+ 1.32
+ 0.37%
+ 1.12
+ 1.22%
+ 0.26
+ 0.14%

Coronavirus Outbreak Live Updates

Author Image
April 7, 2020 10:55 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Keep up to date by checking this live blog every day for major updates related to COVID-19 and its impact on the world economy, U.S. markets and the health of the global population.

All times are in Eastern Daylight Time.

Latest Coronavirus News

Apr 2, 12:15 pm

NFL Team Using Plane To Fly 1.2M N95 Masks From China

Apr 1, 1:51 pm

Russia Considers Coronavirus Emergency, Launches Tracking App

Russia is considering a state of emergency declaration over the coronavirus outbreak, according to Reuters, which would allow the government to be tougher on enforcement. Reuters also reported that Putin’s government launched an app to track people who are supposed to be in quarantine.

Apr 1, 12:56 pm

Pennsylvania Governor Places All Of State Under Stay-At-Home Order

Apr 1, 12:00 pm

Florida Governor Orders Residents To Stay Home

Governor Ron DeSantis changed his mind after weeks of keeping businesses and beaches open amid a growing pandemic.

Mar 30, 10:57 am

Maryland Governor Larry Hogan Issues 'Stay-At-Home' Order

Mar 30, 9:48 am

Justice Department To Review Stock Trades By Lawmakers

According to CNN, the Justice Department is looking into the timing of several stock transactions from several lawmakers, including Richard Burr and Dianne Feinstein.

Mar 27, 7:15 am

UK Prime Minister Boris Johnson Tests Positive For COVID-19

Mar 25, 10:33 pm

IMF, World Bank Asks Governments To Put Hold On Debt Payments From World's Poorest Nations

International Monetary Fund and World Bank have asked governments to put a hold on debt payments from the world’s poorest nations supporting their battle against COVID-19.

Mar 25, 3:33 pm

Ten Amazon Workers Test Positive For COVID-19

The U.S. coronavirus outbreak has spread to at least ten Amazon warehouses, infecting workers racing to deliver massive volumes of packages for consumers leery of leaving their homes to shop.

Mar 25, 11:44 am

Thousands Of 15-Minute Home Tests To Be Delivered By Amazon

Thousands of 15-minute home tests for coronavirus will be delivered by Amazon to people self-isolating with symptoms or will go on sale on the high street within days, according to Public Health England (PHE), in a move that could restore many people’s lives to a semblance of pre-lockdown normality.

Mar 25, 11:00 am

Prince Charles Tests Positive For COVID-19

Britain’s Prince Charles, the Prince of Wales, tested positive for the coronavirus on Wednesday. In a statement Clarence House announced Prince Charles has tested positive for novel coronavirus. Camilla, the Duchess of Cornwall, has also been tested but does not have the virus. The couple are now self-isolating. It’s reported his last public engagement was on March 12.

Mar 24, 3:35 pm

YouTube Will Lower Video Quality To Lessen Strain On Internet Networks

Videos on YouTube will now default to standard definition for all users worldwide, a step down from the typical high definition that users normally see. The move is aimed at easing the burden on internet infrastructure as lockdowns and other emergency policies have kept millions at home.

Mar 24, 11:24 am

Thousands Of Students Stranded Across UK

Thousands of students are stranded in universities across the U.K. as a result of the coronavirus pandemic, prompting calls for support from vice-chancellors. Among them are international students from all over the world who have been unable to get flights home, and UK students who are stuck because they have no other home to go to, either because they are care leavers or are estranged from their families.

Mar 23, 2:47 pm

2020 Tokyo Olympics Postponed To 2021

The 2020 Tokyo Olympics will have to wait. According to USA Today, the Summer Games have become the latest major sporting event to be postponed/canceled as a result of the global COVID-19 outbreak. International Olympic Committee member Dick Pound told USA Today that the games will likely be pushed to 2021, and that a plan will be put in place on how to proceed in the next four weeks.

Mar 23, 2:22 pm

Airbus Announces 15B Euro Credit Facility

On Monday, Airbus announced a €15 billion credit facility to strengthen its liquidity access amid the pandemic’s impact on the global aerospace industry. To protect the future of the company, the aircraft manufacturer added that it would pull out its 2019 dividend proposal with a total cash value of almost €1.4 billion.

