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.Â
- Global cases: More than 114,578, according to data compiled by Johns Hopkins University.
- Global deaths: At least 4,028,Â according toÂ 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.
American AirlinesÂ is slashing international and domestic flights as demand falls amid theÂ coronavirusÂ epidemic, the carrier said Tuesday. The move follows similar measures announced last week byÂ JetBlueÂ andÂ 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.Â âJosephs
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.Â âLucas
Stock futures rallied back after the S&P 500â²s worst day since the 2008 financial crisis as investors cheered potential stimulative measures to stem the economic downturn from the coronavirus.Â Around 7 a.m. ET Tuesday, futures on theÂ Dow Jones Industrial AverageÂ indicated an opening surge of about 1,000 points on Tuesday.Â S&P 500Â futures and Nasdaq 100 futures also pointed to a sharply higher open.
President Donald Trump on Monday floated the idea of “aÂ payroll tax cut or relief”Â to offset the negative impact from COVID-19.Â The potential tax incentives come on top of an $8.3 billion spending package Trump signed last month.Â âImbert
Iran’s death toll climbed by 54 to 291 total, Health Ministry spokesmanÂ Kianoush Jahanpour said. That’s an 18% increase in death from the day before. The virus has infected at least 8,040 people across the country, he said, which is the hardest-hit country in the Middle East by the virus.Â âFeuer