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Second Wave Shatters COVID-19 Records All Across Europe As France Tops 40k New Cases

COVID-19 Records Shattered Across Europe As France Tops 40k New Cases: Live Updates

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COVID-19 Records Shattered Across Europe As France Tops 40k New Cases: Live Updates Tyler Durden Thu, 10/22/2020 - 15:16

Summary:

  • France, Italy report new records
  • France expands curfew to cover 2/3rds of population
  • Netherlands, Denmark suffer records
  • Chicago orders 'business curfew'
  • Sweden caps night club attendance
  • Florida cases top 5,550
  • Ohio suffers new record
  • Germany, Romania, Poland and Hungary report new records
  • US hospitalizations at 2 month high
  • Brazil says AZ-Oxford trials to continue
  • EU puts pressure on WHO for more transparency
  • South Korea sees rise in cases
  • Spain warns outbreak "out of control"

* * *

Update (1500ET): More records are being set in Europe Thursday.

France reported more than 40,000 new cases on Thursday (41,622 to be exact), a new record, as French health authorities prepare to expand restrictions beyond Paris and the eight other metro areas where the virus is gaining momentum.

The new curfew measures will cover 2/3rds of the population, doubling the number affected to roughly 46 million.

Ireland, meanwhile, is beginning its 6-week lockdown on Thursday.

New highs were also reported in the Netherlands and Greece on Thursday. In Greece, Prime MInister Kyriakos Mitsotakis announced on Thursday that there would be a curfew in place between 1230 and 0500 in Athens and second-city Thessaloniki.

The Netherlands reported 9,283 new infections, topping 9k for the first time, while in Denmark, officials reported 760 new cases over the last 24 hours, also a record.

Finally, after photos of people partying in Stockholm caused a stir, the Swedish government has enacted a cap on the number of patrons allowed inside nightclubs at 50.

Greece reported a third straight record with 882 new cases bringing the total to 28,216. It also reported 15 more deaths, bringing its death toll to 549.

Florida posted 5,558 new cases on Thursday, its highest daily tally since mid-August.

* * *

Updates (1400ET):  As COVID-19 cases continue to climb across the Midwest, Chicago Mayor Lori Lightfoot announced Thursday that the city would be imposing a "business curfew" on bars and restaurants preventing them from serving anybody after 10pm. All nonessential businesses, in fact, will face a 6am to 10pm curfew.

Lightfood said the surge in Chicago's positivity rate over the past week, from just 4.6% to 7%, has given her no other choice. She added that she would "not be shocked"  if growing case numbers forced her to implement more emergency measures as time went on.

Elsewhere in the Midwest, Ohio Gov. Mike DeWine reported a single-day record for the state.

Gov. DeWine also announced five new "red" counties, bringing the total number of 'red' counties to 38, the largest number yet in the state, as cases and hospitalizations soar.

The governor blamed social gatherings and family get-togethers as the primary drivers of the spread, which doesn't bode well ahead of the holiday season.

COVID-19 cases have been surging across the American Midwest, and Europe, which also saw a number of Central European countries, among the hardest hit on the continent, report fresh records on Thursday.

* * *

Thursday is shaping up to be another rough session for Europe in terms of COVID-19, as Germany just reported more than 10,000 new cases (a new record) for one of Europe's best performers, along with Hungary, Romania and Poland, which all reported fresh record numbers of new cases as well.

While cases continued to decline in India, the state of West Bengal notably bucked the trend on Thursday when it reported 4,069 new cases, its biggest daily tally yet, after a major Hindu street festival brought thousands together across the region. All told, India reported just 55,639 new cases in the past day, up from 54,044 the day before. India's death toll jumpd by 702 to 116,616.

Finally, in the US, the number of COVID-19 patients occupying American hospitals hit 40,000 for the first time since August, according to a Reuters tally. The milestone comes as midwestern states like Wisconsin, North Dakota and South Dakota lead the third wave of the US outbreak. Hospitals have seen the number of patients climb 36% over the past 4 weeks. New York reported more than 2,000 cases in a day yesterday for the first time since May.

