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Florida Reports Another 6,000 Daily COVID-19 Cases; NY Sees 13 New Deaths: Live Updates

Courtesy of ZeroHedge View original post here.


  • Stocks climb on Fla, NY case numbers
  • Texas hospitalizations fall
  • Dr. Fauci testifies to Senate HEL&P Committee
  • EU bars US travelers, as expected
  • Goldman says mask mandates can cut spread by 25%
  • Victoria imposes 1-month lockdown as cases climb
  • US sees total new cases below 40k for yesterday
  • LA County closes beaches for July 4th weekend
  • Indian PM makes speech as country approves plan to help supply food to 800 million
  • South Korea, Tokyo see rise in new cases
  • Morgan Stanley says total case number projection is now 3.8 million

* * *

Update (1100ET): Stocks are moving higher on a spate of new data out of Florida and New York. In Fla., cases climbed day-over-day but remained below their peak levels from last week.

New York’s numbers showed a string of 700+ daily numbers reported late last week might have been just a fluke, as positive test numbers have moved lower again.

And don’t forget to wear a mask…

…and keep those nursing homes protected.

* * *

Update (1020ET): Dr. Fauci kicks off his testimony to the Senate “HELP” (Health, Education, Labor & Pensions) Committee, Texas has just reported a 20% drop in hospitalizations with a warning on the dangers of the flu and COVID-19 supercharging the outbreak in the fall. However, as Texas, California, Arizona and others rollback some economic reopening measures, the ‘whisper’ number for Texas hospitalizations has just hit, and it looks like it’s down 20%.

The number has fallen to 4,739 from 5,913 cases, a number that some have warned might be a misprint.

* * *

Update (0945ET): As expected, the EU has barred travelers from the US as it extends its travel ban for most of the world aside from a select handful of countries, including China.

In addition to China, residents of the following countries are set to be allowed to travel to Europe as of July 1: Algeria, Australia, Canada, Georgia, Japan, Montenegro, Morocco, New Zealand, Rwanda, Serbia, South Korea, Thailand, Tunisia and Uruguay.

In other news, comments made by a team of Goldman analysts are starting to get a lot of attention: Analysts at the bank projected that mandatory mask-wearing requirements could cut infection rates by 25%.

So now we have Goldman Sachs warning that mask wearing should be mandatory? Given the recent wave of corporate activism, it’s not terribly surprising. But it’s also certainly worth considering.

* * *

Arizona Gov Doug Ducey last night announced plans for a month-long rollback of the state’s economic reopening, closing bars, restaurants, movie theaters, water parks and other venues, while pushing back the first day of school in the state until Aug. 17. Hours later, on the other side of the world, the leaders of Australia’s second-most-populous state, Victoria, ordered 36 suburbs surrounding Melbourne, the country’s second biggest city, to try and stop a cluster that has emerged over the past couple of weeks.

Australia never had a huge COVID-19 problem (the biggest outbreak before this incident in Victoria was caused by the “Ruby Princess” and the decision to allow infected passengers to disembark without any real scrutiny. Yet, weeks after its neighbor, New Zealand, declared the outbreak over, the country is seeing its worst outbreak yet.

Beginning at midnight on Wednesday (local time), the first suburb-specific stay-at-home order will come into effect for 320,000 people, according to Victorian Premier Daniel Andrews, who spoke at a news conference on Tuesday. For four weeks, residents in the suburbs will be seeing a return to lockdown conditions: They must stay home unless traveling for work, school, healthcare, exercise or food. Restaurants are back to takeout only just weeks after the reopening. Local leaders described the move as a devastating setback for the local economy.

Most of Australia has reported zero or low single-digit daily increases in COVID-19 infections for weeks, Victoria has experienced double-digit increases for each of the previous 14 days, bringing Australia’s national daily totals back toward their highs. Victoria reported 64 new cases on Tuesday, down from the previous day’s 75 new cases.

More lockdown news from overnight: Nevada Governor announced the state won’t hesitate to reimpose restrictions if state-wide trends don’t improve. Georgia Governor Kemp extended his state’s public health emergency until Aug. 11, while LA Mayor Eric Garcetti announced a ‘hard pause’ on cinema reopenings for the largest theater market in the US.

As the number of new cases reported daily accelerates around the world, global cases have reached 10,278,458, according to JHU, while the worldwide death toll has hit 504,936. Elsewhere in Asia, Indian Prime Minister Narendra Modi on Tuesday unveiled plans to extend a plan to provide free grain to more than 800 million Indians until the end of November as the battle against the virus has left India’s economy in tatters. Though its daily number of new cases is off its highs, the numbers its seeing are still well above the peaks from just a couple of weeks ago. On Tuesday India reported 18,522 new cases, down from the 19,459 recorded the prior day, bringing the country’s total to 566,840. The country reported 418 new deaths, bringing the total to 16,893 deaths.

Indian PM Narendra Modi said Tuesday that while the country’s COVID-19 death rate is “under control,” the country’s outbreak has reached a “critical juncture.”

“People are becoming careless,” he said, adding, “we need to call out the violators.”

Back in East Asia, South Korea confirmed 43 new cases, up from 42 a day ago, as total infections reach 12,800 with 282 deaths, while in Japan, Tokyo has found more than 50 new cases for the fifth day running, TV Asahi reported.

China reports 19 new coronavirus cases, up from 12 a day earlier. Of the new infections, seven were in Beijing, which has been battling a fresh outbreak. China also reported four new asymptomatic patients, who tested positive for COVID-19 but showed no symptoms.

Yesterday, US states recorded fewer than 40k new cases for the first time in a week.

p>And deaths remain at or close to their lowest levels from March.

In the US, a team of Morgan Stanley analysts determined, according to a research note published Tuesday, the US reproduction number has remained at 1.17 since last week, while the time for the number of total cases to double has declined slightly to 41 days (vs 46 days last week), “suggesting that spread is ongoing and accelerating. Our total predicted infections now stand at 3.8M.”

Following a move to rollback California’s economic reopening by closing bars and other venues, LA has joined a growing group of cities around the country that are planning to close their beaches for the July 4 weekend.

Following a handful of vaccine-trial updates out of China, British media reported that a global trial designed to test whether the anti-malaria drugs hydroxychloroquine and chloroquine can prevent infection with COVID-19 will soon re-start after being approved by regulators.

Finally, the US isn’t on a “safe list” of destinations for non-essential travel due to be released by EU members later on Tuesday as the bloc unveils guidelines for leisure and business travel beyond its borders. For the past few days, a steady stream of leaks has claimed that the EU would exclude travelers from the US for the remainder of the summer, at least.

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