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New Yorkers are ‘going to see pain in this new economy’ as state begins reopening, Gov. Cuomo warns

Governor of New York Andrew Cuomo leaves after ringing the opening bell on the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

New York Gov. Andrew Cuomo warned Tuesday that the economic system is just not going to “just bounce back” even because the state begins its phased reopening plan in some areas. 

“We’ve lost thousands of small businesses that are just not going to reopen their doors,” Cuomo stated throughout a press convention from the New York Stock Exchange in Manhattan. “You’re going to see pain in this new economy and let’s start to dissipate that and let’s start to deal with that now.”

While Cuomo stated he desires to see the economic system “come roaring back,” he does not count on it to bounce again like a basketball the place it “goes down and it comes straight back up.”

“It’s like dropping a football. You drop a football, depending on how it hits, it goes off on different angles,” he stated. “I don’t think it comes straight back up and I think there will be winners and losers in this new economy.”

The coronavirus has unfold to greater than 362,700 folks and killed no less than 29,220 throughout New York state as of Tuesday morning, in accordance with knowledge compiled by Johns Hopkins University. Cuomo stated the variety of new instances during the last 24 hours reached the bottom degree because the outbreak started. The state reported 73 new deaths. 

Cuomo stated monitoring sure zip codes with a excessive variety of Covid-19 instances can be key to reopening. The price of constructive check ends in some communities within the state is at 40%, double the an infection price of New York City, Cuomo stated. 

“When we look at those new Covid cases coming into the hospital, where are they coming from? They are coming from these zip codes,” he stated. “We want to attack the virus at the source.” 

The governor additionally introduced that he’ll journey to Washington D.C. on Wednesday to satisfy with President Donald Trump to debate plans on infrastructure and the economic system. He stated there are infrastructure tasks the place the state wants federal assist and federal approval.

“Let’s put those on the table,” he stated. “You have an infrastructure that’s crumbling. You need to jump-start the economy. You need to create jobs. Do it now. Do it now.”

Earlier within the day, Cuomo rang the opening bell on the NYSE as brokers returned after a two-month closure. He stated the inventory alternate has carried out new precautions, together with sporting masks and limiting the variety of folks. 

“It reopened smarter than before,” he stated. 

New York has began to deploy its phased reopening plan in areas of the state that have met seven well being standards. Cuomo stated Mid-Hudson reopened Tuesday and Long Island will reopen Wednesday when there contact tracing operation is predicted to go surfing. 

Cuomo warned areas to “watch their numbers,” saying, “when you a cluster of cases, jump on it.”

“That’s what the contact tracing is all about,” he stated. “What occurred? Where did they arrive from? Is there a commonality among the many folks within the cluster?  

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