Rand Paul tests positive for coronavirus, National Guard activated in California, New York and Washington state

The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, visit the live blog from CNBC’s Asia-Pacific team.

All times below are in Eastern time.

  • Global cases: More than 311,000
  • Global deaths: At least 13,407
  • U.S. cases: At least 26,747
  • U.S. deaths: At least 340

The data above was compiled by Johns Hopkins University. 

In my 30-plus years as a financial journalist, I have lived through the ’90s Asian financial crisis, the tech dot-com crash, the 9/11 terrorist attack, and the 2008 financial crisis. Now, however, America is faced with something entirely different. We are at war with a pandemic, and the people we rely on most — our health-care and frontline workers — are unmatched.

I am a military service and war veteran. People who know I have served go out of their way to thank me for my service and I appreciate their regard every time.

Now, however, I call on all of you to thank every health-care worker and all frontline workers (pharmacy, grocery, take-out, gasoline, etc.) to thank them for their service. They are likely more frightened than you are of the virus and its fallout on their financial lives. These people are risking their personal health — and the health of the people they love — for you.

Can we all, please, as Americans, listen to the young girl crying when she thanks me for thanking her for her take-out service? It took me a long time to appreciate people thanking me for my military service, and I was never on the front lines like these people are.

We are America. Let us come together and get through this. Thank the people caring for you and keeping you safe.

–Terri Cullen

A technology giant is committing $225 million to assist in efforts aimed at combating the coronavirus while the rest of Silicon Valley initiates an investment blitz to help in the fight. 

Cisco, a company that focuses on crafting telecommunications equipment and networking hardware, among other items, is putting up the massive investment, according to a blog post that was written by its CEO, Chuck Robbins Sunday night. –Brian Schwartz

The Securities and Exchange Commission published rule changes on Saturday that allow the New York Stock Exchange to conduct all-electronic trading.

On Monday, the first day the trading floor will be closed, the NYSE opening at 9:30 a.m. ET should happen immediately for almost all stocks, subject to certain trading bands. Existing circuit breakers that would halt trading briefly should the S&P 500 decline by 7%, 13% and 20% will continue to be in effect.

The SEC noted the rule filings were temporary until May 15 or sooner if the trading floor reopens. –Bob Pisani

UAE suspended all passenger and transit flights to and from the country for two weeks over coronavirus fears – state news agency WAM said on Sunday citing National Emergency and Crisis and the Civil Aviation Authority.

WAM added the decision will take effect after 48 hours and will last for two weeks, subject to review and evaluation. –Reuters

Source: https://www.cnbc.com/2020/03/22/coronavirus-live-updates-feds-bullard-calls-shutdown-massive-investment-in-public-health.html

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