Coronavirus live updates: US airlines slash flights; deaths climb in Iran

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 114,578, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,028, according to data compiled by Johns Hopkins University.
  • US cases: At least 755, according to data compiled by Johns Hopkins University.
  • US deaths: At least 26, according to data compiled by Johns Hopkins University.

Delta Air Lines said Tuesday that it will make deep cuts throughout its network to cut costs as coronavirus drives down demand for air travel. The carrier’s announcement follows similar measures taken by American, United, and JetBlue. —Josephs

The White House is far from ready to roll out specific economic proposals in its response to the widening impact of the coronavirus outbreak, administration officials said. The revelation comes as U.S. stock futures pointed toward a rebound at the open Tuesday following President Donald Trump’s suggestion Monday night that a payroll tax cut and other stimulus measures may be in the works.

However, inside the administration, some officials were stunned by Trump’s claim that he would hold a press conference Tuesday to announce an economic plan as the actual details remain up in the air. “That was news to everyone on the inside,” one official said. The actual details of any plan remain up in the air. “It’s not there right now,” an official said. “A lot of details need to be worked out.”

There is a virus press conference scheduled for 5:30 p.m. ET. It’s possible the White House will have more details on the economic proposals Trump mentioned Monday, but anything involving federal spending or taxes will require congressional action, so it will not be immediate. —Javers, Calia

American Airlines is slashing international and domestic flights as demand falls amid the coronavirus epidemic, the carrier said Tuesday. The move follows similar measures announced last week by JetBlue and United.

U.S. carriers had previously reduced flying to China, where the virus was first detected, and elsewhere in Asia, but its rapid spread has hurt demand for flying more broadly, prompting deeper and more generalized cuts. American said it will shave 10% off its peak summer international flying, one of the clearest signs yet that airline executives expect the coronavirus’ impact on the business to last longer than expected. —Josephs

Darden Restaurants said it is providing paid sick leave for hourly workers across all of its chains, which include Olive Garden and Longhorn Steakhouse. Employees will accrue one hour of sick leave for every 30 worked, and the pay rate will be based on the worker’s 13-week average.

The company said it has been working on the policy for a while, but sped up the process due to the outbreak. Popular Information, a politics-focused newsletter, recently reported on Darden’s lack of paid sick leave, which is common in the restaurant industry but could deter ill employees from calling out sick. —Lucas

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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