Here’s what you need to know about the impact of Covid-19 to navigate the markets today.
• The U.S. Postal Service has warned 46 states and Washington, D.C. that mailed ballots may not be delivered in time to be counted, according to a Washington Post report.
• The U.S. had more than 50,000 confirmed new Covid-19 infections for a second consecutive day Friday and extended a two-week streak of more than 1,000 deaths per day. The U.S. now has 5.25 million confirmed infections, with 167,253 deaths from the virus. The global infection count has increased to nearly 21 million, with 760,761 deaths, according to data compiled by Johns Hopkins University.
• President Donald Trump said Friday that
would partner with the U.S. government to distribute a coronavirus vaccine when one is approved. Speaking at a White House news conference, Trump said the joint effort was being taken under the federal government’s Operation Warp Speed, which aims to deliver Covid-19 vaccine doses to the American public. Shares of McKesson were up nearly 3% in recent trading action. Just prior to Trump’s mention of the company, the stock was up about 1.7%.
• A meeting between U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin, and Chinese Vice Premier Liu He to review the U.S.-China trade deal was delayed, according to an exclusive Reuters report. The meeting was supposed to take place by video conference on Aug. 15.
• Rent the Runway, a clothing subscription startup, has decided not to reopen its stores, the company’s president Anushka Salinas said during a CNBC interview.
• U.S. retail sales rose 1.2% in July from the June, which was below the consensus 2% estimate among analysts polled by FactSet. The modest gain followed sequential increases of 8.4% in June and 18% in May, following the 15% plunge in April.
• The U.K. government will purchase another 90 million doses of Covid-19 vaccines, including 60 million from
and 30 million from Janssen Pharmaceutica, a unit of
Johnson & Johnson.
The U.K. has now made arrangements to purchase 340 million coronavirus vaccine doses. Here’s a roundup of the latest developments in antiviral medications and vaccines.
• The European Commission announced a deal to buy 300 million doses of a Covid-19 vaccine from
with an option to purchase 100 million more, once the vaccine is proven to be safe and effective.
• European stocks fell after the U.K. added France to its quarantine list and China’s National Bureau of Statistics reported mixed news for July, including a 4.8% increase in industrial production from a year earlier and a 1.1% decline in retail sales.
• Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, suggested schools hold as many classes outside as possible, that school buses keep their windows open, and that students wear face masks, during a
Live conversation with Rhode Island Gov. Gina Raimondo.
• Fauci also said herd immunity is not feasible for Covid-19, because trying to reach it instead of maintaining safety procedures while waiting for a vaccine would lead to an “enormous” death toll. During an interview with actor Matthew McConaughey on Instagram, Fauci also discussed contact tracing and the success of smaller island nations in quelling the coronavirus.
• A federal judge ruled that a lawsuit by a group of hair salon and restaurant owners in Kansas and Missouri to make an insurance company pay for income lost because of the pandemic can move forward. The plaintiffs alleged their claims should be covered by “all risks” policies that don’t exclude losses caused by a virus. In other cases, judges have dismissed business-disruption insurance claims because those only cover losses resulting from “direct physical loss or damage.”
COVID-19 case reported at French Catholic school – BlackburnNews.com
COVID-19 case reported at French Catholic school
September 18, 2020 1:26pm
The French Catholic school board serving Windsor-Essex has reported a positive case of COVID-19.
Blackburn News has obtained a letter sent to parents of students at L’Essor Secondary School in Tecumseh, in which it was reported that a member of the school community tested positive for the virus. The letter did not disclose whether the individual was a student or a staff member.
Conseil Scolaire Catholique Providence, which includes L’Essor, said every step possible has been taken to reach everyone who may have had interaction with the person.
“We have been working with the Windsor-Essex County Health Unit by providing lists of students and staff who may have been in contact with the individual,” read the letter. “The WECHU is contacting any individuals, who have an identified high-risk exposure with the confirmed case, and will give directions to follow.”
This is the second positive case of COVID-19 reported in a Windsor-Essex school. The English Catholic board confirmed a case last week at an elementary school in Amherstburg.
Parents are asked to keep informed of developments by visiting the school board’s website.
Canadian airlines cancel hundreds of flights as hopes fade for spike in demand – Global News
Rachel Farrell can now claim the unfortunate distinction of having two destination weddings called off in one year.
The 26-year-old event co-ordinator had booked a Transat flight out of Halifax for Feb. 15, 2021, as part of her planned nuptials in the Dominican Republic, but was told this week the airline had cancelled the trip and would not make the journey until six days later.
She and her fiancee had first booked their trip package for last April, which Transat nixed after it grounded its entire fleet due to the pandemic.
“I was upset but understood that it wasn’t Air Transat’s fault, so we would wait until air travel resumed and rebook as soon as we could since refunds weren’t an option,” Farrell said.
She did that in July, rebooking the flight for February using travel credit based on the $37,000 she and her nearly two dozen guests had paid for the package.
