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The Pronk Pops Show 1413, March 13, 2020, Story 1: President Trumps Declares A National Emergency — Unleashes Full Power of United States Government — $50 Billion in New Funding To Deal With COVID-19 Pandemic — Videos- Story 2: House Expected To Pass Family First Coronavirus Response Bill Supported By President Trump — Videos –Story 3: United State Stock Market Rallies — Best Day Since 2008 — Consumer Sentiment Beating Expectations At 95.9 — Videos

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Story 1: President Trumps Declares A National Emergency — Unleashes Full Power of United States Government — $50 Billion in New Funding To Deal With COVID-19 Pandemic — Videos

 

BREAKING: Donald Trump declares a national emergency

Trump declares National Emergency over coronavirus

Trump declares national emergency over coronavirus pandemic

Tucker: Regular life is all but suspended

Hannity: Major businesses working with Trump on coronavirus

 

Trump declares virus emergency; Pelosi announces aid deal

President Donald Trump on Friday declared the coronavirus pandemic a national emergency in order to free up more money and resources. But he denied any responsibility for delays in making testing available for the new virus, whose spread has roiled markets and disrupted the lives of everyday Americans.

Speaking from the Rose Garden, Trump said, “I am officially declaring a national emergency,” unleashing as much as $50 billion for state and local governments to respond to the outbreak.

Trump also announced a range of executive actions, including a new public-private partnership to expand coronavirus testing capabilities with drive-through locations, as his administration has come under fire for being too slow in making the test available.

Trump said, “I don’t take responsibility at all” for the slow rollout of testing.

Late Friday, House Speaker Nancy Pelosi announced a deal with the Trump administration for an aid package from Congress that aims at direct relief to Americans — free testing, two weeks of sick pay for workers, enhanced unemployment benefits and bolstered food programs.

“We are proud to have reached an agreement with the Administration to resolve outstanding challenges, and now will soon pass the Families First Coronavirus Response Act,” Pelosi announced in a letter to colleagues. The House was poised to vote.

The crush of late-day activity capped a tumultuous week in Washington as the fast-moving virus shuttered the capital’s power centers, roiled financial markets and left ordinary Americans suddenly navigating through self-quarantines, school closures and a changed way of life.

The White House was under enormous pressure, dealing with the crisis on multiple fronts as it encroached ever closer on the president.

Trump has been known to flout public health advice — eagerly shaking hands during the more than hour-long afternoon event — but acknowledged he “most likely” will be tested now after having been in contact with several officials who have tested positive for the virus. “Fairly soon,” he said.

Still, Trump said officials don’t want people taking the test unless they have certain symptoms. “We don’t want people without symptoms to go and do that test,” Trump said, adding, “It’s totally unnecessary.”

Additionally, Trump took a number of other actions to bolster energy markets, ease the financial burden for Americans with student loans and give medical professionals additional “flexibility” in treating patients during the public health crisis.

“Through a very collective action and shared sacrifice, national determination, we will overcome the threat of the virus,” Trump said.

Central to the aid package from Congress, which builds on an emergency $8.3 billion measure approved last week, is the free testing and sick pay provisions.

Providing sick pay for workers is a crucial element of federal efforts to stop the rapid spread of the infection. Officials warn that the nation’s healthcare system could quickly become overwhelmed with gravely sick patients, as suddenly happened in Italy, one of the countries hardest hit by the virus.

The ability to ensure paychecks will keep flowing — for people who stay home as a preventative measure or because they’re feeling ill or caring for others — can help assure Americans they will not fall into financial hardship.

Hopes for swiftly passing the package seemed to be fading throughout the day as talks dragged on and Trump dismissed it during as “not doing enough.”

Ahead of Trump’s new conference, Pelosi delivered a statement from the speaker’s balcony at the Capitol imploring the Trump administration and congressional Republicans to “put families first” by backing the effort to provide Americans with relief.

“Our great nation has faced crisis before,” Pelosi said. “And every time, thanks to the courage and optimism of the American people, we have prevailed. Now, working together, we will once again prevail.”

Pelosi and Mnuchin engaged in days of around-the-clock negotiations with cross-town phone calls that continued even as Trump was speaking, both indicating earlier they were close to a deal.

They both promised a third coronavirus package will follow soon, with more aggressive steps to boost the U.S. economy, which economists fear has already slipped into recession.

The financial markets closed on an upswing after one of the worst nosedives since the 1987 downturn.

For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia.

The vast majority of people recover. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to be over it.

Trump said he was gratified that Brazilian President Jair Bolsonaro tested negative for the virus, after the pair sat next to each other for an extended period of time last weekend at Trump’s Mar-a-Lago club. A senior aide to Bolsonaro tested positive.

Trump’s daugher, Ivanka Trump, worked from home Friday after meeting with Australian Home Affairs Minister Peter Dutton, now in isolation at a hospital after testing positive for the coronavirus. White House spokesman Judd Deere said she was evaluated by the White House Medical Unit and it was determined that because she was exhibiting no symptoms she does not need to self-quarantine.

Attorney General William Barr, who also met with the Australian official, was staying home Friday, though he “felt great and wasn’t showing any symptoms,” according to his spokeswoman Kerri Kupec.

Several lawmakers, including some close to Trump, have also been exposed to people who tested positive for the virus, and are self-isolating.

Among them are Republican Sens. Lindsey Graham and Rick Scott, who were at Trump’s club on the weekend. Graham announced Friday that he also met with the Australian official who has now tested positive. And GOP Sen. Ted Cruz of Texas, who had previously isolated himself after a potential exposure at a conservative conference in Washington, said Friday he met with a Spanish official and is now self-quarantining.

Hospitals welcomed Trump’s emergency declaration, which they and lawmakers in Congress had been requesting. It allows the Health and Human Services Department to temporarily waive certain federal rules that can make it harder for hospitals and other health care facilities to respond to an emergency.

The American Medical Association said the emergency declaration would help ensure America’s health care system has sufficient resources to properly respond to the ongoing outbreak.

Trump has struggled to show he’s on top of the crisis, after giving conflicting descriptions of what the U.S. is doing to combat the virus. On Wednesday he announced he would ban travel to the U.S. from Europe, and on Friday he suggested extending that to the U.K. because of a recent rise in cases.

Dr. Anthony Fauci, infectious disease chief at the National Institutes of Health, said more tests would be available over the next week, but warned, “We still have a long way to go.”

Fauci said Friday, “There will be many more cases. But we’ll take care of that, and ultimately, as the president said, this will end.”

___

Associated Press writers Aamer Madhani, Alan Fram, Lauran Neergaard, Martin Crutsinger, Laurie Kellman, Michael Balsamo and Kevin Freking in Washington and Bill Barrow in Atlanta contributed to this report.

https://apnews.com/83b0c8e168548fd453b0c177dd1f203a

 

Story 2: House Expected Passes Family First Coronavirus Response Bill Supported By President Trump — Videos

House Passes Coronavirus Relief Bill

House approves coronavirus response bill supported by Trump

House Speaker Nancy Pelosi says the House will pass coronavirus legislation

Mnuchin: Trump is very interested in putting money into the economy

PBS NewsHour West live episode, March 13, 2020

Story 3: United State Stock Market Rallies — Best Day Since 2008 — Consumer Sentiment Beating Expectations At 95.9 — Videos

The Dow Is Soaring – Here’s Why the Stock Market Is Cheering Trump

Barry Sternlicht: Stock market will make a comeback from coronavirus

El-Erian on markets: ‘It’s getting less scary than it has been for a while’

Cramer’s game plan for the trading week of March 16

Jim Cramer: Not sure this stock market sell-off can be stopped

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The Pronk Pops Show 1410 March 10, 2020, Story 1: The Choice is Yours — The Time is Now — Permanent Fundamental Tax Reform With Broad Based Consumption Tax With Tax Prebate (FairTax or Fair Tax Less) Replacing All Federal Taxes Is What Is Needed Now — Be Bold President Trump —  Videos — – Story 2: Oil Prices Falling with Russia and Saudi Arabia in Price and Market Share War — Consolidation in U.S. Shale Oil Industry Long Over Due — Videos — Story 3: Stock Market Prices Bounce Back Up in Market Rally — Videos — Story 4: Airlines Blame Big Lie Media Mob For Pushing Pandemic Panic — Videos —

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Pronk Pops Show 1369 December 5, 2019

Pronk Pops Show 1368 December 4, 2019 

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Story 1: The Choice is Yours — The Time is Now — Permanent Fundamental Tax Reform With Broad Based Consumption Tax With Tax Prebate (FairTax or Fair Tax Less) Replacing All Federal Taxes Is What Is Needed Now — Be Bold President Trump —  Videos — 

 

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FairTax: Fire Up Our Economic Engine (Official HD)

FAIRtax-What is It? Replaces income tax and payroll tax with sales tax

Freedom from the IRS! – FairTax Explained in Detail

The Case for the Fair Tax

The FAIRtax and the Coronavirus

Pence on the Fair Tax

White House pushes economic stimulus

Mike Huckabee: The fair tax is a superior alternative

Neal Boortz FAIRtax vs Republican Tax Plan

Congress wants coronavirus stimulus plan to include paid sick leave

Coronavirus fears trigger shutdowns and market decline

Trump looking at stimulus package’ amid ‘difficult time in markets’

Trump: Economic stimulus package ‘coming soon’

 

Storoy 2: Oil Prices Falling with Russia and Saudi Arabia in Price and Market Share War — Consolidation in U.S. Shale Oil Industry Long Over Due –Videos —

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Oil rebounds after worst day since first Gulf War

What impact Saudi Arabia’s oil price war could have on the energy sector

What it would take to stop Saudi Arabia’s oil production ramp up

Saudi Arabia Steps Up Oil Price War With Russia

Oil price war second effect of coronavirus: Goldman Sachs’ Jeff Currie

Dan Yergin on CNBC as U.S. crude crashes 33% | Capital Connection

Story 3: Stock Market Prices Bounce Back Up in Market Rally — Videos —

Markets manage to rally on seesaw day

Retail investors should stay on the sidelines for now: Allianz chief economic advisor

Jim Cramer: I’m more comfortable buying stocks after Donald Trump floated virus stimulus

 

‘Nothing is shut down, life & the economy go on’: Trump claims the oil price war behind markets crash is ‘GOOD for the consumer’ because gas prices are coming down and blames fake coronavirus news for historic drop

  • Donald Trump continues to downplay the threat of coronavirus, claiming the media and Democratic Party is trying to ‘inflame’ the situation in the U.S. 
  • ‘The Fake News Media and their partner, the Democrat Party, is doing everything … to inflame the CoronaVirus situation,’ the president tweeted Monday
  • He also insisted that the massive market drop Monday morning is actually ‘good for the consumer’ because prices are lower for gasoline
  • His claim comes as the death toll in the U.S. reached 26 Monday
  • Global and the U.S. stock markets also continue to plummet over the fast-spreading virus and concerns over Saudi Arabia launching a price war on oil
  • Trump, the first to tout market gains under his administration, has not address the market impact of coronavirus
  • The Dow dropped nearly 7 per cent on Monday 

Donald Trump claimed the oil price crash which led to the plunging stock market was ‘good’ for consumers because it is based on cheaper gas Monday as Wall Street faced a fall so dramatic trading was briefly halted.

‘Good for the consumer, gasoline prices coming down!’ Trump tweeted Monday, one of a string of tweets accusing the ‘fake news’ of prompting the sell-off.

He accused the media of ‘inflaming’ the virus outbreak and dismissed the collapse in oil prices as the result of Saudi Arabia and Russia ‘arguing.’

As the Dow Jones lost a year’s gains, he was shuttling across Florida from Mar-a-Lago to a $100,000-a-head fundraiser – and tweeting that flu was worse than coronavirus.

‘Saudi Arabia and Russia are arguing over the price and flow of oil,’ Trump continued in another tweet Monday morning. ‘That, and the Fake News, is the reason for the market drop!’

Markets all over the world plummeted Monday over the growing threat of the virus spreading, but Trump has not addressed the economic impact as the coronavirus death toll bypassed 20 in the U.S.

Global markets opened with big losses Monday morning as the economy saw its worst day in more than 10 years.

Trump continued to downplay the threat, citing that more people died from the flu last year, and insisting life and the economy will ‘go on’ even over the escalation in coronavirus outbreak.

‘So last year 37,000 Americans died from the common Flu. It averages between 27,000 and 70,000 per year,’ Trump cited in a tweet.

‘Nothing is shut down, life & the economy go on,’ he insisted. ‘At this moment there are 546 confirmed cases of CoronaVirus, with 22 deaths. Think about that!’

The president has repeatedly expressed incredulity at the number of flu deaths, and the idea that people die of it. In 1918, his grandfather Freidrich died of Spanish flu.

Trump claims that media outlets are working with Democrats to make the coronavirus outbreak seem worse than it is.

Donald Trump claimed Monday morning that the market drop is 'good for the consumer' because gasoline prices are coming down

Donald Trump claimed Monday morning that the market drop is ‘good for the consumer’ because gasoline prices are coming down

The Dow Jones saw its worst single-day drop since 2008 as Saudi Arabia goes into a price war over oil and concerns over coronavirus spreading continues to rock, but Trump said the 'fake news' is the reason for the plummet

The Dow Jones saw its worst single-day drop since 2008 as Saudi Arabia goes into a price war over oil and concerns over coronavirus spreading continues to rock, but Trump said the ‘fake news’ is the reason for the plummet

During his trip to attend a fundraiser in Orlando,  Trump shook hands with supporters gathered to greet him

During his trip to attend a fundraiser in Orlando,  Trump shook hands with supporters gathered to greet him

The president insisted while tweeting from Florida Monday that 'life & the economy [will] go on' as markets plunged and coronavirus concerns spread

The president insisted while tweeting from Florida Monday that ‘life & the economy [will] go on’ as markets plunged and coronavirus concerns spread

In continuing to downplay the threat of coronavirus, he claimed the media and Democratic Party are trying to 'inflame' the situation in the U.S.

Instead, he took to Twitter to laud himself and his administration for the response to the outbreak

Instead, he took to Twitter to laud himself and his administration for the response to the outbreak

Trump also praised himself for making the decision to halt travel from high-risk countries as the fast-spreading respiratory virus rose as a worldwide threat

Trump also praised himself for making the decision to halt travel from high-risk countries as the fast-spreading respiratory virus rose as a worldwide threat

‘The Fake News Media and their partner, the Democrat Party, is doing everything within its semi-considerable power (it used to be greater!) to inflame the CoronaVirus situation, far beyond what the facts would warrant,’ the president tweeted Monday morning.

‘Surgeon General, ‘The risk is low to the average American,” he continued, quoting U.S. Surgeon General Jerome Adams.

‘So much FAKE NEWS!’ he lamented in a separate tweet Monday morning.

Trump’s claims comes as the death toll in the U.S. reached 26 on Monday afternoon and cases continued to spread to new areas of the country, including the first confirmed case in Washington, D.C.

Kansas and Missouri also announced their first cases over the weekend as the cases number now exceeds 600.

The most U.S. deaths occurred in Washington state after the virus spread among residents at a nursing facility in a suburb of Seattle.

But Trump insists the threat is less serious than is being portrayed by media reports and Democratic lawmakers.

He then praised himself in another tweet Monday morning for banning travel from high-risk countries early on in the outbreak.

‘The BEST decision made was the toughest of them all – which saved many lives,’ Trump lauded of his administration. ‘Our VERY early decision to stop travel to and from certain parts of the world!’

Trump stopped travel from certain countries to the U.S., including from China and Iran – and Americans have been warned of traveling to other high-risk countries like Italy and South Korea.

The president is usually the first to address stock market gains under his administration, but since coronavirus has caused markets to fall, he has remained largely silent on the matter.

Earlier this month, the U.S. saw its worst week since the 2008 financial crisis and on Monday markets plunged nearly 7 per cent.

Markets in Asia, Europe and the Middle East also opened sharply lower on Monday as investors came to grips with the global spread of coronavirus.

Trump also praised Vice President Mike Pence, who he appointed last month to lead the charge by the coronavirus task force on addressing the outbreak and halting the spread

Trump also praised Vice President Mike Pence, who he appointed last month to lead the charge by the coronavirus task force on addressing the outbreak and halting the spread

Economic experts claimed Monday morning that investors are waking up ‘shell shocked,’ as oil markets crashed.

The global market plunged, causing the worst one-day crash in crude oil prices in 30 years, after Saudi Arabia launched a price war.

On Friday Russia refused to follow OPEC’s efforts to stop market plummets caused by the escalation of the coronavirus outbreak.

In early trading, BP was down by 18 percent, Royal Dutch Shell was down 14 percent and ExxonMovil was down 11 percent.

Ordinarily, a slump in oil prices offers a boost for airlines because their fuel costs are low.

But with the ever-shrinking demand for flights due to the virus, they have been left unable to capitalize.

The coronavirus crisis, which has now infected more than 110,000 people globally, has crippled supply chains and prompted cuts to global growth forecasts for 2020.

Downtrodden brokers on the floor of the New York Stock Exchange on Monday morning before the market opened

Downtrodden brokers on the floor of the New York Stock Exchange on Monday morning before the market opened

Gregory Rowe, a trader, look forlorn as he waits for the markets to open

There are now more than 500 cases of the virus in the US alone

There are now more than 500 cases of the virus in the US alone

There is no sign that the spread is close to slowing down, either.

Traders are now expecting the Federal Reserve to again cut interest rates next week after an emergency reduction on March 3, putting the yield on benchmark 10-year U.S. Treasury on course for its biggest one-day fall in almost a decade.

