President Donald Trump announced Friday that he is “terminating” the country’s relationship with the World Health Organization after repeatedly criticizing the group for its response to the coronavirus crisis and accusing the agency of being “China-centric.” Trump’s strained relationship with the WHO could bring complications as scientists around the world race for a Covid-19 cure
Month: May 2020
States across the U.S. continue to chart their own paths forward, trying to thread the needle between public health concerns and efforts to restart the economy amid mass unemployment. Another 2.1 million people filed jobless claims over the past week while continuing claims, or those who have been collecting for at least two weeks, reached 21.05 million,
The U.S. death toll from the coronavirus passed 100,000 late Wednesday, far exceeding reported deaths in every other country. Black Americans made up a disproportionately large share of the deaths, according to an analysis of data from the Centers for Disease Control and Prevention. Two new studies that looked at the share of total infections that are asymptomatic
Global deaths due to Covid-19 surpassed 350,000 as U.S. deaths near 100,000 and states push forward with reopening plans. California Gov. Gavin Newsom said Tuesday that most of the state’s barbershops and hair salons can reopen with modifications. Nevada Gov. Steve Sisolak said the state is moving into phase two of its reopening plan, which will
Kenneth C. Frazier, Chairman and C.E.O. of Merck & Co. Stephanie Keith | Getty Images Merck CEO Kenneth Frazier stressed Tuesday the importance of making a vaccine to prevent Covid-19 widely available, saying “until all of us are safe, none of us are safe.” The coronavirus has shown “that it does not respect borders,” spreading to both
The number of coronavirus cases in the U.S. topped more than 1.6 million as deaths rose to more than 97,000, a tally from Johns Hopkins University shows. President Donald Trump threatened to pull the GOP convention out of North Carolina if the governor’s coronavirus restrictions impose a limit on the number of people who can
China’s top diplomat criticized U.S. efforts to hold China accountable for its alleged role in the spread of the coronavirus, calling any aims to force Beijing to pay compensation for the coronavirus a “daydream.” The number of coronavirus fatalities in New York state fell below 100, Gov. Andrew Cuomo said on Saturday, marking the lowest daily death toll since
Momentum is building at the White House for another round of stimulus checks, with President Donald Trump saying this week “I think we’re going to be helping people out” and “getting some money for them.” A number of issues need to be negotiated in Congress about what form the next relief package takes, but the Republican-held
A doctor involved in a U.S. coronavirus vaccine study said he is hopeful but not convinced that an injection will be available for circulation this year. Dr. Carlos del Rio, an Emory University professor of medicine, told CNBC on Friday that a Covid-19 vaccine could be ready in some form for distribution by the end
Confirmed coronavirus cases around the world passed 5 million early Thursday as infections continue to accelerate in the Americas. Drugmaker AstraZeneca said it received more than $1 billion from the U.S. Biomedical Advanced Research and Development Authority, a part of the Department of Health and Human Services, to develop a vaccine in partnership with the University of
Sectors of the U.S. economy are starting to show signs of a rebound, with more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday gets a more detailed look at the Federal Reserve’s most recent decision, with the release of the central bank’s
A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter. The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the
People sit on a hill overlooking Dodger Stadium on what was supposed to be Major League Baseball’s opening day, now postponed due to the coronavirus, on March 26, 2020 in Los Angeles. Mario Tama | Getty Images California Gov. Gavin Newsom said on Monday that the state could allow professional sporting events to reopen without
Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.56 million Global deaths: At least 308,000 U.S. cases: More than 1.44 million U.S. deaths: At least 87,500
7:42 am: Former FDA chief on what experts know about unique symptoms in children 7:37 am: Drive-ins offer haven for moviegoers, as traditional theaters stay shuttered GP: Coronavirus Drive-in cinema opens in Kaliningrad, Russia, amid COVID-19 pandemic 200508 Vitaly Nevar | TASS via Getty Images Once a dying piece of Americana, drive-ins have become a
7:50 am: Amazon is building face shields for frontline workers 7:10 am: Trump says he will mobilize military to deliver vaccine when there is one A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US
Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna CEO Stephane Bancel said he hopes U.S. and international regulators approve several
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Frustrated by local authorities holding up the reopening of Tesla’s factory in Fremont, California, Elon Musk said this weekend that his company
Friday’s grim monthly jobs report confirmed a record number of Americans out of work, but the markets took the number in stride as investors bet the worst of the pandemic and the toll it’s taken on the economy has passed. The Dow Jones Industrial Average, the Nasdaq Composite Index and the S&P 500 all posted
A delayed coronavirus epidemic has taken hold in Eastern Europe as cases and deaths rise in Russia while outbreaks in Western Europe begin to subside, World Health Officials said on Friday. “There are differences right now between Western Europe, which has been through that first big wave, and Eastern Europe, particularly Russian Federation, that is
Governments and health officials are trying to strike a balance between reopening economies and staving off a second wave of infections. Meanwhile drugmaker Moderna received a “crucial” FDA approval for phase 2 trials of its vaccine candidate. Weekly jobless claims data lies ahead. This is CNBC’s live blog covering all the latest news on the
Wall Street is getting a look at another batch of quarterly earnings reports on Wednesday, with General Motors, CVS Health and Wendy’s all offering updates ahead of the market open. Disney reported a rough second quarter for parks and cruises when it provided results after the bell on Tuesday, recording a 58% drop in operating
As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly
Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said on Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said Monday morning the drugmaker would be investing more than
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. States across the U.S. are reopening after some coronavirus lockdowns meant to curb the spread of the virus are eased despite the