Grocery workers are key during the virus. And they’re afraid

Posted on: April 6th, 2020 by ABC News No Comments

Grocery workers across the globe are working the frontlines during lockdowns meant to keep the coronavirus from spreading

Grocery workers are key during the virus. And they’re afraid

Posted on: April 6th, 2020 by ABC News No Comments

Grocery workers across the globe are working the frontlines during lockdowns meant to keep the coronavirus from spreading

Coronavirus economic updates: Dow spikes more than 800 points in early rally

Posted on: April 6th, 2020 by ABC News No Comments

narvikk/iStock(NEW YORK) — The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here’s the latest news on how the COVID-19 crisis is affecting the economy:

US financial markets spike early Monday

U.S. financial markets started the week off by rallying sharply on Monday morning, with the Dow Jones Industrial Average opening up more than 850 points, or approximately 4%.

The S&P 500 spiked 3.8% and the Nasdaq was up 3.7%.

The rally comes as investors welcomed some signs over the weekend that the COVID-19 outbreak was nearing its peak in certain parts of the U.S.

In New York, the number of deaths in the state dropped from the previous day and Gov. Andrew Cuomo suggested the state could be “near the apex” of the crisis.

“We’re looking at this seriously now because by the data we could be very near the apex or the apex could be a plateau and we could be beyond that plateau right now,” Cuomo said at a news conference Sunday. “We won’t know until we see the next few days, does it go up or does go down, that’s what the statisticians will tell you today.”

Cuomo also said the total number of hospitalizations in the past 24 hours fell to 574 from a high of 1,412 just five days ago.

He said the downward trend was “partially a function of more people being discharged,” and that 75% of the people who have gone into the hospital system have recovered and have been discharged.

Copyright © 2020, ABC Audio. All rights reserved.

Coronavirus economic updates: Dow spikes more than 800 points in early rally

Posted on: April 6th, 2020 by ABC News No Comments

narvikk/iStock(NEW YORK) — The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here’s the latest news on how the COVID-19 crisis is affecting the economy:

US financial markets spike early Monday

U.S. financial markets started the week off by rallying sharply on Monday morning, with the Dow Jones Industrial Average opening up more than 850 points, or approximately 4%.

The S&P 500 spiked 3.8% and the Nasdaq was up 3.7%.

The rally comes as investors welcomed some signs over the weekend that the COVID-19 outbreak was nearing its peak in certain parts of the U.S.

In New York, the number of deaths in the state dropped from the previous day and Gov. Andrew Cuomo suggested the state could be “near the apex” of the crisis.

“We’re looking at this seriously now because by the data we could be very near the apex or the apex could be a plateau and we could be beyond that plateau right now,” Cuomo said at a news conference Sunday. “We won’t know until we see the next few days, does it go up or does go down, that’s what the statisticians will tell you today.”

Cuomo also said the total number of hospitalizations in the past 24 hours fell to 574 from a high of 1,412 just five days ago.

He said the downward trend was “partially a function of more people being discharged,” and that 75% of the people who have gone into the hospital system have recovered and have been discharged.

Copyright © 2020, ABC Audio. All rights reserved.

Stocks rise sharply on signs of progress in battling virus

Posted on: April 6th, 2020 by ABC News No Comments

Stocks jumped in markets around the world Monday after some of the hardest-hit areas offered sparks of hope that the worst of the coronavirus outbreak may be on the horizon

Stocks rise sharply on signs of progress in battling virus

Posted on: April 6th, 2020 by ABC News No Comments

Stocks jumped in markets around the world Monday after some of the hardest-hit areas offered sparks of hope that the worst of the coronavirus outbreak may be on the horizon

Coronavirus patients rush to join studies of Gilead drug

Posted on: April 6th, 2020 by ABC News No Comments

Coronavirus patients around the world are rushing to join studies of an experimental drug that showed promise against some similar viruses in the past

Coronavirus patients rush to join studies of Gilead drug

Posted on: April 6th, 2020 by ABC News No Comments

Coronavirus patients around the world are rushing to join studies of an experimental drug that showed promise against some similar viruses in the past

US company poised to start COVID-19 vaccine safety test

Posted on: April 6th, 2020 by ABC News No Comments

A second U.S. company is poised to begin a small safety test of a vaccine against the new coronavirus

US company poised to start COVID-19 vaccine safety test

Posted on: April 6th, 2020 by ABC News No Comments

A second U.S. company is poised to begin a small safety test of a vaccine against the new coronavirus

Court approves Dean Foods asset sale

Posted on: April 6th, 2020 by ABC News No Comments

A bankruptcy court has approved the asset sale of one of the U.S.’s biggest dairy companies, Dean Foods

Court approves Dean Foods asset sale

Posted on: April 6th, 2020 by ABC News No Comments

A bankruptcy court has approved the asset sale of one of the U.S.’s biggest dairy companies, Dean Foods

Coronavirus economic updates: Futures on US financial markets point to opening spike

Posted on: April 6th, 2020 by ABC News No Comments

narvikk/iStock(NEW YORK) — The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here’s the latest news on how the COVID-19 crisis is affecting the economy:

Futures on US financial markets point to opening spike

Futures on U.S. financial markets pointed to an opening surge Monday morning.

