The Wall Street Journal - 18 04 2020

2020·23.47 MB·English

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Living Digitally...Forever?
THE WALL STREET JOURNAL WEEKEND
REVIEW OFF DUTY
SATURDAY/SUNDAY, APRIL 18 - 19, 2020 ~ VOL. CCLXXV NO. 91 WSJ.com HHHH $5.00
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Markets Rally in Face of Downturn
What’s
News
FueledbyFedmoves, crisis eases. Investors have points,about3%,ledhigherby S&P500,percentagechangethispastweek,bysector
beenencouragedinrecentdays sharesofBoeing.TheS&P500
Dowisup15%intwo
World-Wide bysignsthatseveralstateswill added 2.7%, and the Nasdaq Consumerdiscretionary 7.9%
weeks,despitecrisis move to resume business, Compositeadded1.4%.
Healthcare 6.1
alongwithhopesthataviable Many investors agree the
permeatingeconomy
treatment for Covid-19 could most important driver of the Technology 4.8
Trumpsignaledhissup- benear. rebound has been the Federal
Consumerstaples 4.2
portforprotestsinsome BYGUNJANBANERJI The blue-chip index rose Reserve’s massive stimulus
statecapitalsagainststay- 2.2% this week, extending its plan,combinedwiththeefforts CommunicationServices 4.1
at-homeordersdesignedto The Dow Jones Industrial rallyoverthepasttwoweeks oftheU.S.government,which S&P(cid:2)(cid:3)(cid:3) 3.(cid:3)
slowthecoronavirus,aday Average has staged its best to 15%—its best performance sent a signal that both were
aftertellinggovernorsthat two-week performance since since 1938. The S&P 500 willingtostepinlikeneverbe- Energy 0.2
theywouldbethefinalde- the1930s,adramaticrebound climbed 3% this week, while foretobuoytheeconomy.U.S. Industrials –0.1 S&P500,yeartodate
cisionmakersaboutre- that has left many investors theNasdaqCompositesurged stocksbottomedMarch23,af- 0%
openingtheireconomies.A1 with a confounding reality: 6.1% as investors piled into ter the Fed cut rates to near- Utilities –0.5
(cid:3)Governorsaremovingto soaring share prices and a highflying technology stocks. zero.“Theytookawaythede- Materials –2.1 –10
cancelorfreezebillionsof flounderingeconomy. TheDowandS&P500arestill pression. That scenario is out
Realestate –2.8 –20
dollarsinspendingasstates Theexplosiverallyisasign down more than 10% for the PleaseturntopageA2
braceforfalloutfromthe that many are positioning for year,whiletheNasdaq’slosses Financials –4.0 –30
economicshutdownsresult- the U.S. to make a speedy re- havebeencutto3.6%.OnFri- (cid:2)JamesMackintosh:Stocks
J F M A
ingfromthepandemic.A3 covery when the coronavirus day the Dow climbed 705 ignorerecessiontemplate...B11 Source:FactSet
(cid:3)Thepresidentannounced
a$19billionreliefprogram Trump
fortheagriculturesector,
whichhasbeenhithardby
thecoronavirusoutbreak.A7
Signals
(cid:3)Theadministrationistak-
ingstepstoreducecostsand
restrictionsonfarmerslook-
ingtohiremigrantworkers Backing
duringthepandemic.A7
(cid:3)Astandoffoverreplen-
To End
ishingaloanprogramfor
smallbusinessesshowed
signsofeasingasatopRe-
publicanbackedpairingit Closures
withhospitalfunding.A6
(cid:3)AuthoritiesinWuhan,
China,revisedthelocaldeath
President Trump signaled
tollupwardby50%,publicly
his support for protests in
acknowledgingforthefirst
some state capitals against
timethattheypreviously
stay-at-home orders designed
omittedmanyfatalities.A1
to slow the coronavirus pan-
(cid:3)Morethan160SouthKo- demic,adayaftertellinggover-
reanshavetestedpositivea norsthattheywouldbethefi-
secondtimeforthecorona- AL
N
virus,adevelopmentthat UR ByAndrewRestuccia,
O
sguegrgliefsetsthiatnmeaxyphecatveeda.Alo7n- REETJ anSdaEblrizinaabeStihddFiiqnudiell
ST
Business&Finance WALL nal decision makers about
HE reopeningtheireconomies.
T
R InaseriesoftweetsonFri-
(cid:3)theUD.So.wstoncoktcshcinligmabetwd,ow-witehek AYFO day, Mr. Trump highlighted
W threestates—Michigan,Minne-
gainof15%,itsbestsuch CON sotaandVirginia—whichhave
performancesincethe1930s. Y
Theexplosiverallyisasign ASE Democratic governors and
thatmanyinvestorsareposi- VEStoreownerFrankTimberlakepausesbetweenhismanytasksatRichSquareMarketinRichSquare,N.C. wpahretrebyprcootnessetsr,vaotrivgeangizreodupisn,
tioningfortheU.S.tomakea
have taken aim at social-dis-
speedyrecoverywhenthe
tancing measures. The U.S.
coronaviruscrisiseases.A1 Tough Times for the Town’s Only Grocer
death toll from the virus
(cid:3)AltriaCEOWillardhas climbed to more than 37,000
steppeddownaftertwo Friday, with reported cases
rockyyearsthatresulted reaching more than 700,000,
inbiglossesonaninvest- according to data from Johns
mentinJuul.Financechief FrankTimberlakefretsaboutthevirus,stockingenougheggsandthepriceofCharmin HopkinsUniversity.
Giffordsucceedshim.B1 “LIBERATE MINNESOTA!”
Mr.Trumpwrote,usingsimilar
(cid:3)Afleetoftankersfullof BYVALERIEBAUERLEIN Mr.Timberlakehasnocorporate language about the other
Saudioilmakingitswayto THE
backstopandismanagingbusiness states.
theU.S.GulfCoastthreatens
RICHSQUARE,N.C.—Thecoronavirus CORONAVIRUS throughthepandemiconhisown.The Mr. Trump has shifted his
toworsenanalreadyhistoric
hitruralNorthamptonCountylast localhealthdepartmenthaslittlead- stance several times this past
oversupplyofcrude.B1 month,butthishasbeenthehardest PANDEMIC vice.Countyauthoritiesarefocusedon weekonwhoisultimatelyre-
(cid:3)U.S.oilpricesslidtoa
weekyetforFrankTimberlake,owner thespreadofthedisease.Hesaidheis sponsible for the coronavirus
new18-yearlow,recording
ofRichSquareMarket,theonlygrocery makingdecisionsbasedonTVnews,oc- response,firstsayinghewould
anotherbigweeklydropamid
storeintown. casionalemailsfromagrocers’group makethecallonreopeningthe
evaporatingdemand.B10 Stormswipedoutpowerandthe Countingcasesisharder and“whatmyhearttellsme.” country,butthendeferringto
(cid:3)Schlumbergerslashed marketwentdarkforsevenhoursMon- thanitseems,A2 Thegrocerhashadtoraisetheprice thestates.
itsdividend75%andisre-
day,threateningtospoilthemeatand ofeggsby$2adozentokeepupwith Prominentpublic-healthdoc-
structuringbusinesses,cut- Hopefulsignsinstandoff
milkhehadstockpiledforcustomers. hissupplier’scosts.ManyofMr.Tim- torshavesaidthatevenasthe
tingjobsandclosingfacilities overloans,A6
Hesatinhistrucktryingtogetsome- berlake’sshoppersrelyonfoodstamps U.S.buildsitscapacitytotest
amidtheenergyrout.B10
oneonthephoneatthepowercom- RecoveredpatientsinSouth orliveonafixedincome.“Theeggsre- forcasesofthevirus,farmore
(cid:3)VWwillrestartcar pany.“Ifeelhelpless,”Mr.Timberlake Koreatestpositive,A7 allybotheredme,”hesaid. testing is needed before the
plantsacrossEuropenext said.“We’velostpowerbefore,butit’s Mr.Timberlakesells9-packsof PleaseturntopageA6
week,offeringapandemic- notbeenduringthisvirus.It’sthetwo Chinaeconomyravaged,A8 CharminUltraSoftat$15.19because
erablueprintforother togetherthatarehard.” PleaseturntopageA9 (cid:2)Trumpunveils$19billionin
globalmanufacturers.B3 aidforagriculture..................A7
(cid:3)P&Greporteditsbiggest
U.S.salesincreaseindecades Pandemic Uncovers New Use Toll in Wuhan Surges EXCHANGE
asAmericansstockedup
For a Fearsome Polish Liquor
onhouseholdmainstays.B3
(cid:3)Gileadsharesjumped By 50% After Recount
nearly10%onencouraging i i i
reportsaboutanexperi-
Lacking hand sanitizer, folks make it out
mentaldrugforCovid-19.B3
BYJEREMYPAGE authorities substantially un-
of 96%-alcohol Spirytus Rektyfikowany ANDWENXINFAN dercountedcoronavirusinfec-
NOONAN tionsanddeaths.Chineseoffi-
WUHAN,China—Authorities cialsrepeatedlyhavedefended
Needed:ALittleGive
BYCEZARYPODKUL spirytusis96%alcoholbyvol- in Wuhan, the coronavirus theaccuracyoftheirdata.
AndaLot
ume, making it the strongest pandemic’soriginalcenter,re- Thefigurewasadjustedto
OfIntegrityA13 Alotofstoreshelveshave liquoravailableinmoststores. vised the local death toll up- include people who died at
beenpickedcleanofhandsan- Otherdistillersandsomeper- wardby50%,publiclyacknowl- home and to correct earlier
itizer,bread,papertowelsand fume makers are retooling edging for the first time that misreporting from hospitals
CONTENTS Opinion...............A11-13
toiletpaper. their processes to produce theypreviouslyomittedmany thatwereoverwhelmedinthe
Books....................C5-16 Sports.......................A14
Food.........................D7-8 Style&FashionD3-4 Also, Spirytus Rektyfikow- spiritsstrongenoughforhand fatalities,includingpeoplewho epidemic’searlystages,aWu-
Gear&GadgetsD2,10 Streetwise...............B11 any. sanitizer. Spirytus is already diedathome. han health official said in a
HeardonStreet...B12 U.S.News.............A2-3 ThepowerfulPolishliquor there. The number of deaths in separate interview published
Markets.....................B11 Weather...................A14
was in high demand during “Itbordersonamiracleto WuhanattributedtoCovid-19 byXinhuaonFriday.
Obituaries...............A10 WkndInvestor.......B5
Poland’sCommunist-erashort- find hand sanitizer around increasedby1,290to3,869,ac- Thenewfigurewasreached
ages. It has become a big here,” said Elwira Ogórkie- cording to a notice from Wu- after authorities started dou-
> seller in liquor stores in an- wicz,whocouldn’tlocateany hanhealthofficialspublished ble-checkingdatafrommedical TOUGHDECISIONS
otherera,thecoronavirusone. inherhometownnearthePol- Friday by China’s state-run and other facilities, including Theiraccesstoeasy
Itservestwopurposes:asa ishseaportofGdańsk.Soshe XinhuaNewsAgency. crematoriums, prisons and
moneygone,Silicon
storeofliquorinalockdown, made her own, out of the Many Wuhan residents, as nursing homes in late March,
Valleystartupsare
and an ingredient for home- same high-proof booze her well as epidemiologists and Xinhua quoted the official as
s2020DAollwRJigohntessR&esCeormvepdany,Inc. madehandsanitizer. mother-in-lawusestoproduce U.S. intelligence sources, had saying.Theadjustmentpushed scrambling.B1
In its most potent form, PleaseturntopageA9 said they suspected Chinese PleaseturntopageA8
A2|Saturday/Sunday,April18-19,2020 THEWALLSTREETJOURNAL.
******
U.S. NEWS
THE NUMBERS | ByJoCravenMcGinty TaxDrop
Individualincometaxcollected
Counting Cases Is Harder Than It Seems
inthefourdaysuptoand
includingApril15was85%less
thantheaverageofasimilar
periodleadinguptoTaxDay
inthefiveprioryears.
Someofthe trends,buttheycontributeto bytheCentersforDisease thedigitalfilesandreportis- firmation,accordingtoan Inbillions 62
mostfre- confusionoverthereports: ControlandPrevention,Mr. sueswiththerecords; ECDCspokesman. (cid:2)4
quentlycited Who’sright?And,forreal, Donovansaid.Clinicallydiag- aroundathousandproblems CasesfromtheU.K.and
figuresthese howmanycasesarethere? nosedcasesarethosethatha- havebeenreported. theEuropeanUnionareas- 39
daysarethe TheWorldHealthOrgani- ven’treceivedtestresultsbut sembledfromanearly-warn- $3(cid:2) 3(cid:2)
numberof zation,theEuropeanCentre areconsideredpositive. TheWorldHealthOr- ingresponsesystem,theEu-
Covid-19casesanddeaths. forDiseasePreventionand Theuniversitypublishes ganizationandtheEu- ropeanSurveillanceSystem
Theresultshaveinfluenced ControlandJohnsHopkins itsdataonaninteractive ropeanCentreforDis- knownasTESSy,andofficial
7
decisionstolockdownecono- Universityareamongthe mapwithanassortmentof easePreventionandControl datapresentedbypublic-
miesandwillplayarolein groupsthatpublishCovid-19 chartsonawebsitethatis updatetheircaseanddeath healthauthoritiesonmem-
planstoeasetherestrictions. countsbasedoninformation updatedmultipletimeseach countsonceadayanddis- berstates’websites.Forthe 2015 ’16 ’17 ’18 ’19 ’20
Butcountingthesethingsis provided,forthemostpart, dayandreportsdailytraffic playtheinformationinon- restoftheworld,theorgani- Note:2020reflectsthefourdaysuptoand
hard. bygovernmentsources. of1.2billion. linemapsandchartswith zationusesWHOdata. includingApril15;the2020taxfilingdeadline
hasbeenextendedtoJuly15.Doesnotinclude
First,youhavetodecide Eachreportswhatitcalls ItsdatasourcesareDXY,an downloadabledata. Itsrecordsaresubjectto
withholdings.
whattoinclude.Second,you confirmedcasesofthedis- onlineplatformrunbymem- TheWHO’snumberstend corrections,whichmeans Source:TreasuryDepartment
havetoapplythecriteria ease,butthemostexpansive bersoftheChinesemedical tobethelowestofthethree somenumberscouldshift
uniformly.Andthird,you definitionandthelargest community,WHO,ECDC,Twit- organizations. fromonedaytothenext, Uncle Sam
mustassembletheresults numbersarerecordedby terandonlinenewssources. “WHOisrequiredtopublish andtherearealsoreporting
withouterror. JohnsHopkins. “Theprocessincludesan verifieddataonly,”saidTarik differences.
