US President Donald Trump speaks during a Coronavirus Task Force press briefing in the Rose Garden of the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images This is a live blog. Check back for updates. 8:04 am: Stocks exposed to COVID-19 slump in premarket trading Companies with outsized
Month: March 2020
US Speaker of the House Nancy Pelosi signs the bill after the House passed a $2 trillion stimulus bill, on March 27, 2020, at the US Capitol in Washington, DC. Alex Edelman | AFP | Getty Images For people who turned 70½ last year and were required to take a withdrawal from their individual retirement
This is a live blog. Please check back for updates. All times below are in Beijing time. Global cases: More than 720,100 Global deaths: At least 33,925 Top 5 countries: United States (139,675), Italy (97,689), China (82,122), Spain (80,031) and Germany (62,095) The data above was compiled by Johns Hopkins University as of 7:50 a.m.
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images Earlier this month, as talk of a new virus outbreak in the U.S. revved up, Robert Richwine, an Uber driver in Columbus, Ohio, devised a game plan to try to stay on the road.
The coronavirus is rapidly surging throughout the United States, with some small rural counties leading the country in per capita rates of confirmed cases, according to a CNBC data analysis. Rural counties like Gunnison County, Colorado; Blaine County, Idaho; and Summit County, Utah have all been struggling with a recent surge in infections. The counties, located
Hank Paulson David Orrell | CNBC Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill. Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period
College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
Only 5% to 10% of drive-ins across the U.S. are able to operate through the coronavirus, but they are seeing new business. Joe Sohm | Visions of America | Universal Images Group via Getty Images The coronavirus pandemic has led to the closures of movie theaters across the country and the delay of coveted 2020
The Ford Motor Co. Mustang Shelby GT500 vehicle is displayed during the 2019 North American International Auto Show (NAIAS) in Detroit, Michigan,. Daniel Acker | Bloomberg | Getty Images The 2020 Detroit auto show has been canceled as its venue will be used as a field hospital for the Federal Emergency Management Administration, according to
A sign hangs above the entrance to a Bank of America branch in Chicago, Illinois. Scott Olson Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs this year, joining banks including Morgan Stanley and Citigroup in making similar pledges. “We don’t want our teammates to worry about their jobs
Paul Tudor Jones Kevin Mazur | Getty Images Hedge fund manager Paul Tudor Jones said Thursday investors should commend Washington’s policy response to the economic shock from the coronavirus pandemic. “Investors can take heart that we’ve counteracted this existential shock with the greatest fiscal, monetary bazooka. It’s not even a bazooka. It’s more like a nuclear bomb,”
The pandemic affects everyone — even cats and dogs that are clearly surprised at the change in routine. Younger children might not understand everything that’s going on, and older ones might realize life has changed but not know how to get clarity from their parents. The current situation is different from anything anyone’s experienced in
A female Chinese volunteer from Blue Sky Rescue wears a protective suit as she fumigates and disinfects an area of a local bus station on March 7, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. Global cases: More than 662,073 Global deaths: At least
In this photo taken March 20, 2020, cattle rancher Joe Whitesell rides his horse in a field near Dufur, Oregon, as he helps a friend herd cattle. Gillian Flaccus | AP U.S. farmers have endured a slew of financial hardships over the past few years. The U.S.-China trade war sent scores of farmers out of
Mike Wilson, Chief U.S. Equity Strategist and Chief Investment Officer at Morgan Stanley. Adam Jeffery | CNBC Investors should be taking advantage of the market’s steep coronavirus-driven sell-off from February highs, Morgan Stanley‘s Mike Wilson told CNBC on Thursday. “We’ve been scaling back into stocks over the last two, three or four weeks. We’re not
New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage payments, said Gov. Phil Murphy on Saturday. Lenders will also waive late
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. All times below are in Eastern time. Global cases: At least 614,884 Global deaths: At least 28,687 U.S. cases: At least
The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting
American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation:
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