Futures on the Dow Jones Industrial Average were up more than 700 points, or 3.4%. Futures on the S&P 500 were up 3.5%.

The rally comes as investors welcomed some signs over the weekend that the COVID-19 outbreak was nearing its peak in certain parts of the U.S.

In New York, the number of deaths in the state dropped from the previous day and Gov. Andrew Cuomo suggested the state could be “near the apex” of the crisis.

“We’re looking at this seriously now because by the data we could be very near the apex or the apex could be a plateau and we could be beyond that plateau right now,” Cuomo said at a news conference Sunday. “We won’t know until we see the next few days, does it go up or does go down, that’s what the statisticians will tell you today.”

Cuomo also said the total number of hospitalizations in the past 24 hours fell to 574 from a high of 1,412 just five days ago.

He said the downward trend was “partially a function of more people being discharged,” and that 75% of the people who have gone into the hospital system have recovered and have been discharged.

Copyright © 2020, ABC Audio. All rights reserved.

Coronavirus economic updates: Futures on US financial markets point to opening spike

Posted on: April 6th, 2020 by ABC News No Comments

narvikk/iStock(NEW YORK) — The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

Here’s the latest news on how the COVID-19 crisis is affecting the economy:

Futures on US financial markets point to opening spike

Futures on U.S. financial markets pointed to an opening surge Monday morning.

Futures on the Dow Jones Industrial Average were up more than 700 points, or 3.4%. Futures on the S&P 500 were up 3.5%.

The rally comes as investors welcomed some signs over the weekend that the COVID-19 outbreak was nearing its peak in certain parts of the U.S.

In New York, the number of deaths in the state dropped from the previous day and Gov. Andrew Cuomo suggested the state could be “near the apex” of the crisis.

“We’re looking at this seriously now because by the data we could be very near the apex or the apex could be a plateau and we could be beyond that plateau right now,” Cuomo said at a news conference Sunday. “We won’t know until we see the next few days, does it go up or does go down, that’s what the statisticians will tell you today.”

Cuomo also said the total number of hospitalizations in the past 24 hours fell to 574 from a high of 1,412 just five days ago.

He said the downward trend was “partially a function of more people being discharged,” and that 75% of the people who have gone into the hospital system have recovered and have been discharged.

Copyright © 2020, ABC Audio. All rights reserved.

Four tips to extend the life of groceries during coronavirus pandemic

Posted on: April 6th, 2020 by ABC News No Comments

artisteer/iStock(NEW YORK) — With many people stocking up on food and staying at home due to the coronavirus pandemic, it’s easy to get confused by the dates listed on the label of certain food products with terms like “sell by” or “use by.”

But Amy Keating, a registered dietitian with Consumer Reports, is urging consumers not to be discouraged by those dates.

“All the different dates are all related to the food’s quality and not safety,” Keating told ABC News’ Good Morning America.

Now she’s encouraging people to stock up and maximize the freshness and quality of items by storing them in the freezer.

Here are four of her tips to extend the life of your groceries:

1. Keep an eye on eggs past expiration date

Keating says eggs can last in the fridge for 3-5 weeks after they are purchased.

“The date on the egg carton is not a live and die date,” she said. “You don’t need to throw the eggs out.”

She says they can even be kept in the freezer for about a year if they won’t be consumed during that time frame. To store, simply crack the eggs and beat them, then freeze them in an air tight container.

2. Blanch veggies

Leafy greens like kale or spinach can be kept frozen in the freezer by first dropping the leaves in boiling water for a short period then transferring them to ice water to stop the cooking. Keating says blanching them this way deactivates the enzymes.

After they’re in the ice water, they can be kept in a container in the freezer for up to 10 months.

3. Freeze bread

If you’re stocking up on pre-sliced bread, you can save the loaves in the freezer until you’re ready to eat. Keating says bread can be stored for up to three months in the freezer.

“You want to make sure that it’s pre-sliced so that you’re not thawing and refreezing it,” she said. “You’re taking out exactly what you need.”

For more information on other foods and how to extend the life of groceries, a good tool is the USDA FoodKeeper App, which offers specific storage timelines for your fridge, freezer and pantry for various products.

4. Wash berries as you eat them

Keating recommends removing the stems from berries when you get home from the market and placing the berries in a paper towel-lined container. This will help prevent the berries from getting moldy, she says.

