New U.S. Cases Top 50,000 for the First Time in Five Days Rising trend prompts some U.S. states to impose more anti-Covid-19 measures
(…) In Boston, after new virus cases rose by more than 4%, officials there on Wednesday said they would suspend the reopening of public schools. In Wisconsin, Gov. Tony Evers issued an emergency order limiting indoor public gatherings to no more than 25% of a building or room’s legal occupancy, after declaring that the state had become a “hot spot” for new infections. (…)
France reported a daily record of nearly 19,000 new infections on Wednesday while hospitalizations also began to Mount. President Emmanuel Macron announced new restrictions to contain the spread of the virus, including ordering bars and restaurants in major cities to close by 10 p.m. (…)
Scotland’s government has already moved to close all bars and restaurants serving alcohol in the densely-populated central belt spanning the two largest cities, Glasgow and Edinburgh, and advised against unnecessary travel. (…)
Russia reported 11,493 new cases on Thursday, just shy of the record daily high of 11,656 cases on May 11. (…)
Eli Lilly & Co. said it has requested U.S. authorization for the emergency use of an experimental antibody-based treatment for people with recently diagnosed, mild-to-moderate Covid-19. Lilly said it is manufacturing doses of the drug, which was derived from a blood sample of one of the earliest U.S. survivors of Covid-19, and could have 100,000 doses this month and as many as one million by the end of the year. If cleared for use, the drug could be the first to treat less severe cases of Covid-19.
- The pace of coronavirus infections increased last week in 23 states plus D.C., and only declined in four states and Puerto Rico, Axios’ Sam Baker writes.
Data: The COVID Tracking Project, state health departments. Map: Andrew Witherspoon, Sara Wise/Axios
- Goldman Sachs’ take:
Daily new coronavirus cases in the US are on the rise. After falling steadily from mid-July through mid-September, daily cases have crept up over the past few weeks with counts now increasing in the vast majority of states compared to one and two weeks ago. (…) hospital capacity has for the most part remained above critical levels, though in many states available capacity is below the federal government’s recommended level of 30%.
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Deaths triple those from flu and pneumonia in England and Wales
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Borrow to fight economic impact of pandemic, says World Bank’s chief economist ‘First fight the war, then figure out how to pay for it,’ warns longtime debt critic Carmen Reinhart
U.S. auto suppliers scramble to fill factory jobs Millions of U.S. workers have lost their jobs to the pandemic, but in the auto industry, suppliers are scrambling to find enough people to staff production lines, resorting to such approaches as rewards for good attendance and at-work teachers to lure job seekers.
(…) The U.S. auto industry usually is the first in and the last out of an economic slump. The coronavirus crisis is different. Demand for new vehicles has rebounded. But fears of catching COVID-19 and problems caring for school-age children are keeping many workers at home, compelling employers to raise pay despite the high national jobless rate, industry executives said.
A rebound in demand? Yes, but no:
So why are they desperate for workers?
Many suppliers are dealing with absenteeism rates of 10-15%, said Brian Collie, head of Boston Consulting Group’s global auto practice. That has led the United Auto Workers to give the Detroit automakers more latitude on using temporary workers to cover for absent full-time employees, union President Rory Gamble told Reuters. (…)
Hourly pay in the auto sector has crept up to $28.21 in September from $27.65 in July and $27.57 a year ago, according to the U.S. Bureau of Labor Statistics. Meanwhile, overtime at auto parts plants jumped to higher levels than before the outbreak, averaging 4.3 hours a week in August, up from 3.8 hours in January and February.
“The hottest topic has been wage, wage, wage,” said Dan Spallone, a vice president with staffing company Adecco ADEN.S who works with Midwest manufacturers. “There has to be return on investment for candidates to re-enter the workforce.” He said he has seen pay for plant workers rise as much as $5 an hour. (…)
Like most companies, Mubea pays hiring and referral bonuses of as much as $2,000. Sheehan has also authorized fees as high as $4,000 to hire temporary workers who impress. (…)
“They’re terrified of the upcoming flu season because they’re not staffed today,” she said of companies.
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