Year in Review (Part 4) December 31, 2021

Looking Back:

Cars.comAlex Vetter, CEO of Cars.com discusses strong earnings report for Q1
Last Thursday, Cars.com, a leading digital marketplace and solutions provider for the automotive industry, released its financial results for Q1 2021. From the beginning of January to the end of March, Cars.com reported revenue earnings of $153.3 million, up $5.2 million, or 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year-over-year, from this time last year, when the threat of COVID-19 was at one of its highest points. To further discuss Cars.com’s Q1 results, is the CEO Alex Vetter. Watch the complete segment here.

KerriganErin Kerrigan on what’s happening in the buy-sell market today
What does the incredible year of buy/sell activity we’ve seen mean for the OEMs? On today’s show, we’re joined by Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors to walk us through what’s happening in the buy-sell market today. They expected 2021 to be the year of the megadeal and Kerrigan thinks 2022 will continue that trend. The Larry H. Miller transaction with Asbury valued at $3.2 billion is a new record. She says what’s interesting about that deal is how strong the evaluation it is. It’s the sense of confidence that the industry will be able to continue at this level of profitability. Watch the complete segment here.

Asbury CEO David Hult and George Karolis of The Presidio Group discuss the company’s exceptional M&A activity
Mergers and acquisitions in retail automotive reached astounding levels in 2020, and the market shows no signs of slowing down. One of the biggest acquisitions in recent memory, was by Asbury Automotive Group which acquired several luxury Park Place dealerships. This deal added 12 franchises and a reported 1.7 billion dollars in annual revenue for Asbury. On today’s show, we’re pleased to welcome David Hult, president and CEO of Asbury Automotive Group and George Karolis, president of The Presidio Group to discuss this unprecedented activity in the M&A market. Watch the complete segment here.

Gole

How to improve your car dealership’s online retailing strategy – Lissette Gole, Head of Auto Retail at Google
Despite the industry’s inventory and chip uncertainty, retail automotive has continued to shift and evolve online. Today’s successful dealerships are offering the entire vehicle purchase process through your mobile device. On today’s show, we’re pleased to welcome back Lissette Gole who is the Head of Automotive Retail at Google. Her nearly 20-year career has been dedicated to the automotive industry, so on today’s show, she’ll take us through today’s top trends and ways you can improve your online retailing. Watch the complete segment here.

Allyson WitherspoonAllyson Witherspoon, CMO of Nissan USA, on launching 10 new models and marketing in 2021
Today on CBT News, host Jim Fitzpatrick is joined by Allyson Witherspoon. Vice President and Chief Marketing Officer of Nissan USA. Witherspoon joins the show to discuss the latest automotive marketing trends, as well as future plans for Nissan. Witherspoon begins the interview by looking back at the lessons learned from 2020. She says that 2020 brought “huge and unprecedented changes.” Nissan is a corporate sponsor of the NCAA March Madness Basketball Tournament, which was unfortunately canceled as the virus began to spread throughout the country. Watch the complete segment here.

CMA’s Liza Borches explains the value of a top-notch customer experience
Carter Myers Automotive has roots dating back to 1902 as a hardware, machinery, and mill supply business that built and sold horseless carriages. Today, more than a century later, the family business has evolved and expanded to what we know today, including 17 franchises in 15 dealerships across Virginia. President and CEO, Liza Borches is the fourth generation of the Myers family and she joins us today to take a deeper dive into the CMA customer experience. Watch the complete segment here.

Mike JacksonMike Jackson talks about AutoNation’s record-breaking quarter and how AN sources used cars
On this special edition of CBT News, Jim Fitzpatrick sits down with Mike Jackson, CEO of AutoNation to discuss the company’s six straight record-breaking quarters and his proudest moments at the helm of AutoNation.This past September, AutoNation announced that former FCA CEO Mike Manley will be joining the country’s number one dealer group as Director and CEO, upon Jackson’s official retirement on November 1. Jackson has held the CEO role for more than two decades, aside from two short instances where Carl Liebert (March 2019—July 2019) and Cheryl Miller (July 2019—April 2020) occupied the position. Watch the complete segment here.

AIADAAIADA Pres. Cody Lusk on keeping the auto industry a level playing field and free of excessive Gov. influence
More than half of all U.S. dealership jobs are created by international nameplate automobile dealers, according to the American International Automobile Dealers Association. The Association recently released their 2021 Economic Impact Report and joining today to discuss its findings, is Cody Lusk, President of AIADA. We’ll also get into what’s making headlines today and what the association has planned for the remainder of the year. Watch the complete segment here.

WalserNADA Chairman Paul Walser on inventory shortages and what to expect at the 2022 NADA Show
In the first quarter of 2021, automotive dealers dealt with several looming challenges, but as Paul Walser became Chairman of NADA he revealed his top priorities aimed at improving the franchise system. We now stand in the final quarter of 2021 and want to take a look at the past year of retail automotive from Paul’s lens. He joins us now to discuss the current state of retail automotive, where NADA stands on the priorities today, and we’ll also get into the NADA show happening in March. Watch the complete segment here.

diamondsIs your car dealership utilizing its ‘acres of diamonds?’
On the latest episode of Mind Your Own Business, host Jonathan Dawson, founder of Sellchology Sales Training, discusses “acres of diamonds.” The concept of acres of diamonds is the idea that everything you need, is often right below the surface in your own backyard. Many of the challenges or growth opportunities you are faced with are usually beneath the surface. Dawson encourages you to think about the areas of the dealership that need to grow, and think about how that expansion can be made possible? These areas could be systems, processes, or creative resources. Ask yourself, what are some areas you can improve in? Watch the complete segment here.

