Categories
Politics

Rubio urges Biden to name for $2,000 stimulus checks on Day 1

Senator Marco Rubio, R-Fla., Exits a subway car on the Senate subway on Wednesday, March 18, 2020, between votes at the Capitol in Washington DC.

Caroline Brehman | CQ appeal | Getty Images

Florida GOP Senator Marco Rubio urges President-elect Joe Biden to push for $ 2,000 in direct payments to Americans on the first day of his presidency as a token of unity following the DC uprising last week.

“Last Wednesday was one of the darkest days in our history. Everywhere in our nation people are looking for answers and calling for accountability, but they are also desperate for hope: hope that Washington leaders can take steps to help our deeply divided People to Heal Nation, “the Florida Republican wrote in a letter to Biden Tuesday.

He added, “It would send a strong message to the American people if, on the first day of your presidency, you asked the House and Senate to pass laws to you to increase direct payments to Americans for the economic impact that because of the pandemic to have to fight from $ 600 to $ 2,000. “

Rubio and Biden both supported $ 2,000 direct payments in the Covid-19 auxiliary bill that was passed late last year. That move was blocked by Senate Majority Leader Mitch McConnell, R-Ky. Biden has not yet set his full agenda for the next round of coronavirus-related aid, but is expected to do so on Thursday. It was already expected that he would push for $ 2,000 in payments.

Democrats have more leverage over the next round of talks thanks to the party’s victories in Georgia’s two democratic runoff elections last week, which allowed them to control the upper chamber of Congress. Democrats will soon hold the Senate, House of Representatives, and White House. Biden will be inaugurated on January 20th at 12 noon.

Following news of the Georgia victories, Biden said he would be pushing for “trillions” in spending on Covid-19 aid.

“It is necessary to spend the money now,” Biden said last week. “The answer is yes, it will be in the trillions of dollars, a whole package.”

The economy, which has been plagued by the health crisis since March, has recently shown signs of deteriorating again after months of lukewarm recovery. The number of non-farm workers fell by 140,000 last month. This marked the first net job loss for the economy since the US lockdown began

In the letter, Rubio urged Biden not to let the payments “get entangled in normal political games by adding a wish-list of left-wing or other unrelated priorities to this legislation”.

“All too often, popular and necessary legislation is used as a lever to secure passage for guidelines that cannot of their own accord,” wrote Rubio. “We saw it already in the middle of the pandemic, when additional funding for small businesses was repeatedly blocked for months.”

The Biden transition team did not respond to a request for comment.

One of the possible measures that Biden has proposed as part of the aid package for Covid-19 is an increase in the federal minimum wage to $ 15 an hour, a longstanding Democratic priority. Two-thirds of Americans said last year that they are in favor of raising the minimum wage to this level, according to a poll by the Pew Research Center.

Subscribe to CNBC Pro for the live TV stream, deep insights and analysis of how to invest during the next president’s term.

Categories
World News

Last buying and selling day of the 12 months

LONDON – European markets closed on Thursday, the last trading day of a year dominated by the coronavirus pandemic and exceptional stimulus measures that sought to mitigate the economic impact of the health crisis.

The pan-European Stoxx 600 index closed 0.14% lower on New Year’s Eve after a shorter trading session. The London FTSE index closed 1.45% lower on the last day the UK is de facto a member of the EU’s internal market and customs union, before Brexit was finally implemented.

UK banks, retailers and construction companies were among the stocks that traded lower on Thursday. Sentiment has likely been influenced by both the uncertainty surrounding Brexit and further restrictions on public life announced by the UK government on Wednesday due to the rate of coronavirus infections.

The Stoxx 600 index closed 3.8% year-to-date, but rose nearly 11% in the quarter. For the individual indices, the FTSE had fallen by over 14% since the beginning of the year, making it the worst year since 2008.

The French CAC 40 fell 7%, the German DAX 3.5% and the Italian FTSE MIB 5.4%. The worst performing market in the region was the Spanish IBEX, which fell nearly 15% this year.

Factory output dates in China

Nearly all European markets ended 2020 bleakly after year-end trading in Asia was weak and US stock futures were largely unchanged early Thursday morning. Markets in Europe closed early Thursday at 1 p.m. London time.

