Tag Archives: Scott Gottlieb

Coronavirus update: representatives of the Ministry of health warn of the impending increase COVID-19 deaths | Instant News


  • Three health officials said the number of deaths will rise.
  • More than 125 000 people died in USA because of the coronavirus.
  • Worldwide, the number of people infected has risen above 10 million.
  • The Governor of California ordered the bars to close in seven counties, including Los Angeles.

Only two States, Connecticut and Rhode island, the decrease in new cases of coronavirus, news from current and former health officials were not good on Sunday.

Dr. Scott Gottlieb, former head of the food and drug administration, warned the number of deaths from COVID-19 is likely to increase.

“We’re going to have a lot of weeks ahead of us continued growth in these casesat least two or three weeks, even if we take aggressive action now, which in all directions we don’t do,” said Gottlieb on CBS news ‘ “face the nation.” “And I know a lot of the discussion right now is that these cases are grouped in young people, so the deaths actually go down, but it’s not likely to stay that way. This difference is probably leaking in more vulnerable communities, and we are likely to see total daily deaths start to go back.”

U.S. health and services human Secretary Alex Azar said that the increase in mortality and number of hospitalizations in the coming weeks are “suitable to be concerned”.

Asked on CNN whether he was aware that the increase in hospitalization and mortality will lag behind the increase in positive cases, Azar said, “this, of course, risks” and he said that’s why he encourages those who are “not appropriate social distancing” in the last couple of weeks to wear the face and get tested.

Said Gottlieb universal masking is not required.

“I don’t understand why we can’t authorize it in those States that implemented a major epidemic, and there’s a number of what to do right now,” he said. “We have a mandate that people must wear seat belts in cars, but we are not saying that they should wear masks in terms of the epidemic.”

Gottlieb said, if enough people regularly wear masks”, which alone could reverse the epidemic”.

“This is the simplest intervention that we can take that can have an impact on the spread right now,” he said.

On “Fox news”, Tom Frieden, former Director of the centers for control and prevention of diseases, also encouraged people to wear masks. He said that the United States is likely to increase for a few weeks.

“That’s why the three WS it’s so important to wear a mask, wash hands or use hand sanitizer, and watch your distance. Something everyone can do,” said he. “We do everything together and if we work together, we can help to control the virus and to our economy.”

According to Friedan, increases in the number of cases is not simply the result of more testing. He also warned that the increase in the number of deaths is.

“Thus, rapid spread does not follow, but a sharp increase in the number of deaths, but what we are seeing in some States is already a big increase in the intensive care unit admission and is a sign that it’s not benign, it will lead to more deaths. According to our estimates, in next month we will see at least 15,000 more deaths in the United States,” said Frieden.

More than 2.5 million cases COVID-19 were confirmed in the United States, according compiled by Johns Hopkins University. At least 125,714 people died in the country due to the coronavirus. Worldwide, nearly half a million people died and were registered more than 10 million cases.

Recent Events

USA:

-Broward County became the second County Florida, to declare the beaches will be closed for July 4 holiday weekend. Miami-Dade County said Saturday that the beaches will be closed this weekend. District of palm beach considers after the Broward and Miami-Dade lead the Sun-sentinel reported.

-The case of continued growth in Florida, which reported 8,530 new cases on Sunday, and 29 deaths. The health Department of Florida reported that 141,075 people have a positive result on COVID-19 since the pandemic began.

-The Governor Of California Gavin Newsom ordered the bars to close in seven counties because of the growing proliferation COVID-19. They are Imperial, Kern, Kings, Los Angeles, San Joaquin and Tulare. He also recommended that bars be closed in contra Costa, riverside, Sacramento, San Bernardino, Santa Barbara, Santa Clara, Stanislaus and Ventura.

Worldwide:

The Australian state of Victoria is considering a potential stay-at-home orders and commuter lock to contain several coronavirus cluster in Melbourne, after another 49 cases of the coronavirus have been recorded on Saturday – the highest number since April, reports the Guardian.

In recent coronavirus information in your County and complete a list of important resources to help you make smart decisions regarding the disease, check out our dedicated COVID-19 page.

Primary journalistic mission of the company is to report on breaking weather news, the environment and the importance of science in our lives. This story do not necessarily reflect the position of our parent company, IBM.

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Gottlieb said the availability of widespread coronavirus vaccines ‘is most likely to occur in 2021’ | Instant News


The coronavirus vaccine is unlikely to be available for wide distribution until 2021, the former FDA Commissioner Scott Gottlieb Sunday said.

Health experts say there is “a lot of uncertainty” when it starts to increase vaccine production from an experimental basis to get the amount available to a wider population.

“When you try to increase and get volume, many things can go wrong, many things can be delayed. It’s very difficult to get to the point where you produce high, high amounts,” Gottlieb told CBS “Face the Nation.”

“ME “It would say that” it is more likely that event 2021 will have a vaccine available in sufficient quantities to inoculate the population en masse, “he added.

Gottlieb notes that people might need two potential vaccine doses. If 200 million people are eligible and want a vaccine, 400 million doses may be needed to do it.

“Maybe it’s 2021,” he said.

Gottlieb, however, said he thought vaccines would be available in the fall to “ring the fence of the plague” in the city or to inoculate “certain parts of the population based on experiments.”

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Europe prepares for summer ‘like no other’ | Instant News


Stocks fell for the second day in a row after the Nasdaq broke the 6-day winning record on Tuesday. Investors and health officials seem increasingly worried about the possibility of a second wave of Covid-19 cases and further economic downturn as foreign states and governments move forward by lifting restrictions. Preliminary data from U.S. states which show the most aggressive reopening increased virus spread, according to former FDA Commissioner Dr. Scott Gottlieb.

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 4.3 million
  • Global Death: At least 293,514
  • US case: More than 1.3 million
  • US Death: At least 82,806

The above data was compiled by Johns Hopkins University.

14:28: Federal hazard wage laws prove difficult for important workers

Important workers who seek Congress to approve salary increases may have to wait at least a few more weeks to get financial support. When lawmakers pile praise on the “heroes” on the front lines, they have not yet passed wage increases for workers who are at high risk of being contracted by Covid-19.

The latest in a series of hazard payment proposals at Congress came on Tuesday, when House Democrats put in $ 200 billion to raise important workers’ wages in their $ 3 trillion “HEROES Act”.

