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Health

U.S. Covid instances lowest in a 12 months as Memorial Day journey picks up

A crowd of travelers check in for their flights at LAX on Friday, May 28, 2021.

Allen J. Schaben | Los Angeles Times | Getty Images

The U.S. has reported the lowest number of Covid-19 cases in more than a year, as the nation’s airports over Memorial Day weekend experienced the largest number of travelers since the pandemic began.

The 11,976 new cases reported on May 29 were the lowest since March 23, 2020, when 11,238 new cases were reported, according to data from Johns Hopkins University.

The seven-day average of 21,007 is the lowest since March 31 of last year, when it was 19,363.

Friday also saw the TSA report the highest number of travelers since the pandemic began, with more than 1.9 million people taking to the skies for the long weekend. At the same point last year, the TSA counted just 327,000 passengers at its checkpoints.

The World Health Organization officially declared Covid-19 a global pandemic on March 11, 2020. The U.S. reported 1,147 Covid cases that day. The pandemic would go on to infect more than 33 million people in the U.S. and kill nearly 600,000 people.

Within a week of the WHO declaration, daily TSA travel numbers dropped from 1.7 million to 620,000. By March 25, the number was at 203,000. Since March 11, 2021, the daily number of fliers has remained above 1 million.

More than 60% of U.S. adults have at least one dose of a Covid vaccine, while 40.5% of adults are fully vaccinated, according to Centers for Disease Control and Prevention data. President Biden announced earlier this month that his administration is aiming to increase the number of adults with at least one dose to 70% by July 4. He also said he wants 160 million American adults fully vaccinated by the same date.

“If we succeed in this effort,” Biden said during his announcement, “then Americans will have taken a serious step toward a return to normal.”

The CDC recently said fully vaccinated people do not need to wear masks in most settings, though masks are still required on airplanes, buses, trains and public transportation. Cities across the country are lifting restrictions on indoor dining and gatherings as cases fall and vaccinations increase.

White House chief medical advisor Dr. Anthony Fauci has repeatedly said that he wants to see daily case numbers drop below 10,000 before a broad relaxation of safety measures takes place.

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Health

U.S. Covid instances hit lowest stage since June 2020

People crowd outdoor dining at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021.

Emily Elconin | Reuters

Covid cases in the U.S. have dropped to their lowest level since June as the nation prepares for Memorial Day weekend, the unofficial start of the summer travel season.

The seven-day average of new infections is about 26,000 as of Sunday, according to data compiled by Johns Hopkins University. That is the lowest number since June of last year.

The decline of cases is a hopeful sign, especially as many Americans plan to travel, spend days at the beach and gather with friends and family over the summer. It is the latest in a series of milestones that signal a reopening economy and a gradual return to a more typical way of life.

Cases of Covid have fallen as more people across the country get vaccinated. About 49% of the U.S. population has received at least one shot of a vaccine, and 39% of the population is fully vaccinated as of Saturday, according to data from the Centers for Disease Control and Prevention. Of those age 18 and older, 61% are at least partially vaccinated, according to the CDC.

Retailers, including Target, Walmart and Macy’s said this week that consumers’ purchases reflect that people are becoming more mobile and social again. They said a growing number of customers have returned to stores to browse or bought merchandise they previously skipped over, from new outfits to from teeth whitener.

The CDC’s new public health recommendations also ushered in change earlier this month for Americans who had been wearing masks for months. The federal agency said people who are fully vaccinated do not need to cover their face in most indoor and outdoor settings. That prompted many retailers and some states, including New York, to drop mask requirements for those vaccinated and align with the new policy.

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World News

Bitcoin (BTC) worth plunges to $30,000, hits lowest stage since January

Bitcoin fell to nearly $ 30,000 at one point on Wednesday morning, continuing a major sell-off in cryptocurrency markets that began a week ago.

On the day just before noon ET, the digital currency fell 13% to $ 37,490, according to Coin Metrics. It only hit $ 30,001.51 as sales increased on Wednesday morning before some of those losses were reduced. The cryptocurrency has not traded below $ 30,000 since the end of January.

At its intraday lows, Bitcoin lost more than 40% over the past week.

