August 24 coronavirus news

By Ben Westcott, Adam Renton, Jack Guy, Ed Upright, Mike Hayes and Meg Wagner, CNN

Updated 12:00 a.m. ET, August 25, 2020
26 Posts
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9:15 a.m. ET, August 24, 2020

Dow futures soar 300 points after Trump pushes plasma treatments

From CNN’s Anneken Tappe

President Donald Trump holds a press conference at the White House on August 23, to announce that the Food and Drug Administration is issuing an emergency authorization for blood plasma as a potential treatment for Covid-19.
President Donald Trump holds a press conference at the White House on August 23, to announce that the Food and Drug Administration is issuing an emergency authorization for blood plasma as a potential treatment for Covid-19. Pete Marovich/Getty Images

Stocks are set for a sharp rally on Monday after the Trump administration approved a potential Covid-19 treatment. With Wall Street in the green, both the S&P 500 and the Nasdaq Composite could reach new all-time highs.

The US Food and Drug Administration on Sunday issued an emergency use authorization for convalescent plasma — blood plasma taken from coronavirus survivors — to treat the virus, saying the "known and potential benefits of the product outweigh the known and potential risks of the product."

Also boosting stocks, the Trump administration is reportedly considering fast-tracking an AstraZeneca Covid-19 vaccine prior to US election, according to the Financial Times. Although far from a certainty, investors were hopeful that a vaccine could come faster than many had expected. AstraZeneca's stock rose 3.6% in premarket trading.

After months of investors saying that only a vaccine or an effective treatment solution for the virus would help the economic recovery along, it's not surprising that the news of the plasma treatment is making waves.

Futures for all three main indexes are sharply higher:

  • Dow futures were up 1%, or about 280 points
  • Futures for the S&P 500 rose 0.9%
  • Nasdaq futures jumped 1.1% higher 

Both the S&P 500 and the Nasdaq finished Friday at record levels, so any incremental increase during this session will push them to new all-time highs. The Dow, meanwhile, remains more than 5% below its February record level as of Friday's close.

8:59 a.m. ET, August 24, 2020

How one French city is enforcing Covid-19 rules

From CNN's Melissa Bell

Marseille, a popular tourist city on France's southern coast, has seen a spike in positive coronavirus cases. French authorities have dispatched police to enforce coronavirus regulations. CNN's Melissa Bell reports.


8:48 a.m. ET, August 24, 2020

Here's the latest on Covid-19 cases rising in Europe

From CNN's Niamh Kennedy

A health care worker in Madrid collects a swab sample at a Covid-19 testing center on August 17.
A health care worker in Madrid collects a swab sample at a Covid-19 testing center on August 17. Oscar Del Pozo/AFP/Getty Images

As governments in Europe battle to control further waves of the coronavirus pandemic, Covid-19 cases are increasing across the continent, as students are returning to school. Here are the latest developments:

Germany continues to grapple with a steady rise in infections, with 711 new cases reported on Monday, according to the Robert-Koch-Institute. This comes after a dramatic increase of 2,034 cases on Saturday, the highest number of infections in the country since April 26. Germany had its infection peak in early April when cases hovered around 6,000 every day. The return of schools and holidaymakers from European travels has played a role in the recent resurgence of cases. 

The UK recorded a further 1,041 new cases on Sunday as its schools prepare to reopen. However, the chief medical officers and deputy chief medical officers of its four nations said they are "confident that there is clear evidence of a very low rate of severe disease in children of primary and secondary school ages compared to adults" in a Sunday statement. It added that teachers are not at an increased risk of dying from Covid-19 compared to the general working-age population, but did recognize that it "is likely opening schools will put some upward pressure on transmission more widely and therefore increase [the] R [reproduction rate]."

France reported its highest increase in case numbers since exiting lockdown, with 4,897 new cases reported Sunday by national health agency Santé Publique France. This takes the total number of cases to 242,899. There are currently 59.8 cases per 100,000 residents, according to the European Center for Disease Prevention and Control (ECDC). Despite the impact on the country's health system being "very limited," the numbers of patients in hospital, particularly in intensive care, is beginning to rise, tweeted Health Minister Olivier Véran on Sunday. Véran urged French citizens to "break this dynamic" as French schools gear up for students to return. 

