Coronavirus live updates: Virus lives for days on surfaces, Mnuchin vows to prevent unemployment spike

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 201,000
  • Global deaths: At least 8,007
  • US cases: At least 6,496
  • US deaths: At least 114

All data above is provided by Johns Hopkins University.

New York Gov. Andrew Cuomo said he won’t approve a “shelter-in-place” order for New York City, a day after Mayor Bill de Blasio told residents to prepare for one.

“That is not going to happen — shelter in place, for New York City,” Cuomo said on The Daily podcast by The New York Times. “For any city or county to take an emergency action, the state has to approve it. And I wouldn’t approve shelter in place.” —Will Feuer

Treasury Secretary Steven Mnuchin told CNBC on Wednesday that the U.S. will not have 20% unemployment – a figure he reportedly warned Republican senators about in a private briefing – if they follow the Trump administration’s coronavirus plan.

“I’ve seen that number in the press,” Mnuchin told CNBC’s Jim Cramer in a television interview. “I didn’t in any way say I think we’re going to have that.” —Kevin Breuninger

The International Council of Shopping Centers, which represents America’s malls and shopping center owners such as Simon Property Group and Kimco, has sent a letter to the Trump Administration seeking aid. This comes as retail and restaurant store closures are mounting.

“These closures are placing an insurmountable strain on our members, and we believe federal government action is urgently needed,” ICSC CEO Tom McGee said. —Lauren Thomas

Stocks tumbled on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors.

The Dow Jones Industrial Average dropped 1,400 points, or more than 6.5%. The S&P 500 fell 6.1% while the Nasdaq Composite slid nearly 5%. —Yun Li, Fred Imbert

Source: https://www.cnbc.com/2020/03/18/coronavirus-live-updates.html

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