Constitution get past the building on Friday, but has little chance of passing the GOP held by the GOP and becoming legal. Congress also has not yet received a separate danger payment proposal from the Democratic Senate and Senator Mitt Romney, R-Utah.

The plan will include people who still have to work on site during the pandemic, including health care, food services, and transit workers.

“It’s time to put your money where your mouth is,” said Bob Gibson, 1199 vice president of International Union Local Employee Services in Florida, a country where unions represent 25,000 health care employees. —Jacob Pramuk

14:15: Amazon will end wage increases and double overtime pay in June

Amazon will provide hourly wages and overtime pay for workers to May 30, but both policies will end in June. This announcement marks the second time Amazon has extended this policy.

In March, the company was announced it will raise hourly wages and provide double overtime pay for warehouse and shipping workers. That later be extended these benefits until May 16.

An Amazon spokeswoman confirmed to CNBC that they would return to regular wages and overtime pay at the end of the month, adding that Amazon “thanked partners who supported customers when demand increased.”

While Amazon has extended hazard payments to workers, Amazon continues to face criticism of its decision to end its unpaid unpaid time policy. Warehouse workers had previously told CNBC that the policy was a valuable resource for them during the pandemic, because it allowed them to stay at home free of charge and face no penalty for losing work. —Annie Palmer

14:03: New York has paid $ 7.4 billion in unemployment claims to around 1.7 million residents

Melissa DeRosa, Governor Andrew Cuomo’s secretary, said at a press conference that the country’s labor department had paid $ 7.4 billion to around 1.7 million residents who struggled with unemployment in the first seven weeks of the Covid-19 crisis.

DeRosa said that number was approx six times the number of claims filed during the 2008 financial crisis when 300,000 New Yorkers lost their jobs. Some residents said they had struggled to apply for and receive unemployment in the state, citing a period of waiting for months since they first applied.

Cuomo said the state was trying to process as many claims as possible without the consent of citizens who did not meet federal criteria. “You want to finish it in one day, but you want to finish it right,” he said. —Noah Higgins-Dunn

13:53: Colby College might delay the fall semester

Colby College, a small liberal arts school in Maine, might consider postponing its fall semester to ensure private classes can take place, according to trustee Bob Diamond.

“One of the things we have decided as the head of the college, and as the board of trustees, is that even if we have to postpone the first semester until December or January, we can still carry out a full year in personal education,” said former Barclays CEO on CNBC’s ” Squawk Box.

“Higher education institutions throughout the country grapple with questions about how, or whether, students can safely return to campus in the fall amid the threat of Covid-19. –Kevin Stankiewicz

1:05 noon: The future of a flexible workspace

What is the future of flexible workspaces, and how does the industry respond to the coronavirus pandemic?

We chat directly with Julie Whelan, head of Americas Occupier Research at CBRE and CNBC technology editor, Ari Levy.

Have questions about the future of work? Leave a comment on our Facebook post.

1:00 pm: Request for retail sales can evaporate forever

A sign in the shop window when the state of Florida enters the first phase of plans to reopen the state on May 4, 2020 in Saint Augustine, Florida.

Sam Greenwood | Getty Images

Where have you been 5% to 10% of Pre-Covid-19 requests for clothing and shoes can be destroyed permanently, because “lost store volumes cannot be completely made online,” Wells Fargo’s retail analyst Ike Boruchow said in a note to clients.

It will likely take a long time for shoppers to return to the store, even when they reopen during a pandemic. It may take at least 9 months for sales to reach a “new normal,” predicts Wells Fargo.

Meanwhile, online activities will continue to increase. About 25% of clothing and footwear purchases are made on the internet in the US today, said Wells Fargo. But that could reach 30% due to a pandemic, he said. —Lauren Thomas

12:53: Conde Nast will lay off about 100 US employees

Magazine giant Conde Nast laid off almost 100 employees in the U.S., according to a memo obtained by CNBC.

The company will issue around 100 more employees and reduce working hours by a small amount, according to the memo. Conde Nast will notify affected employees Wednesday.

“This decision has never been easy, and not something I take lightly,” Chief Executive Robert Lynch wrote in the memo to employees. Some publishers have been affected by a sharp drop in advertising revenue caused by the Covid-19 pandemic, causing some workers to reduce their workforce in an effort to cut costs. –Jessica Bursztynsky

12:49 pm: DOJ’s main antitrust officer responds to Warren and Ocasio-Cortez’s push to stop the company’s merger

The country’s top antitrust official, Makan Delrahim, told CNBC putting a moratorium on mergers of large companies would be “misguided,” after lawmakers pushed for a ban on an agreement in Congress.

Senator Elizabeth Warren, D-Mass., And fellow Rep. Progressive Alexandria Ocasio-Cortez, D-New York, wants a moratorium on transactions for companies with revenues of more than $ 100 million, as well as several private equity funds and hedge funds. But Delrahim told Andrew Ross Sorkin of CNBC that he believed an agreement might, in fact, be needed to help companies manage their liquidity, and to keep employees in their jobs.

He also goes through how he will determine whether a company that submits a suitable offer will qualify for a “failed company” defense, which will allow the Department of Justice to approve an agreement that might be blocked.

To meet these criteria, a company must prove that it cannot fulfill its financial obligations or reorganize its debt through bankruptcy and has made a good-faith effort to find a less competitive buyer, Delrahim said. –Lauren Hirsch

12:33: European summer vacation season will look very different this year

People relax in the sun at the London Fields park in east London on April 25, 2020, during the national closure due to the new COVID-19 coronavirus pandemic.

JUSTIN TALLIS

It will be summer “like no other.”

That is an honest prediction by the European Union, which launched a new one guidelines on how the tourism industry should be reopened amid the coronavirus crisis.

According to the Brussels agency, staff must receive training on the symptoms of Covid-19, businesses must reduce the physical presence of employees as much as possible and social distance measures must be applied in public areas.

They also recommend reserving slots for eating and using the pool. –Matt Clinch

12:15: The FBI issued a warning about hackers targeting vaccine research

Hackers linked to the Chinese government are trying to steal research related to coronavirus in vaccines, maintenance and testing, the FBI and U.S. cyber security agents warn.

The FBI said it was investigating “the targeting and compromise of US organizations conducting research related to COVID-19 by [People’s Republic of China]- Affiliated cyber actors and non-traditional collectors. “

“The potential for information theft is jeopardizing the delivery of safe, effective and efficient treatment options,” the agency said in a joint statement.