News & Opinion:

warrantyBest practices when submitting warranty claims
In 2019, automakers across the world had to spend about 2.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the product revenue, totaling more than $49 billion, covering warranty expenses. This cost only shows the warranty that was covered with the understanding that many more were denied. In your dealership, it’s essential that you take proper steps to ensure a good workflow when turning in a claim. To help you, we put together four of the best practices when submitting warranty claims. Read more

loyalty programsHow to use loyalty programs effectively
In selling products, dealerships have an incredible opportunity to acquire new customers and retain existing ones. But, according to Polk, the sad truth is that less than 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of owners are loyal to a dealership. For a dealership, an average defection rate of 70{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} should be a great motivator to improve loyalty. And in such a competitive market, dealerships often need to use ad campaigns, loyalty programs, promotions, and various other marketing techniques to generate more revenue. Read more


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dealers

Nutson’s Weekly Auto News Wrap-up December 20-25, 2021


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Auto CENTRAL CHICAGO – December 26, 2021 Each and every Sunday Larry Nutson, The Chicago Automobile Dude and Government Producer, with ready support from senior editor Thom Cannell from The Vehicle Channel Michigan Bureau, compile The Car Channel’s “just take” on this earlier week’s automotive information, condensed into easy to digest information Nuggets.

Master Far more: Complete variations of present day information nuggets together with 1000’s of pages of relevant information and opinions, info stored in a million page library released and indexed on The Automobile Channel during the previous 25 yrs. Complete data can be identified by copying a daring headline and then inserting into any Web-site Lookup Box.

Nutson’s Automotive News Wrap-up – 7 days Ending December 25, 2021 Below are the earlier week’s vital, suitable, semi-magic formula, or snappy automotive information, opinions and insider back stories introduced as
expertly crafted straightforward-to-digest news nuggets.

CAFE Lives! * Final vehicle emissions rules comprehensive by the Environmental Safety Company are extra stringent than those at first proposed and set in position underneath previous President Barack Obama. Environmental and community wellbeing groups are placing pressure on President Biden to impose the strongest rule possible, which includes eliminating added incentives and credits that make it simpler for automakers to fulfill the requirements. Less than the last rule, the emissions reduction targets for 2023 to 2026 enhance in stringency from 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in each and every product calendar year to achieve a fuel-economic system fleetwide average of 40 mpg in 2026, in comparison with 38 mpg below an August proposal. The regulations depict the most stringent federal greenhouse fuel emissions requirements to date and occur following a long time of reduce benchmarks put in position by former President Donald Trump. These polices place the fleetwide focus on at 32 mpg.

* Nonetheless, take note this. There is a evident loophole on the textbooks that has been amongst the single biggest contributors to greenhouse fuel emissions in the US around the past 30 years. Whilst the facts are a bit specialized, the upshot is the Biden administration is presenting nevertheless a further policy as a victory in the battle towards local climate change when it is a marginal enhancement at greatest and fails to suitable just one of the most obtrusive coverage troubles that has designed local weather adjust worse. Each individual new motor vehicle customer ought to study this: Listed here

Charger Eiquette* In a current report Wards Intelligence factors out that demand time may be replacing assortment panic as the top rated issue for BEV obtain intenders, modern consumer surveys point out. On typical, industry insiders believe by 2025, BEVs need to recharge to 80{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} ability in just 10-20 minutes, while here as well the sights are relatively divergent across the sector. About one-fifth to a person-third of BEVs available in 2025 are anticipated to have greater-voltage 800-900 volt battery packs that make it possible for for quickly charging, say the bulk of respondents in a study by Wards.

* Investment decision carries on in EVs. The US DoE reports in addition to electric powered auto battery vegetation that are already in operation in the United States, 13 further plants have been introduced and are predicted to be operational in just the subsequent 5 decades. Of the 13 vegetation that are prepared, eight are joint ventures among automakers and battery brands. Numerous of these new crops will be positioned in the Southeast or Midwest.

* From the Detroit Free of charge Push we read through a lot more than 1,000 buyers who assumed they’d get a new all-electric powered Ford Mustang Mach-E this year and qualify for the $7,500 tax credit history might be in for an uncomfortable shock. Ford Motor Co. alerted its dealers to desired seatbelt repair involving specific 2021-22 design 12 months Mach-Es, triggering a hold on any undelivered new autos. Shoppers can even now implement for the federal tax credit rating, it just could shift to calendar yr 2022 for some buyers. The credit is utilized to the calendar year a car or truck is shipped, not requested.

* Typical Motors reopened the Corvette plant in Bowling Green, Kentucky that was shut in the wake of tornado hurt. Substantial-pace winds moreover a hearth on the roof from the tornado that roared as a result of the area compelled the plant to close for a 7 days. Experiences vary on the amount of destroyed Corvettes, but additional than 100 cars have been weakened past repair and will be scrapped.

* Automotive News studies that GM has delayed output of the Chevrolet Bolt EV right up until February. GM also has suspended sale of the Bolt EV. The automaker in August widened its recall of the Bolt to additional than 140,000 autos to switch battery modules soon after a collection of fires. The National Highway Traffic Basic safety Administration has an ongoing investigation into the battery fires.

* A Quotewizard.com research says your car’s make and model is an essential issue in identifying what you pay for vehicle insurance coverage. The Tesla Model 3 is the most high-priced well-known car to insure. The Jeep Cherokee and Subaru Forester are the cheapest well-liked cars and trucks to insure. Have appear at the facts In this article

* Automakers are progressively turning to way of living events to arrive at new buyers. Previously in December at 2021 Artwork Basel Miami, BMW, Lamborghini, Lexus, Lincoln, Lucid and Mercedes-Benz all have been existing in South Beach with motor vehicle displays. BMW chose Art Basel fairly than an automobile clearly show to reveal the Principle XM, the to start with electrified M design.

* At the forthcoming CES 2022 in Las Vegas, Nevada, on January 5-8, 2022 Stellantis shows will consist of Citroën Ami city EV, Citroën long run mobility notion, 2022 Jeep Grand Cherokee 4xe outfitted with Uconnect 5 in-car or truck-engineering program, DS Cars Formulation E race motor vehicle, Fiat New 500 and a Chrysler Airflow notion vehicle.

