Coronavirus live updates: Princess suspends cruises, Cramer slams government response

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 127,749, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 4,717, according to data compiled by Johns Hopkins University.
  • US cases: At least 1,323, according to data compiled by Johns Hopkins University.
  • US deaths: At least 38, according to data compiled by Johns Hopkins University.

Shopify is offering workers a $1,000 stipend to purchase any necessary office supplies and ease the transition to remote work. The announcement came as Shopify told its employees to work from home starting March 16, in light of the coronavirus outbreak.

Several tech companies including Twitter, Google, and Amazon have told employees to work remotely this month.

Shopify, which makes online tools for companies to sell products online, employs 5,000 people worldwide, with the majority of its employees based in Canada. —Palmer

Amid all the fears, quarantines and stockpiling of food, it has been easy to ignore the fact that more than 60,000 people have recovered from the coronavirus spreading around the globe.

The disease can cause varying degrees of illness and is especially troublesome for older adults and people with existing health problems, who are at risk of severe effects, including pneumonia. But for most of those affected, coronavirus creates only mild or moderate symptoms, such as fever and cough, with the vast majority recovering from the virus.

According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe ailments may take three to six weeks to rebound. In mainland China, where the virus first exploded, more than 80,000 people have been diagnosed, but more than 58,000 already have recovered.

Because the difference in impact can be so great, global health authorities have the difficult task of alerting the public to the virus’ dangers without creating panic. —Associated Press

Starbucks CEO Kevin Johnson warned customers that some cafes may offer limited seating or only receive orders via mobile or drive-thru due to the coronavirus outbreak.

Locations in the U.S. and Canada are preparing to modify operations if needed.

“This means that as we navigate this dynamic situation community-by-community and store-by-store, we may adapt the store experience by limiting seating to improve social distancing, enable mobile order-only scenarios for pickup via the Starbucks app or delivery via Uber Eats, or in some cases only the Drive Thru will be open,” Johnson wrote in a letter to customers on Thursday.

Johnson said that the company will close a store temporarily as a last resort. Starbucks closed a downtown Seattle location on March 5 after one of its baristas was diagnosed with the virus. The cafe reopened Monday morning. Thirteen additional employees are self-quarantined. —Lucas

CNBC’s Jim Cramer blasted the U.S. government’s response to the coronavirus, arguing “this is the time for radical action.”

“They know nothing. They know nothing. We know more than they do, and that’s not acceptable either,” Cramer said, hearkening back to his famous 2007 rant about the Federal Reserve before the financial crisis.

“I want the federal government to know more than me. I knew more than they did in 2007, and I know more than they do now and it is disappointing,” he said on “Squawk on the Street.” —Stankiewicz

Source: https://www.cnbc.com/2020/03/12/coronavirus-live-updates.html

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