Thosetasksarefurther automatedsystemthatflags Jašarević,aWHOspokesper- “Nationalupdatesarepub- Took a Big
complicatedwhenadisease Onedaythisweek,the anomaliesinthedatathat son,explainingthelikelyrea- lishedatdifferenttimesand
likethenewcoronavirusrap- university’sglobalto- teammembersthenfollowup sonforthedifference. indifferenttimezones,”said
idlyinfiltratesmorethan200 talofCovid-19cases manuallytoconfirmtheaccu- Theagencypublisheslabo- SergioBrusin,ECDCprincipal Loss on
countries,witheachcollecting wasabout65,000higher racyorcorrecttheanomaly,” ratory-confirmedcasesself-re- expertforemergencyre-
itsowndata.Onceassembled, thantheECDCfigureand Mr.Donovansaid. portedbymemberstates.The sponse.“This,andthetime
thepiecesfittogetherlikea 99,000higherthantheWHO Recently,theuniversityre- dataarenotedited,andbe- ECDCneedstoprocessthese Tax Day
giantjigsawpuzzlewhose numbers.Itsdeathcounts movedaround30,000cases causeofdifferencesinreport- data,mightleadtodiscrepan-
shiftingimagerevealstheex- werearound5,000higher fromthenumbersithad ingmethods,retrospective ciesbetweenthenational
tentofthepandemicandthe thantheECDCand6,800 postedforFranceafterThe dataconsolidationandreport- numbersandthenumbers
effectivenessofinterventions higherthantheWHO. WallStreetJournalpointed ingdelays,theWHOwarns publishedbyECDC.” BYRICHARDRUBIN
aimedatdismantlingit. Accordingtouniversity outthewebsitehaddouble- newcasesmaynotalwaysre- Giventhechallengeofiden- ANDANTHONYDEBARROS
Butthemethodologiesof spokesmanDouglasDonovan, countedcasesinFrenchnurs- flectthedifferencebetween tifyingandcountingcases
theorganizationsconstruct- JohnsHopkins’sdatainclude inghomes.Theerrormadeit yesterday’sandtoday’stotals. whileinthemidstofapan- WASHINGTON—It was a
ingthisglobaloverview— casesthatarelaboratorycon- brieflyappearthatFrancehad Thenumbersreportedby demic,it’sunderstoodthat TaxDayunlikeanyother.
and,therefore,theirtallies— firmed,clinicallydiagnosedor passedGermanyintotalnum- theECDCtendtofallsome- theseinitialfiguresrepresent TheU.S.’staxsystemranin
differ,andsometimes presumptivepositive. berofcases. wherebetweenJohnsHopkins onlyasubsetofthetotal.But reverse this past Wednesday,
mistakesaremade. Presumptive-positivecases Theuniversitymakesits andtheWHO.Itscasedefini- thetrendshelppolicymakers with$17billioncominginand
Thediscrepancies,which arethosethattestedpositive dataavailablethrough tionsmaydifferfromone anddiseaseexpertscraftare- $151 billion going out as re-
numberinthetensofthou- atlocalorstatelaboratories GitHub,anonlinerepository countrytoanother,butmost sponsetothedisease—andfor funds, according to Treasury
sands,don’taltertheoverall butareawaitingconfirmation whereuserscandownload countriesuselaboratorycon- now,that’swhatcounts. Departmentdatareleasedlate
Thursday.
U.S.WATCH Normally,April15isareve-
Fed Moves quarter of 2020, before re- nue bonanza for the federal
bounding. government.Itisthedeadline
MarkoKolanovic,JPMorgan for individual income taxes,
Energize Chase & Co’s global head of unless a weekend or holiday
quantitative and derivatives intervenes.Itisalsowhencor-
strategy, has been analyzing porations and other busi-
Stock Rally reamsofdataonthespreadof nessesandindividualspayes-
thepandemicaroundtheglobe, timatedquarterlytaxes.
lookingathospitalizationrates Overthepastfiveyears,in-
and resources like hospital dividual income taxes, other
ContinuedfromPageOne beds for clients. He expects than withholdings, deposited
ofthepicturenow,”saidZhiwei U.S.stockstobebackathighs attheTreasuryDepartmenton
Ren, a portfolio manager at in the first half of next year. TaxDayhavebeenmorethan
Penn Mutual Asset Manage- Why? Going against the Fed-
ment. “The Fed is the funda- eralReserveistypicallyalos-
mentalreason”fortherebound. ingbattle,hesaid. Thetaxsystemran
The central bank also un- TheFed’slatestmove“rein-
inreverse,with$17
leashedamassiveprogramto forcesourviewofafullasset
buy Treasurys and mortgage- pricerecovery,andequitymar- billioncomingin,
backedsecurities,whilePresi- kets reaching all-time highs
$151billionpaidout.
dent Trump signed a roughly nextyear,”Mr.Kolanovicsaid
$2 trillion stimulus package, inarecentnote.
the biggest relief package in Theremaybelimitstothat
U.S.history—withmorelikely view, other analysts said. For
aidonthehorizon. example,a$350billionsmall- double the next-largest daily
For some investors, it business loan program from amount,alsoinmid-April.
doesn’t pay to bet against the U.S. government has al- RESS But this year has been dif-
stocksaftertheFedsteppedin. ready exhausted its funding, P ferent.Becauseofthecoronavi-
D
Thestimulusspurredafearof highlighting the mammoth ATE rus outbreak, the government
missing out among investors challenge that lawmakers OCI delayed the individual tax
andgavemanytheconfidence face—and sheer amount of ASS deadline and estimated-tax
toresurrectsomeofthemost cashnecessary—tosupportthe BELL/ deadlinesuntilJuly15,meaning
popular tactics of recent economyandkeepAmericans MP thatnoneoftheusualincome-
years—buyingdipsinthemar- employed. CA taxpaymentswererequired.
N
ket and piling into shares of Thesetypesofloanscanbe DO Congressalsoletcompanies
bigtechnologycompanies. forgiven if firms don’t lay off NASA’sJessicaMeirreturnedtoEarthonFridaywithtwootherastronautsafterastintonthe delay paying the employer
Thecoronavirus’tollonthe workers, but U.S. lawmakers internationalspacestation.TheRussianSoyuzMS-15spacecraftlandedsafelyinKazakhstan. shareofpayrolltaxes.Andthe
have recently struggled to sudden economic slowdown
DowJonesIndustrialAverage, agreeonthenextroundofcor- NASA PENTAGON VIRGINIA means that fewer people are
weeklymoves onavirusemergencyaid. May 27 Set for U.S. Amazon Faces ACLU Sues Over earning money and paying
Despitethestimuluschecks taxes.
10% Astronaut Launch Setback in Jedi Case Absentee Ballot Rule
goingtoAmericansaroundthe The result: Individual in-
country,measuresbythecentral come tax collections other
bankandgovernmentcan’talter NASAandSpaceXhave Afederaljudgegrantedthe TheAmericanCivilLiberties than withholdings dropped
5
humanbehaviorandforcepeo- pickedMay27forresumingas- Pentagon’srequesttoreconsider UniononFridayaskedafederal 89%fromTaxDaylastyear.
pletoleavetheirhomes,eatat tronautlaunchesfromtheU.S. aspectsofitshugeJEDIcloud- courttoblockVirginiaelection Sowhatisthegovernment
restaurants, shop atmalls and afternineyearsofcomplete computingcontract,amovethat officialsfromrequiringthatab- doinginstead?Payingmoney
0 gotomovies.Thathasledsome Russiandependence. Amazon.comInc.hadopposed. senteevotersfindawitnessto out.
analyststosayarecoverymay Astronautshaven’tlaunched JudgePatriciaCampbell-Smith watchthemsigntheirballots, Thisyear,asusual,refunds
–0.04
takelongerthanmanyarecur- intoorbitfromtheU.S.sincethe saidshewouldstayAmazon’sbid- citingthesocial-distancing peaked in February because
–5
rentlyanticipating. NationalAeronauticsandSpace protestcasewhilethePentagon guidelinespromptedbythecoro- manypeoplefiletheirtaxre-
Someinvestorsarestillanx- Administration’slastspaceshut- weighschangestotheproject naviruspandemic. turns soon after the Internal
iousbecausethebondmarket tleflightin2011.SpaceXaims thatcouldaddresssomeofAma- TheACLUarguesthewitness Revenue Service lets them,
–10
issendingamorecautioussig- toendthedroughtbysending zon’sobjections.Thestaycould requirementcouldforceabsentee gettingmoneybackasquickly
nal. Investors have continued twoNASAastronautstothein- lastuntilmid-Augustorlonger. voterswholivealonetochoose astheycan.
–15 scoopinguptraditionally safe ternationalspacestation. Amazonhadobjectedtothe betweennotvotingorrisking Then,latelastmonth,Con-
assets like government bonds AstronautsDougHurleyand Pentagon’sproposedremand,ar- theirhealthbyaskinganother gress authorized one-time
Jan. Feb. March April
andgoldasstockshaverallied. BobBehnkenwillblastoffatop guingthatthePentagon’srecon- persontocometotheirhomes stimulus payments—catego-
Source:FactSet Theyieldonthe10-yearTrea- aSpaceXFalcon9rocket. siderationoftheprojectshould towitnesstheirsignatures. rized as refunds—of $1,200
surynotehasfallento0.655% Onlythreecountrieshave bemuchbroader.Amazoncon- Thesuitispartofabroader peradultand$500perchild.
population and the economy from 1.26% in mid-March as launchedpeopleintoorbitsince tendedthattheDefenseDepart- campaignfromvotingrights Thefirstwaveofpayments
has been devastating, with bond prices have risen, while 1961:Russia,theU.S.andChina, ment’sproposedremand groupsandDemocratstoease wererecordedintheTreasury
deaths and unemployment gold prices hit their highest inthatorder.SpaceXwouldbe amountedtoa“do-over”tohelp restrictionsonabsenteevoting. Department’sbooksaspartof
mounting,andbusinessesofall levelinmorethansevenyears thefirstcompany. MicrosoftCorp.preserveitswin ManyRepublicansoppose a $150 billion individual re-
sizesupended. thisweek. InKazakhstanonFriday, inthefaceofAmazon’sprotest. suchefforts,citingtheriskof fundoutflowonApril15,this
Still, as the data has dark- Theconcurrentgainsacross NASAastronautsJessicaMeir Earlierthisweek,aDefense voterfraud.“It’sjustanotherat- past Wednesday. That was
ened,investorshavebeenbuy- traditionallyriskyandsafeas- andAndrewMorgan,andRus- Departmentinspectorgeneral’s temptbytheDemocratsto more than half of the total
ingstocks,extendingtheDow’s sets alike suggest that many siancosmonautOlegSkripochka reportlargelydismissedobjections makevoterfraudeasier,”said amountofpaymentsCongress
rallyfromitsMarchlowto30%. remainconcernedaboutanex- landedsafelyafterastinton totheprojectfromseveraldisap- JohnMarch,aspokesmanfor approved—and more than
It is a sharp about-face from tendeddownturn. thespacestation. pointedbidders,includingAmazon. theRepublicanPartyofVirginia. double this year’s February
March,themostvolatilemonth Investorshavealsotreated —AssociatedPress —JohnD.McKinnon —AssociatedPress peakrefundday.
in the stock market’s history, somecornersofthestockmar-
whenthe11-yearbullmarketin ket as a hiding place, piling CORRECTIONS (cid:2)AMPLIFICATIONS
equitiesabruptlyended. into the technology darlings THEWALLSTREETJOURNAL
“Whileit’sgreattobeinthe thatpoweredmarketshigherin (USPS664-880)(EasternEditionISSN0099-9660)
green,wedowonder,whatisit recentyears. (CentralEditionISSN1092-0935)(WesternEditionISSN0193-2241)
thatthemarketsarecelebrat- Amazon.comInc.andNetflix China’sindustrialproduc- 18.57 and 3.73 in Markets Di- Editorialandpublicationheadquarters:1211AvenueoftheAmericas,NewYork,N.Y.10036
ing,”saidAmyKong,chiefin- Inc. both surged at least 14% tion in March was down 1.1% gestonApril15.TheDowin- PublisheddailyexceptSundaysandgenerallegalholidays.
PeriodicalspostagepaidatNewYork,N.Y.,andothermailingoffices.
vestmentofficeratBarrettAs- this week and set records, from a year earlier. In some dustrials’trailingP/Eratioand
Postmaster:SendaddresschangestoTheWallStreetJournal,
set Management. “Nobody whilesomeofthemomentum- editionsFriday,aPageOnear- dividendyieldalsoweregiven 200BurnettRd.,Chicopee,MA01020.
knowshowlongthisisgoingto driventradesthatwerepopu- ticle about the Chinese econ- incorrectly in the editions AllAdvertisingpublishedinTheWallStreetJournalissubjecttotheapplicableratecard,
last,”shesaidofthepandemic. larearlierintheyearalsore- omyincorrectlydescribeditas datedApril4-14.Atablecon- copiesofwhichareavailablefromtheAdvertisingServicesDepartment,DowJones&Co.Inc.,
1211AvenueoftheAmericas,NewYork,N.Y.10036.TheJournalreservestherightnotto
Manyanalystsarenowbet- emerged. Tesla Inc. has risen thefirst-quarterfigurerather taining the corrected data is
acceptanadvertiser’sorder.Onlypublicationofanadvertisementshallconstitutefinal
tingonaV-shapedrecovery—a for10consecutivetradingdays, thanmonthlyfigure. available at WSJ.com/Correc- acceptanceoftheadvertiser’sorder.
sharp slowdown and then a its longest winning streak on tions. LetterstotheEditor:Fax:[phone];email:[email protected]
quickrebound. record,bringingitsgainforthe Thetrailingpricetoearn- Needassistancewithyoursubscription?
Analysts are also looking yearto80%. ings ratio and dividend yield Redlands, Calif., was mis- Byweb:customercenter.wsj.com;Byemail:[email protected]
Byphone:1-800-JOURNAL(1-800-568-7625)
pastthisyear’sabysmalearn- It seems like a “hold your for the Dow Jones Industrial spelled as Redland in a Navi-
Reprints&licensing:
ingsexpectationsandforecast- nose,closeyoureyesandbuy,” AverageforApril14were18.55 gatingtheCoronavirusarticle Byemail:[email protected];Byphone:1-800-843-0008
ing profit growth in the first situation,saidMikeBailey,di- and2.76,respectively.Thefig- FridayabouthowaUPSdriver WSJbackissuesandframedpages:wsjshop.com
and second quarters of next rectorofResearchatFBBCapi- uresweregivenincorrectlyas copeswithstress. Ournewspapersare100%sourcedfromsustainablycertifiedmills.
year,FactSetdatashow.Corpo- tal Partners. “Even though
rateearningsareprojectedto there’s a torrent of economic ReaderscanalertTheWallStreetJournaltoanyerrorsinnewsarticlesby GOTATIPFORUS?SUBMITITATWSJ.COM/TIPS
plunge by 27% in the second datacoming.” [email protected].
THEWALLSTREETJOURNAL. Saturday/Sunday,April18-19,2020|A3
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U.S. NEWS
Sports Eye
Second Wave
As New Risk
Afreshsurgeofcases University, who chaired the
panelthatguidedtheNational
inSeptember,now
CollegiateAthleticAssociation
packed,wouldhita to shutting down sports this
spring.“Anydiseasewhenyou
reelingindustryanew
have an epidemic, when you
loosen up prevention, you’ll
BYLOUISERADNOFSKY haveasecondwave.”
