- World suffers 3rd straight record jump in COVID-19 cases
- US sees deaths leading 800 for 3rd straight day
- US reports 2nd straight record dive
- Philippines reports daily record
- Ariz Gov orders indoor dining at max 50% capability
- Texas Gov warns outbreak going to get even worse, pleads with people to wear masks
The marketplace’s torrid healing rally has actually encountered some more resistance today as an enormous retail-driven market bubble in China and a resurgence of US deaths linked to COVID-19(most of which are happening in the Sun Belt) has stoked fears that we might have lastly come to the top of another down-slope as the reality of enormously inflated assessments accompanied by the unavoidable go back to lockdown, as the deaths that former FDA head Scott Gottlieb has cautioned about during his early morning appearances on CNBC lastly start to emerge.
Investors appeared to concentrate on the number of deaths reported on Thursday, which eclipsed 800 for the 3rd day in a row, pushing the 7-day average to levels that we have not seen considering that early June.
According to Reuters, the United States reported 60,565 new COVID-19 cases on Thursday, a record-breaking tally for the 2nd day in a row. There was, as usual, some argument on the numbers, as AFP tweeted that the record amount reported yesterday was higher than 65,000, citing Johns Hopkins data.
Internationally, we saw 227,038 new cases yesterday, the third consecutive record.
Those numbers were mainly driven by the “Huge 4” states – Texas, Florida, California, Arizona – as Florida reported a record 120 deaths, as we reported the other day, and California had 136 brand-new deaths, just listed below the record sum it reported the day in the past, according to the tally. Texas reported a record variety of new cases north of 10 k.
However almost similarly as depressing are the multiplying signs that the outbreak is spreading to other states in the Midwest and South which have not seen the level of spread as the most troubled Sun Belt states.
Even outside the nation’s three most populated states, cases are increasing.
As Bloomberg reported, the Sun Belt states are seeing their highest levels of deaths yet (though many are nowhere near the mortality rates seen in New York previously this year). Still, the virus is overrunning hospitals and tiring materials.
The Other Day, AZ Gov Doug Ducey revealed procedures including increasing screening capacity (screening throughout the country has actually continued to expand, though in lots of sun belt states, it hasn’t been almost quickly sufficient to prevent hours-long lines) and limiting dine-in capability to 50%.
In Mississippi, where many lawmakers are withstanding using masks, 26 of them tested favorable, including the leaders of both legislative chambers.
” We’re not in an excellent circumstance. That may be a little too mild. Probably what I really believe is not fit to print,” said Jaline Gerardin, a professional in disease modeling and an assistant teacher of preventive medication in epidemiology at Northwestern University Feinberg School of Medicine in Chicago. “I’m extremely worried.”
Ariz. has seen a 50% jump in the variety of brand-new cases reported daily over the last 3 weeks. Governor Ducey said Thursday: “We have had a ruthless June.”
On The Other Hand, more Republican guvs are pleading with the general public to take steps like using masks when in public. In Kentucky, which is now reporting at least 200 or two brand-new cases a day, Gov Andy Beshear said he would buy mask-wearing statewide start 5pmET.
Of course, the US isn’t the only nation having problem with a troubling resurgence. In Asia, Tokyo, Hong Kong, the Philippines (which reported another single day record of brand-new cases previously on Friday) and Indonesia are all fighting with brand-new clusters (or outbreaks that never ever actually went away).
Simply take a look at those curves (source: BBG):
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