That means that after Tesla announced it would buy $ 1.5 billion in cryptocurrency, Bitcoin has now wiped out all profits. It’s also down more than 50% since it hit a record high of $ 64,829 in mid-April.

Other cryptocurrencies also fell on Wednesday. According to Coin Metrics, ether, the digital currency that powers the Ethereum blockchain, fell more than 20% to $ 2,699. Dogecoin, a cryptocurrency that started as a hoax and was raised by Musk, fell more than 18% to around 39 cents.

Additionally, the Coinbase cryptocurrency exchange was temporarily unavailable for some users as the coins fell on Monday morning.

Bitcoin prices fell sharply amid the global sell-off of stocks.

Luke MacGregor | Bloomberg | Getty Images

The announcement that it would suspend Bitcoin payments came just three months after Tesla announced it had bought $ 1.5 billion in Bitcoin and would accept Bitcoin in exchange for its products.

Earlier this week, the Tesla CEO suggested that the company may have sold its Bitcoin holdings, but later clarified that it “did not sell Bitcoin”.

On Tuesday, three Chinese banking and payment companies issued a statement warning financial institutions not to engage in any virtual currency-related business, including trading or exchanging fiat currency for cryptocurrency.

China’s hard line on digital currencies isn’t new. In 2017, the authorities closed the local cryptocurrency exchanges and banned so-called ICOs (Initial Coin Offerings), a way for companies in this area to raise money by issuing new digital tokens.

Traders in China once had a large stake in the Bitcoin market, but after the crackdown, their influence was significantly reduced. Chinese cryptocurrency operations have been relocated abroad.

“The crypto markets are currently processing a cascade of messages fueling the bear for price developments,” said Ulrik Lykke, executive director of the crypto hedge fund ARK36.

In the Bitcoin market alone, more than $ 250 billion evaporated last week, Lykke said. While that number seems “astronomical,” such moves are not uncommon in the volatile crypto market, he added.

“In terms of Bitcoin’s outlook, things may look bleak right now, but historically this is just one more hurdle Bitcoin has to overcome and a small one compared to what it has done in the past,” said Lykke.

Bitcoin is still up over 30% since the start of the year and around 300% in the last 12 months.

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Business

These six islands have a few of the lowest Covid-19 charges on the earth

Micronesia has only confirmed one case of Covid-19 so far. The Polynesian island of Samoa and the South Pacific island of Vanuatu only have three cases each.

Sounds like a safe travel choice? There is only one problem – none of them allow tourists.

Many islands that opened to tourists during the pandemic saw rising coronavirus infection rates shortly afterwards.

There are exceptions, however.

The following goals kept Covid rates low by imposing stringent protocols that often include “vacation on the spot” requirements.

Anguilla

Although the small Caribbean island of Anguilla opened to international visitors in November, only 18 Covid-19 cases have been recorded so far, according to Johns Hopkins University.

Travelers to the British Overseas Territory, located east of the British and US Virgin Islands, must be pre-approved for Covid-19 prior to arrival, upon landing, and again after an “on-the-spot” 10 or 10 year stay to test 14 days (depending on where travelers visit from).

Anguilla requires that all travelers be tested, including infants and young children.

Peter Griffith | Stone | Getty Images

During this time, travelers can stay in hotels, villas and dine in restaurants, provided they are “Safe Environment Certified” according to the Anguilla Tourist Board website. You can also play golf, scuba diving and go on offshore excursions, provided these are also state certified.

Travelers can request a “short stay” (less than three months) for approximately $ 250 per person. Remote workers, students, and their families can apply under a separate “Digital Nomad” program that costs $ 2,000 to stay for up to a year.

Vaccination Rate: 26% of the population had at least one dose on February 26 (unless otherwise noted, all vaccination rates are from Our World in Data website).

St. Kitts and Nevis

The 100 square mile island nation of Saint Kitts and Nevis has recorded 41 Covid-19 cases since the pandemic began.

When it reopened its borders more than four months ago, the twin island state did not assign any risk to travelers from different countries, as “all visitors come from an area with considerable risk”, according to the tourism authority’s website.

All arriving travelers, including children and vaccinated individuals, must be approved for entry and tested negative prior to their arrival.

Four Seasons Resort Nevis is on the list of approved hotels for travelers to stay in Saint Kitts and Nevis.

