Cuomo Warns “More People Are Going To Die” As New York Case Total Tops 100k: Live Updates

Friday, April 3, 2020
By Paul Martin

by Tyler Durden
ZeroHedge.com
Fri, 04/03/2020

Summary:

US nonfarm payrolls was an unmitigated disaster.
Russia reports drop in cases after extending quarantine
NY COVID-19 cases top 100k
Bolsonaro urges country to “go back to work” as Brazil’s governors say opposite
Brazil says first COVID-19 case and death in South American happened 1 month earlier
Beijing says more than half of foreign diplomats identified as close contacts of COVID-19 patients
Japan sees resurgence of cases continue
UK reports biggest daily jump in deaths
Thousands of small business owners excluded from ‘Paycheck Protection Program’
Spain, Germany report encouraging deceleration in new cases
Singapore launches strict 14-day lockdown to fight virus resurgence
Trump slams 3M on twitter
400M in loans doled out
Bank of America becomes first big bank to issue loans via the plan
Mnuchin confirms ‘Paycheck Protection Plan’ is a go
Tokyo mayor warns about resurgence of cases on CNN
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Update (11:50ET): As thousands of small and medium sized business owners find out that they aren’t eligible for the ‘Paycheck Protection Program’ bailouts, Mnuchin has opted to continue tweeting dollar amount updates to show that loans are indeed being processed.

The market is paying close attention now, so let’s keep those bullish headlines coming, Steve.

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Update (1110ET): NY Gov. Andrew Cuomo kicked off Friday morning’s press conference with some somber news: the number of positive coronavirus cases confirmed in the state of New York has surpassed 100k. He went on to explain that NY has been so badly impacted because so many foreign visitors travel there, meaning that before Trump finally barred all foreign travelers, many little outbreaks were likely started by travelers from Europe and elsewhere.

Meanwhile, Cuomo reported another 562 deaths over the last 24 hours, bringing the statewide total to 2,935. That’s the largest jump in deaths yet.

Watch Cuomo live below:

As NYC hospitals reach maximum capacity on both ICU and regular hospital beds, forcing Cuomo to move COVID-19 patients to the Javits Center, which had initially been designated as an ‘overflow’ facility, Cuomo reiterated gripes about the inability of states to purchase vital medical equipment from China (though China has selectively allowed some orders to leave through the red tape they’ve suddenly thrown up). Though Cuomo said he is working with Alibaba to procure supplies for the state.

Using some of his most strident language yet, Cuomo warned that “people are going to die” if New York State doesn’t get the ventilators and other vital medical equipment that it needs, and that the state is willing to pay up for this equipment. As for the federal stockpile, Cuomo reiterated that the doesn’t believe there’s enough to help all the states.

That said, Cuomo acknowledged that there are private businesses in the state that have ventilators that they still haven’t turned over to the public effort. Cuomo promised that either the equipment would be returned, or the lenders would be reimbursed.

ā€œIā€™m not going to be in a position where people are dying and we have several hundred ventilators in our own state somewhere else,ā€ Cuomo said.

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