Coronavirus live updates: Merkel says most Germans will get infected, NYU doc says hospitals unprepared

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. 

  • Global cases: More than 119,476, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,291, according to data compiled by Johns Hopkins University.
  • US cases: At least 1,039, according to data compiled by Johns Hopkins University.
  • US deaths: At least 29, according to data compiled by Johns Hopkins University.

U.S. President Donald Trump has summoned top health officials to an emergency meeting at the White House, cutting a congressional hearing on Capitol Hill short, said Rep. Carolyn Maloney, chairwoman of the House Oversight and Reform Committee.

Maloney said the witnesses needed to leave by 11:45 a.m. ET, significantly cutting short lawmakers’ opening statements so they could get to the questions and answers before the witnesses had to leave.

“This morning we were informed that President Trump and Vice President Pence have called our witnesses to an emergency meeting at the White House. We don’t know the details, just that it’s extremely urgent,” Maloney, D-NY, said before opening a hearing on the nation’s preparedness and response to the coronavirus outbreak that has swept across the nation. —Lovelace, Higgins-Dunn

The U.K. government will spend billions of pounds in an effort to limit the impact of the coronavirus on the U.K. economy, the country’s finance chief said.

The virus outbreak has been putting pressure on all major economies by significantly reducing supply chains, hitting demand for travel, as well as fueling panic buying and stockpiling. Various economists and organizations, such as the OECD, have trimmed their global growth forecasts as a result.

Rishi Sunak, appointed finance chief last month, told the U.K. Parliament that there would be £7 billion ($9 billion) available to support the labor market and an additional £5 billion to help the health-care system. Sunak also announced a further fiscal loosening of £18 billion to support the U.K. economy, bringing the total fiscal stimulus to £30 billion. The U.K. public body, the Office for Budget Responsibility, called it the largest budget giveaway since 1992. —Amaro

Coronavirus patients could so overwhelm U.S. hospitals that doctors and nurses would be unable to provide adequately for other patients, an infectious disease specialist told CNBC.

“When you have emergency rooms flooded with patients, it makes it harder for us to attend to all the other issues,” Dr. Celine Gounder said in a “Squawk Box” interview. “If you come in with a heart attack, we’re going to be slower taking care of you and we’re going to be sloppier with our own infection control if we’re overwhelmed.”

The U.S. has fewer doctors per person and fewer hospital beds per person than Italy, said Gounder, a clinical assistant professor of medicine and infectious diseases at New York University.

“We have less capacity to absorb a big surge in cases,” she said. “We need to be preparing for that.” —Feuer

Apple has updated the free Apple News application, which is available on iPhones, iPads, and Macs, with a dedicated section for coronavirus coverage. It will help folks find important information about the outbreak from trusted news sources.

It’s another example of how tech companies, while in some cases imperfect, are trying to help provide information to millions of their customers using the power of their platforms. —Haselton

Source: https://www.cnbc.com/2020/03/11/coronavirus-latest-updates.html

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