Categories
Business

U.S. must vaccinate three million individuals per day to hit objective

Dr. Carlos del Rio warned The News with Shepard Smith that vaccination efforts for Americans must “change dramatically” since the United States missed its vaccination targets two weeks after the Americans were shot.

“If we want every American who needs a vaccine and wants the vaccine to be vaccinated by July, we have to vaccinate about 3 million people a day,” said del Rio, who was named a professor of medicine at the University of Rio Emory University. “It’s a tremendous effort and it will take a lot of coordination and funding.”

Operation Warp Speed ​​leaders promised the country would receive 20 million cans by the end of the year. According to the Centers for Disease Control and Prevention, states have only received 11.4 million doses to date, and approximately 2 million Americans have received shots. Del Rio said the vaccination effort requires broad collaboration.

“This really requires the federal government, state governments, the private sector and the public sector. Everyone has to do their best so that the clinics are really always open and the vaccinations are available,” said del Rio. “We have underfunded public health for years and it is really difficult to find public health workers who are not employed and can start vaccinating.”

White House Coronavirus Zone, Adm. Brett Giroir, defended Tuesday’s rollout in MSNBC’s Andrea Mitchell Reports.

“The numbers report 2.1 million vaccines in people’s arms. We know this is under-reported as there is a three to seven day delay, but we expect this to increase,” said Giroir.

He added that anyone in the US who wants a vaccine can get one by June, but a model by the Institute for Health Metrics and Evaluation predicts an additional 200,000 Americans would die in the next three months. More Americans are being hospitalized with Covid than ever before, according to the Covid Tracking Project.

Del Rio said reaching the vaccination goal will require recruiting more people to administer vaccines, especially as health workers remain busier than ever.

“You have a problem with the staff, and you have a problem with the staff. So we have to be creative and find ways to train medical students, nursing students and others to administer the vaccines, because if we don’t, we will Do not achieve goal, “said del Rio.

Categories
Health

‘Every Day Is Vital’: South Korea’s 11th-Hour Battle with Covid

SEOUL, South Korea – Intensive care beds are unavailable in several provinces in South Korea to treat the rapidly increasing number of Covid-19 patients. As of Monday, the government confirmed that only 42 beds were available nationwide. There were just six in the Seoul metropolitan area, which is home to half the country’s population and the majority of recent infections. If you

The recent explosion of coronavirus cases in South Korea has put the country at risk in ways it has not seen since the pandemic began. When cases cannot be brought under control and the burden on hospitals continues to worsen, the government can, for the first time, impose Level 3 restrictions, which are the highest level of socially distant rules before a lockdown in South Korea.

In a country that was a role model for the rest of the world for most of the year, a silent fear has spread. The streets of Seoul are getting emptier every day. Supermarkets have reported brisk sales of instant noodles and meal sets. Restaurant owners are concerned that they will be forced to close their doors to customers who only order takeout.

And now the virus is even harder to contain.

“Unlike in the past, this time around, the virus seems to be popping up everywhere and no place is safe,” said Myeong Hae-kyung, a head nurse at Yeungnam University Medical Center in Daegu who served on the front lines when the city was the epicenter of the city first coronavirus outbreak in the country earlier this year.

“In the last few days my life has only switched between hospital and home. I’m scared of going anywhere, ”she said.

This wave focuses on hospitals in South Korea. The country’s goal is to have hospital beds available to patients within one day of being diagnosed with the disease.

However, as of Sunday, 368 patients were waiting at home in the Seoul metropolitan area to be assigned to beds. Last week, a patient died at home in Seoul while waiting for a hospital bed. Another died at home in Seoul on Sunday.

The number of intensive care patients tripled this month to 274 on Monday. At the weekend, South Korea reported more than 1,000 new Covid-19 patients for five consecutive days, a record.

“We must secure hospital beds for seriously ill patients as if we were waging a war,” Prime Minister Chung Sye-kyun said on Sunday. “Every day is critical.”

The rise in infections has created a bottleneck as health officials struggle to allocate a limited number of beds to patients. The government has ordered state and private general hospitals to convert at least one percent of their licensed beds to treat critically ill Covid patients.

Updated

Dec. Dec. 22, 2020 at 5:18 am ET

Health officials expect the bottleneck to decrease significantly in the coming week as more beds become available. The success of the effort will help determine whether the government increases social distancing restrictions to level 3, below which more than 2 million additional businesses would close or dramatically curtail their operations.

