Coronavirus Outbreak Live Updates
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
NFL Team Using Plane To Fly 1.2M N95 Masks From China
No days off. Thanks to some serious teamwork, Massachusetts is set to receive over 1 million N95 masks for our front-line workers. Huge thanks to the Krafts and several dedicated partners for making this happen. pic.twitter.com/ieV6XMC5Ow— Charlie Baker (@MassGovernor) April 2, 2020
US New Jobless Claims Rise To Record 6.6M As Coronavirus Hammers Economy
New U.S. jobless claims for the week ending March 27 totaled a whopping 6.648 million versus a 3.5-million estimate, according to numbers reported Thursday by the Bureau of Labor Statistics. The initial jobless claims in the week ending March 20 reached 3.283 million.
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.
Pennsylvania Governor Places All Of State Under Stay-At-Home Order
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.
Coronavirus Task Force Coordinator: US Could Have 200K Deaths If 'We Do Things Almost Perfectly'
Macy's To Furlough Majority Of 125K Workforce
Carly Fiorina Blasts Corporate Bailout Funding In $2T Coronavirus Relief Bill
The $2-trillion coronavirus relief bill signed into law by President Donald Trump deserves credit for offering a helping hand to small businesses and individuals, former Hewlett Packard CEO Carly Fiorina said Friday on CNBC’s “Closing Bell.”
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.
Tesla To Reopen New York Gigafactory To Make Ventilators For COVID-19 Patients
Amazon Warehouse Workers Plan Monday Walkout To Protest Lack Of Coronavirus Protection
Amazon.com workers at the company’s Staten Island warehouse are planning a mass walkout on Monday to protest against what they call a lack of protection provided during the novel coronavirus pandemic.
Trump Extends Coronavirus Social Distancing Guidelines To April 30; Stock Futures Fall
U.S. stock futures opened for trading Sunday evening, pointing to a lower open on Monday morning. Shortly after the futures market’s 6 p.m. ET open, the S&P 500 was down about 1.8% and the Dow Jones Industrial Average was down 2.2%.
UK Prime Minister Boris Johnson Tests Positive For COVID-19
Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus.— Boris Johnson #StayHomeSaveLives (@BorisJohnson) March 27, 2020
I am now self-isolating, but I will continue to lead the government’s response via video-conference as we fight this virus.
Together we will beat this. #StayHomeSaveLives pic.twitter.com/9Te6aFP0Ri
Trump Lashes Out At Washington, Michigan Governors
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
Primark To Close All Stores Worldwide
The parent company of Primark announced that it would be closing all of its stores across the world, which would lead to a monthly loss of around $760 million worth of net sales. It added that it would stop placing new orders with suppliers. The company estimates that it will be able to recover around 50% of total operating costs.
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.
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.
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.
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.
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.
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.
S&P Futures Hit Limit-Down; DJIA Futures Down 5.01%
$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.
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.
Sen. Rand Paul Tests Positive For COVID-19
Senator Rand Paul has tested positive for COVID-19. He is feeling fine and is in quarantine. He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events. He was not aware of any direct contact with any infected person.— Senator Rand Paul (@RandPaul) March 22, 2020
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.
Olympic Swimmer Jacob Pebly Calls To Suspend Olympic Swimming Trials
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Links: – Study: https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/Imperial-College-COVID19-NPI-modelling-16-03-2020.pdf – Implications of study, per the UM Center for Infectious Disease Research and Policy: http://www.cidrap.umn.edu/news-perspective/2020/03/modeling-study-suggests-18-months-covid-19-social-distancing-much
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.
Italy Has 3,405 Deaths, Passing China As Worst-Hit Nation
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.
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.
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.
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.