This is the 24-hour CNBC blog covering all the latest news on the coronavirus epidemic. All times below are in Eastern time. This live blog will be updated throughout the day as the news stops.
- Global cases: over 298,000
- Global deaths: at least 12,755
- U.S. cases: at least 23,480
- Deaths in the United States: at least 278
The above data come from Johns Hopkins University.
16:28: New York-Presbyterian Hospital seeing an almost 50% increase in potential COVID-19 patients
The Presbyterian hospital in New York is experiencing a sharp increase in COVID-19 cases, according to a letter sent to NBC News staff. “Today, the New York police have about 300 patients hospitalized with COVID-19 antigens, with about 200 waiting for the test results,” reads the letter from Dr. Craig Smith, chief surgeon at the New York-Presbyterian Hospital / Columbia. University Medical Center. “This is approaching a 50% increase in one day.”
The New York hospital system is anticipating the peak of COVID-19 volume within 22-32 days, Smith wrote. At that point, the hospital system will need between 700 and 934 intensive care beds, which exceeds the current capacity of the hospital system, Smith wrote.
“This was a very active day, during which the real data became alarming,” he wrote. “I wish I could use a more comforting word.” – Kevin Stankiewicz
3:20 pm: Trump: “I don’t know” if my businesses will get assistance
President Donald Trump has said he is not sure that his affairs will receive financial assistance as part of the coronavirus rescue packages considered by Congress.
“I don’t know. I mean, I just don’t know what government assistance would be for what I have,” Trump said at a White House briefing. “I have a hotel. Everyone knew I had a hotel when I was elected. They knew I was a successful person when I was elected, so it’s one of those things.”
The travel and tourism industry of the United States has asked for $ 150 billion in aid to compensate for a drastic drop in travel due to the coronavirus. – Kevin Stankiewicz
15:17: FDA grants “emergency use” coronavirus test which can deliver results in 45 minutes
Diagnostic firm Cepheid said it received emergency clearance from the U.S. Food and Drug Administration to use its rapid molecular test for patients under treatment who can detect the virus causing COVID-19 in 45 minutes.
This is the first coronavirus test that can be conducted entirely at the patient point of care and deliver results in less than an hour. Typically, tests are sent to central reference laboratories which can take several days to provide results.
Cepheid uses a test machine called GeneXpert which can perform a complete test in 45 minutes. There are currently more than 23,000 automated GeneXpert systems worldwide, including nearly 5,000 in the United States, Cepheid said in a statement. –Jade Scipioni
3:01 pm: Pence will be tested after staff give positive results
Vice President Mike Pence said on Saturday that he will be tested for coronavirus after a member of his office has tested positive. Pence said that he and his wife, Karen Pence, will both be tested on Saturday.
The staff member’s positive diagnosis was announced on Friday.
“Neither President Trump nor Vice President Pence had close contact with the individual,” said Vice President’s press secretary Katie Miller in a statement on Friday. “Further contact tracking is conducted in accordance with the CDC guidelines.” –Kevin Stankiewicz
14:51: New York area, Philly airports stop air traffic following some personnel problems
Flights to major New York airports have been halted for a short time as coronavirus continues to cause staffing problems in air traffic control facilities across the country, the Federal Aviation Administration reported. –Leslie Josephs
14:33: fraudsters, fueling investors’ fears, imitate the frauds of the 2008 financial crisis
Coronavirus scams are emerging and many seem very similar to the frauds of the 2008 financial crisis.
Government agencies such as the Federal Trade Commission and Federal Deposit Insurance Corp. issued warnings this week that Americans were vigilant as the scam artists attempt to steal consumers frightened by an onslaught of bad news related to COVID-19.
In many ways, the current crisis and its 2008 predecessor are quite different: this is caused by a pandemic that has infected over 250,000 worldwide and the other by large and systemic failures in the financial system. –Greg Iacurci
14:20: Coronavirus cases cause a stop on the ground at New York City airports, says the FAA
Two JetBlue planes sit in New York’s John F. Kennedy airport on March 13, 2020. in New York City. President Donald Trump cancels all flights between Europe and the United States this Friday due to the expansion of Covid-19.
