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coverage in blogs this life has ended – but for up-to-the-minute coverage on coronavirus,
Effective Tuesday, March 17, Sutter says would be to postpone all elective procedures at local hospitals that can safely be rescheduled. “This decision was made in an effort to help preserve the capacity to address the critical needs that arise,” said CNBC’s health system. , Sutter says it will go ahead with this procedure, but was later shifted policy. -Christina Farr
This country can be made to close her school, concerts, sporting events, shops, and even bars and restaurants, however.
“It is important for the market to remain open, and for them to function in a fair and orderly, because they have,” Stacey Cunningham, president, tweeted out this afternoon.
He is not alone. Directive to keep open the market goes as high as the Minister of Finance. “We intend to maintain open markets,” he said Friday on CNBC. “It’s a sign of confidence to the people. There are people who want to come and buy. We wanted to have an open market.” -Bob Pisani
and offer financing programs to spur sales of new vehicles in the middle of an outbreak of coronavirus, which is hurting consumer confidence and slowing traffic dealer showrooms.
GM, through GM Financial arm, is – two years of the new program – and a four-month suspended payments for those with A + credit. People with lower ratings from A1 to qualify for the delay, but not 0% financing, the company confirmed Monday.
These new programs come as much hope pandemic car sales COVID-19 to give the US a significant impact. -Michael Wayland, Phil LeBeau
chief operating officer Sheryl Sandberg said on Monday.
Asked by Bloomberg Emily Chang Monday how the advertising business Facebook is positioned to weather the slump caused by the spread of COVID-19, Sandberg offered the following: “This will not be business as usual, and the marketing industry is certainly going to see the impact I do not think anyone knows how big .. So we will watch and see. “
” we know that we can continue to pay employees, pay our contractors, we know we can keep the lights on, “Sandberg said. -Sal Rodriguez
At first, US retailers are most concerned about the manufacturing facilities were disrupted by in China, where the virus originated. While some manufacturing operations to get back up and running ,.
The disorder has begun to affect the delivery of goods to the retailer for a season back-to-school, analysts said. And if the situation persists, it could end up hitting the holiday shopping season, when many retailers make most of their profits.
“In 25 years, I have never seen anything like this,” said parcel and logistics platform to manage ShipMatrix President Satish Jindel. “There is a psychological element, which is very difficult to predict. … This is a situation that has never happened before.” -Lauren Thomas
Monday asked for his response to the outbreak of coronavirus company.
fast-food giant plans to close the dining room at company-owned locations in the US Customers will be able to order food and drink them for takeout or delivery or through the drive-thru. McDonald has about 5% of the approximately 14,000 of its US restaurants. -Amelia Lucas
Telemedicine service is more important now than ever. But some hospitals say their technology tools strike, as.
At the Cleveland Clinic, which encourages patients to worry about the symptoms of coronavirus using virtual service called Express Care Online, three providers told CNBC that the technology has been spotty all day, fell several times, and resulted in a delay of more than an hour ,
hospital chain has asked through social media that patients avoid going straight to the emergency room, so that the ER can be stored for critical cases. Instead, he has asked them to use the Express Care Online so that patients can stay at home to recover can do it without infecting others. -Christina Farr
night sketch comedy show “Saturday Night Live” has decided Mar 28th episode will not air events and has stopped production of future episodes until further notice, said NBCUniversal. “The safety of our employees continue to be our top priority,” the company said in a statement. “We will monitor the situation closely and make a decision about an upcoming event on sustainable basis as more information develops. “The March 28 episode will be hosted by actor John Krasinski and music features a two Lipa. Krasinski last week announced that the film ‘A Quiet Place Part II’ has postponed the release date, as moviegoers who are not going to – Sarah Whitten
Disclosure: .. Comcast is the parent company of NBCUniversal and CNBC
President on Monday to follow during the next 15 days to try the “slow the spread” of the coronavirus pandemic grows. the to sharply restrict their normal behavior when it comes to eating out, shopping and socializing.
