Business

Coronavirus live updates: NYC coronavirus hospitalizations slowing

This is CNBC’s live blog, featuring all the latest news. Coronavirus outbreak. All times below are in eastern times. This blog will be updated throughout the day as soon as the news breaks.

  • Global cases: more than 1,446,500
  • Global death: at least 82,992
  • US cases: more than 399,900
  • American death: at least 12,911

The data above was compiled by Johns Hopkins University.

11:20 pm: TSA screens less than 100,000 people at USA airports

The Transportation Security Administration said on Tuesday the U.S. Screened just 97,130 people at airports, a record daily low and the latest sign of absent travel demand due to the coronovirus epidemic and measures to prevent it, such as stay-at-home orders. The decline in air travel is giving impetus to an industry that was increasing record numbers of passengers last year. The TSA says Tuesday’s figure is 95% lower than a year ago. – Leslie Joseph

10:58 pm: Wuhan imposes a travel ban after an 11-week lockdown. Here are some pictures

Pilot of flight MU2527 at the behest of China Eastern Airlines before takeoff at Tianhe International Airport in Wuhan in central China’s Hubei Province on April 8, 2020.

Cheng Ming | Xinhua News Agency | Getty Images

Wuhan, China lifted the travel ban on 8 April after an 11-week lockdown that put the city in a virtual quarantine and did not allow people to leave or enter the ground zero of the coronovirus epidemic. Watch scenes of residents taking advantage of their newfound freedom and leaving the city via planes, trains and automobiles. —Adam Jeffrey

10:30 am: Mnuchin expects New York to ‘reopen’ from Coronavirus compared to other parts of the US.

Treasury Secretary Steven Menuchin said he expected New York, the nation’s coronovirus outbreak, to “reopen” its economy compared to other parts of the country.

Mnuchin, a member of President Donald Trump’s Coronovirus Task Force, told CNBC’s “Squawk on the Street” that the administration is eager to restart areas of the American economy that are affected by the deadly epidemic.

But he hopes instead of prioritizing states’ economic output “we will open it on medical terms.”

“So obviously, we can open as much GDP as we want,” Mnuchin said, but “my expectations are that places like New York are going to be a bit taller.” —Kavin Bruninger

10:16 am: New York City slows in coronovirus hospital, city needs to ‘double down’ on repression, Mayor de Blasio says

Mayor Bill de Blasio said New York City has seen a slow need for ventilators and a steady hospitalization rate for coronovirus cases, but residents should “double”.

De Blasio said that cases of coronovirus may increase rapidly if they do not follow social-far-reaching and asylum-based policies.

“We’re seeing some leveling now,” De Blasio said at a press conference. “Something has started moving.”

He continued, “We have to be careful not to take this preliminary information and make more than we should.”

The city and surrounding counties in New York State have been the epicenter of COVID-19 outbreaks in the United States. -Dan Mangan, Noah Higgins-Dunn, William Feuer

10:13 AM: White House adviser Drs. Mouh says, ‘Coronovirus outbreaks should start for deaths after a bad week.

White House Health Adviser Drs. Anthony Fauci said coronovirus deaths will continue to climb in the US this week as new cases near their peak and hospitalization rates slow.

“This is a bad week for deaths,” said Fox News, director of the National Institute of Allergy and Infectious Diseases.

Fauci said deaths usually lag behind other aspects of the outbreak, such as new cases and hospitalizations. He said that new cases are at their peak and the rate of hospitalization is low.

Later this week, the U.S. Should see “the start of a turnaround”, Fauci said. —Berkeley Lovelace Jr.

9:40 am: Treasury Secretary Mnuchin says that the government will not withdraw money for small traders

Treasury Secretary Steven Menuchin told CNBC that small businesses should not worry about their odds of receiving relief money from the federal government.

When asked by CNBC’s Jim Kramer about the White House’s work with the Small Business Administration, Munnuchen said he believed Congress would approve the additional money on top of the original $ 350 billion already disbursed.

