and begin with kathy park in new york city >> the number of hospitalizations appears to have hit a pex>> reporter: new infections and hospitalizations are slowing. the crisis appears to be under control for now in the suburbs, but the number of deaths keeps climbing now more than 8,600. >> it is stabilizing at an horrific rate. these are just incredible numbers depicting incredible loss and pain. >> reporter: the death toll is now far below original projections, but the governor warns it's too soon to make the call on reopening the state. but new york city mayor bill de blasio did make a decision to close all public schools for the rest of the school year impacting more than 1 million students now adjusting to remote learning >> we can never get in a situation where we end up jumping too soon and regretting it later >> reporter: governor cuomo says not so fast. >> you can't make a decision just within new york city without coordinating that decision with the whole metropolitan region because it all works together >> reporter: state officials are expanding testing, opening additional si

with pex a particularly moving episodes in which the filmmakers traveled to gaza where today 45 percent of the population children under 15 all of whom have firsthand experience of the machinery and consequences of violence the children you're about sony's had all been traumatized by their days had a lives in gaza but as you'll see they are somehow immensely inspiring from 2007 children of conflict. gaza. one of the world's biggest news stories. but one of the smallest and most claustrophobic strips of land on earth. a virtual prison with no way out and hardly any way in. the years of conflict with israel have left gaza in we wouldn't. play grannies church fires tears. and blue state. and our crew the other children here from ma to down with you today gaza feels like a population living on life support machine there's not enough of anything any money water food or medicine i know what this means i know what love means i know what what worries me is i'm scared i think we're going to die death is coming. this tiny strip of land is bordered by israel egypt and the mediterranean sea entry t

pex perspective, that may change their future project, maybe make them go more toward using the cloudher automation, things that may reduce the need for further headcount. that is something we are watching, while we don't expect employment will just spring back at the rate that it fell. we don't expect an inverse v in the employment numbers. but longer-term, these kinds of efficiency measures would have taken place, but i just accelerated by what is happening now. shery: thank you very much for joining us, max gokhman. coming up, shifting the blame more. how congressional republicans are shifting the blame on china over their handling of the response. we will speak with ian bremmer of the eurasia group next. this is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang in toronto. the donaldst time, trump raise the possibility that china cost the covid-19 crisis. was asked, would you be angry at china? the answer may be a resounding yes, but it depends, was it a mistake that got out of control, or was it done deliberately? big difference between those two. in either event, t

those models that discount the social distancing, they have a shorter time frame for the pex. it makes it difficult to plan, frankly, because 7 to 30 days is a long window and we are literally planning on a day-to-day basis, deploying ssets on a day-to-day basis. we believe it is closer to the horter end of the range with our in-house people looking at the professional modeling that's being done. "how many beds will you need at the apex?" between 70 and 110,000. again, that is a broad range. again, that's one of the frustrations trying to plan for this. right now we have 53,000 statewide. we have only 36,000 downstate. remember that, and this is primarily a downstate issue. so by any estimate, we don't have the number of beds but, again, we've taken extraordinary measures. every hospital by mandate has to add a 50% increase and they have all done that. we're setting up extra facilities, which we've been talking about. we've been shifting patients from downstate hospitals to upstate hospitals and that is continuing. when does this end?" you have projection models that have us h

resources to the places that most need them, understanding that not everybody is going to hit they're pex at the same time, has that resonated at all with the federal government. i know that you've got a mixed relationship with the trump administration right now and they have been able to talk to you about some things and you have been critical of them with other, but has that pound that, point you've been making come home to them at all? i don't see any way any other states or any other cities, that are approaching this right now, i don't see any other way that they are going to be able to deal with the rolling apexes that you're describing. >> you're right. first, to say that i have a mixed relationship with the president is very kind. there is probably no governor in the country that has been more critical and probably no governor in the country that he has been more aggressive towards with his tweets but on this one, the president and i have said look, this is not about politics, if you help new york state, i will say, be gracious, and thank you you, and be in partnership, and if you

. $30 billion of the paycheck pex funds will be reserved for small financial institutions including thoserity and distressed communities extending vital relief to thousands of african-american and hispanic-american small business owners and their employees. the bill also delivers $75 billion for hospitals, is badly need for hospitals. they've taken a very big hit. and medical providers in lawyers less affected by the -- areas heads affected, hospitals and doctors should work with their local and state officials on ways to resume elective medical treatments and care. under the cares act, we're sending direct payments to millions of american workers, more than 80 million americans have already received their payment. $3,400 for a typical family of four. $3,400. that's great. and you deserve it the cowers act require -- cares act requires that the federal government send out a notice of what benefits americans are receiving to fulfill the requirement the treasury department is mailing a letter to me. it will include the amount, their economic impact statement, how it will arrive, direct depo

pex as commodity prices drop. the bloomberg first word news. the u.s. is organizing a tohattan project i'll effort drastically cut the time needed to develop a coronavirus vaccine. p speeded operation war once doses for most americans available by the end of the year. the program will pull together pharmaceutical companies, government agencies, and the military. there areences says more than 50,000 courses of this experimental covid-19 therapy ready to ship right now. the company is waiting for approval from u.s. regulators. infectious disease expert anthony fauci said the drug showed a significant positive effect in treating the virus. the scientists are urging caution as this is neither a vaccine nor secure. -- is it a cure. the french economy suffered its worst quarter on record. measures to contain the spread of the coronavirus hit gdp by 5.8%. figures for the euro area later today will likely to show the end of seven years of an expansion. the worst is still to come. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more