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799 people died from coronavirus in New York over the past 24 hours, a record high for the third straight day that brings the state's total death toll to 7,067.

Why it matters: Gov. Andrew Cuomo said at a press conference that social distancing is helping to "flatten the curve" of coronavirus hospitalizations and that deaths are a lagging indicator. Still, he called the death figures "shocking and painful," noting that the virus has killed more than double the number of people who died in New York on 9/11.

  • New York is now planning to bring in additional funeral directors to manage the massive loss of life, Cuomo said.
  • The governor also said that New York will start an effort called "New York Loves" that will coordinate the charities, nonprofits and foundations that are looking to help the state recover from the crisis.

What he's saying:

“9/11 was supposed to be the darkest day in New York for a generation. We’ve done everything we can since 9/11 to make sure 9/11 didn’t happen again. We lose 2,753 lives on 9/11. We’ve lost over 7,000 lives to this crisis. That is so shocking and painful and breathtaking, I don’t even have the words for it. 
9/11 was so devastating, so tragic. And then in many ways, we lose so many more New Yorkers to this silent killer. There was no explosion, but it was a silent explosion that just ripples through society with the same randomness, the same evil that we saw on 9/11.”

Go deeper: Cuomo issues executive order to allow New Yorkers to vote absentee

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration.