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4-8 Morning Headlines: NY Has Worst Coronavirus Day; Trump Threatens WHO; Americans Hoarding Cash!

New York had its worst coronavirus day yet. Seven hundred thirty-one people died in the state [1] on Tuesday, with the death toll in New York City surpassing 4,000 to date—more than the number of people who died on 9/11. State officials are cautiously optimistic that hospitalizations are leveling off.

Donald Trump threatened to pull funding from the WHO. The US president yesterday accused the global health body [2] of being “very China-centric.” Trump also removed an official who was to oversee the government’s $2.3 trillion coronavirus response.

Zoom is being sued by one of its shareholders. Michael Drieu accused the company [3] yesterday of damaging its stock by overstating privacy standards. The video conferencing tool, suddenly the most popular app of all, has faced weeks of criticism over security.

Americans are hoarding cash. New data reveals that the number of benjamins in physical circulation is up [4], with the growth at a level not seen since the Y2K frenzy. Balances in checking and savings accounts are also up by double digits, as fears of a recession mount.

Democrats in Wisconsin queued for hours. Thousands risked their health yesterday [5] to cast their ballots in the primary. Results are due on Monday, and many voters are furious about the state’s decision not to postpone.

Boris Johnson spent a second night in intensive care. The UK prime minister is receiving oxygen support but isn’t on a ventilator [6], and remains in “stable” condition, Downing Street said yesterday. In Britain and elsewhere, the emergency line of succession isn’t clear.

Wuhan emerged from its lockdown. For the first time since January, its 11 million residents can now travel in and out of the city [7] if they have an all-clear on a government-sanctioned health app. Schools remain shut, and people are still advised to stay home as much as possible.

WeWork sued SoftBank. The Japanese investor had abandoned a $3 billion deal, citing the pandemic and ongoing criminal and civil investigations [8], as reasons for pulling out. The office rental company is in even bigger trouble now that nobody needs a new workspace.

 

This piece was written by Wayne Dupree on April 8, 2020. It originally appeared in WayneDupree.com [9] and is used by permission.

Read more at WayneDupree.com:
Report: Researchers Say they Found an FDA-Approved Drug that May Kill Coronavirus in “Under 48 hours” [10]
[VIDEO] Certified NY Doctor Warns “We Are Treating The Wrong Disease & Doing More Wrong Than Good” [11]
Report: DOJ Just Put CNN and White House Correspondents’ Association in It’s Place With Blistering Decision  [12]