Coronavirus update: Pandemic sets record case numbers across the U.S. as White House suggests the crisis is over – MarketWatch

— Dr. Leana Wen, George Washington University School of Public Health

The coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a press release that suggested it had actually ended the crisis that has actually cost more than 226,000 American lives and reveals no indications of easing off. The U.S. has actually counted a record 500,000 brand-new infections in the past week, according to the New York Times, as 20 states, including Illinois, taped their greatest seven-day averages given that the start of the outbreak.
The Midwest and Mountain West remain in precarious positions with medical facilities rapidly filling. 3 states, Tennessee, Wisconsin and Oklahoma, suffered record seven-day averages for deaths, the Times reported, while Oklahoma and Wyoming set records for the majority of deaths in a single day. The White House in a news release wrote “ENDING THE COVID-19 PANDEMIC” in bold capitalized letters as one of the administrations achievements during Trumps very first term.


There is no metric that indicate the U.S. being anywhere near to ending the pandemic; in fact, we are trending in all the wrong directions and remain in the middle of a coronavirus storm. Downplaying the infection is actually unsafe, due to the fact that letting down our guard makes it possible for the virus to spread far more.

” This is wishful thinking, not the truth,” Dr. Leana Wen, an emergency physician and visiting professor of health policy and management at the George Washington University School of Public Health, informed MarketWatch. “There is no metric that points to the U.S. being anywhere close to ending the pandemic; actually, we are trending in all the incorrect directions and remain in the middle of a coronavirus storm. Downplaying the virus is actually harmful, due to the fact that pulling down our guard allows the infection to spread out far more.” Others stated members of the White House task force produced to handle the pandemic response that is led by Vice President Mike Pence and includes leading infectious-disease professional Dr. Anthony Fauci, head of the National Institute for Allergies and Infectious Diseases, and, as coordinator, Dr. Deborah Birx are angry about the claim, coming as the U.S. is still in the throes of a crisis that has killed more Americans than passed away in battle in World War I and World War II integrated.

Trump continued to hold project rallies against the suggestions of his own health specialists, and freezing weather condition at a rally in Omaha late Tuesday triggered chaos for a few of the approximately 6,000 people who attended, according to media reports. The campaign had actually guaranteed buses to transport fans from Eppley Airfield to parking lot some range away, however buses were not able to browse hectic airport roads, the Washington Post reported.

Wuhan, Former Pandemic Center, Emerges as Tourist Hot Spot.

Fans were collected in close quarters for the rally, and many were seen in video footage not using face masks, the public precaution that professionals say is key to including spread. Trump has periodically said he has “no issue” with masks however recently has primarily jeered his governmental rival, Democrat Joe Biden, for wearing one and has encouraged anti-mask protests. A new study today found that a nationwide face-mask required might considerably lower COVID-19 deaths in the next few months, as flu season gets here and as people tend to collect more inside. Scientists at the University of Washingtons Institute for Health Metrics and Evaluation estimate that a mask required could conserve almost 130,000 lives by February 2021, MarketWatchs Elisabeth Buchwald reported. The research study was published in Nature Medicine, a peer-reviewed medical journal. See also: Global cases near 30 million; Trump opposes CDC head on vaccine schedule and once again derides face masks “I discover it misinforming to associate political purposes to the work of science, and, in doing so, this has actually triggered uncertainty amongst people, which has actually really made the COVID-19 pandemic have a much higher adverse effect,” Dr. Louis Sullivan, establishing dean of Morehouse School of Medicine in Atlanta and the very first African-American secretary of health and human services to serve under a Republican president, George H.W. Bush, told MarketWatch in an interview. The increasing international case tallies startled monetary markets, with the Dow Jones Industrial
DJIA,
-3.43%.
down more than 800 points on Wednesday, and the S&P 500.
SPX,.
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Dont miss: Pandemic fatigue is hitting Americans– and likely behind rising COVID-19 infections In other news: – There were more than 500,000 new cases of COVID-19 taped around the world on Tuesday, a record, according to Agence France-Presse. “Right now we are well behind this virus in Europe, so getting ahead of it is going to take some major velocity in what we do and possibly much more extensive nature of measures that are going to be needed,” he stated. Authorities have actually tested all 4.7 million residents of Kashgar, and reported 19 symptomless infections, which China does not count as main COVID-19 cases.