ANDBENCOHEN The question of when
Americanlifegetsbacktonor-
The September sports cal- malisnotwhethertherewill
endar is suddenly packed. In beanotherspikeincases,hos-
additiontotheusualSaturdays pitalizations and deaths. Mr. SS
RE
andSundaysfilledwithcollege DelRiosaysit’sthisquestion: P
D
and professional football, the “Howmuchofasecondwave ATE
lineup now includes the Ken- areyouwillingtotolerate?” OCI
tucky Derby, the Tour de Thatmeansthattheconver- ASS
France,tworescheduledmara- sationaboutgettingthecoun- NG/
thons, golf tournaments and trybackonline—andsportsas YDI
N
tennisGrandSlams.Andthat themosthigh-profileexample O
T
coulddealanotherblowtoan of that—has come to revolve AresurgenceofCovid-19threatensapackedfallofrescheduledeventsliketheKentuckyDerbyandtraditionaloneslikecollegefootball.
industryalreadyreelingfrom around the preconditions for
theunprecedenteddisruptions containing a second wave whenit’sbeingprojected. wave in the fall. He has been forawhile.” sity of Michigan has one of
ofthecoronaviruspandemic. throughidentifyingandisolat- “Thegreatfearisthatthis pushingforastaggeredreturn For some scientists, it is a several college stadiums that
Those blockbuster sports ing new cases. They aren’t willrecuragainthisfall,”said ofactivities.Hisplancallsfor probabilityproblem.Theprev- canholdthesortofenormous
events are scheduled right in thereyet.Ifthey’renotinplace GarySimon,chiefofinfectious gradually scaling back up alence of cases is unlikely to crowds that might become a
timeforabiggerproblem:the bythefall,massgatheringsare diseasesatGeorgeWashington again,basedonthesizeofthe sinklowenoughbythisfallto relic of the recent past.
secondwaveofthevirus. out of the question. Even if University,whowarnsthatau- gatherings and their signifi- host a football game without “You’recertainlynotgoingto
There has always been a theyare,massgatheringsmay tumniswhensocialdistancing cance,andmonitoringtheef- the high risk of someone in- put100,000peopleintheBig
secondwaveintheepidemics stillbeoutofthequestion. wouldberelaxedjustintime fectsateachstage. fectedbeinginthecrowd.The House,”Mr.Bergstromsaid.
thathaveinterruptedAmerican Ithasnowbeenmorethana to collide with the beginning Massgatheringsforsports morepeopleinthecrowd,the The first wave of the 1918
lifeoverthepastcentury,from month since the shutdown of offluseason. gamesareatthebottomofhis greater the chance that at flupandemichittheU.S.and
influenzatoAIDS,andtopin- American sports, and the re- In a study published this list.Thesightoffansinstadi- least one is infected, and the the world hard. It was miti-
fectious-disease experts have turn of games on television past week in Science, a team umsiscontingentona“quies- morepeopletheinfectedwill gated in the summer only to
been warning for weeks that and fans to stadiums has be- fromHarvardUniversitycau- cent”fallandrobustsystemof beincontactwith.Allittakes come roaring back harder in
historywilllikelyrepeatitself comealitmustestforareturn tionedthatthesuccessofthis testingandcontacttracingto isonegametotriggeralocal thefall.
inthecoronaviruspandemic. tonormalcy.Thatsentimentis first round of interventions identify and isolate new outbreak. “Thesecondwavekilledfar
Thereturnofthisnewcoro- comingdirectlyfromtheWhite maypushtheepidemic’speak cases—as well as measures “Ithinktheriskofasecond more people than when the
navirusisthedarkestshadow House,wherePresidentTrump intotheautumn,whenthere- thatincludefeverguns,hand waveisahugerisk,andyou’re Spanish flu first swept
hanging over the future of has said repeatedly that “we sources of hospitals and sanitizerhandoutsandmasks playing with fire holding a throughtheworld,”saidLaw-
sports,concertsandeverykind havetogetoursportsback.” health-caresystemswouldbe insidestadiums. football game with people in rence Gostin, the director of
of mass gathering that was But the second wave is strainedagain.Theysaidsome “Wecouldbringlawnmain- the stands,” said Carl Berg- the World Health Organiza-
commonplace before. If there what’s in the way of that vi- periods of social distancing tenancecrewsbackattheend strom, a biology professor at tion’scenteronglobalhealth
is no second wave, it would sion. The first outbreak put mightbenecessaryuntil2022. of the month with very low theUniversityofWashington. law.“Wehavenoreasontobe-
breakastreakofcenturies. theNationalBasketballAsso- Scott Gottlieb, the former risk,butwecan’tfillupstadi- There are roughly 20,000 lieve that Covid-19 will take
“Secondwavesareinevita- ciation playoffs and Major FoodandDrugAdministration ums,”hesaid.“Ithinktheen- fansatNBAgamesand30,000 morelivesthisfallandwinter,
ble in pandemics when you League Baseball opening day commissionerwhoisadvising tertainmentvenuesaregoing fans at MLB games. But the but it is likely to return and
don’thaveavaccine,”saidCar- on hold. A second wave in the Trump administration on to be some of the last things average National Football will continue to have similar
losDelRio,headoftheglobal- Septemberwouldcollidewith itscoronaviruspolicy,sayshe webringback.…Sportsarego- League game draws about impactsonhealth,deaths,and
health department at Emory football season—and that’s sees a high risk of a second ingtobeplayedwithnofans 65,000people,andtheUniver- hospitalizations.”
Governors Scale Back on Spending ‘Workshare’ Programs
Try to Mitigate Layoffs
BYSCOTTCALVERT
Governors across the U.S. BYSARAHCHANEY said.“Whilewewerewaiting
aremovingtocancelorfreeze forthefederalgovernmentto
billionsofdollarsinspending WASHINGTON—Astate-run stepin,thestatehadareally
asstatesbraceforfalloutfrom programthathelpsbusinesses nicesolutionforus.”
theeconomicshutdownresult- cutcostswhileretainingstaff Gibson’s also received
ingfromthecoronaviruspan- is becoming an increasingly small-businessloansfromthe
demic. commonstrategytofightthe federalgovernmentthisweek
New Jersey homeowners, economictollofthecoronavi- that should end its depen-
including seniors, will see ruspandemic. denceontheprogram,atleast
smaller property-tax rebates. Statelabordepartmentsare intheimmediatefuture.
Tennesseepublic-schoolteach- seeingaswiftincreaseinem- Such programs are de-
ers expecting a 4% raise will ployer applications for pro- signed to help minimize the
get half that. Lower-incomeSS grams known as workshares painofaneconomicdownturn
Virginianswon’tbeabletoat-PRE thatallowcompaniestoreduce andmaximizethespeedofan
tend community college tu-ATED workerhoursandemployeesto economicrecovery.
ition-freetostudyforcareersOCI collectproratedunemployment “If people have been on
inhigh-demandfields,ifstateSS benefits to help offset lost worksharing, and they’ve re-
A
lawmakersapprovethegover-Y/ wages,avoidingfulllayoffs. mained attached to the busi-
nor’sbidtofreeze$2.3billionHRE Suchprogramsareavailable ness,it’sgoingtobealoteas-
P
innewspending. UM in more than half of states, ier to ramp back up,” said
H
States’ fortunes haveK which together account for Katharine G. Abraham, eco-
R
changed at a dizzying speed.MA about70%ofallU.S.payrolls. nomicsprofessorattheUniver-
Justafewmonthsago,many StatesincludingTexas,Ore- sityofMarylandwhoservedas
governors rolled out lists of TennesseeGov.BillLee,above gon,Colorado,Wisconsinand economic adviser to former
new proposals, buoyed by center,submittedabudgetthat Arkansassaytheyhaveexperi- PresidentObama.
stronggrowthandrobustrev- halvedaraiseforteachers. encedariseincompanyappli- Employees under the pro-
enueprojections. NewJerseyGov.PhilMurphy cationsfortheprogramssince gramsalsoareeligibleforthe
Therecentmovesrepresent froze$1.058billioninspending. the coronavirus caused busi- extra $600 a week in unem-
the opening round of what nessestobeginshuttingdown ployment benefits that other
couldbefardeeperbudgetcuts 2,100 cities expect shortfalls, inmid-March. Americans collecting regular
later,saidBrianSigritz,direc- according to a survey by the That has translated into a unemployment benefits are
torofstatefiscalstudiesatthe NationalLeagueofCitiesandSS higher number of workers startingtoreceive.
National Association of State U.S.ConferenceofMayors.LosPRE drawing on workshare bene- State law determines
D
BudgetOfficers.“It’sextremely Angeles predicts a $231 mil-ATE fits. Across the U.S., 26,000 whethercompaniesthathave
challengingrightnow,”hesaid. lion decline in revenue thisOCI people were receiving unem- alreadylaidoffemployeesdue
WashingtonGov.JayInslee, fiscal year and up to a $600SS ployment benefits through tothecoronavirusareallowed
A
aDemocrat,thismonthvetoed milliondropnextyear. OTA/ workshareintheweekended to rehire workers and imple-
budgetitemsprojectedtocost “ThecitiesaretheonesthatD March 28, up from 9,000 in menttheprograms.Statesalso
PE
$445millionoverthreeyears, areonthefrontlines,theonesS the same week from a year determinebywhatpercentage
RI
including a plan to hire 370 thatarereallyfightingthisis-H earlier,accordingtotheLabor employersmustreduceworker
C
school guidance counselors sue,” said Clarence Anthony, Department. hourstobeeligible.
and $50 million for climate theleague’sexecutivedirector. minimize the impact of clo- andlongthisisgoingtolast,” Still, compared with the For some state labor de-
change mitigation. Mr. Inslee In February, Republican suresonstudentlearning.” saidAubreyLayne,thestate’s millionsofworkersacrossthe partments,thesharprun-upin
feltthenewspendingnolon- TennesseeGov.BillLeeprom- InNewJersey,Democratic finance secretary. “We hope- U.S. filing for unemployment applicationsfortheprograms
germadeeconomicsense,said ised a 4% raise for teachers Gov.PhilMurphyfroze$1.058 fully will be able to put them benefits in recent weeks, the is further straining outdated
DavidSchumacher,directorof and proposed a $250 million billioninspending.Thelargest back,ifourrevenuesallow.” number using the programs technology at a time when
thestate’sOfficeofFinancial mental health fund for piece was $142 million for a Democratic Gov. Ralph acrossthecountryisrelatively regular unemployment-bene-
Management. schools. After the pandemic program that gives property Northamisseekingtodelayan small. Lessthan1%ofthe8.2 fits applications are reaching
“At a time when we may emerged, he submitted a re- tax breaks to income-eligible increaseinVirginia’sminimum million Americans claiming unprecedentedlevels.
havetobecuttingbillionsout vised budget that lawmakers homeowners,partofhiscon- wage,whichthelegislatureap- unemploymentbenefitsinthe Colorado had nearly 700
ofthenextbudget,saving$400 approved.Besideshalvingthe tinuingefforttoprovideprop- proved in early March, from week ended March 28 were companiesparticipatinginits
milliongivesyou$400million. raise,iteliminatedthemental erty-tax relief. Rebates, often January2021tothatMay. drawingonwork-sharingben- programbymid-April,upfrom
And two, you haven’t started health fund, while boosting between$400andabout$540 Republican Todd Gilbert, efits, Labor Department fig- about10companiesbeforethe
somethingthatyouthenhave thestate’srainydayfundand ayear,willbe50%smallerthis theVirginiaHouseGOPleader, uresshowed. coronavirusstruck.
tocut,”Mr.Schumachersaid. increasingaidtocities. fiscalyear,stateofficialssay. said the delay is too short. Michael Herrmann, owner CherHaavind,deputyexec-
Congresspasseda$2trillion The crisis “led us to com- “Something is better than Workers and businesses are ofGibson’sBookstoreinCon- utive director of Colorado’s
aidpackagethatincludes$150 pletely shift gears,” said Gil- nothing,”saidLaurelLee,a68- “going to be digging out of cord,N.H.,startedusingwork- Labor Department, said the
billionforstateandlocalgov- lum Ferguson, a spokesman year-old retiree who said she this financial hole well past share when the coronavirus technology behind the pro-
ernments, but the money can forMr.Lee. hadgottenabout$365ayear. May1,2021,”hesaid. forced his bookstore to close gramwasn’tpreparedtomeet
be used only for coronavirus- BethBrown,ateacherand But she added, “People need Anna Scholl, executive di- itsphysicaloperationstothe thesharpriseindemand.
relatedexpenses.Now,astalk presidentoftheTennesseeEd- thatmoney.Peopleareoutof rector of advocacy group public last month. Under the “It’snotautomatedbyany
turns more to reopening the ucation Association union, work,peoplearehurting.” Progress Virginia, said the program, his 19 employees stretch of the imagination,”
economy, states are counting said she sees the need to cut In Virginia, Democrats minimumwageshouldriseas have stayed on board to an- Ms.Haavindsaid.
on Congress to approve more spending but not the raises. passed numerous progressive planned,from$7.25anhourto swer phones, process online StatessuchasColoradoand
fundswithgreaterflexibility. She noted even a 4% boost bills this year after gaining $9.50.Shenotedmanyfront- ordersandmanageshipments. Wisconsin are reallocating
“That’s going to be a huge wouldaverageouttojust$28 control of the legislature last line workers during the pan- Gibson’sBookstoreworkers staff to process company ap-
driverofwhetherwehavebad aweekbecauseofhoweduca- November.Thedownturnwon’t demic earn the minimum. are logging 40% fewer hours plications.
budgets and significant cuts, tionisfundedinthestate. affectmanyofthosemeasures, “Thoseworkers,whoarevery than in normal times and re- Thefederalgovernmentwill
or catastrophe,” Mr. Schu- “Teachers all across the including new gun-control clearly essential to our com- ceiving unemployment bene- pay states with existing pro-
machersaid. country are going above and laws.Butanythingwithaprice munities,areatthesametime fits to help compensate for grams the full cost of work-
Citiesarebracingforabud- beyond right now,” she said, tag is frozen for now. “We strugglingtomakeendsmeet theirshorterworkweek. share benefits they disburse
get crunch, too. More than “workingreallylonghoursto don’t really know how deep fortheirfamilies,”shesaid. “Itwasagreatstopgap,”he throughtheendoftheyear.
A4|Saturday/Sunday,April18-19,2020 THEWALLSTREETJOURNAL.
P W L C 10 11 12 H T G K R F A M 1 2 3 4 5 6 7 8 9 O I X X ****
POLITICS
WhiteHouseadvisersValerie dentsranforre-electionfollow- reachvotersamidthecoronavi- raisedtheissuerepeatedlywith restofus.Anewstudyfrom
JarrettandAlyssaMastromo- inganeconomicrecessioninthe ruspandemic.Stay-at-homeor- theadministration,thisweekon DartmouthCollegeeconomists
naco,andsomeofthepodcast previoustwoyears—fivelost.In- dershavepromptedthecam- acallwithVicePresidentMike examinesstock-tradingbehav-
starsofCrookedMedia,includ- cumbentsduringthatperiod paigntodrasticallyincreaseits Pence.MarylandDemocraticSen. iorbyU.S.senatorsfrom2012
ingJonFavreau,TommyVietor whodidn’tfacearecession phone-bankingoperationto ChrisVanHollenhastakenup throughMarch2020,andit
andDanPfeiffer. withintwoyearsoftheirre-elec- makeupforotherlostopportu- theissue(givenD.C.’slackof finds“noevidencethatSena-
Biden’scampaignincludesa tionallwonsecondterms,ac- nitiestomakecontactwithvot- senators)andtoldtheJournal torshaveindustryspecific
numberofformerObamaaides, cordingtoananalysisbylobby- ers,likeTrump’sbelovedrallies. hehas“spokentocolleagues stockpickingabilityrelatedto
includingcampaignmanager ingfirmMehlmanCastagnetti. Sincepivotingtothenewall-vir- acrosstheaisle,andI’moptimis- theircommitteeassignments.”
JenniferO’MalleyDillon,senior AformuladevisedbyEmory tualcampaignonMarch13,vol- ticthatthere’sapathforward” Buttheydidfindsomeevi-
WASHINGTON
adviserAnitaDunnanddeputy UniversitypoliticalscientistAlan unteershavemade17million tofixthefundingdisparityin dencethatahandfulofsena-
campaignmanagerKateBeding- AbramowitztiesTrump’shopes callstovoters,including1.5mil- subsequentlegislation. torswhohavecomeunder
WIRE
field.ObamasaidTuesdaythat topositivesecond-quarterGDP liononarecentSaturday.It scrutinyforsellingstocksafter
hewouldbebackonthecam- growth—animpossibilitynow— marksapivotforthecampaign, ELIZABETHWARREN’Ssus- aJan.24closedbriefingonthe
paigntrail,"assoonasIcan.” andtheaccompanyingpresiden- whichalreadyhadasignificant pendedpresidentialcampaign newcoronavirusmadeafinan-
Dispatchesfromthe
Tuesday’svideoendorsement tial-approvalratings.Abramow- textingeffortandamassivedig- expectstowindupwitharound ciallybeneficialbet:Thestocks
Nation’sCapital fromObamareachedoverone itz’smodelshowsTrumpwould italoperation.Thecampaignhas $1millionindebt,acampaign soldbysenatorsafterthat
millionviewersonTwitterin40 needatleastnominallypositive alsoboosteditsin-housebroad- aidetellstheJournal’sJoshua meetingunderperformedthe
minutes,andheincludedafund- growthandalate-Junenetap- castschedule,withlivestreams Jamerson.Sincesuspendingher marketby9.2percentage
BYGABRIELT.RUBIN raisinglinkbeneathit. provalratingbetterthanminus featuringTrumpsurrogatesand campaign,Warrencreatedanew points.Federalauthoritiesare
Trumpstartsthenextphase 10towinanElectoralCollege familymembers. committeecalledWarrenDemo- investigatingsomeofthose
OBAMATURNSONTHE ofthecampaignwithahead majority.Butwithaquarterly crats,whichservesasthevessel trades.
