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 245,484, according to data compiled by Johns Hopkins University.
- Global deaths: At least 10,031,Â according toÂ data compiled by Johns Hopkins University.
- US cases: At least 14,250, according to data compiled by Johns Hopkins University.
- US deaths: At least 205, according to the CDC and state health officials.
When the damage the coronavirus inflicts on the U.S. jobs market becomes clearer, it could be unlike anything the country has ever seen.
Judging by a host of forecasts from economists, the avalanche of furloughs will easily break the record for most in a single month.
Upcoming weekly jobless claims will shatter the standards set even during the worst points of the financial crisis and the early-1980s recession. Those numbers are expected to be bad, in fact, that the Trump administration, according to several media reports, has asked state officials to delay releasing precise counts.
While the headline unemployment rate is highly unlikely to approach the 24.9% during the Great Depression, it very well could be the highest in almost 40 years, something unthinkable for a jobs market that had been on fire as recently as February.Â âJeff Cox
New Orleans Saints head coach Sean Payton says he has tested positive for the coronavirus, is resting comfortably at home and is making his test result public in hopes he can motivate people to do more to fight the pandemic.
Payton learned Thursday that he has tested positive for the coronavirus, he told ESPN before posting a photo of himself smiling as he sat on a couch next to his dog.
“Appreciate the well wishes,” Payton wrote on his Twitter page. “I’m feeling better and fortunate to not have any of the respiratory symptoms. 4 more days at home.”
Payton, 56, is the first employee of either an NFL team or the league to make such a diagnosis public.Â âAssociated Press
AT&TÂ just canceled plans to repurchase $4 billion of its own shares, according to a Securities and Exchange Commission filing. The company made the move to “focus on continued investment in serving our customers, taking care of our employees and enhancing our network, including nationwide 5G,” according to the filing.
The news follows several days of public outcry from President Donald Trump and several high-profile investors, including Mark Cuban, who said companies that have received government bailouts should not be allowed to buy back their own shares.
AT&T noted in the filing that the impact of the pandemic “could be material,” but the company said it cannot yet estimate the impact on its financial or operational results. âElisabeth Butler Cordova
Marlboro cigarette maker Altria CEO Howard Willard has contracted coronavirus and is taking temporary medical leave, a regulatory filing showed on Friday.
Willard, 56, is the latest high-profile person to get the virus in a global pandemic that has infected more than 245,000 people and killed over 10,000 globally.
Chief Financial Officer William Gifford Jr will take over for Willard during his absence, the company said here in a memo to employees. âReuters