Coronavirus live updates: Facebook, Microsoft partner with WHO, Prince Charles tests positive

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 428,400
  • Global deaths: At least 19,120
  • US cases: At least 55,225
  • US deaths: At least 802

The data above was compiled by Johns Hopkins University. 

Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, joins “Squawk Box” to discuss the latest on mitigating the spread of coronavirus in the United States.

The World Health Organization has partnered with Facebook, Microsoft and several other tech companies for a hackathon to promote the development of software to take on challenges related to the coronavirus pandemic.

The #BuildforCOVID19 hackathon was announced on Tuesday and will begin accepting project submissions on Thursday. Along with Facebook and Microsoft, tech companies Twitter, WeChat, TikTok, Pinterest, Slack and Giphy are also participating. The tech companies “will be sharing resources to support participants throughout the submission period.” —Salvador Rodriguez 

An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. 

Applications to refinance a home loan, which had been surging dramatically in the last month, fell 34% for the week but were still 195% higher than a year ago, when rates were 63 basis points higher. Refinances tend to be volatile, moving weekly with interest rates. —Diana Olick

If Britain’s measures for tackling the coronavirus outbreak work, then intensive care demand will peak in 2.5 to 3 weeks time, a top epidemiologist who advised the government said on Wednesday.

“If, and it’s an if, we’re moderately confident as I’ve said but can’t be completely sure, if the current measures work as we would expect them to then we will see intensive care unit demand peak in approximately two and half to three weeks’ time and then decline thereafter,” Neil Ferguson, a professor of mathematical biology at Imperial College London, told a British parliamentary committee. —Reuters

Source: https://www.cnbc.com/2020/03/25/coronavirus-latest-updates.html

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