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 169,387, according to Johns Hopkins University.
- Global deaths: At least 6,513,Â according toÂ Johns Hopkins University.
- US cases: At least 3,813, according to Johns Hopkins University.
- US deaths: At least 69, according to Johns Hopkins University.
GOP Sen. Mitt Romney proposed sending every American adult $1,000 to ease the financial pain of the coronavirus pandemic that has tanked global markets and threatened to grind U.S. economic activity to a halt.Â
The proposal from the 2012 Republican nominee for president came as the White House and Congress work to reach an agreement over the necessary stimulus measures to contain the unfolding economic crisis.
“While expansions of paid leave, unemployment insurance, and SNAP benefits are crucial, the check will help fill the gaps for Americans that may not quickly navigate different government options,” Romney said in a statement.Â âTucker Higgins, Dan Mangan
Canada is closing its borders to non-citizens because of the coronavirus pandemic, Prime Minister Justin Trudeau announced.
“We can still slow the spread of this virus,” Trudeau said. “It is time to take every precaution to keep people safe.”
Canada will make some exceptions to the closure of its borders, including for U.S. citizens. âDan Mangan
Monday’s losses put the Dow down 28% from its all-time high and the S&P 500 and Nasdaq more than 26% below their records last month. At one point, the Dow was down 30% from its record.Â âSara Salinas, Fred Imbert
U.S. airlines are seeking government assistance of more than $50 billion, including a mix of direct aid and loan guarantees, as the industry reels from the coronavirus outbreak, a lobbying group that represents 10 U.S. passenger and cargo airlines said Monday.
The aid, if received, would be the industry’s first broad bailout since the wake of the Sept. 11, 2001 attacks. It is also the clearest sign yet of the financial damage coronavirus and the draconian measures governments are taking to stop it are having on U.S. businesses.Â âLeslie Josephs