New York City Mayor Bill de Blasio told residents he believes more than 4 million of them will contact the coronavirus by the fall.
The Mayor and his Health Commissioner, Dr. Oxiris Barbot, think a 50% infection rate is the low end of the effect of the Covid-19 pandemic. As of Wednesday New York City has more than 20,000 cases with almost 300 deaths.
Mayor de Blasio in a press briefing said, “It’s a fair bet to say that half of all New Yorkers and maybe more than half will end up contracting this disease.”
Since I’m sitting in New York, I may be guilty of focusing too much on the situation here, however the Big Apple is the epicenter of the outbreak in the US right now.
The shelter in space orders for residents seems to be adhered to quite well, but still the area hospitals are being over run with new cases. However neither the city or state health officials are providing specific information on where in the city the infection is hitting the hardest.
I’m sure the data is there to provide further information for residents, but I’m not sure why it is not provided.
Neighboring Nassau County has a daily updated map on where in the county confirmed cases reside. New York City or the state does not even breakout numbers for the individual counties comprising the Big Apple.
I am scouring the city and state emergency sites to get information on the drug trial that began on Tuesday with using hydroxychloroquine, Azithromycin and zinc to see if there are similar results to other trials. So far no word.
At 6AM Thursday Dow futures appear to be giving up half of yesterday’s gains after posting the first back-to-back up days since mid-February.
Perhaps the market believes that House Speaker Nancy Pelosi will do something that blows up the Covid-19 aid bill that was unanimously passed by the Senate on Wednesday.
I will come back later today with an alternative thought on the origins of the pandemic.