Trump laid out the guidelines at the White House press conference on the day that the saw rising above 4,000. A as states and municipalities take – Dan Mangan
Regal subsidiary of Cineworld, said that from Tuesday it would close all 542 public movie theaters. “any time, any Regal, it is our goal to provide an environmental n safe and healthy for employees and our guests, “mooky Greidinger, Cineworld CEO, said in a statement. “At this time, we have made the difficult decision to close our cinema. We appreciate our customers love movies and have no doubt we will serve them again as soon as possible with a full slate of Hollywood movies.” the company did not give a deadline for when the cinema will reopen. -Sarah Whitten
The US government is better for coronavirus than the 2008 financial crisis, Morgan Stanley Michael Zezas told CNBC on Monday.
“Unlike the financial crisis, there is really not much of a problem of moral hazard here,” the bank’s head of US public policy research, ‘Squawk on the Street.’ “You’re not some sort of rescue people from making bad decisions from themselves.” -He Stankiewicz
In the midst of bad news piled up from COVID-19, one of the positive developments emerged on Friday. Interest federal student loans until further notice
It’s never happened before and recognition by the government of how closely this pandemic could squeeze American finance. Over the last decade, average interest rate of federal student loans have been around 5.5%, according to higher education expert Mark Kantrowitz. Meanwhile, the typical monthly student loan bill is close to $ 400 -Annie Nova
Federal Reserve Board announced an emergency rate cut on the Sunday, March 15 lowered interest rates to near zero. The interest rate cut came less than two weeks after the Federal Reserve cut interest rates by half a point and a sign of continued efforts to minimize the economic impact of coronavirus.
“The effects of the coronavirus will weigh on economic activity in the near term and posing a risk to the economic outlook, in view of these developments, the Committee decided to lower the target range for the federal funds rate of 0 to 1/4 percent,” said the Fed in a statement.
The Fed cut the rate last cut interest rates by 100 basis points, compared with 50 basis points of rate cuts Mar. 4, This is likely to lead to a 1% decrease in interest rates on financial products, such as credit cards, mortgages, loans, savings and more.
But how the decline in interest rates of 1% actually saves on existing debt? and explain the effect of the emergency Fed rate cuts have your credit card interest rates. -Alexandria White
Public health officials from six Counties Bay Area, including San Francisco, Santa Clara, San Mateo, Marin, Contra Costa and Alameda counties, signed in support.
“We know these measures would significantly interfere with the day to day life of society, but they are absolutely necessary,” said Breed. “It will be a defining moment for our city and we all have a responsibility to do our part to protect our neighbors and slow the spread of this virus to stay home unless absolutely necessary to go outside.”
The state of California, there are more than 470 confirmed cases, according to Johns Hopkins University. confirmed cases of collective Bay Area is more than half of the total number of cases of California, said in a statement the district. -Is Feuer
is in the US to meet the rising demand of online shopping in the middle of an outbreak of coronavirus, the company said.
The company is looking to add additional storage and delivery workers. It would raise wages for these employees with a $ 2 per hour in the US, £ 2 per hour in the UK, and around € 2 per hour in many EU countries. Amazon currently pays $ 15 per hour or more in someUS field -Annie Palmer
United States Centers for Disease Control and Prevention says one, the first employee known as respiratory diseases.
The CDC says employees are not involved in the response effort COVID-19 institution and not yet present in the workplace CDC since 6 patients in good condition and isolated to prevent the spread of infection to others in March.
“The CDC is considering and taking all necessary measures to better protect the health and safety of our workforce,” the agency said in a statement. “The desire of the best we went to the employee for a quick and full recovery.” -Berkeley Lovelace
ended, marking the worst day since the financial crisis in 1987. The major share average extended losses late in the session after President Donald Trump said coronavirus crisis in the US could extend into August. He also told reporters the US “may be” heading into a recession. -Sara Salinas, Fred Imbert
The Department of Defense announced it would keep the two highest ranking officials, Secretary Mark Esper and deputy David Norquist, in the Pentagon as a precaution to prevent the spread of coronavirus.
reservation Pentagon employs more than 22,000 people making it one of the largest office building in the world
Currently, there are 37 known cases of COVID 19 in the Department of Defense .: 18 member-active ministry, three civil servants, 13 dependents and three contractors. -Amanda Macias
towards their morning lows after President Donald Trump says that the worst of the outbreak could last until August. Down 10.5% and down 2,646 points, or 11.4%. traded 10.4% were lowered. -Fred Imbert
President Donald Trump said coronavirus crisis in the US could. Updates that came one day after the CDC encourages Americans to limit meetings and events during the eight weeks.