Shares of rate-sensitive U.S. banks Citigroup Inc, Bank of America Corp, JPMorgan Chase & Co, Goldman Sachs, Wells Fargo & Co and Morgan Stanley slid between 7.4 percent and 9.6 percent.

Marathon Oil Corp, Devon Energy Corp, Apache Corp, Pioneer Natural Resources Co slipped between 22 percent and 28 percent and were some of the biggest losers among S&P 500 components.

At 7:12 a.m. ET, Dow e-minis were down 1,255 points, or 4.87 per cent. S&P 500 e-minis were down 145 points, or 4.89 percent and Nasdaq 100 e-minis were down 410 points, or 4.82 percent.

Much of the chaos has been sparked by the failure of a deal between  OPEC Saudi Arabia and non-OPEC leader Russia.

Generally, the world’s largest oil producers agree on production rates and cuts in order to stabilize the industry.

With coronavirus slowing demand for supply, they met last week with Russia, which is not part of OPEC but is a large oil producer, to discuss cutting production.

Russia refused, setting in motion a chain of events described by analysts as a ‘worst case scenario’ that could descend into an all-out price war.

Last month, Trump appointed Vice President Mike Pence to head the task force addressing the coronavirus crisis.

‘Great job being done by the @VP and the CoronaVirus Task Force. Thank you!’ Trump tweeted Monday.

Coronavirus has infected more than 108,000 people worldwide and is throwing many countries’ economies into turmoil.

The number of confirmed cases in New York rose by 13 over the weekend, nearing the state total to 90.

New York governor Andrew Cuomo issued a declaration of emergency in the state.

But Trump claimed late Sunday night that the messaging from Cuomo is ‘political weaponization’ of the coronavirus.

‘There are no mixed messages, only political weaponization by people like you and your brother, Fredo!’ Trump insisted in his tweet, making reference to Cuomo’s brother, CNN anchor Chris Cuomo.

Graphic shows spread of Coronavirus as world cases top 110,000

HOW SAUDI ARABIA IS TRYING TO CRIPPLE RUSSIAN OIL

Saudi Arabia slashed its oil export prices over the weekend and declared a price war with Russia that sent global markets reeling and marked the sharpest decline in oil futures since 1991.

The price drop came after Russia refused to sign on with a proposal by the Organization of the Petroleum Exporting Countries (OPEC) to cut production globally as the coronavirus outbreak has slowed the demand for oil.

OPEC nations met with allies like Russia on Thursday and Friday in Vienna to reduce oil production by an additional 1.5million barrels per day to stabilize the market starting in April through the end of the year.

But Russia refused to join to agreement.

From Russia’s perspective cutting production would boost US oil producers at the expense of international competitors and lead to a loss in profits.

On Saturday, after the group failed to come to a consensus, Saudi Arabia – which runs the world’s large oil company Saudi Aramco – slashed its export oil prices to saturate the market and trigger a price war aimed at Russia.

Crown Prince Mohammed bin Salman

Russian president Vladimir Putin

 

An oil price war triggered by a falling out between Saudi Arabia and Russia is exasperating the economic chaos. Crown Prince Mohammed bin Salman (left) and Russian president Vladimir Putin (right)

Saudi Arabia slashed crude prices to Chinese customers by as much as $6 to $7 a barrel and is looking to boost output by as many as 2million barrels a day.

China is the world’s biggest oil importer and has purchased oil at cheap prices to stockpile for future use in the past.

As a result the Brent global oil benchmark fell dramatically on Sunday by 30 percent, dropping to $31.02 a barrel at its lowest.

US West Texas Intermediate crude, the other main price benchmark for oil, dropped 27% to $30 per barrel – the lowest level since February 2016.

Sunday’s decline in the oil market was the sharpest slump in 29 years since the Gulf War in 1991.

Global stock markets took hits on Sunday with the Tokyo stock market index plunging 6.2 percent, Hong Kong 3.9 percent, Sydney 6.1 percent, and Riyadh eight percent.

The failed talks marked the first break in a three-year alliance between Saudi Arabia led by Crown Prince Mohammed bin Salman and Russia’s President Vladimir Putin.

The alliance was key to competing with a surge in American oil production that turned the US into a major crude exporter for the first time in decades.

In response to the price cut Russia said its companies were free to pump as much as they could, as per Bloomberg.

‘If you are Russia, it’s worth it for you to take a three-month price hit to see if you can knock out U.S. oil exports,’ Amy Myers Jaffe, an oil and Middle East expert at the Council on Foreign Relations, said to the New York Times. ‘They might be correct for three months but the shale never gets destroyed.’

Jaffe said the disagreement between the two nations ‘signals that the relationship between Saudi Arabia and Russia is on the skids.’

Analysts speculate the actions over the weekend may have been a game between Saudi Arabia and Russia that will end when they come to a compromise.

If not, oil prices could tumble to the lowest level in five years

Story 4: Airlines Blame Big Lie Media Mob For Pushing Pandemic Panic — Videos

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New York’s COVID-19 outbreak: How big cities are coping | The Weekly with Wendy Mesley

Journalist goes undercover at wet markets where the Coronavirus started | 60 Minutes Australia

Airlines cut flights as travellers cancel amid coronavirus outbreak

Worst yet to come’ – European airlines on virus impact

How the airline industry is weighing the risk of coronavirus

Local Doctor On What To Buy To Be Prepared For Coronavirus

Journalist goes undercover at wet markets where the Coronavirus started | 60 Minutes Australia

CORONAVIRUS PANDEMIC PANIC BUYING | Crazy Toilet Paper Shortage

The State of Costco in Oregon After COVID-19 / Coronavirus Outbreak – Prepping for Non-Preppers

Travel slump worsens as airlines try to blame media

Health officials have warned, though, that it may not be safe for everyone to fly everywhere.

JFK Airport

In a statement Tuesday morning, the trade group Airlines for America said that “false media narratives … have led to confusion and uncertainty across the country,” and argued that it’s safe to fly, saying “numerous health officials have affirmed that the risk remains low for travelers who follow CDC guidelines.”

Sen. Maria Cantwell, the top Democrat on the committee that oversees aviation, said she didn’t fly home to Washington state last weekend and doesn’t plan to in the foreseeable future.

“I have an 88-year-old mom who’s living at my house [in Washington] and she’s been ill, and I want to give her the comfort of being there. When you have elderly people you want to make sure you’re not putting them at additional risk,” she said. “And look, do I think that there can be airline travel that is safe? Yes. But if you don’t have to…”

Sen. Richard Shelby (R-Ala.), 85, noted that the doctor said “stay off of those planes as much as we can.”

“If any of you is going to Alabama Thursday night, can I get a ride?” Shelby quipped to reporters gathered around him Tuesday. “I’ll ride in the back of the truck.”

Also Tuesday, a coalition of mostly travel interests spearheaded by the U.S. Travel Association made a similar plea, noting that canceling travel and events “has a trickle-down effect that threatens to harm the U.S. economy, from locally owned hotels, restaurants, travel advisors and tour operators to the service and frontline employees who make up the backbone of the travel industry and the American economy.”

The groups’ plea comes amid fresh warnings and widespread fear around the disease, along with new figures suggesting a worsening financial situation for the airline industry.

Yesterday, the credit rating agency Moody’s downgraded the industry’s outlook from stable to negative, warning that there is an “increasing risk to demand for passenger air travel as the coronavirus expands globally.”

And today, the Global Business Travel Association reported that business travel is “slowing at an alarming rate,” finding that 13 percent of its members have canceled even domestic travel, along with high rates of canceled international business travel.

“Those are the customers that are the most profitable for airlines,” said airline analyst Henry Harteveldt.

Though airlines have yet to publicly ask for assistance from the government, the potential for some kind of stimulus has been a topic of discussion on and off Capitol Hill for days, and President Donald Trump has indicated that he favors some assistance for airlines and the cruise industry.

On Tuesday, Trump, along with Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow, met with Senate Republicans at their weekly lunch to discuss potential stimulus ideas on a range of topics.

Several Republican senators said that support for the airline and cruise industries was discussed generally, but that few specifics were given.

Sen. Roger Wicker (R-Miss.) chairman of the Senate Commerce Committee, said that he had not been approached by either industry asking for aid.

Despite the fresh bad news, there is still a high level of uncertainty in the outlook for airlines and the travel industry broadly. “At this point, you cant really do forecasting because we’ve never really been in a situation quite like this before,” said Harteveldt.

And it remains true that overall, the industry is in much better shape than it was after 9/11 and in 2008, when airlines were hit hard by the recession, said Bob Mann, another airline industry analyst.

“The industry structure and company’s balance sheets individually are in far better shape,” he said. “Even the worst balance sheets are better than the average balance sheets in 2008 and 2001.”

Airlines have been taking steps to reduce their capacity, which Mann called “prudent.”

American Airlines is the latest to make that call, announcing this morning it would cut summer international flights by 10 percent and domestic flights by 7.5 percent. Delta Air Lines also said Tuesday that it is cutting international flights by 20 percent to 25 percent and domestic flights by 10 percent to 15 percent.

https://www.politico.com/news/2020/03/10/airlines-travel-slump-coronavirus-125016

Story 5: President Trump Awards Presidential Medal of Freedom to General Jack Keane —

Trump awards Gen. Jack Keane with Presidential Medal of Freedom

Jack Keane

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Jack Keane
Jack Keane.jpg

General Jack Keane in 1999
Born February 1, 1943 (age 77)
New York CityNew York, U.S.
Allegiance  United States
Service/branch  United States Army
Years of service 1966–2003
Rank General
Commands held XVIII Airborne Corps
101st Airborne Division
1st Brigade, 10th Mountain Division
Battles/wars Vietnam War
Awards Presidential Medal of Freedom
Defense Distinguished Service Medal (2)
Army Distinguished Service Medal (2)
Silver Star
Legion of Merit (5)
Bronze Star

John M. “Jack” Keane (born February 1, 1943) is a retired American four-star general, former Vice Chief of Staff of the United States Army and Presidential Medal of Freedom recipient. He is a noted national security analyst, primarily on Fox News, and serves as chairman of the Institute for the Study of War and as chairman of AM General.

Personal life

Keane was born in 1943 in Manhattan, New York,[1][2] the son of Elizabeth (Davis) and John Keane. He has a brother, Ronald. Keane married Theresa Doyle in 1965 and has two sons.[3] His wife died in 2016 after having Parkinson’s disease for 14 years.[4]

Education

Keane attended Fordham University, where he participated in The National Society of Pershing Rifles, graduating with a bachelor’s degree in accounting in 1966. He then attended Western Kentucky University, graduating with a master’s degree in philosophy. He later attended the Command and General Staff College and the Army War College.[3]

Career

Military service

Keane (left) meeting with an army colonel

Keane served in the Vietnam War as a paratrooper.[5] He later served in U.S. engagements in SomaliaHaitiBosnia and Kosovo. His commands include the 1st Brigade, 10th Mountain Division101st Airborne Division and the XVIII Airborne Corps.[3]

In 1991 Keane saved the life of David Petraeus during a live-fire exercise. According to Keane, Petraeus was shot “accidentally, standing right next to me, and I had to fight to save his life. He had a hole about the size of a quarter in his back and is gushing with blood, and we stopped the bleeding and got him on a helicopter and got him to a surgeon and so we were sort of bonded ever since that time.”[6]

Keane retired from military service in 2003.

Post military service

Following his retirement, he has served as an informal advisor to presidents and other senior officials. He served an advisory role in the management of the U.S. occupation of Iraq, as a member of the Defense Policy Board Advisory Committee. In January 2007, Keane and scholar Frederick W. Kagan released a policy paper titled “Choosing Victory: A Plan for Success in Iraq,”[7] through the American Enterprise Institute that called for bringing security by putting 30,000 additional American troops there for a period of at least 18 months. In part convinced by this paper, President George W. Bush ordered on January 10, 2007, the deployment of 21,500 additional troops to Iraq, most of whom would be deployed to Baghdad. This deployment has been nicknamed the 2007 “surge“.[8][9]

Of his initial meeting with President Bush regarding the surge, Keane said he made a phone call to Newt Gingrich to ask his advice prior to the meeting. As Keane said in 2014,

Gingrich gave me some good advice. He said, “Look, Jack. Most people go in the Oval Office, even people who go in there a lot, have a tendency in front of the President of the United States to always leave something on the table.” He said, “Don’t leave anything on the table.” He said, “You’re going to get about 15 minutes at best and put it all out there. And when you walk out of that room, feel good that you got it all out there.” So that was sound advice, and I did put it all out there.[10]

Keane was asked by then-Vice President Cheney to go back on active duty and lead the surge in the field. When Keane declined, Cheney pressed him to come work in the White House and oversee both the wars in Afghanistan and Iraq; Keane again declined. Keane ended up briefly working at the White House and then later traveled to Iraq several times to advise General Petraeus.[11]

Current activities

Keane is a regular contributor to Fox News, and is involved in a variety of business, think tank and charitable activities. He serves as chairman of AM General, the firm that produces the Humvee.[12][13]. In June 2016, Keane co-founded IP3 International (IP3), a nuclear energy consulting firm.

Keane is an advisor to the Spirit of America, a 501(c)(3) organization that supports the safety and success of Americans serving abroad and the local people and partners they seek to help.[14] He formerly served as a strategic advisor for Academi and is a former director of defense giant General Dynamics.

Shortly after Stanley A. McChrystal declined the Secretary of Defense job, Vice-President Elect Pence heard the emotional reasons for the newly widowed general’s decline of the same job. After the departure of General Mattis, the President offered the job again to the subject, but he declined because he was newly remarried.[15] He is considered an influential voice to leaders from both major political parties, including President Trump, particularly on foreign policy issues related to the Middle East.[16]

IP3

Keane is a cofounder and director of IP3 International.[17] According to a staff report to the chairman of the House Oversight Committee, during the 2016 U.S. presidential campaign of Donald Trump, and subsequently, Trump aides such as Jared Kushner and others have been engaged in promoting IP3’s plan to transfer nuclear technology from the U.S. to Saudi Arabia. According to the report, IP3 founders and others have been seeking to broker a deal with Riyadh without the “gold standard,” a provision — tied to section 123 of the 1954 Atomic Energy Act which establishes conditions for nuclear cooperation between the U.S. and its allies — that seeks to limit weaponizing of nuclear energy.[18][19] In July 2019, the committee chairman released a second staff report that detailed various activities and contacts between IP3 and the Trump administration.[18] [20]

Awards and decorations

Military awards Keane has received include two Defense Distinguished Service Medals, two Army Distinguished Service Medals, the Silver Star, five Legion of Merits, the Bronze Star Medal, three Meritorious Service Medals, one Army Commendation Medal, the Joint Chiefs Service Badge, the Humanitarian Service Medal,[3] Ranger TabCombat Infantryman BadgeMaster Parachutist Badge, and Air Assault Badge. President Donald Trump has announced that Keane is set to receive the Presidential Medal of Freedom on the second week of March 2020.[21]

His civilian awards include the Fordham University Distinguished Alumni Award, the USO 2002 Man of the Year award, and the Association of the United States Army 2001 Man of the Year award.

Combat Infantry Badge.svg
Bronze oak leaf cluster

Bronze oak leaf cluster

Bronze oak leaf cluster
Bronze oak leaf cluster
Bronze oak leaf cluster
Bronze oak leaf cluster

Bronze oak leaf cluster
Bronze oak leaf cluster

Bronze star
Bronze star

Bronze star
Bronze star

Ranger Tab.svg US Army Airborne master parachutist badge.gif AirAssault.svg
Joint Chiefs of Staff seal.svg United States Army Staff Identification Badge.png 502 Parachute Infantry Regiment DUI.PNG

References

  1. ^ Matthew Kaminski, Wall Street Journal“Why the Surge Worked”, September 20, 2008
  2. ^ http://www.defense.gov/Releases/Release.aspx?ReleaseID=731
  3. Jump up to:a b c d “General Jack Keane (bio)”Principles of War Seminar SeriesJohns Hopkins University Applied Physics Laboratory. Archived from the original on March 4, 2007. Retrieved January 22, 2007.
  4. ^ “Army Gen. Jack Keane declines Trump’s secretary of defense offer”.
  5. ^ Fred KaplanThe Insurgents: David Petraeus and the Plot to Change the American Way of WarSimon & Schuster, 2013, p. 225.
  6. ^ Keane, Jack. “Jack Keane”Conversations with Bill Kristol. Retrieved October 1, 2014.
  7. ^ Kagan, Frederick W. (January 5, 2007). “Choosing Victory: A Plan for Success in Iraq: Phase I Report”American Enterprise Institute for Public Policy Research. Archived from the original on January 17, 2007. Retrieved 2017-04-17.
  8. ^ Kerley, David (January 9, 2007). “The Architect of Bush’s New Iraq Strategy”ABC NewsArchived from the original on August 25, 2007. Retrieved January 16, 2007.
  9. ^ Hastings, Hirsh, and Wolffe (January 8, 2007). Surge’ Strategy”Newsweek National NewsMSNBC. p. 2. Archived from the original on January 14, 2007. Retrieved January 16,2007.
  10. ^ http://conversationswithbillkristol.org/video/jack-keane/
  11. ^ “GEN. JACK KEANE TRANSCRIPT”Conversations with Bill Kristol. The Foundation for Constitutional Government. 29 July 2014. Retrieved 6 June 2018.
  12. ^ “From the Pentagon to the private sector: In large numbers, and with few rules, retiring generals are taking lucrative defense-firm jobs”Boston.com, December 26, 2010
  13. ^ [1]AM General, October 26, 2016
  14. ^ https://spiritofamerica.org/staff/general-retired-jack-keane
  15. ^ Bergen, Peter. (2019). Trump and his generals: the cost of chaos. New York:Penguin Press. ISBN 978055522416. p. 49, p. 251
  16. ^ Johnson, Eliana (July 2, 2019). “The Fox News general who ‘spooked’ Trump out of attacking Iran: President Donald Trump may have tired of the men he once called ‘my generals,’ but one retired military leader still has his ear on key foreign policy matters”. Politico.
  17. ^ “Our Team”IP3 Int’l. Archived from the original on 2019-02-19. Retrieved 22 February 2019.
  18. Jump up to:a b “Corporate and Foreign Interests Behind White House Push to Transfer U.S. Nuclear Technology to Saudi Arabia Prepared for Chairman Elijah E. Cummings Second Interim Staff Report Committee on Oversight and Reform U.S. House of Representatives July 2019” (PDF)oversight.house.gov. Retrieved 29 July 2019.
  19. ^ Arms Control Association fact sheet, retrieved August 27, 2019
  20. ^ “Appendix A – Documents” (PDF)oversight.house.gov. Retrieved 29 July 2019.
  21. ^ “Donald J. Trump”http://www.facebook.com. Retrieved 2020-03-05.

