2 Bronx Schools Close After Student Tests Positive For Covid-19: Live Updates

Thursday, March 12, 2020
By Paul Martin

by Tyler Durden
Thu, 03/12/2020


Scott Gottlieb says US can still avoid “Italy-like” outcome
Reports claim once again that Merkel is ready to whip out the checkbook
EU officials condemned Trump’s travel ban
La Liga suspends season after Real Madrid player tests positive
Blackstone advises portfolio companies to draw down revolving credit lines
NHL rumored to be planning a league play suspension as playoffs begin
Passenger on JetBlue flight from NY to FLA tests positive for virus
Spanish cabinet being tested for coronavirus
Scandinavia begins shuttering schools
Iran reaches out to 3 million Iranians who may have been infected
Market participants wary of dissipating bond market liquidity
Global deaths pass 4,600
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Update (0906ET): Earlier, NYC Mayor Bill de Blasio said New Yorkers need to brace for changes like subway shutdowns amid ‘community spread’ of the virus in the city during an appearance on CNN.

Now, reports claim an NYC student has tested positive, and that school district officials are temporarily shutting down two schools. It’s the first confirmed case in the city’s schools. Gov. Cuomo said yesterday that the city and state had decided to keep schools open. The city almost never closes schools, because thousands of students depend on free and subsidized lunches for food, and would have nowhere else to go.

Over in Europe, officials in the Netherlands confirmed that the number of cases has climbed to 614 from 503 yesterday.

CNBC viewers this morning probably noticed Jim Cramer’s rant about the federal government’s response.

Update (0850ET): Former FDA Director Dr. Scott Gottlieb posted another thread of advice about the outbreak before appearing once again on CNBC’s “Squawk Box” Thursday morning. In it, he said the outbreak would last for a few more months, and that the US has the tools to mitigate the impact of the virus on both public health and the economy.

Gottlieb said it’s still possible for the US to avert an “Italy-like” outcome where deaths begin to spiral by improving testing capacity to quickly address the outbreak.

He also recommended the creation of “surge capacity” in hospitals as an influx of Covid-19 patients hammers hospitals that are already busy due to the wintertime flu and infection season.

One more thing: if you don’t want to contract the virus, remember this: “social separation works”.

According to this analysis, Trump’s latest travel ban is a step in the right direction. But much more needs to be done domestically.

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