Trump also said that his government may see lockdowns for “specific areas” or “hot spots” in the country, but said he did not consider the full national lockdown. “At this time, no, we’re not,” said Trump. -Sara Salinas, Mike Calia
Major League Baseball until mid-May at the start on Monday as a new coronavirus as the federal government’s recommended limit of events more than 50 people over the next eight weeks. Baseball Commissioner Rob Manfred made the announcement after a conference call with executives from 30 teams.
“The clubs remain committed to playing the game as much as possible when the season starts,” the commissioner’s office said in a statement. -Associated Press
Senate Minority Leader Chuck Schumer is to combat the plague, his office said. The plan will “get the money directly into the hands of the American people” and includes the steps of affordable health care, patience federal loans, a moratorium on evictions and foreclosures, aid for small businesses and emergency child care, according to his office.
“We’re going to need some attention, a large, federal urgent to deal with this crisis,” Schumer, D-NY, said in a statement. “The types of targeted action we are putting together will be the main stream of money into the economy and into the hands of families who need it most important, this proposal will also ensure the medical professionals we have all the resources -. Including physical space and equipment – they need to provide treatment and stay safe with, among other people-focused initiatives. ” -Jacob Pramuk
Members of the task force created to address the outbreak of the deadly coronavirus hold a press conference at the White House as the authorities take drastic measures to slow the spread of the disease. You can . -Yelena Dzhanova
Officials in San Francisco, California, and France each resident was ordered to stay at home in an attempt to slow the spread of COVID-19.
San Francisco Mayor of London Breed said, “Effective at midnight, San Francisco will need people to stay at home except for essential needs. The functioning of government is needed and important store will remain open.” Breed is expected to announce for the next three weeks at a press conference Monday afternoon, the San Francisco Chronicle reported.
President of France Emmanuel Macron issued, said the movement of French citizens will be very limited for 15 days. Macron also said he would close the country’s borders as of Tuesday afternoon. -Sara Salinas, Dawn Kopecki
is breaking the tradition of theaterin the midst of escalating pandemic coronavirus.
The company will. Upcoming “Troll World Tour” will be the first film to open simultaneously online and in theaters for the company. Other films currently in theaters will be available for rent as soon as Friday. -Sarah Whitten
Disclosure :. Comcast is the parent company of CNBC and NBCUniversal
Government Trump is as thousands of businesses in the US stalled amid heavy steps to curb the spread of the deadly coronavirus.
The US could lose 8.2 million international visitors this year. It was more of a country lost in the next two years 9/11. That loss of income not only for flights and hotels, but also for restaurants, retailers and airports. In some countries, malls, fitness center and cinema are shuttering and officials said the restaurant offers only take-out option.
“I do not see how we can get through this without large scale systemic solutions,” said one of the top-tier investors. “We will have to rewrite the rules to get to the other side.” -Lauren Hirsch, Leslie Josephs
Potential COVID-19, leading to a global economic downturn is a major concern for financial leaders in the US and Mexico, according to a new survey of chief financial officers by PwC. Of those surveyed, 54% of respondents said the outbreak had the potential for a “significant” impact business operations, but 90% said their business will return to normal in less than three months if the outbreak COVID-19 ended immediately. The survey covers 50 financial leaders, 80% is derived from Fortune 1000 -Michael Wayland
How do you get your money back if your plan has been canceled? While some policies are obvious, others may be less obvious.
The first thing you should do is just wait and see, especially since it is difficult to get through to the company now, said Ted Rossman, an industry analyst for CreditCards.com.
“Give one or two weeks,” he said. “There’s a good chance you’ll see your refund is processed automatically to your card.”
That may be true for public events are great, like a Broadway show, but may not apply to the smaller ones. Here’s how to get the money back if -Michelle Fox
Washington Governor Jay Inslee said Monday he signed an emergency declaration temporarily shutting down bars, restaurants and places of recreation in the entire state. He also banned public gatherings of more than 50 people. The move follows similar steps announced earlier Monday by. “Never since the Second World War should we face a situation like this,” said Inslee. “Over the next few weeks, normal is not in our game plan.” -Is Feuer
Germany reported a surge in cases of coronavirus by more than 1,100 today 6012 compared with the previous day, Robert Koch Institute for disease control said.