SPIGOTS:FormerPresident startonfundraising:Trumpand GDPcontractionalmostguaran- THEDISTRICTOFCOLUM- forher2024Senaterace,as
ObamahasendorsedJoeBiden’s theRepublicanNationalCommit- teedtobeinthedoubledigits BIAwasclassifiedasaterritory wellastofundraisetopaydown MINORMEMOS:Sen.Ed
presidentialcampaign—andnow teeraisedmorethan$63million withmuchoftheeconomyshut ratherthanastateinthe$2.2 debtfromherWhiteHousebid. Markeyturnsheadswithhis
thealumsoftheObamaadmin- inMarchandcombinedhave down,theTrumpcampaignwill trillioncoronavirusstimulus Warrenraisedmorethan coronavirusfashion,pairinga
istrationareofferingtohelpthe morethan$200milliononhand. pinitshopesonacomeback package,leadingittoreceive $100millioninalittleovera maskwithretroNikes…House
formervicepresidentchipaway Bidenhasn’treleasedhisMarch narrativeinthesummerandfall, $500millioninemergencyfunds yearofcampaigning.She’llalso SpeakerNancyPelosireveals
atPresidentTrump’slargecash numbersyet. andahopethatvotersblame insteadof$1.25billion,themini- usethecommitteetofundraise freezerstockedwithnothing
advantage.Bidenisslatedtoap- thevirus,andnothisleadership, mumreceivedbystates.The forotherDemocratsonthebal- buticecreamonCBS’s“Late
pearataMay1virtualfund- ECONOMICINDICATORS forabatteredeconomy. D.C.governmenthashadtouse lotin2020. LateShow”….Trumpfeelsthe
raiserwithseveralformermem- thattypicallypredictapresi- tensofmillionsofdollarsfrom painofsportsfans,sayingheis
bersofObama’sadministration. dent’sre-electionareblinkingred TRUMPCAMPAIGNgoes itscontingencyfunds.Mayor SENATORSareasbadat “tiredofwatchingbaseball
Theguestlistincludesformer forTrump.Since1900,sixpresi- backtobasicsasitseeksto MurielBowsersaidshehas pickingindividualstocksasthe gamesthatare14yearsold.”
Rivals Give
Democrat
A Dose of
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Presumptive Democratic nominee’s campaign reaches out to Sanders backers and progressive groups
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BYELIZACOLLINS toroftheclimate-focusedor- newsforMr.Bidenwasthat
ganizationSunriseMove- theSandersendorsement,
ThreeofJoeBiden’stop ment,saidthecampaignsaid deliveredinajointlive-
aidesarecallingleft-leaning moreinformationonyouth streamappearance,wasboth
organizationsandBernie engagementwascoming.In earlierandapparentlymore
Sanderssurrogates.Co-chairs additiontorequestsfromthe genuinethantheoneMr.
oftheBidenandSanders coalition,Mr.Weber’sgroup SandersofferedHillaryClin-
campaignsarecontacting wantsMr.Bidentopromise tonfouryearsago.Theen-
Congressmemberswho tousehisexecutiveauthority, dorsementcameintheform
backedtheVermontsenator. ifelected,tostopallnewfos- of“thewarm,personalcon-
Anothercon- silfuelinfrastructure.Cristina versationthatHillaryClinton
ELECTION gressmanis Jiménez,executivedirectorof nevergotfromSanders,”
2 2
reassuringlo- immigrant-rightsgroup saysJimKessler,executive
calorganiza- UnitedWeDream,saidshe vicepresidentforpolicyat
tionsofthe wantsMr.Bidentocommitto ThirdWay,anorganization
formervicepresident’spro- stoppingdeportationsand ofcentristDemocrats.“That
gressivecredentials. endingdetentionforundocu- wasanimportantsignal
Mr.Biden’steamisramp- mentedimmigrants. fromSanderstohissupport-
ingupitsoutreachtoliberals, R erstoenthusiasticallyback
tryingtoeasetensionsbe- ep.RubenGallego(D., Biden,notdosogrudgingly.”
tweentheDemocraticestab- Ariz.),amemberofthe Forherpart,Ms.Warren
lishmentandleft-leaningac- CongressionalProgres- toldMSNBCthatshewas
tivistsandyoungpeopleashe siveCaucuswhoendorsed preparedtohelpMr.Biden
workstobuildacoalitionto Mr.Biden,saidhehearssimi- “inanywayIcan”andwould
defeatGOPPresidentTrump. larrequestsfromlocaloffi- agreetobehisrunningmate.
Mr.Bidenhasearneden- cialsandorganizations.He Theendorsementswere
dorsementsfromhistopcom- saidheemphasizesthatMr. accompaniedbyanagree-
petitorsforthepresidential Sen.BernieSanders,left,andJoeBidenatadebateinCharleston,S.C.,inlateFebruary. Bidenhasaddressedsomeis- mentwiththeSanderscamp
nomination,includingMr. suestheycareabout,suchas toformaseriesofjointpol-
Sandersandfellowliberal differentplacethanVicePres- whatthecampaigncalls“new speakwithMr.Biden. hisannouncementthathe icyworkinggroups.Thatcre-
Sen.ElizabethWarren,buthe identBiden,itisourcam- movementgroups,”manyof “WhileIabsolutelywillbe wouldputamoratoriumon atesamechanismtoresolve
hasn’twonoveralloftheir paign’sjobtogooutthere whichpoppedupafterthe endorsingthevicepresident deportationsfor100days,if someofthepolicyriftsbe-
formerbackers. andgetthevote,”shesaid. 2016electionandareoften andtryingtohelphiminev- elected. tweenMr.Biden’smore-mod-
SenioradvisersSymone T moreliberal.Thecampaign erywayIcantowin,it’snot “Alotofthisstuffisgoing eratefollowersandthe
SandersandCristobalAlex hechallengefacingMr. alsoisfocusedontraditional alightswitch,”Ms.Jayapal backandreinforcingtothem more-liberalSandersand
andpolicydirectorStefFeld- Bidenistoengagelib- Democraticgroups,suchas said.“It’snotlikewejustsay, thingsthattheyhaven’theard Warrencampsbeforethe
manhavetakentheleadon eralsinthepartywith- PlannedParenthood. youknow,‘InowendorseJoe orjustdon’tbelieve,”Mr.Gal- partyconvention—which
reachingouttoorganizations outjeopardizingthesupport Rep.PramilaJayapal(D., Biden,everyoneelseshould.’ legosaid. mightbevirtualbecauseof
thatbackedMr.Sandersor oftheolder,moremoderate Wash.),co-chairoftheCon- Peoplereallyhavetofeelthat LouisianaRep.CedricRich- thecoronaviruspandemic.
Ms.Warren.Thoseconversa- voterswhoturnedoutin gressionalProgressiveCaucus energy.” mond,aco-chairofMr.Bi- Yetthepolicydiscussions
tionsareinearlystages; drovesinsuburbanareasand andasurrogateforMr.Sand- M den’scampaign,hasbeenin alsocouldlaybaresomerifts
someliberalgroupscontacted helpedmakehimtheparty’s ers,saidsheheardfromthe essrs.Bidenand contactwithRep.RoKhanna thatcan’tbepaperedover,
byTheWallStreetJournal presumptivenominee.Mr. Bidencampaignbeforethe SanderssaidMonday ofCalifornia,whoheldthe particularlyonclimate
saidtheywerestillworking Trump’scampaignisalready Vermontlawmakerdropped thattheywouldform samepositiononMr.Sand- changeandhealthcare.
toschedulemeetings. seekingtopaintMr.Bidenas outlastweek.Rep.LisaBlunt halfadozentaskforcesof ers’scampaign.Mr.Richmond Onesignofremainingdi-
Mr.Biden’spolicyplansin- tooliberalformostvoters. RochesterofDelaware,aco- peoplerepresentingeach saidthepairarereachingout visionscameinanonlinear-
cludeexpandingMedicareto Meanwhile,thoughmany chairofMr.Biden’scampaign, man’spoliticalviewstohelp tocolleagueswhobackedthe ticlebyDavidSirota,afor-
moreAmericans,andhehas disappointedsupportersof connectedMs.Jayapalwith bridgethegapbetweentheir senatortourgethemtovoice merseniorSandersadviser,
proposednewspendingto Mr.Sandersarelikelytovote Ms.Sanders,whosaidMr.Bi- policyplans.Theyhaven’tyet supportforMr.Biden. whocalledtheformervice
fightclimatechange,buthis forthenominee,lawmakers denwasadoptingintohised- namedtask-forcemembers. “Ihavegreatconfidence president’spolicyrecord“of-
proposalsinbothareasaren’t andactivistssayMr.Biden ucationplatformpartsofher Severalliberaladvocacy thattheBidencampaignwill fensive”andsaidhe“patho-
assweepingasmanyliberals needstoboostenthusiasm andMr.Sanders’s2017bill groups,includingsomeal- beabroadcoalition,willhave logicallylied”aboutsomeof
prefer.Ms.Sanders,whoisn’t amonggroupsthattypically proposingfreecollegefor readyintalkswiththecam- peoplehavingaseatatthe itduringtheprimaryseason.
relatedtotheVermontsena- voteatlowrates,suchas familiesmakinglessthan paign,sentalettertoMr.Bi- table,”Mr.Khannasaid.“And Assuchsentimentssug-
torbutworkedonhis2016 youngpeople.Hewillalso $125,000ayear. denlastweekurginghimto IwillbedoingeverythingI gest“thereissomepercent-
bid,saidhermessagehas needtomotivatethemtovol- Morerecently,Ms.Jayapal adoptpolicypositionsinline cantosupportthevicepresi- ageofSandersvoterswho
beenthatMr.Biden’sideas unteeranddonatemoney. saidshehasn’treceivedfor- withMr.Sandersonissues dentinwhatevertheywant willnevervoteforBiden,
are“infactaboldplatform.” Anaidesaidthecampaign maloutreachfromthecam- suchashealthcare,climate metodo.” andDemocratshavetosim-
“Forthepeoplethatmight viewsoutreachtoDemocratic paign,thoughtheWashington changeandimmigration. —KenThomas plyacceptthatandmove
feelasthoughtheyareina groupsintwobuckets.Oneis statelawmakeriseagerto EvanWeber,politicaldirec- contributedtothisarticle. on,”Mr.Kesslersays.
THEWALLSTREETJOURNAL. Saturday/Sunday,April18-19,2020|A5
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A6|Saturday/Sunday,April18-19,2020 ******** THEWALLSTREETJOURNAL.
THE CORONAVIRUS PANDEMIC
Trump Turns Focus to Reopening Economy
Presidenthassought visers inside and outside the itofwithholdingvirusdatato mentclaims.Morethan22mil-
WhiteHouse. benefit China, which the lion Americans applied for
todeflectcriticismof
Those themes, discussed agencydenies.Andhehasre- jobless benefits in the past
hisadministration’s privately between the presi- peatedlyblamedhispredeces- month. The previous record
dent and his advisers, have sors for shortages in medical was2.7million,setin1982.
responsetothecrisis
played out in public during stockpiles.“Thecupboardwas Aides say that with social-
Mr.Trump’snewsconferences bare when I got here,” Mr. distancingguidelinesprohibit-
BYMICHAELC.BENDER accompanied by members of TrumpsaidMonday,although ing Mr. Trump from holding
ANDREBECCABALLHAUS the White House coronavirus heisnearly39monthsintohis campaign rallies in arenas
taskforce.OnThursdayhere- 48-monthterm. aroundthecountry,hehasin-
WASHINGTON—President leased guidelines on criteria Mr.Trump,whothroughout creasingly relied on his ex-
Trumpwarnedthenationtwo the government wants states his presidency has made a tendednewsconferencestore-
S
weeksagotoexpectthemost to meet before lifting eco- GE habitofcallingupoldassoci- leasepent-upenergy.
A
difficultperiodofthecorona- nomicrestrictions,leaningto- M atesandfriendsintheprivate Overlastweekend,advisers
I
vhiurnudsrcerdissisothfatthcoouulsdanindvsolvoef wpraorcdehedeasltlhowexlypedretss’paitdevipcreetso- G/GETTY sheacstorarmtopesdoluicpitththoesiercaadlvlsicien, sthaaidt,sMtart.eTgrouvmerpnowrass, manaxniyouosf
deaths. sureforaspeedierreturn. ON recentweeks.Oneadviserde- whomhavebeencoordinating
W
TheU.S.deathtollhascon- InrecentweeksMr.Trump scribed him as a “shopper of plans on lifting stay-at-home
X
tinued to rise since then, hasdirectedblameforthese- ALE advice”whoseeksoneopinion orders,wouldstealsomeofhis
reachingatotalofmorethan verity of the pandemic’s im- PresidentTrumpandVicePresidentMikePenceatabriefingThursday. and bounces it off somebody mediaspotlightwhenitcame
37,000, with record fatalities pact on factors including the else. toreopeningthecountry.
over a 24-hour period to media,Chinaandwhathehas Mr.Trump’steamhasintro- ersthattheadministrationwas In recent calls, Mr. Trump “You can’t dismiss the im-
Thursday. But stay-at-home described as governors’ and duced measures to boost the slow to respond to the pan- haseffusivelypraisedDeborah pactthesekindsofthingshave
measures and increased test- hispredecessors’lackofpre- economy that were also de- demicisn’taspotentifthereis Birx,theadministration’scor- onhim,”saidoneadviser.“He
ing across the country have paredness. signed to insulate him from astrongcounterargumentthat onaviruscoordinator,accord- hasenormousemotionalreac-
shown signs of slowing the In White House meetings political damage as much as noonewaswellprepared. ing to some people he has tions,andhisviewishehasto
pandemic’srapidspread. withofficials,adviserssay,Mr. possible. Advisers said that Mr. Trump has used his contacted. comeoutandfighteveryday,
Theeconomicdamagefrom Trumphasbeenbotheredover wasonepurposeofcreatinga news conferences to question Mr.Trump’sinnercircleno nottopersuadethemediaor
theshutdownhasmountedas howmuchblamehemightget business advisory council on China’s coronavirus data, longer views the economy as convince Democrats, but to
Americanscutretailspending for the administration’s slow reopeningtheeconomythatis which some epidemiologists thetopissueinhisre-election talk directly to conservative
byarecordamountinMarch early response to the crisis, composed of hundreds of and U.S. intelligence sources campaign.Thathasbeensup- media.”
andindustrialoutputdropped andponderedhowtoposition members from some of the alsosuspectthecountryofun- plantedbyhishandlingofthe Afterhisnewsconferences,
at its steepest rate in more himselfandtheadministration biggest companies in the der-reporting—somethingChi- crisisandgettingthecountry Mr.Trumpoftenretirestothe
than 70 years. Economists to receive as much credit as country. Another bipartisan neseauthoritiesdeny. backtowork,accordingtose- dining room off the Oval Of-
have signaled a recovery will possible in efforts to revive task force includes every Re- He has contrasted the per nior administration officials. fice.Ifhehasleftthebriefing
likelybeslow,andexecutives theeconomy. publicanintheSenateexcept capita caseloads in the U.S. Still, the president has pri- early,hedoesn’tusuallywatch
predict business operations He has asked White House MittRomneyofUtah,theonly withothercountries’toshow vatelyvoicedfrustrationabout theendbutchecksforupdates
won’t fully return to normal aides for economic response senatorofhispartywhovoted “we’redoingverywell.”Test- therapiddeflatingoftheeco- into the evening from Mark
untilavaccineisdeployed,es- plansthatwouldallowhimto toremoveMr.Trumpfromof- ing for the virus hasn’t been nomicboom—athemehealso Meadows, his chief of staff,
timatedatleastayearaway. takecreditforsuccesseswhile fice during his impeachment uniform across the U.S. or hasfrettedaboutpubliclydur- andMr.Kushner.
