This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern daylight time. This blog will be updated throughout the day as the news breaks.Â
- Global cases: More than 121,564, according to data compiled by Johns Hopkins University.
- Global deaths: At least 4,373,Â according toÂ data compiled by Johns Hopkins University.
- US cases: At least 1,050, according to data compiled by Johns Hopkins University.
- US deaths: At least 35, according to data compiled by Johns Hopkins University.
Coronavirus may lead to the first U.S. recession in more than a decade, but it could be a bonanza for the companies competing in the streaming wars.
If Americans are stuck at home in the coming months as schools close and events are canceled, they’ll likely be starved for entertainment options and new ways to keep kids entertained. It so just happens that several new streaming services â NBCUniversal’s Peacock, WarnerMedia’s HBO Max, and Quibi â will be debuting between now and May.
Add to that the relatively recent launches of Disney+ and Apple TV+, and streamers could see a significant subscriber boost if Americans are forced to hunker down to slow the spread of COVID-19. âSherman
The Centers for Disease Control and Prevention is giving over $560 million to state and local jurisdictions to help them respond to the coronavirus, according to a statement released by the Department of Health and Human Services.
“Our state, local, tribal and territorial public health partners are on the front lines of the COVID-19 response,” said CDC Director Robert R. Redfield, M.D. “The action we are taking today will continue to support their efforts to increase public health capacity where it’s needed most.” âMiller
Public officials banned large gatherings in San Francisco and the Seattle area to try to contain the rapidly spreading coronavirus outbreak that’s infected more than 121,000 people across the world since December.
Washington Gov. Jay Inslee is banning large gatherings in several counties across the state to try to contain the COVID-19 outbreak that that has killed at least 23 residents, he announced Wednesday.
Moments after Inslee announced the order, San Francisco health officials announced that they are also banning gatherings of 1,000 or more to slow the spread of the new coronavirus.
With Congress pushing back against President Donald Trump‘s emergency proposal to eliminate the payroll tax, the idea may be dead in the water.
In response to the deadly coronavirus, Trump on Tuesday pitched Republican lawmakers on a 0% payroll tax rate for employers and employees that would last through the rest of this year, and possibly longer. The stock market staged a late-day rally on the news.
House Majority Leader Steny Hoyer, D-Maryland, told the New York Times that Trump’s proposal to cut payroll taxes, which are used to fund Medicare and Social Security, is a “non-starter,” suggesting that the plan has no chance of passing.Â âDzhanova, HirschÂ