancing measures yet as the Asian financial hub looks set to be the first in the region where a new outbreak surpasses previous waves in severity. Bars, gyms and beaches will be closed, public gatherings limited to four people, and fines will be doled out …
Continue reading “Hong Kong Adopts Its Strictest-Ever Virus Measures as City Reels”
(Bloomberg) — Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell below $40 a barrel. The producer bloc will review the state of the …
Continue reading “Oil Drops on Signs OPEC+ Preparing to Taper Production Cutbacks”