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 542,700 Global deaths: At least 24,361 US cases: At least 85,996 US deaths: At least 1,300 The data
Business
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that topped expectations, as its same-store sales surged 20% during the period, thanks, in part, to
General Motors told about 69,000 salaried employees globally on Thursday that it will temporarily cut 20% of their salaries as the automaker attempts to save cash amid the coronavirus pandemic. The deferment, which will begin April 1, will be repaid in a lump sum with interest no later than March 15, 2021, according to the
People line up to get a test at Elmhurst Hospital due to coronavirus outbreak on March 24, 2020 in Queens, New York, United States. There are now more than 35,000 cases of COVID-19 in the United States as governments scramble to contain the spread. Eduardo Munoz Alvarez | Getty Images Hopes for a coronavirus treatment
A man steps out of a McDonalds restaurant with sign announcing take-out service only in Hollywood, California on March 16, 2020 as the Coronavirus pandemic brings much of California to a standstill. Frederic J. Brown | AFP | Getty Images McDonald’s is pulling its all-day breakfast menu to simplify operations as the coronavirus pandemic strains
Americans who are stuck in their homes during the coronavirus pandemic aren’t just video-conferencing and binge-watching TV. Lowe’s CEO Marvin Ellison said they’re also replacing appliances and doing DIY projects. In an interview with CNBC on Wednesday, Ellison said the home improvement retailer has seen an increase across nearly every store category as customers not
Target is putting some of its ambitious growth plans on hold as it focuses on the day-to-day realities of dealing with coronavirus outbreak. The big-box retailer said Wednesday it will delay plans to remodel hundreds of stores, open new ones and offer fresh groceries and beer to curbside pickup. Target is also withdrawing its financial guidance
Nike reported quarterly sales that topped analysts’ expectations, thanks to a boost from its digital business and growth in North America, which helped to offset weakness in China due to COVID-19. Its shares shot up more than 8% in after-hours trading Tuesday following the release. Chief Executive Officer John Donahoe said the business is starting to
Los Angeles County Public Health director Barbara Ferrer. Robyn Beck | AFP | Getty Images A child under 18 has died from the coronavirus in California, Los Angeles County health officials announced Tuesday. “Tragically, one of the people who died was a person under the age of 18, a devastating reminder that COVID-19 infects people
This photo taken on March 23, 2020 shows employees eating during lunch break at an auto plant of Dongfeng Honda in Wuhan in China’s central Hubei province. STR | AFP | China The fast-spreading coronavirus has prompted many countries around the world to effectively shut down in order to contain the outbreak. The draconian measures