U.S. officials has long complained that theft of Chinese intellectual property has hurt the economy of billions of dollars in income and thousands of jobs and threatens national security. China states that they are not involved in intellectual property theft. –Kevin Breuninger

12:02: More than 80 children in New York City suffer from coronavirus inflammation syndrome, the mayor said

A view outside the Bellevue hospital during the coronavirus pandemic on May 1, 2020 in New York City.

Noam Galai | Getty Images

Health officials have identified 30 additional children with multi-system pediatric inflammatory syndrome, a potentially fatal disease that doctors suspect is caused by Covid-19 infection.

Of the New York City cases, 53 tested positive for having the corona virus or having antibodies against the disease, indicating that they previously had the corona virus and recovered, Mayor Bill de Blasio told a news conference.

Symptoms of PMIS include prolonged fever, rashes, very bright red lips, swollen hands and feet and abdominal pain and can cause heart and kidney failure in children with Covid-19, health officials say.

The city will begin a digital advertising campaign on Wednesday to warn residents about the disease, de Blasio said. –Noah Higgins-Dunn

11:43 am: Amazon’s signal sending time is returning to normal after weeks of delay

Amazon drivers start the shipping route when workers at Amazon’s warehouse in Staten Island, New York get ready to leave their jobs demanding enhanced protection and pay after several workers at the facility are diagnosed with COVID-19.

Paul Hennessy | Barcroft Media | Getty Images

Amazon made several recent steps that indicate it is recovering from delays related to coronavirus. The company told the seller on Saturday that I wast will no longer limit shipments of non-essential items based on quantity.

Before the change, Amazon has limited the number of units that sellers can send per order to their warehouses, because they are trying to balance the demand for goods that are not essential and essential.

In addition, earlier this week, Amazon added back the superior offer section and the “Frequently bought together” widget to the product list. This service has been restricted for the past few weeks, because Amazon has tried to limit additional purchases from buyers.

One of Amazon’s last remaining barriers is to return the one and two-day shipping options. Next day shipments are now starting to return online to certain cities in the US, but have not been restored nationally, which indicates the Amazon warehouse has not fully recovered. –Annie Palmer

11:29 am: Disney can receive $ 1 billion every month so the park remains closed

An empty road leads to a quiet Disney resort after being closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.

Daniel Slim | AFP | Getty Images

Disney might be able to reopen its amusement park in Shanghai, but the company is on track to lose about $ 1 billion in profits before interest and taxes every month the rest of the park was closed due to the coronavirus pandemic.

Analysts like Bernstein Todd Juenger use the reported $ 1 billion loss in revenue reported by Disney earlier this month during the second quarter earnings report as a basis for estimating future losses in the third quarter and beyond.

Juenger said it was difficult to gauge the impact of running the park with fewer guests in attendance. At present, it allows less than 30% of its typical capacity to park.

When Disney reopens other parks, it is likely they will also receive fewer guests. The hope is that Disneyland in California and Walt Disney World in Florida will operate with a capacity of under 50%. –Sarah Whitten

10:52 AM: Race to find a cure or vaccine for a virus

Scientists around the world are carrying out rapid tracking to develop vaccines to prevent the corona virus when businesses try to reopen and people return to work.

“For the world to be like where it used to be, we have to have this vaccine,” Dr. Bruce Walker, a professor at Harvard Medical School.

Meanwhile, researchers are working to find treatments to fight the disease. On May 1, the FDA authorized emergency use for Gilead Sciences remdesivir. Even though the drug won final approval from the FDA, infectious disease specialists and scientists say researchers will need a repository of drugs to fight this respiratory virus. The following is a list of vaccines and medicines that are being developed to combat Covid-19.Berkeley Lovelace Jr.

10:38 am: US can start reopening with current testing capacity, LabCorp’s CEO said

Despite concerns from both Republican and Democratic politicians as well as state health officials, US. can start reopening with the current testing level, according to Adam Schechter, CEO of LabCorp coronavirus test manufacturer.

When the governor began to ease restrictions and reopen unnecessary business, officials and public health specialists have repeatedly called for greater testing capacity to detect and prevent potential outbreaks. Some have called for the ability to test millions of Americans every day to safely restart the economy.

“I’m not sure that we need to do 2 to 3 million tests per day,” Schechter said on CNBC’s “Squawk Box.” “I believe that we are ready to start opening status with testing available today and that will only increase over the coming weeks.”

The diagnostic plant is in talks with big employers to help them screen employees to get workers back safely at the office, he said, adding that an announcement would come tomorrow. —William Feuer

10:30 am: Fed sees more help needed to combat economic downturn

Federal Reserve Chair Jerome Powell said more help may be needed from Congress contain economic damage from coronavirus.

“Although the economic response is timely and large, maybe that is not the last chapter,” the chairman of the central bank said in a web broadcast with the Peterson Institute. Powell called the current situation “without modern precedents” in terms of speed and severity. However, he noted that the Fed did not consider the use of negative interest rates. “That is not something we see,” he said. —Jeff Cox

9:51 am: Mexico reopens the automotive industry

The shortage of potential parts from Mexico to reopen US factories is expected to be diverted.

Mexican President Andres Manuel Lopez Obrador is expected to issue a road map for the country to be reopened its economy, with a focus on the automotive sector, according to Reuters. Several Mexican car factories are scheduled to open soon Monday, in line with the U.S. assembly plant which is great for Detroit car makers.

Apart from President Donald Trump’s “First American” policy and the signing of the USMCA trade agreement, which took effect July 1, the American automotive industry relies heavily on Mexico for the production of parts and vehicles. With $ 93 billion, vehicles are the main import to the US from Mexico in 2018, according to federal data. The Automotive Research Center reports $ 60.8 billion, or 39% of auto parts used in the US, were imported from Mexico in 2019. —Michael Wayland

9:36 am: Dow down 200 points as Powell sees “significant downside risk”

Stocks opened lower as investors digested grim comments from Federal Reserve Fed Chair Jerome Powell. That Dow Jones Industrial Average dipping 220 points, or 0.95%. That S&P 500 while trading 0.8% lower Nasdaq Composite glide 0.5%. Powell’s statement came after the Labor Department reported last week that a record 20.5 million jobs were lost in April.