Asaresult,Mr.Trumpalso offering enough flexibility to trialthisyear. globally,whichaffectscaseto- ingthepasttwoweeks. Some advisers have urged
has focused on issues other assignfaultforanyfailuresto Thepresidenthasdiscussed tals and per capita infection Democrats,Mr.Trumpsaid thepresidenttocurtailhisap-
than the death toll during a others. “People have made political ramifications exten- rates.Confirmedinfectionsin April6,“shouldn’tbeallowed pearancesatthebriefings,say-
crucialtwoweeksofhispresi- cleartohimthat’sanimpossi- sivelywithtopadvisersinclud- theU.S.arethehighestinthe towin”November’spresiden- ing he should spend 15 to 20
dency:reopeningtheeconomy ble goal, just two completely ing Jared Kushner, his senior world,accordingtoJohnsHop- tialracejustbecausethecon- minutes at the lectern and
asquicklyasissafelypossible contradictorygoals,”saidone adviserandson-in-law,among kinsUniversitydata. tagionhasroutedthehistoric leavetheresttootherofficials.
andrespondingtocriticismof person in contact with the others. They have formed a The president has halted 10-year economic expansion “Youworrytoomuch,”Mr.
his administration’s handling president. “But I’m not sure consensus that criticism by U.S. funding to the World andreplaceditwithanunprec- Trumptoldoneadviserearlier
ofthecrisis,accordingtoad- he’sconvinced.” Democrats,themediaandoth- HealthOrganization,accusing edented surge in unemploy- thismonth.
President
Hopeful
Backs End
Signs in
Of Closures
Standoff
Over Loans
ContinuedfromPageOne
U.S.shouldliftstay-at-homere-
strictions.Mr.Trumpwastold
byseveralbusinessexecutives BYKRISTINAPETERSON
at the White House this past
week that before the public WASHINGTON—A standoff
wouldbeconfidentenoughto over replenishing a popular
engageineconomicactivity,his loan program for small busi-
administrationneededtodra- nessesshowedsignsofeasing
maticallyincreasetheavailabil- Friday, as a top Republican
ity of coronavirus testing, backedpairingitwithhospital
whichtheycalledinadequate. funding, one of the measures
Mr. Trump on Friday an- sought by Democrats in their
nouncedplanstoexpandnation- negotiationswithTreasurySec-
widetesting,statingatthedaily retaryStevenMnuchinoverthe
White House briefing that his nextroundofcoronavirusaid.
administrationwassending5.5 Reflectingashiftinthene-
milliontestingswabstostates gotiations, House Minority
inthecomingweeks.Governors, S Leader Kevin McCarthy (R.,
R
business executives and law- UTE Calif.)saidinaninterviewFri-
pmraekseidresnhtatvoeexapllancadllteedstionngtbhee- AKE/RE dnaayl wthitahtThheeWwaolluSldtreseutpJpoourrt-
forereopeningthecountry. BL combining hospital funding
KE
“We have to get even bet- MI withanadditional$250billion
ter,”Mr.Trumpsaidduringthe Afterbeingpostponedbecauseofthevirus,marriageserviceswereconductedoveratwo-wayradioinAnaheim,Calif.,onFriday. for the Paycheck Protection
Fridaybriefing,evenasheput Program,orPPP,asmall-busi-
Coronavirus
the onus on governors to tap broughtupMr.Trump’stweets Northam, responding to the edlysaidstatesshouldtakere- ness loan program aimed at
into what he characterized as andaccusedthepresidentofin- president’stweets,toldreport- Daily Update sponsibility for obtaining keeping workers employed
“a tremendous amount of un- citingdivisioninthemiddleof ersFridaythathewas“fighting crucialmedicalequipmentand thatexhausteditsinitial$350
used[testing]capacity.” aglobalpandemic,accordingto abiologicalwar.Idonothave coronavirus testing supplies, billionallocationonThursday.
“You’re going to call your apersonfamiliarwiththecall. timetoinvolvemyselfinTwit- Asof10:38p.m.EDTApril17 sayingthatthefederalgovern- “Hospitals need the help.
own shots,” Mr. Trump told Mr.Pencesaidtheadminis- terwars.” 701,475 mentisabackup. Hospitals are the modern-day
governorsonaThursdayafter- trationisworkingrespectfully Mr. Trump said during the Theprotestscameasare- soldiers,” Mr. McCarthy said.
noonvideoconference,accord- with governors, the person Fridaybriefingthatheisn’tad- cord-shattering 22 million “I’dliketoseemoneyinthere—
ingtoarecordingreviewedby said,andMr.Kaineresponded vocating that the states fully workers have sought unem- moneyinthePPPandmoneyin
TheWallStreetJournal. that the tweets weren’t re- lifttheirstay-at-homebans,but U.S.cases ployment benefits during a hospitals—thatwouldbeavery
During a Friday afternoon spectful. A spokeswoman for took issue with specific mea- 2,243,512 month of coronavirus-related smartmoverightnow.”
call between Vice President Mr. Pence didn’t respond to a suresthathesaidweretoore- shutdowns. Many employees BothDemocratsandRepub-
MikePenceandSenateDemo- requestforcomment. strictive. He didn’t specify and business owners have licanswanttoaddfundingto
crats,Sen.TimKaine(D.,Va.) Virginia Gov. Ralph which provisions he opposed, grown frustrated with forced the small-business program,
aside from raising concerns World-widecases shutdownsofbusinesses,espe- buthavebeensparringabout
abouttheSecondAmendment. 37,054 ciallythosethatdon’trequire the makeup of that aid and
Askedifhe’sconcernedthat largegatherings. whatelsetoincludeinthere-
Yard Cleanup is EASY with a
the protests could spread the In Texas, Republican Gov. sponsetothepandemic.
DR® Chipper Shredder! virus,Mr.Trumpsaid,“These Greg Abbott set the nation’s Democratswanttoexpand
are people expressing their U.S.deaths second-largeststateonapath accesstotheloansandinclude
views.Theyseemtobeveryre- 154,209 toreopening,sayingshopping, moremoneyforhospitals,food
CHIP... sponsiblepeopletome.They’ve hikingandsomemedicalpro- assistanceandstateandlocal
beentreatedalittlebitrough.” ceduresmightrestartassoon governments.Republicanshad
Earlierthisweek,protesters asnextweek. saidtheywanttokeepthebill
gathered at statehouses and World-widedeaths Storesclosedduetothepan- focused on increasing small-
governors’residencesinabid 59,452 demicwouldbeallowedtore- business aid and defer other
to amplify pressure on gover- openApril24onato-goorde- fundingdebatesuntilbroader
nors to ease stay-at-home or- livery basis, similar to legislationiscrafted.
ders.Thelargestrallysofar,in restaurants,soemployeescan This week, however, Mr.
Lansing,Mich.,drewmorethan U.S.recoveries runitemstocustomersatthe MnuchinandDemocratswere
…&SHRED!
3,000 people, many in cars to 569,506 front doors to the shops, at coalescingaroundaddingabout
2020 pbrrointgesttr.aTfhfiecptrootaessttawnadsstoilrlgian- thhoemiresc,aMrrw.iAnbdboowtstsoarida.t their $to75thbeilpliaocnkiangeh,oascpciotarldifnugndtionga
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AE93 vative Coalition, a group World-widerecoveries thanamonthnowwithstrate- Mr.McCarthy’scommentsin-
1 foundedbyapro-Trumpstate gies showing businesses have dicatedanewwillingnessamong
representative,andtheMichi- Source:JohnsHopkinsUniversityCenter beenabletoprovidefoodand somecongressionalRepublicans
forSystemsScienceandEngineering
ganFreedomFund,aconserva- othersuppliesandproductsby to openly support pairing the
tiveadvocacygroupwithback- deliverytocars,bydeliveryto small-businessaidwithmoney
ing from the DeVos family, toprotestbutthatparticipants homes,” Mr. Abbott said. “We forhospitals.
whichincludesMr.Trump’sed- shouldn’tputthemselvesoroth- canatthistimeconcludethat AtaFridaynewsbriefing,Mr.
CHIPbranchesupto5"indiameter.
ucationsecretary,BetsyDeVos. ersatrisk.“Itisdisappointing such businesses can be ex- Trumpsignaledhewasopento
SHREDyardandgardenwasteupto TheprotestinMichigantar- to see people congregating panded.” includingfundingforhospitals
1.5"thick.
getedDemocraticGov.Gretchen without masks, and without Texas has a relatively low inthenextstimuluspackage.
POWERFULENGINESspinmassive Whitmerforherstay-at-home practicing social distancing,” Covid-19 infection rate, with “Hospitals have been deci-
Towableand flywheelsandshreddinghammersto orders,whichprotestorganiz- she said in a statement. “This justover17,300peopletesting mated by this,” he said. “I’m
PTOmodelstoo! reduceeverythingFAST.
erssaidwasoverreach.Michi- kind of activity will put more positive in a population of 29 with that all the way. If they
GoOnlineorCallforFREEInfoKit! gan has imposed some of the people at risk, and it could million.Italsohasamongthe wanttoaddhospitals,wecould
FREE
SHIPPING DRchipper.com moststringentsocialdistancing meanthatmorepeoplewilldie.” lowesttestingratesinthena- alsoadditintophasefour,ifwe
6MONTH requirementsinthecountry. The president has toggled tion, leading some public- doaphasefour.”
TRIAL TOLL888-212-8564 Tiffany Brown, a spokes- between criticizing governors healthexpertstowarnthatthe Mr.Trumpalsocontinuedto
SomeLimitations FREE
Apply *AssembledintheUSAusingdomestic&foreignparts. woman for Ms. Whitmer, said andinsistinghehasgoodrela- virus’s spread in the state re- pushforapayrolltaxcutatthe
thegovernorsupportstheright tionswiththem.Hehasrepeat- mainsunclear. briefing.
THEWALLSTREETJOURNAL. Saturday/Sunday,April18-19,2020|A7
********
THE CORONAVIRUS PANDEMIC
Recovered Patients Test Positive
Trump Unveils
$19 Billion in Aid
BYDASLYOON
For U.S. Agriculture ANDTIMOTHYW.MARTIN
SEOUL—More than 160
SouthKoreanshavetestedposi-
BYANDREWRESTUCCIA thousandsofacresofvegeta- tiveasecondtimeforthecoro-
ANDJESSENEWMAN bles,dumpingmillionsofgal- navirus, a development that
lons of milk, and destroying suggeststhediseasemayhavea
WASHINGTON—President chicken-hatchingeggs. longershelflifethanexpected.
Trump announced a $19 bil- The agriculture secretary Many had volunteered for
lionreliefprogramfortheag- saidthedepartmentwasusing re-examinationafterexhibiting
riculture sector, which has funds set aside under the re- symptoms such as coughing.
beenhardhitbythecoronavi- cent coronavirus relief pack- Otherssubmittedtoextratest-
rus outbreak, turning to a age,aswellasmoneyfromthe ingonlittlemorethanahunch
playbook the administration department’s Commodity despitenotshowingsymptoms.
has used in its trade fight Credit Corporation program. So far, these patients—all of
withChina. HesaidtheCommodityCredit whomneededtotwicetestneg-
Theeffort,calledtheCoro- Corporation,aDepression-era ativebeforeleavingmedicalsu-
navirus Food Assistance Pro- programdesignedtostabilize pervision—haven’t spread the
gram, will include $16 billion farm incomes, would need to virustoothers,localhealthof- K
indirectpaymentstofarmers bereplenishedthissummer. ficialssay. STOC
amnadssrapnucrhcehrasseasndof$d3abiriyll,iomneaint theMceoautnptarcykihnagveplbaenctosmaecrhoosst toTShoeutinhitKiaolrbeealniefd,oacctcoorrsdidnig-UTTER
H
and produce that will be dis- spots for the virus, cutting rectlyinvolvedwithagovern- A/S
tributedthroughfoodbanks. production of chicken, beef ment review, is that the virus P/EP
TheU.S.DepartmentofAg- andporkandleavingfarmers has “reactivated” in the pa- HA
N
riculture “will do everything without a place to send their tients, meaning the disease O
Y
in our power to implement animalssetforslaughter. wentdormantandcameback. AmedicalworkerenteredaspecialwardforCovid-19patientsFridayinDaegu,SouthKorea.
thisprogramasquicklyandas Outbreaks at meat plants Theresearchremainsongoing
efficiently as possible,” Agri- have sparked growing worry and inconclusive. The Seoul Covid-19. The coronavirus ap- lowering the likelihood they tiessuchasnursinghomes,in-
culture Secretary Sonny Per- aboutthenation’sfoodsupply government’s report will take pearstocolonizeinthehuman crossed paths with the illness cludingrecoveredcoronavirus
duesaidduringaWhiteHouse within the Trump administra- at least a month to complete, bodyintwostages.Initially,the forasecondtime. patients.OnTuesday,localgov-
newsconferenceonFriday. tion, though Mr. Perdue has theysay. upper respiratory passages of South Korean doctors are ernments received guidelines
The coronavirus pandemic soughttoassureAmericansthat South Korea is closely thenoseandsinusareinfected. seeking more data to confi- fromSouthKorea’sCDCadvis-
has upended the U.S. food thenationhasenoughfood. watched as an early indicator Astheinfectionprogressesand dently determine that the pa- ingthatdischargedpatientsbe
supplychaininrecentweeks, Thepandemicthreatensto ofhowCovid-19lingersacross becomesmoresevere,thevirus tientshadtestedpositiveagain under quarantine for 14 days
slashing prices and demand unravelwhatwasshapingup apopulation,havingflattened spreadsintothelowerrespira- withthesamevirusandhaven’t whiletheirsymptomsaremon-
for agricultural commodities tobeabetteryearforfarmers itscurveofnewinfectionsand torytractandthelungs,where infectedothers.Buthealthoffi- itored.
asrestaurantsandschoolssit afterlowpricesandtradedis- nowcontemplatinganunwind- itmaylingerandbecomemore cialshaverefrainedfromlabel- Thecountry’snumberofpa-
closed, and disrupting food putesconspiredtopushsome ing of social-distancing mea- difficult to detect by testing ingthemas“reinfections.” tientstestingpositiveagainfor
deliveries to grocery stores. farms out of business in re- sures.Theresultsshowingpeo- kitsusedworld-wide. For weeks, South Korea, coronavirusnearlydoubledthis
Somefarmersandfoodcom- centyears. ple testing positive a second Prior coronavirus strains, with10,635confirmedcasesas weekto162.Thefirstcasewas
panieshaveceasedorslowed Thereliefprogramfollows timecouldsignalaworrisome suchasMERSandSARS,didn’t of Friday, was the most hard- a73-year-oldwomanwhohad
productionassalestorestau- aseparateaidprogramrolled potentialforthevirustolinger havesignificantcasesofreacti- hit country other than China. been discharged on Feb. 22.
rants and other providers out by USDA in recent years thatcouldaffecthealthpolicy. vationorreinfection,dissipat- But it slowed infections Shecalledthehealthclinicfive
evaporate. that directed $28 billion to “Itmaybethatyouhaveto ingquicklyafterthefirsttime days later, reporting minor
Stuckwithhugequantities farmersandotherstohelpoff- testtheserecoveredpeopleev- a person gets ill, said Deenan symptoms.Thepatienthadre-
of food they can’t sell, U.S. set losses from the recent erymonthforsymptomsorvi- Pillay, a virology professor at SouthKorean mained home after being re-
producers are plowing under tradewarwithChina. ruses,”saidMaryGuinan,afor- UniversityCollegeLondon. leased.Shehadn’tcomeincon-
doctorsbelievethe
merchiefscientificadviserto SouthKoreanhealthofficials tact with anyone else during
the U.S. Centers for Disease and advisers, based on their viruswentdormant thefivedaysandremainedat
Control and Prevention direc- initial review of the results, homealone,accordingtohealth
andcameback.
S tor.“Maybeitcomesandgoes. don’tsuspectinaccuratetesting authorities. She was hospital-
AGE Wedon’tknow.” tobeaculprit.Test-kitmakers izedaftertestingpositiveonce
M
I Thedevelopmentcouldadd andlaboratoriessaySouthKo- againonFeb.28.