Pablo Monslave | Getty Images
Air traffic to major airports in the New York City area has been stopped, the Federal Aviation Administration said, as coronavirus continues to cause staffing problems at FAA facilities across the country.
An air traffic controller trainee based at a control center on Long Island tested positive for the virus, COVID-19, said the FAA. The trainee has not been in the facility since March 17, but the agency is working with local health authorities to disinfect and clean the affected areas. The center is operational, he said.
Flights were delayed or canceled after the FAA closed other air traffic control facilities across the country, including the towers of Chicago’s Midway International Airport and McCarren International Airport, after technicians and others tested positive for the virus. –Leslie Josephs
2:02 pm: New York restaurants face massive layoffs while coronavirus paralyzes economic life
Restaurants and bars in the nation’s largest city, world famous for its food and nightlife, are closing down and firing people en masse as the state takes drastic measures to stop the spread of the deadly coronavirus.
Governor Andrew Cuomo has effectively closed bars and restaurants to the public across New York this week, issuing an order that limits them to take them away and deliver them, in an attempt to prevent people from gathering by imposing “social distancing” on one of the states most difficult affected by the virus in the United States.
The governor took even more drastic measures on Friday when he ordered nonessential businesses to send 100% of their workforce home. Restaurants and bars are still allowed to provide delivery and delivery services, which are considered essential, according to the governor’s office. –Spencer Kimball
13:50: Amazon will pay overtime ‘hourly’ for warehouse workers
Amazon has said that its hourly wages double for its employees who work overtime in its U.S. warehouses as demand continues to grow because of the coronavirus.
“All hourly workers working in the United States’ operating network will receive twice their regular hourly rate for each hour of overtime worked in a working week,” Amazon said in a statement to CNBC. “This temporary increase in overtime is in effect from March 15, 2020 and will continue until May 9, 2020.”
Reuters was the first to report the news. Amazon said hourly workers will qualify for double pay after 40 hours. The announcement followed a similar one on Monday, when the e-commerce giant raised the hourly membership fee from $ 15 to $ 17. –Jade Scipioni
13:36: NJ Governor orders the closure of non-essential commercial activities, issues a residence order for almost all residents
New Jersey Governor Phil Murphy
Scott Mlyn | CNBC
New Jersey governor Phil Murphy has signed an executive order that requires “almost all” state residents to stay home, NBC New York reported.
“All matches are canceled,” tweeted Murphy. “ALL non-essential retail businesses must close their physical stores indefinitely to the public from 9:00 pm. [Saturday night].
In New Jersey, 1,327 people tested positive for the COVID-19 test, Murphy said 442 more cases on Saturday than the previous day. To date, 16 people have died from the virus, Murphy said. –Terri Cullen
13:25: number of cases in Italy, deaths continue to rise
The sad Italian account of coronavirus cases and deaths continues to rise, with officials announcing new daily highs: 793 deaths and 6,557 cases.
The country, in the heart of the outbreak of western Europe, now has 53,578 known cases.
Over 60 percent of the latest deaths have occurred in the northern region of Lombardy, whose hospitals have been wrapped in an incredible workload that has left the ICU beds difficult to find and that respirators are in serious danger. The new hikes come almost two weeks into a national bloc in a desperate attempt to contain the infection. –Associated Press
13:23: the United Arab Emirates close beaches, parks, swimming pools, cinemas and gyms
The United Arab Emirates has closed beaches, parks, pools, cinemas and gyms since Sunday for two weeks due to coronavirus problems, state-run WAM news agency reported Saturday.
