Widespread Panic for No Reason? White House Expert Says a Second Wave of Coronavirus Cases ‘Isn’t Coming’
By NBC News. White House economic advisor Larry Kudlow told CNBC on Monday that a “second wave” of coronavirus cases isn’t coming and that lawmakers will likely develop another stimulus package by the end of next month.
Asked by “Squawk Box” co-host Becky Quick how he’s thinking about resurgences of Covid-19 cases in several states, Kudlow said he isn’t too concerned.
“There is no second wave coming. It’s just hot spots. They send in CDC teams, we’ve got the testing procedures, we’ve got the diagnostics, we’ve got the PPE. And so I really think it’s a pretty good situation,” said Kudlow, director of the National Economic Council and chief economic advisor to President Donald Trump.
“Actually, I think nationwide the positivity rate is still quite low, well under 10%.”
His comments came after the U.S. reported more than 30,000 new infections on Friday and Saturday, the highest daily totals since May 1, according to Johns Hopkins University data. New cases are rising in states in the South, West and Midwest, including Florida and South Carolina, which last week broke their single-day totals three days in a row. (Read more from “Widespread Panic for No Reason? White House Expert Says a Second Wave of Coronavirus Cases ‘Isn’t Coming’” HERE)
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Wall Street Journal Editorial Board: Dems Pushing Strict Lockdowns Run Most States With Highest Jobless Rates
By Fox News. . .The national jobless rate was 13.3 percent in May, but 10 states still have unemployment rates above 15 percent. From highest down, they are: Nevada (25.3 percent), Hawaii (22.6 percent), Michigan (21.2 percent), California, Rhode Island and Massachusetts (16.3 percent), Delaware (15.8 percent), Illinois and New Jersey (15.2 percent), and Washington state (15.1 percent).
. . .Nine of the 10 states with the highest jobless rate are run by Democrats, who have tended to demand that the economy should stay locked down and in some cases are still resisting opening. One exception is Colorado, where Democratic Gov. Jared Polis was one of the first to reopen. His decision is paying off as Colorado’s jobless rate in May fell to 10.2 percent from 12.2 percent in April. (Read more from “Wall Street Journal Editorial Board: Dems Pushing Strict Lockdowns Run Most States With Highest Jobless Rates” HERE)
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