September 2 coronavirus news

Wall Street opened higher today after starting the month off with records from both the S&P 500 and Nasdaq Composite.

Investors are hopeful Congress will agree to a new stimulus package soon after Treasury Secretary Steven Mnuchin said yesterday "a bipartisan agreement still should be reached." 

Even a disappointing ADP employment report wasn't enough to taint the mood. Economists had predicted 950,000 new jobs in the private payrolls report for August, but ADP reported just 428,000 jobs were added last month.

The government's monthly jobs report is out this Friday. The ADP and government jobs numbers have differed widely throughout the pandemic, although many economists agree that the rebound is slowing down.

 Here is where things stood at opening:

Three unnamed soccer players with European Cup finalists Paris Saint-Germain have tested positive for Covid-19, the club announced on Wednesday.

It comes after the club announced on Monday that two unnamed players tested positive for Covid-19 and had subsequently gone into quarantine.

The defending French champions are set to open their 2020-21 Ligue 1 campaign away at RC Lens on Sept. 10 before facing Olympique de Marseille at home at the Parc des Princes in Paris three days later, on Sept. 13.

PSG only finished the 2019-2020 season on Aug. 23, losing to German champions Bayern Munich 1-0 in the Champions League final, the biggest club match in world soccer. Some of soccer's biggest stars, including Brazil's Neymar and France's Kylian Mbappé, play for the Qatari-owned club.

AMC said that 70% of its theaters — or 420 total — will be open by this weekend, including the first AMC theater in San Diego, California.

AMC announced Thursday that it will reopen more than 140 theaters this week. This move comes right before "Tenet" comes out in the US this Labor Day weekend — one of the first big movies to hit theaters since the pandemic began. The Christopher Nolan film had a big international debut last weekend. The film was originally set to open in July, but was delayed because of “continued uncertainty.”

Major theater chains are attempting to reopen during the pandemic, but it’s difficult to entice audiences to return to theaters without a new major blockbuster to sell tickets.

Some background: AMC first reopened more than 100 theaters in the US on August 20. AMC CEO Adam Aron said in a statement that "the first two weekends of operations have exceeded our expectations in terms of guests returning to the movies." Aron added that the company will continue to reopen theaters in a way that is both "responsible and welcoming.”

The world's largest movie theater chain says it expects to make more announcements about additional theater reopenings in California, New Jersey and other areas of the country in the coming weeks.

A White House coronavirus task force report sent to officials in Iowa this week warns of dire new case increases across rural and urban areas of the state and calls for a mask mandate, the closure of bars and a plan from universities as the pandemic intensifies in the Midwest.

CNN has obtained the nine-page Aug. 30 report for the state, first reported by the Des Moines Register, from the Iowa Department of Public Health. The task force releases state-by-state reports each week to governors' offices, and has so far declined to make them publicly available.

The report says that Iowa is in the task force-defined "red zone" and warns that the state has the highest rate of cases in the US, which increased by 77.4% from the previous week.

The report offers recommendations to Iowa, including:

The three counties with the highest numbers of cases also have large student populations, including Iowa State University in Story County and the University of Iowa in Johnson County, as well as Polk County, which contains Iowa's largest metro area, Des Moines.

The report comes less than two weeks before Iowa State University will welcome crowds to its stadium for its season opener football game. Though social distancing will be observed, a letter from the school's athletic director estimated "there will be approximately 25,000 fans at the first game." The task force report suggests red zone counties should limit gatherings to 10 or fewer people.

Here is a look at how the percentage of new positive tests have grown over time in the state, according to data from the Covid Tracking Project:

The ADP employment report released today was worse than expected, as just 428,000 jobs were added last month. Economists had predicted 950,000 new jobs in the private payrolls report for August.

The report showed that large companies had the strongest job gains with the leisure and hospitality sector adding 129,000, the most of any. The spring lockdown decimated the industry as hotels and restaurants shut their doors while flights were grounded.

What this means: For those watching these figures as an indicator for Friday's government jobs report, disappointment could be on the horizon. Economists expect 1.4 million jobs to be added to the economy in August, bringing the unemployment rate to 9.8%. It would be the first time since April that the jobless rate is below the peak of the Great Recession.

July's job data showed the US labor market’s third straight month of solid improvement from the depths of the pandemic. However millions of Americans who lost their jobs at the beginning of the pandemic remain unemployed.

Economists are worried that the tepid recovery in the US job market could run out of steam this fall should coronavirus cases surge again just as federal stimulus money runs out. The world's top developed economies are all officially in a recession. What happens next is far from certain.

Since the start of the Covid-19 pandemic through Aug. 27, there have been more than 476,000 cases in children, according to an updated report published by the American Academy of Pediatrics and the Children’s Hospital Association.

The report looks at publicly reported data from 49 states, New York City, the District of Columbia, Puerto Rico and Guam. 

Children represented 9.5% of all cases, and there is an overall rate of 631 cases per 100,000 children in the population. Both of these numbers have increased since the previous report on Aug. 20, when children represented 9.3% of all cases and the overall rate with 583 cases per 100,000 children in the population. 

There were 70,330 new child cases reported since Aug. 13— that’s a 17% increase in child cases over two weeks. 

Of the nine states that reported testing, children make up between 4% and 13.3% of all tests. Between 2.8% and 17.4% of tested children were positive for Covid-19. 

For the 22 states and New York City that reported hospitalizations, children made up 0.6% to 4.1% of total reported hospitalizations. Between 0.3% and 8.5% of all child cases resulted in hospitalization. 

For the 43 states and New York City that reported on mortality, children made up 0% to 0.3% of all Covid-19 deaths and 19 states reported zero child deaths. In the states that reported, 0% to 0.7% of all child cases resulted in death. 

On NBC’s Today Show on Wednesday, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, was asked whether it was possible to get control of Covid-19 ahead of flu season, and whether he was concerned about a so-called “twindemic.”

“You know, I am,” Fauci said. “And what I would really like to see is kind of a full-court press to get us way down as a baseline, so that when you get these cases in the fall, they won’t surge up – they’ll be controllable.”

Dr. Francis Collins, director of the National Institutes of Health, said he was “surprised” by the media uproar on treatment guidelines for convalescent plasma for Covid-19, in a tweet Tuesday evening.

 “Surprised by media uproar on Treatment Guidelines on convalescent plasma for #COVID19,” the tweet said.

Collins went on to say that the guidelines mirror an emergency use authorization; that the EUA says “CP should not be considered new standard of care,” and provided a link to the EUA.

“No news here,” Collins concluded his tweet.

Some background: An NIH panel said yesterday there's no evidence backing the use of convalescent plasma to treat coronavirus patients and that doctors should not treat it as a standard of care until more study has been done.

"There are insufficient data to recommend either for or against the use of convalescent plasma for the treatment of COVID-19," the panel of more than three dozen experts said in a statement posted on the NIH website Tuesday.

The statement, which was posted quietly, contradicts the Trump Administration's characterization of the treatment as "historic" and a "major advance" and directly refers to last week's emergency use authorization by the US Food and Drug Administration.

College students infected with the novel coronavirus should stay on campus and isolate there as opposed to returning home, according to Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.

A return to campus for the new academic year has colleges and universities struggling to both contain outbreaks of Covid-19 and enforce policies meant to prevent its spread.

“Keep them at the university in a place that’s sequestered enough from the other students, but don’t have them go home, because they could be spreading it in their home state,” Fauci said during a prerecorded interview on NBC’s Today Show on Wednesday.

Asked if campuses should be shut down when there are infected students to send kids home, Fauci replied: “It’s the worst thing you could do.”