After a patient enrolled in AstraZeneca's COVID-19 vaccine trial reportedly died, authorities in Brazil said they wouldn't pause the trial, run by AZ and the University of Oxford, after the death of the volunteer. The volunteer was said to be a Brazilian who had received the placebo, suggesting that his death wasn't related to COVID-19 or the trial.

Here's some other big COVID-19 news from overnight and Thursday morning:

German Health Minister Jens Spahn tested positive for the coronavirus, the health ministry says, adding that he had placed himself in home quarantine (Source: Nikkei).

The European Union wants the World Health Organization to become more transparent about how countries report emerging health crises, a draft proposal on reforming the U.N. agency says, according to Reuters. The paper, drawn up by the German government after discussions with other member states following criticism of China's initial handling of the COVID-19 pandemic, is the latest to outline the EU's monthslong plans to address WHO's shortcomings on funding, governance and legal powers (Source: Nikkei).

Tokyo reports 185 new infections, up from 150 the previous day and bringing the capital's total to 29,520.

India's COVID-19 tally tops 7.7 million after 55,839 new cases were reported in the past 24 hours, up from 54,044 the previous day. The death toll jumped by 702 to 116,616.

South Korea confirms 121 new cases, up from 89 a day ago. Total infections reach 25,543 with 453 deaths.

Romania reported a record 4,902 new coronavirus cases in the past 24 hours, bringing the total number of infections to over 196,000. It also registered 98 deaths, the highest daily toll so far. The total number of fatalities stands at 6,163 (Source: Bloomberg).

India’s government has set aside about 500 billion rupees ($7 billion) to vaccinate the world’s most populous nation after China against the coronavirus, according to people with knowledge of the matter (Source: Bloomberg).

Poland registered 12,107 new coronavirus cases in the past 24 hours, a 21% jump from the previous record set a day ago, according to data published by the Health Ministry on Thursday. The death toll in the country of 38 million rose by a record 168 to 4,019. The government is due to announce further restrictions on Thursday in its battle against the pandemic. Slovenia reported a record 1,663 daily infections while the number of hospitalized patients doubled in the past 10 days to 357 (Source: Bloomberg).

One day after becoming the first European country to top 1 million cases, Spain warned that the spread of coronavirus is out of control in certain parts of the country, according to Health Minister Salvador Illa. "We are in the middle of a second wave, it’s no longer a threat but rather a reality," Illa said in an interview on Madrid-based Onda Cero radio. "In some parts of our country the epidemic isn’t under control, so we need to take more drastic measures (Sources: Bloomberg).

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LAPD Targets “Follow-Home” Robbery Crime Wave

LAPD Targets "Follow-Home" Robbery Crime Wave

Authored by Jill McLaughlin via The Epoch Times,

Police are ramping up efforts to crush an escalating wave of violent crime in the Los Angeles area targeting popular shopping districts, wealthy..

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LAPD Targets "Follow-Home" Robbery Crime Wave

Authored by Jill McLaughlin via The Epoch Times,

Police are ramping up efforts to crush an escalating wave of violent crime in the Los Angeles area targeting popular shopping districts, wealthy residents, and celebrities.

A spate of “follow-home” robbers turned deadly this week, resulting in the murder of a 23-year-old man outside of a restaurant on Sunset Boulevard Nov. 23.

The Los Angeles Police Department (LAPD) responded to the homicide by announcing the formation of a “Follow Home Task Force.” The county sheriff also declared his intention to do what it took to stop the growing trend.

Violent crimes are on the rise in Los Angeles. Area law enforcement reported an increase of nearly 4 percent since 2019, according to the latest law enforcement numbers released in October.

Police Chief Michel Moore said gang violence was an underlying influence.

The department had identified 133 robberies connected to the trend of suspects following victims home from Melrose Avenue, the Jewelry District, and high-end restaurants and nightclubs, Moore said this week.

“The victims were being targeted based on the high-end jewelry they were wearing or the high-end car they were driving,” the LAPD said in a Nov. 24 release.

