COVID-19 spike is 'abject failure' on the part of the federal govt. Doctor

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Emergency Medicine Physician at Columbia University Dr. Craig Spencer joins Yahoo Finance’s Kristin Myers to discuss the latest coronavirus outlook as U.S. cases surpass 3.5 million.

Video Transcript

KRISTIN MYERS: On the coronavirus front, nearly 3.6 million cases. Unfortunately, it feels like I give you guys the numbers every day. They just keep ticking upward and upward. We are seeing the daily case count now topping 70,000. For anyone at home that has been watching this show and has been listening to me, remember, we saw a surge of 50,000 daily case counts a day, 60,000 case counts a day. And now, up over 70,000 case counts.

We're seeing record death counts in Florida, Texas, and South Carolina. And in New Jersey-- we just got this news crossing the wires today-- virus transmission rates are rising to its highest level in weeks. Of course, this means that businesses right now are forcing mass mandates for any customers to enter the building. Home Depot has now joined that list, joining Starbucks, Walmart, Target, CVS, Costco, and several others.

So I want to keep this conversation going on coronavirus. As I mentioned, they have blown past their previous records of the most cases in one day, hitting over 70,000 cases. And as a result of these case surges, we are starting to see US mask rules expanding all across the country. So for more on this, I want to bring in now emergency medicine physician Dr. Craig Spencer. He's also director of global health and emergency medicine at Columbia University.

Doctor, thank you so much for joining us. That 70,000 number, it feels like just a couple of days ago or maybe weeks ago that Dr. Fauci was saying, listen, we are going to be hitting a case count, a daily case count, of 100,000 cases. I feel as if, at one time, that was an almost unfathomable number. We were at 50,000. Now, this is where we are. Do you at all think that we could be touching that estimate of 100,000 cases in one day anytime soon?

CRAIG SPENCER: Absolutely. Think about where we were just over three weeks ago at the end of June. We were having half as many cases per day as we're reporting now. Over 70,000 cases would sound crazy if anyone told you that in the middle or towards the end of June. So when Dr. Fauci said that, 100,000 did sound like a huge number of cases. But what he knew and what the rest of us know who are taking care of this disease and watching it spread across the country is that we really do have unmitigated spread, especially in a lot of big cities in the southwest, in the sunbelt.

But that's expanding into other places as well. We are increasing testing, which is good, which does account for some increase in those case numbers. But the biggest increase in those case numbers is due to the fact that this virus is just infecting and finding more people. We have hospitalizations increasing. And some people were heartened by the fact that deaths had an increase, that they had been on this downward trend since April.