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 190,000, according to Johns Hopkins University.
- Global deaths: At least 7,894,Â according to Johns Hopkins University.
- U.S. cases: At least 5,894, according to Johns Hopkins University.
- U.S. deaths: At least 97, according to Johns Hopkins University.
The new coronavirus that’s rapidly spreading throughout the U.S. reached all 50 states on Tuesday as the U.S. death toll also passed 100.
The virus has now infected more than 5,809 people across the country and killed at least 100. There were just 62 confirmed cases of the rapidly spreading virus in the U.S. on March 1, according to the World Health Organization.Â âWill Feuer
Tesla is keeping its Fremont, California car plant running during “shelter in place” orders initiated across counties in the San Francisco Bay Area to curb the COVID-19 coronavirus outbreak, including Alameda County where the factory is based.
In the the “everybody” e-mail about remaining at work despite the efforts to contain COVID-19, CEO Elon Musk wrote:
“I’d like to be super clear that if you feel the slightest bit ill or even uncomfortable, please do not feel obligated to come to work. I will personally be at work, but that’s just me. Totally ok if you want to stay home for any reason.”Â âLora Lolodny
The double-barreled approach of a $1 trillion proposed fiscal stimulus program and Federal Reserve policy could help soften the blow of an economic recession and head off a potential financial crisis.
The White House is seeking a stimulus package worth between $850 billion and $1 trillion that could result in emergency funds for individuals and assistance for small businesses and credit for industries hard hit by the reaction to the virus.Â
But even with the proposed stimulus, the view of economic forecasters has become more dire in recent days as companies seeking cash strain credit markets and the shutdown of business activity sends shock waves across the economy. â Patti Domm
Stock futures dipped in overnight trading on Tuesday as the markets remained highly volatile with the government response to the coronavirus fallout unfolding.