Dr. Fauci lends his thoughts on how to get sports back. Coronavirus cases top 2 million… And President Trump turns to NFL, NBA, MLB Commissioners and business leaders for his new economic committee.
Here are the stories shaping both sports and business on Wednesday, April 15.
Dr. Fauci Takes to Snapchat to Talk About the Return of Sports
Dr. Anthony Fauci is director of the National Institute of Allergy and Infectious Diseases and of course on President Trump's COVID-19 Task Force. Fauci recently did an interview on SnapChat and gave his thoughts on when we will see sports back in action and how some leagues will accomplish it.
Dr. Fauci made a few suggestions including no fans at stadiums, weekly tests for players, athletes and coaches living in a centralized hotel. But he emphasized the need for massive amounts of tests and closely monitoring players if sports were to resume.
From Sports Illustrated: Dr. Fauci Says Summer Sports Could Return Without Fans
A Coronavirus Update
There are now over 2 million cases of the coronavirus worldwide, and 129,000 deaths.
The U.S. has over 613,000 cases of the virus, Spain has over 177,000 cases and Italy has over 165,000 cases. The U.S. also has the most deaths, with over 24,000 per data from Johns Hopkins. Italy has over 21,000 deaths and Spain has over 18,000.
New York governor Andrew Cuomo has made wearing a mask mandatory in places where you cannot social distance. He noted that there won’t be jailtime, but offenders could receive fines.
And turning our attention to business, U.S. retail sales fell 8.7% in March, which was wider than estimates that called for a decline of 8%. The declines last month - driven by stay-at-home orders that forced many businesses such as restaurants to shut their doors, were the most since the Commerce Department began compiling the data in 1992.
And the Empire State Manufacturing Index registered a -78.2, a record low, as factory floors went dark during the coronavirus pandemic. Economists had expected a decline to -35. Now, the decline in 2008 after the crash was -34.3, Ian Shepherdson, chief economist at Pantheon Macroeconomics noted.
From TheStreet: Jim Cramer Says Bank Earnings Put Market in 'No Man's Land'
President Trump’s Task Force Features Leaders From Sports and Business
President Trump is creating a 200 person advisory board, separate from his COVID-19 Task Force that will focus on reopening the American Economy. Trump is tapping some of the biggest leaders from the sports world to help with that committee.
MLB commissioner Rob Manfred, NFL Commisioner Roger Goodell, NHL Commisioner Gary Bettman, NBA Commisioner, Adam Silver, UFC President Dana White, PGA Commissioner Jay Monahan, NASCAR Board of Directors Lesa Kennedy, Cowboys owner Jerry Jones, Patriots owner Robert Kraft and Mavericks owner Mark Cuban are all on this advisory panel.
Representatives from Cisco Systems CISCO, Tyson Foods TSN, Archer Daniels Midland, Bank of America BAC, JPMorgan Chase JPM, Goldman Sachs GS, Citigroup C, Wells Fargo WFC, US Bank, Morgan Stanley MS, Grand Rapids State Bank and Southern Bank Corp. are also included in the task force. The White House is calling this committee the Great American Economic Revival Industry Group.
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