This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks.
- Global cases: More than 287,00
- Global deaths: At least 11,921
- U.S. cases: At least 19,931
- U.S. deaths: At least 275
The data above is from Johns Hopkins University.
1:36 pm: New Jersey Gov. Phil Murphy orders nonessential retail businesses to close by Saturday night
New Jersey Gov. Phil Murphy
Scott Mlyn | CNBC
New Jersey Gov. Phil Murphy signed an executive order mandating that “nearly all” state residents stay at home, NBC New York reported.
“All gatherings are canceled,” Murphy tweeted. “ALL non-essential retail businesses must indefinitely close their physical stores to the public effective 9:00 p.m. [Saturday night].
In New Jersey, 1,327 people have tested positive for COVID-19, Murphy said Saturday, 442 more cases than the previous day. To date, 16 people have died from the virus, Murphy said. —Terri Cullen
1:25 pm: Italy’s number of cases, deaths continue to soar
Italy’s grim tally of coronavirus cases and deaths continues to soar, with officials on Saturday announcing new day-to-day highs: 793 dead and 6,557 cases.
The country, at the heart of western Europe’s rampaging outbreak, now counts 53,578 known cases.
More than 60 percent of the latest deaths occurred in the northern region of Lombardy, whose hospitals have been reeling under a staggering caseload that has left intensive care beds hard to find and respirators in dire supply. The new increases come nearly two weeks into a national lockdown in a desperate bid to contain the contagion. —Associated Press
1:23 pm: UAE shuts beaches, parks, pools, cinemas, and gyms
The United Arab Emirates is shutting beaches, parks, pools, cinemas and gyms from Sunday for two weeks over coronavirus concerns, the state news agency WAM said on Saturday.
Restaurants and cafes will be allowed to operate for the same period at 20% of capacity, and as long as customers are at least two metres apart, and for delivery services, subject to review. —Reuters
1:02 pm: Kudlow says coronavirus relief package worth more than $2 trillion
Larry Kudlow, director of the U.S. National Economic Council, speaks during a television interview at the White House in Washington, D.C., U.S. on Thursday, Jan. 30, 2020.
Alex Edelman | Bloomberg | Getty Images
The stimulus package under negotiation in the Senate to combat the economic damage from the coronavirus pandemic will likely total more than $2 trillion, White House Economic Advisor Larry Kudlow said on Saturday. The package is equal to about 10% of U.S. economic output, Kudlow told reporters as he went to a meeting with Republican senators on Capitol Hill. “We’re just trying to cover the right bases,” Kudlow said. —Emma Newburger
12:55 pm: Coronavirus relief must include expanded Social Security payments, Sens. Warren and Wyden say
The next coronavirus economic relief package must include increased payments for Social Security recipients, U.S. Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Oregon, wrote Saturday in a CNBC op-ed. “These Americans are scared about their heightened risk for severe illness — and scared about the future as they watch their retirement savings disappear as the pandemic shocks the U.S. economy,” they wrote.
The senators are calling for $200 increase in the monthly benefit payments through the end of 2021. In addition to Social Security recipients, Warren and Wyden wanted monthly payment increases for Veterans and Supplemental Security Income (SSI) beneficiaries. —Kevin Stankiewicz
12:06 pm: USA Track joins swimming in pushing for Olympic postponement
U.S. Olympic leaders face a growing rebellion after the USA Track and Field chief added to the call for a postponement of the Tokyo Games because of the mushrooming coronavirus crisis.
CEO Max Siegel sent a two-page note to his counterpart at the U.S. Olympic and Paralympic Committee, Sarah Hirshland, asking the federation to advocate for a delay. It came late Friday, only a few hours after USA Swimming’s CEO sent a similar letter.
The national committees in Norway and Brazil also have each went public with requests to postpone. —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 Fix arrives a little later or your return is processed later than planned while we manage through these changes. We will be doing 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 it can possibly be,” Stitch Fix CEO Katrina Lake said in a statement.
The online personal styling service…
Source Website New Jersey shuts down nonessential businesses