April 2020 ~ BACK TO BACK LATEST NEWS

Thursday, April 30, 2020

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Video released by the Civilian Office of Police Accountability have shown the moment Chicago police shot an unarmed man twice at a subway station.The footage from the Chicago Transit Authority and police body-cams demonstrate in detail how the shooting of Ariel Roman took place on 28 February after he was pulled up for violating a city ordinance.

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A former aide to the presidential candidate finds support for her sexual assault claim against him.

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The jets flew a 35-minute path across the Northeastern states as a part of "Operation America Strong" to honor essential workers.

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The Food and Drug Administration will authorize the emergency use of the antiviral remdesivir on COVID-19 patients as soon as Wednesday, a senior administration official told The New York Times. Pharmaceutical company Gilead Sciences revealed promising study results involving remdesivir on Wednesday, but the FDA's reported move would still sidestep the usual testing required to authorize a drug's usage.Gilead said Wednesday that its own trial, as well one overseen by the National Institute of Allergy and Infectious Diseases, met its goals. Of the study's 397 severe COVID-19 patients, at least 50 percent of patients treated with a 5-day dosage of remdesivir improved and more than half were discharged from the hospital within two weeks. The overall mortality rate of the study was 7 percent, and relatively few patients developed bad side effects. But the study wasn't evaluated against a control group, and it's unclear if those recoveries were natural or if remdesivir actually had something to do with them. Hard data from the study also hasn't been released yet.Anecdotal reports, including two published in The New England Journal of Medicine, provided more credibility for remdesivir in the coronavirus fight. But they also didn't compared the drug against a placebo. A study published in The Lancet concluded remdesivir was "safe and adequately tolerated" but "did not provide significant benefits over placebo."More stories from theweek.com How Tara Reade's allegations could bring down Joe Biden The perils of Hooverism Florida's health department reportedly told medical examiners to remove causes of death from mortality data

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President Trump says the U.S. will be able to carry out five million coronavirus tests a day. The official overseeing testing strategy tells TIME that goal isn't feasible

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Starting Monday, customers will be required to wear masks covering their nose and mouth at all times while inside the store.

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Toilet paper manufacturers have ramped up production to meet the unprecedented demand, but may be left with a huge surplus in the coming months.

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JP Morgan is forecasting a 40 percent drop in second quarter GDP; Fox Business correspondent Lauren Simonetti reports.

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A coalition of marijuana companies, churches and advocacy groups is asking California Gov. Gavin Newsom for a temporary cut in the state’s hefty pot taxes. The group that includes the California State Conference of the NAACP, Los Angeles Metropolitan Churches and the industry group Southern California Coalition warned in a letter to the governor that the coronavirus crisis and a crashing economy will take an especially heavy toll on businesses run by minorities who were disproportionately targeted during the decades-long drug war.

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LATEST STOCK MARKET NEWS

With stocks in “market rally” mode after the vicious coronavirus-induced market crash, many investors are buying back into stocks.

Don’t go all-in on this market rally

The worst of the pandemic may be in the rear-view mirror. However, investors must resist the urge to chase this market. As we learn more about the damage done to the economy by the lockdown, we can’t forget the possibility of another market crash.

Whether or not the stock market makes a return to March lows is anyone’s guess. I don’t think it will, but it could. Investors would be wise to be prepared for anything. That means maintaining an adequate liquidity position and spreading out your buying activity. Avoid going all-in on the expectation that this is a V-shaped market rally.

Do scoop up the stocks that you know to be undervalued if you’ve got the financial wiggle room. We’re in a stock-picker’s market right now. COVID-19 has rendered many segments of the market speculative or even downright un-investible. For self-guided investors who can pick their spots, there’s a great deal of outperformance to be had. The recent collapse in oil prices has weighed heavily on the TSX index.

There’s still a tonne of risk out there amid this market rally — manage it by picking your spots carefully

Mad Money host Jim Cramer thinks that investors should forget about index funds, which mix many good stocks with the toxic ones. He thinks investors should embrace buying shares of individual companies. I think he’s right on the money and would urge passive investors to dip their toes into stock picking. There’s never been a better time to do so after the post-crash market rally.

As a stock picker, you can avoid stocks in industries that are clouded by uncertainty. The TSX index gives passive investors overexposure to the most vulnerable sectors. Should the markets reverse, the TSX index could get obliterated. But if you pick your spots carefully, you can at least limit your downside relative to the broader indexes.

Consider shares of Jamieson Wellness (TSX:JWEL), a health and consumer staple play that recently surged to make new all-time highs amid the pandemic. I have pounded the table on the stock, praising the company for its defensive growth traits. I think these will allow the highly underrated company to continue faring well in the face of a recession.