* Automotive News reports Basic Motors and Waymo are the hottest businesses to terminate CES strategies above COVID-19-similar problems. GM CEO Mary Barra had been scheduled to give a keynote speech at the yearly convention on Jan. 5, for the duration of which the corporation would have proven its electric powered Silverado pickup for the very first time. Barra will still make the speech and presentation more than the online, a spokesman stated. Waymo experienced planned to screen its new Course 8 Freightliner Cascadia truck for the 1st time. Designed with redundant autonomous methods in collaboration with Daimler Vans, the system is a lynchpin of Waymo’s emphasis on self-driving trucking. Twitter, T-Mobile, Amazon and Meta (Fb) said they would not participate mainly because of health and fitness worries. Technology-focused media outlets these kinds of as TechCrunch and The Verge have also withdrawn.

* Dodge declared a new Direct Relationship overall performance areas lineup, pieces catalog and technical hotline. Immediate Link is the Dodge brand’s unique resource of factory-backed overall performance parts, that will include things like: New “Tuner” and “Stage” kits that can strengthen the Dodge Challenger SRT Hellcat Redeye and Challenger SRT Hellcat up to 885 horsepower and 750-additionally horsepower, respectively 14 new functionality kits for the output Dodge Challenger 13 new race-prepared kits and 4 graphics deals for the Dodge Challenger Mopar Drag Pak. The new Immediate Connection elements catalog, is offered for obtain at Dodge.com/dodge-muscle.

* Tesla is below pressure from U.S. basic safety regulators since it will allow video clip video games to be performed on heart infotainment screens even though cars are transferring. In response Tesla has agreed to cease permitting the video games to be performed with its “Passenger Enjoy” feature. A software update sent out about the online will lockout the aspect.

* Ford is recalling almost 185,000 F-150 comprehensive-dimension pickups. The 2021 and 2022 design-yr vans have driveshaft challenges that could trigger it to fracture. The situation only has an effect on specified F-150 Crew Taxi 4×4 pickups.

* Autoweek stories two-time CART winner and previous F1 racer Alex Zanardi carries on to recuperate from a close to-deadly handbike crash in which he was struck by a auto whilst racing in Italy in June, 2020. His loved ones is joyful to report that at the very least now he has been capable to transfer from a rehabilitation clinic to his house. Spouse Daniela gave an update on Zanardi’s situation that was released currently on a BMW Group web page. Zanardi, who was a 15-time winner in Indy vehicles, is a BMW Team Ambassador.

* Shunji Tanaka, a key designer of the iconic Mazda Miata, has died. He was 75. Tanaka led the exterior and inside structure of the Mazda MX-5 Miata, a lightweight Japanese roadster influenced by postwar-period British sporting activities cars and trucks. The vehicle went on sale in the U.S. in May well 1989 with a commencing price of $13,800 and a 1.6-liter 4-cylinder motor with 116 hp.

Satisfied Xmas!

Remain harmless. Be Well.

Coronavirus news and updates for Monday, December 27, 2021

The latest coronavirus news from Canada and around the world Monday. This file will be updated throughout the day. Web links to longer stories if available.

9:55 p.m.: Australia’s Victoria and Queensland states reported record levels of new daily coronavirus infections on Tuesday as pressure on testing centers prompted calls for wider use of rapid antigen tests.

Queensland state reported 1,158 cases, the first time the state has seen more than 1,000 cases in a day, but hospitalizations remained low. The state has more than 4,000 active cases of which 257 are reported to be the omicron variant.

State Health Minister Yvette D’Ath announced Tuesday that travelers from out of state no longer will have to have a PCR test five days after arrival. D’Ath said of the tens of thousands who had crossed the state’s borders recently, only 0.6 percent had tested positive on day five.

“Anyone who is waiting in lines now for the day five test . . . will not be required to get day five tests from now,” she said. “We thank everyone for doing the right thing. We have made sure we’ve done this in a safe and responsible way but from now, that no longer applies.”

Victoria state reported 2,738 new cases Tuesday, beating the previous state record of 2,297 cases in mid-October.

Australia’s most-populous state, New South Wales, saw a slight fall in case numbers but that corresponded with fewer tests around Christmas Day. The state reported 6,062 new infections Tuesday, down from 6,324 a day earlier.

New South Wales Heath Minister Brad Hazzard said the requirement for travelers to Queensland to have a negative PCR test 72 hours before departure was putting unnecessary strain on testing facilities. He said in enforcing the requirement, Queensland Premier Annastacia Palaszczuk was “perverting the purposes of pathology testing.”

“If Queensland thinks people are arriving free of COVID, that’s not necessarily true,” Hazzard said. “These tests have been done three or four days before arriving. It’s counterproductive.

“This rule is contributing to the breakdown of the biggest pathology system in the country. We are not getting the turnaround times we need.”

Long lines were reported at testing centers around Sydney on Tuesday.

Australian federal Treasurer Josh Frydenberg has called for rapid antigen tests to replace PCR tests for most interstate travelers, to relieve pressure on testing centers.

“Using that rapid antigen test ahead of interstate travel is a better approach than the more expensive and time consuming PCR test,” Frydenberg told the ABC. “I think that’s a sensible balance recognizing that people want some level of surety about their health status before they travel.

“But at the same time they want to avoid the long queues and long waiting times coming with the PCR tests.”

9:20 p.m.: Visitor restrictions are being implemented at a couple hospitals in Nova Scotia in an effort to contain the spread of COVID-19.

Nova Scotia Health says in a release the restrictions at Glace Bay Hospital and Inverness Consolidated Memorial Hospital took effect Monday, as the province recorded 581 new cases of COVID-19.

At Glace Bay Hospital, it says inpatients can have one consistent visitor.

At Inverness Consolidated Memorial Hospital, inpatients can no longer receive visitors.

At both hospitals, one designated support person is allowed to visit per day for certain patients such as those in palliative care, patients nearing end of life and outpatients, including those arriving at the hospital for procedures who need support due to physical, intellectual, cognitive and emotional conditions.