External links

Military offices
Preceded by
Eric Shinseki
Vice Chief of Staff of the United States Army
1999–2003
Succeeded by
George Casey

https://en.wikipedia.org/wiki/Jack_Keane

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The Pronk Pops Show 1409, March 9, 2020, Pronk Pops Show 1368 December 4, 2019  Story 1: President Trump and Cornavirus Task Force Addresses The American People — Senior Citizens Over Age 60 With Serious Underlining Existing Medical Conditions Including High Blood Pressure, Heart Disease, Cancer, Diabetes Are At Higher Risk For COVID -19 — Overall Risk Is Still Low For All Others — Videos — Story 2: Progressive Pandemic Propaganda Panic Pushers — High Blood Pressure Is A Risk Factor Along With Heart Disease, Cancer, Diabetes — Videos — Story 3: People of Italy Go Into Quarantine — Videos — Story 4: Stock Market Crashes With Biggest One Day Loss Ever — Nearing 20% Drop Ending Bull Market — Economy Keeps  Growing Despite Progressive Pandemic Propaganda People Panic — Betrayed By Big Government Parties and Big Lie Media Mob — American People Outraged — Videos — Story 5: Hillary Clinton Wants to Be Vice-President To Replace Biden When He Goes Full Dementia — One Problem — President Trump Wins Second Term With Landslide Victory — Videos

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Story 1: President Trump and Coronavirus Task Force Addresses The American People — Senior Citizens Over Age 60 With Serious Underlining Existing Medical Conditions Including High Blood Pressure, Heart Disease, Cancer, Decreased White Cells, Diabetes Are At Higher Risk For COVID -19– Overall Risk Is Still Low For All Others — Videos

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WATCH LIVE: President Trump and coronavirus task force hold briefing as outbreak widens – 3/9/2020

 

Coronavirus Disease 2019 (COVID-19)

People at Risk for Serious Illness from COVID-19

If you are at higher risk of getting very sick from COVID-19, you should:

  • Stock up on supplies.
  • Take everyday precautions to keep space between yourself and others.
  • When you go out in public, keep away from others who are sick, limit close contact and wash your hands often.
  • Avoid crowds as much as possible.
  • Avoid cruise travel and non-essential air travel.
  • During a COVID-19 outbreak in your community, stay home as much as possible to further reduce your risk of being exposed.

Early information out of China, where COVID-19 first started, shows that some people are at higher risk of getting very sick from this illness. This includes:

  • Older adults
  • People who have serious chronic medical conditions like:
    • Heart disease
    • Diabetes
    • Lung disease

If a COVID-19 outbreak happens in your community, it could last for a long time. (An outbreak is when a large number of people suddenly get sick.) Depending on how severe the outbreak is, public health officials may recommend community actions to reduce people’s risk of being exposed to COVID-19. These actions can slow the spread and reduce the impact of disease.

If you are at higher risk for serious illness from COVID-19 because of your age or because you have a serious long-term health problem, it is extra important for you to take actions to reduce your risk of getting sick with the disease.

Get Ready for COVID-19 Now
  • Have supplies on hand
    • Contact your healthcare provider to ask about obtaining extra necessary medications to have on hand in case there is an outbreak of COVID-19 in your community and you need to stay home for a prolonged period of time.
    • If you cannot get extra medications, consider using mail-order for medications.
    • Be sure you have over-the-counter medicines and medical supplies (tissues, etc.) to treat fever and other symptoms. Most people will be able to recover from COVID-19 at home.
    • Have enough household items and groceries on hand so that you will be prepared to stay at home for a period of time.
  • Take everyday precautions
    • Avoid close contact with people who are sick
    • Take everyday preventive actions
      • Clean your hands often
      • Wash your hands often with soap and water for at least 20 seconds, especially after blowing your nose, coughing, or sneezing, or having been in a public place.
      • If soap and water are not available, use a hand sanitizer that contains at least 60% alcohol.
      • To the extent possible, avoid touching high-touch surfaces in public places – elevator buttons, door handles, handrails, handshaking with people, etc. Use a tissue or your sleeve to cover your hand or finger if you must touch something.
      • Wash your hands after touching surfaces in public places.
      • Avoid touching your face, nose, eyes, etc.
      • Clean and disinfect your home to remove germs: practice routine cleaning of frequently touched surfaces (for example: tables, doorknobs, light switches, handles, desks, toilets, faucets, sinks & cell phones)
      • Avoid crowds, especially in poorly ventilated spaces. Your risk of exposure to respiratory viruses like COVID-19 may increase in crowded, closed-in settings with little air circulation if there are people in the crowd who are sick.
      • Avoid all non-essential travel including plane trips, and especially avoid embarking on cruise ships.
  • If COVID-19 is spreading in your community, take extra measures to put distance between yourself and other people to further reduce your risk of being exposed to this new virus.
    • Stay home as much as possible.
      • Consider ways of getting food brought to your house through family, social, or commercial networks
  • Have a plan for if you get sick:
    • Consult with your health care provider for more information about monitoring your health for symptoms suggestive of COVID-19.
    • Stay in touch with others by phone or email. You may need to ask for help from friends, family, neighbors, community health workers, etc. if you become sick.
    • Determine who can provide you with care if your caregiver gets sick

Watch for symptoms and emergency warning signs

  • Pay attention for potential COVID-19 symptoms including, fever, cough, and shortness of breath. If you feel like you are developing symptoms, call your doctor.
  • If you develop emergency warning signs for COVID-19 get medical attention immediately. In adults, emergency warning signs*:
    • Difficulty breathing or shortness of breath
    • Persistent pain or pressure in the chest
    • New confusion or inability to arouse
    • Bluish lips or face

*This list is not all inclusive. Please consult your medical provider for any other symptoms that are severe or concerning.

What to Do if You Get Sick
  • Stay home and call your doctor
  • Call your healthcare provider and let them know about your symptoms. Tell them that you have or may have COVID-19. This will help them take care of you and keep other people from getting infected or exposed.
  • If you are not sick enough to be hospitalized, you can recover at home. Follow CDC instructions for how to take care of yourself at home.
  • Know when to get emergency help
  • Get medical attention immediately if you have any of the emergency warning signs listed above.

What Others can do to Support Older Adults
Community Support for Older Adults
  • Community preparedness planning for COVID-19 should include older adults and people with disabilities, and the organizations that support them in their communities, to ensure their needs are taken into consideration.
    • Many of these individuals live in the community, and many depend on services and supports provided in their homes or in the community to maintain their health and independence.
  • Long-term care facilities should be vigilant to prevent the introduction and spread of COVID-19. Information for long-term care facilities can be found here.
Family and Caregiver Support
  • Know what medications your loved one is taking and see if you can help them have extra on hand.
  • Monitor food and other medical supplies (oxygen, incontinence, dialysis, wound care) needed and create a back-up plan.
  • Stock up on non-perishable food items to have on hand in your home to minimize trips to stores.
  • If you care for a loved one living in a care facility, monitor the situation, ask about the health of the other residents frequently and know the protocol if there is an outbreak.
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Prevention and Treatment
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Get Your Household Ready

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Coronavirus: Doctor says high blood pressure a major death risk

Of a group of 170 patients who died in January in Wuhan about 50% had hypertension

 

blood pressure (BP)


While there’s been no published research yet explaining why, Chinese doctors working in Wuhan, the central Chinese city where the virus first emerged, have noticed that infected patients with that underlying illness are more likely to slip into severe distress and die.

Of a group of 170 patients who died in January in Wuhan – the first wave of casualties caused by a pathogen that’s now raced around the world – nearly half had hypertension.

“That’s a very high ratio,” said Du Bin, director of the intensive care unit at Peking Union Medical College Hospital, in an interview with Bloomberg over the phone from Wuhan. He was among a team of top doctors sent to the devastated city two months ago to help treat patients there.

ALSO READ

“From what I was told by other doctors and the data I can see myself, among all the underlying diseases, hypertension is a key dangerous factor,” said Du, one of the most respected critical care experts in China. “Though there is no research published on that yet, we believe hypertension could be an important factor in causing patients to deteriorate, leading to a bad prognosis.”

As the outbreak picks up speed in Europe and the US, plunging countries like Italy into crisis, doctors are struggling to treat the highly-infectious pathogen that’s infected over 108,000 people globally in just three months.

Understanding the course of the disease and identifying individuals at greatest risk are critical for optimizing care for a global contagion that’s killed more than 3,700 people since emerging in China in December.

ALSO READ

Answers may lie in studying the large pool of patients in China, where more than 15,000 remain hospitalized although new infections have slowed dramatically. The disease turns critical in 6% of patients and deterioration can happen very quickly.

“We’ll keep an eye on old people and those with high blood pressure. They are the key focus,” said Du.

Besides the hypertension factor, Du’s other insights into treating the disease are:

Move aggressively to ventilate

Du said that doctors should not hesitate to escalate measures for patients facing respiratory distress, as organ failure can set in quickly after. That means doctors should intervene aggressively with invasive ventilation measures – inserting a tube into a patient’s throat or cutting the throat open to create an airway – when low blood oxygen levels can’t be improved by less invasive measures.

Almost half of the patients who require invasive mechanical ventilation end up dying, but most of those who recover are those who were put on invasive ventilation early, said Du.

“Patients need to use invasive ventilation as early as possible, there’s no point of doing it late,” he said.

Respiratory therapists – doctors that specialise in ventilation and oxygen treatment – are becoming all the more important in treating patients critically ill with Covid-19 as they are more knowledgeable and can fine-tune ventilators to suit patient conditions.

No ‘Magic Bullets’ in drugs

There is growing anticipation over drugs being developed to treat the virus, with investors adding billions to the market value of pharmaceutical companies testing treatments now. But Du said drugs alone cannot save patients, especially those in severe condition.

The experience of SARS, the epidemic 17 years ago that sickened almost 8,000 people, showed that most patients can be cured without a specific anti-viral drug, said Du. And the abundance of antibiotics has not prevented deaths by bacterial infections, he added.

“When there’s a virus infection, we hope there’s a drug that can kill the virus and change the clinical outcome. But there’s no magic bullet.”

Instead, teamwork among specialists and nurses in intensive care units can be more crucial in keeping patients alive, he said. “An ICU doctor should work like a conductor in an orchestra to provide life-sustaining treatment while taking into consideration different specialist views,” he said.

Threat of re-infection

Reports that people who have recovered and been discharged from hospital later test positive again – and even die from the disease – have ignited fears that the virus can somehow re-emerge.

Du said that patients becoming re-infected again within days of leaving the hospital makes no sense “theoretically” as the anti-bodies in their bloodstream generated from fighting the disease do not disappear so quickly, although they don’t necessarily stay forever.

“What we need to look at in terms of those who tested positive again is concerns over the authenticity of their negative results,” he said. For example, samples taken from different areas of the same patient could test differently depending on where the virus resides.

Test kits made by different manufacturers could also have inconsistencies that impact test results, he said.

https://gulfnews.com/world/asia/coronavirus-doctor-says-high-blood-pressure-a-major-death-risk-1.1583772143148

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The Pronk Pops Show 1408, March 6, 2020, Story 1: U-3 Unemployment Rate at 3.5% and Labor Participating Rate of 63.4% and 273,000 New Job Created and 95 Million Not In Labor Force in February 2020 — Economy Growing at 2.1% in Fourth Quarter 2019 — Videos — Story 2: President Trump Signs $8.3 Billion Coronavirus Funding Bill and Visit Center for Disease Control (CDC) — Story 3: Vice-President Pence Update of COVID-19 Task Force — The Risk To American People of Getting COVID-19 Is Low — By End of Next Week Over 4 Million COVID-19 Test Kits Will Be Available — Videos

Posted on March 7, 2020. Filed under: 2020 Republican Candidates, Addiction, American History, Blogroll, Breaking News, Bribery, Bribes, Budgetary Policy, Cartoons, Center for Disease Control, China, Congress, Corruption, Countries, Crime, Culture, CZOVID-19 or Novel Coronavirus, Defense Spending, Diseases, Donald J. Trump, Donald J. Trump, Education, Empires, Employment, Energy, Environment, Federal Government, First Amendment, Fiscal Policy, Flu, Foreign Policy, Fourth Amendment, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Health, Health Care, Health Care Insurance, History, House of Representatives, Human, Human Behavior, Illegal Immigration, Immigration, Independence, Italy, Labor Economics, Law, Legal Immigration, Life, Lying, Media, Medicare, Medicine, Military Spending, Monetary Policy, National Security Agency, Networking, News, Public Corruption, Public Relations, Second Amendment, Senate, Social Networking, Social Security, South Korea, Tax Policy, Trade Policy, Unemployment, United States Constitution, United States of America, Videos, Violence, War, Wealth, Weather, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Story 1: U-3 Unemployment Rate at 3.5%, U-6 Unemployment Rate at 7.0% and Labor Participating Rate of 63.4% and 273,000 New Job Created and 95 Million Not In Labor Force in February 2020 — Economy Growing at 2.1% in Fourth Quarter 2019 — Videos —

CNBC’s full interview with White House advisor Larry Kudlow on February jobs and coronavirus concern

February jobs report: US employment growth soars

February Jobs Report Beats Expectations, Adds 273,000 New Jobs | MSNBC

Here’s how the coronavirus is already affecting China’s economy

Job growth smashes expectations for February as unemployment falls back to 3.5%

KEY POINTS
  • Nonfarm payrolls rose by 273,000 in February vs. a 175,000 estimate, while the unemployment rate edged lower to 3.5%.
  • Job gains were widespread, with health care adding 57,000 to lead the way.
  • December and January’s estimates were revised upward by a total of 243,000.

Nonfarm payrolls grew far more than expected in February as companies continued to hire leading into a growing coronavirus scare.

The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate was 3.5%, matching its lowest level in more than 50 years. An alternative measure of joblessness that counts those not looking for work and holding part-time jobs for economic reasons edged higher to 7%.

The January and February gains tied for best month since May 2018.
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Economists surveyed by Dow Jones had been looking for payroll growth of 175,000 and a 3.5% jobless level. Average hourly earnings grew by 3% over the past year, in line with estimates, while the average work week, considered a key measure of productivity, nudged up to 34.4 hours.

There was more good news for the jobs market: The previous two months’ estimates were revised higher by a total of 85,000. December moved up from 147,000 to 184,000, while January went from 225,000 to 273,000. Those revisions brought the three-month average up to a robust 243,000 while the average monthly gain in 2019 was 178,000.

Employment report: payrollsMonthly change, seasonally adjusted, in thousandsJan ’18May ’18Sep ’18Jan ’19May ’19Sep ’19Jan ’200100200300400500Source:BLSDecember 2019184

Despite the strong numbers, Wall Street was heading for more losses stemming from worries over the effects of the coronoavirus outbreak, though Friday’s futures were off their bottom after the report.

“This could be the last perfect employment report the market gets for some time,” said Chris Rupkey, chief financial economist at MUFG Union Bank.

Gains were spread across a multitude of sectors as the total employment level hit 158.8 million, near its December 2019 record.

Health care and social assistance led the way in job creation with 57,000 new positions. Food services and drinking places both added 53,000 while government employment grew by 45,000 due to Census hiring and state government education. Construction added 42,000 thanks to continued mild weather, while professional and technical services contributed 32,000 and finance rose by 26,000, part of a 160,000 gain over the past 12 months.

In the survey of households, employment rose by 126,000 while the ranks of the unemployed decreased by 105,000.

“While it’s too early to see the impact of the coronavirus on the labor market, we can say the labor market was in a good place before the virus began to spread,” said Nick Bunker, economic research director at job placement firm Indeed. “But the next few months will be a test of just how resilient this labor market is.”

Jobs market still looks strong

The jobs numbers took on particular importance in February as worries intensified over the economic impact from the novel coronavirus, though the report covered the time frame before worries over the disease intensified.

Most of the indicators thus far have shown little damage. Jobless claims remain well within their recent trend, coming in at 216,000 in the latest reading Thursday. Job placement firm Challenger, Gray & Christmas also reported Thursday that planned layoffs actually fell 16% from January. And key ISM readings on both manufacturing and services show companies still plan to hire.

“Now more than ever, we need to focus on the labor market data,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “The consumer has kind of kept things afloat.”

Most of the consumer-related data points have been good, though the reports coming in now largely cover the early stages of the coronavirus scare and the sharp recent stock market volatility.

With the large measure of uncertainty around the disease, its impacts may be felt in increments rather than suddenly. But if cracks begin to form, the first notices likely will come in employment data.

