Democratic presidential nominee Joe Biden delivers his acceptance speech on the fourth night of the Democratic National Convention from the Chase Center on August 20, 2020 in Wilmington, Delaware.
Getty ImagesHere’s what you need to know about the impact of Covid-19 to navigate the markets today.
• Democratic presidential nominee Joe Biden said in an interview that will air Sunday night that he would shut down the U.S. to stop the spread of coronavirus if such a move were recommended by scientists. “I would shut it down; I would listen to the scientists,” Biden said in an ABC News interview taped on Friday with his running mate Sen. Kamala Harris. “I will be prepared to do whatever it takes to save lives because we cannot get the country moving until we control the virus,” he said. “That is the fundamental flaw of this administration’s thinking to begin with. In order to keep the country running and moving and the economy growing, and people employed, you have to fix the virus, you have to deal with the virus.”
• President Donald Trump will hold a press conference Sunday at 6 p.m. ET, along with Health and Human Services Secretary Alex Azar and the head of the Food and Drug Administration, Dr. Stephen Hahn, White House press secretary Kayleigh McEnany posted on Twitter Saturday night. McEnany said that the press conference would address a “major therapeutic breakthrough” for treating Covid-19. President On Saturday, Trump accused members of the “deep state” at the Food and Drug Administration of slowing testing of possible Covid-19 vaccines so that they wouldn’t be approved until after the November presidential election. He made that accusation after Reuters reported on Thursday that a top FDA official said he would resign if the Trump administration approved a vaccine before clinical trials showed it was safe and effective.
• The Democratically-controlled House of Representatives voted late Saturday night to approve $25 billion in additional funding for the U.S. Postal Service and prohibiting cuts at the USPS until January. Its extremely rare for the House to hold a Saturday-night vote in August and the move is a reflection of Democrats’ concerns about that delays in mail service could harm Americans’ ability to vote by mail in the November election, when tens of millions more voters are expected to request absentee ballots due to concerns about the safety of voting in person.
• Rampaging forest fires in California have charred over 1 million acres, forced tens of thousands of people to evacuate their homes and killed at least five people. The blazes have not been contained and some firefighters are working 24-hour shifts in an effort to get them under control. Two of the fires, one in the northern Bay Area and another east of San Jose, are over each 300,000 acres and are two of the state’s three largest wildfires ever recorded. Gov. Gavin Newsom has declared a state of emergency as the state faces more dry thunderstorms, which bring lightening but little rain, threaten to kick off more fires over the next few days.
• TikTok is planning to filing a lawsuit this coming week challenging President Trump’s executive order that would ban the popular video-sharing app unless it is sold to an American company, The Wall Street Journal reports. The company will claim that the order, which it wasn’t consulted on before it was signed, did not follow due process. The President signed the executive order requiring TikTok to find a U.S. buyer in 45 days on Aug. 6 and then signed another order on Aug. 14 requiring any transaction to be completed within 90-days.
***
Write to Ben Walsh at ben.walsh@barrons.com
"Shut" - Google News
August 23, 2020 at 11:53PM
https://ift.tt/3hplkvd
News Update: Joe Biden Says He Would Shut Down U.S. if Needed - Barron's
"Shut" - Google News
https://ift.tt/3d35Me0
https://ift.tt/2WkO13c
Bagikan Berita Ini
0 Response to "News Update: Joe Biden Says He Would Shut Down U.S. if Needed - Barron's"
Post a Comment