Read the update on market activity from CNBC Fred Imbert and Maggie Fitzgerald. —Melodie Warner

9:30 am: Economists expect coronaviruses to reverse globalization and create regional supply chains

The coronavirus crisis will basically reshape global trade as seen by businesses reduce their dependence on Chinese manufacturing, according to the Economist Intelligence Unit.

In a new report, EIU estimates that globalization will reverse after a pandemic, with regional supply chains becoming the norm. Companies will tend to move their supply chains closer to home after a supply shock from the Covid-19 outbreak, analysts said.

Because of the difficulties around building or moving supply chains – especially in the automotive sector – EIU said it is likely that any major changes will be permanent. —Chloe Taylor

9:11 am: April, US producer prices have experienced the biggest annual decline since 2015

U.S. producer prices decreased by 1.3% in April after slipping 0.2% in March, it strengthened some economists’ predictions for a brief period of deflation as the coronavirus pandemic pressured demand.

The Labor Department said Wednesday the producer price index for final demand fell 1.2% in the 12 months to April. That was the biggest decline since November 2015 and followed a 0.7% increase in March.

Economists surveyed by Reuters forecast PPI to fall 0.5% in April and drop 0.2% year-on-year. —Melodie Warner, Reuters

8:53: Hotspots from new cases dominate the East Coast

8:32 am: Former FDA chief sees college reopen in autumn

Former FDA Commissioner Scott Gottlieb told CNBC he believed US colleges and universities can welcome students back to campus for the next academic period.

“I think we will be in a position where we will try to open schools, open housing campuses in the fall because I hope that coming from July and August, we will see some decline in the case of summer,” he said in the “Squawk Box . “

White House health adviser Dr. Anthony Fauci on Tuesday warned higher education leaders not to believe that the Covid-19 vaccine or effective therapy would be available in the fall. –Kevin Stankiewicz

Disclosure: Scott Gottlieb is a CNBC contributor and member of the board of Pfizer and the biotech company Illumina.

8:12 am: LabCorp’s CEO increases test production at home

7:25 am: Merkel urges Germany not to jeopardize progress

German Chancellor Angela Merkel speaks at the 100th anniversary celebrations of the prosthesis maker Ottobock SE in Duderstadt, Germany, February 18, 2019.

Ralph Orlowski | Reuters

Chancellor Angela Merkel urged Germany not to jeopardize the progress the country has made in defeating the plague, warning that the virus will be present for longer, Reuters reported.

Germany and several other European countries have begun to ease restrictions and reopen unnecessary business.

The corona virus has infected more than 173,274 people in Germany and killed at least 7,755, according to Johns Hopkins University.

“It will be very sad if we have to go back to the limits we want to leave because we want to be too fast,” Merkel told the lower house of the Bundestag parliament, according to Reuters.

Germany has managed to maintain a low mortality rate compared to that with several other European countries such as Spain and Italy, partly because of Germany’s decision to implement extensive testing of people suspected of having the virus. Italy and England, for example, only test symptomatic cases. –Will Feuer

7:18 am: Europe wants to reopen the border to save tourism in time for summer

The European Union wants to immediately reopen the borders in the 27-nation bloc as soon as possible to help the lucrative tourism sector in the region recover in time for summer.

The bloc will present a draft proposal on Wednesday that will urge the return of “unlimited free movement,” although it is wary of a second wave of infections in the region, according to Reuters.

Airlines and airports will insist that passengers wear masks, but do not need to leave the middle seat empty on the plane, the draft proposal said. People should be able to stay in hotels, eat in restaurants or go to the beach safely, the concept added.

It is unclear whether non-Europeans will be allowed to visit this summer, with the European Commission reportedly saying: “Domestic and intra-EU tourism will be valid in the short term.” –Holly Ellyatt

Read CNBC’s coverage of the Asia-Pacific and Europe CNBC team overnight here: Spain’s daily death rate is slowing down; The Tui travel company plans up to 8,000 layoffs

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NYC funeral home exploded for storing a dead body in a van | Instant News


Jobless claims have exceeded 30 million over the past six weeks, with Florida now surpassing California as the country with the most weekly jobless claims, according to data released Thursday. With rising unemployment, companies are pushing back to business. Macy’s plans to open the door to all stores for the next six weeks, temporarily Wade through aims to bring back office workers in June. Read on for more news about how companies are responding to the rapidly developing public health crisis.

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 3.2 million
  • Global Death: At least 227,971
  • US case: More than 1 million
  • US Death: At least 60,999

The above data was compiled by Johns Hopkins University.

14:45: Democratic House aims to place more than $ 80 billion in broadband expansion

House Democrats issued a plan to invest more than $ 80 billion to increase broadband internet access corona virus forcing Americans to work, study and seek medical care from home.

The proposal by 12 lawmakers resembles a bill previously issued by Democrats to support US core infrastructure. This problem has taken on even more urgency, though, as efforts to slow the spread of the epidemic have forced the government to close businesses and schools, leaving millions of people at home without reliable internet services.

“Broadband deployment is very, very necessary,” House Majority Whip James Clyburn, D-S.C., Told reporters Thursday morning in reviewing the plan. She says making sure more households have internet “made more important by the current pandemic that we are trying to respond to.” —Jacob Pramuk

14:30: Vice President Mike Pence wears a mask after criticism of the Mayo Clinic visit

The Vice President was seen wearing a mask at GM’s factory in Kokomo, IN with Transportation Secretary Elaine Chao and CEO of General Motors Mary Barra, after being criticized for not wearing masks during a recent visit to the Mayo Clinic.

White House Swimming Pool

vice President Mike Pence wearing a mask while touring Indiana’s ventilator facility, two days after triggering a storm of criticism for failing to wear a mask during a visit to the Mayo Clinic despite strict coronavirus restrictions there.

Pence is on a tour General machine the factory in Kokomo with Transportation Secretary Elaine Chao and GM CEO Mary Barra. The photos show other people with him wearing masks too.

Pence, who had served as governor of Indiana, previously said that he didn’t need to wear a mask because he is regularly tested for coronavirus, and so far it has proven negative for it.

Health experts refute the idea, saying the test is not always accurate, and that there is a risk that Pence can contract the corona virus between tests.

The Mayo Clinic had told Pence staff before he visited there Tuesday that a mask was needed for all visitors, staff and patients at the Rochester, Minnesota facility, due to a coronavirus outbreak

Pence is surrounded by people, including patients, wearing a mask during his tour. —And Manganese

14:13: Former NYC Mayor Bloomberg is developing a mobile application to help track the case of the state of New York

Former New York City Mayor Michael Bloomberg is developing three smartphone applications to help the state of New York track every person related to someone infected with the Covid-19 case to help control the spread of the virus.

