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 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.Â
Russian President Vladimir Putin on Wednesday said he was postponing a nationwide vote on constitutional changes that would allow him to extend his rule due to the worsening situation with coronavirus.
The vote, on changes that include scrapping a constitutional ban on Putin running again for president in 2024, had been planned for April 22.
Putin did not name a new date for the vote, saying only that he and others would evaluate the situation to decide when the time for a new vote was right.Â âReuters
Hospitals in New York City are nearing capacity due to an influx of coronavirus patients,Â former Food and Drug Administration CommissionerÂ Scott GottliebÂ told CNBC on Wednesday.Â
COVID-19 has killed 192 people in New York City, according to Johns Hopkins University, but Gottlieb said that number rill rise if the hospitals become overwhelmed.Â
“New York City hospitals right now are on the brink of what I would call being maxed out in terms of their available capacity,” he said on “Squawk Box.” “New York has another about five weeks to go for this between now and when they’re going to reach peak hospitalizations, so the fact that they’re stretched right now is worrisome.”Â âWilliam Feuer
Almost half, 48%, of New York City’s 15,597 coronavirus cases are under 45 years old. But an overwhelming majority of those patients are surviving, accounting for just 3% of the city’s 192 COVID-19 fatalities, according to new data from the NYC Health Department. Parents can take comfort in this stat: zero kids have died. Children under 18 make up just 2% of the city’s cases. Men appear to be disproportionately affected, making up 56% of the cases and 61% of the deaths. The biggest outbreaks in the city are in Queens where 30% of the cases are concentrated, followed by Brooklyn, which has 28% of the cases.Â âDawn Kopecki
Nine European countries have called upon their EU counterparts to issue so-called ‘corona bonds’ â a new debt instrument that would combine securities from different European countries.Â
Corona bondsÂ are a controversial issue that has been dividing the 27-country region. Conservative policymakers in countries such as Germany, the Netherlands and Austria are often wary of the idea of issuing debt together with highly indebted nations, such as Italy, Greece and Portugal.Â âSilvia Amaro