A woman wearing a Spanish flag on her shoulders bangs a saucepan during a protest against the Spanish government lockdown measures to prevent the spread of coronavirus in Madrid, Spain, Thursday, May 21, 2020. Spaniards are going about their restricted lives wearing masks in compliance with a government order that comes into force Thursday. (AP Photo/Manu Fernandez)
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.
TOP OF THE HOUR:
—Trump calls for reopening of houses of worship.
—Pence visits Georgia, says state is ‘leading the way.’
—President Putin says virus stabilized in Russia.
— Virus accelerates across Latin America, India, Pakistan.
JACKSON, Miss. — Mississippi Gov. Tate Reeves says he is adding another week to his statewide “safer at home” order because of the coronavirus pandemic. But the Republican also says he is easing restrictions on water parks and other outdoor sports and leisure venues.
The home order had been set to expire Monday. The new expiration date is June 1.
Reeves is asking people to limit the size of gatherings during Memorial Day weekend. Mississippi has had more than 12,600 confirmed cases of the virus and nearly 600 deaths.
CHICAGO — Chicago cannot begin to loosen restrictions designed to limit the spread of the coronavirus before early June, officials in the United States' third-largest city said.
Chicago, like the rest of Illinois, has been under a stay-at-home order since March 21. Gov. J.B. Pritzker has said all parts of the state are on track for restrictions to begin loosening on May 29. Chicago Mayor Lori Lightfoot, though, said she could not provide residents with a specific date when the city can loosen restrictions but she hopes it can move forward in early June.
The city’s multi-phase plan for reopening businesses, government buildings and lifting some restrictions on residents’ movement requires a decline in new cases and emergency room visits, along with a 15% average rate of positive tests among those performed by health care providers in a 14-day window.
At 20.5%, the rate of positive tests remained a concern Friday, but the head of the city’s public health department said that percentage has declined in recent days and that she feels confident the city can reach the target number.
“The bottom line is that we are on track but we need people to continue to stay home and save lives this weekend and next week,” Dr. Allison Arwady said.
LONDON — Britain’s main opposition party says Prime Minister Boris Johnson’s top adviser must explain why he apparently broke lockdown rules by traveling to his parents’ house more than 250 miles (400 kms) from his London home.
The Guardian and Mirror newspapers say Dominic Cummings was seen at the house in northeast England at the end of March and his presence was reported to the police. A lockdown that began March 23 stipulated that people should remain at their primary residence and not visit relatives.
Durham Police say officers went to a house on March 31 and “explained to the family the guidelines around self-isolation and reiterated the appropriate advice around essential travel.” Police did not mention Cummings by name.
The Labour Party said in a statement that “the British people do not expect there to be one rule for them and another rule for Dominic Cummings.” It said the prime minister’s office “needs to provide a very swift explanation for his actions.”
Cummings was one of the architects of the successful campaign to take Britain out of the European Union, and later was appointed Johnson’s top aide.
He is one of several senior U.K. officials who have been accused of flouting the lockdown rules that they advocated for the rest of the country.
FORT LAUDERDALE, Fla. — Florida’s unemployment rate reached a record high in April of almost 13%, tripling in one month as the economic slowdown from the coronavirus pandemic took hold.
Florida’s unemployment rate skyrocketed to 12.9% in April from 4.3% in March and from 2.8% in February, before the pandemic caused a state and nationwide closure of many businesses. About 1.2 million Floridians had lost their jobs out of a workforce of 9.5 million when this survey for the U.S. Bureau of Labor Statistics was conducted in mid-April, a number that has continued to climb into May.
“I’d like to see the economy bounce back as quickly as possible, but it’s just not that simple,” Gov. Ron DeSantis said.
The national unemployment rate reached 14.7% in April, up from 3.5% in February, reaching levels not seen since the Great Depression of the 1930s. The state’s previous record unemployment rate since World War II was 11.3% in early 2010.
WASHINGTON — The coordinator of the White House coronavirus task force has offered Americans guidance on how they can enjoy the Memorial Day weekend, the traditional kickoff to summer.
Dr. Deborah Birx says people can enjoy the outdoors as long as they remain mindful of the need to stay socially distant.
Birx offers the example of playing tennis with marked balls so players only touch their tennis balls. She says another example would be to designate utensils for individuals or use disposable spoons, forks and knives at picnics or potlucks.