Contact tracing requires a number of people to interview coronavirus patients and track all their contacts over the past 14 days so that these people can be notified, tested, and quarantined.

The team led by Bloomberg partnered with the nonprofit health services Vital Strategies to develop three new smartphone applications. The first application will help contact tracers find information and data quickly, the second will allow the public to send data directly to the local health department and the third will provide guidance to people in quarantine and allow them to report any symptoms, Bloomberg said.

“When social distance is relaxed, contact tracing is our best hope for isolating the virus as it arises and keeping it isolated,” Bloomberg said from the governor’s press conference in Albany. —Noah Higguns-Dunn, Will Feuer

1:50 pm: Ford plans a health check, temperature check to bring office workers back in June

Ford Motor expect to start calling back salaried employees who have worked remotely because of the coronavirus pandemic that began in late June, executives said.

Around 124,000 white-collar workers are expected to be in the “last group” of employees to return to their offices, according to Ford Kiersten’s Chief of Staff Human Resources Robinson. He said employees will gradually return from the end of June and early July.

Factory workers are expected to gradually return to work early next month because the company plans to gradually reopen US factories that began in the second quarter. The facility has been closed since last month because of this Covid-19.

Farley and other executives said Thursday that the two groups of workers would return to work with broad safety measures and protocols.

Plans include extensive cleaning; face masks are mandatory and, in some cases, face shields. Employees need to delete pre-work health assessments and temperature checks, including thermal body scanners and handheld readers, when entering the building. Ford is also redesigning the workplace to allow social distance if possible. —Mike Wayland

1:42 pm: Trump said he was ‘responsible’ for the ‘fast track’ work to produce vaccines

President Donald Trump said US officials and scientists worked as fast as possible to produce a coronavirus vaccine, and he stressed that he was responsible for developing it in “Operation Warp Speed.”

“I hope we will have vaccines and we will speed up vaccines like you have never seen if we come with vaccines. I think they might,” he told reporters at the White House. meeting with New Jersey Governor Phil Murphy.

“I’m not very promising,” he added. “Whatever is the maximum, whatever you can do humanely, we will do.”

When asked by a reporter in charge of vaccine operations, Trump said, “honestly, me.”

“I’m really responsible for that,” he said. “I think maybe more than anything I answered.” —Berkeley Lovelace

13:30: ‘Safe to go back to work’ – CEO Dow sees strict factory screening as ‘best practice’

Dow Inc. CEO Jim Fitterling told CNBC that strict screening for workers and the use of personal protective equipment had allowed the material science giant to continue operating its factories and laboratories as safely as possible during the coronavirus outbreak.

“We work safely. We share these best practices with governments around the world,” Fitterling said “Rascals on the Street.” “We think it’s safe to go back to work, and we will start to show it.”

Dow currently operates with around 14,000 workers in its production facilities, said Fitterling, noting that the government classifies many parts of the company as important “because we provide the materials that are urgently needed right now.”

Dow has 36,500 employees in more than 100 factory locations in 31 countries.

Fitterling said that returning workers safely to the factory and laboratory is the focus of the company’s efforts now.

“When we get a room where they are tighter, like an office, it might come later,” he said. “We want to ensure that we maintain basic functions and people who work effectively from home can continue to do that.” —Kevin Stankiewicz

1:19 pm: England ‘passes its peak,’ said Boris Johnson

Britain has officially passed the peak of its coronavirus, Prime Minister Boris Johnson said.

“I can confirm today that for the first time we passed the peak of this disease,” Johnson said in his first appearance at a government daily briefing since returning to work after falling ill with Covid-19.

“We are past the summit and we are on the lower slope.”

But Johnson did not provide a road map for the UK to finally lift its limits on public life, something that was gradually done by countries in Europe. —Ryan Browne

1:09 pm: Top US spy agency says coronavirus ‘is not man-made or genetically modified’

The main US spy agency said for the first time that the country’s collective intelligence community did not believe that coronaviruses were man-made or genetically modified.

“The Intelligence Community also agrees with the broad scientific consensus that the COVID-19 virus is not man-made or genetically modified,” the Office of the Director of National Intelligence said in a rare statement.

“IC will continue to closely examine emerging information and intelligence to determine whether the outbreak began through contact with infected animals or whether it was the result of an accident in a laboratory in Wuhan,” he added.

That a statement from the Office of the Director of National Intelligence contrary to reports stating that the new coronavirus has been developed by Chinese scientists in the government biology weapons laboratory.

The US intelligence community is tasked with checking whether the virus that caused the global pandemic arose accidentally from a Chinese research laboratory, US intelligence officials and currently told NBC News. —Amanda Macias

12:48 p.m.: New York City has stopped the 24-hour subway service to sterilize trains and buses overnight

New York City suspended subway services 24 hours to disinfect subway cars during the coronavirus crisis, Mayor Bill de Blasio and Gov. Andrew Cuomo announced Thursday.

“They (MTA) can sterilize all trains and buses every night, the best can be done by stopping train services from 1 am to 5 am every night during the pandemic so they can really do this service,” Cuomo said at a press conference.

The Metropolitan Transit Authority, which runs the city’s public transport system, will still provide buses and rental vehicles and “van dollars” at no cost to important workers during these hours, Cuomo said. —William Feuer, Noah Higgins-Dunn, Jasmine Kim

12:25: Why does the US face a shortage of hospital beds

12:14: Florida has overtaken California as US unemployment claims capital

Florida has overtaken California as a US state with the most unemployment claims every week when Tallahassee begins to process in earnest a large pile of submissions.

Florida, which reported 432,465 jobless claims for the week ended April 25, surpassed 328,042 in California, marking the first time since the week ended March 21 that the State of Gold did not lead the country in the number of workers who filed for unemployment benefits.

Although the two states reported a decline in the number of workers seeking insurance from the previous week, that Florida now leads the important chart because its workforce is around half of California. Texas and Georgia also saw a large number of claims last week with each state reporting at least 250,000.

That Florida’s relative surge in claims possibly thanks to increased state capacity to process submissions. —John Schoen, Tom Franck

11:53: He escaped from Brooklyn to live in Oklahoma – “You’re only in this mode of survival”

Lindsey Marvel, 38, moved to New York three years ago because, he said, “I’m really going to grow up or go home.”

