Coronavirus live updates: US death toll rises to 9, Fed cuts rates on outbreak risk

This is a live blog. Please check back for updates.

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 108, according to the CDC. 
  • US deaths: At least 9, according to the CDC and state health officials.

Washington state health officials identified three new coronavirus fatalities, including two patients who passed away on Feb. 26 that weren’t previously linked to COVID-19, bringing the total number of deaths in the U.S. to nine. “This is a very fluid, fast-moving situation as we aggressively respond to this outbreak,” Dr. Jeff Duchin, health officer for Seattle & King County public health, said in a statement. “People with suspected or confirmed exposure to COVID-19 should reach out to their healthcare provider. As public health professionals we really appreciate clinicians on the front lines of patient care and they are critical to this response.” —Feuer

Ford Motor is banning all non-essential international and domestic business travel for employees due to the coronavirus outbreak. The automaker said Tuesday the increased travel restrictions will be in effect until March 27. Ford, according to a company spokesman, will revisit the travel bans regarding the COVID-19 epidemic on a weekly basis. —Wayland

Stocks extended their losses after an emergency rate cut by the Federal Reserve failed to ease investor concerns over economic impacts from the coronavirus. The Dow Jones Industrial Average traded 950 points lower, or 3.6%, after rising more than 300 points earlier in the day. The 30-stock average gyrated between sharp gains and solid losses after the decision was announced. The S&P 500 and Nasdaq Composite were both down at least 3.5%. —Imbert

The International Monetary Fund and the World Bank said they will use a virtual format for their Spring Meetings due to concern over the coronavirus. The major meetings were scheduled to take place in Washington D.C. from April 17-19. The meetings are typically among the most significant international monetary conferences in the world, drawing thousands of participants each year. —Wilkie

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

You may like

In the news
Load More