“As you can see, people don’t come in,” said Lee Jeong-ae, a restaurant owner in north Seoul, as she pointed to empty tables in her restaurant. “People who suffer most from social distancing are small business owners like us.”

Ms. Lee sells fish soups, fried pork, and other Korean dishes. She recently began preparing for new restrictions by addressing bulk orders for plastic containers, as restaurants like hers are only allowed to sell take-away under Level 3 guidelines.

The Seoul metropolitan area is still below level 2.5, schools, gyms, karaoke rooms, bars and other high risk facilities are closed. Restaurants, cinemas, hairdressing salons and many other shops remain open but must close before 9 p.m.

As of Monday, South Korea has reported 698 deaths in 50,591 cases. The aggressive campaign to “test, track and treat” patients has kept death rates comparatively low. But epidemiologists have urged the government to put level 3 restrictions in place before it’s too late.

Unlike previous waves of the virus with large clusters that officials could target and track, the most recent wave has spread across numerous small clusters in nursing homes, churches, prisons, saunas, and small private gatherings, making it difficult to contain.

Dr. Eom Joong-sik, who treats Covid-19 patients at Gachon University’s Gil Hospital in Incheon, a populous port city west of Seoul, said the current problems were due to the government, despite its reputation as a leader in being the EU could not plan ahead pandemic.

“Experts had already warned that if there was a wave in the Seoul metropolitan area, which is home to half the country’s population, hospital beds could become scarce and the government would have to develop a plan for this scenario,” said Dr. Eom. “Right now, not only are we struggling to secure hospital beds in the metropolitan area, but we’re also struggling to move patients to hospitals as we see hundreds of new patients every day.”

President Moon Jae-in, proud of his administration’s strategy of keeping as much of the economy going while fighting the pandemic, was reluctant to approve Level 3. Instead, the government has stepped up its testing and isolation campaigns and gradually introduced new social distancing rules.

67,000 people were tested for the virus every day over the past week, ten times more than in October. In Seoul and the surrounding cities, the government has added 134 temporary test stations to encourage people to get free tests even when they have no symptoms, in hopes of “preventively” isolating asymptomatic cases.

As part of the government’s efforts to stop people from spreading the disease over Christmas and New Years, birthday parties and other private gatherings of five or more people will be banned in the Seoul metropolitan area from Wednesday.

An annual Christmas Eve gathering around a Christmas tree in Seoul City Hall Square has been canceled. Large churches have put up their usual Christmas decorations but appear abandoned as prayer services with more than 20 people have been banned. The United Christian Churches of Korea have urged believers to celebrate the holidays at home by sharing Christmas carols with friends on social media.

“We will prepare carefully to introduce Level 3 if necessary,” said Son Young-rae, a health ministry spokesman. “But we hope the government and the people can work together to control the wave without going there.”

Categories
Business

Disney Investor Day 2020 bulletins

Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the 2019 D23 Expo in Anaheim, California on August 22, 2019.

Patrick T. Fallon | Bloomberg via Getty Images

The SDisney streaming service Disney + continues to gain subscribers. On Thursday, the company announced that the platform now has 86.8 million subscribers on its annual investor day. That’s more than the 73 million the company reported at the end of its fourth fiscal quarter.

The company’s shares rose 3% on the news.

As of December 2, the company also has 38.8 million Hulu subscribers and 11.5 million ESPN + subscribers.

The entertainment giant’s stock hit a record close of $ 154.69 on Thursday, just before the company’s annual investor event, which is set to announce plans for 2021 and beyond. Disney stock hit an intraday all-time high of $ 155.34 on Thursday.

After rival Warner Bros. announced that it would release 17 films the same day on HBO Max and in theaters the next day, analysts and investors are excited to see how Disney will maneuver through the uncertainty still looming from a global pandemic is.

Kareem Daniel, head of the company’s new media and entertainment sales group, said theatrical releases help build franchises. Something Disney has done well with blockbusters from Marvel and Star Wars over the past decade.

Daniel announced that in Disney + 10 Marvel series, 10 Star Wars series, 15 Disney live action, Disney animation and Pixar series, and 15 Disney live action, Disney animation and Pixar series -Films will be shown.

The company will simultaneously be releasing the Raya and the Last Dragon animated feature on premium video-on-demand via Disney + and in theaters.

This is the latest news. Please try again.