Andrew Ross Sorkin, co-host of « Squawk Box », and Rick Santelli, CNBC-Bond-Maven, had a heated debate on Friday over coronavirus restrictions, a back-and-forth that bridges the persistent gap between many Americans during the pandemic and the ridicule of the presidential race.
The violent disagreement over lockdowns between Sorkin and Santelli, which was also a central theme in the November elections, came after the release of a weaker-than-expected job report in November. The slowest growth in non-farm payrolls since April coincided with a sharp surge in coronavirus cases and hospitalizations across the country, prompting many governors and other local officials to reintroduce virus reduction measures. There are now more than 100. 000 people in the U. . S.. . Hospitalized with Covid-19.
Santelli â ???? Seasoned businessman and former bond dealer who normally reports for CNBC on the Chicago Mercantile Exchange. suggested that U. . S.. . Policymakers should rethink the balance between public health restrictions, particularly those related to restaurants, and enabling more economic activity. He alluded to the recent controversy involving politicians like the democratic government. Gavin Newsom, from California, getting heat over a birthday dinner for a friend at a posh restaurant in the San Francisco Bay Area.
« So there is actually an ongoing debate about why a parking lot for a large store like my home is full. Not a single parking lot is open, « said Santelli. “Why are these people safer than a plexiglass restaurant? I just don’t get it. And I think there are a million of these questions that could be asked. «
« I find it really sad that when we look at the services sector and all of the job loss discussions that this particular dynamic is no longer explored, we no longer work, we no longer put people in a room and trying to find ways to allow these service workers and employers to return more safely, « Santelli said. « You can’t tell me that shutdown, which is the simplest answer, is necessarily the only answer. «
Sorkin fell back heavily on Santelli’s remarks, noting that public health experts largely believe that indoor dining, where diners have to remove their masks to eat and drink, eat a much higher rate Coronavirus transmission risk poses as shopping in a retail store where all customers and employees are wearing masks.
Sorkin, also a finance columnist for the New York Times and editor-in-chief of DealBook, said he wanted to remind viewers where the scientific community is. Many experts are now recommending targeted restrictions on risky activities such as indoor bars and restaurants while schools, for example, can hold face-to-face lessons.
« The difference between a big box retailer and a restaurant or frankly even a church is so different that it is incredible, » Sorkin said before being cut off by an angry Santelli who stated, « I am different opinion. «
« It’s science. I’m sorry, « Sorkin replied. « It’s science. If you wear a mask, that’s a different story. «
« Five hundred people in a Lowe’s is no safer than 150 people in a 600-seat restaurant. I do not believe it. Sorry, « said Santelli.
The Sorkin-Santelli exchange comes about nine months after governors and other local officials in the United States first imposed economic restrictions allegedly intended to slow the spread of the virus and relieve hospitals flooded by patients.
According to the Johns Hopkins University, there are at least 276. 406 Americans died of Covid-19. Cumulative U. . S.. . Cases are now over 14. 1 million. Both cases and deaths in the U. . S.. . make up about a fifth of the global total.
The U. . S.. . Thursday was a second record day with more than 2. 800 coronavirus deaths recorded and worst day new cases recorded: 217. 664. The 7-day average of the new daily cases of 179. 473 was also a record. According to the COVID Tracking Project carried out by journalists in the Atlantic, 100. 667 people hospitalized with Covid-19, most of the pandemic.
During the pandemic, significant parts of the country were divided, largely on a party-political basis. President Donald Trump and Republican voters were fewer in favor of public health restrictions than Democrats. In the spring, Trump said repeatedly that he wanted to « reopen » the economy and that he had often taken a position that contradicted his own health advisors and contradicted scientific knowledge.
President-elect Joe Biden has harshly criticized Trump’s response to the pandemic, making it a touchstone of his campaign. He avoided large rallies and sometimes opted for socially distant drive-thru events instead, while Trump made outdoor speeches with supporters seated close together.
In the weeks since Biden was declared election winner by news organizations, he has continued to contrast Trump over the coronavirus. In an interview with CNN that aired Thursday, Biden said he plans to ask every American to wear a mask for 100 days in order to control the spread.
Trump, who signed Covid-19 and recovered shortly before the November election, is still not going to give in to Biden and falsely claim election fraud, a claim debunked even by his own Attorney General and the Justice Department.
During the U. . S.. . The economy has improved since its early devastation in April and May when the toughest business restrictions were in place. There are still millions of Americans who remain unemployed. Some industries such as automobiles and residential real estate have rallied better than expected, while the travel and hospitality sectors continue to struggle.
Jerome Powell, chairman of the US Federal Reserve, has noted throughout the pandemic that a strong economic recovery is not independent of the public health situation in the US. S.. . « The path for the economy is extremely uncertain and will depend in large part on our success in containing the virus, » Powell said in late June.
« A full recovery is unlikely until people are confident it is safe to re-engage in a wide range of activities, » added the Central Banker in his remarks at the House Financial Services Committee. « The way forward will also depend on the policies that are being taken at all levels of government to provide aid and support the recovery for as long as necessary. «
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CNBC, Rick Santelli, Andrew Ross Sorkin, Squawk Box, Coronavirus
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