June 25 coronavirus news

By Helen Regan, Adam Renton, Meg Wagner, Melissa Macaya and Mike Hayes, CNN

Updated 4:35 p.m. ET, November 23, 2020
50 Posts
Sort byDropdown arrow
9:45 a.m. ET, June 25, 2020

"There will be some shutdowns in individual places," but not nationwide, White House adviser says

From CNN's Jason Hoffman

White House Economic adviser Larry Kudlow, when asked about the increase in coronavirus cases across the country and its economic impact, said Thursday that “there will be some shutdowns in individual places or certain stores,” but that he believes the country as a whole will not shutdown again.

He said that while the US has seen an increase in cases nationally of “just a little bit,” multiple states have seen a decrease in cases. 

However, data shows, coronavirus cases continue to surge in the U.S. as some states are reporting record numbers, including the country's three most populous states.

Kudlow was also pleased the new jobless claims were down for the 12th straight week, and said he still believes the economy will have a strong V shaped recovery. 

Conditions in the US labor market are undoubtedly improving, but as CNN's business team noted this morning the road to recovery is long and littered with obstacles. 

Last week's new jobless claims brought the total claims filed since the mid-March to 47.3 million.

Kudlow said he believes the unemployment rate could fall below 10% by year end.

9:38 a.m. ET, June 25, 2020

Stocks open lower

From CNN’s Anneken Tappe

US stocks kicked off in the red on Thursday, adding onto losses from the prior session.

Wednesday had been the worst day for stocks in nearly two weeks following worries of rising Covid-19 infections, quarantine requirements for intra-US travel and proposed tariffs on European imports. 

Data from the Labor Department showed Friday that more people than expected – 1.5 million – filed for first-time jobless benefits last week. The weekly claims have declined for three months now but are still higher than they have ever been before the pandemic.

Here's how the markets opened today:

  • The Dow opened 0.5%, or 121 points, lower.
  • The S&P 500 fell 0.2%.
  • The Nasdaq Composite opened flat.

9:35 a.m. ET, June 25, 2020

Macy’s eliminates nearly 4,000 corporate positions

From CNN's Alison Kosik

People walk by Macy's Herald Square in New York on June 23.
People walk by Macy's Herald Square in New York on June 23. Noam Galai/Getty Images

Macy’s announced a restructuring plan Thursday that will eliminate 3,900 corporate and management jobs as the coronavirus pandemic continues to hurt sales. 

The department store chain says it expects the layoffs will save the company about $630 million per year. The company is trying to cut costs as “the business recovers from the impact of the Covid-19 pandemic.”

“Covid-19 has significantly impacted our business," said Macy's CEO said Jeff Gennette. "While the reopening of our stores is going well, we do anticipate a gradual recovery of business, and we are taking action to align our cost base with our anticipated lower sale.” 

Macy's will also reduce staffing across its stores, supply chain and customer support network. In February, Macy’s said it was cutting 2,000 jobs and planned to close 125 underperforming stores over the next 3 years.

Macy’s reports its first quarter earnings on July 1.

9:26 a.m. ET, June 25, 2020

Travel by car will be favored alternative for Americans to travel this summer, forecast shows 

From CNN's Pete Muntean

People drive on Highway 101 in San Francisco on May 12.
People drive on Highway 101 in San Francisco on May 12. David Paul Morris/Bloomberg/Getty Images

A new forecast from the American Automobile Association says Americans will take 700 million trips this summer, but that number is down nearly 15%, the first decline in more than a decade as the Covid-19 pandemic continues.

AAA booking trends show Americans are making travel plans, though cautiously and more spur of the moment, the forecast says.

With air and rail travel off much more significantly, travel by car is the favored alternative, accounting for 97% of the favored mode of transportation, the forecast shows.

AAA expects more long weekend trips than extended vacations.

“Americans will get out and explore this summer though they’re taking a ‘wait and see approach’ when it comes to booking and are likely to book more long weekend getaways than extended vacations,” said Paula Twidale, AAA’s senior vice president of travel. “When they do venture out, travelers will take to the road with 683 million car trips to satisfy their wanderlust.”

Car trips will also see the smallest decrease in travel volume of just 3% year-over-year.  Without the pandemic, AAA would have been predicting more than 850 million trips, up from last year.

Gas prices are also expected to be about 15% lower than last year — $2.25/gallon.

 Here is a breakdown of the forecast by type of travel:

8:59 a.m. ET, June 25, 2020

New York reports lowest hospitalization rate since pandemic started, Cuomo says

From CNN's Adrienne Vogt

New York Gov. Andrew Cuomo also said the state has now reached the lowest hospitalization rate since the pandemic started. 

Cuomo said he would announce the state's full coronavirus numbers later today, but told CNN’s Alisyn Camerota that there were 996 hospitalizations and 17 deaths across the state as of today.  

The governor also said that travelers will be fined if they violate the travel advisory issued by his state — along with New Jersey and Connecticut — that requires people arriving from states with high coronavirus rates to quarantine for 14 days.

