More documents released regarding Q&As on SBA's $349 bil. loan/guarantees/grants
• U.S. extends social-distancing guidelines until end of April. President Trump on Sunday said he was extending the administration’s social-distancing guidelines for another 30 days through the end of April. The president said his earlier comments that he hoped to reopen the U.S. by Easter on April 12 were “just an aspiration.” In the end, President Trump followed the advice of medical experts.
• Trump, speaking at a news conference in the White House Rose Garden, said the peak of the death rate from the new coronavirus was expected to hit in two weeks. Trump predicted the country would be on its way to recovery by June 1. “Nothing would be worse than declaring victory before victory is won,” he said. “It’s very important that everybody strongly follow the guidelines.”
• FEMA helping states stock up needed supplies. Trump said the Federal Emergency Management Agency (FEMS) brought 80 tons of personal protective equipment to New York on Sunday, including 130,000 N95 respirators, 1.8 million face masks and gowns, 10.3 million gloves and more than 70,000 thermometers. FEMA has scheduled 19 additional flights, and Trump said he hopes to have 51 flights in total. “Many of the states are stocked up,” Trump said. “Some of them don’t admit it.” FEMA will provide the majority of the supplies to New York, New Jersey and Connecticut, with the rest going to nursing homes in the area and other high-risk areas across the country, a White House spokesman said. The Department of Health and Human Services has estimated that the U.S. will require 3.5 billion masks in the event of a pandemic lasting a year.
The president called on journalists and state officials to investigate the high volume of protective masks being ordered by hospitals, suggesting hospital workers were mismanaging the supply of masks. “Where are the masks going?” Trump asked, adding later, “I don’t think it’s hoarding. I think it’s maybe worse than hoarding.”
Trump on Sunday met with executives from about a half-dozen medical supplies producers and distributors and executives from United Parcel Service Inc. and FedEx Corp., to discuss how to address the shortage of supplies.
• The Federal Reserve is preparing “to charge into credit and fiscal policy that it normally leaves to elected officials,” the Wall Street Journal reported.
• The U.S. death toll from the Covid-19 disease caused by the new virus reached 2,191 on Sunday, with nearly 700 in New York City, according to data compiled by Johns Hopkins University. Globally the death toll quintupled over the past two weeks to 30,852, with more than two-thirds of the fatalities in Europe.
• Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said on CNN Sunday that projections he has examined showed the disease would kill between 100,000 and 200,000 Americans and infect possibly millions. “What we’re trying to do is not let that happen,” Dr. Fauci said at a White House press conference Sunday. “We have a very difficult problem here,” he said. “We’re going to see places like Detroit and other cities starting to get into trouble.”
• Peter Navarro, the Trump administration adviser overseeing wartime powers forcing businesses into the fight against the pandemic, said the full arsenal of measures are on the table, from raids on warehouses to compelling suppliers to retool factories.
• In Florida, Gov. Ron DeSantis instructed all people entering the state from the New York tri-state area to self-quarantine for 14 days. A violation could mean up to a 60 day jail sentence and fines of up to $500.
• Public health resources:
Link to latest information from the Centers for Disease Control and Prevention. (CDC)
Link to reports and updates from the World Health Organization. (WHO)