Coronavirus live updates: Unprecedented stop in economic activity, Americans worry about looming bills

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 254,000, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 10,000, according to Hopkins data.
  • US cases: At least 14,300, according to Hopkins.
  • US deaths: At least 210, according to Hopkins.

U.K. Prime Minister Boris Johnson announced lockdown measures in the capital city of London, telling cafes, bars and restaurants to close.

Speaking at a daily press conference on the coronavirus outbreak, Johnson said: “We are collectively telling cafes, pubs, bars and restaurants to close tonight as soon as they reasonably can and not to open tomorrow.”

He clarified takeout services for these businesses would be able to continue.  

“We are also telling nightclubs, theaters, cinemas, gyms, and leisure centers to close on the same timescale.” —Sam Meredith

Microsoft and Adaptive Biotechnologies are working together to study how the human immune system responds to the COVID-19 coronavirus.

By understanding the immune signature, meaning how humans are responding to the disease, the companies hope to speed the process of developing a more accurate diagnostic test and treatment for COVID-19.

“Most efforts we’re seeing so far are focused on the biology of the virus,” said Adaptive Biotechnologies CEO Chad Robins by phone. “Now we’re turning our focus on COVID-19 and adding a new dimension, which is the immune response.” —Christina Farr

Saudi Arabia’s government unveiled stimulus measures amounting to 120 Saudi billion riyals ($32 billion US) on Friday to support an economy hit by the double blow of the coronavirus crisis and dramatically lower oil prices. 

The sum includes Riyadh’s 50 billion riyals package announced last week to support small and medium-sized businesses. Friday’s announcement introduces a further 70 billion riyals to aid businesses, including the postponement of tax payments and exemptions of various government levies and fees. —Natasha Turak

The shelves of some stores may not have toilet paper and diapers, but the products are weaving through the supply chain, International Paper CEO Mark Sutton told CNBC on Friday. 

“Diapers and toilet paper, there’s plenty of it,” Sutton said on “Squawk Box.” “It’s just got to get the velocity through the system, through the distribution centers and directly to the consumers.” 

The dramatic increase in demand for products such as toilet paper, paper towels and diapers due to the coronavirus will not last forever, Sutton said. —Kevin Stankiewicz

Source: https://www.cnbc.com/2020/03/20/coronavirus-latest-updates.html

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