Belgium was one of the first countries to be hit by a new wave in cases and it drastically tightened social distancing measures on July 27. Belgians will have to continue restricting their social bubble to five people for a further month so that schools can return safely, according to a Thursday press release from the country's National Security Council. The measures appear to be paying off with the average number of daily cases lower than the previous week. Last week there were an average of 493 daily cases compared to a daily average of 581 the previous week, according to figures from the country's epidemiological institute Sciensano published Monday.

Ireland continues to deal with the fallout from a political scandal which saw the EU Commissioner for Trade, a Supreme Court judge and a government minister attend a golf event in violation of the country’s coronavirus social distancing rules, which restrict gatherings of more than 50 people. The country recorded 156 new cases on Saturday and 61 more on Sunday, according to the Department of Health, after significantly tightening up social distancing. Under new measures Irish citizens cannot gather in groups larger than six people indoors and 15 people outdoors. 

Italy recorded another 1,210 cases Sunday, the highest number of new cases since May 12, in addition to 1,071 cases on Saturday. Health officials say the increase in cases is due to large numbers of Italians returning from overseas. The Lazio region, which is home to the country's capital Rome, recorded 215 new cases Saturday, 61% of which were found to be linked to the tourism hotspot of Sardinia. Regional health assessor Alessio D'Amato said Saturday that while “hospitals and intensive care units are under control,” young people in Italy must not assume they are "invincible" to the virus. 

Croatia's case numbers continue to increase after the country was removed from the UK's quarantine exemption list Thursday. There were 171 new cases reported Monday morning, according to the ECDC, which said the country has a rate of 57.8 cases per 100,000 persons.

Spain saw 8,148 new cases recorded in the 24 hours leading up to Friday, according to the country's Ministry of Health, one of the highest daily increases since lockdown measures were eased at the end of June. Spain currently has the highest infection rate of any country in Europe, according to the ECDC, with a 14-day cumulative number of cases of 152.7 per 100,000 people. The government will release the latest data on Monday.

8:11 a.m. ET, August 24, 2020

China has been giving homegrown vaccine to "high risk" professionals since July

From CNN's Amy Woodyatt

China has been using an experimental coronavirus vaccine on people who work in "high risk" professions since July, including front line medical professionals and border inspectors, a senior official from the national health commission revealed over the weekend.

Zheng Zhongwei, director of the Science and Technology Development Center of the National Health Commission, said the vaccine had been approved for use on July 22 during an interview with a Chinese state media broadcaster on Saturday.

Zheng told the CCTV-2 program "Dialogue" that the people who were at high risk of exposure to the virus -- including frontline medical personnel, epidemic prevention personnel, medical staff at fever clinics, and customs and border personnel -- were eligible to receive the vaccine.

The vaccine was developed by Sinopharm's China National Biotec Group Company (CNBG). Phase 3 clinical trials of this vaccine have been conducted in the UAE, Peru, Morocco, and Argentina.

Read the full story here.

7:56 a.m. ET, August 24, 2020

Mexico goes back to (virtual) school

From CNN's Matt Rivers

More than 30 million students return to school in Mexico today. They will not be returning to the classroom, however, after the Mexican government announced earlier this month that all classes will be virtual. Nearly half of the country's homes don't have internet connection but about 93% have televisions, so the government has launched an ambitious plan to record lessons for every single grade level and broadcast educational content 24/7. 


7:30 a.m. ET, August 24, 2020

It's more important than ever to get a flu shot, say public health experts

From Julie Appleby and Michelle Andrews, Kaiser Health News

A person gets a flu shot at a health facility in Washington, DC, on January 31.
A person gets a flu shot at a health facility in Washington, DC, on January 31. Eva Hambach/AFP/Getty Images

Flu season will look different in the US this year, as the country grapples with a coronavirus pandemic that has already killed more than 176,000 people.

Many Americans are reluctant to visit a doctor's office, and public health officials worry people will shy away from being immunized.

Although sometimes incorrectly regarded as just another bad cold, flu also kills tens of thousands of people in the US each year, with the very young, the elderly and those with underlying conditions the most vulnerable. When coupled with the effects of Covid-19, public health experts say it's more important than ever to get a flu shot.