The number of confirmed deaths associated with coronavirus up one now 13, with three of the most populous state of North Rhine-Westphalia, Bavaria and Baden-Wuerttemberg in the areas most affected, it added. -Reuters
Russia will ban the entry of foreign citizens and stateless persons from March 18 to 1 in May in response to an outbreak of coronavirus, the government said.
The ban will not apply to diplomatic representatives, members of the flight crew and some other categories of people, he said. Russia has reported 93 cases of the virus so far. -Reuters
Silicon Valley executives on Friday to discuss ways they can use their money and extensive resources to help fend off the coronavirus that spread across the United States.
CEOs and executives from Facebook, Apple, San Francisco 49ers, Twitter, Netflix, Alphabet and Salesforce are invited to take part in the call, hosted by Cisco CEO Chuck Robbins. Top Silicon Valley investor Ron Conway also invited.
The elders spoke to executives on Friday about “what is happening ‘on the ground’ and the impact on service provision,” as it relates to help combat the coronavirus, the records said. -Brian Schwartz
Outbreak coronavirus is.
As the number of cases of tick in the US, some will be cashless to avoid potential health problems throughout the handling of banknotes. Regardless of whether there is a proven risk, “psychological factor” of people think of cash as “unclean” could change the way they choose to pay, according to Bain & Co. partner, Thomas Olsen.
“Merchants encourage people to not use cash, citing Coronavirus, “Olsen told CNBC.” We would expect some trigger to accelerate the behavior of cash to digital payments. ‘ -She Rooney
to prevent COVID-19 starting Monday, US health officials confirmed.
Finding “a safe and effective vaccine” to prevent infection from the new coronavirus “is a public health priority urgent, “Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said in a statement Monday.” this research Phase 1, launched at a record pace, an essential first step to achieving that goal. “
The National Institutes of Health, an agency within the Department of Health and Human Services, has worked fast-tracking with biotechnology companies to develop a vaccine using a strain today coronavirus new, the hearing took place at the Institute for Health Research, Kaiser Permanente Washington in Seattle, Washington, in where COVID 19 cases have soared and authorities have banned mass gatherings. The initial phase, or phase 1 trial will test the vaccine on 45 men and w anita who are not pregnant between the ages of 18 and 55, according to details of trials on the NIH website. -Berkeley Lovelace
GOP Senator Mitt Romney to ease the financial pain pandemic coronavirus that has drunk the global market and threatens to grind economic activity stops.
The proposal of the 2012 Republican nominee for president came as the White House and Congress to work to reach agreement on the stimulus measures needed to overcome the economic crisis.
“While the expansion of paid leave, unemployment insurance and SNAP benefits are very important, the check will help fill the gap for Americans who may not easily navigate the different government,” Romney said in a statement. -Tucker Higgins, Dan Mangan
Canada is due to the pandemic coronavirus, Prime Minister Justin Trudeau announced.
“We can slow the spread of this virus,” said Trudeau. “It is time to take every precaution to keep people safe.”
Canada will make some exceptions to the closure of its borders, including for US citizens. -And Manganese
Stocks with off 9% in midday trading. The down 8.4% and down 8.2%.
Monday’s losses put the Dow is down 28% from all time high and the S & P 500 and the Nasdaq more than 26% below their record last month. At one point, the Dow was down 30% from a record. -Sara Salinas, Fred Imbert
U.S. The airline was looking for, including a mixture of direct aid and loan guarantees, as the industry reels from an outbreak of coronavirus, a lobby group representing 10 US passenger and cargo airlines said Monday.
The grant, if approved, will be the industry’s first comprehensive bailout since the wake of 11 September 2001. It is also the clearest sign of damage to the financial coronavirus and cruel measures the government takes to stop having on US business. -Leslie Josephs
As little moviegoers venture out of their homes, more cinema cap the number of people allowed per show you and others shutter altogether, box office is a trend down 10.7% compared with 2019, to $ 1.78 billion. Michael Pachter, analyst at Wedbush, predict full-year box office fell 12.4% from 2019 to approximately $ 9.9 billion. That would be the lowest take the country since 2008.
“We expect 2020 to end the box office is significantly lower than the last two years, as the theaters were closed or unattended, and most of that has been moved to the release strong 2021 film slate, “Pachter wrote in a note to investors. “The decline today is likely to persist well into the June quarter, but if the industry survives, we think there is potential for a significant rebound in 2021.”