Mar 23, 1:15 pm

Surgeon General Says 'This Week, It's Going To Get Bad'

“I want America to understand — this week, it’s going to get bad,” US Surgeon General Jerome Adams told NBC’s “Today” show Monday. “We really, really need everyone to stay at home. I think that there are a lot of people who are doing the right things, but … we’re finding out a lot of people think this can’t happen to them.”

Mar 23, 11:30 am

More Than 1.5B People Worldwide Asked To Stay Home

The hunt for masks, ventilators and other medical supplies consumed the U.S. and Europe, as more than 1.5 billion people — one-fifth of the world’s population — were asked or ordered to stay home on Monday to try to blunt the spread of the coronavirus. Political paralysis stalled efforts for a quick aid package from Congress, and U.S. stocks fell at the opening bell even after the Federal Reserve said it will buy as much government debt as necessary and lend to small and large businesses and local governments to help them cope with the economic damage from the outbreak.

Mar 23, 4:00 am

Coronavirus Outbreak Could Cost German Economy Up To 729B Euro

According to the data from Germany’s influential Information and Forschung research, the outburst of coronavirus could cost the economy from €255 to €729 billion in the year 2020.

Mar 23, 2:50 am

Norway Announces UN To Create Funding To Support Coronavirus Patients Worldwide

Norway’s foreign ministry announced on Monday that the United Nations would be creating a fund to support the treatment of coronavirus patients worldwide. The Fund will support developing countries with weak health systems and also handle the long-term consequences.

Mar 23, 1:55 am

South Korea Auto Industry To Get Government Support

The South Korea auto industry, which employs almost 12% of the country’s workforce, will be supported by the government amid the outbreak of the coronavirus. It would provide logistical and financial support, speed up customs clearance, arrange freight transportation, and liquidity support.

Mar 22, 10:19 pm

Japanese PM Considers Postponing Summer Olympics

Japanese Prime Minister Shinzo Abe indicated for the first time on Monday that he may consider postponing the Summer Olympics 2020 from its earlier scheduled date of July 24. The announcement comes amid many countries and athletes seeking for the games to be postponed.

Mar 22, 10:11 pm

Canada Withdraws Athletes From Olympics, Paralympics

Canada is the first country to withdraw its athletes from the Olympic and Paralympic Games scheduled for the summer of 2020. Amid the rising coronavirus fears, unless the games are postponed, the country would not send their athletes, The Canadian Olympic Committee said.

Mar 22, 9:47 pm

Government Activates National Guard To Aid New York, California, Washington

The Federal government has activated the National Guard to aid the three worst-hit states in the U.S. – New York, California, and Washington, against the COVID-19 impact, President Donald Trump announced.

Mar 22, 8:59 pm

Morgan Stanley Estimates Record 30.1% Drop In Q2 GDP

Led by the deep impact of the coronavirus epidemic, a record 30.1% drop is expected in the U.S. gross domestic product in the second quarter, as estimated by Morgan Stanley economists.

Mar 22, 6:51 pm

S&P Futures Hit Limit-Down; DJIA Futures Down 5.01%

Mar 22, 4:08 pm

$1T Stimulus Bill Fails Procedural Vote In Senate

Democrats had objected to the bill’s provisions, with CNBC reporting that Senate Minority Leader Chuck Schumer said the legislation had “many, many problems” and benefited corporations more than hospitals, health care workers, cities and states. 

Mar 22, 3:18 pm

Bullard: US Unemployment Could Reach 30% In Q2

The U.S. unemployment rate could reach 30% in the second quarter and the gross domestic product could fall by half, Federal Reserve Bank of St. Louis President James Bullard said in an interview published Sunday by Bloomberg.

Mar 22, 1:36 pm

Sen. Rand Paul Tests Positive For COVID-19

Mar 21, 12:00 pm

FDA Issues 'Emergency Use' Authoriziation For Cepheid Test

The test will give Americans results in hours rather than days, and Cepheid is planning to roll the test out by March 30, HHS Secretary Alex Azar said in a statement.

Mar 20, 2:00 am

Whole Foods Employee In NYC Tests Positive For COVID-19

Whole Foods employee was detected positive with the coronavirus and was placed under quarantine.The store located in New York City was closed early Wednesday for additional cleaning and disinfection.