Y
RESSE/GETT etItexstratialnspgorserusaspiuspreleysoatnnhdgeoavsvetaarinklamebseilnifttoysr.’ rtoeatT’shhekeictWsorohoranlvdaevHaire9ua5slt%.hsOerngsaitnivizitay- tghrreosusgivhewcidoenstparcetadtrtaecsitningg,aangd- hagaedT,hbweehepinacthwieenhate’ksaelitnmhemdoufdfniuceeiastylsostboemeld-
NCE-P tahgoasineswthtohfealdliilsle,aassethmeiarybaltatslet twioitnh, wSehoicuhl ohfafsicbiaeles,naicnkntoouwclh- cdiotoizresn.sItvsolnuanttiaornilaylslteagyisinlagtiivne- lpieovsieticvoentrriebsuutletdtboecthauesseecosnhde
A
FR much longer than previously edgedthisweekthatnotallre- election this week drew the didn’tdevelopenoughantibod-
NCE imagined.China,JapanandIn- covered patients appear to highestturnoutsince1992. ies.
AGE diahavealsoreportedcasesof havetheantibodiestostaveoff Until this week, the Seoul “It’sclearthatwedon’tfully
HSLER/ rtievceovaegraeidn.patientstestingposi- asTechoencdasinefseoccticounr.redanaver- gpoovliecrynrmeqeunitrinhgaddisncohanragteidonvai-l uhnavdeerismtamnudniwtyhaatgaiitnmstetahnissvtio-
DRE Medical experts are still ageof13.5daysafterpatients ruspatientsgetretestedafter rus,” said Keiji Fukuda, a for-
A
N strugglingtounderstandmany weredischarged,accordingto leaving a medical facility. But merWHOofficialwhoworked
A
ARI aspectsofthenewcoronavirus SouthKorea’sCentersforDis- recently,localgovernmentoffi- on other recent major out-
ThepandemichasupendedtheU.S.foodsupplychain. and the disease it causes, ease Control and Prevention, cials have tested entire facili- breaks.
White House Seeks to Reduce Pay for Farmworkers
BYMICHELLEHACKMAN tivelycuttheminimumwage AmericanFarmBureauFedera- hasslashedpricesanddemand ingofguest-workervisas.
ANDJESSENEWMAN for migrant farmworkers to tion,anindustrytradegroup. WageGrowth for many agricultural goods, Alliesoftheagriculturein-
$8.34anhour,15%abovethe Labor activists and advo- UnderThreat prompting produce farms to dustry in Washington—both
WASHINGTON—TheTrump federal minimum wage. That cates for tighter restrictions plowunderthousandsofacres Republicans and Democrats—
Migrantfarmworkers'average
administrationistakingsteps would amount to a cut of onimmigrationcriticizedthe ofvegetablesanddairyfarms havelongsoughttoreformthe
effectiveminimumwagehas
to reduce costs and restric- around$2to$5anhourfrom plan, saying it will hurt mi- todumpmillionsofgallonsof H-2Aprogram,whichtheysay
risensince2014.ATrump
tions on farmers looking to currentwagerates,whichvary grantsandincentivizefarmers milk.Farmersareawaitingde- iscumbersomeforfarmers.
administrationplanwould
hire migrant workers during by state. States with higher tohiremoreofthem,depress- tails of federal aid due to be Theprogramrequiresfarm-
changethatto$8.34anhour.
thecoronaviruspandemic,in- minimum wages wouldn’t be ingwagesforAmericanwork- dispensedunderthe$2trillion ers to house migrant workers
cluding lowering their mini- subjecttothenewrate. ers.Currently,aboutonein10 Hourlypay stimulus package, which di- andpayfortheirtransportto
mumwages,accordingtopeo- “PresidentTrumpandSecre- U.S. farmworkers is on an $15.00 rectsmorethan$23billionto and from the U.S.—costs the
plefamiliarwiththeplans. tary Perdue are doing every- H-2Avisa;halfareimmigrants theagricultureindustry. FarmBureauestimatesatabout
Thepushisdrivenbynew thing to ensure farmers have who live in the U.S. illegally, 12.50 Fear of the virus already $10,000permigrant.Employers
White House chief of staff thetoolstocarryoutthevital LaborDepartmentdatashow. has created labor issues, mustalsopayaminimumwage
10.00
Mark Meadows and Agricul- workoffeedingtheAmerican “The agriculture industry prompting some migrants to based on a survey of what
tureSecretarySonnyPerdue, people,”anAgricultureDepart- has seemingly convinced the 7.50 returnhomebeforetheircon- farmworkers in the region
these people said, and many ment representative said. The Trumpadministrationthatwe tracts end and others to opt madeintheprecedingyearto
agriculturalemployerssupport WhiteHousedidn’trespondto need cheap foreign labor to 5.00 nottotraveltotheU.S.atall. ensure they don’t undercut
lower wages. Mr. Perdue has requests for comment. A per- saveourfoodsupplychain.This Toassistfarmers,theAgri- Americanworkers’wages.
2.50
long championed easing re- sonclosetoMr.Meadowssaid isnonsense—tensofmillionsof culture Department and the Farmers have long com-
quirements on seasonal agri- hewasn’tinvolvedinpushing unemployed Americans are 0 Department of Homeland Se- plained that the wage rate,
cultural guest-worker visas, thewagechange. heretohelp,”saidRJHauman, 2014’15 ’16 ’17 ’18 ’19 ’20 curityWednesdayannounced whichhasgrownfasterthanin-
known as H-2A, and the ad- “Askingfarmerstopayarti- government-relations director temporaryrulesmakingiteas- flationthepastfewyears,isun-
Source:LaborDepartment
ministration’s pandemic re- ficially high wages at a time attheFederationofAmerican iertohiremigrantworkersal- stableandshouldbelowered.
sponse has accelerated some when their own income has ImmigrationReform. workersoftenabandonthejob ready in the U.S. working at BruceGoldstein,presidentof
ofthesechanges. largely evaporated due to the Farmownershavesaidhir- afterafewdaysduringharvest. different farms, if their visas Farmworker Justice, said the
Thewagechange,whichthe Covid-19pandemicisnotright,” ingU.S.-bornworkersisn’tavi- Thedebatecomesasfarm- were set to expire. That fol- cutswouldslashhourlywages
administrationhasn’tyetfor- said Paul Schlegel, vice presi- ableoptionbecausetheworkis ersstruggletowithstandthe lowed an announcement last by$3.91inNorthCarolinaand
mally proposed, would effec- dent of public affairs at the skilled and strenuous. These impactofthepandemic,which month speeding the process- $2.79inGeorgiafrom2019.
She Babysits the Internet to Keep AT&T Users Productive
Asthenew agesandimpairmentsthat used,shesaid.Homeusage, monitorsinherhomeoffice.
coronavirus slowdownorinterruptin- previouslymoreconfinedto Earlierthisweek,herdis-
forcesbig ternetconnections. morningsandevenings,is playswerefullofwindows
changesin Shetypicallymonitors nownear-constantthrough- showingreal-timestatusup-
howwe broadbandbywayofabouta outtheday.Parentsare datesoninternetusage,
work,TheWallStreetJournal dozenscreensinhersatellite plugginginforwork,chil- mapschartingoutagesand
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toworkfromhome,Amanda happenedandwhomtocall MIC mandcenterallowsMs.Gra- usuallyfixedonofficebuild-
Grahamisoneofthoseun- tofixit—eveniftheworldis AmandaGraham,a20-yearAT&Temployee,atherTexashome. hamtospendmoretime ings,shoppingmalls,factory
sungheroeskeepingyou inturmoil. withthreechildrenwhoare clusters,hospitalsor
productiveduringthecoro- “Weusedtopreparefor nearcommandcentersand Workingfromtheoffice, homeandherfiancé—but schools.Now,withCovid-19
naviruspandemic. hurricanesandearthquakes,” satelliteofficesaroundthe shewasabletogetabroad doingthatpresentschal- forcingalargechunkofpeo-
Ms.Graham,a20-year shesaidfromherhomein world. viewofinternet-connection lenges.Ms.Grahamknows pleintovirtualoffices,sheis
employeewithAT&TInc., Arlington,Texas.“I’dnever “Thebigphraseeveryone datafromaroundtheglobe workhours“belongto morefocusedonneighbor-
babysitstheinternetfrom heardofpreparingforapan- isusingrightnowis‘alone withjustaglance.Shenow AT&T.” hoods,subdivisionsand
thecompany’sGlobalTech- demic,buthereweare.” together,’’’shesaid,refer- needstodividetheglobe Herremotesetuprequires apartmentcomplexes.
nologyOperationsCenter ThepandemichasMs. ringtohercolleaguesbeing intomanageablepieces. hertosqueezeasmuchin- Thecoronaviruspandemic
satelliteofficeinIrving, Grahamandcolleagues tightlyconnectedduring AT&Thasseenamajor formationfromthoseopera- “expandsmyuniverse,”Ms.
Texas.Sheislookingforout- workingfromtheirhomes theirisolation. shiftinwheretheinternetis tions-centerscreensonto Grahamsaid.
A8|Saturday/Sunday,April18-19,2020 **** THEWALLSTREETJOURNAL.
THE CORONAVIRUS PANDEMIC
Pandemic Ravages China’s Economy
Endingdecadesof national Monetary Fund’s BroadImpact March—afterarecord6.2%in
Chinadivision.“Thereislittle February.
gains,GDPshrank KeyChineseeconomicindicatorscontinuetopaintadismalpicture,despiteaslightrebound
prospectofChinadrivingare- ThoughofficialssaidFriday
6.8%year-over-yearin vivalofglobalgrowth.” Changefromayearearlierin: that China hasn’t suffered
thefirstthreemonths AftershutteringWuhanand 100% 100% 200% large-scalelayoffsdespitethe
enforcingaroughlytwo-month pandemic, economists esti-
nationwideshutdownofallbut Fixed-asset Retailsales Residential-property mate as many as 80 million
BYJONATHANCHENG themostessentialcommercial investment sales peoplehavelosttheirjobsor
activity, China has largely re- not been able to return to
BEIJING—SincetheCultural turnedtowork.Thatcouldbe workinthepastthreemonths,
50 50 100
Revolution ended in the seenmostclearlyinthemanu- inaworking-agepopulationof
mid-1970s, China’s economy, facturingsector,whereofficial roughly900million.
fueledbymarketreforms,has data released Friday showed Larry Hu, an economist at
notchedupmorethanfourde- industrial production down MacquarieGroup,saidheex-
cades of unbroken gains, en- just 1.1% in March compared pectsjoblessnesstorisebyan
largingthedomesticeconomy with last year. Other metrics, 0 0 0 additional 10 million in the
byroughlyahundredfoldand suchasdailypowerproduction comingmonthsunlessBeijing
transformingtheworld. andcoalconsumption,havere- enactsamajorstimulus.China
1Q March
Thatwinningstreakisover. gainedallormostoflastyear’s isalsofacingthelargestgrad-
-16.1% -15.8% 1Q
China on Friday reported a levels.ButChina’smanufactur- -22.8% uatingcollegeclassinnearlya
6.8% year-over-year contrac- ingrecoveryhasarrivedjustas decade, with nine million
–50 –50 –100
tion in its economy for the many of its most important white-collarworkersentering
1992 2000 ’10 ’20 1992 2000 ’10 ’20 1992 2000 ’10 ’20
first three months of the customers in the West went one of the most challenging
year—the first quarterly de- intolockdownmode. Source:NationalBureauofStatisticsviaWind jobmarketsinrecentmemory.
clineingrossdomesticprod- Allen Luo, an exporter of The job challenges are
uctsinceofficialrecord-keep- floortilesinsouthernGuang- tics and customs regulations. and February—a blow to do- new cases of coronavirus squeezingspendingbyChina’s
ing began in 1992 and likely dongprovince,saidhewasn’t Meanwhile,liquidityisbecom- mestic consumption—was transmissionwithinChina. urban residents. In the first
the first since Mao Zedong’s tooaffectedbytheinitialdo- ingaseriousissue. largelymanageable,LianPing, WhileChinahasshiftedfo- quarter, China reported its
deathin1976,economistssaid. mestic shutdown, but the No one knows how long it chief economist at Zhixin In- cusinrecentyearstowarddo- first year-over-year drop in
The fall was even steeper globalspreadofthecoronavi- will be before consumers in vestment Research Institute, mestic consumption, which disposable income since the
compared with the previous rus“isadeathblowtous.” the West are ready to spend said the impact from falling now accounts for more than government began to release
quarter:a9.8%pullbackasthe Mr.Luosawtheorderbook again—andwhethertheywill globaldemandcouldprovefar half of the economy, Chinese the data in 2002, when ad-
coronavirusthatfirstemerged athiscompany,FoshanHomey spendinthesameway. morepainful.“Afterall,China consumersalsofaceformidable justedforinflation.
in the Chinese city of Wuhan Ceramics Co., start to shrink U.S.retailsalesdroppedbya istheworld’sbiggestexporter, challenges.OnFriday,Chinare- Tosustaintherebound,some
spread aroundtheworld,de- inmid-March,ascustomersin record8.7%inMarchfromthe the‘world’sfactory,’”hesaid. ported a 16% nosedive in do- economists have called for a
liveringaneconomicblowun- North America, Africa and previous month, the biggest “There is little hope that mestic retail sales in March majorstimuluspackage,akinto
precedentedinmoderntimes. Southeast Asia canceled pur- declinesincerecordsbeganin the Chinese economy could fromayearearlier,comingon thelarge-scalemeasuresChina
“The scale and breadth of chases.Inall,hesays,helost 1992.Someofthelargestdrops see a rapid recovery in the theheelsofa20.5%tumblein has taken during past down-
China’seconomiccontraction 70%ofhisoverseasorders. came in discretionary pur- coming months,” said Hao theprevioustwomonths. turns.Sofar,however,Beijing
are staggering,” said Eswar His remaining shipments chases that have undergirded Zhou, an economist at Com- Joblessnesshasemergedas largely has taken a hands-off
Prasad, an economics profes- have seen delivery times China’sexportersforyears. merzbank, pointing to the an additional worry, soaring approach,limitingitselftomod-
sor at Cornell University and pushedbacktoJulyorAugust While the first hit to global economic slowdown from a narrow range around erate steps boosting liquidity
theformerheadoftheInter- amiduncertaintyaboutlogis- China’s economy in January and the recent emergence of 5.0%inrecentyearsto5.9%in andloweringborrowingcosts.