“Just prior to eating them, wash them,” Keating said. “Don’t wash the whole batch and store them in the refrigerator. They’re only going to spoil that much quicker.”

Copyright © 2020, ABC Audio. All rights reserved.

Four tips to extend the life of groceries during coronavirus pandemic

Posted on: April 6th, 2020 by ABC News No Comments

artisteer/iStock(NEW YORK) — With many people stocking up on food and staying at home due to the coronavirus pandemic, it’s easy to get confused by the dates listed on the label of certain food products with terms like “sell by” or “use by.”

But Amy Keating, a registered dietitian with Consumer Reports, is urging consumers not to be discouraged by those dates.

“All the different dates are all related to the food’s quality and not safety,” Keating told ABC News’ Good Morning America.

Now she’s encouraging people to stock up and maximize the freshness and quality of items by storing them in the freezer.

Here are four of her tips to extend the life of your groceries:

1. Keep an eye on eggs past expiration date

Keating says eggs can last in the fridge for 3-5 weeks after they are purchased.

“The date on the egg carton is not a live and die date,” she said. “You don’t need to throw the eggs out.”

She says they can even be kept in the freezer for about a year if they won’t be consumed during that time frame. To store, simply crack the eggs and beat them, then freeze them in an air tight container.

2. Blanch veggies

Leafy greens like kale or spinach can be kept frozen in the freezer by first dropping the leaves in boiling water for a short period then transferring them to ice water to stop the cooking. Keating says blanching them this way deactivates the enzymes.

After they’re in the ice water, they can be kept in a container in the freezer for up to 10 months.

3. Freeze bread

If you’re stocking up on pre-sliced bread, you can save the loaves in the freezer until you’re ready to eat. Keating says bread can be stored for up to three months in the freezer.

“You want to make sure that it’s pre-sliced so that you’re not thawing and refreezing it,” she said. “You’re taking out exactly what you need.”

For more information on other foods and how to extend the life of groceries, a good tool is the USDA FoodKeeper App, which offers specific storage timelines for your fridge, freezer and pantry for various products.

4. Wash berries as you eat them

Keating recommends removing the stems from berries when you get home from the market and placing the berries in a paper towel-lined container. This will help prevent the berries from getting moldy, she says.

“Just prior to eating them, wash them,” Keating said. “Don’t wash the whole batch and store them in the refrigerator. They’re only going to spoil that much quicker.”

Copyright © 2020, ABC Audio. All rights reserved.

Photographer offers free virtual photo shoots amid COVID-19 crisis

Posted on: April 6th, 2020 by ABC News No Comments

scyther5/iStock(NEW YORK) — To help reduce the spread of COVID-19, businesses not deemed essential have been ordered to close, leaving millions of Americans without work. One South Florida photographer, however, has an innovative way of keeping his photography business running while still practicing social distancing.

Kareem Virgo is unable to meet with his clients in-person due to current stay-at-home orders. With the help of his wife, they came up with the idea to capture photos during FaceTime calls, then later edit the images and send clients the finished work.

“Of course this isn’t the normal photography gear that I use, but the experience itself outweighs the shoot,” Virgo told ABC News’ Good Morning America.

During the 5- to 10-minute video calls, Virgo guides people on where to stand, how to hold their iPhones and which ways to pose. With thousands of closed barber shops and beauty salons, he even offers to touch up the hair and add makeup during the editing process.

Just a week after starting these virtual photoshoots, he has received hundreds of requests from people all across the country.

“I’m still in shock,” he said. “Knowing that we’ve touched so many people in a special way has been one of the most humbling experiences.”

Although his photography business, Reem Photography, is his main source of income, Virgo ultimately made the decision not to charge for the sessions, noting the intent was merely to spread positivity. His wife, Sandy Virgo, who handles the management side of the business, says it’s great to see spirits lifted during this time of global uncertainty and stress.

“We couldn’t put a price tag on this,” Sandy Virgo told GMA. “It’s bringing joy to a lot of people even through this tragedy.”

Within the next few weeks, Virgo has nearly 500 bookings lined up from people spanning across the nation. Faith Thomas, who recently had her virtual photos taken with her boyfriend, Wadly, understands that it’s more than just a picture.

“Having this photoshoot is the glimpse of hope that we need during this time,” Thomas said. “It’s a reminder that there’s still beauty in all of the chaos going on.”

Other clients, like Jamar Germain of Miami, were left speechless after seeing the finished product.

“He did such a great job capturing the essence of the picture. My girlfriend and I can’t stop looking at it,” Germain said.

Virgo plans to continue the virtual photo shoots even after the global health crisis, making it easier for those unable to attend in-person shoots.

With his newfound success, he now has hopeful advice to other business owners who have been impacted by the coronavirus: “Try to make the most out of the situation, be a little fearless, and try something new because you don’t know who you might inspire.”

Copyright © 2020, ABC Audio. All rights reserved.

