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Watch live: Biden speaks on U.S. vaccination plan after CDC chief issues dire warning
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President Joe Biden is delivering remarks Monday on the government's Covid-19 response and vaccination efforts around the country.
Biden's remarks come just hours after the head of the Centers for Disease Control and Prevention, Dr. Rochelle Walensky, issued a dire warning to reporters. She said she's worried the U.S. was facing "impending doom" as daily Covid-19 cases begin to rebound once again, threatening to send more people to the hospital even as vaccinations accelerate nationwide.
U.S. health officials are urging Americans to get vaccinated as quickly as possible while also following pandemic safety measures.
A CDC study looking at health-care personnel and other essential workers published Monday found Pfizer's and Moderna's Covid-19 vaccines were 80% effective in preventing coronavirus infections two weeks after a single dose. Two doses were better than one, with the vaccines' effectiveness jumping to 90% two weeks after the second dose, the agency found.
New York expands Covid vaccine eligibility to all adults starting April 6, Cuomo says
New York is expanding its Covid vaccine eligibility to everyone 30 and older beginning Tuesday, followed by all residents 16 and older on April 6, Gov. Andrew Cuomo announced Monday.
The move comes nearly a month before President Joe Biden's May 1 deadline for states to vastly open up their supplies to all residents.
"Today we take a monumental step forward in the fight to beat COVID," Cuomo said in a statement. "As we continue to expand eligibility, New York will double down on making the vaccine accessible for every community to ensure equity, particularly for communities of color who are too often left behind."
Nearly 30% of all New Yorkers have received at least one vaccine shot, according to the statement. The state has administered 9,056,970 shots so far.
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Gold Futures Settle Notably Lower As Dollar, Bond Yields Rise
Gold prices drifted lower on Monday, pushing the most active gold futures contract to its lowest close in about three weeks, as the dollar firmed up and the yields on U.S. Treasury Notes rose.
The dollar index advanced to 92.96, gaining about 0.2%. The yield on U.S. 10-year Treasury Note rose to over 1.70%.
Gold futures for April ended down $20.10 or about 1.2% at $1,712.20 an ounce, the lowest close since March 8.
Gold futures slid to a low of $1,703.30 an ounce around mid morning before recovering some lost ground.
Silver futures for May ended lower by $0.343 or 1.4% at $24.771 an ounce, while Copper futures settled at $4.0345 per pound, losing $0.0335 or about 0.8%.
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T-Mobile partners with Google to offer YouTube TV
(Reuters) – T-Mobile US Inc said on Monday it was expanding its partnership with Alphabet Inc’s Google to deliver services like YouTube TV and YouTube Premium.
European Economics Preview: UK Unemployment Data Due
Unemployment data from the UK is due on Tuesday, headlining a light day for the European economic news.
At 3.00 am ET, the Office for National Statistics is scheduled to issue UK unemployment data for January. The jobless rate is expected to rise to 5.2 percent in three months to January from 5.1 percent in the preceding period.
At 5.00 am ET, Italy’s Istat publishes industrial orders and turnover data for January. Orders had increased 1.7 percent in December.
In the meantime, unemployment data is due from Poland. The jobless rate is forecast to rise to 6.6 percent in February from 6.5 percent in January.
At 7.00 am ET, the Confederation of British Industry publishes Industrial Trends survey results. The order book balance is seen at -20 percent in March versus -24 percent in February.
Oil Futures Settle Higher
Crude oil futures settled higher on Monday amid concerns about possible disruptions in supply.
However, news about freeing of the container ship that had got stranded in the Suez canal helped limit oil’s downside.
West Texas Intermediate Crude oil futures for May ended higher by $0.59 or about 1% at $61.56 a barrel.
Brent crude futures were up $0.47 or 0.73% at $64.90 a barrel a little while ago.
Traders were looking ahead to the decision of the Organization of the Petroleum Exporting Countries and their allies, with regard to production curbs. The OPEC+ will be announcing their decision on Thursday (April 1).
Oil prices drifted down earlier in the day as the cargo ship blocking the Suez Canal was partially refloated, raising hopes the vital waterway will soon be reopened.
The Ever Given, an enormous container ship almost the length of the Empire State Building, has been wedged since early last week in the canal. The authorities said they hoped the ship would soon be completely freed.
Almost 15% percent of world shipping goes through the Suez Canal, which cuts through Egypt from the Mediterranean to the Red Sea.