“If we start to handle things the way they’re handled in Italy and South Korea, closing schools and having mandated cancellations of travel and sporting events, I think there’s no way we don’t start to see it in the labor market and in consumer confidence and spending,” Sonders said.

https://www.cnbc.com/2020/03/06/us-jobs-report-february-2020.html

Employment Situation Summary

Transmission of material in this news release is embargoed until	       USDL-20-0379
8:30 a.m. (EST) Friday, March 6, 2020

Technical information: 
 Household data:	(202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:	(202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:	        (202) 691-5902  *  PressOffice@bls.gov

	
                    THE EMPLOYMENT SITUATION -- FEBRUARY 2020


Total nonfarm payroll employment rose by 273,000 in February, and the unemployment
rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics
reported today. Notable job gains occurred in health care and social assistance,
food services and drinking places, government, construction, professional and
technical services, and financial activities.

This news release presents statistics from two monthly surveys. The household
survey measures labor force status, including unemployment, by demographic
characteristics. The establishment survey measures nonfarm employment, hours, and
earnings by industry. For more information about the concepts and statistical
methodology used in these two surveys, see the Technical Note.

Household Survey Data

Both the unemployment rate, at 3.5 percent, and the number of unemployed persons,
at 5.8 million, changed little in February. The unemployment rate has been either
3.5 percent or 3.6 percent for the past 6 months. (See table A-1.)

Among the major worker groups, the unemployment rate for Asians declined to 2.5
percent in February. The rates for adult men (3.3 percent), adult women (3.1 percent),
teenagers (11.0 percent), Whites (3.1 percent), Blacks (5.8 percent), and Hispanics
(4.4 percent) showed little or no change over the month. (See tables A-1, A-2, and
A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more), at 1.1
million, changed little in February and accounted for 19.2 percent of the unemployed.
(See table A-12.)

The labor force participation rate remained at 63.4 percent in February. The
employment-population ratio, at 61.1 percent, changed little over the month but was
up by 0.4 percentage point over the year. (See table A-1.)

The number of persons employed part time for economic reasons, at 4.3 million,
changed little in February. These individuals, who would have preferred full-time
employment, were working part time because their hours had been reduced or they
were unable to find full-time jobs. (See table A-8.)

In February, 1.4 million persons were marginally attached to the labor force,
little changed from the previous month. These individuals were not in the labor
force, wanted and were available for work, and had looked for a job sometime in the
prior 12 months but had not looked for work in the 4 weeks prior to the survey. 
Discouraged workers, a subset of the marginally attached who believed that no
jobs were available for them, numbered 405,000 in February, little different
from the previous month. (See Summary table A.)

Establishment Survey Data

Total nonfarm payroll employment rose by 273,000 in February, after an increase of
the same magnitude in January. In 2019, job growth averaged 178,000 per month. In
February, notable job gains occurred in health care and social assistance, food
services and drinking places, government, construction, professional and technical
services, and financial activities. (See table B-1.)

Employment in health care and social assistance increased by 57,000 in February.
Health care added 32,000 jobs, with gains in offices of physicians (+10,000), home
health care services (+10,000), and hospitals (+8,000). Employment in social assistance
increased by 25,000, with a majority of the gain in individual and family services
(+18,000). Over the past 12 months, employment increased by 368,000 in health care and
by 191,000 in social assistance. 

Food services and drinking places added 53,000 jobs in February. Employment in the
industry has increased by 252,000 over the past 7 months, following a lull in job growth
earlier in 2019.

In February, government employment increased by 45,000, led by a gain in state government
education (+16,000). Federal employment increased by 8,000, reflecting the hiring of
7,000 temporary workers for the 2020 Census. 

Construction added 42,000 jobs in February, following a similar gain in January (+49,000).
In 2019, job gains averaged 13,000 per month. In February, employment gains occurred
in specialty trade contractors (+26,000) and residential building (+10,000). 

In February, employment in professional and technical services increased by 32,000. Job
growth occurred in architectural and engineering services (+10,000) and in scientific
research and development services (+5,000). Employment continued to trend up in computer
systems design and related services (+8,000). Over the past 12 months, professional and
technical services has added 285,000 jobs. 

Employment in financial activities increased by 26,000 in February, with gains in real
estate (+8,000) and in credit intermediation and related activities (+6,000). Over the
past 12 months, financial activities has added 160,000 jobs.

Employment in other major industries, including mining, manufacturing, wholesale trade,
retail trade, transportation and warehousing, and information, changed little over the
month.

In February, average hourly earnings for all employees on private nonfarm payrolls
increased by 9 cents to $28.52. Over the past 12 months, average hourly earnings have 
increased by 3.0 percent. Average hourly earnings of private-sector production and
nonsupervisory employees increased by 8 cents to $23.96 in February. (See tables B-3
and B-8.)

The average workweek for all employees on private nonfarm payrolls rose by 0.1 hour to
34.4 hours in February. In manufacturing, the workweek increased by 0.2 hour to 40.7
hours, and overtime edged up by 0.1 hour to 3.2 hours. The average workweek for production
and nonsupervisory employees on private nonfarm payrolls increased by 0.1 hour to 33.7
hours. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for December was revised up by 37,000 from
+147,000 to +184,000, and the change for January was revised up by 48,000 from +225,000
to +273,000. With these revisions, employment gains in December and January combined were
85,000 higher than previously reported. (Monthly revisions result from additional reports
received from businesses and government agencies since the last published estimates and
from the recalculation of seasonal factors.) After revisions, job gains have averaged
243,000 per month over the last 3 months.

_____________
The Employment Situation for March is scheduled to be released on
Friday, April 3, 2020, at 8:30 a.m. (EDT).



 

The PDF version of the news release

News release charts

Supplemental Files Table of Contents

Table of Contents

https://www.bls.gov/news.release/empsit.nr0.htm

Table A-1. Employment status of the civilian population by sex and age

HOUSEHOLD DATA
Table A-1. Employment status of the civilian population by sex and age
[Numbers in thousands]
Employment status, sex, and age Not seasonally adjusted Seasonally adjusted(1)
Feb.
2019
Jan.
2020
Feb.
2020
Feb.
2019
Oct.
2019
Nov.
2019
Dec.
2019
Jan.
2020
Feb.
2020

TOTAL

Civilian noninstitutional population

258,392 259,502 259,628 258,392 259,845 260,020 260,181 259,502 259,628

Civilian labor force

162,793 163,497 164,235 163,047 164,401 164,347 164,556 164,606 164,546

Participation rate

63.0 63.0 63.3 63.1 63.3 63.2 63.2 63.4 63.4

Employed

156,167 156,994 158,017 156,866 158,544 158,536 158,803 158,714 158,759

Employment-population ratio

60.4 60.5 60.9 60.7 61.0 61.0 61.0 61.2 61.1

Unemployed

6,625 6,504 6,218 6,181 5,857 5,811 5,753 5,892 5,787

Unemployment rate

4.1 4.0 3.8 3.8 3.6 3.5 3.5 3.6 3.5

Not in labor force

95,599 96,004 95,393 95,345 95,444 95,673 95,625 94,896 95,082

Persons who currently want a job

5,196 5,107 4,973 5,206 4,756 4,832 4,832 4,904 4,962

Men, 16 years and over

Civilian noninstitutional population

124,965 125,513 125,575 124,965 125,687 125,773 125,852 125,513 125,575

Civilian labor force

86,056 86,331 86,597 86,399 86,901 87,104 87,049 87,088 87,008

Participation rate

68.9 68.8 69.0 69.1 69.1 69.3 69.2 69.4 69.3

Employed

82,311 82,701 83,047 83,066 83,776 84,018 84,034 83,940 83,871

Employment-population ratio

65.9 65.9 66.1 66.5 66.7 66.8 66.8 66.9 66.8

Unemployed

3,745 3,629 3,549 3,333 3,126 3,086 3,015 3,147 3,137

Unemployment rate

4.4 4.2 4.1 3.9 3.6 3.5 3.5 3.6 3.6

Not in labor force

38,909 39,183 38,979 38,566 38,786 38,669 38,803 38,426 38,568

Men, 20 years and over

Civilian noninstitutional population

116,513 117,110 117,181 116,513 117,242 117,331 117,413 117,110 117,181

Civilian labor force

83,435 83,600 83,804 83,588 83,911 84,057 84,008 84,087 84,001

Participation rate

71.6 71.4 71.5 71.7 71.6 71.6 71.5 71.8 71.7

Employed

80,117 80,358 80,592 80,677 81,196 81,377 81,390 81,345 81,202

Employment-population ratio

68.8 68.6 68.8 69.2 69.3 69.4 69.3 69.5 69.3

Unemployed

3,318 3,241 3,212 2,911 2,715 2,679 2,618 2,743 2,799

Unemployment rate

4.0 3.9 3.8 3.5 3.2 3.2 3.1 3.3 3.3

Not in labor force

33,078 33,511 33,377 32,925 33,330 33,274 33,405 33,023 33,180

Women, 16 years and over

Civilian noninstitutional population

133,427 133,988 134,053 133,427 134,158 134,247 134,329 133,988 134,053

Civilian labor force

76,737 77,167 77,638 76,648 77,500 77,243 77,507 77,518 77,538

Participation rate

57.5 57.6 57.9 57.4 57.8 57.5 57.7 57.9 57.8

Employed

73,857 74,292 74,970 73,800 74,769 74,518 74,769 74,774 74,888

Employment-population ratio

55.4 55.4 55.9 55.3 55.7 55.5 55.7 55.8 55.9

Unemployed

2,880 2,874 2,668 2,848 2,731 2,725 2,738 2,744 2,651

Unemployment rate

3.8 3.7 3.4 3.7 3.5 3.5 3.5 3.5 3.4

Not in labor force

56,690 56,822 56,415 56,779 56,658 57,004 56,822 56,470 56,514

Women, 20 years and over

Civilian noninstitutional population

125,177 125,770 125,841 125,177 125,907 125,998 126,082 125,770 125,841

Civilian labor force

73,942 74,320 74,768 73,667 74,542 74,291 74,584 74,512 74,501

Participation rate

59.1 59.1 59.4 58.8 59.2 59.0 59.2 59.2 59.2

Employed

71,396 71,785 72,413 71,169 72,130 71,881 72,200 72,097 72,179

Employment-population ratio

57.0 57.1 57.5 56.9 57.3 57.0 57.3 57.3 57.4

Unemployed

2,546 2,535 2,355 2,497 2,411 2,411 2,383 2,415 2,323

Unemployment rate

3.4 3.4 3.1 3.4 3.2 3.2 3.2 3.2 3.1

Not in labor force

51,235 51,450 51,073 51,511 51,365 51,706 51,498 51,258 51,340

Both sexes, 16 to 19 years

Civilian noninstitutional population

16,702 16,622 16,606 16,702 16,696 16,692 16,686 16,622 16,606

Civilian labor force

5,416 5,578 5,663 5,792 5,948 5,999 5,964 6,007 6,043

Participation rate

32.4 33.6 34.1 34.7 35.6 35.9 35.7 36.1 36.4

Employed

4,655 4,851 5,012 5,019 5,218 5,278 5,213 5,273 5,378

Employment-population ratio

27.9 29.2 30.2 30.1 31.3 31.6 31.2 31.7 32.4

Unemployed

761 727 651 773 730 721 752 734 665

Unemployment rate

14.0 13.0 11.5 13.3 12.3 12.0 12.6 12.2 11.0

Not in labor force

11,286 11,044 10,943 10,909 10,748 10,693 10,722 10,614 10,562

Footnotes
(1) The population figures are not adjusted for seasonal variation; therefore, identical numbers appear in the unadjusted and seasonally adjusted columns.

NOTE: Updated population controls are introduced annually with the release of January data.

 

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, Thursday, February 27, 2020
BEA 20—07

Gross Domestic Product, Fourth Quarter and Year 2019 (Second Estimate)

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month. In the advance estimate, the increase in real GDP was also 2.1 percent. In the second estimate, an upward revision to private inventory investment was offset by a downward revision to nonresidential fixed investment (see “Updates to GDP” on page 2).

Real GDP: Percent change from preceding quarter

The increase in real GDP in the fourth quarter reflected positive contributions from personal consumption expenditures (PCE), federal government spending, exports, residential fixed investment, and state and local government spending that were partly offset by negative contributions from private inventory investment and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, decreased (table 2).

Real GDP growth in the fourth quarter was the same as that in the third. In the fourth quarter, a downturn in imports and an acceleration in government spending were offset by a larger decrease in private inventory investment and a slowdown in PCE.

Current dollar GDP increased 3.5 percent, or $184.2 billion, in the fourth quarter to a level of $21.73 trillion. In the third quarter, GDP increased 3.8 percent, or $202.3 billion (tables 1 and 3).

The price index for gross domestic purchases increased 1.4 percent in the fourth quarter, the same increase as in the third quarter (table 4). The PCE price index increased 1.3 percent, compared with an increase of 1.5 percent. Excluding food and energy prices, the PCE price index increased 1.2 percent, compared with an increase of 2.1 percent.

More information on the source data that underlie the estimates is available in the “Key Source Data and Assumptions” file on BEA’s website.

 

Updates to GDP

In the second estimate, the fourth-quarter growth rate in real GDP was unrevised from the advance estimate. Private inventory investment, exports, federal government spending, and residential fixed investment were revised up. These upward revisions were offset by downward revisions to nonresidential fixed investment, PCE, state and local government spending, and an upward revision to imports. For more information, see the Technical Note and the “Additional Information” section below.

Advance Estimate Second Estimate
(Percent change from preceding quarter)
Real GDP 2.1 2.1
Current-dollar GDP 3.6 3.5
Gross domestic purchases price index 1.5 1.4
PCE price index 1.6 1.3
PCE price index excluding food and energy 1.3 1.2

For the third quarter of 2019, the percent change in real GDI was revised from 2.1 percent to 1.2 percent based on new third-quarter data from the BLS Quarterly Census of Employment and Wages.

 

2019 GDP

Real GDP increased 2.3 percent in 2019 (from the 2018 annual level to the 2019 annual level), compared with an increase of 2.9 percent in 2018 (table 1).

The increase in real GDP in 2019 reflected positive contributions from PCE, nonresidential fixed investment, federal government spending, state and local government spending, and private inventory investment that were partly offset by a negative contribution from residential fixed investment. Imports increased (table 2).

The deceleration in real GDP in 2019, compared to 2018, primarily reflected decelerations in nonresidential fixed investment and PCE, which were partly offset by accelerations in both state and local and federal government spending. Imports increased less in 2019 than in 2018.

Current-dollar GDP increased 4.1 percent, or $846.9 billion, in 2019 to a level of $21.43 trillion, compared with an increase of 5.4 percent, or $1,060.8 billion, in 2018 (tables 1 and 3).

The price index for gross domestic purchases increased 1.5 percent in 2019, compared with an increase of 2.4 percent in 2018 (table 4). The PCE price index increased 1.4 percent, compared with an increase of 2.1 percent. Excluding food and energy prices, the PCE price index increased 1.6 percent, compared with an increase of 1.9 percent (table 4).

Measured from the fourth quarter of 2018 to the fourth quarter of 2019, real GDP increased 2.3 percent during the period. That compared with an increase of 2.5 percent during 2018. The price index for gross domestic purchases, as measured from the fourth quarter of 2018 to the fourth quarter of 2019, increased 1.4 percent during 2019. That compared with an increase of 2.2 percent during 2018. The PCE price index increased 1.4 percent, compared with an increase of 1.9 percent. Excluding food and energy, the PCE price index increased 1.6 percent, compared with an increase of 1.9 percent (table 6).

*          *          *

Next release, March 26, 2020 at 8:30 A.M. EDT
Gross Domestic Product, Fourth Quarter and Year 2019 (Third Estimate)
Corporate Profits, Fourth Quarter and Year 2019

*          *          *

https://www.bea.gov/news/2020/gross-domestic-product-fourth-quarter-and-year-2019-second-estimate

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The Pronk Pops Show 1407, March 5, 2020, Story 1: Return of Near Zero Interest Rates and Quantitative Easing Monetary Policy To Prevent Another Recession — Financial Repression By Big Government and Big Banks — Destructive Debt Debacle  — Videos — Story 2: Stocks Prices Up and Down — COVID-19 100000 Plus Confirmed Cases and 3300 Plus Deaths Rising — Still Way Behind Estimated 18000-46000 Influenza Flu Deaths and 14 Million to 21  Million of Influenza Flu Cases in United States Alone! — Test Early and Often — Videos — Story 3: COVID-19 Test Kit and Fast Lab Processing The Key To Containing The Virus — Videos — Story 4: World Health Organization Appeals To Governments to Pull Out The Stops To Contain COVID-19 — Videos Story 5: Senator Warren Withdraws From Race Blames Sexism — Nonsense — American People Have Their Own Plans That Do Not Include Warren — Will She Endorse Male Progressive Bernie Sanders — Too Little — Too Late — Videos

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Story 1: Return of Near Zero Interest Rates and Quantitative Easing Monetary Policy To Prevent Another Recession — Financial Repression By Big Government and Big Banks — Destructive Debt Debacle  — Inverted Yield Curve — Recession? Videos –

Treasury 10-Year Yield Below 1%: How Low Can It Go?

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Keiser Report |Telling the Truth About Financial Pandemic | E1510

  

Negative Rates Coming – More Repo Largess , MORE QE.