BBBY,. -12.12%.
announced a $225 million accelerated share-buyback program. Union, N.J.– based Bed Bath & & Beyond stated it is planning to redeem shares amounting to $675 million over the next three years. The program will be moneyed by cash resources created from the sale of certain noncore properties. The business suspended buybacks in March among actions required to conserve cash during the pandemic. The company will hold an investor day on Wednesday and will discuss the share-buyback program and other measures to invest for development. – Boeing Co
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GE,.
+4.50%. reported a surprise third-quarter adjusted earnings and positive capital, as revenue fell less than anticipated throughout the pandemic. Income fell 17% to $19.42 billion, but was above the FactSet agreement of $18.73 billion. Amongst GEs company units, Power revenue increased 3% to $4.03 billion, above the FactSet consensus of $3.89 billion; Renewable Energy income grew 2% to $4.53 billion to leading expectations of $4.48 billion; Aviation profits tumbled 39% to $4.92 billion, simply shy of expectations of $4.95 billion; and Healthcare income fell 7% to $4.57 billion, beating expectations of $4.14 billion. “We are enhancing our profit and cash efficiency with natural margin expansion in every sector except Aviation, though orders more broadly remain under pressure,” stated Chief Executive Larry Culp. – Six Flags Entertainment Corp
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Whats the current medical news? Eli Lilly and Co
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LLY,. -0.44%.
stated the U.S. federal government signed a deal to get 300,000 doses of its experimental reducing the effects of antibody COVID-19 treatment bamlanivimab for $375 million, MarketWatchs Jaimy Lee reported. Per the terms of the offer, Lilly will distribute vials of the drug, which is also referred to as LY-CoV555, to the government if the Food and Drug Administration grants an emergency-use permission. The company submitted this month for emergency authorization of the drug in the treatment of individuals with moderate to moderate types of COVID-19 who are likewise at high danger. SVB Leerinks Geoffrey Porges previously forecasted that the drug would get an EUA by the end of the year. A Phase 2 research study shows that bamlanivimab might minimize the rate of hospitalization and viral load in some COVID-19 clients. The news comes just two days after the National Institutes of Health stopped a clinical trial for bamlanivimab saying the therapy isnt likely to help hospitalized COVID-19 patients recover. A trial combining the treatment with Gilead Sciences Inc.s.
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remdesivir in hospitalized patients was stopped in mid-October over security concerns. See likewise: Dr. Zeke Emanuel states this is what it will require to completely resume the U.S. There are at least 3 other trials of the investigational drug under way, consisting of one checking the therapy in recently detected moderate to moderate COVID-19 patients that is likewise sponsored by the NIH. There is an alternative for the U.S. federal government to purchase extra dosages on the very same terms through June 30. In the news release, the U.S. government has actually “devoted” to patients being charged no out-of-pocket costs; nevertheless, bamlanivimab is a drug that should be instilled in a health-care setting, so health-care suppliers can charge a fee for that service. Moderate to moderate COVID-19 patients arent generally hospitalized. Lilly stated this “provides unique challenges.” Dont miss out on: Doctors question FDA approval of Gileads COVID-19 treatment and state it has restricted benefitsWhat are business saying? – Bed Bath & & Beyond Inc
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Check out now: Northern Italy sees renewal of COVID-19 infections, with hospitalizations risingLatest tallies The number of confirmed cases of COVID-19 worldwide now stands at 44.2 million, according to data aggregated by Johns Hopkins University, and the death toll is 1.17 million. At least 29.9 million people have recuperated from COVID-19. India is 2nd in cases with 7.9 million, and third in deaths at 120,010 Mexico has the 4th greatest death toll at 89,814 and ninth highest case tally at 901,268.

BA,. -4.57%.
Earnings fell 29% to $14.14 billion, just listed below the FactSet consensus of $14.2 billion. Among Boeing service segments, business airplanes revenue dropped 56% to $3.6 billion, missing out on the FactSet agreement of $3.96 billion, as business airplanes deliveries fell 55% to 28. Defense, area and security profits slipped 2% to $6.85 billion however beat expectations of $6.83 billion, and global services profits declined 21% to $3.69 billion however topped expectations of $3.64 billion.