Birx says a lot of Americans are carrying the coronavirus and don’t know it.
She says the Washington, D.C., metro area has the highest positivity rate in the U.S.
WASHINGTON — President Donald Trump has called for the reopening of houses of worship, declaring them “essential” services.
The president wants governors to allow them to reopen this weekend.
“If they don’t do it, I will override the governors,” Trump says. “In America, we need more prayer not less.”
Trump says the Centers of Disease Control and Prevention also was issuing guidance for communities of faith to hold safe gatherings.
The president’s comment came one day after he prodded the agency to issue guidelines, so congregations can restart gatherings for worshipers.
The CDC previously sent the Trump administration documents outlining steps for religious facilities to reopen, but the White House shelved them at the time out of concerns about the propriety of government making specific dictates to places of worships.
DENVER — A U.S. Postal Service distribution facility in Denver that handles 10 million pieces of mail a day for Colorado and Wyoming is still open despite being ordered to shut down by city health officials because of a coronavirus outbreak investigation.
The agency says it is complying with federal safety guidelines and working with city officials to address their concerns. Denver health officials say the closure order was a last resort after the Postal Service refused to provide it with necessary information and inspectors were refused entry beyond its post office service counter.
NORCROSS, Ga. — Vice President Mike Pence has traveled to Georgia, where he had lunch with Gov. Brian Kemp at a cafe and praised the state — one of the first to allow businesses to start up again despite the coronavirus outbreak.
Pence and Kemp were scheduled to talk about reopening during the pandemic with members of the restaurant industry later at the headquarters of the popular Southern eatery, Waffle House.
Kemp allowed salons, restaurants, gyms and other businesses in Georgia to reopen with restrictions in April.
The Republican governor has insisted the move was guided by data and state public health officials, but it ran counter to the advice of many experts, who warned that resuming business too soon risked a fresh spike in infections.
The move also drew criticism from President Donald Trump, who said he totally disagreed with the decision after first telling Kemp he supported it.
On Friday, Pence said Georgia was “leading the way” and the country was making progress against the virus.
ROME — All residents of nursing homes in Lombardy, Italy’s worst-stricken region in the COVID-19 pandemic, have now been tested for the infection.
Lombardy Health Commissioner Giulio Gallera says about 30 percent of the residents tested positive and are being cared for in separate sections of their facilities.
Prosecutors in Lombardy and other Italian regions are investigating how devastating outbreaks in various nursing homes was handled. Among those residences being investigated is one in Milan, which is Italy’s largest and where a doctor was temporarily removed from duty after he insisted, in vain, that staff wear protective masks.
Nursing homes have tallied a high number of deaths during the outbreak, especially in northern Italy. But since many residents were never tested for COVID-19, how many of them might have had coronavirus isn’t known.
CARSON CITY, Nev. -- A federal agency has awarded $89.9 million to Nevada to enhance COVID-19 testing and contact tracing.
The Nevada Appeal reports that the grant awarded by the federal Centers for Disease Control and Prevention was announced by the state’s two U.S. senators, Democrats Catherine Cortez Masto and Jacky Rosen.
The lawmakers say the funding is important because the state needs “an expansive and efficient system for testing and contact tracing” as it moves toward reopening its economy. Nevada health officials reported that the state had 7,401 cases of COVID-19 with 381 deaths as of Friday.
SUNLAND PARK, N.M. -- Several dozen workers at a meat processing plant in southern New Mexico have tested positive for coronavirus. State health officials plan another round of testing at the facility next week.
Illinois-based Stampede Meat says its processing facilities are cleaned and sanitized daily, employees are screened and they’re instructed to wear protection that includes masks and face shields.
The state has nearly 6,500 cases, with officials raising concerns about young people without symptoms potentially spreading the virus. Children and teenagers make up about 13% of the state’s positive cases, up from 7% a few weeks ago and about four times higher than the national average.
MADRID — The leading virus expert of Spain’s government says the European country is “very close” to having checked its coronavirus outbreak.
Fernando Simón, the director of Spain’s health alerts and emergency center, says “We could be very close to having the virus at (contagion) levels that are practically undetectable.”
Spain’s daily death toll remained well under 100 fatalities for a sixth consecutive day Friday, when the health ministry reported 56 deaths. That took the tally from the start of the pandemic to 28,628 deaths.