Fed Will Cut Rates Three Times and May Restart QE, Sri-Kumar Says

Federal Reserve’s rate cut was a ‘disaster’: Expert

Bond King’ Gundlach says Fed panicked and short-term rates are ‘headed toward zero’

KEY POINTS
  • “Bond King” Jeffrey Gundlach says he believes the Fed panicked in cutting interest rates earlier this week and that short-term U.S. rates are headed for zero.
  • “I’m in the camp that the Fed is going to cut rates again,” Gundlach said. “When I say panicked, it doesn’t mean it’s not justified. Sometimes panic is justified.”
  • The benchmark 10-year Treasury note yield hit an all-time low under 0.9% just after the longtime bond investor made his comments around 12:40 p.m. ET.

VIDEO00:01
Gundlach: I expect Fed to cut rates again, maybe in two weeks

“Bond King” and DoubleLine Capital CEO Jeffrey Gundlach said Thursday that he believes the Federal Reserve panicked in cutting interest rates earlier this week and that short-term U.S. rates are headed for zero.

“If we look at history, once the Fed does a panic, intermeeting rate cut, particularly when it’s 50 basis points … they typically cut pretty quickly again,” Gundlach said. “I’m in the camp that the Fed is going to cut rates again, perhaps even in two weeks” during its regularly scheduled meeting.

The benchmark 10-year Treasury note yield hit an all-time low under 0.9% just after the longtime bond investor made his comments on CNBC’s “Halftime Report” around 12:40 p.m. ET. The 2-year U.S. rate hit also hit a record low of 0.554% earlier in the session.

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“We will see short rates headed toward zero,” Gundlach added. And “when I say panicked, it doesn’t mean it’s not justified. Sometimes panic is justified.”

“Business activity is likely to contract,” he said. “I received multiple emails today of clients that were planning on visits to DoubleLine saying they’re canceling them.”

Although President Donald Trump has spoken fondly of negative interest rates, Gundlach said he doesn’t think the Fed is likely to follow the route taken by Japan and some countries in Europe.

On Tuesday, the Federal Reserve lowered its benchmark interest rate unexpectedly by 50 basis points, saying that the spread of the coronavirus “poses evolving risks to economic activity.” The move marked the first time since the financial crisis that the U.S. central bank was forced to impose an emergency rate cut.

The action failed to ease stock market concern about the potential economic impact of the coronavirus outbreak, however, but sparked a sharp drop in short-term U.S. rates. Markets remain fearful that the disease will prevent major exporters, like China, from sending components to American manufacturers and have a rippling effect on global growth.

Risk assets continued their slide Thursday as the Dow Jones Industrial Average was down more than 900 points, or 3.4%, in midafternoon trading. The Dow fell more than 1,000 points earlier in the day. The S&P 500 dropped 3.3%, led lower by rate-sensitive regional and consumer-facing banks that generate profits through loans.

WATCH: How negative interest rates work

Federal Reserve Retools Capital Rules for Largest U.S. Banks

New Fed rule creates capital buffer tied to annual stress tests

The overhaul reflects the latest moves by the Federal Reserve to recalibrate oversight of big U.S. lenders.

PHOTO: LIU JIE/XINHUA/ZUMA PRESS

 

WASHINGTON—The Federal Reserve retooled capital rules for the largest U.S. banks, completing one of the biggest changes to the postcrisis rulebook for Wall Street during the Trump administration.

Fed officials on Wednesday said the changes would simplify rules for big banks such as JPMorgan Chase & Co. and Wells Fargo & Co. without posing risks to the stability of the financial system.

The overhaul “simplifies the post-crisis capital framework for banks, while maintaining the strong capital requirements that are the hallmark of the framework,” Fed Vice Chairman for Supervision Randal Quarles said in a statement.

The overhaul reflects the latest moves by the Fed to recalibrate oversight of big U.S. lenders. Already, officials have completed separate changes aimed at easing liquidity and capital rules for regional U.S. banks and retooled speculative trading limits for large firms.

Fed governor Lael Brainard, an Obama-era appointee, cast the sole dissenting vote against the plan, saying she believed it would reduce banks’ required capital levels and the amount they set aside as a buffer above their regulatory requirements.

In a statement, she said the plan “gives a green light for large banks to reduce their capital buffers materially, at a time when payouts have already exceeded earnings for several years on average.”

Ms. Brainard said she expects a reduction in capital largely because the overhaul requires banks to set aside funds for dividend payments for four quarters, down from the current nine.

But Mr. Quarles said the changes would maintain the overall level of capital in the system and modestly increase required capital levels for the largest firms. His estimates were based on stress-test data from 2013 to 2019, he said.

Parts of the overhaul are likely to be welcomed by big banks, including changes that streamline aspects of stress tests, which require 34 large banks to show how they would weather simulated market and economic shocks.

Wednesday’s plan reduces the total number of big-bank capital requirements to eight from 13, the Fed said. For large Wall Street firms, those changes could be offset by a new “stress capital buffer.”

Banks’ annual stress-test results would be used to calculate the size of the new buffer, which the firms would have to meet during the ensuing year. If a firm’s capital fell below this level, it would face limits on its capital distributions and bonus payments.

Under the Trump administration, regulators have sought to soften the impact of the 2010 Dodd-Frank law, which was intended to prevent another financial crisis, saying its requirements were too stringent and inflexible.

A law signed by President Trump in 2018 rolled back restrictions for banks with less than $250 billion in assets and served as the impetus for further regulatory changes.

Some of Wednesday’s changes incorporate adjustments sought by banks. The Fed’s stress tests would assume lenders restrain growth in their balance sheets during stressful periods, which doesn’t happen under current rules. That would likely have the effect of boosting banks’ capital levels in the stress tests.

The Fed held off on making some changes to the stress tests envisioned by Mr. Quarles, such as incorporating a dormant policy tool to combat credit crunches in a downturn known as the countercyclical capital buffer. The Fed would have to separately propose such changes.

Write to Andrew Ackerman at andrew.ackerman@wsj.com

Story 2: Stocks Prices Up and Down — COVID-19 100,000 Plus Confirmed Cases and 3,300 Plus Deaths Rising — Still Way Behind Estimated 18,000-46,000 Influenza Flu Deaths and 14 Million to 21  Million of Influenza Flu Cases in United States Alone! — Test Early and Often — Videos

Dow tanks more than 950 points as Wall Street’s roller-coaster week continues

Stocks plunged on Thursday, erasing most of the steep gains in the previous session, as markets remained highly volatile in the face of the fast-spreading coronavirus.

The Dow Jones Industrial Average ended the day 969.58 points, or 3.5%, lower at 26,121.28 after tanking nearly 1,150 at its session low. The S&P 500 dropped 3.3%, or 106.18, to 3,023.94 and the Nasdaq Composite fell 3.1%, or 279.49, to 8,738.60. All 11 S&P sectors finished the day in the red. Stocks turned sharply lower as the 10-year Treasury yield fell to an all-time low below 0.9%.

Fears about the coronavirus disrupting the global economy continued to grip Wall Street as countries around the world extended quarantines and travel restrictions. California declared a state of emergency after a coronavirus-related death and 53 confirmed cases in the state. The number of infections in New York also doubled overnight to 22 as the state ramps up its testing.

VIDEO04:40
Stocks dropped sharply again because of the fast-spreading coronavirus

“The majority of this is just growing concern about the fallout from the virus because it’s spreading,” said Tom Essaye, founder of the Sevens Report. “For every hour, another group of people have it and it’s in another state. People are getting a bit nervous about this constant barrage of headlines.”

That angst fueled investor demand for safer assets like U.S. Treasurys and gold. The tumbling yields kept pressure on bank stocks, which led the major indexes lower. JPMorgan and Bank of America both dropped about 5%.

Airline stocks also took a huge beating, leading the declines in the Dow Jones Transportation Average, which dipped into bear market territory Thursday. United Airlines cratered 13.4%, while American Airlines tanked 13.2%, suffering its worst day since 2016.

The market moves came amid a roller-coaster week on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher twice in the past three days.

The Dow posted its second-biggest point gain on Wednesday as major wins from former Vice President Joe Biden during Super Tuesday sparked a relief rally, especially in the health-care sector. Investors also cheered signs of a global response to the outbreak, including a more than $8 billion in emergency funding from Congress.

“The optimism coming off Super Tuesday has come and gone and we reverted to being driven by fear over the containment of the virus and the impact it’s going to have on the global economy down the road,” said Mike Loewengart, managing director of investment strategy at E-Trade.

On Tuesday, the Federal Reserve cut its benchmark interest rate unexpectedly by 50 basis points, citing that coronavirus “poses evolving risks to economic activity.” It was the central bank’s first such emergency cut since the 2008 financial crisis.

The move failed to assuage stock market concerns about the potential economic impact of the coronavirus outbreak and triggered sharp movements in the markets.

“Despite the rally in stocks [Wednesday], Treasury yields and gold prices did not respond in-kind,” said Matt Maley, chief market strategist at Miller Tabak. “None of the other markets saw the kinds of moves yesterday that would indicate that we’re out of the woods on the negative impact of the coronavirus. In other words, many other markets are still sending up warning signals.”

Investors will monitor a key jobs report on Friday for signs of any negative impact on the labor market from the coronavirus. The U.S. economy is expected to have added 175,000 jobs in February, down from 225,000 in January.

The weekly jobless claims data on Thursday underscored the labor market strength despite the outbreak. Initial claims for state unemployment benefits slipped 3,000 to 216,000 for the week ended Feb. 29. Economists polled by Reuters had forecast claims would fall to 215,000 in the latest week.

—CNBC’s Thomas Franck and Fred Imbert contributed to this report.

https://www.cnbc.com/2020/03/05/us-markets-dow-futures-indicate-opening-drop.html

Cruise Ship Held Off California Becomes New Focus of Concern

A cruise liner bound for San Francisco from Hawaii is believed to be linked to two coronavirus cases, one of them fatal. More cases were found in a number of states, including Texas and New Jersey.

  • 1201
This briefing has ended. Read the latest news and analysis about the coronavirus outbreak here.
Credit…Max Whittaker for The New York Times

Gov. Gavin Newsom announced on Wednesday that a cruise ship returning to California from Hawaii that had suspected links to two coronavirus cases, one of them fatal, was being held off the coast of San Francisco, as public health officials prepared to screen everyone on the ship.

Eleven passengers and 10 crew members on the boat were showing symptoms on Wednesday, the governor said. “That number may significantly understate” the scope of infection, he said, or “it may indeed be abundance of caution.”

“The ship will not come on shore until we appropriately assess the passengers,” Mr. Newsom added.

The governor also announced that the state was declaring a state of emergency to help mobilize its response to the coronavirus outbreak. The number of cases in the state shot up to 54 on Wednesday, the most in the nation.

Governor Newsom said that about 2,500 people, more than half of them Californians, had been aboard the ship, identified by its owners as the Grand Princess, during a recent voyage from San Francisco to Mexico. One of those passengers died Wednesday in Placer County, Calif., the first U.S. coronavirus death outside Washington State and the 11th overall. Another passenger was being treated for the illness in Sonoma County. State and federal officials were racing to contact others who had been on board.

Mr. Newsom said the ship had gone on to Hawaii after its stop in Mexico, and then had sailed back toward California with some of the passengers from the original San Francisco-to-Mexico leg of the voyage still on board.

The person who died in Placer County had underlying health conditions and had been in isolation at a hospital after falling ill. Officials believe the patient was probably exposed to the virus on the San Francisco-to-Mexico leg of the voyage last month.

The New York Times would like to hear from health care providers who are struggling to get patients tested for coronavirus or are having difficulty getting sufficient medical supplies. Please email us at coronavirus@nytimes.com. A reporter may contact you to follow up. Thank you.

Health officials in Los Angeles County announced six new cases on Wednesday, and Santa Clara County announced three more cases. The virus has been detected across the United States, but so far has been concentrated on the West Coast.

A person who conducted medical screenings at Los Angeles International Airport tested positive for the virus, the Department of Homeland Security said on Wednesday. The person last worked at the airport on Feb. 21, eight days before showing symptoms of infection, the agency said.

Each of the six new cases reported by Los Angeles County was linked to a known exposure, a history of international travel or contact with someone who had traveled or been diagnosed with the virus, officials said.

Coronavirus Map: Tracking the Spread of the Outbreak

The virus has infected more than 97,800 people in at least 81 countries.

Facebook on Wednesday said that a worker in the company’s Seattle offices tested positive for Covid-19, the disease caused by the new coronavirus, making it the second major tech company in the city to be affected by the outbreak.

The tech industry is vital to the economy of Washington State, where a cluster of infections has taken root and 10 people have died, leading companies there to take extra measures to halt the spread of the virus.

“A contractor based in our Stadium East office has been diagnosed with Covid-19,” said Andy Stone, a company spokesman. “We’ve notified our employees and are following the advice of public health officials to prioritize everyone’s health and safety.”

The Seattle area is Facebook’s largest engineering outpost outside of its Bay Area headquarters. It had 5,000 employees in the region as of last September, when it announced plans to expand even more.

2019-2020 U.S. Flu Season: Preliminary Burden Estimates

CDC estimates* that, from October 1, 2019, through February 22, 2020, there have been:

32,000,000 – 45,000,000
flu illnesses

person coughing icon

14,000,000 – 21,000,000
flu medical visits

doctor patient icon

310,000 – 560,000
flu hospitalizations

hospital room icon

18,000 – 46,000
flu deaths

flu virus icon

*Because influenza surveillance does not capture all cases of flu that occur in the U.S., CDC provides these estimated ranges to better reflect the larger burden of influenza. These estimates are calculated based on CDC’s weekly influenza surveillance data and are preliminary.

This web page provides weekly, preliminary estimates of the cumulative in-season numbers of flu illnesses, medical visits, hospitalizations, and deaths in the United States. CDC does not know the exact number of people who have been sick and affected by influenza because influenza is not a reportable disease in most areas of the U.S. However, CDC has estimated the burden of flu since 2010 using a mathematical model that is based on data collected through the U.S. Influenza Surveillance System, a network that covers approximately 8.5% of the U.S. population (~27 million people).

Limitations

The estimates of the cumulative burden of seasonal influenza are subject to several limitations.

First, the cumulative rate of laboratory-confirmed influenza-associated hospitalizations reported during the season may be an under-estimate of the rate at the end of the season because of identification and reporting delays.

Second, rates of laboratory-confirmed influenza-associated hospitalizations were adjusted for the frequency of influenza testing and the sensitivity of influenza diagnostic assays. However, data on testing practices during the 2019-2020 season are not available in real-time. CDC used data on testing practices from the past influenza seasons as a proxy. Burden estimates will be updated at a later date when data on contemporary testing practices become available.

Third, estimates of influenza-associated illness and medical visits are based on data from prior seasons, which may not be accurate if the seriousness of illness or patterns of care-seeking have changed.

Frequently Asked Questions

What does the cumulative burden of influenza for the 2019-2020 season mean?

The cumulative burden of influenza is an estimate of the number of people who have been sick, seen a healthcare provider, been hospitalized, or died as a result of influenza since October 01, 2018. CDC does not know the exact number of people who have been sick and affected by influenza because influenza is not a reportable disease in most areas of the United States. However, these numbers are estimated using a mathematical model, based on observed rates of laboratory-confirmed influenza-associated hospitalizations.

How does CDC estimate the cumulative burden of seasonal influenza?

Preliminary estimates of the cumulative burden of seasonal influenza during the 2019-2020 season in the United States are based on crude rates of laboratory-confirmed influenza-associated hospitalizations, reported through the Influenza Hospitalization Surveillance Network (FluSurv-NET), which were adjusted for the frequency of influenza testing during recent prior seasons and the sensitivity of influenza diagnostic assays. Rates of hospitalization were then multiplied by previously estimated ratio of hospitalizations to symptomatic illnesses, and frequency of seeking medical care to calculate symptomatic illnesses, medical visits, and deaths associated with seasonal influenza, respectively.

Why does the estimate of cumulative burden change each week?

The estimates of cumulative burden of seasonal influenza are considered preliminary and may change each week as new laboratory-confirmed influenza-associated hospitalizations are reported to CDC. New reports include both new admissions that have occurred during the reporting week and also patients admitted in previous weeks that have been newly reported to CDC.

How does the number of flu hospitalizations estimated so far this season compare with previous end-of-season hospitalization estimates?

The number of hospitalizations estimated so far this season is lower than end-of-season total hospitalization estimates for any season since CDC began making these estimates. This table also summarizes all estimated influenza disease burden, by season, in U.S. from 2010-11 through 2017-18.

Preliminary Cumulative Estimates of Hospitalizations in the U.S. 2019-2020 Flu Season

Preliminary hospital burden*These estimates are preliminary and based on data from CDC’s  weekly influenza surveillance reports summarizing key influenza activity indicators.

Estimated number of influenza-associated hospitalizations

The y-axis extends from 0 to 1 million.

The x-axis is a timeline starting October 5, 2019 and extending to May 30, 2020.

There is a single blue-shaded curve labeled with “2019/20”.

There are several other lines on the right side of the graph under Total hospitalizations at end of past seasons. The lines are labeled, from top to bottom, as 2018/19, 2017/18, 2014/15, 2016/17, 2012/13, 2013/14, 2015/16, 2010/11, and 2011/12 and represent the estimated burden for these seasons.  This allows for the comparison of the current season to past seasons.

Virus Testing Blitz Appears to Keep Korea Death Rate Low

Heejin Kim, Sohee Kim and Claire Che
Bloomberg

‘Not today’: Elizabeth Warren declines to endorse Joe Biden or Bernie Sanders after she finally quits presidential race but says she WILL have more to say about ‘sexism’

  • Massachusetts senator pulls the plug on her campaign
  • But she did not immediately endorse either Joe Biden or Bernie Sanders
  • ‘Not today. I need some space around this, and I want to take a little time to think a little more,’ she said outsider her home in Massachusetts 
  • Warren had been in talks with both campaigns since her dismal Super Tuesday showing when she even failed to win Massachusetts    
  • Warren led the field early on but saw her star slowly fade as Pete Buttigieg won Iowa, Sanders took New Hampshire and Biden won South Carolina
  • Her biggest prize was effectively driving Mike Bloomberg out of the race by tearing into him at the two debates he took part in 
  • Trump mocked her throughout her campaign as Pocahontas over her claims to have Native American heritage

Elizabeth Warren ended her presidential campaign on Thursday but is not endorsing either of the two remaining candidates – Joe Biden or Bernie Sanders – at least not yet.

