Categories: Market Overview

U.S. coronavirus deaths surpass Vietnam War toll as Florida readies reopening plan

The U.S. coronavirus death toll climbed above 58,000 on Tuesday, surpassing the loss of American life from the Vietnam War, as Florida’s governor met with President Donald Trump to discuss an easing of economic restraints.

Florida Governor Ron DeSantis, among the latest to lock down his state against the pandemic, has been weighing whether to join other states in a relaxation of workplace restrictions and stay-at-home orders that have been credited with slowing the contagion but which have battered the economy.

DeSantis’ meeting at the White House came as Florida reported its highest single-day death toll from the coronavirus, and two days before Florida’s stay-at-home order was due to expire. Speaking to reporters with Trump in the Oval Office, DeSantis said he would announce a plan on Wednesday for a “phase one” loosening of restrictions on economic activity.

Declining to give details, DeSantis called the plan a “small step,” adding, “we’re going to approach it in a very measured, thoughtful and data-driven way.” Despite a high proportion of elderly residents, who are especially vulnerable to the virus, and having waited until early April to lock down its economy, Florida has averted the worst of the health crisis seen in other states such as New York and New Jersey.

Still, Florida would become the most populous of about a dozen states forging ahead with economic reopenings despite a lack of wide-scale virus testing and the means to trace close contacts of newly infected individuals, as recommended in White House guidelines on April 16.

The number of Americans seeking jobless benefits over the past five weeks has soared to 26.5 million – nearly one in six U.S. workers – and the Trump administration has forecast an April unemployment rate exceeding 16%.

The larger human toll has likewise been staggering. As of Tuesday, 58,605 have died of COVID-19 in the United States, according to a Reuters tally, eclipsing in a few months the total number of Americans killed during 16 years of U.S. military involvement in Vietnam.

The number of known U.S. coronavirus infections has doubled over the past 18 days to more than 1 million. The actual count is believed to be higher, with state public health officials cautioning that shortages of trained workers and materials have limited testing capacity, leaving many infections unrecorded.

U.S. coronavirus deaths surpass Vietnam War toll as Florida readies reopening plan, Reuters, Apr 29

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Dollar: Slowing Momentum, Same Direction

The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…

2 hours ago

Bitcoin Fell Back to Local Support

Bitcoin finds support near the 50-day moving average, but further declines in the stock market…

3 hours ago

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

This website uses cookies