Already, films like “Mulan,” “F9,” “Peter Rabbit 2: The Runaway,” “A Quiet Place Part II,” “No Time to Die,” and others have been driven from their release date as 19th COVID number of cases continues to grow. -Sarah Whitten
The World Health Organization is considering a “precautionary measure air” for medical staff after.
The virus is transmitted via droplets, or small pieces of liquids, mostly through sneezing or coughing, Dr. Maria Van Kerkhove, head of WHO’s disease emerging and zoonotic Unit, told reporters during a virtual press conference on Monday.
“When you do aerosol-generating procedures such as medical care facility, you have the possibility towhat we call aerosolize these particles, which means they can stay in the air a little longer. “-Berkeley Lovelace, Will Feuer, Noah Higgins-Dunn
Prime Minister Boris Johnson said the country was on the day Monday’s, after coming under fire for not doing more to stem the spread of the coronavirus in the country.
“Now is the time for everyone to stop contact non-essential to the others and to stop all travel do not need to, “Johnson said at a news conference,” and you should avoid pubs, clubs, theaters and venues like the other social. “-Katrina Bishop
It was, for residents of Silicon Valley went live on Sunday night. on Monday morning, it seems overloaded and, according to the website.
announced, reported before the Alphabet is ready to go public with the launch, and got some details on the wrong site. < / P>
The site, built by sister-company Google Indeed, should offer people who live in San Mateo or Santa Clara counties and think they are experiencing symptoms COVID 19 ways to schedule the test. Indeed build “Basic Project” site together with the California governor’s office and local officials, state and other federal. -Todd Haselton
scorching market sell-off over the last month is so bad that investors are already quite a lot, based on the historical decline in the past about the economic downturn by RBC.
recession-related decline in the market median and average see a risk of 24% and 32%, peak to trough, respectively, RBC research shows. And with the broad index has fallen about 28% from its record closing in February, it looks like investors think the US was heading for a significant decline in economic output.
The blue-chip, 30-stock more than 29% off its own record close. -Thomas Franck
While the federal government weighs close the restaurant and bar in the middle of an outbreak of coronavirus, a restaurant and a company.
Images of America in restaurants and bars circulating in social media over the weekend, many of which led to calls for closing the mandate to enforce a “social distance.”
and Chick-fil-A, two of the largest three US restaurant chain by sales, just let customers receive their food and drinks to go. Both said Sunday that they would discontinue the use of a seat at their restaurant. -Amelia Lucas
The World Health Organization official criticized some countries for not doing enough to detect and contain the deadly coronavirus that infects more than 174,000 people worldwide.
There has been rapid escalation COVID 19 cases over the past week, the Director-General of WHO Tedros Adhanom Ghebreyesus told reporters at a virtual press conference on Monday. “But we have not seen quite urgent escalation in testing, isolation and contact tracing, which is the backbone of the response,” he said.
“. Test every suspected case, if they test positive, isolates them and find out who they have made contact with two days before they develop symptoms and test people too”, said Tedros. -Is Feuer, Noah Higgins-Dunn, Berkeley Lovelace
If you do not have an emergency fund and struggling to make ends meet during these uncertain times ,.
With coronavirus pandemic caused many workers to lose hours, it is more important than ever to know what financial options you have. -Alicia Adamczyk
A day after a dramatic move in interest rates, the Federal Reserve on Monday, increasing the number of casualties in liquidity.
In an announcement at noon, the New York Fed said it will make $ 500 billion in repo operations Monday afternoon, other measures targeted keep money flowing through the system. -Jeff Cox
National Football League because of the outbreak of coronavirus, NFL commissioner Roger Goodell announced Monday.
NFL said the club would still pick players according to the schedule on April 23 through April 25, but added that the league is “exploring innovative options for how the process will be carried out and will provide information as it becomes available, the selection process will be in television, “the statement said. -Jabari Young
New York Governor Andrew Cuomo warned that, said the state does not have enough hospital beds to handle a pandemic.
“When we would have a real problem is when the case hit their peak and descend on the health care system and we will not have enough hospital beds,” he said at a press conference.
Cuomo said he sentDonald Trump’s letter to the President asking him to deploy the Army Corps of Engineers to the state to “start building the capacity of health care while.” -Berkeley Lovelace
The world must learn to live with the former Bank of England official told CNBC on Monday.
