Coronavirus live updates: Japan indicates Olympics could be delayed, Trump calls for rate cut

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All times below are in Eastern time.

  • Global cases: At least 91,300, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 3,110, according to data compiled by Johns Hopkins University.
  • US cases: At least 91, according to the CDC. 
  • US deaths: At least 6, according to the CDC and state health officials.

Japan’s Olympic minister says the country’s contract to hold the Tokyo Games only specifies the event has to be held during 2020. Seiko Hashimoto’s response to a question in the upper house of parliament implies the Olympics could be held later in the year and would not have to start on July 24 as planned. —Associated Press

Visa warned that its second-quarter revenue growth would be slower than its previous forecast, becoming the latest payments services provider to be affected by the coronavirus outbreak.The company said it expects current-quarter revenue growth to be between 2.5 and 3.5 percentage points lower than its previous forecast of low double-digit growth when compared with the first quarter. —Reuters

President Donald Trump once again called on the Federal Reserve to deliver some major policy easing measures, after the Australian central bank cut rates to record lows and noted the impact of the coronavirus outbreak. The Reserve Bank of Australia said it was cutting its cash rate to 0.5% to mitigate the economic impact of the new coronavirus. Philip Lowe, the bank’s governor, said that the epidemic was having a “significant” hit on the country’s economy. Within hours the U.S. president responded on Twitter, saying the U.S. central bank’s chairman had “called it wrong from day one.” —Amaro

The head of Iran’s emergency medical services, Pirhossein Kolivand, has been infected with coronavirus, the ILNA news agency reported. Kolivand’s “health is good and there is no need for concern”, the office said in a statement, according to ILNA. Seventy seven Iranians have died from coronavirus and 2,336 have been infected, Iran’s Health Ministry announced on Tuesday. —Reuters

Source: https://www.cnbc.com/2020/03/03/coronavirus-latest-updates-outbreak.html

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