Now he will return to Tulsa, Oklahoma to avoid the damage caused by the coronavirus pandemic that has hit New York harder than any other place in the country. The impact of the plague on his personal life, and on the city he loved, was too much.

“My neighbor died. Friends saw a body bag from their window, and you were only in this survival mode. I was just scared,” said Marvel, who lives alone in a rented apartment in Brooklyn. “Everything in New York is not easy – and that is its appeal, you know – it is not so easy – and it becomes too difficult.”

Marvel, an optician who left Tulsa 20 years ago, actually signed up for a program last year called Tulsa Remote. In an effort to attract new employee talent, he offered a $ 10,000 grant and additional benefits to qualified remote workers who moved to and worked from Tulsa.

He was accepted, but was rejected because he could not leave Brooklyn. He called back last week and ask if they will still bring it. They do. —Diana Olick

11:32 am: ‘unconscionable’ that New York City funeral homes leave corpses in vans, said Mayor Bill de Blasio

Workers secure a van full of corpses of people who died, during a coronavirus (COVID-19) outbreak at Andrew Cleckley Funeral Home in Brooklyn, New York, April 29, 2020.

Lucas Jackson | Reuters

“It makes no sense” and “absolutely unacceptable” that a Brooklyn funeral home left the body in a storage van when the city’s morgue system was filled with coronavirus patients, Mayor Bill de Blasio said Thursday.

“Why don’t they warn the country that governs them or go to the NYPD office and ask for help?” said de Blasio at a press conference. “Do something instead of leaving the body there. It doesn’t make sense to me.”

Mayor responds report that Andrew T. Cleckley’s Funeral Service in Brooklyn left corpses to rot on U-Haul without coolers and other rental trucks on a busy city street on Wednesday. When CNBC arrived at the funeral home to comment, a man who did not identify himself hung up before questions were asked.

“I don’t know in the world how a funeral home could allow this to happen,” de Blasio said. “Absolutely unacceptable. Let’s be clear about this.”

Mortuaries, graves, crematoriums and mortuaries in New York City have been controlled by coronavirus pandemic victims, which have killed nearly five times the population of New York in two months compared to the September 11 terrorist attacks. —William Feuer, Jasmine Kim

11:15: NBA team executives, agents call the league to cancel the rest of the season

The AmericanAirlines Arena scene is empty before the start of the regular NBA basketball season match between the Miami Heat and the Charlotte Hornets on Wednesday, March 11, 2020 in Miami.

David Santiago | Miami Herald | Getty Images

Although the current NBA season is still technically suspended due to a coronavirus pandemic, the return this year seems increasingly unlikely every day. Team executives began to feel pressure, frustrated by the lack of information from the league and pushing for a direct cancellation this season so everyone can focus on resuming the game next season safely.

NBA team executives and player agents have spoken to CNBC in recent weeks about the challenges in continuing the game. They said the team owner was concerned about the issue of accountability and was conflicting about whether to give up or not in the current season. Individuals speak on condition of anonymity because they are not authorized to discuss league issues publicly.

Billions of dollars are on the line if the NBA cannot save its season. The NBA team shares about $ 2 billion a year in national TV money that the NBA receives from ESPN and Turner Sports. But the club also gets revenue from local media deals with Regional Sports Networks. –Jabari Young

11:05 am: McDonald’s says sales of the same store as this quarter will be worse

McDonald’s expect the sales of the same store are steeper decreased in the second quarter as the closure of international restaurants because the coronavirus pandemic continued to weigh on sales. The same store sales worldwide shrank 3.4% in the first three months of this year after falling 22% in March.

“Looking at comparable sales, we expect the second quarter as a whole to be far worse than what we experienced during the full month in March,” CEO Chris Kempczinski told analysts at a conference call.

More than half of restaurants in McDonald’s international-operated market segment, which includes France and Australia, are closed. Four countries in this segment – Britain, Spain, Italy and France – have closed restaurants completely to slow the spread of the virus. In April, the same store sales in this segment fell by around 70%. –Amelia Lucas

10:57 am: The US wind industry installs more than 1,800 megawatts in Q1, but the plague remains at risk

The first quarter of 2020 saw the US wind industry install more than 1,800 megawatts (MW) of new capacity, a report from the American Wind Energy Association (AWEA) has revealed. According to the AWEA report, 11 new projects with a total capacity of 1,821 MW began operations in the first three months of this year.

AWEA notes that this represents more than double the installation compared to the first quarter of 2019, AWEA said in a statement issued Wednesday.

While there are clear positives in the report – which also says construction activity reached a new record in the first three months of this year – coronavirus shadows this sector. Citing his own analysis from March, the trade association said about 25 gigawatts of planned projects – representing $ 35 billion in investment – were at risk. –Anmar Frangoul

10:32 am: Tyson temporarily closes the Nebraska beef factory for cleaning

Tyson Foods said to temporarily suspend operations in a large Nebraska beef processing unit that functions as the largest company in neighboring Sioux City, Iowa, after a surge in coronavirus cases in the area. Tyson said it would close the Dakota City plant on Friday to Monday to conduct a deep cleaning of the facility.

State health officials in recent days have reported hundreds of cases of new corona virus in Nebraska’s Dakota County, where the plant is located, and Woodbury County, Iowa, where Sioux City is located. Tyson had earlier revealed that several workers at the factory tested positive for the virus, but it had not yet been said. The Arkansas-based company said it was screening Dakota City employees for the virus this week with the help of Nebraska National Guard.

The Dakota City facility is one of the largest beef processing factories in the country, employing around 4,300 people. This step follows the recent closure of other meat processing facilities across the country due to coronavirus, which spread quickly among workers who often stand shoulder to shoulder on the production line. –Associated Press

10:30 am: Denmark says the spread of the virus has not increased since reopening began

Nyhavn in Copenhagen, Denmark

Kun Tawan | Twenty20

The spread of Covid-19 in Denmark has not accelerated since the country began gradually loosening restrictions in mid-April, the State Serum Institute, which is responsible for preparedness for infectious diseases, said.

Level R, which shows the average number of infections caused by one virus, has increased slightly in the past two weeks but has remained below 1.0, the agency said.

“However, there are no signs that the COVID-19 epidemic is accelerating,” he said. –Reuters

10:20: ‘Lasagna guys’ raised $ 1.26 million to feed NYC hospital workers

Restaurateur Luca Di Pietro and his team has been known as “lasagna guys” among the frontline workers of New York City. That’s because Di Pietro and his team helped deliver more than 64,000 meals to health workers in the midst of the Covid-19 pandemic.

“Lasagna has always been a big hit,” Di Pietro, 50, who is the owner of the Tarallucci e Vino restaurant group in Manhattan and now the founder of Feed the Frontlines NYC, told CNBC Make It. “It makes me smile. Hard times … at least they can eat something delicious. Thinking that food has been brought and prepared by New Yorkers is a moral boost for front-line workers.”

Di Pietro began Feeding Frontlines NYC, a non-profit initiative, to raise funds for his restaurant, Tarallucci e Vino, and other local restaurants. It also provides hospital workers in the worst-hit city in the country with free and delicious food. So far the initiative has raised more than $ 1.26 million in donations to pay for food, and its success has even inspired others to launch the Feed the Frontlines initiative in other cities.

In addition to feeding local hospital workers who are fighting the pandemic, Feed the Frontlines has helped keep participating restaurants alive and their workers employed. –Taylor Locke

10:01 am: Mike Pence visits the Mayo Clinic without a mask ‘being an example of carelessness,’ said Jim Cramer

Vice President Mike Pence paid a visit with doctors and laboratory technicians while touring the Mayo Clinic facility which supports research and treatment of coronavirus (COVID-19) in Rochester, Minnesota, USA, April 28, 2020.

Nicholas Pfosi | Reuters

CNBC Jim Cramer denounced the Vice President Mike Pence for not wearing a coronavirus mask during the Mayo Clinic tour earlier this week.

“Until we can control this, we cannot ask the vice president of the United States to go to the Mayo Clinic without a mask because that is an example of carelessness,” Cramer told CNBC’s. “Rascals on the Street.”

Cramer’s comment about Pence come as “Crazy Money” praise the host Costco therefore new policy, starting Monday, which requires all buyers to wear face masks in their stores. Costco already requires its employees to wear masks.

“I think this will be the standard of care two weeks from now,” Cramer said, predicting people would not go anywhere without a mask. —Matthew J. Belvedere

9:33 morning: The Dow fell more than 200 points to the end of April after more downbeat economic data

Stocks fell on the last day of April, as investors digest another round of dismal economic data along with the latest batch of major technology revenues.

The Dow Jones Industrial Average is trading down 252 points, or 1%. The S&P 500 is down 0.7%. Nasdaq Composite cuts around the flat line at the start of trading.

The Department of Labor said 3.84 million other Americans filed for unemployment benefits last week, bringing the total of six weeks to more than 30 million. U.S. consumer spending also down 7.5% in March from year to year. —Fred Imbert, Thomas Franck

9:26 am: Elon Musk’s F-bomb rant on locking reflects ‘growing sentiment,’ said Dr. Scott Gottlieb

Feeling behind Tesla CEO Elon MuskBullshit full of swear words against the state government staying at the command house shared by more and more Americans, Scott Gottlieb said CNBC.

“I think it reflects the growing sentiment in this country where it will be interesting to what the governor must do,” Gottlieb said. “Squawk Box.” “They have a difficult decision to face this month.”

Wednesday night, Musk criticized, even dropped an F bomb, on an income call for electric vehicle makers, saying that the lockdown intended to help slow the spread of the corona virus was “fascist.” He also said the order amounted to “forcibly imprisoning people in their homes against all their constitutional rights.”

A number of countries throughout the country, like Georgia, Colorado and Tennessee, has recently reduced some business restrictions related to coronavirus. Other states, like Ohio, has announced details of a gradual reopening that will begin in May. —Kevin Stankiewicz

Disclosure: Scott Gottlieb is a CNBC contributor and member of the board of Pfizer and the biotech company Illumina.

9:01 AM: How countries are reopening businesses and lifting coronavirus restrictions

Across the country, countries have closed businesses and ordered people to work from home if they can and live in as many houses as possible to slow down the spread coronavirus pandemic.

However, with cases beginning to fall, countries are trying to leapfrog economies hard hit by this virus. Millions of Americans who have been expelled from work because of locked efforts are also eager to return to the workforce.

The governor has taken different tactics in developing plans to relax the order to stay at home, each taking a different path in removing distancing social boundaries. Countries in the Northeast, Midwest and West Coast have formed coalitions to usher in regional recovery. Other countries face criticism for allowing non-essential businesses to continue their own operations. Some governors have not released any reopening plans.

The following is an overview of how each state in the US responds to Covid-19 in the provision of lifting restrictions on citizens and businesses. This list will be updated every day with new developments. —Hannah Miller

8:53: New cases are reported every day by region

8:50 am: How Mercedes-Benz reopens an Alabama car factory

Mercedes-Benz reopen the U.S. factory this week in Alabama, became one of the first manufacturers to continue operations since coronavirus pandemic stopped producing cars throughout the country last month.

Daimler, which owns Mercedes-Benz, said it needed “good safety measures and best practices” to ensure that the reopening of the plant was safe for 4,200 workers who produced Mercedes-Benz GLE, GL and GLE Coupe SUVs.

New protocols to reduce the spread of the virus include the use of mandatory face masks, temperature checks on entry and separation of employees in break rooms, cafes and public areas.

Only one in three shift workers at the factory were initially recalled on Monday when the factory increased production and safety measures were implemented. —Michael Wayland

8:42: US weekly jobless claims reach 3.84 million, exceeding 30 million over the past 6 weeks

First time filing for unemployment insurance reached 3.84 million last week because the wave of economic pain continues, even though the worst was seen in the past. Economists surveyed by Dow Jones had estimated 3.5 million.

Jobless claims for the week ending April 25 entered the lowest level since March 21 but brought the total of six weeks to 30.3 million as part of the worst employment crisis in US history. Claims reached a record 6.87 million for the week of March 28 and have declined every week since then.

The surge in unemployment has come amid efforts to curb the spread of the corona virus. While some states and cities have begun bringing their respective economies back online, many of the main US infrastructures have remained locked. —Jeff Cox

8:31 am: The latest on US hot spots

8:30 am: Energy demand is expected to record a decline this year

The International Energy Agency said so expect global energy demand to fall this year in the so-called Paris-based agency the biggest decline since World War II.

