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 201,000
- Global deaths: At least 8,007
- US cases: At least 6,496
- US deaths: At least 114
All data above is provided byÂ Johns Hopkins University.
“That is not going to happenÂ âÂ 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.”Â âWill Feuer
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that the U.S. will not have 20% unemployment â a figure he reportedly warned Republican senators about in a private briefing â 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.”Â âKevin 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 AdministrationÂ 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. âLauren 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.