2020 Week #21

This is your weekly news update for May 17th through 23rd, 2020.  There is 1 in-depth summary with 9 other notable headlines reported this week.

Summary #1.  Coronavirus Update:

Visuals and Graphs:
Covid Cited News Sources:
  • Ritholtz - The Big Picture.
  • WSJ - Workers File 2.4 Million Unemployment Claims.
  • Axios - 2.4 million Americans filed for unemployment last week.
  • AP News - Job market remains grim even as U.S. tentatively reopens.
  • WSJ - Nearly Half of Adults Live in U.S. Households That Lost Income Since Lockdowns Started.
  • NPR - About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds.
  • NYT - Feds Suspect Vast Fraud Network Is Targeting U.S. Unemployment Systems.
  • WSJ - J.C. Penney to Close Nearly 30% of Its Stores.
  • Reuters - J.C. Penney has need for speed in bankruptcy, lawyer says.
  • Investors - Report Says Amazon Could Be Interested In JC Penney Acquisition.
  • WSJ - Bankrupt Pier 1 Imports Says Stores to Permanently Shut Down.
  • NPR - Home-Decor Retailer Pier 1 Looks To Close For Good.
  • Axios - Hertz files for Chapter 11 bankruptcy.
  • Axios - Trump says he's taking hydroxychloroquine despite FDA warnings.
  • AP News - Trump says he’s taking malaria drug to protect against virus.
  • AP News - My ‘decision to make’: Trump defends criticized use of drug.
  • NYMAG - Trump Takes Hydroxychloroquine, Does Not Understand How Science Works.
  • NYMAG - Study: Treating COVID-19 With Hydroxychloroquine Increases Risk of Death.
  • NYMAG - Hydroxychloroquine and the Coronavirus: What Studies Actually Say.
  • NYT - Trump Says He’s Taking Hydroxychloroquine, Prompting Warning From Health Experts.
  • NYT - Trump’s Inaccurate Claims on Hydroxychloroquine.
  • Axios - Hydroxychloroquine linked to increased risk of death in COVID-19 patients.
  • Axios - Trump dismisses FDA warnings about hydroxychloroquine.
  • WSJ - Moderna Says Initial Covid-19 Vaccine Results Are Positive.
  • Axios - Moderna has a huge day after igniting hope for coronavirus cure.
  • NPR - Trump Says Funding Cuts Will Be Permanent If WHO Doesn't Commit To 'Major' Changes.
  • Reuters - Trump threatens to halt WHO funding, review U.S. membership.
  • Reuters - Republican senators put brakes on additional coronavirus aid.
  • Axios - McConnell to Trump: Next coronavirus bill must be under $1 trillion.
  • NYT - Obama Says U.S. Lacks Leadership on Virus in Commencement Speeches.
  • Axios - Obama: Pandemic has exposed lack of leadership.
  • AP News - Obama criticizes virus response in online graduation speech.
  • WSJ - In Commencement Addresses, Obama Takes Aim at Coronavirus Response.
  • NPR - Trump Calls On States To Reopen Places Of Worship Immediately.
  • AP News - Trump declares churches ‘essential,’ calls on them to reopen.
  • NYT - Firing a Salvo in Culture Wars, Trump Pushes for Churches to Reopen.
Other Notable headlines from the week were:
  1. From All Sources ( NYT, Axios, WSJReuters1, Reuters2, AP).  The White House says Pompeo requested the firing of the State Department watch dog.  The Firing Puts Pompeo’s Use of Taxpayer Funds Under Scrutiny.
  2. From All Sources (NYT, Axios1, Axios2, Reuters1Reuters, AP, WSJ).  A federal appeals court ordered the judge to Explain his Handling of the Flynn Case as the FBI Announces a Review to determine whether or not it committed misconduct.  This comes as 11 hundred former US prosecutors denounce the attempt to drop the Flynn charges.
  3. From All sources (WSJ, NYT, Axios, AP, NPR ).  The Supreme Court temporarily blocks the release of Mueller grand jury material to the House.
  4. From Multiple Sources (NYT, Reuters, AP).  Trump to withdraw US out of Open Skies Arms Control Treaty due to Russia violating the treaty.  Russia has prevented flight over a suspected Nuclear deployment sight.
  5. From All Sources (Axios, NYT, AP, Reuters).  10,000 are evacuated in Michigan as 2 dams fail amid rising floodwaters.
  6. From The New York Times and AP News (One, Two).  The first tropical storm of the year hits North Carolina 2 weeks before the official hurricane season.  
  7. From Multiple Sources (NYT, NPR, NYMAG (One, Two) ).  Trump Threatens to Cut Off Funds for States That Expand Voting by Mail, stating that the Democrats want to 'Rig" the election.  
  8. From All Sources (NYT1, NYT2, Reuters1, Reuters2, WSJ).  US State Department threatens Action on China Over new Hong Kong Security Law.  
  9. And From Axios and The Wall Street Journal.  Spotify pays Joe Rogan $100M to exclusively serve his podcast which is rated #2 on Apple charts.
This has been your weekly news update for May 17th through 23rd, 2020.   Links to all the sources for each news summary are in the extensively formatted show notes.  If your particular podcast player doesn’t show the notes neatly, then you might consider a different podcast player, or visit our website, https://www.wnu.news/.  To ensure we can continue creating this podcast, please subscribe, share it with your friends, & review us on iTunes & Google.  Thank you for listening.

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