Coronavirus Update: Powell and Mnuchin to Testify In Front of U.S. Lawmakers

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Good morning, it’s Tuesday, June 30. 

Here’s your daily coronavirus update.

There are 10.3 million cases of the virus worldwide, with over 505,000 deaths.

The U.S. has 2.5 million cases and 126,000 deaths.

Powell and U.S. Secretary Treasury Steven Mnuchin will appear in front of the House Financial Services Committee.

”We have entered an important new phase and have done so sooner than expected,” Powell said in prepared remarks ahead of his testimony Tuesday. “While this bounceback in economic activity is welcome, it also presents new challenges--notably, the need to keep the virus in check.”

But Powell noted in his remarks that more than 20 million Americans have lost their jobs since the pandemic took hold in mid-March.

“The path forward for the economy is extraordinarily uncertain and will depend in large part on our success in containing the virus,” he said. “A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities.”

And the World Health Organization chief, in a press conference Monday, said, ““Although many countries have made some progress, globally, the pandemic is actually speeding up.”

“We all want this to be over. We all want to get on with our lives, but the hard reality is that this is not even close to being over,” he continued.

And the WHO has also said that it will “read carefully” a Chinese study on a new flu virus that has been found in pigs, WHO's Christian Lindmeier said at a Geneva briefing. The WHO added that the findings underscored the importance of influenza surveillance during the COVID-19 pandemic.

“We will read carefully the paper to understand what is new,” he said.

And, finally, New Jersey Gov. Phil Murphy tweeted, on Monday, that indoor dining will no longer resume on Thursday. Murphy said, “We had planned to loosen restrictions this week. However, after COVID19 spikes in other states driven by, in part, the return of indoor dining, we have decided to postpone indoor dining indefinitely.”

This comes as New York Governor Andrew Cuomo considers delaying New York’s Phase 3 reopening, which is set to take effect July 6. 

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