US coronavirus death toll tops 100,000

New York City Mayor Bill de Blasio said today that the city is “9 billion dollars in the hole” between the current fiscal year and the next, and additional lost revenue is anticipated beyond the next fiscal year, in the wake of the city’s response to the pandemic.

“While they’re not acting in the Senate, while the President remains silent, our fiscal situation has gotten worse,” de Blasio said.

He continued: “There is literally no way that we can solve this problem without federal help or without having to make very very painful choices that will affect the quality of life in this city our ability to provide basic services and how many people we’re able to employ to support you in the middle of a pandemic!” de Blasio said raising his voice. “We are getting to a point of really tough choices.” 

The city has about 4 weeks to pass a new budget, he added. 

De Blasio asked New York state for a “fall back” or borrowing authority as a last resort if the federal government does not step up. The state granted itself the same borrowing authority in April.

Earlier de Blasio said “of course it should be the responsibility of the federal government first and foremost to address this and yet here we are waiting once again for action.”

The mayor said he spoke to Sen. Chuck Schumer yesterday and there is “literally no schedule for the fourth stimulus bill to be voted on,” de Blasio said, the stimulus that would “actually” help cities and states.

Reopening is expected to come with an uptick in Covid-19 cases — and that uptick might not emerge immediately, the nation's top infectious disease expert, Dr. Anthony Fauci, said on CNN Newsroom on Wednesday.

With reopening, "when you do that and you see no negative effect in one week, please don't be overconfident," Fauci, director of the National Institute of Allergy and Infectious Diseases, told CNN.

New York City Mayor Bill de Blasio divulged plans to help ensure what he called safe separation as the contact tracing for Covid-19 increases.

For those safely separating at home, a resource navigator will make sure an individual has meals delivered, medications and mental support.

There are 200 staff from 15 community based organizations who will support anyone who safely separates at home starting next week as contact tracing starts to grow, the mayor said.

For those who cannot safely separate at home, there are 1,200 health and hospitals hotel rooms available with free medical monitoring, local calls, and laundry. 

The city has formed a community advisory board with members from 60 organizations around the city that will meet two times a week with “our test trace and take care team," the mayor said.

Marriott International said today that the coronavirus is "having a more severe and sustained financial impact on Marriott’s business than 9/11 and the 2008 financial crisis, combined."

The world's largest hotel chain said it's extending its furloughs and reduced work week that began in March until at least October, according to a news release Wednesday.

The company also warned of a "significant number" of layoffs later this year because it doesn't anticipate bookings to return to pre-pandemic levels until "beyond 2021."

By the numbers: Marriott employs 130,000 people in the United States.

The chain manages nearly 2,000 properties and 560,000 rooms across the world. Combined with its franchisees, Marriott has 7,300 properties globally.

It owns 30 brands including W Hotels, Courtyard and the Sheraton among others.

Dr. Anthony Fauci said masks should continue to be recommended and that he wears one in public as an example for others. 

“It’s sort of respect for the other person and have that other person respect you," Fauci told CNN. "You wear a mask. They wear a mask. You protect each other."

Fauci said he largely sees people adhering to health recommendations, but warns that they should not let up on guidelines and invite potentially risky behavior. 

“Don't start leapfrogging over the recommendations and guidelines because that's really tempting fate and asking for trouble,” Fauci said. 

Watch more:

US stocks kicked off higher on Wednesday, with both the Dow and the S&P 500 rallying sharply.

Hopes for more government stimulus, this time in form of "return to work" cash bonuses, has investors excited about the reviving of the economy. 

Here's how the markets opened:

A coronavirus vaccine should be able to be deployed by the end of the year, according to Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.

Fauci said that there are a lot of variables when dealing with vaccines, but development continues to proceed. 

There are currently 10 vaccines in human clinical trials worldwide, according to the World Health Organization. 

Watch:

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said Wednesday that reopening schools in the fall doesn't fall into the "one size fits all" approach.

He urged localities to make decisions based on the dynamics of the Covid-19 outbreak in their area.

Fauci told CNN that there needs to be "judgment according to the situation on the ground," and that the recommendation for opening schools – from elementary to college level – should be made under the leadership of local governments, "with some guidance from the federal government."

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that areas of the US that are seeing upticks in coronavirus cases need to be watched carefully. 

As Memorial Day weekend saw some crowded beaches and recreation areas, Fauci cautioned people to “be prudent” and follow coronavirus guidelines. 

WATCH: