That April jobs report indicates the U.S. unemployment rate skyrocketed to 14.7%, the worst job loss since the post-World War II era, because coronavirus restrictions closed businesses for a month and millions of people lost their jobs. State officials are trying to inject a needle between reopening parts of the economy and preventing a revival of the virus.
As the number of coronavirus cases and deaths is increasing in Russia, delayed epidemics began to occur in eastern Europe, while outbreaks in western Europe subsided, according to WHO. Italy reports 243 new deaths from coronavirus, making it the third country to reach 30,000 deaths
This is CNBC’s direct blog which covers all the latest news on the Internet coronavirus epidemic. All times below are in Eastern time. This blog will be updated throughout the day when the news is broadcast.
- Global case: More than 3.8 million
- Global Death: At least 269,881
- U.S. Case: More than 1.2 million
- U.S. Deaths: At least 75,852
The above data was compiled by Johns Hopkins University.
5:15 pm: Tesla is not allowed to reopen US factories, local officials say
Maker of electric vehicles Tesla intended to reopen the U.S. car factory they are in Fremont, California on Friday. However, local authorities said that they had not given “a green light” to Tesla to reopen, and that Covid-19’s health orders were still in force for at least another week or two.
Provisional Health Officer for the Alameda District Public Health Department, Erica Pan, noted in an online town hall on Friday that although California Governor Newsom had relaxed the Covid-19 restrictions at the state level, “If there are local orders, whichever is more stringent applies.” –Lora Kolodny
17:00: Mayor of San Diego: Compliance with new coastal regulations bodes well for the reopening of state business
Mayor of San Diego Kevin Faulconer told CNBC “Squawk Alley” that residents followed the city’s beach restrictions, which he said was a good sign because California was trying to reopen its economy. “
I was out there at the beach alone last week with our coast guard. You can walk, you can run, surf and swim now. Do not sit. “To see compliance, I think it’s a very good sign when we start to reopen our business,” Faulconer said.
Faulconer’s comments came when California retailers selling products such as toys, books and clothing were allowed to start offering roadside services. The Mayor said that he believes San Diego residents are willing to abide by restrictions because they do not want to return the extraordinary benefits we have made, the sacrifices we have made over the past six weeks. “- Kevin Stankiewicz
4:45 pm: California Governor says all registered voters can vote by letter in November
Gavin Newsom, governor of California, spoke at a press conference in Sacramento, California, on Tuesday, April 14, 2020.
Rich Pedroncelli | AP | Bloomberg through Getty Images
California Governor Gavin Newsom sign an executive order allows all voters registered in the state to receive ballots entering this November.
This step was taken when several countries considered how to carry out the remaining 2020 elections while keeping voters safe from transmission and spreading deadly coronaviruses.
“I signed an executive order,” Newsom said, “which will allow every voter registered in California to receive a ballot.” Newsom, who announced the move at a press conference, clarified that California would still provide an opportunity for people to vote directly at the polling center. “Incoming ballots are important but it is not an exclusive substitute for physical location,” he said. –Jennifer Elias
4:30 pm: Nordstrom is closing 16 stores. Here they are
Nordstrom announced the plan earlier this week to permanently close 16 stores, because it took a hit with other retailers of the coronavirus pandemic. CNBC confirmed the full list of locations on Friday. Closures include department stores in California, Texas and Florida. 16 stores represent about 14% of Nordstrom’s full-line convenience store fleet. –Lauren Thomas
4:15 pm: Google will start reopening the office in June
CEO Alphabet Sundar Pichai made a gesture during the session at the annual World Economic Forum (WEF) meeting in Davos, on January 22, 2020.
Fabrice Coffrini | AFP | Getty Images
Alphabet CEO of Sundar Pichai will begin reopening offices globally in early June, targeting a 10-15% capacity, he said in an email obtained by CNBC.
“Our path back to the office will be slow, deliberate, and gradual,” he said, adding that the company has less than 5% of global employees working from the current office and some locations in the Asia Pacific region have reached 30% of capacity.
The majority of people who can work from home, will continue to do so “potentially” until the end of the year, even though they will be allowed to enter now and then. Pichai also overcame employee fatigue, encouraging employees to take a day off at the end of May. –Jennifer Elias
4 pm: New York City partners with Salesforce to track contacts
Bill de Blasio, the mayor of New York, wore a protective mask while touring the swimwear factory of Malia Mills, which has pivoted to make polypropylene dresses for medical workers, in the Brooklyn area of New York, USA, on Wednesday, April 22, 2020.
Mark Kauzlarich | Bloomberg | Getty Images
The Mayor of New York City, Bill de Blasio announced that the city will partner with Salesforce to deploy call centers as well as customer relations and case management systems that will help officials track and isolate potential Covid-19 cases.
De Blasio said that tracking down people who came in contact with infected people would be very important to reduce restrictions and reopen the city. The city is implementing a “test and trace corps” which will be tasked with testing New Yorkers for infections and tracking all cases and contacts of known positive infections, de Blasio said.
The aim is to recruit 2,500 public health “pedestrians” in June, who will be trained using a contact tracking program led by former New York City Mayor Mike Bloomberg. Sorry it’s too late, but here you are in case we still want to blog. –Noah Higgins-Dunn
3:30 pm: Coronavirus brings uncertainty to restaurant summer work
An employee in a restaurant waits for customers who arrive to be picked up at the Alhambra, California on May 7, 2020.
Frederic J. Brown | AFP | Getty Images
The corona virus pandemic has introduced serious uncertainty into the restaurant industry, leaving questions about how many jobs will be available this summer. While many restaurants currently only offer carry services, roadside pickup and delivery services, a full reopening can be good for adding summer jobs in times of high unemployment, Kate Rogers and Betsy Spring report from CNBC. Over the past few years, the restaurant industry has usually added more than 500,000 jobs each summer. –Hannah Miller
3:10 pm: Apple will reopen several stores in the US
People wearing face masks look at cellphones outside Apple stores during the May Day holiday in Shanghai on May 1, 2020.
Retector Hector | AFP | Getty Images
Apple said that would happen reopen its retail store in Idaho, South Carolina, Alabama and Alaska starting next week. The shops will limit the number of customers at one time and focus on repairing damaged products.
Apple will do a temperature check and employees will wear masks as part of the reopening process. In recent weeks, several locations have reopened in countries such as South Korea, Australia and Germany. –Kif Leswing
14:50: The NFL team sees initial ticket requests despite a coronavirus pandemic, SeatGeek said
Crews tested architectural light bands and exterior sign lighting as construction continued at Allegiant Stadium, a future $ 2 billion domed greenhouse Las Vegas Raiders on April 23, 2020 in Las Vegas, Nevada.
Ethan Miller | Getty Images
National Football League Sales tickets are up 234% year on year compared to the first 12 hours after last year’s release schedule, despite concerns about the global health crisis. The company, which specializes in selling cellular-based tickets, said it was surprised by the initial activity mainly because coronaviruses continued to influence uncertainty surrounding live sporting events.
“Although we certainly think there will be some level of demand, we are surprised at how strong it is, because fans are hoping for football this fall,” Chris Leyden, a SeatGeek communications official, told CNBC via email. –Jasmine Kim
14:45: Media companies expect a difficult quarter of TV commercials
Bob Bakish, CEO, Viacom
Scott Mlyn | CNBC
Companies like Fox Corp. and AMC Networks warn about the decline in TV commercials in the next quarter.
A number of media companies have reported earnings in the past few days showing how TV is trending when advertisers withdraw spending or postpone the campaign until the end of this year. With many consumers trapped at home, consumers are entering linear TV, which is expected to add 8.3 million US viewers this year, the first viewer to see positive growth since 2011, eMarketer said in a new forecast this week.
But viewers are not the same as dollar signs. “At a time when lots and lots of companies are cutting their advertising budgets, or at least pausing them, now watch time offers or ad inventory exceeds the demand from advertisers to fill them,” eMarketer analyst Ross Benes told CNBC. “It’s great to get people to watch your show, but every viewer is monetized much lower than last month.” –Meg Graham
14:30: NYC child deaths encourage investigation of the impact on children
New York Governor Andrew Cuomo spoke at his daily briefing at the New York Medical College during the coronavirus outbreak (COVID-19) in Valhalla, New York, May 7, 2020.
Mike Fresh | Reuters
The New York Department of Health is investigate whether coronavirus causing severe inflammatory conditions in children after a 5-year-old boy in New York City died Thursday, Governor Andrew Cuomo said.
Other countries, including the UK have reported children with viruses that develop symptoms, which are similar to Kawasaki disease and toxic shock syndrome. The World Health Organization has called for a global network of doctors to be “on guard” for such cases throughout the world.
Coronavirus was previously believed to be mostly reserve children. The condition observed recently in children remains rare, but shows that the virus poses a threat to young children. “This is every parent’s nightmare, right? That your child might be really affected by this virus. But that is something we must seriously consider now,” Cuomo said. –William Feuer
14:15: Families of Covid-19 victims who die may have to return stimulus checks
Somodevilla Chip | Getty Images
When thousands of people died in the US due to the corona virus, millions of $ 1,200 stimulus checks were sent by the government.
That raises the question: Can the family of those who recently died because Covid-19 can keep a check for the $ 1,200 paid to the deceased? Apparently the answer is not clear cut.
The IRS said this week that it was most expect stimulus checks sent to the deceased to be returned. But there are exceptions based on the time of death and when the stimulus check is received. “Payments made to someone who died before receiving payment must be returned to the IRS by following instructions about payment, “the agent stated on its website.
Take two dead on the same day in 2020, for example. Someone receives stimulus payments via direct deposit the day before they die. The others are still waiting for checks by post. Someone’s first family will be able to save money. That might not apply to a second family. “I predict more guidance. I predict changes in this,” said Janet Holtzblatt, senior associate at the Urban-Brookings Tax Policy Center. For now, Holtzblatt said families in this situation had to delay spending on the stimulus money. –Lorie Konish
14:00: Melinda Gates says US coronavirus response is ‘chaos’
Melinda Gates, co-founder of the Bill & Melinda Gates Foundation
Chesnot | Getty Images News | Getty Images
Melinda Gates, vice chairman of the Bill & Melinda Gates Foundation, criticizing the Trump administration responding to the coronavirus pandemic and giving it a D-minus value.
The US does not have the national leadership to provide sufficient testing, protective equipment and supplies needed, and the lack of such response creates “chaos” in the country, Gates said Friday at the NBC “Today” event. In a separate interview with Politico on Thursday, Gates said “now we have 50 different home country solutions and not a national response” and give the Trump administration a D-minus value. –Jasmine Kim
13:45: WHO says ‘delayed epidemics’ occur in eastern Europe as coronavirus cases in Russia increase
People wear masks as a preventative measure against the coronavirus pandemic at Red Square in Moscow, Russia on March 17, 2020.
Sefa Karacan | Anadolu Agency | Getty Images
As the number of coronavirus cases and deaths is increasing in Russia, a delayed epidemic began in eastern Europe, while outbreaks in western Europe subsided.
“Russia is in a different phase of a pandemic and can learn several lessons that have been learned at great expense in Asia, in North America and in Western Europe,” Dr. Mike Ryan, executive director of the WHO emergency program, said at a press conference.
The World Health Official said the country had tested nearly 430,000 people and stepped up public health measures and laboratory testing in response to the pandemic. –Jasmine Kim
12:54: Assistant Vice President Mike Pence has tested positive for coronavirus
US President Donald Trump spoke when Vice President Mike Pence saw during a meeting with Texas Governor Greg Abbott about coronavirus response (COVID-19) at the Oval Office at the White House in Washington, USA, May 7, 2020.
Tom Brenner | Reuters
A Vice President Mike Pence’s staff tested positive for the corona virus, became the second White House aide this week to contract the virus. On Thursday, the White House announced that President Donald Trump’s personal attendant was also positive.
News about Pence staff broke out when Air Force Two was on the runway at Andrews Air Force Base to bring Pence to Iowa. The White House medical office has initiated a contact tracking program for these individuals, and retesting of individuals who have been in contact with them is ongoing, NBC reported.
The positive results of the two staff tests deepened concerns about the informal policy of the White House not to wear masks, despite CDC guidelines. Neither Trump nor Pence wore one, nor were the staff around them in the West Wing and the Executive Office Building adjacent to the White House. —Christina Wilkie
12:27: Abbott Labs antibody tests give very accurate results, the study said
Coronavirus antibody test from Abbott’s Laboratory it is very possible to give correct results, according to the company.
That cites a study at the University of Washington School of Medicine found that antibody tests had a specificity level of 99.9% and a sensitivity level of 100%, Reuters reported Friday. The results indicate a low likelihood of diagnosing healthy people incorrectly and there is no possibility of false negatives.
Antibody tests are considered important in making the country return to work, because the presence of antibodies has the potential to signal immunity against re-infection. –Hannah Miller
12:18: Italy became the third country to reach 30,000 deaths
Father Don Marcello blessed the coffin that lined the San Giuseppe church, waiting to be brought to the crematorium by the Italian military on March 28, 2020 in Seriate, Italy.
Marco Tacca Pier | Anadolu Agency | Getty Images
Italy reports 243 new deaths from coronavirus, making it the third country to reach 30,000, Reuters reported.
The Civil Protection Agency said the death toll since the outbreak hit the country in February was 30,201, according to Reuters.
The United States has the highest death rate from the virus, 75,852, and 30,689 deaths in the UK is the second highest, according to data from Johns Hopkins University. –Chris Eudaily
11:18 am: Amtrak reactivates train services in Northeast
Amtrak will introduce a modification schedule for the Acela train service between Washington and Boston starting June 1. Amtrak will return three Acela round-trip trips and improve services for its Northeast Regional line from eight to 10 round trip.
The train service also implements new safety measures such as mandatory cashless payments, new glass barriers at the station ticket office and limited seating in the train’s dining and cafe areas. Amtrak announced on Thursday that it would require employees and passengers to wear face shields on the train and at the station. —Hannah Miller
11 am: More borrowers lose mortgage payments under the CARES Act bailout
Nearly 4.1 million homeowners missed monthly mortgage payments, far higher than predicted by federal regulators. In just the past week, 225,000 more borrowers have taken advantage of the government mortgage bailout, according to data company Black Knight.
Homeowners can defer payments for 90 days under the CARES Act and then submit a one-year extension. The total amount of patience represents $ 890 billion in unpaid principal, Diana Olick from CNBC reported. —Hannah Miller
10:50 am: More than 78% of workers consider layoffs to be temporary, ‘silver lining’
Nearly 4 out of 5 unemployed workers see their layoffs as temporary, and economists say that could be a good sign for the economy. 18 million workers who described themselves as being laid off hoped to return to work in six months.
Michelle Meyer, US Bank of America’s chief economist, said it was “wisdom” in the dismal April jobs report, which showed a loss of 20.6 million salaries. But he said “time is the most important thing” to return workers to their jobs before they risk becoming permanent layoffs. —Patti Domm
10:35: Tickets for reopening are sold out of Shanghai Disney
A visitor wearing a mask walks outside the Shanghai Disney Resort, which will be closed during the Chinese Lunar New Year holiday after the outbreak of a new coronavirus, in Shanghai, China January 24, 2020.
Aly Song | Reuters
Ticket for opening day DisneyShanghai theme parks were sold out within a few minutes of being sold.
Shanghai Disneyland, which has been closed since January 25, will reopen to the public on Monday.
Before the coronavirus pandemic, the park saw around 80,000 visitors per day. The government has mandated that Disney operate at 30% capacity, or around 24,000 visitors, when it reopens. However, Disney CEO Bob Chapek said the park would begin operations below that capacity and increase to the 30% threshold for several weeks.
Guests are required to buy their entry tickets before arriving at the park and will need to wear masks while in the park, except when eating. —Sarah Whitten
10:30 am: Restaurants and bars face a rocky road to recovery
While some restaurants and bars will reopen with limited capacity sooner than later, sector is likely to face widespread depletion, according to industry and health experts.
Companies that have been disadvantaged by prolonged closure will face steep costs to reopen their doors and sharp cuts to profit margins due to capacity limits.
And even if the restaurant is economically feasible to reopen, there is no guarantee that Americans will feel safe enough to appear in the numbers needed for recovery. In fact, 68% of Americans say they will feel uncomfortable eating in restaurants, according to a final April survey from SAP’s Qualtrics, an employee management software company. —Alex Sherman and Amelia Lucas
10:21 am: The recreation and hospitality sector lost 47% of jobs in April
That The recreation and hospitality sector lost 47% of its work in April because the wider US economy relinquished more positions last month than the others since before World War II. The majority of the 7.7 million sector decline was concentrated in the food service industry, including waiters, cooks and cashiers. Those workers alone saw a total net loss of 5.5 million.
Health care, too, saw a sharp decline of 1.4 million jobs because providers stopped elective surgery and routine checks to prioritize the preparation, and treatment, of Covid-19 patients. —Thomas Franck
9:57 am: Sorrento Therapeutics, Mount Sinai develops antibody cocktails
The Biopharma Company, Sorrento Therapeutics, and Mount Sinai Health System in New York City announced that they have joined developed an antibody cocktail called COVI-SHIELD which they hoped would protect from the corona virus for up to two months.
This therapy is designed to be resistant to future viral mutations because it uses three antidote antibodies to ward off disease.
Utilize the FDA-approved diagnostic tests below Emergency use authorization, Mount Sinai researchers have screened around 15,000 cured patients from Covid-19 for highly concentrated viral antibodies to be used to produce treatment.
The jury still does not know how effective the antibody treatment against Covid-19 is. The FDA is trying to find out the level of immunity people have after they recover from the virus. —Lori Ioannou
9:50 am: Stocks go up despite a surprise job loss
9:32 am: Moderna’s CEO says the supply of coronavirus vaccines will be limited, the US will help decide who gets it first
Moderna anticipating it will work “very closely” with the US government to determine who will get the first dose of an experimental vaccine if it is proven to work, CEO Stephane Bancel told CNBC. That the company announced Thursday that the Food and Drug Administration clears potential vaccines for phase 2 trials.
“We will all be constrained by supply for some time, meaning we will not be able to make as many products as needed to vaccinate everyone on the planet,” he said on CNBC’s “Squawk Box. “
Read the full report interview Moderna CEO Stephane Bancel from William Feuer from CNBC. —Melodie Warner
9:13 am: The Fremont Tesla plant will resume ‘limited operations’ on Friday
Tesla’s chief executive, Elon Musk, spoke at his company’s factory in Fremont, California.
Noah Berger | Reuters
Tesla will try to restart production at the U.S. car factory in Fremont, California, on Friday afternoon, CEO Elon Musk told employees in an e-mail sent overnight. The plant will continue “limited operations” by bringing back about 30% of employees who normally work on a given shift, Tesla’s HR boss, Valerie Capers Workman, said in a separate email.
Alameda District, where the factory is located, has protective orders in place that are effective until May 31, according to the report County Department of Community Health web site.
Read the full report Operation of the Fremont Tesla plant from CNBC’s Lora Kolodny. —Melodie Warner
8:43 am: The unemployment rate jumped to 14.7% due to a record 20.5 million jobs lost in April
The US labor market fell to historic levels in April as 20.5 million workers were cut from the nonfarm payroll, making the unemployment rate jump to 14.7%, according to the Labor Department. Economists surveyed by Dow Jones forecast salaries to fall by 21.5 million and unemployment to rise to 16%.
The unemployment rate in April exceeded the post-war record of 10.8% but did not reach the Great Depression level estimated at 24.9%. The peak of the Great Recession was 10% in October 2009.
Read the full report U.S. labor market from CNBC, Jeff Cox. —Melodie Warner
8:10 am: Hotspots from new cases are spreading in the Southeast
7:31 am: WHO requests further research on the role of the Wuhan market
This photo was taken on April 15, 2020 which shows the sellers wearing face masks as a shrimp offer at the Baishazhou Market in Wuhan in Wuhan in central Hubei province in China. RETAMAL HECTOR | AFP through Getty Images
The seafood market in Wuhan, China, played a role in the outbreak, but further research is needed to determine whether it is the source of the virus or is “a strengthening arrangement,” the World Health Organization said, according to Reuters.
WHO officials previously said coronavirus emerged from the seafood market in Wuhan and Taiwan possibly from bats, then jump to the “intermediate host” before infecting humans. Scientists continue to test various animals but so far have found no host responsible for the outbreak.
“The market played a role in the event, it was clear. But what is its role [was] we don’t know, whether it’s a source or regulation of reinforcement or just a coincidence that some cases were detected in and around the market, “said Dr. Peter Ben Embarek, a WHO expert on food safety and the zoonotic virus, Reuters reported.
WHO is in talks with China to send a follow-up mission to the country to investigate animal sources of the virus, a WHO officials said Wednesday. —Is Feuer
7:03 am: Indonesia eases travel restrictions earlier than planned
Indonesian mural artist Bayu Rahardian posing in front of his art in the midst of the COVID-19 corona virus pandemic in Depok on April 16, 2020.
Adek Berry | AFP | Getty Images
Indonesia eased restrictions on domestic air and sea travel earlier than planned, according to Reuters.
The country two weeks ago imposed a ban on certain domestic travel with a view to keeping restrictions in place until the end of May. The government has lifted these restrictions for Indonesians working in the fields of security, defense and health services; those who have emergency health reasons; and migrant workers returning home, Reuters reported.
Travelers must be tested negative for Covid-19 and have a letter from their employer. —Sara Salinas
Read CNBC’s coverage of the Asia-Pacific and Europe CNBC team overnight here: Spain reports an increase in daily deaths; Australia plans to reopen in 3 stages