U.S. Logs Record 1 Million Virus Cases With Data Delay
(Bloomberg) -- The U.S. added more than 1 million people to its Covid-19 case count on Monday as the true scope of a surge in infections over the holidays began to round into view.
The highly mutated variant, combined with delayed reporting by local governments over the holidays, led to a single-day record for new cases for any country in the world. Monday's number is almost double the previous mark of about 590,000 set just four days ago in the U.S., which itself was a doubling from the prior week.Â
Using a seven-day average, which smooths out the unevenness of data across the country, cases climbed to 485,363 a day on Monday, more than doubling in the span of a week. The data is compiled by Johns Hopkins University, which relies on local governments, some of which may take more time than others to update their figures.
The highest single-day number for reported cases outside the U.S. came during India's delta surge, when more than 414,000 people were diagnosed on May 7, 2021.Â
The stratospheric numbers being posted in the U.S. come even as many Americans are relying on tests they take at home, with results that aren't reported to official government authorities. That means the record is surely a significant under-estimate.
While surging cases haven't yet translated into severe infections and skyrocketing deaths, their impact has been felt across the country as the newly infected isolate at home. The results are canceled flights, closed schools and offices, overwhelmed hospitals and strangled supply chains.Â
Revising Rules
The surge is leading authorities to mull a revision of some measures put in place to help guide the nation through the latest phase of the outbreak. While the U.S. Centers for Disease Control and Prevention shortened the isolation period to five days for asymptomatic people who test positive for Covid-19, the agency may add that they should get a negative test result before venturing out again, officials said.
The outbreak is also causing companies to halt their return-to-office steps, with the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co. adopting the more cautious stance of encouraging staff to resume working from home at the start of the new year. Â
The silver lining is that deaths from Covid haven't similarly soared. Early studies show the omicron variant spreads faster than earlier strains but causes milder symptoms.
Omicron's Mild Infections Hint at Less-Severe Phase of Pandemic
The outlook for 2022 depends on whether the death toll follows cases and picks up in the weeks to come, or if evidence suggesting the omicron wave will be less severe holds up as more real-world data emerges.Â
©2022 Bloomberg L.P.
-
India's Troika Of Good Luck | Joining The Dots
A weaker Trump, a cooling AI trade and resilient earnings have put Indian markets back in favour. Rising inflation could spoil the party.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.