Fauci Expects Vaccine By Year-End, PA Reinstates State-Wide Restrictions, AL Hospitalizations Hit Record: Live Updates

Tyler Durden Wed, 07/15/2020 - 16:49 Summary: Alabama hospitalizations hit record high Pennsylvania reinstates state-wide restrictions South African virus cases top 300,000  President Jair Bolsonaro tests positive for the virus (again) California shatters record with 11,142 cases reported   Fauci says confident of vaccine by year-end 2021 Rose Bowl Parade on New Year's Day has been canceled  Oklahoma Gov. Kevin Stitt tests positive for COVID-19 as cases rise in state The worst appears to be over for Arizona  New Florida cases slow as total caseloads top 300,000 Partial lockdowns return across India India nears 1 million case mark The US reports another 60k+ cases Tuesday US total: 3,546,566 Global total: 13,495,134 Tokyo raises alert level to the highest of four *  *  *Update (1645ET): Dr. Anthony Fauci predicted on Wednesday the country will meet its goal of a coronavirus vaccine by year's end and was unmoved by the prospect that China would get there first.While there are no guarantees, "I feel good about the projected timetable," Fauci told Reuters in an interview.Pennsylvania rolls back re-opening after reporting about 1,000 new infections Wednesday - re-imposes restrictions on bars, restaurants, and gatherings.Gov. Tom Wolf announced broad new statewide restrictions on bars and restaurants and larger indoor gatherings on Wednesday.Wolf and public health officials detailed the new restrictions in a news conference Wednesday, which aired live on WFMZ.Restaurants' indoor capacity is now limited to 25%, Wolf said. Current outdoor dining rules remain in effect. Indoor gatherings will be limited to 25 people or less, Wolf said in the news conference.  The limit on outdoor gatherings remains at no more than 250 people.Alabama hospitalizations are at a record, with worryingly, 41% of cases between 25 and 49 ys old*  *  *Update (15:45ET): South Africa has breached 300,000 COVID-19 cases on Wednesday, the most on the African continent, reported Reuters. Africa's most industrialized nation recorded a rise of 12,757 cases on Wednesday to reach 311,049 confirmed COVID-19 cases, its health ministry said in a late evening statement, a little over four months since the first case was confirmed in the country. It has tested 2,278,127 people so far and has seen a total of 160,693 recoveries and 4,453 deaths, the statement said. - Reuters *  *  *Update (15:30ET): CNN Brazil reports President Jair Bolsonaro has tested "positive for COVID-19" (again). BREAKING NEWS: Novo exame de Bolsonaro dá positivo para Covid-19 pic.twitter.com/x8PKTRVC5j— CNN Brasil (@CNNBrasil) July 15, 2020CNN Brazil says "the president should also take a third exam to see if he can resume his normal activities." *  *  *Update (15:23ET): California breaks a new daily case record on Wednesday, reports 11,142 cases, surpassing the previous record of 9,816 on July 9. BREAKING: California reported its largest number of new coronavirus infections in a single day Tuesday, hospitalizations hit a new high and deaths approached record levels as the state continued to lose ground in its battle against COVID-19https://t.co/3gLsLk6gWP— KTLA (@KTLA) July 15, 2020*  *  *Update (15:05ET): The Pasadena Tournament of Roses Association has announced via Global Newswire, in a corporate press release, that "with reluctance and tremendous disappointment," the 2021 Rose Bowl Parade on New Year's Day will be canceled due to the coronavirus pandemic. "The health and well-being of our parade participants and guests, as well as that of our volunteer members, professional staff and partners, is our number one priority," Bob Miller, 2021 President of the Pasadena Tournament of Roses Association, said in the release."Obviously this is not what any of us wanted, and we held off on announcing until we were absolutely sure that safety restrictions would prevent us from continuing with planning for 132nd Rose Parade," Miller said. "Enjoyed by millions around the world, the Rose Parade is held each January 1 in celebration of the New Year. Since its inception in 1891, the Parade has not occurred only three times – the wartime years of 1942, 1943, and 1945," the release states. All of this suggests large gatherings will be banned in certain states through this year and into next.  *  *  *Update (14:30ET): The Washington Post outlines the top twelve states with highest daily reported cases per capita:*  *  *Update (14:15ET): Illinois reported 1,187 new COVID-19 cases Wednesday with eight deaths. The state has now reported total cases of around 156,700 and 7,256 deaths. ILLINOIS COVID CASES RISE TO 1,187 WEDNESDAY FROM 707 ILLINOIS POSITIVITY RATE HOLDS AROUND 3%Hospitalization numbers slightly increased, with 1,454 hospitalizations for COVID-19. Of those patients, 324 were in ICUs and 130 were on ventilators, as of Tuesday night. *  *  *Update (14:02ET): The Oklahoma State Department of Health reported 1,075 new cases on Wednesday, bring the total caseload to 22,813. Tuesday's new cases were 993. Across the state, 561 people are hospitalized for virus-related reasons.