Good evening,
Please find today's Daily COVID-19 Update for June 1st. Please let me know if you have any comments or questions.
Thank you,
Jeff Cohen
INFORMS Members in the News
Member: Laura Albert
Member: Vicki Bier
Member: Oguzhan Alagoz
Member: Sheldon Jacobson
Member: Tinglong Dai
Member: Tinglong Dai
U.S. Federal Policy Update
- The Congressional Budget Office released a report indicating that the U.S. economy is projected to grow from 2020 to 2030 by $7.9 trillion less than what was originally estimated in January of this year. This is largely because "business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce U.S. investment in the energy sector."
- Senate Minority Leader Chuck Schumer (D-NY) and Senator Bernie Sanders (I-VT) released a statement in response to the aforementioned CBO report, stating that "the Senate must act with a fierce sense of urgency to make sure that everyone in America has the income they need to feed their families and put a roof over their heads," as "the American people cannot afford to wait another month for the Senate to pass legislation."
- House Ways and Means Committee Ranking Member Kevin Brady (R-TX) introduced the Reopening America by Supporting Workers and Businesses Act, which is intended to "help local businesses rebuild their workforce quickly by turning these unemployment benefits into a back-to-work bonus that will provide a bump to workers and help accelerate our economic recovery."
Global Response
- Although President Trump announced this past Friday that the U.S. would be terminating its relationship with the World Health Organization, WHO Director-General Tedros Adhanom Ghebreyesus stated during a news conference today that "the U.S. government and people's contribution and generosity toward global health over many decades has been immense," and "it is the WHO's wish for this collaboration to continue."
- The Phillippines officially ended their two-month lockdown.
- As part of ongoing actions to ease coronavirus lockdown measures, school systems across England began reopening as of today.
- The Mexican government launched a "new normal" plan, allowing several economic sectors to reopen.
- El Salvadoran President Nayib Bukele announced that he is continuing the country's emergency declaration and keeping the economy closed.
- Armenian Prime Minister Nikol Pashinyan tested positive for coronavirus.
State Update
- Michigan Governor Gretchen Whitmer officially lifted the state's stay-at-home order today, with more businesses scheduled to reopen within the next seven days. While restrictions will stay in place for indoor gatherings, up to 100 people can gather outdoors in the state.
- New York Governor Andrew Cuomo announced that the western region of the state would move to the second phase of reopening, effective tomorrow.
- New Jersey Governor Phil Murphy announced that the state will be moving to phase 2 of reopening on June 15th, with outdoor dining and nonessential retail permitted to resume services with restrictions on capacity.
- Louisiana Governor John Bel Edwards announced that the state will move towards their second phase of reopening this Friday, but New Orleans will remain in phase one.
- Atlanta Mayor Keisha Lance Bottoms signed an executive order permitting eligible frontline employees to receive an additional $500 per month through September 30th in hazard pay.
Economic Update (as of close of the markets)
- U.S. stocks rebounded today after opening with flat numbers, with all three indices ending the day with minor gains. The Dow Jones Industrial Average rose by 0.4%, the S&P 500 also by 0.4%, and the Nasdaq Composite by 0.7%.
Latest Impact Data
- In the United States: Over 1,856,800 cases and 106,851 deaths in 50 states, 4 territories, and Washington, D.C.
- Worldwide: Over 6,347,283 million cases and 376,497 deaths in at least 204 countries and territories.
In the News
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Jeffrey M. Cohen, MBA
Director, Public Affairs & Marketing
INFORMS
jeff.cohen@informs.org------------------------------