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 137,445, according to data compiled by Johns Hopkins University.
- Global deaths: At least 5,088,Â according toÂ data compiled by Johns Hopkins University.
- US cases: At least 1,701, according to data compiled by Johns Hopkins University.
- US deaths: At least 40, according to data compiled by Johns Hopkins University.
Here are today’s key headlines:
- New York state now has the most coronavirus cases in the US as new cases jump 30% overnight
- Trump declares national emergency over coronavirus
- Louisiana postponesÂ its Democratic primary, the first state to do so
- Europe is now the ‘epicenter’ of the coronavirus pandemic, WHO says
- The Masters and other major golf tournaments are postponed
- Warren Buffett says Berkshire’s annual meeting will be held without shareholders
Google is working on a website for coronavirus testing, according the internal materials viewed by CNBC and an announcement by President Donald Trump on Friday.
Trump said during a press conference announcing a state of emergency due to the coronavirus that Google has 1,700 engineers working on the effort now.Â âJennifer Elias
Stocks rose sharply in volatile trading Friday as Wall Street rebounded from the sharp losses suffered in the previous session â the worst since the “Black Monday” market crash in 1987.
TheÂ Dow Jones Industrial AverageÂ closed 1,985 points higher, or 9.4%, at 23,185.62. Friday marked the Dow’s biggest-ever point gain. TheÂ S&P 500Â climbed 9.2% to 2,711.02 while theÂ Nasdaq CompositeÂ surged 9.3% to 7,87.23. The averages posted their biggest one-day gain since October 2008.Â âFred Imbert, Yun Li
The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge on Wall Street since the stock market crash in 1987.
While the crisis has led to a temporary decline in global carbon dioxide emissions, experts are warning it poses a serious threat to long-term climate change action by compromising global investments in clean energy and weakening industry environmental goals to reduce emissions.Â âEmma Newburger
President Donald Trump on Friday declared a national emergency over the coronavirus pandemic.
The declaration will free up as much as $50 billion in financial resources to assist Americans affected by the outbreak.
Trump said he expected the U.S. to have 1.4 million coronavirus test kits available within a week, and a total of 5 million kits within the next month. He then said he doubted the country will “need anywhere near” 5 million kits. âDan Mangan, Christina Wilkie