Coronavirus live updates: US lawmakers agree on $8.3 billion funding plan, LA county declares emergency

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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.

Work at an F-35 fighter jet facility in Japan has paused for a week amid concerns over the coronavirus outbreak, according to a Pentagon official. The F-35 fighter, the Pentagon’s most expensive weapons program, is manufactured by Lockheed Martin in Ft. Worth, Texas. International program partners assembly their versions of the aircraft at FACO, or final assembly and check out facilities, in Italy and in Japan.”In Japan, I believe they shut down the FACO for a week,” Ellen Lord, the Pentagon’s top weapons buyer, told reporters at a defense conference in Washington. Lord added that F-35 deliveries were not impacted. A Lockheed Martin representative did not immediately respond to CNBC’s request for comment. —Macias

U.S. lawmakers agreed to an $8.3 billion emergency funding package to address the spread of the deadly coronavirus. Senate Appropriations Committee Chairman Richard Shelby announced the deal in a press release. “This should not be about politics; this is about doing our job to protect the American people from a potential pandemic,” said Shelby, an Alabama Republican. —Breuninger 

The death toll in Italy has risen by 28 over the past 24 hours to 107, the Civil Protection Agency said on Wednesday, with the contagion showing little sign of slowing. The accumulative number of cases in the country, which has been hardest hit by the virus in Europe, totaled almost 3,090, up from 2,502 on Tuesday. The head of the agency said that of those originally infected, 276 had fully recovered versus 160 the day before. —Reuters

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

Source: https://www.cnbc.com/2020/03/04/coronavirus-latest-updates.html

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