White House economic adviser Larry Kudlow on Tuesday indicated President Donald Trump may announce specific ramifications for General Motors Co’s plans to cut thousands of jobs and potentially close some of its North America plants.
“I’m going to leave that to him,” Kudlow said when asked if Trump has consequences in mind for the major auto maker. “You may find additional announcements coming on that topic.”
Kudlow, the National Economic Council director, said that while the White House was disappointed with GM’s plans he did not think the shutdowns will affect the overall economy.
GM’s actions add up to the biggest restructuring for the U.S. No. 1 carmaker since its bankruptcy a decade ago, and mark a turning point for the North American auto industry. U.S. automakers have enjoyed nearly a decade of prosperity since the 2008-2009 financial crisis and the government bailouts of GM and the former Chrysler Corp.
Reporting by Roberta Rampton; Writing by Lisa Lambert; Editing by Chizu Nomiyama and Lisa Shumaker
8 Capitol police test positive for coronavirus — 2 weeks after lawmakers flooded the Hill
The coronavirus has made it's way to the Capitol Police, those responsible for security around the U.S. Capitol and lawmakers. Thus far, eight have tested positive, according to CNN and the gestation period of the virus could be concerning for many lawmakers.
"The health and well-being of USCP employees is the Department's top priority," Capitol Police spokesperson Eva Malecki said. "We are implementing a number of proactive measures to respond to the pandemic."
Russian trolls start hyping COVID-19 misinformation — and Rudy Giuliani’s crazed rants about the Bidens
Russian trolls recently have started hyping a mix of misinformation about the coronavirus and crazed conspiracy theories posted by Trump attorney Rudy Giuliani.
The Daily Beast reports that one of the trolls' main information operations revolves around blaming the United States Department of Defense for purportedly creating the coronavirus, even though all credible epidemiologists agree it originated in China.
"The story, posted to Russian-language blogs and Reddit by multiple fake personas, tries to pin the blame on the COVID-19 outbreak on the U.S. and Kazakhstan by casting the virus as the byproduct of a U.S. nonproliferation program in the country," the publication finds. "The trolls pointed to social media posts by a group of hackers calling themselves 'Anonymous Kazakhstan.'"
New single-day record for NY virus deaths but hospitalizations fall
America's coronavirus epicenter of New York recorded a new single-day high of 799 COVID-19 deaths Thursday but Governor Andrew Cuomo said the rate of hospitalizations continued to fall.
Cuomo said 799 people died in the last 24 hours, outdoing the previous high of 779 announced on Wednesday, but added that the curve was flattening because of social confinement measures.
"We had a 200-net increase in hospitalizations, which you can see is the lowest number we've had since this nightmare started," Cuomo told reporters, adding that intensive care admissions were also at the lowest yet.