Getting vaccinated for the flu this year is particularly important, WHO officials say

If enough of the US population gets vaccinated — more than the 45% who did last flu season — it could help head off a nightmare scenario in the coming winter of hospitals stuffed with both Covid-19 patients and those suffering from severe effects of influenza.

Aside from the potential burden on hospitals, there's the possibility people could get both viruses and "no one knows what happens if you get influenza and Covid (simultaneously) because it's never happened before," Dr. Rachel Levine, Pennsylvania's secretary of health, told reporters last week.

Read the full story here.

7:25 a.m. ET, August 24, 2020

India hopes to jumpstart Bollywood with new film production guidance

From Swati Gupta in New Delhi

People bike past a closed movie theater in Mumbai, India, on July 21.
People bike past a closed movie theater in Mumbai, India, on July 21. Indranil Mukherjee/AFP/Getty Images

India's Ministry of Information and Broadcasting has released fresh guidelines for the entertainment industry after all productions were ended in March due to the pandemic.

The new standard operating procedure (SOP) is expected to ensure the safety of the cast and crew in both television and movie productions, which may resume as India has slowly lifted restrictions over the past three months.

“The SOP ensures adequate distancing at shoot locations and other workplaces and contains measures including proper sanitization, crowd management and provision for protective equipment,” tweeted cabinet minister Prakash Javadekar on Sunday.

Face masks, hand sanitizer, thermal screening and social distancing are among the new measures. Production companies have been asked to keep the cast and crew at a minimum and coordinate crowds that may gather during an outdoor shoot.

“The SOP follows international norms. This will help give a fillip to the industry which has been affected due to coronavirus for close to six months now and people will welcome this move by the Ministry,” said Javadekar.

6:51 a.m. ET, August 24, 2020

How much longer until the US economy is back to normal? This index shows there's a long way to go

From Mark Zandi, CNN Business

People shop in the Herald Square area of New York City on August 6.
People shop in the Herald Square area of New York City on August 6. Nina Westervelt/Bloomberg/Getty Images

We're coming up on six months since Covid-19 turned the world upside down. We are adjusting, but few things feel normal. Certainly not in our daily lives. Most of us are wearing masks and social distancing, while our favorite sports teams play in empty stadiums and arenas. Our work lives are hardly typical, either. Lots of us are unemployed, and many of us fortunate to have jobs continue to work from home.

How far from normal are we? And how much progress are we making toward whatever "normal" will mean in the future? These are tough questions, but CNN Business and Moody's Analytics have teamed up to take a crack at answering them with regard to the economy.

How close to normal is your state? Click here to explore the index

The US economy remains far from normal. That's the bottom line. Based on the Back-to-Normal Index that we constructed, the US economy was operating at only 78% of normal as of August 19. "Normal" for our purpose is the economy as it stood prior to when the pandemic struck in early March. Economic activity nationwide is down by almost one-fourth from its pre-pandemic level — far from normal.

As bad as that is, it is substantially better than the darkest days of the pandemic in mid-April, when we were unsure how contagious or virulent the virus was. Nonessential businesses in much of the country were shut down, and most of us were sheltering in place. Our Back-to-Normal index hit its nadir of just 59% on April 17.

Read the full analysis here.

6:20 a.m. ET, August 24, 2020

South Korea stops in-person classes at almost 2,000 schools

From CNN's Yoonjung Seo in Seoul

Almost 2,000 schools in South Korea have suspended in-person classes due to the latest surge of coronavirus cases, according to a statement from the country’s Ministry of Education on Monday.

The announcement affects 1,845 schools across the nation, the first time since May that more than 1,000 schools will be closed, said the ministry.

A total of 283 students and 79 faculty members have tested positive for novel coronavirus since May 20 when South Korea began a phased return of pupils to the classroom, according to the ministry.

Countries around the world are currently grappling with how to keep children learning during the pandemic.

The world is facing a "generational catastrophe" because of school closures during the coronavirus pandemic, UN Secretary-General Antonio Guterres warned at the beginning of August.

"Getting students back into schools and learning institutions as safely as possible must be a top priority," once local transmission of Covid-19 is under control, Guterres added.