Nova Scotia Health says these decisions are “being made to control and contain the spread of COVID-19, keep COVID-19 out of hospitals, and keep patients, health care workers, and all Nova Scotians safe.”

It notes that the restrictions will remain in place at both hospitals until Jan. 3.

Also on Monday, Nova Scotia health authorities reported an outbreak at the Halifax Infirmary site of the Queen Elizabeth II Health Sciences Centre, noting that fewer than five patients were “impacted.”

9:00 p.m.: Flight cancellations that disrupted holiday travel stretched into Monday as airlines called off more than 1,000 U.S. flights because crews were sick with COVID-19 during one of the year’s busiest travel periods, and storm fronts added to the havoc.

Flight delays and cancellations tied to staffing shortages have been common this year. Airlines encouraged workers to quit in 2020, when air travel collapsed, and carriers have struggled to make up ground this year, when air travel rebounded faster than almost anyone had expected. The arrival of the omicron variant only exacerbated the problem.

“During the pandemic, we have seen experienced airline personnel leave the industry and not return across the globe,” said John Grant, senior analyst at travel industry research firm OAG. “Filling those skill gaps was already a challenge in the recovery before the latest variant.”

Read the full story here: Omicron and bad weather disrupt U.S. flights for fourth day in a row

8:25 p.m.: Award-winning musical “Come From Away” has permanently shut down its Toronto production as the number of Omicron cases skyrocket in the city.

In a press release Monday evening, Mirvish announced that after 855 performances, the Canadian musical has ended its run at the Royal Alexandra Theatre as of Wednesday Dec. 22.

“Despite our best efforts, within a week of reopening an outbreak in the backstage company forced us to cancel four performances, with the hope that we would resume on December 28,” David Mirvish said in the release.

“But during this short break, it became bluntly apparent that it would be impossible to continue when this incredibly contagious variant has sent case numbers soaring.”

Read the full story here: ‘Come From Away’ permanently shuts down in Toronto after 855 performances, says it’s ‘impossible to continue’

7:45 p.m.: Despite the wintry weather, a lineup snaked along Dundas Street East on Monday as hundreds waited to get their COVID-19 booster vaccines inside Filmore’s strip bar before dancers took the stage.

Recorded music played as people doffed their outerwear and rolled up their sleeves to receive either a Moderna or Pfizer booster shot at makeshift vaccine stations. The main stage inside “Toronto’s party place” was converted into an after-care area.

The low-barrier, pop-up vaccine clinic, the result of a partnership between sex work advocacy organization Maggie’s, Filmore’s Gentleman’s Club and University Health Network, targeted marginalized people who face difficulties accessing vaccines.

Another such clinic will run next Monday between 10 a.m. and 6 p.m. at the Zanzibar on Yonge Street.

Read the full story here: Toronto strip club offers COVID boosters to marginalized residents

7:17 p.m.: British Columbia health officials reported 6,288 COVID-19 cases for a three-day period.

A news release Monday says the case numbers are “preliminary.”

Officials say hospitalization, death and vaccination numbers related to COVID-19 will be given Wednesday.

They say there were 2,552 cases on Christmas Eve, 2,023 on Christmas Day and 1,713 on Boxing Day.

Health experts have said COVID-19 case numbers are likely to be higher than reported because several hospitals and sites have reached testing limits.

Provincial health officer, Dr. Bonnie Henry had said testing sites across B.C. were seeing long lines and waits, and urged people not to get tested unless they needed to.

7:00 p.m.: U.S. health officials on Monday cut isolation restrictions for Americans who catch the coronavirus from 10 to five days, and similarly shortened the time that close contacts need to quarantine.

Centers for Disease Control and Prevention officials said the guidance is in keeping with growing evidence that people with the coronavirus are most infectious in the two days before and three days after symptoms develop.

The decision also was driven by a recent surge in COVID-19 cases, propelled by the Omicron variant.

Read the full story here: U.S. officials recommend shorter COVID isolation, quarantine

6:00 p.m.: Grade 10 student Elena Rinne can’t help but look at the new daily COVID-19 case counts hovering around 10,000 and worry.

She’s worried about going back to school next week, and having to eat lunch with 200 other students in an enclosed cafeteria.

She’s worried about the lack of safety protocols and social distancing at her school, where some of her peers and teachers are unvaccinated, and students often flout masking requirements.

But she’s also worried about the possibility of schools being shut down, and the impacts that could have on the mental health of her classmates and on her friends “who are not safe at home and need school as an escape.”

For Rinne, it feels like early 2020 all over again.

Read the full story here: Back to school in Ontario? Rising case counts make some hesitate but others say in-person learning is needed

5:00 p.m.: Prince Edward Island is reporting 156 new cases of COVID-19 over the holiday break.

Chief medical officer Dr. Heather Morrison says health officials confirmed 52 cases on Friday, five cases on Saturday and 99 cases on Sunday.

The newest cases are all under investigation and contact tracing is underway.

Officials reported 43 new recoveries Monday, bringing the active infection count to 309.

Officials say public exposure and flight exposure notifications will be paused due to widespread community transmission of the disease.

Island residents are now urged to assume all public spaces are potential exposure sites.

4:17 p.m.: New Brunswick is set to tighten restrictions to stem the surge of COVID-19 cases driven by the highly transmissible Omicron variant.

Officials say the restrictions will include a 50 per cent capacity limit on restaurants, stores, bars, gyms and other establishments starting Monday at 11:59 p.m.

They say capacity limits will also be placed on public gatherings and faith venues, which takes the province back to Level 2 of its winter plan.

Officials reported 639 new cases of COVID-19 over the holidays and four deaths.

They say 309 of the new cases were reported on Saturday, 179 on Sunday and 151 on Monday.

Officials say 35 people were in hospital due to COVID-19, including 14 in intensive care.

