Coronavirus live updates: IMF offers relief package, LA county declares emergency, CDC ups case count

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  • Global cases: At least 93,400, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 3,190, according to data compiled by Johns Hopkins University.
  • US cases: At least 129, according to the CDC. 
  • US deaths: At least 9, according to the CDC and state health officials.

International Monetary Fund Managing Director Kristalina Georgieva announced a $50 billion aid package to help fight the coronavirus. Georgieva said on CNBC’s “Squawk Alley” that the money is available “immediately.” 

Georgieva said earlier Wednesday at an event in Washington, D.C. that, “We are faced with a generalized weakening in demand, and that goes through confidence and through spillover channels, including trade and tourism, commodity prices, tightened financial conditions.”

“They call for an additional policy response to support demand and ensure an adequate supply of credit,” she added. —Pound

The CDC on Wednesday reported 129 cases of coronavirus in the country, which includes cases reported by individual states that were yet to be confirmed by the agency. The latest number represents an increase of seven confirmed cases, and 13 more cases under investigation. Cases detected among former passengers on the Diamond Princess cruise ship rose to 46 from CDC’s count of 45 as of Monday, while three cases were detected in citizens repatriated from Wuhan, China. —Reuters with contribution from CNBC

Los Angeles-area officials declared an emergency, saying they’ve discovered six new coronavirus cases in the county over the last 48 hours. “I want to reiterate that this is not a response rooted in panic,” Kathryn Barger, chairwoman of the Los Angeles County Board of Supervisors, said at a press conference. —Feuer

In an internal memo sent to employees, Sony Pictures said it would be closing its offices in London, Paris and Gdynia, Poland for the rest of the week after one of its London employees may have been exposed to coronavirus. “The health and well-being of our employees is of the utmost importance,” the company said in the memo. “We thought it was important to share with you that one of our London employees may have been exposed to coronavirus COVID-19 given recent travels to an affected area. Out of an abundance of caution, the London, Paris and Gdynia offices will be closed for the remainder of the week, and employees should work from home.” —Whitten


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