With around 4.2 billion people worldwide experiencing some kind of locking in an effort to slow the spread of the corona virus, the IEA estimates a 6% reduction in energy demand for this year. In absolute terms this is the largest on record. Percentage wise, this is the steepest decline in 70 years.

Demand hit by the pandemic is estimated to be seven times greater than the decline after the 2008 financial crisis.

“In absolute terms, the decline is unprecedented – which is equivalent to the loss of all Indian energy demand, the third largest energy consumer in the world,” said the agency’s Global Energy Report. —Pippa Stevens

8:22 am: Macy’s plan to reopen all stores in 6 weeks

8:18 am: Governor Newsom is expected to close all California beaches

Thousands of beach visitors enjoy warm and sunny days on the beach amid the mandate of living in the country and the mandate of maintaining social distance to prevent a coronavirus pandemic in Huntington Beach, CA, on April 25, 2020.

Allen J. Schaben | Los Angeles | Getty Images

The California Police Chief Association notified members by email on Wednesday that Governor Gavin Newsom would announce that Thursday all beaches will be closed on Friday to prevent types seen crowding over the weekend, when warm weather drives thousands of people to the Orange County coast.

The state park is also expected to be closed.

The e-mail, which apparently included a memo, was confirmed to NBC News by two law enforcement sources. —NBC News

8:09 am: Quarterly results show pressure

Quarterly reports from major US companies reveal pressure from the coronavirus pandemic. This is what offers Thursday morning updates.

—Sara Salinas

Disclosure: Comcast owns NBCUniversal, the holding company of CNBC.

07:08: Prada will gradually restart production, will use an antibody test

Victor Sokolowicz | Bloomberg | Getty Images

Prada from Italy said, has gradually increased production back in several locations throughout Italy after nearly two months locked to curb the spread of the corona virus.

The fashion company said it had reopened its industrial location in Tuscany on April 20 and in the central regions of Umbria, Marche and the northern region of Veneto – one of the hardest hit areas – after that.

It said several workshops at the Milan headquarters were also back at work. Kelompok itu mengatakan mereka menerapkan serangkaian langkah-langkah keamanan penuh untuk stafnya, termasuk metode penyaringan ganda untuk staf dan penggunaan tes antibodi. –Reuters

7:01 pagi: Peneliti Inggris harus tahu pada bulan Juli apakah vaksin efektif

Sampel langsung dalam tabung reaksi disimpan dalam wadah Rumah Sakit Universitas Queen Elizabeth di Glasgow, Skotlandia, pada 22 April 2020.

Andrew Milligan | WPA Pool | Getty Images

That Inggris akan tahu pada bulan Juli apakah vaksin Covid-19 efektif, raksasa farmasi AstraZeneca the word.

Perusahaan itu mengatakan telah bermitra dengan Universitas Oxford untuk membantu mengembangkan dan mendistribusikan vaksin yang sedang diteliti oleh Jenner Institute dan Oxford Vaccine Group. Berdasarkan perjanjian tersebut, AstraZeneca akan bertanggung jawab atas pembuatan dan pasokan vaksin Oxford di seluruh dunia, yang memasuki uji klinis fase satu minggu lalu.

CEO AstraZeneca Pascal Soriot mengatakan kepada BBC Radio 4 “Today” menunjukkan bahwa perusahaan akan tahu dalam beberapa bulan apakah vaksin coronavirus efektif.

“Pada Juni, Juli kita sudah memiliki gagasan yang sangat bagus tentang arah perjalanan dalam hal kemanjuran potensinya,” katanya. –Chloe Taylor

5:44 pagi: Jepang sedang bersiap untuk memperpanjang keadaan darurat selama sekitar satu bulan

Jepang sedang bersiap untuk memperpanjang keadaan darurat selama sekitar satu bulan, sumber pemerintah mengatakan kepada Reuters. Awalnya akan berakhir Rabu depan.

Perdana Menteri Jepang Shinzo Abe mengatakan kepada parlemen bahwa ia akan berkonsultasi dengan para ahli penyakit menular tentang apakah akan memperpanjang keadaan darurat, yang ia nyatakan pada 7 April untuk tujuh prefektur termasuk Tokyo. Pertemuan akan berlangsung pada hari Jumat, kata menteri ekonomi. –Holly Ellyatt

5:32 pagi: Angka kematian harian Spanyol turun ke level terendah dalam hampir enam minggu

Seorang perawat dan petugas pemadam kebakaran berbicara di Rumah Sakit Umum Villalba pada 05 April 2020 di Madrid, Spanyol.

David Benito

Jumlah kematian terkait virus corona baru di Spanyol turun menjadi 268, kata kementerian kesehatannya, menandai penghitungan terendah dalam hampir enam minggu, Reuters melaporkan.

Jumlah total kematian meningkat menjadi 24.543 pada hari Kamis, naik dari 24.275 pada hari sebelumnya, kata kementerian itu. Jumlah total kasus di Spanyol sekarang berdiri di 213.435, naik 1.309 dari hari sebelumnya. –Holly Ellyatt

5:15 pagi: Swedia tidak dikunci tetapi kerusakan ekonomi bisa sama buruknya

Orang-orang berjalan di Strandvagen di Stockholm pada 28 Maret 2020, selama pandemi coronavirus COVID-19 yang baru. – Sweden, which has stayed open for business with a softer approach to curbing the COVID-19 spread than most of Europe, on March 27, 2020 limited gatherings to 50 people, down from 500.

JONATHAN NACKSTRAND

Sweden has attracted global attention for not imposing a full lockdown, as seen in most of Europe, to contain the coronavirus pandemic.

Nonetheless, data released from the country’s central bank and a leading Swedish think tank show that the economy will be just as badly hit as its European neighbors.

Sweden’s central bank, the Riksbank, gave two possible scenarios for the economic outlook in 2020 that “depend on how long the spread of infection continues and on how long the restrictions implemented to slow it down are in place.” Both possible scenarios are bleak.

In the first scenario, gross domestic product contracts by 6.9% in 2020 before rebounding to grow by 4.6% in 2021. In the more negative prediction, GDP could contract by 9.7% and a recovery could be slower with the economy growing 1.7% in 2021.

In both predictions, unemployment will rise and could reach 10.1% in 2020 in the worst-case scenario, up from 7.2% currently. –Holly Ellyatt

Read CNBC’s coverage from CNBC’s Asia-Pacific and Europe teams overnight here: Euro zone economy sinks; Spain’s daily deaths at lowest tally in nearly 6 weeks.

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