‘Not today. I need some space around this, and I want to take a little time to think a little more. I’ve been spending a lot of time right now on the question of suspending and also making sure that this works as best we can for our staff, for our team, for our volunteers,’ she told reporters outside her home in Cambridge, Mass.

‘We don’t have to decide that this minute,’ she noted, saying she would advise her supporters to ‘take a deep breath’ and think about who they would want to give their blessing.

Warren bowed out after failing to win any states in the Democratic primary process – even losing her home state of Massachusetts.

Elizabeth Warren declined to endorse either Joe Biden or Bernie Sanders after she dropped out of the Democratic presidential race+10

Elizabeth Warren declined to endorse either Joe Biden or Bernie Sanders after she dropped out of the Democratic presidential race

Elizabeth Warren also said she'd have more to say about the role gender and sexism played in the Democratic primary process

Elizabeth Warren also said she’d have more to say about the role gender and sexism played in the Democratic primary process

She acknowledged the role gender played in the race.

‘Gender in this race, you know that is the big question for everyone. If you say, yeah, there was sexism in this race, everyone says, whiner. And if you say, no, there was no sexism, about a bazillion women think, what planet do you live on? I promise you this, I’ll have a lot more to say on that subject later on,’ she said.

She also referenced the ‘pinkie’ promises she made with little girls on the campaign trail about a woman being in the contest.

‘I take those pinkie promises seriously,’ she said.

Her decision means there will be a female will not win the presidential nomination after women expressed their fury at President Trump’s election.

‘The hardest part of this is all those little girls who are going to have to wait four more years. That’s going to be hard,’ she said.

She choked up a few times when she talked to the press about her decision with her husband Bruce and dog Bailey at her side.

‘I stood in that voting booth and I looked down and saw my name on the ballot. And I thought, wow, kiddo, you’re not in Oklahoma anymore. That it really was a moment of thinking about how my mother and dad, if they were still here, would feel about this,’ she said.

‘It was a long time standing in that booth. I miss my mommy and my daddy,’ she added.

Elizabeth Warren choked up a few times when she talked about her decision to exit the race

Elizabeth Warren choked up a few times when she talked about her decision to exit the race

Elizabeth Warren exits her Massachusetts home with her husband Bruce to face a crowd of reporters and discuss the end of her presidential campaign

Elizabeth Warren exits her Massachusetts home with her husband Bruce to face a crowd of reporters and discuss the end of her presidential campaign

Warren announced her decision Thursday morning in a call with her staff, thanking them for their work.

‘I know that when we set out, this was not the call you ever wanted to hear. It is not the call I ever wanted to make. But I refuse to let disappointment blind me – or you – to what we’ve accomplished. We didn’t reach our goal, but what we have done together – what you have done – has made a lasting difference. It’s not the scale of the difference we wanted to make, but it matters – and the changes will have ripples for years to come,’ she said.

She also vowed that ‘our place in this fight has not ended.’

‘The fight may take a new form, but I will be in that fight, and I want you in this fight with me. We will persist,’ she said.

Her decision means that the contest is a simple two horse race between Biden, 77, and Sanders, 78, with Biden currently ahead thanks to his dramatic Super Tuesday come back.

President Trump, who called her ‘very selfish,’ for staying the race, claiming she was doing so to keep Sanders from winning the nomination, slammed her exiting the contest ‘THREE DAYS TOO LATE.’

‘Elizabeth “Pocahontas” Warren, who was going nowhere except into Mini Mike’s head, just dropped out of the Democrat Primary…THREE DAYS TOO LATE. She cost Crazy Bernie, at least, Massachusetts, Minnesota and Texas. Probably cost him the nomination! Came in third in Mass,’ he wrote on Twitter.

Warren, who led the field early on, saw her star slowly fade as Pete Buttigieg won Iowa, Sanders took New Hampshire and Biden won South Carolina.

Out at last: Elizabeth Warren took 36 hours to bow to the inevitable, finally quitting the presidential race Thursday morning after a disastrous Super Tuesday

Boost? Joe Biden and Bernie Sanders are now clear to go against each other - and both were in talks with Elizabeth Warren for her endorsement

Boost? Joe Biden and Bernie Sanders are now clear to go against each other - and both were in talks with Elizabeth Warren for her endorsement

Boost? Joe Biden and Bernie Sanders are now clear to go against each other – and both were in talks with Elizabeth Warren for her endorsement

She has reportedly been in talks with both Biden and Sanders about her endorsement, a value that will could make her the kingmaker in the Democratic primary, particularly if she bestows it on the former vice president.

Biden has already sealed endorsements from Buttigieg, Amy Klobuchar, Beto O’Rourke, and Mike Bloomberg.

Warren, a favorite of the progressives, was never able to capture the liberal left like Sanders did.

Her blessing to him would rally the left flank of the party to his side and boost his battle against Biden.

Sanders said on Wednesday he had spoken to Warren that day and she was assessing her campaign.

‘It is important, I think, for all of us… to respect the time and the space that she needs to make her decision,’ he said.

Warren also spoke with Biden on Wednesday.

President Trump had attacked Warren as ‘selfish’ for not dropping out of the race, claiming her presence was a move by the party to keep Sanders from becoming the nominee since they both appeal to the same voting block.

He accused her of playing a spoiler role in the primary process.

‘So Elizabeth Warren was the single biggest factor in that election last night and it would have been a very different thing and not in a positive way for her,’ Trump said at the White House Wednesday.

Trump had made her the subject of attacks as ‘Pocahontas’ after her botched defense of claims she had Native American heritage, which ended in a DNA test showing that she was likely to be 1,064th Indian.

Tulsi Gabbard remains the lone female candidate in the primary race but her campaign has faltered. She has not appeared on the debate stage in months, barely makes the polls, and only netted a single delegate on Super Tuesday – from American Samoa where she was born.

 Warren was the last surviving woman among the major candidates however, staying in long past Kirsten Gillibrand, Kamala Harris, and Klobuchar.

Last woman running: Tulsi Gabbard, the Hawaii congresswoman, remains in the race but has garnered just one delegate - from American Samoa

Last woman running: Tulsi Gabbard, the Hawaii congresswoman, remains in the race but has garnered just one delegate – from American Samoa

President Trump repeatedly attacked Elizabeth Warren as 'Pocahontas,' based on her claim of Native American DNA, which a test proved false

 

President Trump repeatedly attacked Elizabeth Warren as ‘Pocahontas,’ based on her claim of Native American DNA, which a test proved false

Her departure will likely raise questions about how Democrats – who brag about their diversity – came down to having two white males as their final contenders for the nomination.

Warren did, in effect, drive Mike Bloomberg from the race.

She decimated him on the debate stage, demanding to know why he wouldn’t release women from the disclosures they signed after complaints about a hostile work environment.

She demanded to know how many women and why he wouldn’t release them, leaving Bloomberg fumbling for an answer and damaging his campaign prospects.

Bloomberg exited the race on Wednesday after pouring nearly a billion dollars in trying to sweep the Super Tuesday contests – only to win American Samoa. He also endorsed Biden.

Warren was known for her policy proposals – ‘I have a plan for that’ was practically her campaign slogan – and her long lines of supporters wanting selfies.

But her many proposals also became part of her down fall. Her rivals pummeled her on her Medicare for All universal health care plan, demanding to how she would pay for it and why people who liked their insurance should give it up.

WHO ARE THE 3 DEMOCRATS RUNNING FOR PRESIDENT IN 2020?

JOE BIDEN

Age on Inauguration Day 2021: 78

Entered race: April 25, 2019

Career: No current role. A University of Delaware and Syracuse Law graduate, he was first elected to Newcastle City Council in 1969, then won upset election to Senate in 1972, aged 29. Was talked out of quitting before being sworn in when his wife and daughter died in a car crash and served total of six terms. Chaired Judiciary Committee’s notorious Clarence Thomas confirmation hearings. Ran for president in 1988, pulled out after plagiarism scandal, ran again in 2008, withdrew after placing fifth in the Iowa Caucuses. Tapped by Obama as his running mate and served two terms as vice president. Contemplated third run in 2016 but decided against it after his son died of brain cancer.

Family: Eldest of four siblings born to Joe Biden Sr. and Catherine Finnegan. First wife Neilia Hunter and their one-year-old daughter Naomi died in car crash which their two sons, Joseph ‘Beau’ and Robert Hunter survived. Married Jill Jacobs in 1976, with whom he has daughter Ashley. Beau died of brain cancer in 2015. Hunter’s marriage to Kathleen Buhle, with whom he has three children, ended in 2016 when it emerged Hunter was in a relationship with Beau’s widow Hallie, mother of their two children. Hunter admitted cocaine use; his estranged wife accused him of blowing their savings on drugs and prostitutes

Religion: Catholic

Views on key issues: Ultra-moderate who will emphasize bipartisan record. Will come under fire over record, having voted: to stop desegregation bussing in 1975; to overturn Roe v Wade in 1981; for now controversial 1994 Violent Crime Act; for 2003 Iraq War; and for banking deregulation. Says he is ‘most progressive’ Democrat. New positions include free college, tax reform, $15 minimum wage. No public position yet on Green New Deal and healthcare. Pro-gun control. Has already apologized to women who say he touched them inappropriately

Would make history as: Oldest person elected president

Slogan: Our Best Days Still Lie Ahead

TULSI GABBARD

Age on Inauguration Day: 39

Entered race: Still to formally file any papers but said she would run on January 11 2019

Career: Currently Hawaii congresswoman. Born on American Samoa, a territory. Raised largely in Hawaii, she co-founded an environmental non-profit with her father as a teenager and was elected to the State Legislature aged 21, its youngest member in history. Enlisted in the National Guard and served two tours, one in Iraq 2004-2006, then as an officer in Kuwait in 2009. Ran for Honolulu City Council in 2011, and House of Representatives in 2012

Family: Married to her second husband, Abraham Williams, a cinematographer since 2015. First marriage to childhood sweetheart Eduardo Tamayo in 2002 ended in 2006. Father Mike Gabbard is a Democratic Hawaii state senator, mother Carol Porter runs a non-profit.

Religion: Hindu

Views on key issues: Has apologized for anti-abortion and anti-gay marriage views; wants marijuana federally legalized; opposed to most U.S. foreign interventions; backs $15 minimum wage and universal health care; was the second elected Democrat to meet Trump after his 2016 victory

Would make history as: First female, Hindu and Samoan-American president; youngest president ever

Slogan: Lead with Love 

BERNIE SANDERS

Age on Inauguration Day: 79

Entered race: Sources said on January 25, 2019, that he would form exploratory committee. Officially announced February 19

Career: Currently Vermont senator. Student civil rights and anti-Vietnam activist who moved to Vermont and worked as a carpenter and radical film-maker. Serial failed political candidate in the 1970s, he ran as a socialist for mayor of Burlington in 1980 and served two terms ending in 1989, and win a seat in Congress as an independent in 1990. Ran for Senate in 2006 elections as an independent with Democratic endorsement and won third term in 2018. Challenged Hillary Clinton for the Democratic nomination in 2016 but lost. Campaign has since been hit by allegations of sexual harassment  – for which he has apologized – and criticized for its ‘Bernie bro’ culture

Family: Born to a Jewish immigrant father and the daughter of Jewish immigrant parents in Brooklyn, New York. First marriage to college sweetheart Deborah Shiling Messing in 1964 ended in divorce in 1966; had son Levi in 1969 with then girlfriend Susan Cambell Mott. Married Jone O’Meara in 1988 and considers her three children, all adults, his own. The couple have seven grandchildren. His older brother Larry is a former Green Party councilor in Oxfordshire, England. 

Religion: Secular Jewish 

Views on key issues: Openly socialist and standard bearer for the Democratic party’s left-turn. Wants federal $15 minimum wage; banks broken up; union membership encouraged; free college tuition; universal health care; re-distributive taxation; he opposed Iraq War and also U.S. leading the fight against ISIS and wants troops largely out of Afghanistan and the Middle East

Would make history as: Oldest person elected president; first Jewish president

Slogan: Not me. Us.

AND THE 26 WHO HAVE WITHDRAWN 

MICHAEL BENNET, Colorado senator

  • Entered race: May 2, 2019 
  • Quit:  February 12, 2019, evening of New Hampshire primary

MIKE BLOOMBERG

Entered race: November 24, 2019

Quit: March 4, 2020, day after Super Tuesday primaries

CORY BOOKER, New Jersey Senator 

  • Entered race: February 1, 2019
  • Quit: January 13, 2020 

STEVE BULLOCK, Montana governor 

  • Entered race: May 14, 2019 
  • Quit: December 2, 2019

PETE BUTTIGIEG, former mayor of South Bend, Indiana

Entered race: January 23, 2019

Quit: March 1, 2020, day after South Carolina primary 

JULIÁN CASTRO, former Housing Secretary

  • Entered race: January 18, 2019
  • Quit: January 2, 2020 

BILL DE BLASIO, New York City mayor 

  • Entered race: May 16, 2019
  • Quit: September 20, 2020

JOHN DELANEY, former Maryland Congressman

  • Entered race: July 8, 2017
  • Quit: January 31, 2019 

KIRSTEN GILLIBRAND, New York senator

  • Entered race: January 16, 2019
  • Quit: August 28, 2019

 MIKE GRAVEL, Former Alaska governor

  • Entered race: April 2,2019
  • Quit: August 2, 2019 

KAMALA HARRIS,California senator  

  • Entered race: January 21, 2019
  • Quit: December 3, 2019 

JOHN HICKENLOOPER, Former Colorado governor

  • Entered race: March 4, 2019
  • Quit: August 15, 2019 

JAY INSLEE, Washington governor 

  • Entered race: March 1, 2019
  • Quit: August 21, 2019

AMY KLOBUCHAR, Minnesota senator 

  • Entered race: February 19, 2019
  • Quit: March 2, 2020 

WAYNE MESSAM, mayor of Miramar, Florida 

  • Entered race: March 28, 2019
  • Quit: November 20, 2019 

SETH MOULTON, Massachusetts congressman

  • Entered race:  April 22,2019
  • Quit: August 23, 2019

RICHARD OJEDA, former West Virginia state senator

  • Entered race: November 12, 2018
  • Quit: January 25, 2019

BETO O’ROURKE, former Texas congressman

  • Entered race: March 14, 2019 
  • Quit: November 1, 2019  

DEVAL PATRICK, former Massachusetts governor 

  • Entered race: November 13, 2019
  • Quit:  February 13, 2019, morning after New Hampshire primary

TIM RYAN, Ohio congressman

  • Entered race: April 4, 2019
  • Quit: October 24, 2019

JOE SESTAK, former Pennsylvania congressman 

  • Entered race: June 23, 2019
  • Quit: December 1, 2019

 TOM STEYER, billionaire activist 

  • Entered race: July 9, 2019
  • Quit: February 29, 2020

ERIC SWALWELL, California congressman 

  • Entered race: April 8, 2019
  • Quit: July 8, 2019  

ELIZABETH WARREN, Massachusetts senator

Entered race: December 31, 2018

Quit: March 5, 2020, two days after Super Tuesday 

MARIANNE WILLIAMSON, author

  • Entered race: November 15, 2018
  • Quit: January 10, 2020 

ANDREW YANG, entrepreneur

 

 

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The Pronk Pops Show 1405, February 28, 2020, Story 1: Progressive Propaganda Pandemic Panics People — Seven Straight Days of Stocks Prices Plunging — Selling Out Portfolio Positions — Videos — Story 2: COVID-19 Communist Chinese Coughing Contained? — Going Global — Mask and Testing Kit Supply Shortage Short-Term — Propagating Pandemic Panic — Videos — Story 3: President Trump Answers Press Questions on Way To Helicopter — Order Medical Supplies — Videos

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Stock market index

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A comparison of three major U.S. stock indices: the NASDAQ CompositeDow Jones Industrial Average, and S&P 500 Index. All three have the same height at March 2000. The NASDAQ spiked during the dot-com bubble in the late 1990s, a result of the large number of technology companies on that index.

stock index or stock market index is an index that measures a stock market, or a subset of the stock market, that helps investors compare current price levels with past prices to calculate market performance.[1] It is computed from the prices of selected stocks (typically a weighted arithmetic mean).

Two of the primary criteria of an index are that it is investable and transparent:[2] The method of its construction are specified. Investors can invest in a stock market index by buying an index fund, which are structured as either a mutual fund or an exchange-traded fund, and “track” an index. The difference between an index fund’s performance and the index, if any, is called tracking error. For a list of major stock market indices, see List of stock market indices.

Types of indices

Stock market indices may be classified in many ways. A ‘world’ or ‘global’ stock market index — such as the MSCI World or the S&P Global 100 — includes stocks from multiple regions. Regions may be defined geographically (e.g., Europe, Asia) or by levels of industrialization or income (e.g., Developed Markets, Frontier Markets).

A ‘national’ index represents the performance of the stock market of a given nation—and by proxy, reflects investor sentiment on the state of its economy. The most regularly quoted market indices are national indices composed of the stocks of large companies listed on a nation’s largest stock exchanges, such as the S&P 500 Index in the United States, the Nikkei 225 in Japan, the NIFTY 50 in India, and the FTSE 100 in the United Kingdom.