DIN,.
-0.92%,. moms and dad of the IHOP and Applebees restaurant chains, reported third-quarter incomes that beat expectations. It likewise revealed a review of IHOP restaurants. Revenue of $176.6 million was down from $217.4 million last year but likewise ahead of the FactSet agreement for $166 million. Domestic similar sales at IHOP sank 30.2%, while Applebees domestic equivalent sales were down 13.3%. Since Sept. 30, 97% of Dine Brands dining establishments were open for either dine-in or off-premise service. “As state and local federal governments began to relieve restrictions on dining-room service, our off-premise service at each brand still drove robust sales,” stated Steve Joyce, ceo of Dine Brands, describing pandemic orders. Since Sept. 30, Dine Brands had $389.6 million of overall cash, consisting of limited money of $80.3 million. The business is evaluating underperforming IHOP places with 100 places possible over the next 6 months. The company is expected to close 15 Applebees areas in the 4th quarter. – General Electric Co
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EAT,.
-2.89%,. the parent of the dining establishment chains Chilis and Maggianos, reported a surprise first-fiscal-quarter adjusted earnings and income that fell less than forecast. Same-restaurant sales fell 10.9%, with Chilis same-restaurant sales declining 7.2% and Maggianos sales dropping 38.6%, as outcomes were harmed by the COVID-19 pandemic. For the 2nd quarter, the company anticipates same-restaurant sales to be at a negative mid-single-digit percentage, with adjusted EPS of 40 cents to 60 cents. The FactSet agreement for second-quarter EPS is 50 cents. “The team has actually reacted to this extraordinary environment by opening organic growth through the intro of Its Just Wings, skillfully managing our P&L, and even more minimizing our financial obligation levels, all leading to a sustainable development design that serves both our visitors and our investors,” stated Chief Executive Wyman Roberts. – Dine Brands Global Inc
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6,. -7.47%.
published weaker-than-expected third-quarter earnings, with participation continuing to be adversely impacted by the pandemic. The business swung to a loss of $116 million, or $1.37 a share, in the quarter, after earnings $180 million, or $2.11 a share, in the year-earlier period. Profits was up to $126 million from $621 million. The FactSet consensus was for a loss of 96 cents a share, and income of $143 million. Nine of the companys 26 parks were closed in the quarter since of the pandemic and the parks that were open had participation limitations. “While operating conditions continue to be tough, presence patterns enhanced from a variety of 20% to 25% of prior year levels upon the preliminary resuming of particular parks in the second quarter to approximately 35% in the third quarter, for the parks that were open,” the company said in a declaration. The business has made development on a change strategy that aims to recover success. Participation was 2.6 million guests, down 11.4 million from the year-earlier period. – Tupperware Brands Corp
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TUP,. +35.08%.
Sales rose 14% to $477.2 million, beating the FactSet consensus of $362.8 million. North America sales surged 42%, Europe sales grew 23% and South America sales increased 4%, while Asia Pacific sales fell 6%. The company stated it stays in compliance with its financial covenants.

UPS,. -8.81%.
reported third-quarter earnings and profits that rose above expectations, as all three company sections beat forecasts in the middle of a burst in demand for delivery throughout the pandemic. Earnings rose 15.9% to $21.24 billion, beating the FactSet consensus of $20.21 billion. U.S. domestic package profits rose 15.5% to $13.23 billion, above the FactSet consensus of $13.05 billion, while global plan profits grew 17% to $4.09 billion to beat expectations of $3.7 billion and supply chain and freight profits increased 16.5% to $3.93 billion to top expectations of $3.59 billion. “Our results were fueled by continued strong outbound need from Asia and growth from medium-sized and little services,” said Chief Executive Carol Tome. The company didnt offer monetary guidance, provided ongoing unpredictability surrounding the impacts of the pandemic.

Same-restaurant sales fell 10.9%, with Chilis same-restaurant sales declining 7.2% and Maggianos sales dropping 38.6%, as outcomes were harmed by the COVID-19 pandemic. Amongst GEs organization units, Power income increased 3% to $4.03 billion, above the FactSet consensus of $3.89 billion; Renewable Energy earnings grew 2% to $4.53 billion to top expectations of $4.48 billion; Aviation income tumbled 39% to $4.92 billion, just shy of expectations of $4.95 billion; and Healthcare profits fell 7% to $4.57 billion, beating expectations of $4.14 billion. “While operating conditions continue to be tough, participation trends enhanced from a range of 20% to 25% of prior year levels upon the initial resuming of certain parks in the second quarter to roughly 35% in the 3rd quarter, for the parks that were open,” the business stated in a declaration. North America sales surged 42%, Europe sales grew 23% and South America sales increased 4%, while Asia Pacific sales fell 6%. U.S. domestic package profits increased 15.5% to $13.23 billion, above the FactSet consensus of $13.05 billion, while international package profits grew 17% to $4.09 billion to beat expectations of $3.7 billion and supply chain and freight earnings increased 16.5% to $3.93 billion to leading expectations of $3.59 billion.

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