Main Street is just starting to pay attention to Jamieson following its incredible 85% rally over the past year. What entices me most about Jamieson is the fact that it’s riding on the back of a secular tailwind, making the seemingly boring vitamin-maker one of the most exciting low-tech growth stocks out there for the long haul.

Jamieson is a Canadian IPO success story. As the name continues to experience stable (or even increased) demand for its vitamins, minerals, and supplements through this pandemic, I suspect the stock could have a heck of a lot more upside over the coming months, regardless of whether this market rally holds.

Foolish takeaway

You don’t need to be a “professional” money manager to limit your damages should this market rally be in for a sudden reversal. Embrace the self-guided investor journey and pick your spots to avoid the riskiest areas of the market.

Stay hungry. Stay Foolish.

Canadian Stocks to Buy on the Cheap During the Market Crash

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Fool contributor Joey Frenette has no position in any of the stocks mentioned.

The post Market Rally Warning: Another Crash Could Take Us Back to March Lows appeared first on The Motley Fool Canada.

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LATEST SPORTS NEWS

Andy Murray will go down as one of tennis' greats in the modern era and it appears his prowess in the sport also extends to the virtual realm.

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LATEST BUSINESS NEWS

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen.

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Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row.

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Asian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve pledge to shore up the economy and a jump in oil prices.

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Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors.

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Unless we learn to adapt, only the rich will be able to avoid the ravages of climate change.

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In a meatpacking plant, changes were made too late.

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LATEST TECHNOLOGY NEWS

Tesla said it will reduce the price of its standard range Model 3 vehicle in China to meet the government’s new eligibility requirements for subsidies.

This marks the second time this year that the automaker has reduced the price. Several months ago, the base version of China-made Model 3 was lowered by 9%.

Tesla has to cut the price of the vehicle to continue to qualify for government rebates on electric vehicles. The Chinese government instituted new regulations that require prices below 300,000 yuan for electric vehicles to qualify for subsidies.

The base price of the standard range Model 3 made in China is 323,800 yuan, or $45,754 before subsidies.

The price reduction will go into effect tomorrow in China, Tesla CEO Elon Musk said in a earnings call Wednesday. Musk, who didn’t provide a specific figure, said he is confident the vehicle will deliver a gross margin despite the reduction in price.

Tesla chief financial officer Zachary Kirkhorn added that the cost of vehicles produced at its Shanghai factory in the first quarter is already lower than the cost to produce the Model 3 in the United States. That margin should improve as the company improves its local supply chain in China. Tesla still ships some parts from the U.S. to build cars at its Shanghai factory.

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Wednesday marked the third time in the last five days that Orange County has confirmed at least 100 new COVID-19 cases. County officials, though, have expressed optimism that they have effectively flattened the curve.

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California reopening: Riverside County extends coronavirus restrictions through June 19

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Los Angeles County health officials report the largest single-day increase in coronavirus cases, pushing total past 22,400. The large increase is mostly the result of more testing and a lag in weekend reporting.

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Drive to risk-assess minority ethnic workers aims to reduce higher death rate from Covid-19

NHS staff from black, Asian and minority ethnic backgrounds will be given different roles away from the frontline under plans to reduce their disproportionately high death rate from Covid-19.

BAME personnel should be “risk-assessed” and reassigned to duties that leave them at lesser risk of contracting coronavirus, under guidance set out by NHS bosses in England.

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Nearly 100 cases of unusual illness in at least six countries; UK adds deaths outside hospital to official figure; Trump says he won’t extend social distancing rules. Follow the latest updates

12.56am BST

The number of coronavirus cases in South Africa surged past the 5,000 mark on Thursday after it saw the largest single-day jump to date, health ministry figures showed.

A total of 354 new cases were confirmed on Thursday, bringing the overall total to 5,350, and the number of fatalities spiked by 10 to 103.

12.47am BST

China’s Forbidden City will reopen on Friday, three months after it closed due to the coronavirus crisis - the latest signal that the country has brought the disease under control, AFP reports.

The sprawling imperial palace sitting across Tiananmen Square was shut down on January 25 as authorities closed tourist attractions and took other extraordinary measures to contain the virus, including locking down an entire province.

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Turkish President Recep Tayyip Erdogan on Monday defended a top religious official who claimed homosexuality caused diseases, corrupted people and was condemned in Islamic teaching. Ali Erbas, head of a state-funded agency called the Diyanet, which runs mosques and appoints imams, also claimed during his weekly sermon that homosexuality caused HIV. The Ankara bar association of lawyers accused him of inciting hatred against gay people while ignoring child abuse and misogyny.