WORLDWATCH
Wuhan
Toll Surges NORTHKOREA
U.N. Report Alleges
By 50% Hacking, Smuggling
NorthKoreahasdeveloped
increasinglysophisticatedhack-
ContinuedfromPageOne ingcapabilitiesthathaveen-
thetotaldeathtollinChinato abledittostealfromfinancial
4,632. institutionsandcryptocurrency
SomeWuhanresidentswel- exchangesandevadeinterna-
comedtherevision,whileoth- tionalsanctions,accordingtoa
ers expressed continuing newUnitedNationsreport.
doubtsabouttheofficialcount, Preparedbyapanelofinter-
aswellasfearsaboutanother nationalexperts,thereport
outbreakfollowingtheeasing blamesNorthKoreaforabroad
ofa76-daylockdownApril8. rangeofsanctions-bustingef-
“You can’t not believe it— fortsthroughearlyFebruary,us-
but you can’t entirely believe ingphotos,mapsandotherin-
it,” said Fang Caihong, a 41- formationprovidedbyU.N.
year-oldvolunteeratWuhan’s memberstodocumentPyong-
Xiehehospital. GES yang’seffortsto“flout”Security
She said she thought theMA Councilrestrictionsandobtain
number had been revised be-YI hundredsofmillionsofdollars.
cause of pressure from theGETT Thereportsupportsaview
centralgovernmentonlocalof- AwomanattendedatributeearlierthismonthinWuhan,China,tothosewhodiedinthecoronaviruscrisisinthecity. amongsecurityexpertsthat
ficialsreluctanttotakerespon- NorthKorea’shackingoperations
sibilityforthedeathofWuhan Itwasunclearfromtheno- because hospitals were over- thoritieshadadded1,454pre- skin-caresaleswoman,saidshe canbesolucrativeforthecash-
residents they oversaw. Still, tice if those who died with whelmed.Shesaidshethought viouslyunrecordeddeathsbut hadn’t yet heard the news hungryregimeastofrustrate
she said: “The real death toll Covid-19symptomsbutwithout Chinese authorities had re- subtracted 164 that were about the death toll revision, effortstostepupthepressure
shouldbeevenhigher.” positive test results had been visedthenumberinresponse counted more than once, the butremainsfearfulthatthevi- onPyongyangtoabandonits
Wang Rui, a 24-year-old includedinthenewdeathtoll. tocriticismfromtheU.S.and local official was quoted by rus is still spreading in the nuclear-weaponsprogram.
teacher,saidhehadbeenskep- Some Wuhan residents otherinternationalpressure. Xinhuaassaying. city. “Wuhan is still danger- NorthKoreanofficialsatthe
tical about the government’s whose relatives died in those Anotherperson,whoserela- The number of confirmed ous,”shesaid. country’sU.N.officecouldn’tbe
previous death toll and was circumstancessaidtheydon’t tivediedofuntreatable“severe casesinthecityalsoincreased The notice from Wuhan’s reachedtocomment.
glad it had revised the num- believe the new death toll is pneumonia” in January, told by325to50,333afterthere- health authorities attributed —MichaelR.Gordon
bers.“Itshowsthey’rewilling complete,becausenoofficials TheWallStreetJournalonFri- view, according to the notice theincreaseinthedeathtollto
tokeepgettingtothebottom hadapproachedthemtocheck. daythattheirfamilyhadtried fromWuhan’shealthauthori- severalfactors. RUSSIA
ofthis,”hesaid. Among them was Wang invaintogetthecitytorela- ties. It said they added 542 “Thesurgeofpatientsinthe
Pompeo and Lavrov
China’s National Health Wenjun,whose62-year-oldun- belthecase,anddidn’tbelieve casesandsubtracted217oth- epidemic’searlystagecauseda
Commissiondidn’trespondto clediedinamakeshiftquaran- ithadbeenincludedinthenew ers that were counted more shortageofmedicalresources Discuss Arms Treaty
a request for comment. At a tinecenteronJan.31,adayaf- count. thanoncebecausetheyvisited andseriouslyinadequatetreat-
newsconferenceinWuhanon ter being taken there with Athirdperson,whoserela- multiplehospitals. mentcapacity,”itsaid.“Some U.S.SecretaryofStateMike
Thursday,aseniorcommission virussymptoms,butwasnever tivediedinahospitalinJanu- Wuhanhasn’treportedanew patientsdidnotenterhospitals PompeoandRussianForeign
officialdeniedthatChineseau- tested or officially confirmed aryafterbeingputonaventi- confirmed case—defined as anddiedathome.” MinisterSergeiLavrovdiscussed
thoritieshadundercountedin- tohavediedofthedisease. latorbutwasneverconfirmed thosewhotestpositiveandhave During the peak period, armscontrolandotherissues
fectionsordeaths.“Allourin- “There must be more than asaCovid-19case,questioned symptoms—sinceitslockdown when hospitals were over- FridayasMoscowhassignaled
formation is open and that”whodied,Ms.Wangsaid why Chinese authorities had wasrelaxed,butithasreported whelmed, some deaths were readinesstoincludesomeofits
transparent,”saidJiaoYahui, in an interview. She said the yettoproducealistofthevic- dozensofasymptomaticcases, missed,reportedlateordouble latestnuclearweaponsinthe
deputy chief of the commis- deathtollalsoshouldinclude tims’names. raising fears about a potential counted,itsaid. lastremainingarms-controlpact
sion’s medical administration thosewhodidn’thavethevi- Followingtherevisionofits secondwaveofinfections. —QianweiZhang betweenthetwocountriesif
andsupervisiondepartment. rus but died of other causes figures, Wuhan’s health au- Wei Yimei, a 19-year-old contributedtothisarticle. WashingtonacceptstheKrem-
lin’soffertoextendit.
TheStateDepartmentsaid
As Africa Groans Under Debt, It’s Wary of Beijing thetwodiscussedthenext
stepsinthebilateralstrategic
securitydialogue.Mr.Pompeo
emphasizedthatanyfuture
JOHANNESBURG—With Af- coordinated international ChineseloanstoAfrica domesticproduct. anceofsovereignbonds.Afri- arms-controltalksmustbe
rica’s most poverty-stricken debt-reliefprogramforAfrica. Beijingappearssensitiveto can governments have raised basedonPresidentTrump’svi-
$30billion
economiespushingfordebtre- But some African govern- concerns that more govern- morethan$55billionondebt sionforatrilateralarms-control
lief as they struggle with the mentsalreadybilaterallypeti- ments can’t afford its loans. marketsinthepasttwoyears agreementthatincludesChina,
falloutfromtheglobalcoronavi- tioning China for relief say “Chinaneverpressescountries alone,accordingtoReuters. theStateDepartmentsaid.
25
ruspandemic,atussleisbrew- Chineseenvoysarecitingpro- in difficulties for debt pay- China’s ballooning loans to RussianPresidentVladimir
ingbetweendevelopednations, visions in loan agreements ment,”ChineseForeignMinis- African governments reflect Putinhasofferedtoextendthe
privateinvestorsandtheconti- thatwouldtransfercollateral, tryspokesmanZhaoLijiantold howforeignpolicyunderPresi- NewStartarms-controltreaty
20
nent’slargestcreditor:China. in some cases strategic state anewsconferenceonApril6. dent Xi Jinping has featured thatexpiresinFebruary.Mos-
assets,intoBeijing’shands. “We resolve issues like this lendingaroundthedeveloping cowhasdescribedthegoalof
ByJoeParkinson, Officials in Zambia, for ex- throughbilateralconsultation.” world.Evenbeforethecorona- includingChinaasunrealistic
15
JamesT.Areddy ample,sayBeijingisdemanding Anestimated$143billionof viruscrisis,muchofthatdebt givenBeijing’sreluctancetodis-
andNicholasBariyo collateralinexchangefordebt AfricandebttoChineselend- looked too heavy for some of cussanydealthatwouldreduce
deferralorforgiveness.Twose- ers has been racked up over Beijing’s client governments itsmuchsmallernucleararsenal.
10
Wealthycountriesfromthe niorZambianofficialsonagov- twodecadesofrecordlending, anditappearedstungbyrising —AssociatedPress
U.S. to Japan—watching their ernmentpanelnegotiatingwith according to Johns Hopkins globalcriticismofitsstrategies.
owneconomieslurchtowardre- Chinasaidtheyareconsidering 5 School of Advanced Interna- A2019InternationalMone- UKRAINE
cession—areloathtoforgiveAf- givingtheChinesecopper-min- tional Studies. Much of that tary Fund report said about
Chernobyl Wildfires
rican debt if they think the ingassetsincludingthecoun- hasfinancedlarge-scaleinfra- 40%ofthecontinent’slow-in-
money will indirectly support try’s third-largest mine, Mo- 0 structureprojectsfromlight- come nations are in debt dis- Pollute Kyiv’s Air
Chinesecreditors,includingthe pani,ownedbyGlencorePLC, railwaysystemsinEthiopiato tress. A recent Harvard Busi-
2000 ’05 ’10 ’15
government,banksandcontrac- inexchangefordebtrelief. airportsinZambia. ness Review study suggested Smokefromwildfiresinthe
tors.Atthesametime,Beijingis How this plays out will be Source:ChinaAfricaResearchInitiative PreciselyhowmuchAfrican 50%ofChina’sloanstodevelop- contaminatedevacuationzone
worriedaboutsettingaprece- closely watched by dozens of economiesowetoChinaisn’t ingcountriesgoesunreported. aroundthewreckedChernobyl
dentforwidespreadforgiveness. developingcountriesthathave builtportin2018,thegovern- known because Beijing is se- Now,thepandemic-induced nuclear-powerplanthasen-
Toheadoffaloomingcrisis, borrowedbillionsfromChinese ment granted a state-run cretiveaboutthetermsofits economicshockisallbutwip- gulfedKyiv,placingtheUkrainian
theGroupof20nations,which lenderstobuildinfrastructure. China-basedshippinggroupa programs and publishes few ingoutgovernments’abilityto capitalnearthetopoftheglobal
includesChina,agreedtosus- The Trump administration 99-year lease on the facility. detailsonitslending. repay.“ThismaymeanthatAf- air-pollutionindex.
pendcollectionongovernment repeatedlyhaswarnedAfrican Chinese port operators last It is a burden that has be- ricancountrieswillstruggleto TheauthoritiessaidFriday
debt this year for more than nations that Chinese lending yeartightenedtheirgripover comeincreasinglycomplexin service their debt, not only thatradiationlevelsinKyivhave
75oftheworld’spoorestcoun- could result in them losing a strategic naval port in the recentyearsasbilateralloans owedtoChinabuttoallcredi- remainednormal,buttheyad-
tries.AndChina’sForeignMin- controlofstrategicassets. East African nation of Dji- from Western governments tors,” said Linda Calabrese, a visedresidentstostayhome
istrysaidMondayitiswilling WhenSriLankawasunable bouti,wheredebttoChinais have been subsumed by Chi- researcher with Overseas De- andclosetheirwindows.
to study the possibility of a torepayaloanforaChinese- equaltonearly100%ofgross neselendingandrecordissu- velopmentInstitutethinktank. —AssociatedPress
THEWALLSTREETJOURNAL. Saturday/Sunday,April18-19,2020|A9
****
THE CORONAVIRUS PANDEMIC
A New Use
the Solidarity uprising, when tilleryonFlorida’spanhandle “I’mtellingyou,thisislike Whenthetwofoundoutthe now various producers make
thegovernmentdeclaredmar- intohandsanitizerbyupping magic. The best. Better than store sold the even-more-po- theirownbrandsofspirytus,
For Potent tial law and rationed liquor thealcoholcontentofhisspir- any aspirin, anything else,” tentspirytus,Ms.Walter-Car- oftenwithgreen-and-whitela-
alongwitheverythingelse. its and following a World said Mr. Chalimoniuk, a for- dinal and her friend grabbed beling that mimics the origi-
For a fluid to work as a HealthOrganizationrecipe. mer blues drummer who fivebottlesfor$19.99each. nal.
Liquor hand sanitizer it needs to be “Get the booze strong playedinNewYorkforyears. “It’s the alcohol that goes Today,Polmos,theWarsaw-
atleast60%alcohol,according enoughsoitcatcheson When another cus- the furthest,” she said. They based producer of Spirytus
to guidelines from the U.S. fire,itkillseverything,” tomercamebytograba useditasamixerwhileobey- Rektyfikowany,issprintingto
Centers for Disease Control Mr. Barnes said. Sales bottleofSpirytusRekty- ingpandemicstay-at-homeor- meet demand. Everything
andPrevention.Alargebottle of hand sanitizer now fikowany for making dersandtappedonebottlefor from getting cartons and la-
ContinuedfromPageOne of spirytus, typically mixed outpace his rum sales, nalewka, she and Mr. useasadisinfectant. belstofindingcontainerships
afruityliqueurcallednalewka, with aloe to keep skin from prompting Mr. Barnes Chalimoniukreminisced InGreenpoint,Dunne’sPo- for export has gotten harder,
a mix of spirytus and berries drying out, easily gets you tostartworkby3a.m. aboutwhatitwasliketo lemost Liquors was bustling said Izabella Gazda, head of
steepedinsugarandaged. there. Most other liquors are tomeetdemand. live under communism. with customers on a recent sales, import and export for
Thesanitizerrecipeiseven only40%to60%alcohol. Polish lore has it “My mom always Friday afternoon. In March, Polmos.
simpler:Ms.Ogórkiewiczjust Making one’s own hand that spirytus can cure from nothing made thestoresold1,200bottlesof “No one could have pre-
mixedthreepartsspirytusto sanitizerisn’teasy.TheFood anything. Feel a cold something,” Mr. Chali- spirytusintwoweeks. dictedsuchdemand,”saidMs.
onepartaloegelandaddeda andDrugAdministrationrec- coming? Have some moniuksaid. “That’s above average—a Gazda, who added that she
bitoflavender.Shewasdone ommends against it, saying spirytus. Sore throat? HelenWalter-Cardinal lotaboveaverage,”saidPeter wassadthecausewasapan-
in seconds and shared her thesanitizercanbeineffective Samecure. and her boyfriend re- Radziwon,the manager.Heis demic.
recipeonFacebook. ifnotmaderight. LeszekChalimoniuk, cently stocked up on down to selling only 200 ml To meet demand, liquor
DuringPoland’sCommunist Drinkingspirytusundiluted 66, recently passed Spirytus Rektyfikowany flasksandcallingdistributors stores are also stocking the
era, Spirytus Rektyfikowany takescourage.Oneonlinere- along that advice at a at a liquor store near togetmore. other brands, such as Bak’s
camefromastate-ownedmo- viewdescribeditas“deathin liquor store in New Lookout! NewYorkUniversityaf- Thepreferredbrandamong SpirytusorSpirytusZbigniew.
nopoly. It was highly sought- abottlewithahellishburning York’s heavily Polish ter failing to find Ever- manyPolesisSpirytusRekty- ThatleftMr.Chalimoniuk,the
afterbecausebesidesnalewka, aftertaste.” Labels on some Greenpoint neighborhood in clearatastoreclosetotheir fikowany,the“rectifiedspirit” former blues drummer, hold-
it could be diluted for home- bottleswarnthatitisflamma- Brooklyn.TheWrocławnative home. Everclear is America’s popularized under Poland’s ing two different bottles and
madevodka,whichistypically ble. said when he feels as if he is answertoPoland’sSpirytus.It Communist-eraboozemonop- wondering if he was getting
40%alcoholbyvolume. Master distiller Aaron catchingacold,heboilssome clocks in at 95% alcohol by oly.Themonopolywasbroken thesamething.
This made spirytus a hot Barnesisturningtherumpro- hot tea and spikes it with volumeandisalsoinhighde- upandprivatizedafterthefall “I’m getting two because
commodity, especially during ducedathisTimberCreekDis- spirytus. mand. of communism in 1989, and thenIcancompare,”hesaid.
This Town
Timberlakebeganworkingas
acashierattheAhoskiestore
Has One four years ago. Mrs. Timber-
lake quit when they started
dating, and they got married
Grocery fivemonthslater.
The few times in the past
month when they had a free
moment,they’vesatonoppo-
sitesidesoftheirgazeboand
ContinuedfromPageOne talked. “It’s the small things
thatisallhecanget.Heapol- you miss, just holding his
ogized to a customer looking hand,” said Mrs. Timberlake,
forthegenericbrandthattyp- 39. “I understand it, but it
ically sells for half that. “I’d sucks.”
give it to you if I could,” he Mr. Timberlake keeps his
said. Facebookfollowersup-to-date
He sent his son Kendall, a on the store’s twice-a-week
17-year-oldhigh-schoolsenior, deliveries. “Let’s be adult
to pick up a load of produce about the bread,” he wrote
60 miles away. His son re- when less came in than ex-
turnedwiththefamilypickup pected.Or,afterashipmentof
truck filled from cab to pas- paper goods, “I told you last
senger seat, vegetables spill- night you might be able to
ingintohislap. wipetoday!”
AnysneezemakesMr.Tim- He used Facebook it to
berlakeflinch.Heworriesthat squelcharumorthatsomeone
ifoneofhisworkersgotsick inhisstorehadthevirus.Ev-
hewouldhavetoasktherest eryone is healthy, and he
ofhisemployeestoself-quar- wouldmakeanannouncement
antine for two weeks. If that if that changed, he wrote:
happened, food would spoil, “Know what you’re talking
andbillswouldgounpaid. aboutwhenyousayit!!!!!!!!”
“Why do you think I don’t Gov. Roy Cooper gave an
sleep?” he said. “It would be executiveorderonretailoper-
devastating, not only to me ations this week that require
andmybusiness,butmycus- FrankTimberlakelaughswitha facemasksforemployees,in-
tomers.” customerwhilestockinggoods creased sanitation measures
His store is located in a athisRichSquareMarketin and limits on the number of
low-lying rural county in the RichSquare,N.C.Store customers. Under the new
northeasterncornerofNorth employeeWandaHowerton rules,Mr.Timberlakecanac-
Carolinathathassufferedjob stocksbread,right.Manager commodateabout40peoplein
losses over the years. Manu- BobLassiterhelpsacustomer his 8,800-square-foot store,
facturing dried up, farming retrieveanitem,bottom. whichisaboutathirdthesize
became more automated and ofaFoodLion,thedominant
businessesleftdowntown. genciesbystringingChristmas regionalsupermarketchain.