Last week, the LAPD reported that six gangs were involved in the violent “follow-home robberies” spree.

“When we look at the underlying influences of that street violence … Those involved with gangs continue to be the highest area of concentration,” Moore told NBC Los Angeles in June.

Los Angeles, nicknamed the “Gang Capital of America,” has about 450 active gangs operating in the county, the LAPD reported in September.

Street gangs were involved in a 37 percent increase in murders by June, Moore told reporters, adding that he believed the overall spikes in killings and shootings were related to the effects of the coronavirus pandemic.

The city has seen a 49 percent increase in homicides, recording 325 in the first 10 months this year, and a 16 percent jump in aggravated assaults.

The number of people shot climbed to 1,203 by Oct. 23—a 50 percent jump since 2019—according to the report. The number of shooting victims was about 122 a month from August through October.

Criminals have also targeted vehicles, resulting in a dramatic rise of 50 percent in auto thefts this year.

During that same time, law enforcement recorded a 28 percent decrease in arrests, with arrests for violent crimes dropping nearly 9 percent in the Los Angeles area.

The LAPD reported making 16 percent fewer traffic stops and almost 2 percent, or 770, fewer arrests this year, compared to last year. Officers made 34 percent fewer stops this year and 31 percent fewer arrests than five years ago.

The apparent gang-related robberies follow a trend—dubbed as “burglary tourism” by the police—involving Chilean gangs identified last year.

In 2020, law enforcement alerted the public about gangs of Chilean nationals using visa waivers to come to the U.S. for the purpose of burglarizing homes, businesses, and vehicles.

In February, five Chilean men were arrested in connection to a burglary spree that targeted trailheads and dog parks throughout Thousand Oaks.

‘Follow-Home’ Robberies in US and UK

Similar “follow-home” robberies and crimes targeting celebrities or wealthy residents have also occurred in San Francisco, New York, Houston, and the United Kingdom.

In July, a couple was followed to their San Francisco home and robbed by a man with a semi-automatic rifle. The suspect rear-ended the couple’s car while they drove home from a mall.

In April, a San Francisco woman also reported being followed home from Richmond to Sunset and attacked for her handbag and jewelry, and a father was held at gunpoint outside his Concord home after being followed home from lunch in Walnut Creek, according to news reports.

County, State to Join Efforts Targeting Criminals

Los Angeles County and state officials said this week they intended to increase efforts to curtail the crime wave.

The county sheriff Alex Villanueva also said his department would take steps to stop the recent rash of violence.

“This is completely unacceptable,” Villanueva wrote in a social media post Nov. 23.

“As long as I am your Sheriff, we will do what it takes to stop this growing trend of lawlessness. This is what happens when you defund the police.”

Gov. Gavin Newsom said Monday he planned to send a budget proposal to lawmakers in January that contained “an exponential increase of support” to help cities and counties fight organized retail theft and “other quality of life issues.”

Decrease in Police Presence

Law enforcement responded quickly at first to the uptick in shootings and robberies in the Melrose Avenue area this year by increasing foot and horse patrols, but that has diminished.

The lack of police presence this week concerned some residents and businesses on the avenue after recent robberies.

One longtime resident said police presence in the area was needed to keep crime under control.

“I think it’s very vital to have a constant police presence,” said Ron Ashford, 73, a 30-year resident of the adjacent Fairfax District.

He said he was concerned when the patrols slowed down recently, reflecting on the situation Wednesday as he sat at a table on the sidewalk on Melrose Avenue.

He has seen crime increase in the area, and “It wasn’t this bad years ago,” he said.

Ashford said he is concerned crime will escalate if police retreat from the area.

“I said, watch, when it dies down, [the criminals] will come back,” Ashford said.

On July 19, three suspects attempted to rob victims at gunpoint in the parking lot of Media Wine and Spirits.

One of the victims used his own firearm to shoot at the suspects, apparently hitting two of them, according to the LAPD. Two of the suspects were arrested.

The incident was just one of several violent crimes along Melrose Avenue this year.

