New York coronavirus deaths jumped by 731 Monday, the biggest daily increase, Gov. Cuomo says

[Judi Lynn]

Source: CNBC


PUBLISHED TUE, APR 7 202011:15 AM EDT UPDATED AN HOUR AGO
Berkeley Lovelace Jr.
@BERKELEYJR
William Feuer
@WILLFOIA
Noah Higgins-Dunn
@HIGGINSDUNN

Coronavirus deaths in New York surged by 731 on Monday, the biggest single-day jump in COVID-19 fatalities since the outbreak began a few months ago, Gov. Andrew Cuomo said Tuesday.

The jump in fatalities comes even as the number of intensive care admissions starts to decline, giving the state some needed breathing room to ramp up supplies and staff to handle an expected wave of cases over the next few weeks, he said. Earlier in the day, New York City Mayor Bill de Blasio said the number of coronavirus patients being placed on ventilators in recent days has been better than expected, giving the city precious time to secure necessary supplies for a wave of patients expected to hit local hospitals in the next few weeks.

So far, 5,489 people in the state have died from the coronavirus, accounting for roughly half of all deaths in the U.S.

. . .

The number of deaths is a lagging indicator of the number of hospitalizations, Cuomo said. Those people were admitted to hospitals at the peak and weren’t successfully treated, Cuomo said, adding that they were placed on breathing machines, and “the longer you are on a ventilator the less likely” you will survive.

Read more: https://www.cnbc.com/2020/04/07/new-york-coronavirus-deaths-jumped-by-731-monday-the-single-biggest-daily-increase-gov-cuomo-says.html

[earthside]

1. Also demonstrates the irrelevance of the stock market.

All the talk yesterday was how the markets were surging because Cuomo said on Sunday that NY might be reaching a plateau.

So, apparently not ... but the Dow is up over 300 points as I write this at noon MDT.

The stock market is a casino, nothing more.