Courtesy of the Four Seasons Resort Nevis

However, St. Kitts and Nevis is more about testing than most of the others. The pre-departure test window is short (between 48 and 72 hours before departure) and the tests must be nasopharyngeal RT-PCR (reverse transcription polymerase chain reaction). Tests “performed in laboratories that have an ISO / IEC 17025 standard,” according to the website.

“Those traveling from the US should look for laboratories that are CLIA (CDC) certified, and those from the UK should look to UKAS approved laboratories,” it says, the latter referring to the UK accreditation service, one national body that evaluates tests and other services.

The website states that test results from the American laboratory company LabCorp will not be accepted. However, a Saint Kitts tourism representative told CNBC Global Traveler that this information is “out of date” and no longer applicable and that travelers can email questions about tests in advance.

Travelers arriving by plane must stay in their hotel for the first week of travel. However, you can interact with other guests and take part in hotel activities. Those who test negative on day eight can move around the island to choose locations, including the Brimstone Hill Fortress, a UNESCO World Heritage Site, and the historic sites in the capital, Basseterre. Note: UK travelers are required to quarantine themselves at their hotels and are currently not allowed to “vacation on the spot”.

Guests who test negative after 14 days on the island can integrate into the local population of around 53,000.

Vaccination Rate: Around 10% of the population as of March 10th (according to a country tourism representative).

Macau

Although the historic part of Macau is on a peninsula that is now connected to mainland China, Macau’s Cotai Island is a major tourist attraction because of its great casino complexes, including the 10.5 million square meter Venetian Macau.

Like Hong Kong, Macao is a special administrative region in China. Although it is mostly only open to residents of China, Hong Kong, and Taiwan, it still accounts for nearly 20% of the world’s population.

The Cotai Strip is located on Cotai Island, a portmanteau that reflects the redevelopment project that joined the two Macau Islands of Coloane and Taipa in 2005.

Noppawat Tom Charoensinphon | Moment | Getty Images

Quarantine times vary from zero (for travelers from most of China) to 21 days (for travelers from Hong Kong). Casino stocks rebounded when Macau announced last month that Chinese travelers would no longer need negative test results to enter casinos (though they still need to have negative tests to get into Macau).

Macau has nearly 650,000 residents and is much larger than the other places on this list. So far, 48 Covid-19 cases have been confirmed. However, in China, coronavirus cases are counted differently than in most other countries by excluding asymptomatic positive cases from the official numbers.

Vaccination status: According to local reports, a rollout campaign with Chinese-made Sinopharm vaccines was started in February.

Grenada

Around 112,000 people live in Grenada. A total of 148 coronavirus cases have been confirmed.

Travelers who want to keep things simple will appreciate Grenada’s travel requirements. Before leaving, travelers must book accommodations, register for a certificate, and test a negative for Covid-19. Upon arrival, travelers must quarantine and pass a PCR test on the fifth day. The results will be presented about two days later.

Travelers to Grenada should expect a quarantine of about 7 days.

Westend61 | Westend61 | Getty Images

After that, visitors can leave their hotels and use certified tourism services, including taxis, dive companies, and glass-bottom boats.

Vaccination Rate: <1% of the population had at least one dose on February 16.

Dominica

Although the island nation of Dominica has 40,000 fewer inhabitants than Grenada, it has recorded three more cases than its Caribbean neighbor – or 151 in total.

After reopening for tourists in August, the island state between Martinique and Guadeloupe launched a program called “Safe in Nature” last October, with which travelers stay in certified accommodation and for the first five to seven days certified means of transport to selected locations on the island Island can take days of a trip. It’s part of what Dominica calls the “managed experience”.

The 275 square mile island nation of Dominica allows travelers from high risk countries to visit places like Trafalgar Falls and the Emerald Pool (shown here).

Jan Kokes | 500px | Getty Images

However, this only applies to travelers from high risk countries, including the US, Canada, UK, France, and Japan, although travelers from low and medium risk countries also participate in the program. Other travelers are “monitored” at their accommodation, which the Dominica Tourism Authority defines as face-to-face and telephone interviews and reviews.

Vaccination rate: 10% the population Has had at least one dose As of March 1st.