Restaurants and cafeterias will be allowed to operate for the same period at 20% of capacity and as long as customers are at least two meters away and, for delivery services, subject to revision. –Reuters
13:02: Kudlow says the coronavirus rescue package is worth over $ 2 trillion
Larry Kudlow, director of the United States National Economic Council, speaks during a television interview at the White House in Washington, DC, the United States, Thursday January 30, 2020.
Alex Edelman | Bloomberg | Getty Images
The stimulus package being negotiated in the Senate to combat the economic damage caused by the coronavirus pandemic will likely amount to over $ 2 trillion, White House economic adviser Larry Kudlow said on Saturday. The package accounts for approximately 10% of U.S. economic output, Kudlow told reporters as he went to a meeting with Republican senators on Capitol Hill. “We are just trying to cover the right foundations,” said Kudlow. –Emma Newburger
12:55 pm: The relief package must include extended social security payments, Sens say. Warren and Wyden
The next economic aid package for coronavirus must include increased payments for social security recipients, US psychic Elizabeth Warren, D-Mass., And Ron Wyden, D-Oregon, written on Saturday in a CNBC editorial. “These Americans are afraid of their increased risk of serious disease – and are afraid of the future as they watch their retirement savings disappear as the pandemic shocks of the American economy,” they wrote.
Senators are asking for a $ 200 increase in monthly allowance payments by the end of 2021. In addition to Social Security beneficiaries, Warren and Wyden wanted monthly payment increases for veteran beneficiaries and supplementary safety income (SSI). –Kevin Stankiewicz
12:06 pm: USA Track joins swimming pushing for the Olympic postponement
US Olympic leaders face growing rebellion after the US athletics chief added the request to postpone the Tokyo Games due to the growing coronavirus crisis.
CEO Max Siegel sent a two-page note to his counterpart to the United States Olympic and Paralympic Committee, Sarah Hirshland, asking the federation to sustain a delay. It arrived late Friday, just hours after the CEO of USA Swimming sent a similar letter.
National committees in Norway and Brazil also went public with requests for referral. –The Associated Press
11:44 am: Stitch Fix temporarily closes two distribution centers due to coronavirus
Katrina Lake, CEO of Stitch Fix
Adam Jeffery | CNBC
Stitch Fix announced Friday that it will temporarily close two of its distribution centers, one in California and the other in Pennsylvania, due to the coronavirus.
“As a result, please bear with us if your correction arrives a little later or your return is processed later than expected while we handle these changes. We will do our best to communicate with you individually in these cases, please know our team is working hard to make sure your experience is still the best possible, “said Katrina Lake, CEO of Stitch Fix.
The online personal styling service has four other facilities in the United States. The company also said it plans to pay its employees affected by the short-term closings and “will continue to consider doing so if the closings are extended.” Founded in 2011, Stitch Fix went public in 2017. —Amanda Lasky, Jade Scipioni
10:50 am: Facebook’s response to the coronavirus could improve its reputation
10:17 am: Google launches the coronavirus information site to help find tests
Google quit its long-awaited coronavirus testing website on Friday night. The platform allows users to fill in a questionnaire and learn how to get tested for the virus. It also provides resources for safety and prevention and a donation option to the Solidarity Fund COVID-19 of the UN Foundation for the World Health Organization. —Emma Newburger
10:05: Congress is working on a $ 1 trillion rescue package, but may not be enough for US businesses
Congress is rushing to put together a third aid package for the coronavirus – and lobbyists are flooding the phones.
Lawmakers this weekend are pushing to meet White House’s Monday deadline to come to an agreement on a bailout package that will likely exceed $ 1 trillion dollars. Executives focused on the language in the Senate Republicans’ initial proposal allocating a portion of these funds to large corporations.
