Covid19 News

Stimulus bill details emerge, US cases top 46,000


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 398,000
  • Global deaths: At least 17,000
  • US cases: At least 46,500
  • US deaths: At least 590

The data above was compiled by Johns Hopkins University. 

1:24 pm: UK asks for 250,000 volunteers to help its health service cope with the virus outbreak

Military vehicles cross Westminster Bridge after members of the 101 Logistic Brigade delivered a consignment of medical masks to St Thomas’ hospital on March 24, 2020 in London, England.

Leon Neal | Getty Images

The U.K. government appealed for 250,000 “people in good health” to help its health service cope with the coronavirus outbreak.

Health Secretary Matt Hancock also said that final year medical students and student nurses would be moved to the National Health Service’s (NHS) “front line.”

“We are seeking a quarter of a million volunteers, people in good health, to help the NHS, for shopping, for delivery of medicines and to support those who are shielded to protect their own health,” Hancock told reporters. —Katrina Bishop, Ryan Browne

1:18 pm: Mortgage closings at risk as coronavirus shutters title and recording offices

Not even a month ago, thousands of borrowers were rushing to take advantage of record-low mortgage rates. Refinance applications soared over 400% annually, and homebuyers were out early and in force.

But now some of those loans are stuck in limbo as the in-person closing process can no longer be held.

Across the nation, state, county and local governments, including recording offices, have shut down or are at least limiting the number of people who may enter the office.

That puts the whole system at risk, as title insurers are less able to conduct the title research that goes into issuing a policy. The ability to record documents is also getting tougher as county recording offices close. —Diana Olick

1:12 pm: Cuomo fires back at Trump on coronavirus: No American will say speed up the economy at the cost of human life

New York Gov. Andrew Cuomo pushed back hard against the idea raised by President Donald Trump of easing restrictions from coronavirus mitigation efforts in an effort to revive the U.S. economy.

“I understand what the president is saying that this is unsustainable that we close down the economy and we continue to spend money. There is no doubt about that,” Cuomo said at a press conference in New York City.

“But if you ask the American people to choose between public health and the economy then it’s no contest. No American is going to say ‘accelerate the economy at the cost of human life,'” Cuomo argued. —Dan Mangan

1:03 pm: DC closes nonessential businesses, joining growing list of states and cities tightening restrictions amid coronavirus outbreak

More businesses in Washington, D.C. are closing to help curb the coronavirus outbreak. Mayor Muriel Bowser announced Tuesday that salons, barbershops and other services not related to emergency response will be shut down. The city previously closed schools, museums, libraries, fitness centers and other businesses. 

More states are ordering residents to stay at home during the coronavirus crisis, as the COVID-19 outbreak worsens in the U.S. 

A total of 13 states currently have orders to stay at home, including California, New York, Washington State and Illinois. Three states have advisories or instructions from their governors to remain at home. Four states have either cities or counties with stay-at-home orders. —Hannah Miller

12:55 pm: You can now pause payments on your federal student loans for 2 months. Here’s what experts say to keep in mind

Borrowers with federal student loans now have two options for relief if they suffer financial hardship from the coronavirus pandemic.

The Department of Education announced that all borrowers with federal loans will have their interest rates automatically set at 0% for at least 60 days, a measure first announced by President Donald Trump earlier this month. Now, borrowers with federal loans have the option to suspend payments completely for at least two months without accruing interest.

While the interest rate reduction is automatic, borrowers need to request the suspension of payment, called a forbearance, from their loan servicers online or by phone. This can help free up cash for other bills or financial obligations during the coronavirus crisis. —Alicia Adamczyk

12:44 pm: Microsoft CEO Satya Nadella says hardware supply chain coming back online, but demand is the issue

Microsoft CEO Satya Nadella said that the hardware supply chain is coming back online as the coronavirus outbreak eases up in Asia, but said that the big question would be whether demand holds up in the U.S. and Europe.

“On the supply side we are getting back on rails,” Nadella told CNBC’s Jon Fortt when asked about whether Microsoft would be able to deliver later this…



Source Website Stimulus bill details emerge, US cases top 46,000

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