4:00 p.m.: Manitoba health officials reported eight new COVID-19 related deaths and 2,154 cases for a three-day period since Christmas Eve.

A news release from the province Monday says that about 75 per cent of all COVID-19 cases in Manitoba are now suspected to be the Omicron variant.

It says it will now screen only “certain samples” for Omicron and case numbers for the variant will not be given.

The province reported 785 cases on Christmas Day, 694 on Boxing Day and 675 on Monday.

Health experts have said that there may be more cases than reported because a number of sites and hospitals have reached testing limits.

The province says updated vaccine data is expected to be available Wednesday.

3:30 p.m.: Newfoundland and Labrador has reached record breaking single-day case counts of COVID-19 as officials report over 300 new infections discovered over the holidays.

Provincial health officials say a total of 357 infections have been confirmed in the last three days.

They say 89 cases were confirmed on Saturday, 135 cases Sunday and 133 cases were discovered Monday.

Previously, the highest single-day case count was 100 reported on Dec. 23.

There is currently one person in hospital due to the disease.

The province now has 677 active cases of COVID-19, which breaks the record set on Feb. 20 of 434 active infections.

1:28 p.m.: Thousands of flights were canceled Monday, continuing an ugly weekend for holiday travel.

Of more than 2,500 planes grounded globally as of noon Eastern time Monday, almost 1,000 were within, into or out of the United States, according to Flight Aware. Since Friday, more than 4,000 flights within the U.S. have been canceled.

The familiar explanation is bad weather, particularly in the Western U.S. where winter storms have shut down roadways and airways.

The National Weather Service warned Monday of “significant snowfall” along the West Coast mountain ranges and a pair of storm systems that will bring snow and “an icy wintry mix” to the Upper Midwest, Great Lakes and Northeast.

“Travel delays due to icy conditions are possible in these regions, both on the ground and in the air,” forecasters said.

And in a more common refrain for 2021, omicron has wreaked havoc on the airlines as well, with hundreds of flights being canceled due to crew members calling out sick with COVID-19.

12:15 p.m.: Quebec’s health minister is asking everyone to limit their contact with others after the number of people hospitalized with COVID-19 rose by 141 over a four-day period.

Christian Dubé reported on Twitter Monday that 320 people were admitted to hospital while 179 were released between Dec. 22 and 26.

Health authorities reported 8,231 new COVID-19 cases and 10 deaths over the last 24 hours.

Experts have said that many public health units have reached their testing capacity, which means that the number of cases may be higher.

Meanwhile, Quebecers between 60 and 64 who got a second dose of the COVID-19 vaccine became eligible for a third shot starting Monday.

Premier François Legault, who is 64, is scheduled to receive his third dose at a Montreal vaccine clinic later in the day.

11:34 a.m.: Nova Scotia health authorities say there is a COVID-19 outbreak at a Halifax hospital.

They said today in a statement that the outbreak is at the Halifax Infirmary site of the Queen Elizabeth II Health Sciences Centre.

They did not give details on how many patients have tested positive but said fewer than five have been “impacted.”

They say everyone is being monitored and infection prevention and control measures are being put in place.

Authorities are also reporting 581 new cases of COVID-19.

Of the new infections reported Monday, authorities say 420 cases are in Central Zone.

10:25 a.m.: Ontario is reporting 9,418 new cases of COVID-19 on Monday.

There are 480 people hospitalized with the virus and 176 people are in ICU due to COVID-19. The seven-day rolling average of COVID-19 related patients in ICU is 168.

In Ontario, 26,494,532 vaccine doses have been administered, with over 45,000 doses administered on Boxing Day. Additionally, 90.7 per cent of Ontarians aged 12+ have had one dose and 88.0 per cent have had two doses.

7:47 a.m.: Israel has begun trials of a fourth dose of coronavirus vaccine in what is believed to be the first study of its kind.

The trial began at Sheba Medical Center, outside Tel Aviv, with 150 medical personnel who received a booster dose in August receiving a fourth shot of the Pfizer-BioNTech vaccine. The staff receiving the additional dose were tested and found to have low antibody levels.

The trial came as Israeli officials have considered rolling out a second tranche of booster shots to its population as the country grapples with rising infections with the new omicron variant.

Prof. Jacob Lavee, former director of the heart transplant unit at Sheba, said “hopefully, we’ll be able to show here… that this fourth booster really provides protection against the omicron, which is highly needed.”

Monday 7:45 a.m.: Australia’s New South Wales state reported more than 6,000 new COVID-19 cases on Monday and confirmed its first death from the omicron variant.

The fatal case was identified as a man in his 80s who was infected at an aged care facility in western Sydney. He was fully vaccinated but had underlying health conditions.

New South Wales, the country’s most populous state, reported 6,324 new infections Monday, a fall of 70 from the record number a day before. There were 524 people in hospitals, including 55 in intensive care.

New measures came into force in New South Wales on Monday, including limits of one person per 2 square meters (22 square feet) in bars and restaurants and required “check-ins” with QR codes in hospitality venues.

Health Minister Brad Hazzard said the state government is considering lifting the requirement for health workers to isolate after being exposed to COVID-19 because of staff shortages.

Read Sunday’s coronavirus news.

Top Stock Market News For Today December 17

Stock Market Futures Extend Losses As Central Bank Tightens Monetary Policies

Stock market futures appear to be dipping further after yesterday’s sell-off of growth names. The current activity is likely a continuation of investors’ reaction to the Fed’s policy announcement this week. In brief, the Federal Reserve is pulling back on its pandemic-era easy-money policies. This involves tapering its bond purchasing program and a possible interest rate hike down the line. As a result, investors appear to be rotating out of high-growth names. Among the main sectors affected by this would be tech stocks. This is evident as the tech-heavy Nasdaq was down by as much as 2.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} during intraday trading yesterday.