The bill channels $ 50 billion to airlines, $ 8 billion to cargo air carriers and $ 150 billion to other “troubled companies” – a category that leaves you indefinitely. But companies have no interest in leaving the definition of “severely troubled business” to the Treasury. —Lauren Hirsch
10:04: S&P 500 could hit record highs early next year, JPM says
The S&P 500 could return to record levels early next year if U.S. efforts to contain the work of coronavirus outbreak and the government can quickly move forward with fiscal stimulus to cushion the impending economic blow, he said. JPMorgan’s top US equity strategist on Friday. Dubravko Lakos-Bujas wrote in a note to customers that he expects the S&P 500 to reach 3,400 in early 2021. This would exceed the all-time high of 3,386 set on February 19. –Fred Imbert
9:19: German cases increase by over 2,000
The number of confirmed coronavirus cases in Germany increased by 2,705 in one day to reach 16,662, the Robert Koch Institute for Infectious Diseases said on Saturday.
He said a total of 47 people died after testing positive, an increase of 16 compared to a count of 31 released on Friday. –Reuters
8:30 am: WHO offers advice on living in quarantine
Do not smoke, limit drinking, exercise and try not to watch too much news.
These are some of the World Health Organization’s advice to stay physically and mentally healthy while living in quarantine. The new coronavirus born in Wuhan, China, less than three months ago, has spread to over 300,000 people in almost every country in the world.
More than 100 million people around the world live in some form of social isolation as public officials struggle to contain the COVID-19 epidemic that has already caused over 12,000 victims. —Dawn Kopecki
8:15 am: hospitals seek emergency credit and $ 100 billion in U.S. aid
Medical workers and other officials gather outside the Brooklyn hospital center, where tests for coronavirus began on March 19, 2020 in the Brooklyn district of New York City.
Spencer Platt | Getty Images
U.S. hospitals are setting up coronavirus wards and tents, seeking emergency credit lines and lobbying Washington for a $ 100 billion stabilization fund to help cope with the expected onslaught of patients as the pandemic sweeps the nation.
“We believe that hospitals and healthcare systems should be the number one priority for Congress right now,” said Robyn Bash, vice president for government relations at the American Hospital Association.
The AHA estimates that some hospital systems are losing up to $ 1 million per day and that costs are rising. In many states, hospitals have been forced to cancel all elective surgical operations, along with non-emergency procedures that generate higher revenue for their facilities. At the same time, staff are increasing to manage the anticipated influx of patients in acute therapy and spending on all acute therapy equipment they can find. —Bertha Coombs
7:43: confirmed cases in Spain approach 25,000 as more than 1,300 people die
The Spanish health ministry said Saturday that 1,326 people had died from coronavirus in the country, an increase of 324 the day before. The total number of confirmed cases is now 24,926.
It comes after Isabel Diaz Ayuso, the president of the Madrid region, said on Friday that most people in the Spanish capital will receive the coronavirus. Speaking on state radio on Thursday, he said eight out of 10 people in the city would contract COVID-19.
Spain is second only to Italy in coronavirus-related cases and deaths in Europe, which has become the epicenter of the epidemic. WHO has advised all countries to adopt a mix of interventions based on an analysis of the local situation and context, with containment as the main pillar. —Katrina Bishop and Sam Meredith
6:21: Iran’s death toll exceeds 1,500 while confirmed cases in the country continue to rise
The number of people who died from coronavirus in Iran has reached 1,556 – an increase of over 100, a health ministry spokesman said, Reuters reported.
Speaking on state TV, Kianoush Jahanpour said that the total number of confirmed cases was now 20,610.
Iran has the fifth highest number of virus cases in the world, according to data compiled by Johns Hopkins University. It comes behind China, Italy, Spain and Germany.
Iranian President Hassan Rouhani said on Saturday that the country had to “do whatever it takes to bring economic production back to normal,” Reuters said. Rouhani said that social removal measures would likely be lifted in 2-3 weeks. –Katrina Bishop
2:40 am: Starbucks will close most cafes in the United States and Canada
Starbucks said it will close most of the company-owned coffees across North America for two weeks and that the service will be limited to drive-throughs, helping to slow the spread of the virus, according to a Reuters report.
Cafes inside or near hospitals and health centers will be exempt from closure, he said. —Weizhen Tan