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The Supreme Court on Monday dismissed a case brought by three New York City handgun owners challenging a city regulation that prohibited gun owners from transporting their firearms outside the city.The court agreed to hear the case in December, but the city then amended the regulation to allow gun owners to bring firearms to other locations. The Supreme Court ruled 5-3 in an unsigned opinion that the case was moot because the city had amended its original regulation.Conservative justices Samuel Alito, Clarence Thomas, and Neil Gorsuch wrote in their dissent that the case should not have been dismissed."By incorrectly dismissing this case as moot, the Court permits our docket to be manipulated in a way that should not be countenanced," the justices wrote. Lawyers for the plaintiffs had argued that the case should not be dismissed because the city changed its regulation due to fears that the Supreme Court would use the case to restrict broader gun control measures.Gun rights advocates had initially hoped the court's conservative majority would tip the case in their favor."I believe it will change the way the Second Amendment is applied to everyone who owns a gun in the country," Romolo Colantone, a resident of Staten Island and one of the plaintiffs in the case, said in December 2019.

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Donald Trump said on Monday he will take no responsibility if Americans inject or otherwise consume disinfectant to kill Covid-19, even though he suggested it during a Thursday evening press conference.“No, I don’t,” the president said Monday evening when asked about Maryland’s governor saying his government got calls from people asking if they should.

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El Salvador, already criticised by rights groups, cracks down further on imprisoned gang members.

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The Catholic Church in Italy is angry over the government’s refusal to allow the faithful to attend religious services, as the country edges towards a cautious relaxation of coronavirus lockdown rules. Under a new decree announced on Sunday night by the prime minister, businesses, factories and building sites will be allowed to restart on May 4 and people will be allowed out of their homes to exercise. Public parks will be reopened and children will be allowed out for fresh air and exercise, Giuseppe Conte said. But the government said churches and cathedrals would remain closed to congregations because there remained a high risk of the virus being spread. Elderly people are particularly vulnerable to Covid-19 and make up a high proportion of Italy’s dwindling churchgoers. "I understand that freedom of worship is a fundamental people's right," the prime minister said. "I understand your suffering. But we must continue discussing this further with the scientific committee." The Italian Bishops’ Conference accused the government of “arbitrarily” compromising religious freedom. The decree also exposed divisions within the government, with some ministers calling for congregations to be allowed to return to churches. "So, we can safely visit a museum but we can't celebrate a religious service? This decision is incomprehensible. It must be changed," tweeted Elena Bonetti, the equal opportunities minister. Catholic leaders said the Church was working hard to alleviate the suffering of the poor and the marginalised during the coronavirus emergency. “It should be clear to all that the commitment to serving the poor, [which is] so significant in this emergency, stems from a faith that must be nourished at its source, especially the sacramental life”, the bishops’ conference said.

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What African countries are doing to help people to eat amid the lockdowns.

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A team from the University of Oxford is leading the way in the search for an effective vaccine for the coronavirus. Human trials started last week.

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Dr. Tom Inglesby said some states are experiencing a decline in cases, while half of the country is still seeing a rise in daily numbers.

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Trump complains almost daily that U.S. troops are still in Afghanistan and are now vulnerable to the pandemic, officials said.

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Hillary Clinton joined former Vice President Joe Biden for a virtual town hall event on Tuesday to officially offer her endorsement.The former secretary of state and Democratic candidate for president was Biden's guest during a live stream on Tuesday focused on the coronavirus pandemic and its effect on women, and Biden introduced Clinton as the "woman who should be president of the United States right now.""Think of what it would mean if we had a real president, not just somebody who plays one on TV, but somebody who gets up every morning worried about the people that he's responsible for leading during this crisis," Clinton said after officially endorsing Biden.Biden, Clinton went on to say, "has been preparing for this moment his entire life," describing her experiences working with him during the Obama administration."I've been not only a colleague of Joe Biden's, I've been a friend, and I can tell you that I wish he were president right now, but I can't wait until he is, if all of us do our part to support the kind of person that we want back in the White House," Clinton said.This is the latest in a series of Democratic endorsements Biden has received since becoming the party's presumptive nominee including from Sen. Bernie Sanders (I-Vt.) and House Speaker Nancy Pelosi (D-Calif.). As news of the Clinton endorsement broke, President Trump's 2020 campaign manager said in a statement, "There is no greater concentration of Democrat establishment than Joe Biden and Hillary Clinton together. President Trump beat her once and now he'll beat her chosen candidate."More stories from theweek.com Scientists are perplexed by the low rate of coronavirus hospitalizations among smokers. Nicotine may hold the answer. Movies that debut on streaming and not in theaters can be eligible for the Oscars next year How Democrats blew up MeToo