Many indices are regional, such as the FTSE Developed Europe Index or the FTSE Developed Asia Pacific Index. Indexes may be based on exchange, such as the NASDAQ-100 or groups of exchanges, such as the Euronext 100 or OMX Nordic 40.

The concept may be extended well beyond an exchange. The Wilshire 5000 Index, the original total market index, includes the stocks of nearly every public company in the United States, including all U.S. stocks traded on the New York Stock Exchange (but not ADRs or limited partnerships), NASDAQ and American Stock Exchange. The FTSE Global Equity Index Series includes over 16,000 companies.[3]

Indices exist that track the performance of specific sectors of the market. Some examples include the Wilshire US REIT Index which tracks more than 80 real estate investment trusts and the NASDAQ Biotechnology Index which consists of approximately 200 firms in the biotechnology industry. Other indices may track companies of a certain size, a certain type of management, or more specialized criteria such as in fundamentally based indexes.

Ethical stock market indices

Several indices are based on ethical investing, and include only companies that meet certain ecological or social criteria, such as the Calvert Social IndexDomini 400 Social IndexFTSE4Good IndexDow Jones Sustainability Index, STOXX Global ESG Leaders Index, several Standard Ethics Aei indices, and the Wilderhill Clean Energy Index.[4]

In 2010, the Organisation of Islamic Cooperation announced the initiation of a stock index that complies with Sharia‘s ban on alcohol, tobacco and gambling.[5]

Strict mechanical criteria for inclusion and exclusion exist to prevent market domination, such as in Canada when Nortel was permitted to rise to over 30% of the TSE 300 index value.

Ethical indices have a particular interest in mechanical criteria, seeking to avoid accusations of ideological bias in selection, and have pioneered techniques for inclusion and exclusion of stocks based on complex criteria.

Another means of mechanical selection is mark-to-future methods that exploit scenarios produced by multiple analysts weighted according to probability, to determine which stocks have become too risky to hold in the index of concern.

Critics of such initiatives argue that many firms satisfy mechanical “ethical criteria”, e.g. regarding board composition or hiring practices, but fail to perform ethically with respect to shareholders, e.g. Enron. Indeed, the seeming “seal of approval” of an ethical index may put investors more at ease, enabling scams. One response to these criticisms is that trust in the corporate management, index criteria, fund or index manager, and securities regulator, can never be replaced by mechanical means, so “market transparency” and “disclosure” are the only long-term-effective paths to fair markets. From a financial perspective, it is not obvious whether ethical indices or ethical funds will out-perform their more conventional counterparts. Theory might suggest that returns would be lower since the investible universe is artificially reduced and with it portfolio efficiency. On the other hand, companies with good social performances might be better run, have more committed workers and customers, and be less likely to suffer reputation damage from incidents (oil spillages, industrial tribunals, etc.) and this might result in lower share price volatility.[6] The empirical evidence on the performance of ethical funds and of ethical firms versus their mainstream comparators is very mixed for both stock[7][8] and debt markets.[9]

Presentation of index returns

Some indices, such as the S&P 500 Index, have returns shown calculated with different methods.[10] These versions can differ based on how the index components are weighted and on how dividends are accounted. For example, there are three versions of the S&P 500 Index: price return, which only considers the price of the components, total return, which accounts for dividend reinvestment, and net total return, which accounts for dividend reinvestment after the deduction of a withholding tax.[11]

The Wilshire 4500 and Wilshire 5000 indices have five versions each: full capitalization total return, full capitalization price, float-adjusted total return, float-adjusted price, and equal weight. The difference between the full capitalization, float-adjusted, and equal weight versions is in how index components are weighted.[12][13]

Weighting of stocks within an index

An index may also be classified according to the method used to determine its price. In a price-weighted index such as the Dow Jones Industrial AverageNYSE Arca Major Market Index, and the NYSE Arca Tech 100 Index, the share price of each component stock is the only consideration when determining the value of the index. Thus, price movement of even a single security will heavily influence the value of the index even though the dollar shift is less significant in a relatively highly valued issue, and moreover ignoring the relative size of the company as a whole. In contrast, a Capitalization-weighted index (also called market-value-weighted) such as the S&P 500 Index or Hang Seng Index factors in the size of the company. Thus, a relatively small shift in the price of a large company will heavily influence the value of the index.

Capitalization- or share-weighted indices have a full weighting, i.e. all outstanding shares were included. Many indices are based on a free float-adjusted weighting.

An equal-weighted index is one in which all components are assigned the same value.[14] For example, the Barron’s 400 Index assigns an equal value of 0.25% to each of the 400 stocks included in the index, which together add up to the 100% whole.[15]

modified capitalization-weighted index is a hybrid between capitalization weighting and equal weighting. It is similar to a capitalization weighting with one main difference: the largest stocks are capped to a percent of the weight of the total stock index and the excess weight will be redistributed equally amongst the stocks under that cap. In 2005, Standard & Poor’s introduced the S&P Pure Growth Style Index and S&P Pure Value Style Index which was attribute-weighted. That is, a stock’s weight in the index is decided by the score it gets relative to the value attributes that define the criteria of a specific index, the same measure used to select the stocks in the first place. For these two indexes, a score is calculated for every stock, be it their growth score or the value score (a stock cannot be both) and accordingly they are weighted for the index.[16]

Criticism of capitalization-weighting

One argument for capitalization weighting is that investors must, in aggregate, hold a capitalization-weighted portfolio anyway. This then gives the average return for all investors; if some investors do worse, other investors must do better (excluding costs).[17]

Investors use theories such as modern portfolio theory to determine allocations. This considers risk and return and does not consider weights relative to the entire market. This may result in overweighting assets such as value or small-cap stocks, if they are believed to have a better return for risk profile. These investors believe that they can get a better result because other investors are not very good. The capital asset pricing model says that all investors are highly intelligent, and it is impossible to do better than the market portfolio, the capitalization-weighted portfolio of all assets. However, empirical tests conclude that market indices are not efficient.[citation needed] This can be explained by the fact that these indices do not include all assets or by the fact that the theory does not hold. The practical conclusion is that using capitalization-weighted portfolios is not necessarily the optimal method.

As a consequence, capitalization-weighting has been subject to severe criticism (see e.g. Haugen and Baker 1991, Amenc, Goltz, and Le Sourd 2006, or Hsu 2006), pointing out that the mechanics of capitalization-weighting lead to trend following strategies that provide an inefficient risk-return trade-off.

Other stock market index weighting schemes

While capitalization-weighting is the standard in equity index construction, different weighting schemes exist. While most indices use capitalization-weighting, additional criteria are often taken into account, such as sales/revenue and net income, as in the Dow Jones Global Titan 50 Index.

As an answer to the critiques of capitalization-weighting, equity indices with different weighting schemes have emerged, such as “wealth”-weighted (Morris, 1996), Fundamentally based indexes (Robert D. Arnott, Hsu and Moore 2005), “diversity”-weighted (Fernholz, Garvy, and Hannon 1998) or equal-weighted indices.[18]

Indices and passive investment management

Passive management is an investing strategy involving investing in index funds, which are structured as mutual funds or exchange-traded funds that track market indices.[19] The SPIVA (S&P Indices vs. Active) annual “U.S. Scorecard”, which measures the performance of indices versus actively managed mutual funds, finds the vast majority of active management mutual funds underperform their benchmarks, such as the S&P 500 Index, after fees.[20][21] Since index funds attempt to replicate the holdings of an index, they eliminate the need for — and thus many costs of — the research entailed in active management, and have a lower churn rate (the turnover of securities, which can result in transaction costs and capital gains taxes).

Unlike a mutual fund, which is priced daily, an exchange-traded fund is priced continuously, is optionable, and can be sold short.[22]

Lists

References

  1. ^ Caplinger, Dan (January 18, 2020). “What Is a Stock Market Index?”The Motley Fool.
  2. ^ Lo, Andrew W. (2016). “What Is an Index?”. Journal of Portfolio Management42 (2): 21–36. doi:10.3905/jpm.2016.42.2.021.
  3. ^ “FTSE Global Equity Index Series (GEIS)”FTSE Russell.
  4. ^ Divine, John (February 15, 2019). “7 of the Best Socially Responsible Funds”U.S. News & World Report.
  5. ^ Haris, Anwar (November 25, 2010). “Muslim-Majority Nations Plan Stock Index to Spur Trade: Islamic Finance”Bloomberg L.P.
  6. ^ Oikonomou, Ioannis; Brooks, Chris; Pavelin, Stephen (2012). “The impact of corporate social performance on financial risk and utility: a longitudinal analysis” (PDF)Financial Management41 (2): 483–515. doi:10.1111/j.1755-053X.2012.01190.xISSN 1755-053X.
  7. ^ Brammer, Stephen; Brooks, Chris; Pavelin, Stephen (2009). “The stock performance of America’s 100 best corporate citizens” (PDF)The Quarterly Review of Economics and Finance49 (3): 1065–1080. doi:10.1016/j.qref.2009.04.001ISSN 1062-9769.
  8. ^ Brammer, Stephen; Brooks, Chris; Pavelin, Stephen (2006). “Corporate social performance and stock returns: UK evidence from disaggregate measures” (PDF)Financial Management35 (3): 97–116. doi:10.1111/j.1755-053X.2006.tb00149.xISSN 1755-053X.
  9. ^ Oikonomou, Ioannis; Brooks, Chris; Pavelin, Stephen (2014). “The effects of corporate social performance on the cost of corporate debt and credit ratings” (PDF)Financial Review49 (1): 49–75. doi:10.1111/fire.12025ISSN 1540-6288.
  10. ^ “Index Literacy”S&P Dow Jones Indices.
  11. ^ “Methodology Matters”S&P Dow Jones Indices.
  12. ^ “Indexes”Wilshire Associates.
  13. ^ “Dow Jones Wilshire > DJ Wilshire 5000/4500 Indexes > Methodology”Wilshire Associates.
  14. ^ Edwards, Tim; Lazzara, Craig J. (May 2014). “Equal-Weight Benchmarking: Raising the Monkey Bars” (PDF)S&P Global.
  15. ^ Fabian, David (November 14, 2014). “Checking In On Equal-Weight ETFs This Year”Benzinga.
  16. ^ S&P methodology via Wikinvest
  17. ^ Sharpe, William F. (May 2010). “Adaptive Asset Allocation Policies”CFA Institute.
  18. ^ “Practice Essentials – Equal Weight Indexing” (PDF)S&P Dow Jones Indices.
  19. ^ Schramm, Michael (September 27, 2019). “What Is Passive Investing?”Morningstar, Inc.
  20. ^ “SPIVA U.S. Score Card”S&P Dow Jones Indices.
  21. ^ THUNE, KENT (July 3, 2019). “Why Index Funds Beat Actively Managed Funds”Dotdash.
  22. ^ Chang, Ellen (May 21, 2019). “How to Choose Between ETFs and Mutual Funds”U.S. News & World Report.

External links

 Media related to Stock market indexes at Wikimedia Commons

https://en.wikipedia.org/wiki/Stock_market_index

 

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U.S. Influenza Surveillance System: Purpose and Methods

The Influenza Division at CDC collects, compiles and analyzes information on influenza activity year-round in the United States. FluView, a weekly influenza surveillance report, and FluView Interactive, an online application which allows for more in-depth exploration of influenza surveillance data, are updated each week. The data presented each week are preliminary and may change as more data is received.

The U.S. influenza surveillance system is a collaborative effort between CDC and its many partners in state, local, and territorial health departments, public health and clinical laboratories, vital statistics offices, healthcare providers, clinics, and emergency departments. Information in five categories is collected from eight data sources in order to:

  • Find out when and where influenza activity is occurring;
  • Determine what influenza viruses are circulating;
  • Detect changes in influenza viruses; and
  • Measure the impact influenza is having on outpatient illness, hospitalizations and deaths.

It is important to maintain a comprehensive system for influenza surveillance for the following reasons:

  • Influenza viruses are constantly changing (referred to as antigenic drift), and thus ongoing data collection and characterization of the viruses are required;
  • Influenza viruses can also undergo an abrupt, major change (referred to as antigenic shift) that results in a virus that is different than currently circulating influenza viruses; surveillance of viruses will detect these changes and inform the public health response;
  • Vaccines must be administered annually and are updated regularly based on surveillance findings;
  • Treatment for influenza is guided by laboratory surveillance for antiviral resistance; and
  • Influenza surveillance and targeted research studies are used to monitor the impact of influenza on different segments of the population (e.g. age groups, underlying medical conditions).

Surveillance System Components

1. Virologic Surveillance

U.S. World Health Organization (WHO) Collaborating Laboratories System and the National Respiratory and Enteric Virus Surveillance System (NREVSS) – Approximately 100 public health and over 300 clinical laboratories located throughout all 50 states, Puerto Rico, Guam, and the District of Columbia participate in virologic surveillance for influenza through either the U.S. WHO Collaborating Laboratories System or NREVSS.  Influenza testing practices differ in public health and clinical laboratories and each source provides valuable information for monitoring influenza activity.  Clinical laboratories primarily test respiratory specimens for diagnostic purposes and data from these laboratories provide useful information on the timing and intensity of influenza activity.  Public health laboratories primarily test specimens for surveillance purposes to understand what influenza virus types, subtypes, and lineages are circulating and the age groups being affected.

All public health and clinical laboratories report each week to CDC the total number of respiratory specimens tested for influenza and the number positive for influenza viruses, along with age or age group of the person, if available.  Data presented from clinical laboratories include the weekly total number of specimens tested, the number of positive influenza tests, and the percent positive by influenza virus type.  Data presented from public health laboratories include the weekly total number of specimens tested and the number positive by influenza virus type and subtype/lineage.  In order to obtain specimens in an efficient manner, public health laboratories often receive samples that have already tested positive for an influenza virus at a clinical laboratory.  As a result, monitoring the percent of specimens testing positive for an influenza virus in a public health laboratory is less useful (i.e., we expect a higher percent positive). In order to use each data source most appropriately and to avoid duplication, reports from public health and clinical laboratories are presented separately in both FluView and FluView Interactive.

The age distribution of influenza positive specimens reported from public health laboratories is visualized in FluView Interactive.  The number and proportion of influenza virus-positive specimens by influenza A subtype and influenza B lineage are presented by age group (0-4 years, 5-24 years, 25-64 years, and ≥65 years) each week and cumulative totals are provided for the season.

Additional laboratory data for current and past seasons and by geographic level (national, Department of Health and Human Services (HHS) region, and state) are available on FluView Interactive.

Virus Characterization – Most U.S. viruses submitted for virus characterization come from state and local public health laboratories. Due to Right Size Roadmapexternal icon considerations, specimen submission guidance to public health laboratories for the 2019-2020 season is that, if available, 2 influenza A(H1N1)pdm09, 3 influenza A(H3N2), and 2 influenza B viruses be submitted every other week. Therefore, the numbers of each virus type/subtype characterized should be more balanced across subtypes/lineages but will not reflect the actual proportion of circulating viruses. The goal of antigenic and genetic characterization is to compare how similar the currently circulating influenza viruses are to the reference viruses representing viruses contained in the current influenza vaccines and to monitor evolutionary changes that continually occur in influenza viruses circulating in humans. For genetic characterization, all influenza-positive surveillance samples received at CDC undergo next-generation sequencing to determine the genetic identity of circulating influenza viruses and to monitor the evolutionary trajectory of viruses circulating in our population. Virus gene segments are classified into genetic clades/subclades based on phylogenetic analysis. However, genetic changes that classify the clades/subclades do not always result in antigenic changes. “Antigenic drift” is a term used to describe gradual antigenic change that occurs as viruses evolve to escape host immune pressure. Antigenic drift is evaluated using hemagglutination inhibition and/or neutralization based focus reduction assays to compare antigenic properties of cell-propagated reference viruses representing currently recommended vaccine components with those of cell-propagated circulating viruses.

CDC also tests a subset of the influenza viruses collected by public health laboratories for susceptibility to the neuraminidase inhibitor antivirals (oseltamivir, zanamivir, and peramivir) and the PA cap-dependent endonuclease inhibitor (baloxavir). Susceptibility to the neuraminidase inhibitors is assessed using next-generation sequencing analysis and/or a functional assay. Neuraminidase sequences of viruses are inspected to detect the presence of amino acid substitutions, previously associated with reduced or highly reduced inhibition by any of three neuraminidase inhibitorspdf iconexternal icon. In addition, a subset of viruses is tested using the neuraminidase inhibition assay with three neuraminidase inhibitors. The level of neuraminidase activity inhibition is reported using the thresholds recommended by the World Health Organization Expert Working Group of the Global Influenza Surveillance and Response System (GISRS)pdf iconexternal icon. These samples are routinely obtained for surveillance purposes rather than for diagnostic testing of patients suspected to be infected with an antiviral-resistant virus. Susceptibility to baloxavir is assessed using next-generation sequencing analysis to identify PA protein changes previously associated with reduced susceptibility to this medication; a subset of representative viruses is also tested phenotypically using a high-content imaging neutralization test.

Results of the antigenic and genetic characterization and antiviral susceptibility testing are presented in the virus characterization and antiviral resistance sections of the FluView report.

Surveillance for Novel Influenza A Viruses – In 2007, human infection with a novel influenza A virus became a nationally notifiable condition. Novel influenza A virus infections include all human infections with influenza A viruses that are different from currently circulating human seasonal influenza H1 and H3 viruses. These viruses include those that are subtyped as nonhuman in origin and those that cannot be subtyped with standard laboratory methods and reagents.  Rapid detection and reporting of human infections with novel influenza A viruses – viruses against which there is often little to no pre-existing immunity – is important to facilitate prompt awareness and characterization of influenza A viruses with pandemic potential and accelerate the implementation of public health responses to limit the transmission and impact of these viruses.