In September, outdoor diners were held at gunpoint at La Crème Café and robbed of property. The next day, an employee at the Oldboy Barbershop was also robbed. And in August, a Shoe Palace employee was shot and killed during a shoe raffle.

On Nov. 13, victims were returning home to a short-term rental on North Gardner Street, about a block from Melrose Avenue. They were followed home and robbed at gunpoint by eight suspects after returning from a nightclub.

Media Wine and Spirits owner Askkar said the shooting at his store parking lot was an isolated event.

His customers were doing well and life has returned to “normal” along the avenue after an increase in police presence, he said.

“There is no threat,” Askar told the Epoch Times. “Everything is cool. We’re good and everything is safe.”

Some shops are taking precautions, posting private security outside, or changing the way they operate.

The Spitfire Girl clothing store has stopped allowing female employees to close by themselves after the crimes, a store clerk told the Epoch Times.

“Oftentimes, people are making us feel uncomfortable,” associate Sean Ghedi said.

A store employee who watches the open door to Cookies & Kicks, a shoe store on Melrose Avenue, said he was working when shots were fired during the robbery at Media Wine and Spirits.

Their store hasn’t had any problems, the employee who asked to remain anonymous told the Epoch Times.

“This is the nicer part of LA, but it’s still LA at the end of the day,” the employee said.

Celebrities, Wealthy Residents Targeted

Celebrity Dorit Kemsley of “Real Housewives of Beverly Hills” reported Oct. 27 she was followed to her Encino home by two men wearing masks. A home video showed the men smashing sliding glass doors to gain entry before taking as much as $1 million in valuables.

Former BET host “Terrence J” Jenkins was followed to his Sherman Oaks home at about 3 a.m. Nov. 10 by four masked men in a silver Jeep Cherokee, police reported. One of them ordered him out of his car, but he and a passenger drove away, instead, and were followed by the suspects. Shots were fired, but no one was injured, according to reports.

Actor and comedian Jeremy Piven reported a burglary at his home in the Hollywood Hills in October when $20,000 worth of clothing was stolen, he said.

Singer Rihanna’s Los Angeles home was also targeted in July when a man reportedly jumped one of her walls in an attempt to break into her house, police reported.

Residents Increase Private Security

Onguard Inc., a security guard service that serves southern California, has received several requests for service from businesses and residents after the recent “follow-home robberies.”

“There has been an increase in calls and an increase in clients reaching out to us,” Onguard Inc. CEO Ray Nomair told the Epoch Times.

One couple requested 24-hour security guards posted in their driveway at their Beverly Hills home until February. Another client asked for private protection while her husband was traveling, he said.

The clients are afraid of trespassers breaking in and stealing property, he said.

The Ring cameras that residents install themselves to monitor their properties are not enough in these cases, Nomair said.

Police: Residents Not Wear Expensive Jewelry, Clothing

The LAPD issued a list of recommendations for area residents to help avoid the “follow home robberies.”

Police suggested residents should not wear expensive jewelry or other “high-value” property and to be aware of their surroundings when walking out of a restaurant or other place of business.

“There’s no item of jewelry or piece of property that they have that is worth their life, and so if they find themselves in such a perilous situation, to cooperate, be a good witness. … Do not chase people, do not try to pursue people, and do not try to take actions yourself other than to minimize the chance that you become a victim of the type of violence we saw this morning,” Moore told reporters.

The LAPD recommended that if drivers noticed they were being followed, they should not drive home and instead go to a police station and call 911.

Tyler Durden Sun, 11/28/2021 - 15:50

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Biden’s “Strategic” Oil Reserve Release Will Mostly Go To China And India

Biden’s "Strategic" Oil Reserve Release Will Mostly Go To China And India

Today in "the left hand doesn’t know what the right hand is doing" news…

Remember that big release of 50 million barrels of oil from the Strategic Petroleum Reserve?

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Biden's "Strategic" Oil Reserve Release Will Mostly Go To China And India

Today in "the left hand doesn't know what the right hand is doing" news...