*  *  *Update (12:07ET): AP News reports Oklahoma Gov. Kevin Stitt has tested positive for COVID-19 and is isolating at home. The first-term Republican governor has backed one of the country’s most aggressive reopening plans, has resisted any statewide mandate on masks and rarely wears one himself.Stitt attended President Donald Trump's rally in Tulsa last month, which health experts have said likely contributed to a surge in coronavirus cases there.One of Stitt's cabinet members, David Ostrowe, tested positive for the coronavirus in March. - AP News*  *  *Update (11:53ET): Despite Moderna shares hitting fresh record highs after promising data from early-stage COVID-19 vaccine, shares of the biotech and Nasdaq futures are selling into lunchtime. *  *  *Update (11:37ET): The worst appears to be over for Arizona's COVID-19 outbreak. We highlighted this on Tuesday, citing a Goldman Sachs report. On Wednesday morning, Arizona reported virus cases rose 2.5% versus the prior 7-day average of 2.9%, a noticeable slowdown. Virus related deaths also slowed with 97 reported, bringing the total to 2,434. Arizona's confirmed COVID-19 cases by day  COVID-19 deaths by day in Arizona​ Here's the latest COVID-19 snapshot of what you need to know in the southwestern U.S. state. ​*  *  *Update (10:56ET): Florida has surpassed 300,000 cases of COVID-19 on Wednesday morning after reporting 10,181 new cases and 112 deaths.FLORIDA COVID-19 CASES RISE 3.5% VS. PREVIOUS 7-DAY AVG. 4.5% FLORIDA POSTS 112 DAILY COVID-19 DEATHS AMONG RESIDENTSDeclining caseloads come after some of the largest totals of the entire pandemic were reported on Sunday (15,300) and Monday (12,624). On Tuesday, a grim reminder the pandemic continues to ravage the Southern part of the US, was when 132 deaths were recorded (highest death toll reported during the pandemic). "Florida currently has 8,324 Covid-19 hospital patients, compared with 8,187 at a comparable time on Tuesday, according to Florida's Agency for Health Care Administration. Three counties in southeast Florida -- Miami-Dade, Broward and Palm Beach -- have the largest numbers of patients with a primary diagnosis of Covid-19, accounting for 3,701 of the total," Bloomberg noted. A top Florida medical expert warned the Sunshine State "is now the epicenter for the virus." "What we were seeing in Wuhan [China] five months ago, we're now seeing here," said Lilian M. Abbo, M.D., an infectious diseases specialist at the University of Miami Health System and the Chief of Infection Prevention for Jackson Health System, was quoted by WPLG Miami. Jackson Health System President and CEO Carlos Migoya blame the exponential rise of COVID-19 cases on people not wearing masks. *  *  *Update (9:40ET): S&P500 futures near five-month highs on Wednesday as vaccine hopes were headlined on Tuesday.  President Trump tweeted ahead of the US cash session, "Great News on Vaccines!" *  *  *Following in the footsteps of tech hub Bangalore, nearly a dozen Indian states have imposed a partial lockdown in high-risk areas as of Wednesday morning in the US as yet another record jump in new COVID-19 infections pushed India's total number of confirmed cases above 900k, after topping 800k just three days ago.India reported 29,429 new cases on Wednesday, a new record, bringing its total reported cases to 936,181. Of those 24,309 have died, with 582 of those deaths reported over the last 24 hours. The country is on track to pass 1 million cases in the next day or two, which would make India the third country - after the US and Brazil - to confirm more than 1 million cases.Like everywhere else, it's widely suspected that the actual numbers are much higher, as limited testing and poor surveillance has made it difficult to capture every case.In addition to Bangalore, which announced its lockdown plans earlier in the week, the eastern state of Bihar, with a population of 128 million, has imposed a new partial lockdown due to its poor health-care system, along with nearly a dozen other states. Since Saturday, Bihar has recorded 1,000+ cases each day despite the limited number of tests available. In East Asia, South Korea confirmed 39 new cases, up from 33 a day ago: Total infections reached 13,551 with 289 deaths.The US, meanwhile, reported 60k+ infections again on Tuesday as the 7-day average hit a new record high. In total, the US has confirmed 3,546,566 cases and 139,166 deaths, according to Worldometer.Though daily case totals remain near record highs, Goldman warned that Arizona, one of the worst-hit states, might finally be past its peak as ICU capacities remain alarmingly close to 100%.As we reported last night, Tokyo raised its alert for coronavirus infections to the highest of four levels on Wednesday, after new cases spiked to record levels in the Japanese capital. Fearing a second wave of infections, the Japanese government also suspended a travel campaign encouraging domestic tourism (which was widely criticized as irresponsible after it was announced).India isn't the only major hot spot seeing new cases spiral out of control: Brazil recorded 41,857 new cases of the novel coronavirus in the past 24 hours and 1,300 new deaths, according to the Health Ministry. The country now has 1,926,824 confirmed cases and 74,133 deaths, making Brazil a distant second behind the US.Finally, the southern Chinese city of Pingxiang, in southern Chinese province of Jiangxi, has become the latest to warn about coronavirus detected on the packaging and container of imported Ecuador shrimp.This isn't the first time China has accused imported seafood of harboring the virus.

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