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Fox’s Kilmeade: 60,000 Coronavirus Deaths Shows ‘How Good We Are Doing’ -

Fox’s Kilmeade: 60,000 Coronavirus Deaths Shows ‘How Good We Are Doing’Fox & Friends host Brian Kilmeade called for the American economy to quickly reopen amid downward revisions of some models projecting the coronavirus death count, saying Thursday that a now-expected 60,000 victims shows just “how good we are doing.”With one influential and highly respected modeler moving its projections down over the past few days, Fox News hosts have been clamoring for President Donald Trump to quickly reverse social-distancing restrictions in order to jumpstart the economy, claiming public health experts exaggerated the impact of the virus.Noting that Trump had originally expressed hope that the country could get going again at Easter, Kilmeade said that one model shows that the peak of the coronavirus infections will now come around that time. He then seemed to downplay the possibility of tens of thousands of more deaths.“The fact is, when someone says 200,000 people die, oops, I mean 60,000,” the Fox host declared. “And it's not going to be right away, it's going to be in August. That's how good we are doing and how off the models were.”“You have to wonder, as much as social distancing is working, I wonder if the economists are going to get in that room and say we have to stand up this economy in some way before we're not going to be able to stand when this is all said and done,” he continued.Co-host Steve Doocy, meanwhile, reminded his colleague that 60,000 coronavirus victims is still a “staggering number.”“It's a high number,” Kilmeade reacted. “But how many people are going to die as the country goes flat on its back for three months. We’re not going to look like the same country. So the economists have to have a say in this.​”As of publication, per the Johns Hopkins Coronavirus Resource Center, the United States has over 430,000 confirmed coronavirus cases and nearly 15,000 have died.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

Thu, 09 Apr 2020 11:07:19 -0400

Coronavirus: World Bank predicts sub-Saharan Africa recession -

Coronavirus: World Bank predicts sub-Saharan Africa recessionThe region's economy will shrink for the first time in 25 years because of the coronavirus, the bank predicts.

Thu, 09 Apr 2020 08:59:23 -0400

Key China coronavirus hospital says HIV drug beneficial to patients -

Key China coronavirus hospital says HIV drug beneficial to patientsChinese doctors at the primary hospital treating severe coronavirus patients in the city of Wuhan said they have been using the HIV drug Kaletra since January and believe it is beneficial, despite a previous study that it was ineffective. "We believe taking this drug is beneficial," Zhang told reporters on Thursday in reference to Kaletra.

Thu, 09 Apr 2020 07:01:27 -0400

High Noon Talks to End Global Oil-Price War -

High Noon Talks to End Global Oil-Price War(Bloomberg) -- As the coronavirus pandemic devastates the global economy, U.S. President Donald Trump, Russian leader Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman are engaged in a high-stakes poker game over ending the oil-price war in a world awash with crude.The risks are steep for all the players as the world’s largest producers hold talks today on an unprecedented accord to rein in production by 10 million barrels a day. The Group of 20 energy ministers weigh in tomorrow.Trump — long a vocal critic of the Saudi-led cartel — now wants the OPEC+ coalition to agree on cuts that push up prices and save the U.S. shale-oil industry from collapse.Putin, who sought to bankrupt U.S. shale producers when he walked away from the previous OPEC+ deal, is now ready to cut production, with the reductions reaching about 15% according to a source. This underlines the risk to Russia’s economic dependence on oil with prices near 18-year lows.Saudi production remains profitable, though the U.S. ally is under huge diplomatic pressure from Trump to strike a deal. The kingdom needs much higher prices to balance the budget.While Trump can’t order American producers to cut production, Russia wants the U.S. to contribute more than just letting market forces squeeze its output.The diplomatic wrangling means a deal is far from certain. Even if one is agreed, it may not be enough in a world where oil demand has slumped by as much as 35 million barrels a day.Global HeadlinesStimulus showdown | Senate Majority Leader Mitch McConnell plans to seek swift passage today of a $250 billion boost in small-business relief. But he risks failure without a last-minute breakthrough with Democrats who want twice as much for the slumping economy, including aid for hospitals and state and local governments. That sets up a game of chicken that’s poised to play out while seesawing financial markets will be open for trading.Read here about how the unprecedented wave of U.S. job losses is pushing the social infrastructure in the world’s biggest economy to the breaking point. Click here for an exclusive look at how Trump’s new chief of staff has rattled a White House in crisis mode.Old fractures | European finance chiefs meet again today after marathon talks failed to spur an agreement on collective assistance to cope with the impact of the coronavirus. A deal is still possible, and some officials say it’s closer than others portray it to be. But it will require a compromise that’s been elusive as the Dutch lead the resistance against Italy burdening northern Europe’s taxpayers with helping out the poorer south.U.K. Prime Minister Boris Johnson spent a third night in the critical care unit where his condition was improving, as officials draw up plans to extend Britain’s lockdown. Click here for the political risks rising for Spanish Prime Minister Pedro Sanchez. And here for the juggling act facing policy makers as they map out economic reboots.Biden’s burden | Now that rival Bernie Sanders has dropped out of the race for the Democratic presidential nomination, Joe Biden’s most urgent task will be to unify a divided party for a bruising general election fight against Trump — while the coronavirus consumes voters’ attention and halts traditional campaigning. Biden has to persuade Sanders’s impassioned supporters to work actively to help beat Trump’s well-financed operation.Turkish dilemma | Ideas that President Recep Tayyip Erdogan would have spurned just months ago are gaining traction as Turkey’s economy tumbles into a virus-triggered recession. Economists have floated printing money despite a history of runaway inflation, while a pro-government newspaper has broached the possibility of borrowing from the International Monetary Fund, an emergency lender Erdogan once branded “the world’s biggest loan shark.”Singapore’s challenge | One of the biggest obstacles facing Singapore in its fight to contain the spread of the coronavirus is the tightly packed dormitories housing thousands of low-wage foreign workers. Clusters at the facilities now account for more than 15% of the country’s 1,623 cases, according to Ministry of Health data.What to WatchNew Covid-19 cases in Italy, Spain and elsewhere in Europe are raising questions about the speed with which the region can begin to relax its stringent restrictions on public life. The coronavirus may be “reactivating” in people who have been cured of the illness after about 51 patients classed as having recovered in South Korea tested positive again. The pandemic will cost the global economy more than $5 trillion of growth over the next two years, greater than the annual output of Japan, according to Wall Street banks.Tell us how we’re doing or what we’re missing at finally ... Several G-20 leaders — including some who’ve been sharply criticized over their response to the virus — are enjoying a bump in approval ratings. Political scientists say this “rally-around-the-leader” effect is common in emergencies. Trump has seen a boost, though it’s small compared with those of Germany’s Angela Merkel and Emmanuel Macron in France. But it isn’t universal: Japan’s Shinzo Abe, Mexico’s Andrés Manuel López Obrador, and Jair Bolsonaro of Brazil have all lost popularity. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Thu, 09 Apr 2020 06:07:29 -0400

Pass the salt: The minute details that helped Germany build virus defenses -

Pass the salt: The minute details that helped Germany build virus defensesAs well as the saltshaker, in that instant, they shared the new coronavirus, scientists have since concluded. The company was thrust under a global microscope after it disclosed that one of its employees, a Chinese woman, caught the virus and brought it to Webasto headquarters. The time Germany bought may have saved lives, scientists say.

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