Speaker Nancy Pelosi said Tuesday on MSNBC's "Morning Joe" that President Trump should "immediately" invoke the Defense Production Act to require U.S. companies to assemble medical equipment for health care workers fighting coronavirus.
Why it matters: Hospitals around the country lack medical equipment, like ventilators and respirators, as the number of Americans in need of treatment for the virus rises — and the wartime measure would ramp up production of the materials.
Official statistics out of China suggest it is bouncing back from the coronavirus outbreak that shuttered the country for much of the first quarter, but there is growing speculation that data is being massaged to paper over a bevy of nagging issues.
Driving the news: China said manufacturing activity returned to expansion in March, with its official metric rising to 52.0. Economists had expected a reading of 45.0 after hitting a record low of 35.7 in February.
Video conferencing giant Zoom's stock has taken flight in recent weeks, up 121% this year while the S&P 500 has fallen 19% — but the good times may be coming to an end.
Driving the news: The New York attorney general's office sent a letter to the company Monday outlining a number of concerns about security flaws and vulnerabilities "that could enable malicious third parties to, among other things, gain surreptitious access to consumer webcams," the New York Times reported.
The Dallas Fed's business activity index fell to -70, the lowest reading ever, dating back to the survey's creation in 2004.
By the numbers: Measures of production, new orders, shipments and capacity utilization were the lowest since 2009 while prices declined and wage growth slowed, according to the survey of 110 Texas manufacturers conducted March 17–25.
The Centers for Medicare and Medicaid Services yesterday issued new temporary rules that will allow hospitals to expand their capacity during the coronavirus epidemic.
Between the lines: These new flexibilities are designed to allow health care workers to treat more patients than the system is built for, and to help separate patients with the coronavirus from those without it.
The coronavirus is forcing major media giants to leverage layoffs and pay cuts in order to survive the coronavirus pandemic.
Why it matters: In the first few weeks of the outbreak in the U.S., local outlets were sounding the alarm over lost advertising revenue from shuttered local businesses. As the crisis continues, big national media companies say they are bracing for the worst.
The coronavirus is providing cover to autocrats, dictators, and even some democratically-elected leaders who were already looking for reasons to undermine the independent media.
Driving the news: Recent examples show the press is being shut out by the government under the guise of stopping misinformation from spreading about the pandemic.
With almost all U.S. states closing schools until at least the end of the month, most children ages 6–12 say they are spending at least 50% more time in front of screens daily, according to new data from SuperAwesome, a kids technology company.
Why it matters: Parents were already struggling to limit screen time for kids when they were in school, let alone trying to pull them away from their devices while they are forced to stay home away from their friends, peers and regular activities.
The San Francisco Bay Area is in waiting mode right now, hoping its first-in-the-nation adoption of "shelter in place" policies give it a shot at dodging the virus crisis' worst-case scenarios.
Yes, but: The area, which has lately struggled to deal with widening economic inequality engendered by tech industry wealth, now also faces significant county-by-county variations in coronavirus impact, with Santa Clara County hardest hit.
With in-person elections on Nov. 3 the hope but no longer a certainty, states are racing to chip away age-old barriers to alternatives in time for the general election.
Why it matters: State laws and political calculations remain formidable obstacles to expanding voting options. And the price tag for changes could top $2 billion.