Remember that big release of 50 million barrels of oil from the Strategic Petroleum Reserve? Let us jog your memory: it was the hallmark solution proposed by the Biden administration to try and address soaring energy costs for Americans. 

Well, it turns out that most of that oil is going to wind up in China and India, Fox News reports. Both countries have been "actively purchasing U.S. sour crude oil produced in the Gulf of Mexico".

Sour crude is appealing to foreign buyers due to its affordable price, which comes from its high sulfur content. This also makes it tougher to refine and process. 

18 million barrels of the 50 million released have already been approved for sale. 32 million barrels remain and will be "intended for U.S. consumers to alleviate increased demand," Fox News reports.

China, India, Japan, South Korea and the United Kingdom are all tapping into their petroleum reserves as well.

The White House commented: "The President has been working with countries across the world to address the lack of supply as the world exits the pandemic."

The administration continued: "The president stands ready to take additional action, if needed, and is prepared to use his full authorities working in coordination with the rest of the world to maintain adequate supply as we exit the pandemic."

"Exit the pandemic?" We're certain that's not a Dr. Fauci-approved PR statement...

Tyler Durden Sun, 11/28/2021 - 13:45

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Dow Jones, the S&P 500, and Nasdaq price forecast after sell-off on Friday

Wall Street’s three main indexes ended sharply lower on Friday as news of a new COVID variant worried investors around the world. The World Health Organization (WHO) on Friday designated a new COVID-19 variant detected in South Africa, and a lot of…

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Wall Street’s three main indexes ended sharply lower on Friday as news of a new COVID variant worried investors around the world.

The World Health Organization (WHO) on Friday designated a new COVID-19 variant detected in South Africa, and a lot of people didn’t want to hold risk assets on Monday morning or are afraid of what that could look like Monday morning.

Markets are reacting negatively because it is unknown at this point to what degree the vaccines will be effective against the new strain and would it initiate new lockdowns around the world. David Kotok, chairman and chief investment officer at Cumberland Advisors, added:

All policy issues, meaning monetary policy, business trajectories, GDP growth estimates, leisure, and hospitality recovery, the list goes on, are on hold. The new strain may complicate the outlook for how aggressively the Federal Reserve normalizes monetary policy to fight inflation.

The new Omicron coronavirus is detected in Britain, Italy, Netherlands, Germany, Israel, Belgium, Botswana, Denmark, Hong Kong, and Australia for now.

Britain has already imposed travel restrictions on southern Africa, while the European Commission is considering suspending travel from countries where the new variant has been identified.

The upcoming week will be busy, and investors will pay attention to Fed Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen’s appearance before Congress to discuss the government’s COVID response on November 30.

S&P 500 down -2.3% on Friday

 S&P 500 (SPX ) weakened by -2.3% on Friday and closed the week at 4,594 points.

Data source: tradingview.com

If the price falls below 4,500 points, it would be a strong “sell” signal, and we have the open way to 4,300 or even 4,200 points.

The upside potential remains limited for the week ahead, but if the price jumps above 4,650 points, the next target could be around 4,700 points.

DJIA down -2.5% on Friday

The Dow Jones Industrial Average (DJIA) weakened -2.5% on Friday and closed the week below 35,000 points.

Data source: tradingview.com

The Dow Jones Industrial Average remains under pressure as news of a new COVID variant worried investors worldwide.

The current support level stands at 34,500 points, and if the price falls below this level, the next target could be around 34,000 points.

Nasdaq Composite down -2.2% on Friday

Nasdaq Composite (COMP) has lost -2.2% on Friday and closed the week at 15,491 points.

Data source: tradingview.com

The strong support level stands at 15,000 points, and if the price falls below this level, it could be a sign of a much larger drop.

Summary

Wall Street’s three main indexes ended sharply lower on Friday after the news that the World Health Organization designated a new COVID-19 variant detected in South Africa. All policy issues go on hold currently, and investors will pay attention to the government’s COVID response on November 30.

The post Dow Jones, the S&P 500, and Nasdaq price forecast after sell-off on Friday appeared first on Invezz.

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