Coronavirus live updates: NY establishes containment zone | Dow whipsaws | Harvard orders students to vacate

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 116,335, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,090, according to data compiled by Johns Hopkins University.
  • U.S. cases: At least 761, according to data compiled by Johns Hopkins University.
  • U.S. deaths: At least 27, according to data compiled by Johns Hopkins University.

New York Gov. Andrew Cuomo is deploying the National Guard to New Rochelle, a coronavirus hot spot just north of New York City.  

“New Rochelle has double the cases of New York City, it’s true, it’s a phenomenon,” he told reporters at a press conference.

New York National Guard troops have already been dispatched to a health department command post in New Rochelle “to assist with the outbreak,” according to a slide Cuomo presented at the news briefing. —Higgins-Dunn, Feuer

A Florida couple who was aboard the coronavirus-hit Grand Princess ocean liner has sued the ship’s owner for more than $1 million, claiming the company put profits over safety and did not have proper screening protocols in place.

Ronald and Eva Weissberger of Broward County, Florida sued Princess Cruise Lines, a unit of Carnival, alleging the company caused them emotional distress and trauma as they fear they will develop COVID-19, a flu-like disease caused by the virus.

The Grand Princess had 21 people aboard, mostly crew, who were affected with the coronavirus. The ship docked in Oakland, California on Monday so its 2,400 passengers could disembark and be taken to quarantine or medical sites. —Reuters

CNBC’s Jim Cramer said he feels better about buying stocks now that President Donald Trump publicly acknowledged the need for coronavirus relief for workers and small businesses.

Trump plans to meet with Senate and House Republicans Tuesday to discuss “a possible payroll tax cut” and other “substantial relief” as coronavirus cases in the U.S. topped 760 with 27 deaths.

“One of the things that really made things better today is this was a recognition that things have to be done. That was very reassuring,” Cramer said. —Belvedere

Stocks rolled over on Tuesday as investors fretted over the timing of potential fiscal stimulus to curb slower economic growth stemming from the coronavirus outbreak. 

The Dow Jones Industrial Average traded 250 points higher, or 1.2%. Earlier in the day, the 30-stock average was up 945 points. The S&P 500 was up 0.9% after jumping 3.7%. The Nasdaq Composite advanced as much as 3.8% before trading 1.2% higher. The major averages briefly turned negative earlier, with the Dow falling as much as 160 points. —Imbert

Source: https://www.cnbc.com/2020/03/10/coronavirus-latest-updates-us-markets-set-to-pop-as-trump-eyes-stimulus.html

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