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: 171,105 (up from 136,388 Friday)
- Total Confirmed Deaths Worldwide: 6,531 (up from 4,995 Friday)
- Total Confirmed Recovered Worldwide: 77,783 (up from 70,437 Friday)
- 158 Countries have confirmed cases (up from 129 Friday) 4 more have suspected cases
- 7% of Active Cases are considered serious (requiring hospitalization), down from 9% Friday and down from 19% just 3 weeks ago
- US has 3,802 Confirmed Cases and 69 Deaths, up from 1,762 cases and 41 deaths Friday
- In the US, only West Virginia does not have at least 1 Active Case
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- The announcement was made via Facebook Livestream.
- "To help prevent the spread of COVID-19, I'm taking executive action to temporarily close bars, nightclubs, restaurants (except takeout/delivery), entertainment venues, and other establishments in the city of Los Angeles." Mayor Garcetti said.
- "These orders go into effect at midnight tonight and will stay in place until March 31 unless extended."
- "There is no food shortage and grocery stores will remain open. We're taking these steps to help protect Angelenos, limit the spread of the novel coronavirus, and avoid putting a dangerous strain on our health care system."
- New York will leave restaurants open for now, but requires a 6 foot separation between guests and overall capacity limitations of 50% normal occupancy.
- Officially, Russia only has 63 Confirmed Cases of COVID-19, and Zero deaths.
- Russia has increased oil output in production and price war with Saudi Arabia.
- Oil Prices are down more than 60% year to date worldwide, Natural Gas down nearly 50%.
- Nearly all US Shale Oil producers are expected to post net-losses for 2020, according to industry experts at Oilprice.com. https://oilprice.com/Energy/Crude-Oil/Big-Oil-Is-Literally-Burning-Cash-In-The-Permian.html
- Food producers and supply chain managers say there is generally enough nonperishable food on shelves, in warehouses and on the production line to last several months. Bu labor shortages due to a shut-down, illness or travel restrictions could create localized supply disruptions.
- The challenge could soon be getting that food to the right places once local distribution centers are wiped out.
- In addition, millions of Americans, who previously got food at restaurants or in school or at work cafeterias, will have to serve themselves at home, with food bought from grocery big-box enterprises.
- "The replenishment cycle is going to be the real test here," said Sean Maharaj, a supply chain expert and managing director at AArete, a consulting firm in Chicago. "Manufacturers don't sit on a lot of extra inventory, so what do you do when everything you have is depleted?"
- Beyond that, industry officials acknowledge some uncertainty about how exactly they will be able to replenish their stocks if factories and ports worldwide are short-staffed.
- Over the past decade, retailers have moved aggressively to become more efficient by slimming down on inventory instead of stockpiling in warehouses.
- "Turns out Just In Time delivery systems have a downside," said Maharaj.