Weighing in on all of this is FS Investments chief market strategist Troy Gayeski. He said, “The thing investors have to understand is, we’re going through a major transition in monetary policy”. Gayeski went on to elaborate, “The Fed has been running emergency policies arguably far longer than they should have been, and as that money supply growth slows down as they ease off the balance sheet expansion and ultimately hike next year, one would at least expect more volatility in markets. And that’s really what we’ve been seeing the last month.”

If all that wasn’t enough, investors have no shortage of exciting stock market news to consider today as well. As of 7:38 a.m. ET, the Dow, S&P 500, and Nasdaq futures are trading lower by 0.25{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, 0.47{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, and 0.94{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} respectively.

Rivian Shares Fall On Wide Earnings Miss

Among the companies turning heads at the tail-end of this earnings season is electric vehicle (EV) industry newcomer Rivian (NASDAQ: RIVN). This would be the case given the company’s explosive initial public offering (IPO) back in early November. However, the company’s first quarterly earnings since going public fell short on several fronts.

RIVN stock

Namely, Rivian posted a loss per share of $12.21 on revenue of about $1 million from its first customer deliveries of 11 R1T EVs. On one hand, the company missed consensus earnings estimates by $5.53 and revenue projections by $0.03 million. As a result, the company’s shares are sliding by over 9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in pre-market trading, placing RIVN stock below the $100 mark.

By and large, the numbers may not seem all that inviting at face value. However, a loss is expected given the company’s current focus on expanding its operations. After all, it is looking to compete with major names in the industry that already have substantial head-starts. In fact, Rivian also revealed plans to build its second U.S. production plant. The company is looking to begin construction by the summer of 2022. By Rivian’s estimates, it will have an annual production capacity of about 400,000 units. On top of that, the company also notes that it currently has over 71 thousand pre-orders for its EVs. Regardless of where you stand on Rivian’s prospects, RIVN stock will likely be in focus in the stock market today.

[Read More] Best Lithium Battery Stocks To Buy Now? 4 To Know

FedEx Back On Track To Deliver On Original Fiscal Year 2022 Profit Goals

In other earnings-related news, FedEx (NYSE: FDX) posted solid figures in its latest quarterly earnings release after yesterday’s closing bell. In detail, the company reported an earnings per share of $4.83 on revenue of $23.5 billion for the quarter. For comparison, this is versus estimates of $4.28 and $22.4 billion respectively.

FDX stock

Providing an overview of the quarter is executive VP and CFO Michael Lenz. Lenz said, “FedEx operating income grew in our second quarter, driven by strong revenue growth and effective management of our cost and expected labor availability challenges.” While the company’s earnings per share were unchanged year-over-year, he also notes that FedEx paid “significantly higher” taxes this year.

Notably, a key highlight of the company’s earnings call would be the update to its fiscal 2022 profit outlook. Thanks to the current momentum in its business, FedEx is reinstating its initial estimates after lowering them in September. For the fiscal year, the company is now expecting an annual earnings per share between $20.50 to $21.50. At the same time, FedEx also announced a $5 billion share repurchase program as well. With FedEx seemingly kicking into high gear across the board, I could see investors watching FDX stock now.

[Read More] Best Copper Mining Stocks To Buy In 2021? 4 To Watch This Week

Goldman Sachs Sees ‘Solid Demand’ For Apple’s iPhones In China

Elsewhere, Apple (NASDAQ: AAPL) received a positive update from analysts over at Goldman Sachs (NYSE: GS). In essence, the firm recently highlighted Apple’s improving iPhone supply in general. According to analyst Rod Hall, this is evident from better lead times for iPhones across “all major geographies”. He added that 13 weeks since launching, lead times for the iPhone 13 Pro models are down by 6 to 7 days in the U.K. In China, lead times also improved by 8 days. Not to mention, Hall also highlights that there is “solid demand” in China while Europe is seeing “slightly weaker” demand.

best tech stocks (AAPL stock)

That’s not all, the analyst also pointed out that there is a notable increase in Macbook orders in China, the U.S., and part of Europe. Hall argued that this could be “suggesting supply is not keeping up with the demand”.

Across the board, it seems that Apple’s vast array of cutting-edge tech remains in demand this holiday season. With consumers looking to spend their saved-up discretionary funds, this comes as no surprise. As such, AAPL stock could be a top stock to watch for some investors now, even as it trades around record levels.

Churchill SPAC Looking To Bring India’s Byju Via $48 Billion Deal

Churchill Capital VII (NYSE: CVII), a special purpose acquisition company (SPAC), is making waves in the stock market as well. Accordingly, this would be thanks to news about its plans to take Indian online education company Byju public. According to Bloomberg, should things go as planned, the company would have a valuation of about $48 billion. Given the sheer scale of the deal, it is no wonder that some consider Byju among India’s most valuable startups.

Overall, the report suggests that among all the SPAC partners Byju has talked to, Churchill Capital has “made the most progress” yet. In terms of the timeline, a deal could potentially be set as soon as next month. For the uninitiated, Churchill Capital brought EV firm Lucid Group (NASDAQ: LCID) public earlier this year. Given the generally positive reception to LCID stock, investors could be keeping CVII stock in view now.


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Coronavirus daily news updates, December 4: What to know today about COVID-19 in the Seattle area, Washington state and the world

Editor’s note: This is a live account of COVID-19 updates from Saturday, Dec. 4, as the day unfolded. It is no longer being updated. Click here to see all the most recent news about the pandemic, and click here to find additional resources.

Health and safety measures aimed at protecting communities against the delta variant should remain as the foundation for fighting the pandemic, World Health Organization officials said Friday. The announcement came as dozens of countries continue to report cases of the mutated omicron variant.

The variant appears to be three times more likely to cause reinfection in a person than the delta and beta variants, an aspect that may shed light on how the variant quickly spread across the globe, according to a preliminary study from South African scientists, which is yet to be peer-reviewed.

Though it’s still not known how much protection current COVID-19 vaccines provide against the new variant, scientists say the vaccines still offer the most protection against severe illness and possible death.