“Jim, we are raising more than $ 2 trillion for our COVID relief. We are increasing it throughout the curve and we have a tremendous demand for the Treasuries of America,” Mnuchin said. “Everyone Wants to Buy the American Treasury: It’s Safe Shelter.” —Thomas Frank

9:34 am: The Dow raises the 300 mark after this week with a potential virus turnaround.

Stocks expected the number of new coronavirus cases to begin to decline. The Dow Jones Industrial Average jumped more than 300 points on Wednesday’s open, or 1.4%. The S&P 500 climbed 1.1% while the Nasdaq Composite advanced 1.3%.

In American, the number of daily increases in coronovirus cases has fallen since Friday, according to data from Johns Hopkins University. The daily increase in global affairs has also fallen since.

Director of the National Institute of Allergy and Infectious Diseases, Drs. Anthony Fauci said Wednesday that the US death toll related to coronovirus is now lower than it initially did, and that there should be a change later this week. However, he emphasized that mitigation efforts should be intensified. -Fred Embert, Maggie FitzGerald

9:25 am: An animated map showing the latest spread of coronavirus worldwide

8:33 am: WHO responds to Trump’s threat to cut funding – ‘now is not the time’

The WHO has responded to its funding cuts over President Donald Trump’s threat, saying the move would not be appropriate during the global coronovirus epidemic.

WHO’s Regional Director for Europe, Drs. “We are in the acute phase of an epidemic, so now is not the time to cut funding,” Hans Cluj said on Wednesday.

Trump on Tuesday attacked the United Nations Health Agency, claiming that it found “every aspect” of the coronovirus epidemic wrong and threatened to extort money from the body. -Holly Eliot, Don Kopecky, Berkeley Lovelace

8:22 am: Pelosi and Schumer push for emergency coronavirus bill with at least $ 500 billion in aid

Congress’s top Democrats pushed for an “interim” emergency coronavirus bill to provide at least $ 500 billion in relief for small businesses, hospitals, states and food aid programs.

In a joint statement, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer endorsed $ 250 billion in loans to small companies – a Trump administration has requested and Senate Majority Leader Mitch McConnell aims to pass through the Senate on Thursday . It would add $ 350 billion in aid approved as part of a $ 2 trillion emergency package passed last month. The Trump administration has reported high demand for loans.

Democrats want the stopgap law to move forward as the coronovirus epidemic sweeps across the country, increasing health care resources and state budgets and closing schools and businesses. Here’s what Pelosi and Schumer said. —Jacob Prom

8:07 pm: Boris Johnson of Britain ‘responds to treatment’ after spending second night in intensive medical care

UK Prime Minister Boris Johnson is stable and is “responding to treatment” after spending a second night in intensive treatment, his spokesman said on Wednesday.

The spokesperson clarified that the Prime Minister is “not working” but has the ability to contact those he needs to reach. Foreign Secretary Dominic Raab is currently on deputation for Johnson.

Johnson, 55, was taken to the intensive care unit at St Thomas’ Hospital in London on Monday evening, where his coronovirus symptoms worsened. -Holly Eliot

7:21 am: Empty hotel coronoviruses convert to quarantine, emergency accommodation ‘keep the lights on’

Kent Quarantine Motel is depicted in Kent, Washington State on March 9, 2020. The plan to establish a “quarantine motel” in the US state of Washington’s coronavirus virus sub-center has infected local residents who fear they will be exposed to a higher risk of infection. .

Michelle W. Martin | AFP | Getty Images

Ways are being found in cash-strapped and vacant hotels nationwide to convert lights into coronovirus wards or temporary accommodation for National Guard or tired doctors and nurses.

It provides some of the much needed revenue for an industry brought to its knees by the COVID-19 outbreak that spans over 1.4 million people in almost every country worldwide. World, national, state and local leaders have imposed various travel restrictions, closed tourist attractions, issued extensive asylum-in-order orders and even authorized fines for those Those who do not follow social balance rules.