Speaking to CNBC “Squawk Box Europe,” John Gieve, former deputy governor of the Bank of England, said policymakers have a “great job” to stop the business of simply closing.
“difficulty here is that the people who make their own decisions, so that the government may say: ‘go to your bank, building your debt,’ but some businesses will think: ‘Well if I face three months, I would never be able to pay this back, so I’ll close both down now, ‘ “he said. -Chloe Taylor
even after the Federal Reserve began a campaign of massive monetary stimulus to curb the slower economic growth in the midst of an outbreak of coronavirus.
fell 6% while down 1,500 points, or 6.6%. traded 6% were lowered. The average primary is from their session lows, however. The S & P 500 fell as much as 11.4% while the Dow lost more than 12% previously. The Nasdaq was down 11.7%. -Fred Imbert
Senate Majority Leader said he had not received the final draft of the bill was relieved coronavirus that building.
The Minister of Finance said Saturday that while he and the House of Representatives has approved a second legislative package to help the country because of fighting a virus, both sides also have Monday.
“I do not want people who are shocked,” said Mnuchin. “We will conduct a technical correction on Monday morning.” He said that there is language, House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy, R-Calif., Agreed that not make it into the bill. -Lauren Hirsch
The Supreme Court on Monday is scheduled in March and early April because of the health concerns associated with coronavirus pandemic.
The top court cited actions during the Spanish flu epidemic of 1918 and the outbreak of yellow fever from the 18th century as a precedent.
delay will delay arguments in the three cases blockbuster about whether President Donald Trump may protect their financial records, including tax, from state and congressional investigators, among other things. The cases are set to be said on March 31 -Tucker Higgins
Correction :. This entry has been updated to correct that the outbreak of the Spanish flu occurred in 1918
The governor of Democratic New York, New Jersey and Connecticut, citing announced Monday they have agreed to jointly reduce the density in the entire region, close cinema, most of the restaurants and bars and limiting public gatherings to less than 50 people.
The federal government has “been behind from day one on this crisis,” said New York Governor Andrew Cuomo. “America, frankly, do not have the capacity or power to make up for the federal government.” He asked US officials to coordinate the closing across the country, say the leaders of state and local governments have adopted a “hodge podge” of different actions.
Effective by 08:00 ET Monday, the three countries would prohibit a crowd of 50 or more, including the private sector; restaurants and bars to be shut down, except for takeout or delivery orders; bars, gyms and cinemas have to close, as will the nontribal casino. The rules that apply “until further notice,” said New Jersey Gov. Phil Murphy.
“The only way to effectively combat the spread of COVID-19 is by working together as a nation,” said Connecticut Governor Ned Lamont.
-Berkeley Lovelace Jr., Noah -Dunn Higgins, Will Feuer
Finance Minister Steven Mnuchin there will be a surge in demand for stocks after coronavirus threat subsided.
“there will be a large amount of pent-up demand when this is done. And it will be done,” said Finance Minister Jim Cramer on CNBC.
“Look for companies that have a ton of liquidity. Apple will have customers, ‘added Mnuchin. “It was just a given. The goal is not to save the company.” -Thomas Franck
The possibility of slipping into recession is increasingly likely as puts a coronavirus outbreak of acute global stress on the US economy. That could be bad news for American workers, who may lose their jobs by the millions of decline. For workers who do not receive severance ,.
Economic cracks began to appear. Small business owners began reporting supply chain problems and lost sales. The travel industry is reeling. Large oil and gas companies cut spending and dividend cuts amid plunging oil prices. consumer spending has fallen as the Americans withdraw from their daily routines.
Many workers do not have adequate financial fence in a layoff situation, experts said. Half of US adults are expected to live paycheck to paycheck this year and 53% do not have an emergency fund that covers at least three months of expenses, according to a survey of financial planning done before the outbreak of coronavirus by First National Bank of Omaha in Nebraska.
Federal law does not require American companies to pay severance pay in the event of layoffs, leaving it up to the business owner’s discretion. -Greg Iacurci
Bob Pisani CNBC report that when entering the New York Stock Exchange Monday morning the medical team at the entrance. The clerk took the temperature and he was asked to fill out a one-page questionnaire about whether he felt sick or had traveled abroad. -John Melloy
will pay employees below the equivalent level to help support them during the 19th COVID impact of a pandemic.
