Coronavirus live updates: Princeton classes go virtual; Amazon, Microsoft each donate $1M

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. 

  • Global cases: More than 111,300, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 3,892, according to data compiled by Johns Hopkins University.
  • US cases: At least 566, according to data compiled by Johns Hopkins University.
  • US deaths: At least 22, according to Johns Hopkins University.

JetBlue Airways on Monday withdrew its first-quarter and full-year earnings forecast and said it was considering voluntary time-off programs for employees, as the coronavirus outbreak wreaks havoc on the global travel industry. JetBlue said it is adjusting schedules between March and early May due to falling demand, and is evaluating further flight cancellations as the situation around the epidemic develops. The company also said it was delaying some hiring and increasing the frequency with which it cleans aircraft. An industry body last week estimated the outbreak could lower passenger revenue globally for airlines by as much as $113 billion this year, as demand collapses. —Reuters

The president of Princeton University said the school will move to online courses following spring break and said it would begin the decrease the number of gatherings on campus in order to protect students and faculty from the spread of COVID-19.  “While much remains unknown about COVID-19’s epidemiology and impact, our medical advisers tell us that we should proceed on the assumption that the virus will spread more broadly and eventually reach our campus,” President Chris Eisgruber said in a statement. “They also tell us that the best time to put in place policies to slow the spread of the virus is now, before we begin to see cases on our campus, rather than later. Acting now will also give students who wish to do so the option to stay home after spring break and meet academic requirements remotely.” To achieve its goal, the university will move activities such as lectures, seminars, and precepts, online. “We will continue to support, where possible and subject to appropriate restrictions, research, educational, and campus life activities that require physical presence,” Eisgruber wrote. —Cullen 

The Food and Drug Administration and the Federal Trade Commission issued warning letters to televangelist Jim Bakker and six other companies for reportedly selling unapproved coronavirus drugs and treatment products. “The FDA considers the sale and promotion of fraudulent COVID-19 products to be a threat to the public health,” FDA Commissioner Stephen M. Hahn said in the statement. The products include teas, essential oils, tinctures and colloidal silver, which had been previously cited as not safe or effective for treating any disease, according to a press release. —Higgins-Dunn

All schools in the northern Spanish city of Vitoria-Gasteiz will be closed for two weeks in an effort to slow the spread of coronavirus, regional authorities said on Monday. “All education activities are suspended in the city of Vitoria for two weeks…from kindergarten to universities,” a spokesman for the education department of the Basque Country told Reuters. With nearly 150 confirmed cases the Basque Country, of which Vitoria is the regional capital, is among the worst-hit areas in Spain, which has registered 999 cases and more than 20 deaths from the outbreak. —Reuters

Source: https://www.cnbc.com/2020/03/09/coronavirus-latest-updates.html

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