Jim Cramer: Shutdowns Make Running NYC Small Business Impossible

Katherine Ross

The number of confirmed global deaths from Covid-19, the disease caused by the coronavirus, rose to 1.037 million, according to Johns Hopkins University. Confirmed cases of the virus across the world have risen to 35,165,808.

The U.S. death toll is 209,725, the most in the world and more than 20% of the global total. The number of infected people in the U.S. was 7,418,107.

Joe Biden, Donald Trump's Democratic challenger in next month's presidential election, tested negative for the coronavirus on Sunday. It's the second time Biden has been screened and cleared in three days, according to his campaign.

Senate Republicans said they won't be delaying Supreme Court confirmation hearings for Amy Coney Barrett despite three GOP senators contracting the virus. Senate Majority Leader Mitch McConnell said the hearings would begin as scheduled Oct. 12, with some parts of it conducted remotely.

New York City this week will close non-essential businesses and schools in nine neighborhoods in Brooklyn and Queens that have seen a surge in virus infections, said Mayor Bill de Blasio. 

Governor Andrew Cuomo confirmed. the closure of schools in the hotspots in an afternoon press briefing, and added that New York state would be taking over enforcement of rules in COVID-19 hotspots within New York City.

Jim Cramer broke down the challenge that lies ahead for New York City businesses in the video above. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Latest Videos From TheStreet and Jim Cramer:

LIVE WITH JIM CRAMER - WATCH THE REPLAY
Enter your email to register or login. Registration information may be shared with advertising partners in accordance with our Privacy Policy.
Comments (7)
No. 1-4
TOM99999
TOM99999

This is awful. I feel that these businesses should be allowed to open as normal. If not then government should be paying the bills and forgiving the rent and taxes for these businesses till they can reopen.

AlexM5
AlexM5

All small business should be working an a strategy that allows them to sell their product online.

Emmanwo8
Emmanwo8

COVID has definitely taken a huge hit on small business owners, one of them being my aunt

JavierFrausto
JavierFrausto

Very unfortunate time for small business owners. Businesses should look into platforms like SHOP to move businesses online