As countries grapple with increased COVID-19 cases and uncertainties over the omicron variant, the outgoing Czech government announced it will issue a vaccine mandate for people 60 and over as well as some professional groups. Though the plan is in motion, it’s still unclear whether the succeeding health minister will enforce the mandate.

Click here to see previous days’ live updates and all our other coronavirus coverage, and here to see how we track the daily spread across Washington.



Omicron variant found in Washington state

Washington state health authorities Saturday confirmed three cases of the omicron variant of the coronavirus have been found in Thurston, Pierce and King counties.

The patients, two men and one woman, range in age from 20 to 39, according to the Washington State Department of Health. At least one of the three infected, a King County woman in her 20s, was vaccinated.

In a media briefing Saturday, state health officials said the emergence of the omicron variant is a cause for concern but not panic.

Little is yet known about the severity of illness it causes or about the efficacy of the vaccines against it. However, it is expected to spread much faster than other variants.

While scientists figure that out, which the officials said will take “weeks, not days,” they urged the community to adhere to the now standard COVID protection protocols: get vaccinated and get a booster shot when eligible; wear good-quality masks at indoor gatherings and at crowded outdoor venues; wash hands frequently; and stay home and away from others if you have symptoms. 

Read more here.

—Dominic Gates, Seattle Times


U.S. colleges prepare for unknowns with omicron variant

Officials at U.S. colleges, already bracing for a potential rise in coronavirus cases when students returned to campus after Thanksgiving break, are worried about the impact of the new omicron variant, with its troubling mutations and a host of unknowns.

School leaders are wondering what will happen with the variant over the coming winter break – and how that might affect the spring semester.

For now, most schools are sticking with the virus mitigation rules and strategies they have in place, but ramping up reminders about testing, vaccination and other safety measures. And they are monitoring the situation closely, ready to pivot to more stringent rules if needed when students return after winter break.

Read the story here.

—Susan Svrluga, The Washington Post


Study: Black, Asian Britons have higher COVID-19 death rates

A report commissioned by the U.K. government concluded that almost two years into the pandemic, Black people and members of other racial and ethnic minorities in Britain are still dying with the coronavirus at higher rates than white residents.

The likely cause is thought to be lower vaccination rates among those minority populations.

Read the story here.

—Jill Lawless, The Associated Press


Italian dentist presents fake arm for vaccine to get pass

MILAN — A dentist in Italy faces possible criminal charges after trying to receive a coronavirus vaccine in a fake arm made of silicone. 

A nurse in the northern city of Biella, Filippa Bua, said she could tell right away that something was off when a man presented the phony limb for a shot on Thursday.

“When I uncovered the arm, I felt skin that was cold and gummy, and the color was too light,’’ Bua told Italian newspaper Corriere della Sera.

Read the story here.

—The Associated Press


More omicron detected as hospitals strain under virus surge

A person takes COVID-19 test at mobile testing site near Grand Central Terminal on Friday, Dec. 3, 2021, in New York. The omicron variant of COVID-19, which had been undetected in the U.S. before the middle of this week, had been discovered in at least five states by the end of Thursday, showing yet again how mutations of the virus can circumnavigate the globe with speed and ease.(AP Photo/Yuki Iwamura)


New York announced three more cases of the omicron variant of the coronavirus Saturday, bringing the number of state cases linked to the new variant to eight. 

“The omicron variant is here, and as anticipated we are seeing the beginning of community spread,” state Health Commissioner Mary Bassett said in a news release.

The number of states finding the variant is growing as well, with authorities in New Jersey, Georgia, Pennsylvania and Maryland reporting their first confirmed cases Friday, and Missouri reporting its first presumed case.

Read the story here.

—Carolyn Thompson, The Associated Press


Anti-lockdown protesters march through Dutch city of Utrecht

UTRECHT, Netherlands — Thousands of people marched peacefully through the Dutch city of Utrecht on Saturday to protest the government’s coronavirus lockdown measures.

Holding balloons, umbrellas and banners, including ones that said: “It’s not right,” protesters watched by a large police presence moved from a park into the city center without incident. 

Siebke Koopman said he was demonstrating against more than just the Dutch government’s COVID-19 restrictions.

Read the story here.

—Aleksandar Furtula, The Associated Press


Chile reports first case of omicron variant of coronavirus

SANTIAGO, Chile — Chile on Saturday reported its first case of the omicron variant of the coronavirus.

A foreign national residing in Chile returned from Ghana on Nov. 25 and tested positive in a PCR test at the Santiago airport, according to authorities.

Read the story here.

—The Associated Press


US drugstores squeezed by vaccine demand, staff shortages

A sign is posted outside a CVS pharmacy Thursday in Indianapolis. A rush of vaccine-seeking customers and staff shortages are squeezing drugstores around the country. That has led to frazzled workers and even temporary pharmacy closures. (AP Photo/Tom Murphy)


A rush of vaccine-seeking customers and staff shortages are squeezing drugstores around the U.S., leading to frazzled workers and temporary pharmacy closures.

Drugstores are normally busy this time of year with flu shots and other vaccines, but now pharmacists are doling out a growing number of COVID-19 shots and giving coronavirus tests.

The push for shots is expected to grow more intense as President Joe Biden urges vaccinated Americans to get booster shots to combat the emerging omicron variant. 

Read the story here.

—Tom Murphy, The Associated Press


Resurgence in business travel expected as companies tire of Zoom, but omicron variant complicates outlook

Travelers walk between terminals at O’Hare International Airport on Nov. 28, 2021, after the Thanksgiving weekend. (Brian Cassella/Chicago Tribune/TNS) (Brian Cassella / TNS)


Many road warriors’ suitcases and passports have been gathering dust since the COVID-19 pandemic brought business travel to a halt.

That’s not the case at Chicago-based Devbridge, which hosted an all-hands event in Lithuania earlier this year and brought teams from Toronto, London and Lithuania to its Chicago office last month to workshop new products with clients.

Read the story here.

