Month: October 2020

U.S. stocks dropped on Wall Street Monday, losing 650 points in their worst day since early September. The Dow Jones Industrial Average closed the day down 650.19 points, or 2.29%, for its worst day since Sept. 3 after falling by as much as 890 points earlier in the day. The S&P 500 was down about 1.86% and the Nasdaq Composite fell 1.64%.

Analysts say stocks tumbled in part due to the rising number of COVID-19 cases in the United States and the lack of additional stimulus to aid businesses and Americans. There were about 300,000 new cases nationwide between Thursday and Monday.

Rising cases caused travel stocks to sink. Royal Caribbean dropped 9.65% and Norwegian Cruise Line declined 8.45%, while United Airlines fell 7.02% and American Airlines slid 6.35%.

The House passed a new round of aid months ago but the Senate has failed to reach a consensus and weeks of negotiations between Democratic lawmakers and White House officials have failed to produce an agreement.

Stocks have their worst day in a month as virus cases surge

Via abcnews.go.com

The stock market had its worst day in a month as virus cases surge and help for the economy from…

10/26/2020 5:18 PM

 

After the city recorded a roughly 200 percent increase in hospitalizations in less than a month, El Paso, Texas has turned its convention center into a field hospital and is asking residents to stay at home for two weeks. The spike in hospitalizations came as much of the United States saw a rise in the spread of coronavirus. Texas’ neighbor New Mexico recorded 4,252 new cases last week. 

In El Paso, a border city of more than 680,000, the number of hospitalizations recorded in the last three weeks jumped from 259 to 786, according to the city’s director of public health, Angela Mora. In a statement, Mora warned that local health services and hospitals will remain strained for people suffering non-coronavirus emergencies like heart attacks, strokes and car accidents. “If we continue on this trend, we risk detrimental effects to our entire healthcare system,” Mora said. “For the sake of those hospitalized and the frontline healthcare workers working tirelessly each day to care for them, we ask you to please stay home for two weeks and eliminate your interactions with those outside your household until we can flatten the curve.”

People who don’t follow new local health orders requiring masks and social distancing will face fines, the public health department said in a news release on Sunday. In a separate statement, the office of Texas Gov. Greg Abbott said that El Paso’s convention center is set to open this week as a hospital with a capacity of as many as 100 beds. State officials were also deploying auxiliary medical units to local hospitals that can provide another 100 beds each, the statement said.

El Paso reports 517 new COVID-19 cases; more than 11,000 active cases

Via www.msn.com

El Paso health officials announced 517 new COVID-19 … “In less than three weeks…

10/25/2020 12:49 PM

 

Editorial credit: michelmond / Shutterstock.com

After the city recorded a roughly 300% increase in hospitalizations in less than a month, El Paso, Texas has turned its convention center into a field hospital and is asking residents to stay at home for two weeks. The spike in hospitalizations came as much of the United States saw a rise in the spread of coronavirus. Texas’ neighbor New Mexico recorded 4,252 new cases last week. 

In El Paso, a border city of more than 680,000, the number of hospitalizations recorded in the last three weeks jumped from 259 to 786, according to the city’s director of public health, Angela Mora. In a statement, Mora warned that local health services and hospitals will remain strained for people suffering non-coronavirus emergencies like heart attacks, strokes and car accidents. “If we continue on this trend, we risk detrimental effects to our entire healthcare system,” Mora said. “For the sake of those hospitalized and the frontline healthcare workers working tirelessly each day to care for them, we ask you to please stay home for two weeks and eliminate your interactions with those outside your household until we can flatten the curve.”

People who don’t follow new local health orders requiring masks and social distancing will face fines, the public health department said in a news release on Sunday. In a separate statement, the office of Texas Gov. Greg Abbott said that El Paso’s convention center is set to open this week as a hospital with a capacity of as many as 100 beds. State officials were also deploying auxiliary medical units to local hospitals that can provide another 100 beds each, the statement said.

El Paso reports 517 new COVID-19 cases; more than 11,000 active cases

Via www.msn.com

El Paso health officials announced 517 new COVID-19 … “In less than three weeks…

10/25/2020 12:49 PM

Editorial credit: michelmond / Shutterstock.com

In a procedural vote on Sunday, Senate Republicans voted to advance the process to confirm Amy Coney Barrett’s nomination to the Supreme Court. The Senate voted 51-48 to break a Democratic filibuster of Barrett’s nomination, setting up a final vote to confirm President Donald Trump’s selection to replace the late Justice Ruth Bader Ginsburg on Monday. Just 51 of the 53 Republicans in the Senate must vote in favor of Barrett’s confirmation to secure her spot on the court.

Barrett’s confirmation would give conservatives a 6-3 ideological majority on the Supreme Court and her nomination has faced resistance from Democrats who believe the decision of filling Ginsburg’s seat on the court should be made by the winner of November’s election. Democratic presidential nominee Joe Biden has warned that Barrett’s confirmation could spell an end for the Affordable Care Act and ohers have expressed concern that a conservative majority may threaten the landmark abortion case Roe vs. Wade.

Senate votes to advance Barrett; confirmation expected Mon

Via abcnews.go.com

The Republican-led Senate has voted to advance Supreme Court nominee Amy Coney Barrett toward…

10/25/2020 7:25 PM

 

Editorial credit: Johnny Silvercloud / Shutterstock.com