“Even though they knowingly chose to cancel my rebooked wedding group, they still won’t give us a refund,” Farrell said, noting Transat is again offering credit.
“My travel agent has told me that even if I rebook next week, they might still push the dates further… I don’t know what to do now and all I really want is to get married.”
Banning airline passengers who refuse to comply
The problem is increasingly common, with Canadian airlines cancelling hundreds of flights as hopes for a spike in demand fall flat, snarling plans for the few passengers who remain.
Air Canada and WestJet have cancelled at least 439 flights so far this month, according to figures from flight data firm Cirium.
The cancellations come after airlines banked on a return of business travel and a continued uptick in leisure trips in the fall, says John Gradek, who heads McGill University’s Global Aviation Leadership program.
“They’ve decided since about the end of July to let loose on scheduled services and increasing the number of routes, at the same time hoping that the government will loosen up some of its restrictions. And that’s not been the case,” he said.
Now, airlines are cancelling the half-booked flights and consolidating passengers on remaining ones to cut costs.
Canadian airlines take a ‘multi-layer’ approach to COVID safety
“There has not been a take-up by the Canadian travelling public of those seats that are being offered by the carriers, so they’re cutting back those services significantly…and it’s being done piecemeal rather than being done wholesale,” Gradek said.
The letdown builds on an already devastating year.
Transat revenues fell by 99 per cent year over year last quarter, when the travel company operated flights for just one week.
Air Canada saw passenger revenues drop 95 per cent, prompting 20,000 layoffs as the airline burned through $19 million per day. WestJet has laid off about 4,000 employees since March.
Air traffic in August fell by two-thirds compared to a year earlier, according to Nav Canada, which operates air navigation across the country.
Flight consolidation does not always result in upended plans or wedding dilemmas.
“Sometimes airline schedules require minor surgery and sometimes major surgery,” said Mike Malik, head of marketing at Cirium.
Sometimes the itinerary change can mean a departure delay of an hour rather than a week.
“We know that most travellers right now are not business travellers,” Malik said. “These are VFR travellers — visiting friends and relatives. So if you’re visiting friends and relatives, you probably don’t need a 7 a.m. flight for a 9 a.m. meeting in Toronto.”
The reassurance comes as cold comfort for Darlene Hatter, who was twice slated to attend her son’s destination wedding in Costa Rica, with both flights from Toronto now cancelled.
Vouchers vs. refunds: Transportation experts weigh in on what Canadian airlines should be offering
Her son Robert Przybylski, 35, is now out $15,000, as well as the $2,800 each of his 85 guests shelled out, she said.
“It’s very frustrating,” Hatter said.
“The airlines in my opinion are taking advantage big-time of this and stomping on the little people just because they can. The government needs to step up and tell these airlines to give people their refunds.”
© 2020 The Canadian Press
London officials to Queen's Park: Tighten rules on social gatherings here – London Free Press (Blogs)
Article content continued
Premier Doug Ford indicated his willingness to grant the request by London officials.
He said his cabinet will discuss requests from mayors and medical officials from other areas of the province to extend restrictions.
“We’re going to be rolling (it) out to other areas across the province from the request of the mayors,” Ford said in Ottawa. “I listen to the medical experts. I’ll base this on the health and science.”
He also promised that his plan to address a possible second wave this fall will be released by the province next week.
Under the province’s enhanced restrictions, the fine for hosting a rule-breaking party starts at $10,000.
Mackie is anticipating the province will expand its gathering size restrictions to include the London-area in time for the weekend.
If the province doesn’t act immediately, the health unit is not ruling out issuing an order under Section 22 of the Health Protection and Promotion Act to restrict private gathering sizes, but the move would take up to a week to come into effect, Mackie said.
The decision to issue a Section 22 order would come Monday or Tuesday of next week if the province’s restrictions are not in place, Mackie said.
The health unit has reported 47 new COVID-19 cases, including 39 among Western students, in the last week and declared three outbreaks.
One outbreak is connected to post-secondary students and the downtown party scene, including the bar Lost Love. The second outbreak is linked to a large student party this past weekend that drew “dozens,” Mackie said. The third involved staff at the Walmart store in Hyde Park.
None of the 39 Western students who tested positive have required hospitalization, Mackie said.
The health unit reported 13 new cases Friday, bringing the total number of new cases in the area to 24 over the past two days — nearly the same number reported in the entire first two weeks of September.
For weeks, the daily growth in new London-area cases had held steady at about one to two each day.
The Thursday-Friday case increases are the biggest two-day jump since April 18 and 19, when the health unit reported 17 new cases each day.
“Depending on how we fare over the weekend, this could become the worst stretch of cases in London-Middlesex since the pandemic’s onset,” Mayor Ed Holder said Friday.
“Please wear a mask, physically distance, avoid large crowds. . . . We can do this, we just need more of us to do a little better.”
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