CORONAVIRUS UPDATE: April 10th

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 1,615,092 (up from 1,529,961 yesterday)
  • Total Confirmed Deaths Worldwide: 96,791 (up from 89,426 yesterday)
  • Total Confirmed Recovered Worldwide: 362,542 (up from 337,164 yesterday)
  • US has 468,895 Confirmed Cases and 16,697 Deaths, up from 435,160 cases and 14,797 deaths yesterday
  • That is two days in a row with nearly 2000 deaths in the US from COVID-19
  • Measured on a weekly basis for the last 7 days, COVID-19 is currently the leading cause of death in the US
  • US Now Accounts for 30% of all confirmed/diagnosed cases globally
Cue The Fat Lady? US Federal Reserve Buys Everything https://finance.yahoo.com/news/fed-seizing-control-entire-u-144633849.html
  • The US Federal Reserve is purchasing approximately $625 Billion per week in US Treasury Bonds, US Municipal Bonds and Corporate Bonds.
  • That that rate of spend, The Federal Reserve will own all outstanding US Public Debt - Federal and Local - by September 2020 and all Private/Corporate US Bond Debt by December.
  • The Federal Reserve is already the largest single holder of US Government Bonds...Of $20 Trillion in outstanding US Debt, the Federal Reserve owns approximately $5.7 Trillion, and it is adding $1 Trillion in new US Bond purchases every two weeks.
  • This comes as the Bank of England skips the Bond Market entirely and is simply printing new currency to fund UK expenditures directly https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb, https://www.bbc.com/news/business-52226482 This is also known as Modern Monetary Theory.
  • As of this week's Fed Open Market Committee meeting, The Fed is also willing to purchase so-called Junk Bonds from US Companies in distress.
  • The Fed also issued a new fund to buy US Mortgage Assets from Banks, pledging $200 Billion per month to US Banks plus Fannie Mae and Freddie Mac to buy distressed mortgages that may become insolvent due to COVID-19 mortgage delinquencies or defaults.
  • At this point, the only major asset in US Equity Markets the Fed is not directly buying are US Stocks https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html
  • Ultimately, it is the US Taxpayer who is responsible for all of this debt, NOT the Fed.
  • The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each Fed Fund and be in a "first loss" position, making US Taxpayers responsible should any of the investments or underlying funds fail...
  • As such, the US Treasury, not the Fed, is really buying all these securities and backstopping of loans; the Fed is acting as banker and providing financing.
US Has Lost 10% Of Workforce In Last 3 Weeks https://www.cnbc.com/2020/04/09/weekly-jobless-claims-report.html
  • Nearly 17 Million Americans have sought unemployment insurance since March 16th, over 10% of the entire US Workforce.
  • If you include the estimated newly out of work Americans who have yet to seek Unemployment Insurance, the US has lost 15% of its workforce.
  • Analysts expect another wave of newly unemployed in April as well, as most states continue to experience Economic shutdowns due to COVID-19-related travel restrictions and limits on social activity.
  • Per McKinsey & Company, the US GDP is losing over $1 Trillion per month to COVID-19. US GDP was $22 Trillion last year.
Bread LInes Across the US - Food Banks Rationing Supplies https://www.nbcnews.com/news/us-news/covid-19-crisis-heaps-pressure-nation-s-food-banks-n1178731
  • In eerie echoes of The Great Depression, food lines stretch for miles as hungry Americans line up for boxes of food supplies.
  • "Six weeks ago, I had a job making $55,000 a year and could buy my own food. Now I am just trying to make sure my kids eat this weekend," said David Kramer, standing in line for a food bank in San Diego.
  • At Feeding San Diego's emergency drive-thru distribution Saturday, vehicles lined up 14 deep in the SDCCU Stadium parking lot for boxes filled with produce and nonperishable food. About 1,200 vehicles were served until the food bank ran out - in just under an hour.
  • "We're seeing as much as a 40 percent to 50 percent increase in demand at individual distribution locations," CEO Vince Hall said. "Many of the people that we're seeing have never before sought food assistance. Many of them aren't even sure what the process is. We get lots of very fundamental questions: 'Do I qualify? Is there somebody more deserving than me?'"
  • In some markets, such as Baton Rouge, Louisianna and Omaha Nebraska, Food Banks that saw 100 people show up a day in February are seeing 900 people per day now. "We're at zero, zero food left," said Pastor Byron Hicks in Omaha. "It's Easter weekend, there's nothing left to hand out."
  • Nationwide, demand for Food Assistance is up nearly 200% compared to this time last year. https://www.nytimes.com/2020/04/08/business/economy/coronavirus-food-banks.html
Now the WHO Defends North Korea: "The Numbers Are The Numbers" https://www.breitbart.com/national-security/2020/04/09/world-health-organization-defends-north-koreas-claim-of-zero-coronavirus-cases/
  • WHO says numbers out of North Korea must be believed.
  • "We trust all Governments to deliver valid data to our organization, and have no valid reason to doubt any numbers delivered at this time,' said a WHO spokesperson.
  • North Korea claims that it has zero cases of COVID-19, despite the fact that reports have leaked of hundreds of corpses being loaded into trucks wrapped in white sheets from Hospitals in Pyongyang, North Korea's capital.
  • Meanwhile, Reuters noted that U.N. human rights experts want the international sanctions against North Korea's nuclear weapons program lifted "to ensure that food supplies reach hungry populations during the pandemic."
  • It is unclear why the experts would think this necessary since WHO officially believes North Korea's insistence that there is no pandemic impact in N Korea.
All Chinese-made COVID-19 Tests Fail In The UK https://www.nationalreview.com/news/u-k-purchased-millions-of-unreliable-coronavirus-tests-from-china/
  • The United Kingdom on Monday revealed that all 17.5 million Coronavirus antibody test kits the country ordered from China are unreliable when used outside "severely ill" populations.
  • "The test developed in China was validated against patients who were severely ill," Professor John Bell, coordinator of coronavirus testing for Public Health England, told reporters.
  • "Whereas we want to use the test in the context of a wider range of levels of infection….So for our purposes, we need a test that performs better than these can."
  • Bell added, "We see many false negatives… and we also see false positives. This is not a good result or test suppliers or for us."
  • Nasal Swab tests developed in China and sold to Western Governments reportedly have false-negative rates as high as 40%. "It's basically like flipping a coin," one researcher said.
Models Now Spare 140,000 American Lives https://www.breitbart.com/politics/2020/04/09/dr-anthony-fauci-weve-had-a-bad-week-of-deaths-good-week-of-data/
  • Just two weeks after terrifying America with predictions of 200,000 or more dead, Dr Anthony Fauci said new data shows that only 60,000 Americans will die...maybe.
  • He noted that early predictive models of 100,000 – 240,000 deaths were already down to about 60,000.
  • "That's a sign when you take the data you have and you reinsert it into the model, the model modifies," he said. "Data is real. The model is hypothesis."
  • Fauci acknowledged the number of deaths continued to go up, but that other numbers, such as new hospitalizations and patient admittance into the ICU, were down.
  • "It is in the sense of deaths a bad week," he said, acknowledging new record death rates in a single day. "At the same time, as we're seeing an increase in deaths, we're seeing a rather dramatic decrease in hospitalizations."
  • But Fauci said that the social distancing guidelines should remain in place through April.
  • "That means that what we are doing is working, and therefore it means we need to continue to do it," he said. "Lower numbers mean this is working," he said.