Newly reported cases of human infections with novel influenza A viruses are reported in FluView and additional information, including case counts by geographic location, virus subtype, and calendar year, are available on FluView Interactive.

2. Outpatient Illness Surveillance

Information on outpatient visits to health care providers for influenza-like illness is collected through the U.S. Outpatient Influenza-like Illness Surveillance Network (ILINet). ILINet consists of outpatient healthcare providers in all 50 states, Puerto Rico, the District of Columbia and the U.S. Virgin Islands reporting approximately 60 million patient visits during the 2018-19 season. Each week, approximately 2,600 outpatient healthcare providers around the country report data to CDC on the total number of patients seen for any reason and the number of those patients with influenza-like illness (ILI) by age group (0-4 years, 5-24 years, 25-49 years, 50-64 years, and ≥65 years). For this system, ILI is defined as fever (temperature of 100°F [37.8°C] or greater) and a cough and/or a sore throat without a known cause other than influenza. Sites with electronic health records use an equivalent definition as determined by public health authorities.

Additional data on medically attended visits for ILI for current and past seasons and by geographic level (national, HHS region, and state) are available on FluView Interactive.

The national percentage of patient visits to healthcare providers for ILI reported each week is calculated by combining state-specific data weighted by state population. This percentage is compared each week with the national baseline of 2.4% for the 2019-2020 influenza season. The baseline is developed by calculating the mean percentage of patient visits for ILI during non-influenza weeks for the previous three seasons and adding two standard deviations. A non-influenza week is defined as periods of two or more consecutive weeks in which each week accounted for less than 2% of the season’s total number of specimens that tested positive for influenza in public health laboratories.  Due to wide variability in regional level data, it is not appropriate to apply the national baseline to regional data; therefore, region-specific baselines are calculated using the same methodology.

Regional baselines for the 2019-2020 influenza season are:

Region 1 — 1.9%
Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont

Region 2 — 3.2%
New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands

Region 3 — 1.9%
Delaware, District of Columbia, Maryland, Pennsylvania, Virginia, and West Virginia

Region 4 — 2.4%
Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

Region 5 — 1.9%
Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin

Region 6 — 3.8%
Arkansas, Louisiana, New Mexico, Oklahoma, and Texas

Region 7 — 1.7%
Iowa, Kansas, Missouri, and Nebraska

Region 8 — 2.7%
Colorado, Montana, North Dakota, South Dakota, Utah, and Wyoming

Region 9 — 2.4%
Arizona, California, Hawaii, and Nevada

Region 10— 1.5%
Alaska, Idaho, Oregon, and Washington

ILI Activity Indicator Map: — Data collected in ILINet are also used to produce a measure of ILI activity for all 50 states, Puerto Rico, the District of Columbia, and New York City. Activity levels are based on the percent of outpatient visits due to ILI in a jurisdiction compared with the average percent of ILI visits that occur during weeks with little or no influenza virus circulation (i.e., non-influenza weeks) in that jurisdiction.  The number of sites reporting each week is variable, therefore baselines are adjusted each week based on which sites within each jurisdiction provide data. To perform this adjustment, provider level baseline ratios are calculated for those that have a sufficient reporting history.  Providers that do not have the required reporting history are assigned the baseline ratio for their practice type.  The jurisdiction level baseline is then calculated using a weighted sum of the baseline ratios for each contributing provider.

The activity levels compare the mean reported percent of visits due to ILI for the current week to the mean reported percent of visits due to ILI for non-influenza weeks.  The 10 activity levels correspond to the number of standard deviations below, at or above the mean for the current week compared with the mean of the non-influenza weeks.  There are 10 activity levels classified as minimal (levels 1-3), low (levels 4-5), moderate (levels 6-7), and high (levels 8-10).  An activity level of 1 corresponds to values that are below the mean, level 2 corresponds to an ILI percentage less than 1 standard deviation above the mean, level 3 corresponds to ILI more than 1, but less than 2 standard deviations above the mean, and so on, with an activity level of 10 corresponding to ILI 8 or more standard deviations above the mean.

The ILI Activity Indicator map reflects the level of ILI activity, not the extent of geographic spread of flu, within a jurisdiction. Therefore, outbreaks occurring in a single city could cause the state to display high activity levels. In addition, data collected in ILINet may disproportionally represent certain populations within a state, and therefore, may not accurately depict the full picture of influenza activity for the whole state. Differences in the data presented here by CDC and independently by some state health departments likely represent differing levels of data completeness with data presented by the state likely being the more complete.

The ILI Activity Indicator Map displays state-specific activity levels for multiple seasons and allows a visual representation of relative activity from state to state.  More information is available on FluView Interactive.

3. Summary of the Geographic Spread of Influenza

State and territorial health departments report the estimated level of geographic spread of influenza activity in their jurisdictions each week through the State and Territorial Epidemiologists Report. This level does not measure the severity of influenza activity; low levels of influenza activity occurring throughout a jurisdiction would result in a classification of “widespread”.  Jurisdictions classify geographic spread as follows:

  • No Activity: No laboratory-confirmed cases of influenza and no reported increase in the number of cases of ILI.
  • Sporadic: Small numbers of laboratory-confirmed influenza cases or a single laboratory-confirmed influenza outbreak has been reported, but there is no increase in cases of ILI.
  • Local: Outbreaks of influenza or increases in ILI cases and recent laboratory-confirmed influenza in a single region of the state.
  • Regional: Outbreaks of influenza or increases in ILI and recent laboratory confirmed influenza in at least two but less than half the regions of the state with recent laboratory evidence of influenza in those regions.
  • Widespread: Outbreaks of influenza or increases in ILI cases and recent laboratory-confirmed influenza in at least half the regions of the state with recent laboratory evidence of influenza in the state.

Additional data displaying the influenza activity reported by state and territorial epidemiologists for the current and past seasons are available on FluView Interactive.

4. Hospitalization Surveillance

Laboratory confirmed influenza-associated hospitalizations in children and adults are monitored through the Influenza Hospitalization Surveillance Network (FluSurv-NET). FluSurv-NET conducts population-based surveillance for laboratory-confirmed influenza-related hospitalizations in children younger than 18 years of age (since the 2003-2004 influenza season) and adults (since the 2005-2006 influenza season). The network includes more than 70 counties in the 10 Emerging Infections Program (EIP) states (CA, CO, CT, GA, MD, MN, NM, NY, OR, and TN) and additional Influenza Hospitalization Surveillance Project (IHSP) states. The IHSP began during the 2009-2010 season to enhance surveillance during the 2009 H1N1 pandemic. IHSP sites included IA, ID, MI, OK and SD during the 2009-2010 season; ID, MI, OH, OK, RI, and UT during the 2010-2011 season; MI, OH, RI, and UT during the 2011-2012 season; IA, MI, OH, RI, and UT during the 2012-2013 season; and MI, OH, and UT during the 2013-2014 through 2019-20 seasons.

Cases are identified by reviewing hospital laboratory and admission databases and infection control logs for patients hospitalized during the influenza season with a documented positive influenza test (i.e., viral culture, direct/indirect fluorescent antibody assay (DFA/IFA), rapid influenza diagnostic test (RIDT), or molecular assays including reverse transcription-polymerase chain reaction (RT-PCR)). Data gathered are used to estimate age-specific hospitalization rates on a weekly basis and describe characteristics of persons hospitalized with influenza illness. The rates provided are likely to be an underestimate as influenza-related hospitalizations can be missed if testing is not performed.

Patient charts are reviewed to determine if any of the following categories of high-risk medical conditions are recorded in the chart at the time of hospitalization:

  • Asthma/reactive airway disease;
  • Blood disorder/hemoglobinopathy;
  • Cardiovascular disease;
  • Chronic lung disease;
  • Chronic metabolic disease;
  • Gastrointestinal/liver disease;
  • Immunocompromised condition;
  • Neurologic disorder;
  • Neuromuscular disorder;
  • Obesity;
  • Pregnancy status;
  • Prematurity (pediatric cases only);
  • Renal disease; and
  • Rheumatologic/autoimmune/inflammatory conditions.

During the 2017-18 season, seven FluSurv-NET sites (CA, GA, MN, NM, NYA, OH, OR) conducted random sampling to select cases ≥50 years for medical chart abstraction, while still performing full chart abstractions of all cases <50 years. During the 2018-19 season, six sites (CA, GA, NM, NYA, OH, OR) conducted random sampling of cases ≥65 years for medical chart abstraction. All other sites performed full chart abstractions on all cases. Data on age, sex, admission date, in-hospital death, and influenza test results were collected for all cases. For each season going forward, including 2019-20, sampling for medical chart abstraction may be considered in cases ≥50 years. In early January of each season, observed case counts across all FluSurv-NET sites will be compared against predetermined thresholds to determine whether sampling will be implemented for the season.

Additional FluSurv-NET data including hospitalization rates for multiple seasons and different age groups and data on patient characteristics (such as virus, type, demographic, and clinical information) are available on FluView Interactive.

5. Mortality Surveillance

National Center for Health Statistics (NCHS) mortality surveillance data – NCHS collects death certificate data from state vital statistics offices for all deaths occurring in the United States. Pneumonia and influenza (P&I) deaths are identified based on ICD-10 multiple cause of death codes.  NCHS surveillance data are aggregated by the week of death occurrence.  To allow for collection of enough data to produce a stable P&I percentage, NCHS surveillance data are released one week after the week of death.  The NCHS surveillance data are used to calculate the percent of all deaths occurring in a given week that had pneumonia and/or influenza listed as a cause of death. The P&I percentage for earlier weeks are continually revised and may increase or decrease as new and updated death certificate data are received from the states by NCHS.  The P&I percentage is compared to a seasonal baseline of P&I deaths that is calculated using a periodic regression model incorporating a robust regression procedure applied to data from the previous five years.  An increase of 1.645 standard deviations above the seasonal baseline of P&I deaths is considered the “epidemic threshold,” i.e., the point at which the observed proportion of deaths attributed to pneumonia or influenza was significantly higher than would be expected at that time of the year in the absence of substantial influenza-related mortality.

Additional pneumonia and influenza mortality data for current and past seasons and by geographic level (national, HHS region, and state) are available on FluView Interactive. Data displayed on the regional and state-level are aggregated by the state of residence of the decedent.

Influenza-Associated Pediatric Mortality Surveillance System — Influenza-associated deaths in children (persons less than 18 years of age) was added as a nationally notifiable condition in 2004. An influenza-associated pediatric death is defined for surveillance purposes as a death resulting from a clinically compatible illness that was confirmed to be influenza by an appropriate laboratory diagnostic test. There should be no period of complete recovery between the illness and death.  Demographic and clinical information are collected on each case and are transmitted to CDC.

Additional information on influenza-associated pediatric deaths including basic demographics, underlying conditions, bacterial co-infections, and place of death for the current and past seasons, is available on FluView Interactive.

Influenza Surveillance Considerations

It is important to remember the following about influenza surveillance in the United States.

  • All influenza activity reporting by public health partners and health-care providers is voluntary.
  • The reported information answers the questions of where, when, and what influenza viruses are circulating.  It can be used to determine if influenza activity is increasing or decreasing but does not directly report the number of influenza illnesses.  For more information regarding how CDC classifies influenza severity and the disease burden of influenza, please see Disease Burden of Influenza.
  • The system consists of eight complementary surveillance components in five categories. These components include reports from more than 350 laboratories, approximately 2,600 outpatient health care providers, the National Center for Health Statistics, research and healthcare personnel at the FluSurv-NET sites, and influenza surveillance coordinators and state epidemiologists from all state, local and territorial health departments.
  • Influenza surveillance data collection is based on a reporting week that starts on Sunday and ends on the following Saturday.  Each surveillance participant is requested to summarize weekly data and submit it to CDC by Tuesday afternoon of the following week. The data are then downloaded, compiled, and analyzed at CDC. FluView and FluView Interactive are updated weekly each Friday.

    For CDC/Influenza Division influenza surveillance purposes, the reporting period for each influenza season begins during Morbidity and Mortality Weekly Report (MMWR) week 40 and ends week 39 of the following year. MMWR weeks pdf icon[65 KB, 2 Pages]refer to the sequential numbering of weeks (Sunday through Saturday) during a calendar year. This means that the exact start of the influenza reporting period varies slightly from season to season. The 2019-2020 influenza season began on September 29, 2019 and will end on September 26, 2020.

  • “Flu season” — as determined by elevated flu activity – also varies from season to season. During most seasons, activity begins to increase in October, most often peaks between December and February and can remain elevated into May. The flu season is said to have started after consecutive weeks of elevated flu activity is registered in the various CDC influenza surveillance systems.

https://www.cdc.gov/flu/weekly/overview.htm

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The Pronk Pops Show 1404, February 27, 2020, Story 1: All U.S. Stock Market Indices Correcting As Progressive Panic Propaganda Propagates Planet — Great Investment Buying Opportunities Ahead — Videos — Story 2: Chinese Communist Cough Containment Crisis Crashes Capitalism or Communism? — Are You Scared Yet — Not One Bit — Buy On The Correction and Hold On — Government Not The Answer — Government Is The Problem — Videos — Story 3: Coronavirus or COVID-19 Exposed America’s Heavy Reliance On China For Medicines — Trump Administration May Use Defense Production Act To Manufacture Protective Gear — What About Replacing Medicine, Drug and Ingredients  Imported From Communist China By Establishing American Producers in United States As In The Past? — Video

Posted on February 29, 2020. Filed under: Banking System, Biology, Blogroll, Breaking News, Budgetary Policy, Cartoons, Chemistry, China, Constitutional Law, Countries, Culture, Donald J. Trump, Donald J. Trump, Eating, Economics, Education, Elections, Empires, Employment, European Union, Fifth Amendment, First Amendment, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Religion, Freedom of Speech, Gangs, Germany, Government, Government Dependency, Government Spending, Health, Human, Human Behavior, Illegal Drugs, Illegal Immigration, Immigration, Independence, Labor Economics, Language, Law, Legal Drugs, Legal Immigration, Life, Lying, Media, Medicare, Mike Pence, Mike Pompeo, Military Spending, Monetary Policy, National Interest, National Security Agency, News, People, Philosophy, Photos, Politics, Polls, Radio, Raymond Thomas Pronk, Resources, Rule of Law, Scandals, Science, Second Amendment, Security, Social Networking, Spying, Success, Tax Policy, Terror, Terrorism, Trade Policy, Unemployment, United Kingdom, United States Constitution, Videos, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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The Pronk Pops Show Podcasts

Pronk Pops Show 1404 February 27, 2020

Pronk Pops Show 1403 February 26, 2020

Pronk Pops Show 1402 February 25, 2020

Pronk Pops Show 1401 February 24, 2020

Pronk Pops Show 1400 February 21, 2020

Pronk Pops Show 1399 February 14, 2020

Pronk Pops Show 1398 February 13, 2020

Pronk Pops Show 1397 February 12, 2020

Pronk Pops Show 1396 February 11, 2020

Pronk Pops Show 1395 February 10, 2020

Pronk Pops Show 1394 February 7, 2020

Pronk Pops Show 1393 February 6, 2020

Pronk Pops Show 1392 February 5, 2020

Pronk Pops Show 1391 February 4, 2020

Pronk Pops Show 1390 February 3, 2020

Pronk Pops Show 1389 January 31, 2020

Pronk Pops Show 1388 January 30, 2020

Pronk Pops Show 1387 January 29, 2020

Pronk Pops Show 1386 January 28, 2020

Pronk Pops Show 1385 January 27, 2020

Pronk Pops Show 1384 January 24, 2020

Pronk Pops Show 1383 January 23, 2020

Pronk Pops Show 1382 January 22, 2020

Pronk Pops Show 1381 January 21, 2020

Pronk Pops Show 1380 January 17, 2020

Pronk Pops Show 1379 January 16, 2020

Pronk Pops Show 1378 January 15, 2020

Pronk Pops Show 1377 January 14, 2020

Pronk Pops Show 1376 January 13, 2020

Pronk Pops Show 1375 December 13, 2019

Pronk Pops Show 1374 December 12, 2019

Pronk Pops Show 1373 December 11, 2019

Pronk Pops Show 1372 December 10, 2019

Pronk Pops Show 1371 December 9, 2019

Pronk Pops Show 1370 December 6, 2019

Pronk Pops Show 1369 December 5, 2019

Pronk Pops Show 1368 December 4, 2019 

Pronk Pops Show 1367 December 3, 2019

Pronk Pops Show 1366 December 2, 2019

Pronk Pops Show 1365 November 22, 2019

Pronk Pops Show 1364 November 21, 2019

Pronk Pops Show 1363 November 20, 2019

Pronk Pops Show 1362 November 19, 2019

Pronk Pops Show 1361 November 18, 2019

Pronk Pops Show 1360 November 15, 2019

Pronk Pops Show 1359 November 14, 2019

Pronk Pops Show 1358 November 13, 2019

Pronk Pops Show 1357 November 12, 2019

Pronk Pops Show 1356 November 11, 2019

Pronk Pops Show 1355 November 8, 2019

Pronk Pops Show 1354 November 7, 2019

Pronk Pops Show 1353 November 6, 2019

Pronk Pops Show 1352 November 5, 2019

Pronk Pops Show 1351 November 4, 2019

Pronk Pops Show 1350 November 1, 2019

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Story 1: All U.S. Stock Market Indices Correcting As Progressive Panic Propaganda Propagates Planet — Great Investment Buying Opportunities Ahead — Videos — </