—Lauren Zumbach, Chicago Tribune


Police get complaints over U.K. leader’s festive parties

LONDON — Britain’s opposition Labour Party has raised complaints to police about Christmas parties held by Prime Minister Boris Johnson’s staff in his office last year in breach of coronavirus restrictions. 

The reports surfaced as many in the U.K. and elsewhere are increasingly concerned about festive parties and socializing over Christmas this year amid the spread of the new omicron variant.

Read the story here.

—The Associated Press


COVID kills a leading anti-vaccine televangelist; evangelicals don’t want to talk about it

When famed televangelist Marcus Lamb died this week at 64 after contracting COVID-19, a who’s who of conservative Christian leaders sent out regrets. Evangelist Franklin Graham said Lamb is now “experiencing heaven.” National Hispanic Christian Leadership Conference head Samuel Rodriguez called him a “faithful follower of Jesus … with a heart for the lost and broken.”

Absent was a painful truth: Lamb had led his global Christian network, Daystar, for months in spreading inaccurate information about coronavirus vaccines and instead promoting treatments that are not proven remedies. The vaccines, a May segment on Daystar said, falsely, are “killing your immune system.”

Read the story here.

— Michelle Boorstein, The Washington Post


Cognitive rehab: One patient’s painstaking path through long COVID-19 therapy

Samantha Lewis works to improve her balance during a therapy session at the Shirley Ryan AbilityLab in Burr Ridge, Ill., Oct. 8, 2021. Lewis is relearning some basic aspects of her daily life after struggling with brain fog and other lingering symptoms for more than a year since being infected with COVID-19. (Alex Wroblewski/The New York Times) XNYT101 XNYT101


AURORA, Ill. — There is sobering evidence of Samantha Lewis’ struggle with long COVID-19 on her bathroom mirror.

Above the sink, she has posted an index card scrawled with nine steps reminding her how to brush her teeth. It is one of many strategies Lewis, 34, has learned from “cognitive rehab,” an intensive therapy program for COVID-19 survivors whose lives have been upended by problems like brain fog, memory lapses, dizziness and debilitating fatigue.

Read the story here.

—Pam Belluck, The New York Times


Merkel: Virus death toll ‘so bitter because it is avoidable’

German Chancellor Angela Merkel waves goodbye at the Defence Ministry during the Grand Tattoo (Grosser Zapfenstreich), a ceremonial send-off for her in Berlin on December 2, 2021. (Odd Andersen/Pool Photo via AP)


BERLIN — Outgoing Chancellor Angela Merkel on Saturday made what is likely her final appeal before leaving office next week for Germans to get vaccinated against COVID-19.

Merkel gave what is expected to be her last weekly video message two days after federal and state leaders decided on a series of measures meant to break a wave of coronavirus infections. 

The measures include excluding unvaccinated people across the country from nonessential stores, restaurants and sports and cultural venues. In a longer-term move, parliament will consider a general vaccine mandate.

Read the story here.

—The Associated Press


FDA authorizes Eli Lilly antibody treatment for high-risk young children

The Eli Lilly headquarters  in Indianapolis in 2006. (AP Photo/Darron Cummings, File)


The Food and Drug Administration on Friday authorized Eli Lilly’s monoclonal antibody treatment for infants and children under age 12 with COVID-19 who are at high risk of becoming severely ill from the virus because they have a condition such as obesity or diabetes.

Previously, high-risk COVID patients 12 or older had been eligible to get the drugs, which are typically administered intravenously at a clinic or hospital and have been shown to lower the risk of hospitalization and death.

Read the story here.

—Rebecca Robbins, The New York Times


Over 129K WA kids ages 5–11 receive first COVID vaccine dose

Andre Mattus, a nurse at the University of Washington Medical Center, gives the first shot of the Pfizer COVID-19 vaccine to Amar Gunderson, 6 1/2, last month, in Seattle. (Ted S. Warren / AP)


OLYMPIA — More than 129,000 children ages 5 through 11 in Washington state have received their first dose of the Pfizer-BioNTech pediatric vaccine since eligibility expanded to include younger kids on Nov. 3, health officials said this week. 

“While COVID-19 is often milder in children than adults, children can still get very sick and spread the disease to family and friends, which is an even bigger concern as people gather this holiday season,” Secretary of Health Dr. Umair A. Shah said Thursday. “As a father, knowing our children are vaccinated helps me breathe a sigh of relief.”

Read the story here.

—The Associated Press


UW men’s basketball game vs. No. 5 UCLA canceled due to COVID-19

The Washington Huskies line up for the playing of the national anthem before, Nov. 9, 2021, in Seattle. (Jennifer Buchanan / The Seattle Times)


The Washington men’s basketball team will suffer its first Pac-12 defeat due to COVID-19 developments within the program.

The Huskies are unable to host No. 5-ranked UCLA on Sunday at Alaska Airlines Arena and will forfeit the game in accordance to Pac-12 guidelines.

Washington has seven players and coaches in COVID-19 protocols, according to a Los Angeles Times report that cited an anonymous source.

Read the story here.

—Percy Allen


So far, Washington workers pushed out over vaccine mandates aren’t losing jobless benefits

Boeing workers protest against the jet-maker’s vaccine requirement in Everett in October. (Dominic Gates / The Seattle Times)


In August, when Gov. Jay Inslee ordered state employees, health care workers and others to get vaccinated against COVID-19 by Oct. 18, officials issued a stern warning: If you quit or get fired for refusing a jab, don’t expect unemployment benefits. 

But nearly two months after the vaccination deadline, it’s unclear just how much vaccine-hesitant workers have to worry about. 

Although thousands of workers in Washington likely have quit or been fired over government and private vaccine mandates — including nearly 2,000 state employees as of Nov. 15, according to state data — just 26 mandate-related claims for jobless benefits had been flagged for review by the state Employment Security Department as of Friday. Although the review process isn’t complete, ESD officials don’t believe that any of those claims have been denied.

Read the story here.

—Paul Roberts