British Virgin Islands

With a population of 30,000, the British Virgin Islands have less than a third of the population of the US Virgin Islands. And its 153 confirmed Covid-19 cases are far fewer than the U.S. Virgin Islands, which has recorded 2,744 cases as of March 10.

The British Overseas Territory reopened on December 1st and requires travelers to test on arrival, download a tracking app (or wear a wristband monitor) and quarantine at their hotel or villa for four days. Tourists cannot move around the island during this time.

Tortola Island in the British Virgin Islands.

Walter Bibikow | DigitalVision | Getty Images

Anyone five years or older who passes a PCR test on the fourth day of travel is free to move around the British Virgin Islands afterwards.

Travelers are also required to stay in “Approved Gold Seal Accommodation,” which includes a list of locations on Tortola, Virgin Gorda, Jost Van Dyke, and Anegada, as well as Richard Branson’s luxurious private Necker Island.

Vaccination Rate: It was 13% of the population on March 5, according to a government press release.

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World News

Gross sales plummeted 80%, lowest haul in many years attributable to Covid-19

A Cinemark employee serves popcorn to a customer at a concession booth in Cinemark’s Century 16 at the South Point Hotel & Casino on August 14, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images News | Getty Images

Just days before the end of the year, the effects of the coronavirus pandemic on the film industry in 2020 are clear and devastating.

According to data from Comscore, ticket sales fell 80% to $ 2.28 billion, a far cry from the second-best box office ever of $ 11.4 billion in 2019.

“To say this has been a challenging year for cinemas is an understatement,” said Paul Dergarabedian, senior media analyst at Comscore.

The year got off to a strong start: the industry raised more than $ 900 million in January, an increase of 10% over the same month last year. Much of its success was thanks to films like “Jumanji: The Next Level” and “Star Wars: The Rise of Skywalker,” which released in December 2019 and are still in theaters in January.

Ticket sales in February were over $ 651 million, up 4% year over year.

However, in March the film industry entered a period of forced hibernation when the US was locked down to contain the coronavirus pandemic.

In March 2019, the domestic box office achieved sales of 967 million US dollars thanks to blockbuster titles such as “Captain Marvel”, “Us” and “How to Train Your Dragon: The Hidden World”. With theaters suddenly closing, the box office dropped 73% to just $ 258 million in March 2020.

Even after the cinemas reopened, the largest chains remained closed until the end of August. As a result, the domestic box office has not seen more than $ 100 million in revenue in any month since March.

“The full year North American cash register numbers will obviously be a fraction of the pre-pandemic market, but the fact that it had over $ 2 billion in sales in 2020 is certainly impressive,” Dergarabedian said.

Ticket sales of nearly $ 2.3 billion in 2020 is an estimate and could change slightly before January 1. However, analysts do not expect this number to fluctuate much as less than 40% of domestic and international cinemas are open to the public which are capable of operating must do so with limited capacity. Not to mention that there are no more weekends in the year. This is the most popular time for moviegoers to go to the theater.

Assuming this number is correct, it will be the lowest number the domestic box office has collected in nearly 40 years, according to Comscore. According to Dergarabedian, it wasn’t until the early 1980s that cash tracking became coherent, making it difficult to trace the data any further.

On the way into 2021, analysts and cinema operators are more optimistic about the box office. While there won’t be any major movie releases through March, the recent opening of Wonder Woman 1984 in the US and Canada is building confidence in an industry-wide recovery.

“We are cautiously optimistic as long as needles go into our arms,” ​​said a cinema operator with locations in the southern United States about the introduction of vaccines in the country.

The hope for these companies is that enough people will be vaccinated by mid-2021 so that the cinemas will be fully occupied again and moviegoers will feel good again when they return to big blockbusters.

The list of films is especially robust considering how many films have been postponed as of 2020. These include Marvel’s “Black Widow”, the ninth “Fast and Furious” film, “Jungle Cruise”, a new “Minions” film and the James Bond film “No Time to Die.”

“Wonder Woman 1984 showed that the power and excitement of cinema still exist amid a pandemic, and that’s at least some good news in a year that the industry would like to take a back seat,” Dergarabedian said .

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the studio behind the “Fast and Furious” films and has international distribution rights for “No Time to Die”.