This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks.
- Global cases: More than 156,000, according to Johns Hopkins University
- Global deaths: At least 5,833, according to Johns Hopkins University
- U.S. cases: At least 2,952, according to Johns Hopkins University
- U.S. deaths: At least 57, according to Johns Hopkins University
New York City Comptroller Scott M. Stringer is calling for a shutdown of the city as concerns mount over the city’s relatively slow response to the virus spread.
Elected officials have raised alarms that the city is not moving quickly enough to place restrictions on places like bars and restaurants, many of which were still full of people on Saturday night. Bars and restaurants can currently stay open if they operate at half the maximum capacity.
“Only essential services should remain open. No bars, restaurants, or movie theaters,” Stringer wrote on Twitter. “And I am again calling for NYC schools to be shut down. We cannot go on with business as usual.”Â âEmma Newburger
Former FDA CommissionerÂ Scott Gottlieb said the U.S. is at risk of a “Wuhan style outbreak” in multiple cities across the country. An outbreak of such intensity in a city like New York would “overwhelm its system,” he said during an interview on CBS’ “Face the Nation.”
The coronavirus originated in the Chinese city of Wuhan and killed more than 3,000 people in mainland China. Health officials say China’s coronavirus epidemic had passed its peak as cases continue to spread to other areas of the world.
“There’s ways to avert it, but that’s the risk that we face right now,” Gottlieb said, adding that the U.S. will “certainly” have tens of thousands of virus cases. He said research shows there is likely 10 – 40,000 cases currently distributed across the country.Â âEmma Newburger
States across the U.S. are allocating hundreds of millions of dollars to respond to the coronavirus, even as the U.S. government prepares to send billions more their way.
Many states have built up sizable stockpiles in their “rainy day” funds during several robust years of tax collections. Some governors and state lawmakers now are tapping into those savings for emergency expenses. Others are looking to set aside even more in reserve, fearing the economic uncertainties stemming from the coronavirus could send tax revenues into a tailspin.
State and local public health agencies have been on the front lines of the response, monitoring and testing those suspected of having the virus that causes the COVID-19 disease. Costs are mounting for staff time and medical supplies.
But states also are bracing for a potential ripple effect on their revenues. The cancellation of major sporting and entertainment events could mean less tax revenue from tourists and local residents. Directives to work and study at home instead of at offices, schools and colleges could mean less revenue from fuel taxes and public transit fares.
And if some employees can’t go to work, that could put a damper on state income and withholding taxes while driving up spending for public welfare programs such as unemployment insurance and state Medicaid health care programs.Â âAssociated Press