The ministry also said 13 of its 19 regional governments did not need to admit any COVID-19 patients to critical care units in the previous 24 hours.
At the height of the outbreak in late March and early April, Spain’s critical care units were overrun with virus cases in hot spots and deaths spiked above 900 a day.
BERLIN — The leader of one of Germany’s governing parties wants to set a limit for the amount of money the country borrows to help finance the recovery from the coronavirus pandemic.
The German government already has put together various aid packages and in the process given up its dedication to keeping the budget balanced. After six years in the black, it plans to borrow 156 billion euros ($171 billion) to finance rescue packages and cover the expected shortfall in tax revenue.
Chancellor Angela Merkel’s governing coalition of center-right and center-left parties plans to put together a stimulus package next month. Conservatives are keen to keep a lid on spending.
Markus Soeder, the leader of the Christian Social Union – the smallest of the three governing parties – says the new package must add at most 100 billion euros, preferably less, to the new debt. Soeder, who is also Bavaria’s governor, says that’s necessary to prevent Germany running into trouble if there are further setbacks.
MOSCOW — Russian President Vladimir Putin says the coronavirus has stabilized in the country, with the number of new infections abating.
Putin, speaking during Friday’s video conference with top officials, says “the positive dynamic is not so fast as we would like it to be, sometimes even unstable, but it does exist.”
Russia currently ranks second behind the United States in the number of infections with more than 326,400 reported cases and more than 3,200 deaths. The U.S. has more than 1.5 million cases and leads the world with more than 90,000 deaths.
The Russian leader says the positive trends set the stage for further lifting restrictions, but he emphasized the need to preserve the hospital capacity for a possible new wave of contagion.
Officials have reported to Putin the hospitals treating COVID-19 patients are currently filled by just over half and the influx of patients, particularly those in grave condition, has been decreasing.
The coronavirus mortality rate in Russia has remained remarkably low at about 1 percent, drawing suspicions in the West that the country was under-reporting its death toll. Russian officials have rejected the claim, saying the low death toll reflected efficient preventative measures and broad testing.
GENEVA — The United States wants the World Health Organization to start work “now” on a planned review of the WHO’s coordinated international response to the COVID-19 outbreak.
The U.N. health agency is facing a Trump administration threat to cut off funding.
Adm. Brett Giroir, an assistant secretary in the U.S. Department of Health and Human Services, sent a written letter to the U.N. health agency’s executive board meeting on Friday saying the United States believes the WHO can “immediately initiate organizational processes for the review,” such as by bringing together independent health experts and setting up guidelines for it.
Giroir is one of the board’s 34 international members but didn’t participate in person in the board’s first virtual meeting on Friday.
He alluded to a resolution passed Tuesday by the WHO’s assembly calling on its director-general, Tedros Adhanom Ghebreyesus, to launch “comprehensive evaluation” of the WHO-coordinated international response to the outbreak to begin “at the earliest appropriate moment.”
Follow AP news coverage of the coronavirus pandemic at https://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak
7 Stocks That Prove Dividends Matter
Dividends can be an equalizing factor when comparing stocks. For example, you can be looking at one stock that is up 5% and another that is up 7% over a period of time. However, the stock that is up 5% pays a dividend while the one that pays 7% does not. That dividend factors into the stock’s total return. Therefore although the former would appear to offer a better return, the stock that pays a dividend may actually provide a higher total return.
Dividends are a portion of a company’s profit reflected as a percentage. However, this percentage changes with the company’s stock price. For that reason, a common mistake investors make is to chase a yield. But a company that pays a 4% dividend yield may be a far better investment than a company with an 8% yield. Here’s why.
The most important attribute of a dividend is its reliability. Getting a solid dividend one year has very little meaning if the company has to suspend, or cut, its dividend the next year. Investors want to own stocks in companies that have a solid history of paying a regular dividend.
Another important consideration is a company’s ability to increase its dividend. This means that the company is increasing the amount of the dividend regardless of stock price. Companies that do this over a specific period of time have achieved a special status. Dividend Aristocrats are companies that have increased their dividend every year for at least the last 25 years. Dividend Kings have increased their dividends every year for at least the last 50 years.
In this presentation, we highlight seven companies that offer a nice dividend and the opportunity for decent growth.
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View the "7 Stocks That Prove Dividends Matter".