Photographer offers free virtual photo shoots amid COVID-19 crisis

Posted on: April 6th, 2020 by ABC News No Comments

scyther5/iStock(NEW YORK) — To help reduce the spread of COVID-19, businesses not deemed essential have been ordered to close, leaving millions of Americans without work. One South Florida photographer, however, has an innovative way of keeping his photography business running while still practicing social distancing.

Kareem Virgo is unable to meet with his clients in-person due to current stay-at-home orders. With the help of his wife, they came up with the idea to capture photos during FaceTime calls, then later edit the images and send clients the finished work.

“Of course this isn’t the normal photography gear that I use, but the experience itself outweighs the shoot,” Virgo told ABC News’ Good Morning America.

During the 5- to 10-minute video calls, Virgo guides people on where to stand, how to hold their iPhones and which ways to pose. With thousands of closed barber shops and beauty salons, he even offers to touch up the hair and add makeup during the editing process.

Just a week after starting these virtual photoshoots, he has received hundreds of requests from people all across the country.

“I’m still in shock,” he said. “Knowing that we’ve touched so many people in a special way has been one of the most humbling experiences.”

Although his photography business, Reem Photography, is his main source of income, Virgo ultimately made the decision not to charge for the sessions, noting the intent was merely to spread positivity. His wife, Sandy Virgo, who handles the management side of the business, says it’s great to see spirits lifted during this time of global uncertainty and stress.

“We couldn’t put a price tag on this,” Sandy Virgo told GMA. “It’s bringing joy to a lot of people even through this tragedy.”

Within the next few weeks, Virgo has nearly 500 bookings lined up from people spanning across the nation. Faith Thomas, who recently had her virtual photos taken with her boyfriend, Wadly, understands that it’s more than just a picture.

“Having this photoshoot is the glimpse of hope that we need during this time,” Thomas said. “It’s a reminder that there’s still beauty in all of the chaos going on.”

Other clients, like Jamar Germain of Miami, were left speechless after seeing the finished product.

“He did such a great job capturing the essence of the picture. My girlfriend and I can’t stop looking at it,” Germain said.

Virgo plans to continue the virtual photo shoots even after the global health crisis, making it easier for those unable to attend in-person shoots.

With his newfound success, he now has hopeful advice to other business owners who have been impacted by the coronavirus: “Try to make the most out of the situation, be a little fearless, and try something new because you don’t know who you might inspire.”

Copyright © 2020, ABC Audio. All rights reserved.

Nations flood economies with aid; airlines fly into storm

Posted on: April 6th, 2020 by ABC News No Comments

Central banks and governments continue to buy time, flooding their economies with trillions in aid

Nations flood economies with aid; airlines fly into storm

Posted on: April 6th, 2020 by ABC News No Comments

Central banks and governments continue to buy time, flooding their economies with trillions in aid

Airbus asked to cancel contract; Japan offers stimulus

Posted on: April 6th, 2020 by ABC News No Comments

The founder and top shareholder of European airline easyJet says the company has enough money only to get through August as it struggles with the global lockdowns on business and travel

Airbus asked to cancel contract; Japan offers stimulus

Posted on: April 6th, 2020 by ABC News No Comments

The founder and top shareholder of European airline easyJet says the company has enough money only to get through August as it struggles with the global lockdowns on business and travel

Shares rebound on signs of progress in battling virus

Posted on: April 6th, 2020 by ABC News No Comments

Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making progress in some hard-hit areas

Shares rebound on signs of progress in battling virus

Posted on: April 6th, 2020 by ABC News No Comments

Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making progress in some hard-hit areas

Patients rush to join studies testing drug for coronavirus

Posted on: April 6th, 2020 by ABC News No Comments

Coronavirus patients around the world are rushing to join studies of an experimental drug that showed promise against some similar viruses in the past

Patients rush to join studies testing drug for coronavirus

Posted on: April 6th, 2020 by ABC News No Comments

Coronavirus patients around the world are rushing to join studies of an experimental drug that showed promise against some similar viruses in the past

This Week: Debt tally, PriceSmart earns, consumer sentiment

Posted on: April 6th, 2020 by ABC News No Comments

The Federal Reserve issues its February tally of U.S. consumer borrowing Tuesday

This Week: Debt tally, PriceSmart earns, consumer sentiment

Posted on: April 6th, 2020 by ABC News No Comments

The Federal Reserve issues its February tally of U.S. consumer borrowing Tuesday

Governors plead for food stamp flexibility amid pandemic

Posted on: April 6th, 2020 by ABC News No Comments

There are only a handful of states in the country where food aid recipients can buy groceries online

Governors plead for food stamp flexibility amid pandemic

Posted on: April 6th, 2020 by ABC News No Comments

There are only a handful of states in the country where food aid recipients can buy groceries online