This step, which is not included executive vice president of the upper level next to “individual contributors senior particular,” is expected to add approximately $ 80 million for the first quarter and full year 2021 the cost of working days compared with initial guidance , the company said in financial filings. Weekdays, which provides human resources software, reported 12,200 total number of employees at the end of January and said it is also hiring a contractor. weekdays plan to pay bonuses in the fiscal first quarter ended April 30 -Lauren Feiner
Uber is giving away that helps fight the pandemic coronavirus, Nelson Chai, the company’s financial director, told CNBC on Monday.
“We will provide more than 300,000 meals for health officials and first responders who are at the forefront,” said Chai in the “Squawk Box” interview. “We did what we could.”
The company Uber Eats segment also frees shipping costs for small businesses in some markets. -Jessica Bursztynsky
Germany is the latest European country in an effort to contain the outbreak of coronavirus, because the number of deaths in Europe surged overnight.
On Monday morning, the Germans had closed its border with Austria, Switzerland, France, Luxembourg, and Denmark. Only the Germans, those who live in the country and work in neighboring countries and vice versa, and physical goods, can cross the German border. Although Berlin is not the capital of the first Europeans to impose restrictions on the border, the move marks a U-turn in the policy of Chancellor Angela Merkel.
“This is a crisis situation,” Friedrich Heinemann, head of public finance in Germany-based ZEW think tank, told CNBC about the German decision. -Silvia Amaro
Stocks, with an average large drop of more than 5% and leading to a 15-minute halt in trading after the limit of the circuit-breaker is triggered.
According to the New York Stock Exchange, ceased trading at the market occurred “three threshold circuit breakers” on the S & P 500 due to a major decline and volatility. The classify this exchange at three levels based on the previous closing session in the S & P 500
Before trading was halted, the Dow Jones Industrial Average fell 2,250 points, or 9.7%. The S & P 500 fell 8%, while the Nasdaq Composite fell 6%. -Pippa Stevens
is over 27 Mar because coronavirus, the company said Monday.
plan comes less than a week after the Italian car-American announced it would “intensify measures” against the spread of coronavirus in Italy, including temporarily closing the factory there, where the government has imposed a quarantine nationwide amid the rapid spread of COVID -19.
temporary closure including plants in Italy, Serbia, and Poland. It is unclear at this time how many of the 23 plants the company will remain open. A company spokesman was not immediately available for comment.
Fiat Chrysler, in a release, said the plan includes measures to allow companies to operation “immediately” restart manufacturing after the ready. -Michael Wayland
inform all employees globally to.
Banks based in New York, which has 256 981 employees and operates in 60 countries, expanding on the policy started last week for employees of the New York-metro area asit copes with the pandemic spread of coronavirus.
“Effective immediately, we ask that all global managers to allow employees to work from home as far as feasible,” the committee said in an email Sunday bank operations staff. “This will further facilitate social distancing in the community we call home while continuing to serve our clients and customers.” -Hugh Children
Former Food and Drug Administration chief Scott Gottlieb told CNBC “” that he believes plague COVID-19. That time shows the crisis longer than a few US politicians are showing. Matthew Belvedere
Airlines around the world are racing to preserve cash as demand for low crater after political leaders turn to the steps that the more cruel that has disrupted daily life in an effort to stop the spread of COVID-19. Now US airlines grapple scenario that occurred earlier this year when they reported record earnings:
On Sunday, acting Secretary of Homeland Security Chad Wolf said, “all options remain on the table” when asked at the White House Conference press whether the government was considering stopping of domestic air travel. A day earlier, President Donald Trump said the American public should avoid unnecessary travel. Monday morning, the administration expanded 30-day ban on the majority of European visitors to Ireland and the UK, an unprecedented sidewalk on international travel.
Although it does not guarantee that the government would take that route, which will be the first time the United States instituted a travel ban blanket of air since the wake of 11 September 2001, terrorist attacks, or whether it will last two weeks, one month, or moreover, several executives told CNBC that they are considering all possibilities. -Leslie Josephs
on Monday said it is “ready” for use with the humanitarian and economic impact of the new coronavirus.
“As a first line of defense, the Fund can deploy emergency response toolkit flexible and fast-channeling assistance to countries with urgent balance-of-payments needs,” wrote Kristalina Georgieva, Managing Director of the International Monetary Fund.