It should come as no surprise that a newsworthy story receives more media coverage when released on a Monday than a Friday. The reason is in part due to a large number of news-consuming Americans checking out for the week to focus on their weekend plans rather than the news.

On Monday's radio program, Glenn Beck shared information that President Joe Biden decided to release on Friday — when fewer people would notice — regarding the Climate Finance report. This report is marketed to Americans as "A Roadmap To Build a Climate-Resilient Economy." But Glenn believes the report to be Biden's Great Reset warning shot to banks.

In this clip, Glenn warned that if Americans don't stand together, in eight years we all indeed will own nothing. Watch the clip for the full story. Can't watch? Download the podcast here.



Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

On today's radio program, Glenn Beck was joined by Bill O'Reilly to discuss the top stories of the week.

For O'Reilly, the biggest story this week centered around someone mysteriously missing from mainstream media news reports today: Mark Zuckerberg. Specifically, O'Reilly said it's the 'scandalous' way the Facebook CEO spent nearly $420 million to influence the 2020 election — and did so successfully.

Watch the clip to hear the full conversation. Can't watch? Download the podcast here.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

On Thursday's radio program, Grace Smith and her father, Andy, joined Glenn Beck on the phone and provided a first-hand account of Grace's refusal to wear a mask at school.

Smith, 16, began a maskless protest after her school district in Laramie, Wyoming, decided to implement a mask mandate. As a result, Grace received three suspensions, was issued two $500-citations, and was eventually arrested.

"How long were you in jail?" Glenn asked.

Grace said was taken to jail but was never booked nor was she was placed in a jail cell.

Glenn commended Grace's father, Andy, for raising such a "great citizen" and asked if it was Grace's idea to protest. Andy said it was Grace's idea, explaining that they took the position of arguing on the grounds of civil rights rather than the efficacy of wearing a mask.

Grace has since withdrawn from public school and started a home school program. She also told Glenn that she will continue to fight the school district, legally.

You can donate to Grace's legal fund here.

To hear more from this conversation click here.

Disclaimer: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-19 and/or COVID vaccine related questions & concerns.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

It seems the Left wants a civil war and some on the Right want a national divorce. The country is split right now unlike anything Glenn Beck has ever witnessed. There are two sides: Those who want to fundamentally change this country and those who believe in KEEPING the experiment of liberty that the Founding Founders intended.

The ideological gap seems impossible to cross, but Glenn explains why he won't secede. David Reaboi, Claremont Institute senior fellow and author of "National Divorce Is Expensive, but It's Worth Every Penny," tells Glenn why a national breakup is not an impossibility just because it will be difficult.

What can we do to fight back … peacefully? How can the states that still believe in the Constitution create pockets of freedom in the shadow of tyranny? On his Wednesday night special this week, Glenn answers that and provides a road map to preserving what the Left is trying to destroy.

Finally, James Simpson, author of "Who Was Karl Marx? The Men, the Motives and the Menace Behind Today's Rampaging American Left," provides solutions on the issues the "red states" must unite around before Left and Right America officially call it quits.

Watch the full episode of "Glenn TV" below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.