Hotels, large and small, are looking for ways to avoid unprecedented economic decline, with some getting financial relief in government involvement with housing medical staff and military personnel on the front. —Will Feuer, Emma Neuberger

7:13 AM: US announces contract with GM to produce ventilator

The Department of Health and Human Services announced the first contract with GM for ventilator production under the Defense Production Act, which was implemented by President Donald Trump last month.

GMH’s contract is worth $ 489.4 million, HHS said in a release, and the carmaker expects to produce 30,000 ventilators for the strategic National Stockpill by August.

“GM and Ventech Life Systems are working swiftly and promptly to arm front-line medical professionals with critical care ventilators,” GM said in a statement. “We remain dedicated to working with the administration to meet the needs of the American innovation and manufacturing country during this global epidemic.”

Trump ordered GM to produce the devices under the Defense Production Act on March 27, after which the automaker announced a partnership with Ventech to manufacture critical care ventilators at one of GM’s component plants in Indiana. -Will feuer

7:05 am: ‘Corona Bond’: Here the idea of ​​Germany and Netherlands is opposed

6:55 pm: Tesla will pay staff salaries and lay off employees

SpaceX founder Elon Musk, SpaceX Falcon 9 rocket, crew at a post-launch news conference after the Dragon spacecraft takes off from the Kennedy Space Center in Canada, Florida, March for an unannounced test run to the International Space Station. Was lifted on the flight. 2, 2019

Mike Blake | Reuters

Tesla will cut salaries for all its salaried employees and stop hourly employees until May 4, when it intends to resume production of electric cars, according to an internal e-mail, which many employees told CNBC Shared with you. Salary cuts are expected by the end of the second quarter.

Health orders implemented to curb the proliferation of COVID-19 forced Elon Musk’s electric car company to cease production at its main vehicle assembly plant in Fremont, California.

The new salary cuts follow Tesla’s first-quarter vehicle production and delivery report, which makes investors happy – the company said it delivered about 88,400 vehicles and produced 103,000 in Q1. Tesla has yet to withdraw guidance it has given investors for 2020, stating that it should exceed 500,000 vehicle deliveries for the year “comfortably”. -Lora Kolodny

6:04 am: Daily death toll in Spain rises 757 to 14,555

The Health Ministry said that coronovirus died daily in Spain after 757 people died in the last 24 hours. On Tuesday, the death toll rose 743 from the previous day.

The ministry said the total number has grown to 14,555. The total number of confirmed cases in the country rose to 146,690 from 140,510 on Tuesday. —Sam Meredith

5:33 am: American coronavirus cases 400,000, double in a week

The number of nationally confirmed coronovirus cases, according to data provided by NBC, has crossed 400,000, with 12,864 fatalities nationwide.

The world’s largest economy has recorded the most COVID-19 infections of any country worldwide, with the total number of cases now nearly five times that of China – where the virus first identified in December went. However, US officials have questioned whether China has confirmed all in the country.

The US confirmed an additional 169 cases in Missouri on Wednesday, with data provided by NBC bringing the number of infections nationwide to 400,018. NBC’s count is slightly higher than Johns Hopkins University, which counted 399,929 cases as of Wednesday morning. —Sam Meredith

5:27 am: European markets decline as imminent recovery fades

European markets traded low as optimism over imminent recovery from coronavirus.

Pan-European stocks 600 fell 1% in early trading, causing oil and gas stocks to decline by 2.7%, while the tech sector gained 0.3%.

Global markets are constantly monitoring expectation and there is a fear that an epidemic of coronovirus is going on. There was optimism that the virus may begin to slow its spread, but the end of the outbreak stops somewhat. – Elliot Smith and Holly Eliot

Read CNBC coverage from CNBC’s Asia-Pacific and Europe teams here overnight: American coronavirus cases top 400,000; Spain’s death toll rises above 14,500

Back to top button