“Dana already has 40 ongoing arrangements – both distribute and prevention – with a combined commitment of around $ 200 billion,” he added. “In many cases, these arrangements may provide another vehicle for financing the rapid melting of the crisis.” -Is Feuer
Dr. Corey Hebert, assistant professor at Louisiana State University and Tulane well, told CNBC “” that the US must commit to a social distance in an attempt to “flatten the curve.” “If we do what we do, we really have to look a little more like China,” he said referring to China’s aggressive mitigation efforts that include a broad scale quarantine and travel restrictions. “What we’re trying to do is not have 15,000 people ill at one time, which would cost the medical system, we would rather have 10 people sick, not sick people or 10,000, more than the number of longer, so the 15 days.” -Is Feuer
In an effort to increase the screening capacity to help contain the epidemic grows, the Food and Drug Administration issued an emergency authorization last week to test COVID-19 made by the Swiss Roche diagnostic maker. The company said automated test can provide results within 3.5 hours as opposed to several days. Companies will start to launch with more than 400 tests this week, Roche CEO Dr. Severin Schwan told CNBC “”
“We certainly lean supply as much as we can,” he said, adding that the entrance test first in which they are most needed. “For that, we are closely cooperating with the authorities, the CDC, in particular, to allocate a test for those laboratories and areas where we can make the biggest impact during this crisis.” -Is Feuer
2019 brings with record store closures in the retail industry in the US, and. Retail store closures this year is now on pace to become “double what we saw last year,” which was a record year, said Deborah Weinswig, CEO and founder of retail advisory and research firm Coresight Research. “I think that is already in motion. … If [COVID-19] stay longer, it would be bigger.” -Lauren Thomas
Iran death toll has reached 853, with 129 new deaths in the past 24 hours, a health ministry official tweeted on Monday, adding that 14 991 people have been infected across Iran. “In the last 24 hours we have 1,053 confirmed new cases of coronavirus and 129 new death, “Alireza Vahabzadeh tweeted. To contain outbreaks in Iran, one of the deadliest outside China, officials have asked people to stay home. -Reuters
British Prime Minister Boris Johnson will ask the manufacturer to support the production of medical equipment is important, such as ventilators, for the national Health Service.
“Preparations for the spread of epidemic coronavirus is a national priority and we call for the manufacturing industry and all those with relevant expertise which may be helped to come together to help the country overcome this national crisis, “said a spokesman for Downing Street said on Sunday.
” we need to increase the production of vital equipment such as ventilators so that we can all help the most vulnerable, and we business need to come to us and help in this national effort. “-Holly Ellyatt
German economy ministry said the impact of the 19th Air COVID meaning no longer expects the economy to rise in the first quarter, Reuters reported. The ministry added that the economy is unlikely to stabilize before the third quarter at the earliest. “The strength and duration of the impact can not be trusted to be foreseen,” the ministry said. “But given the very rapid pace of development, we should anticipate a significant economic impact.” -Holly Ellyatt
Many members of the British people have vented their frustration at, and now delay, the spread of the coronavirus. On Sunday, U.K. coronavirus has a total of 1,395 cases, including 35 deaths, according to the latest data from the Johns Hopkins University. -Holly Ellyatt
European markets tumbled as much as the continent went into shutdown mode to prevent the spread of the new coronavirus. Pan-Europe fell 8% near the start of stock trading, travel and holidays fell 14.3% loss for all sectors and lead the major stock exchanges slid into the red. -Elliot Smith
Asian markets fell even after the Federal Reserve announced to curb the slower economic growth in the middle of the 19th COVID pandemic.
Australian market losses led Asia-Pacific region, as drunk almost 10%. Mainland Chinese shares fell too, with the Shanghai Composite 3.4% lower, while the Shenzhen Composite slipped 4.834% and the Shenzhen component fell 5.34%. Hong Kong’s Hang Seng Index fell 4.38%. Overall, the MSCI Asia ex-Japan fell by around 5%.
“Ironically, the market may have perceived the Fed’s response as panic, eating into fear itself, especially since COVID 19th case surge globally, pushing border controls harder,” Vishnu Varathan, chief economist and strategist at Mizuho Bank , wrote in a note. -Eustance Huang
Read coverage from CNBC CNBC Asia-Pacific and Europe overnight team here.
Reuters and CNBC ,, contributed to this report
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