“We worked very hard in New York, and the people of New York sacrificed for the past three months. They closed down, they [wore] masks, they socially distanced. We have the virus under control, and we don't want to see it go up again. It's that simple, and people understand that,” he said. 

“People, at the end of the day, they get it now. It took them too long to get it, but this country gets it now,” he added. 

Cuomo responded to criticism from political leaders such as Florida Gov. Ron DeSantis, who had mandated a 14-day quarantine for travelers from the New York area back in March.

“The people who played politics now are causing this nation great havoc. You're seeing it all across the country. You're seeing the deaths numbers going up. We'll lose tens of thousands more Americans. It's a real American tragedy that we're living through right now,” he said. 

Watch more:

9:30 a.m. ET, June 25, 2020

Another 1.5 million Americans filed initial jobless claims last week as pandemic continues to hit economy

From CNN’s Anneken Tappe

First-time claims for unemployment benefits have fallen in every report for the past 12 weeks. Still, the American jobs crisis is far from over: Another 1.5 million Americans filed initial jobless claims last week.

That's emblematic of how contradictory the current pandemic recession is. Conditions in the US labor market are undoubtedly improving, but the road to recovery is long and littered with obstacles.

Last week's new jobless claims brought the total claims filed since the mid-March to 47.3 million.

And that massive number doesn't include claims filed under the pandemic program that Congress created to provide benefits to more workers who typically aren't eligible for unemployment benefits, including the self-employed.

At least 728,000 people claimed first-time pandemic unemployment assistance, the Department of Labor said Thursday.

Continued regular jobless claims, which count people who have filed for unemployment benefits for at least two weeks in a row, stood at 19.5 million.

8:50 a.m. ET, June 25, 2020

Coronavirus cases are rising in the 3 most populous US states

From CNN's Faith Karimi and Douglas Wood

Florida, Texas and California account for 27.4% of the 328 million people living in the US, according to the latest US Census Bureau estimates.

And while some politicians say the higher number of infections is due to increased testing, that is not the case, said Michael Osterholm, director of the Center for Infectious Disease Research & Policy at the University of Minnesota.

As new cases and hospitalizations skyrocket, Texas Gov. Greg Abbott urged people to stay home.

"Because the spread is so rampant right now, there's never a reason for you to have to leave your home," Abbott told CNN affiliate KBTX. "Unless you do need to go out, the safest place for you is at your home."

Officials encouraged mask wearing and social distancing in places like bars that are often overcrowded. Further state actions could be announced if the virus continues to spread at this rate, Abbott said.

In the nation's most populous state, Gov. Gavin Newsom pleaded with Californians to think of others by wearing masks, keeping a safe distance and washing their hands regularly.

He told residents to "love thy neighbors, like yourself, please" and urged younger people to be especially cautious.

"Be careful about Mom and Dad, and careful about your mother-in-law, your father-in-law, your grandparents," he said.

Florida Gov. Ron DeSantis has attributed the rise to more testing but others say community transmission is playing a key role as the state reopens. Miami Mayor Francis Suarez said he'll ask the city commission to implement a civil fine of up to $250 for those not wearing a mask in public.

Miami implemented an order requiring masks or face coverings in public this week.

"Going out in public without a mask is like driving drunk," said Dr. Jonathan Reiner, a cardiologist and professor of medicine at George Washington University. "If you don't get hurt. You might kill somebody else."

8:44 a.m. ET, June 25, 2020

Younger people with Covid-19 is a "smoldering fire" that will hit vulnerable populations, expert says

From CNN's Gisela Crespo

Younger people testing positive for Covid-19 at a higher rate is a "smoldering fire" that will hit vulnerable populations, said Erin Bromage, a CNN medical analyst and a biology professor at the University of Massachusetts Dartmouth.

Bromage said health experts didn't focus on younger people at the beginning of the pandemic because the priority was the older population and those with underlying health conditions who required hospitalization.

"We're now seeing what is really happening, which is those 18- to 44-year-olds are being affected at a really high rate. Their social networks, their employment, is allowing them to mix at a higher rate, and we're seeing the infection rate – especially in Texas, Florida and Arizona – just skyrocketing in that demographic," she said while speaking today on CNN’s “New Day,”

Bromage explained that while younger people with Covid-19 are not "as prone to severe disease as the elderly," they will still put this population at risk. 

"It's just that smoldering fire – but as more of them get infected, the chance of them interacting with the vulnerable population increases and hits that vulnerable population, and then the inferno just begins," Bromage told CNN's John Berman. "That's when we end up with lots of sickness and lots of disease."

8:40 a.m. ET, June 25, 2020

This Florida county is reporting a 27% Covid-19 positivity rate

From CNN's Rosa Flores and Sara Weisfeldt 

People visit Miami Beach, Florida, on June 22.
People visit Miami Beach, Florida, on June 22. Michele Eve Sandberg/Shutterstock

Miami-Dade County in Florida reported a 27% Covid-19 positivity rate on Wednesday, according to data released by the mayor’s office. The positivity rate is tracked daily by the county.

According to the Miami-Dade Mayor’s office, the goal is to not exceed 10% positivity rate. The county has exceeded the 10% mark for the past 10 days. The current 14-day average is 13.68%.