Thursday, April 9, 2020

Smelson's Covid-19 News for 4.9.2020

 

Once again, I watch it so you don’t have to. Updates for 4/8/2020

 

Miscellaneous News Throughout the Day

  • There is confusion about who is in charge in the fed regarding response to supplies.
  • DC/Baltimore/Philly are the next projected hot spots.
  • DC expects 1 in 7 residents to contract C19.

Cuomo

  • Best case scenario was 100-240K deaths.
  • They are at 90K bed capacity currently.
  • NY has enough beds to cover some of the scenarios, but not all.
  • The flattening of the curve is what occurred because of how you practiced social distancing.
  • It is essential that we keep the curve flattened because we won’t be able to handle result.
  • Number of people admitted to ICU is at its lowest daily point since 3/18.
  • 799 deaths in NY 4/8, highest number per day yet.
  • Rapid testing is going to be the bridge to getting back to work.
  • Remember that the 1918 Influenza came in three waves. We’re on wave one.
  • Wuhan and South Korea are now experiencing wave two.
  • NY has set up an emotional help support hot-line.

Linkedin Editors Live

  • Danny Meyer
    • Decided to shut down because he saw the danger to his staff and guests
    • Donated all food to employees and meal kitchens
    • Felt the best thing to do was to allow his employees to collect unemployment
    • Doing weekly Zoom conferences with all of his employees
    • Provides updates on what’s going on and what resources are available for finding new jobs, working with UI, health care, child care, emotional care
    • Started the USHG Hugs Fund – cut his compensation to zero and contributed it to seed the fund. Sold $400K worth of gift cards and put that all into the fund.
    • Has granted out over $500K to his team already as a result of that fund.
    • 660K restaurants in the US which makes it the 2nd largest employer in the country
    • 90-95% of their revenue goes right back into the economy –think about how that spirals out. Everyone they do business with isn’t participating in the economy.
    • When hospitality comes back it will be different due to the need to social distance.
    • Says the PPP is a good plan. The machinery is completely overwhelmed though.
    • Absent the right type of federal policy a lot of restaurants will go out of business.
    • In the near-term business models will need to change just to get open. It won’t
    • We’re going to have to recruit teams back, determine how best to execute change to take-out/pickup.
    • Need to determine how best to implement a health-passport like we did post-9/11 to get on planes. Humans crave safety.
    • There are foods people are used to getting for takeout.
    • For every single business there are going to be pared-down menus.
    • You’ll have to figure out what travels well. Has to be a mind-set change as from what’s beautiful a la minute to what is going to travel well in a compostable container.
    • Pre-9/11 did you think you’d have to have your driver’s license to get into an office building? Things are going to have to change

 

Trump Presser

  • Starts with the airline business. They’ll be having discussions with them over the weekend. It’ll be good for a lot of people.
  • Just spoke with Putin and Salomon. Discussed OPEC.
  • We’ll be opening very, very, very, very soon. (That’s a quote)
  • Pfizer has found something they think will keep the virus from replicating.
  • 19 therapies/treatments are currently being tested and 26 more are in the active planning for clinical trials.
  • Passed more than 2 million tests. More than anywhere in the country. (That’s a quote)
  • Fed announced another 2.3 trillion dollars for recovery.
  • Expanding the PPP. Need the Dems and Reps to come together to make this happen.
  • Student loan payments are waived for six months.
  • The speech he read would have sounded better if anyone else was reading it. Sorry.
  • Trump says we have the best testing system in the world but there are certain sections of the company that are in great shape. Do we need extensive testing to get the country back to work? No. Would it be nice to have? Yes.
  • He has had good, proper feelings about a lot of things over the years. He thinks the economy will come back.
  • We’re looking at a much lower level than the level of 100,000.
  • We’re going to have a big bounce, rather than a small bounce. We’re going to open up strong and more successfully than before.
  • Says that NAFTA was the worst deal any country ever had.
  • Says he looks forward to seeing the reporters tomorrow. ??

Pence

  • Working around the clock to get the tests out.
  • 450K cases and 16K+ deaths.
  • All of us understand that these aren’t just numbers, they’re lives. Our hearts go out to all of the families who have lost loved ones.
  • Individual payments will go out to families with direct deposit by the end of next week.
  • Testing sites will transition from federal to state should the states want that.
  • He urges everyone who is feeling an emotional burden to reach out to the resources available.
  • He urges every American to continue using the social distancing guidelines.

Birx

  • Positive test rates for males is much higher than for women. If you have symptoms you should be tested. Engage your health care providers.

Fauci

  • Even though we’ve got a record number of deaths the number of hospitalizations is coming down. Social distancing is working.

Once again, no one will answer the question about the fast testing. Where are we on this? What is lacking in order to use the machines? Is it a discrepancies in guidance from the CDC or FEMA that is prohibiting their use?

 

Once again, thank you for reading. Do not take anything written here as gospel and certainly don’t make any financial decisions based from the information provided. Stay as tuned-in as you can. Support your local businesses as much as you can. Lastly, #staythefuckhome

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