Rich Square Market, the lights down the aisles, pow- The state order also re-
only one in a 15-mile radius, eredbyagenerator.Yetnodi- quiresone-waytrafficinstore
becameNorthamptonCounty’s saster compares to what is aisles. Mr. Timberlake’s first
main source of fresh food happeningnow,hesaid. idea of alternating directions
sincethenearbyPigglyWiggly The pace is as hectic as didn’t work because Rich
closedyearsago.Mr.Timber- anythinghehasseen.Hissales Square Market has an odd
lakeisamongthearea’slarger duringthepandemicareupby numberofaisles.Hestartedat
employers: 35 people at the atleastathirdandsoarethe the entrance, walked up and
Rich Square Market and 25 bills, including items costing downtheaisles,andendedup
more at Ahoskie Market, a him much more in the crisis. infrozenfoodsinsteadofthe
secondstore20mileseast. “People will say you’re really checkoutline.
His stores offer more than rollinginthemoneytoday,”he Now, he is experimenting
food. Customers chat with said,buttheydon’tseewhat withtwoadjacentaislesrun-
friendsandpaytheirelectric isdue. ninginthesamedirection.He
bills. The last bank branch in Earlyon,helimitedthesale printedsignsandmarkedthe
Rich Square, population 900, of bread but not water. He floorwithpainters’tape.
closed in 2016, and Mr. Tim- changedhismindafterseeing Somecustomersstillgothe
berlake cashes paychecks for a woman and her son buy wrongway outofhabit.Oth-
customers who spend 10% of enough bottled water to fill erscirclethestoreperimeter
themoneyatthestore. twogrocerycarts. to get items they missed on
Themarket’snarrowaisles On the store’s Facebook the first pass, complicating
aretherareplacewherelocal page, he asked his 4,000 fol- trafficflow.
people run into their neigh- lowerstopleasenotbuyupall Mr. Timberlake has yet to
bors.Thecounty’s20,000resi- of the store’s paper products figure out how to maintain 6
dents are spread across an and cleaning supplies. “Buy feetofdistancebetweencus-
area nearly twice the size of them as normal that way ev- tomers in the checkout line.
NewYorkCity. erybodywillhave!”hewrote. Fornow,heisusingthecenter
Itisnosimplethingtorun “A sale is a sale to me but I aisles for the line, effectively
a small-town grocery store, wantmycustomerstohave!” AL closing the lanes to other
N
managing narrow margins, Thepleawasn’tsuccessful. UR shoppers.
O
cdoomzepnlsexofsuhpopulrylycehmaipnlsoyeaensd. Einvesntoccokokbieecsaaurseehaalrldthtoekkeiedps REETJ and“IIwwaannttttoosdeorvwehmaty’spreigohptle,”,
Mr.Timberlake,56yearsold, areoutofschool. ST hesaid,“anditmakesithard
is an accidental grocer who He also has had trouble WALL todoboththosethingsatthe
hadnoformaltraininginthe persuadingolderemployeesto HE sametime.”
T
business.Heworkedasanar- take time off, including 80- R
O
coticsagentonaregionaltask year-old cashier Shirley Por- AYF Gone dark
force until federal grant ter. “I said, ‘Your job’s safe, W
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moneydriedupaftertheSept. andIwantyoutobesafe.You CO After his power went out
Y
11terroristattacks. know you’re in the risk SE Monday, and Mr. Timberlake
A
Local dentist and farmer group,’”hesaid.“Shelaughed VE calledthepowercompanyfor
RobertOutlandbuiltthemar- and said, ‘Well, big boy, you the fourth time, a contractor
ket in the 1970s, largely as a are,too.’” When the dispensers ran AtChristmas,hevisitsdressed “Notjustthisvirus,butinlife friend drove his refrigerated
laboroflove.Mr.Timberlake Ms.Portersaidthatasadi- dry, Mr. Timberlake decided asSantaClaus. together.” truck 20 miles to help him
took over in 2006 after Dr. abeticandcancersurvivorshe againstmakinghisownsani- “When the nursing home Mr.Timberlakeclosesearly savethemeatsandotherper-
Outlandaskedhim.Asateen- was taking the threat seri- tizer. “What if somebody thingcomeout,itletmeknow to give his staff a break. His ishables.Thefriendrolledup
ager, Mr. Timberlake worked ously.Oneofhercousinsisre- comes in and claims it took it wasn’t playtime no more,” older customers bring their atthesametimeasDominion
at his family’s peanut-buying coveringfromCovid-19aftera the skin off your hands?” he Mr.Timberlakesaid.“Itwasn’t shopping list to the store Energy’s line worker. The
business and had always im- stayinthehospital. said. something in New York or parking lot, and employees power came back in time to
pressedDr.Outland,82.“He’s Mr. Timberlake made In late March, the health NewJersey.Itwashere.” pick up the items. A retired save everything except some
veryresourceful,”hesaid. sneezeguardsattheregisters department announced that Nearlyeveryresidentofthe nurse sewed masks for store frozenvegetables.
to shield Ms. Porter and his Northampton County had 24 nursing home and half the workers after she saw they Laterintheweek,hismain
other cashiers. He punched coronaviruscasesatahealth- stafftestedpositiveforcoro- didn’thavethem. delivery truck arrived six
Another challenge
holes in sheets of plexiglass care facility, the first major navirus,saidMatthewDupuy, At home, Mr. Timberlake hours late because of ware-
Runningagrocerystorehas andstrungthemfromtheceil- outbreakinruralNorthCaro- pastor of the local Galatia sleeps separately from his housestaffingshortages.
turnedouttobeaharderjob ing with keyrings and rope. lina. The county now has the Baptist Church, where many wife,TamiTimberlake,andhis Another delivery came up
than his old one, especially “There’sareasonwesellham highestpercapitarateofthe residents attend. Church vol- stepdaughters,ages15and11. light. He said he had gone to
now. “If you had a stressful hocks here,” he said. “We coronavirus disease in the unteersmadebreakfastcasse- Heoftengoesstraighttobed sleep“likeakidonChristmas
situationinlawenforcement, knowhowtoimprovise.” state, 70 confirmed cases roles and brought restaurant after work. When the family Eve,” expecting 50 cases of
at least it cured itself pretty Lastmonth,whenthecoro- amongits20,000residents. takeout, providing meals for shares a meal, he sits at the toiletpaperbutawoketoonly
quick,” Mr. Timberlake said. navirus still seemed distant, Theinitialoutbreakwasat 10 days while the staff and barinthekitchenandevery- five.
“Thishasbeenconstant.” Mr. Timberlake increased his Pine Forest Rest, a nursing residentsrecovered.Mr.Tim- one else sits on the couch. Hegotaspotofgoodnews
Hehaskeptthestoreafloat canned-goodorders,installed home on a country road 9 berlake donated food for a “Theonlywaytheycangetit,” thisweek,though.Eggprices
through the last recession, Purell dispensers and depu- miles north of Rich Square. fundraiser. he said, “…is if I give it to are coming down. “Evidently
hurricanesandaflood,keep- tized his most finicky stock Mr.Timberlake’sgrandmother “Allofusfeellikewe’rein them.” thehensarecatchingup,”Mr.
ing the doors open in emer- boyassanitationchief. livedtherewhenhewasaboy. thistogether,”Mr.Dupuysaid. ThecouplemetwhenMrs. Timberlakesaid.
A10|Saturday/Sunday,April18-19,2020 THEWALLSTREETJOURNAL.
****
OBITUARIES
EARL GRAVES ROBERT HERMANN
1935 — 2020 1923 — 2020
Publisher Personified
Entrepreneur Bet
On Soccer in U.S.
Lifestyle He Promoted
BYJAMESR.HAGERTY familythatownedtheAnheuser-
I Buschbrewingcompany,atthe
nthemid-1960s,RobertHer- NationalCathedralinWashing-
BYJAMESR.HAGERTY State,heservedintheArmyasa mannhadaboldvision: ton.
A GreenBeret,stationedintheU.S. Americanswouldfallinlove TheNavyassignedMr.Her-
sastudentatwhatisnow Onablinddate,hemetBarbara withsoccer. manntotheUSSSavoIsland,an
MorganStateUniversityin Kydd,anelementaryschool ThePrinceton-educatedentre- aircraftcarrierinthePacificthat
Baltimoreinthe1950s,Earl teacher.“Shewasveryattractive, preneur,ason-in-lawofthebrew- survivedanattackbyaJapanese
Gravesearnedmoneybymowing verybrightandnotimpressedat ingbaronAugustA.“Gussie” kamikazeplane.
lawns.“Yourgardeningworries allbymyArmyoutfit,”hesaid BuschJr.,helpedorganizetheNa- Othersinvolvedinfounding
areover,”hismimeographedflier later.Theymarriedin1960. tionalProfessionalSoccerLeague theNationalProfessionalSoccer
said.“Stopbreakingyourback.” Heworkedasapoliceofficerin in1966andbecameitspresident. LeagueweretheRooneyfamily,
BecauseMr.Gravesdidn’thave NewYork,specializinginnarcotics Healsowasaco-ownerofoneof ownersofthePittsburghSteelers,
aphone,hisadlistedthenumber enforcement,andasareal-estate itsteams,theSt.LouisStars. andWilliamBartholomay,who
oftheuniversity’smainoffice. agent.Astheorganizerofacam- Thoughhehadneverplayed ownedtheAtlantaBraves.“Ithas
Whenadeandiscoveredthemow- paignrallyinBrooklyn,heat- thegame,“hesawsoccerwasthe everyingredienttoappealtothe
ingservicewasrelyingonthe tractedtheattentionofRobertF. No.1sportintheworld,”saidhis Americanpeople,”Mr.Bartholo-
school’ssecretarialpool,“he Kennedywhenhewasrunningfor son,RobertHermannJr.“Why maytoldareporter.“It’sfast;
couldn’tbelievemynerve,”Mr. theU.S.Senatein1964.Mr.Graves wouldn’titbeintheU.S.?” thereisphysicalcontact;women
GravestoldCrain’sNewYorkBusi- joinedthecampaignandservedas CBSbroadcastsomeofthe canunderstandit.”
nessin1998. anaidetoSen.Kennedy.Hewas gamesontelevisionin1967,the Theotherorganizersappointed
Nerveandhighaspirationspaid withthesenator’steaminLosAn- debutseason.Butviewershipwas Mr.Hermannpresident,responsi-
off.HefoundedBlackEnterprise geleswhenMr.Kennedywasassas- poor,andCBSpulledout.The bleforgettingtheleaguestarted.
magazinein1970andranaPepsi- sinatedinJune1968. leaguemergedwitharivalto
ColabottlingbusinessinWashing- Hecreditedhiswifewithhelp- Financingforhis1970launchof formtheNorthAmericanSoccer
ton,D.C.,inthe1990s.Healso inghimlaunchBlackEnterprise. BlackEnterprisecamefromChase League.Hopessoaredwhenthe ‘SoccerwastheNo.1
wroteapopular1997book,“How Asidefromwriting,editingand ManhattanBank,whichprovideda BrazilianstarPeléjoinedtheNew
sportintheworld.Why
toSucceedinBusinessWithout servingasasalesdirectorandof- $150,000loanandinvested YorkCosmosin1975.
BeingWhite.”Heservedasadi- ficemanager,shewas“vicepresi- $25,000foraninitial25%stakein Theninterestdwindled.In wouldn’titbeinthe
rectorofmajorcompaniesinclud- dentinchargeofshuttingdown thepublishingcompany,Mr. 1985,withonlytwoteamsre-
U.S.?’
ingChryslerCorp.,FederatedDe- thepublisher’sbadideas,”he Graveswrote.Hesaidhebought maining,theleaguedisbanded.
partmentStoresInc.andAetna wrote. Chase’sstakebackadecadelater Mr.Hermannprecededmany
Inc. Withhelpfromhissons,Mr. for$500,000. otherentrepreneurswhodiscov-
Mr.GravesdiedApril6atthe Gravesdiversifiedhispublishing In1990,Mr.Gravesteamedup eredhowharditwastosell
ageof85.Hisfamilysaidhehad companyintobroadcasting,web- withthebasketballstarEarvin Americansonagamelackingnat- Hedispatchedrecruiterstofind
Alzheimer’sdisease. sites,conferences,andgolfand “Magic”Johnsontobuyastakein uralbreaksfortelevisionadsand coachesinEurope,manyofwhom
AtMorganState,hemajoredin tennistournaments. theWashington,D.C.,bottlingfran- featuringtheatrical,so-called spokelittleEnglish.Playerscame
businessandranonthetrack E chiseofPepsiCoInc.Mr.Graves floppingbyplayershopingto mainlyfromEuropeandLatin
team.“Imayhavebeentheslow- arlGilbertGraveswasborn becamechairmanandchiefexecu- drawapenaltykick. America.ABritishcoachpro-
estmanevertohaveaplaceon Jan.9,1935,andgrewupin tiveofthelocalbottler.Hesoldhis Still,theMissouriAthleticClub testedwhenAmericanfansin-
theMorganStatetrackteam,”he theBedford-Stuyvesant stakebacktoPepsiCoInc.in1998. HermannTrophyforcollegiate sistedonkeepingballskicked
wrote,“butwhenitcametorun- neighborhoodofBrooklyn,N.Y.His Hisphilanthropyincludedlarge soccerstarsisnamedforhim. intothestands;hecalledita
ningaftermoney,IwasanOlym- fatherhadimmigratedfromBarba- giftstoMorganState,which Youthsoccerthrived,andhelived “baseballpeculiarity”andsaid
pian.” dos;hismotherwasraisedinTrin- nameditsbusinessschoolandan toseelaterprofessionalsoccer theleaguecouldn’taffordtore-
BlackEnterpriseservedasa idad.Asaboy,hewastoldblacks honorsprogramafterhim. leaguestakerootintheU.S. placethemall.
manualforfinancialsuccess.With weren’tallowedinaYMCAswim- Hiswifediedin2012.Heissur- Mr.HermanndiedApril5at Mr.Hermannonceproposedto
hiselegantsuitsandcarefully mingpool.Hismotherregistered vivedbytheirthreesonsandeight hishomeinLadue,Mo.,ofnatu- officialsofFIFA,thesport’sworld
trimmedmutton-chopsideburns, herindignationwithYMCAoffi- grandchildren. ralcausesunrelatedtothenovel governingbody,thatgoalposts
Mr.Graveswasawalkingadver- cialsandgotthepolicyreversed. “Thewhite-dominatedbusiness coronavirus.Hewas97. shouldbemovedfartherapartto
tisementforthepossibilities.He Hisfather,ashippingclerkina worldneedstounderstandthatwe Healsocreatedthroughacqui- allowforhigher-scoringgames.
andhiswife,Barbara,raisedtheir garmentfactory,spurredyoung don’twantcharity,”hewrotein sitionswhatisnowAnchorPack- Thatideawentnowhere.
threesonsina10-bedroomhome Earltoworkhard.“Isweptthe hisbook.“Wewanttodobusiness. aging,amakerofplasticfood Mr.Hermannneverdeveloped
inScarsdale,N.Y.,featuringa60- sidewalkonceadayandGodfor- Wedon’twantguaranteedsuccess. containersandfilmpackaging, astronginterestinwatching
footswimmingpool,atenniscourt bidifIdidn’tbringthegarbage Wewanttheopportunitytoearn stillownedbyhisfamily,and sportsbutlikedtoplaytennis.In
andanice-creamparlor.Thesons cansinafterthegarbagehadbeen it.” foundedtheFairSt.Louis,an the1970s,heoccasionallyplayed
graduatedfromeliteschools:Yale collected,”hetoldtheLosAngeles eventheldeachsummer. platformtenniswithaneighbor,
University,BrownUniversityand Times. (cid:2)Readin-depthprofilesat InJune1944,hemarriedLilly StanMusial,theformerCardinals
theUniversityofPennsylvania. AftergraduatingfromMorgan WSJ.com/news/types/obituaries ChristyBusch,amemberofthe baseballstar.
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