Last week California became the second US State to cross 1 million cases of COVID-19. This spread is much faster than the spike seen in mid-June. There’s a possibility that hospitalizations will increase quickly, so Governor Newsom is imposing restrictions on businesses across the counties.
Newsom called this action the “emergency brake in the Blueprint for a Safer Economy.” He said that masks would be required when people go outside their homes, with limited exceptions. There will be a four-tier system for reopening. This will be based on the number of virus cases and the infection rates in each county. Different counties have different tiers and more restrictive ones include banning indoor dining.
“We are sounding the alarm,” Newsom said in a statement. “California is experiencing the fastest increases in cases we have seen yet – faster than what we experienced at the outset of the pandemic or even this summer. The spread of COVID-19, if left unchecked, could quickly overwhelm our health care system and lead to catastrophic outcomes.”
Businesses have complained that they have been strictly adhering to rules but are paying the price for residents who have been careless or who have seen conspiracies where none exist.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.