Trump: Coronavirus ending will lead to stock market, businesses bounce
President Trump discusses possible treatments to combat coronavirus, the stimulus relief bill, former President Obama’s response to swine flu, predicts what will happen to the economy and companies that have offered to produce and donate medical supplies during the coronavirus pandemic.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
WASHINGTON — For the millions of Americans living under some form of lockdown to curb the spread of the coronavirus, not knowing when the restrictions will end is a major source of anxiety. Will life events — weddings, funerals, even just simple nights out with friends — be delayed for a few weeks, a few months or much longer?
President Donald Trump gave one answer this week, saying he hoped businesses would reopen by Easter, on April 12, citing the severe damage restrictions have done to the economy. Most public health experts, however, caution that it would be reckless to lift restrictions before COVID-19 infections have peaked and begun to ebb — unleashing a second wave of cases that could be just as damaging to the economy.
Scientists are reluctant to predict exactly when restrictions could be safely loosened, but based on what they’ve observed in China — the first country struck by the new virus — some relief could come approximately six to eight weeks after lockdowns are implemented. That is based on the assumption that cases could peak two or three weeks after lockdowns begin, and gradually decline for the next two or three weeks.
A man crosses a nearly empty Main Street in downtown Hosuton, Tuesday, March 24, 2020. (AP Photo/David J. Phillip)
While we may yearn for a clear timeline for when life will return to normal, scientists say that isn’t exactly the right question. Routines won’t resume exactly as they were for several months, or longer – but that doesn’t mean we’ll all be stuck in total lockdowns until then.
“We can’t simply wait inside for two years for a COVID-19 vaccine” to be developed, said Stephen Morse, a disease researcher at Columbia University. “We have to find some way to return to normal life.”
CORONAVIRUS CLOSURES: THESE STORES TEMPORARILY SHUT THEIR DOORS
Decisions on how and when to lift restrictions, he added, should be based on information about infection rates that can only be learned by increasing testing. That will allow policymakers to tailor restrictions to fit the outbreak in different areas.
Rather than imagining the lockdown as having an on/off switch – where the only choice is between completely shutting down the country or throwing all rules out the window — many scientists advocate for charting a course in between, where restrictions can be ramped up or down. Imagine that the lockdown has a volume dial that can be twisted up or down.
A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)
“With more information, we can target our responses to be the most impactful,” said Nadia Abuelezam, a disease researcher at Boston College. That might mean introducing people back into the workforce in stages, she suggested.
Scientists are closely watching what happens in other countries that were struck earlier by the coronavirus to see what happens when those places loosen restrictions.
Restaurants and offices have begun to reopen in many Chinese cities, about two months after the country began to lock down. There are still restrictions in place — such as limits in how many people can occupy an elevator or a conference room — and widespread testing for the disease continues.
CORONAVIRUS RELIEF COSTS OVER $100B, TRUMP SAYS
A second outbreak could prompt future clampdowns.
“People should be prepared for the fact that we are not going back to completely normal life for a while,” said Mark Jit, a disease researcher at the London School of Hygiene and Tropical Medicine. “But we also need to allow people to see the light at end of the tunnel.”
The metaphorical dial of restrictions could be set in different positions, depending on what expanded testing reveals about how many people in an area are currently infected — and how many have recovered from past infections.
Ryan Ball, of Washington, D.C., wears a mask and gloves as he shops at Target in the Tenleytown area of Washington, Tuesday, March, 17, 2020. (AP Photo/Carolyn Kaster)
The goal would be to allow people to partially return to their daily routines, while limiting the chances of new infections.
The new coronavirus causes mild or moderate symptoms in many people, but even if only a fraction of cases are severe enough to require hospitalization — between 14% and 20% — the sheer scale of the epidemic puts enormous strain on hospitals, health care workers and other patients who may see unrelated procedures delayed.
BIDEN CRITICIZED FOR SLAMMING TRUMP CORONAVIRUS PLAN
On Thursday came a grim milestone and reminder that the United States has not begun to flatten the curve of the epidemic: The total number of confirmed infections — more than 83,000, according to Johns Hopkins University — surpassed China’s toll.
The White House is now considering a data-driven approach.
In a letter Thursday to America’s governors — who have largely been the ones implementing the restrictions in the U.S. — Trump said that his administration was planning to expand “robust surveillance testing, which allows us to monitor the spread of the virus throughout the country.”
President Donald Trump talks with host Bill Hemmer during a Fox News virtual town hall with members of the coronavirus task force, in the Rose Garden at the White House, Tuesday, March 24, 2020, in Washington. (AP Photo/Evan Vucci)
The information would be used to “suggest guidelines categorizing counties as high-risk, medium-risk, or low-risk,” the letter said.
Dr. Anthony Fauci, the government’s top infectious disease expert, and White House adviser Dr. Deborah Birx have recently outlined the approach in media briefings and interviews.
“What we are trying to do is utilize a laser-focused approach,” Birx said at Thursday’s White House briefing.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
While few details are available, this approach seems to differ from other countries that have focused on identifying and isolating infected individuals and their close contacts.
In South Korea, which managed to curb an early outbreak without fully shutting all businesses and schools, widespread testing allows health workers to find infected people and aggressively track down people they came into contact with — thus allowing them to contain the spread of infection.
For the U.S. to learn from this example or adopt a similar approach, the first step is more widespread testing, said Elizabeth Halloran, a biostatistician at the Fred Hutchinson Cancer Research Center in Seattle.
Medical personnel help each other to dress, in background, as others check papers at an emergency tent set up outside the hospital for first evaluation, in Brescia, Northern Italy, Tuesday, March 17, 2020. . (Claudio Furlan/LaPresse via AP)
In addition to tests that check whether people are currently infected, experts are also honing tests to detect whether someone has had the disease in the past. Scientists expect that people who have recovered from COVID-19 will have some immunity to it, though they aren’t sure for how long.
This information could better inform decisions. Perhaps people with immunity could be among the first to return to work — or maybe the data would reveal what locations or behaviors are the riskiest for disease spread, said Abuelezam.
Before relaxing social-distancing restrictions, there will also need to be ample supply of protective gear for health care workers, said Halloran. Shortages of masks and other supplies have put them in jeopardy and threatened to slow or halt their work.
There are no easy answers, but scientists say it’s misleading to imagine a choice between public health and jobs.
“If you don’t do enough about the virus, you’re going to get steamrolled by it — which would also steamroll the economy,” said Jeffrey Shaman, a data scientist at Columbia University.
CLICK HERE TO READ MORE ON FOX BUSINESS
Read Full Article