Mar 20, 1:38 am

Italy Has 3,405 Deaths, Passing China As Worst-Hit Nation

Mar 20, 1:23 am

4 Senators Dumped Millions In Stock Weeks Before Coronavirus Pandemic Hit US

Republican senators Richard Burr, Kelly Loeffler and James Inhofe, along with democrat Dianne Feinstein, dumped stocks worth millions ahead of the financial markets plunge in the United States in February, multiple reports suggested Friday.

Mar 19, 10:17 pm

Senate Republicans Announce $1T Stimulus Plan

In order to support U.S. businesses, its employees and the American public, Senate Republicans on Thursday formally announced a $1 trillion economic stimulus plan.

Mar 19, 10:04 pm

California Issues Statewide Stay-At-Home Order

California Governor has issued a statewide stay-at-home order starting Thursday evening for its 40 million residents. Similar orders have been issued in the past few days across the San Francisco Bay area and Los Angeles. Residents are ordered to leave home only for essential activities.

Mar 19, 9:55 pm

Department Of Energy To Buy Up To 30M Barrels Of Oil

The U.S. Department of Energy plans to buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve (SPR) by the end of June.

Mar 19, 9:10 pm

Trump Orders State Labor Officials To Delay Release Of Unemployment Figures

Amid the already plunging stock markets led by the coronavirus outbreak, Donald Trump’s administration has ordered state labor officials to delay the release of the exact unemployment figures.

Mar 19, 7:06 pm

White House Cancels G7 In-Person Summit

As per the White House statement, President Donald Trump has annulled the in-person G7 summit amid the COVID-19 pandemic. The summit, which was scheduled for June at the David Camp, will now be conducted through a video teleconference.

Mar 19, 3:56 pm

US State Department Warns Americans To Avoid All International Travel

Mar 19, 3:04 pm

Federal Government Preparing For Possibility Coronavirus Outbreak Could Last 18 Months

The federal government is preparing for the possibility the coronavirus pandemic could last up to 18 months or longer and “include multiple waves of illness,” a report obtained by CNN shows, as the number of the cases in the US surpassed 11,000. While the document does not say the Trump administration believes the pandemic will last that long, it indicates officials have to assume a longer timeline to ensure preparedness.

Mar 18, 11:52 pm

Reserve Bank Of Australia Cuts Rates To 0.25%

The Reserve Bank of Australia (RBA) has cut interest rates to a record low 0.25% after slashing the rate to 0.5% earlier this month. It also announced a money-printing program for the first time in its history to combat the coronavirus-driven recession.

Mar 18, 11:04 pm

New York City Has 1,871 Cases, 11 Deaths

Mar 18, 9:50 pm

Harley-Davidson Suspends Production

Harley-Davidson Inc. said it is suspending production at its factories effective Wednesday through March 29. The move, which came in after one of its workers was infected with the coronavirus, will impact around 2,000 employees at its U.S. factories.

Mar 18, 9:37 pm

US, Canada Mutually Close Borders For Non-Essential Travel

Mar 18, 8:45 pm

Reps. Mario Diaz-Balart, Ben McAdams Become First Members Of Congress To Test Positive For COVID-19

Reps. Mario Diaz-Balart and Ben McAdams have become the first members of Congress to test positive for coronavirus, a grim new indicator of the virus’ aggressive spread. “On Saturday evening, Congressman Diaz-Balart developed symptoms including a fever and headache. Just a short while ago, he was notified that he has tested positive for COVID-19,” his office said in a news release. The Florida Republican said in a statement that he is “feeling much better” but urged the public to take the virus “extremely seriously.”

Mar 18, 8:45 pm

Trump Signs Relief Package Bill

Trump signed a bill providing paid sick leave, free testing and other benefits. A relief package to provide sick leave, unemployment benefits, free coronavirus testing, and food and medical aid to people affected by the pandemic, was signed into law by Trump Wednesday evening after the Senate passed it by a wide margin. It was approved by the House last week.

Mar 18, 5:10 pm

Italy Records 475 Deaths In Single Day

Italy recorded 475 deaths due to the coronavirus in a single day, the highest since the outbreak. Italy is the world’s most affected country after China, with almost 3,000 deaths to date.