Tag: Begs

CDC Begs Not to Travel, Home Sales on Fire & All ‘Likes’ Lead to Rome on Cheddar

Here are the headlines you Need2Know for Friday, November 20, 2020:

CERTIFICATION DEADLINES 

Georgia has finished its hand recount, affirming that Joe Biden won the state. President Trump has invited Michigan Republican legislators to the White House today, an extremely unusual move as his legal team attempts to overturn the results of the election in that state. Georgia has to certify its election results today by law. Michigan and Pennsylvania’s deadline to certify is on Monday. Those three states, combined with the states where the results are not being contested plus Minnesota on Tuesday, would give President-elect Biden more than 270 electoral votes and thus would make him the certified winner. Election law experts, constitutional scholars, the right-leaning Chamber of Commerce, and a small but growing number of Congressional Republicans are urging the president to accept defeat, worrying that a continued assault on the vote is doing significant damage to the integrity of America’s electoral process. AP

COVID-19: THANKSGIVING VIGILANCE

The CDC is all but begging Americans not to travel for Thanksgiving. The agency gave its first media briefing in months for the purpose of recommending that people stay home for the holiday and celebrate only with members of their own households. Meanwhile, the White House coronavirus task force returned to tell Americans to “increase their vigilance” ahead of a vaccine rollout. Dr. Fauci made a point of saying that the two vaccines that are close to being approved had not been rushed and are “really solid.” CHEDDAR

TREASURY CUTS OFF AID

The Treasury Dept. will not allow some of the Fed’s successful lending programs for small and midsize businesses to be extended past the end of the year, a move that could hamstring the economic recovery just as a new administration is taking office. Treasury Sec. Steve Mnuchin told the central bank to return nearly $500 billion in unused funding to Congress, drawing a rare rebuke from Fed Chair Jerome Powell. Powell wrote in a letter that those lending facilities are still needed and the money provides an important backstop if the economy gets worse. POLITICO

PHX RECORD HEAT

A late-season heat wave in the Southwest is shattering records left and right, with Phoenix on track to break its record for most 90-degree days in a calendar year. The city broke its record for the latest 90-degree day of the season twice already this week. A slight cool-off is forecast for Thanksgiving week. ACCUWEATHER

HOME SALES OFF THE CHARTS

The U.S. housing market is on absolute fire. Home sales rose in October to their highest level since 2006, powered by rock-bottom interest rates, higher household savings rates, and the desire to splurge for more space as many families — especially Millennials — continue to work, eat, learn and do pretty much everything from home. It’s not just existing-home sales, either. The shortage of housing across the country is powering demand for newly-built homes, too, which has the knock-on effect of creating jobs in the construction industry and robust sales
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