Treasury Secretary Steven Mnuchin announces via Twitter the IRS has delayed the deadline for tax filing to July 15th. However, anyone expecting a refund should file asap for obvious reasons.
The White House coronavirus task force briefing is being held today at 11:45am ET.
UPDATE: Video Added
Comrade citizens, California governor Gavin Newsome announced today he has issued a statewide “stay at home” order. California residents can only leave their homes when necessary and/or critical during the coronavirus pandemic.
Public gatherings are not allowed. [Executive Order HERE] Under the order California residents can travel alone and visit: Gas stations, Pharmacies, Grocery stores, farmers markets, food banks, convenience stores, take-out and delivery restaurants; Banks and Laundromats/laundry services.
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We are entering into phase-3 of the supply-chain distribution shortages within the retail food sector. Phase-1 was immediate impact. Phase-2 was the spread to the warehouse and distribution. Phase-3 impacts are further upstream, processing & suppliers.
The current shelf-stock shortages are not soon to reconcile; however, the shortages are still in the regional phase. Meaning there is a big difference in the availability of products depending on the type of distribution network, and the specific retailers, in your area.
The ‘spider-spread effect’ happens when large metropolitan chains, serving large urban and megalopolis areas (1 million+ residents in 50 mile radius), reach a critical shortage in their supply network; and those residents then drive distances to locate their needs. This is going on now across the country as regional supply chains try to keep up with demand.
Most consumers are not aware food consumption in the U.S. is now a 50/50 proposition. Approximately 50% of all food was consumed “outside the home” (or food away from home), and 50% of all food consumed was food “inside the home” (grocery shoppers).
As you watch this, you start to realize the national panic hasn’t yet really sunk in. However, think carefully about the instability of Mr. Slavitt and how he expresses it.
Former Obamacare official Andy Slavitt appears on MSNBC in a state of panic to demand that all medical masks and equipment throughout the nation be sent to New York City; while accusing other states, including Texas, of “hoarding” critical healthcare supplies.
Former FEMA Administrator Craig Fugate recognizes that participating in any discussion with this level of emotional panic is not going to be helpful, he walks off set. WATCH:
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Panicked NYC resident and visibly unstable former ACA official Andy Slavitt, is talking about medical equipment when he demands all masks and supplies be redirected to New York with a sense of urgency. However, imagine *if* the shortage *was* food. Prepare yourselves and your family accordingly.
During the task force briefing President Trump announced authorizing to the FDA to relax regulationsto speed up clinical trials for several anti-viral remedies to treat coronavirus. Specifically citing a therapudic drug known as chloroquine President Trump noted trials are underway and could be made available for treatment “almost immediately.”
Now, a drug called chloroquine — and some people would add to it “hydroxy-.” Hydroxychloroquine. So chloroquine or hydroxychloroquine. Now, this is a common malaria drug. It is also a drug used for strong arthritis. If somebody has pretty serious arthritis, also uses this in a somewhat different form.
FDA commissioner Stephen Hahn told reporters scientists still have to conduct clinical trials to see if chloroquine, hydroxychloroquine, and several other anti-viral medications are effective against coronavirus. However, since chloroquine and hydroxychloroquine are already FDA approved to treat malaria & arthritis, they could be used to treat other conditions, including coronavirus, in an “off label” basis.
Earlier today President Trump announced he was invoking sections of the Defense Product Act to help mitigate COVID-19 (Chinese Coronavirus) in the U.S. The act empowers the government with greater authority to control specific sectors of the U.S. economy, and specific industries, needed to respond to national emergency needs.
The three main components of the Defense Production Act include:
♦ Companies are required to accept and prioritize contracts from the government and to prioritize “materials, services, and facilities to promote the national defense or to maximize domestic energy supplies.” While this provision has historically been used to ramp up military production, in the midst of the COVID19 pandemic the act will be used for medical supplies.
♦ The second provision in the act provides financial measures, such as loans, loan guarantees, purchases, and purchase commitments, to speed up the production of materials “needed to support national defense and homeland security procurement requirements.”
♦ The act also addresses voluntary agreements – or what the government says is “an association of private interests, approved by the Government to plan and coordinate actions in support of the national defense.” The proviso permits business competitors to work together to plan and coordinate measures to increase the supply of materials as directed by the U.S. government.
Immediately after invoking the act, President Trump signed an executive order to prioritize Health and Medical resources (masks, respirators, medical equipment).
Mike Pence: In the fight against the coronavirus, the Trump administration is not just taking a whole of government approach, but a whole of America approach.
We’ve worked seamlessly with state and local leaders from both political parties. Since January, we’ve held 36 briefings with more than 15,000 state, local and tribal leaders from every state and territory in America. And that is in addition to thousands of individual conversations with state, local, and tribal officials.
A vaccine for the coronavirus has already begun a phase 1 clinical trial. The president has dramatically expanded access to telemedicine for seniors on Medicare. And the Health and Human Services Department is collaborating with Johnson & Johnson to develop treatments for coronavirus infections, while actively soliciting proposals for other medical products to help combat the virus.
This is a big sector hit to the U.S. economy. All of the major U.S. auto manufacturers have agreed to shut down all production facilities, through March 30th, in the latest thunder-shock to the economy.
DETROIT – Ford Motor Co., General Motors and Fiat-Chrysler will close their plants due to the coronavirus (COVID-19) outbreak.
Ford said in a statement Wednesday that its U.S., Canadian and Mexican manufacturing facilities will be halted after Thursday evening’s shifts through March 30 to “thoroughly clean and sanitize the company’s plants.”
The entire nation is being impacted by a multitude of consequences from coronavirus; millions of Americans concerned about lost work, lost wages and possibly lost jobs; the largest economy in the world at a near standstill; trillions of wealth lost and rippling economic consequences yet to be properly quantified;…. and yet the White House press pool is worried about calling COVID-19 the “Chinese coronavirus”?
Amid all of the seemingly unending and insufferable nonsense from American journalists, this is, yet again, reaching an all time high of stupidity. WATCH:
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