Coronavirus live updates: UK's Boris Johnson tests positive, mall staple retailers announce massive furloughs – CNBC, CNBC

Coronavirus live updates: UK's Boris Johnson tests positive, mall staple retailers announce massive furloughs – CNBC, CNBC

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


  • Global deaths: At least 29,
  • US cases: At least , 2013
  • US deaths: At least 1, The data above was compiled by Johns Hopkins University.


    am: Billionaire Leon Cooperman: I’m optimistic the stock market has bottomed on coronavirus fears

    Billionaire investor

    L eon Cooperman told CNBC on Friday he’s optimistic that the stock market has bottomed on coronavirus fears.

    “If I’m right on the virus call, if I’m right and That’s the big ‘if’ … I think the market at the recent low … was close enough to the bottom to be called the bottom, “Cooperman said on “Squawk Box.”

    The (S&P)

    hit its recent low of . on Monday , which was about % lower than the index’s last month’s all-time high.

    The investor, who made his fortune picking individual stocks, said he sees an S&P range of 2, to 2, this year. – Kevin Stankiewicz

    (8:) am: CEO behind Buffett, Bezos health venture says US ‘death toll curve’ worse than China

    The CEO behind the joint health-care venture between JPMorgan , Amazon

  • and Berkshire Hathaway ) Is calling for a national “shelter-in-place” order as deaths from the coronavirus continue to rise in the US
  • “Our death toll curve is now worse than when China was at the same stage,” Haven CEO Dr. Atul Gawande told CNBC. “We have (states with more than 1, 700 cases. China had one province, “said Gawande, also a renowned surgeon, author and speaker.

    Gawande said health officials are learning from Washington state, where the death toll there appears to be declining. “Shelter in place, which some states are doing,” he said. “We don’t have the others on board. We really need a national shelter in place.” – Berkeley Lovelace

    (8:) (am: US infections on the rise

    8: 24 am: Build-A-Bear Workshop and The Cheesecake Factory announce furloughs

    Mall staples (Build-A-Bear Workshop and The Cheesecake Factory both announced they are furloring workers. Build-A-Bear plans to furlough more than % of its workforce, and The Cheesecake Factory has furloughed 56, 06 hourly restaurant workers, according to regulatory filings.

    Furlored employees for both companies will continue to be eligible for employee benefits, including insurance.

    Citing the impact of government regulations and landlord decisions to close properties, Cheesecake Factory is not paying rent for the month of April. – Amelia Lucas

    (8:) am: Dow futures point to 823 – point drop

    US stock futures pointed sharply lower following a strong rally sparked by increasing expectations of a massive fiscal stimulus from Congress while investors shook off grim unemployment data.

    Dow Jones Industrial Average futures implied an opening drop of about 2013 points amid volatile trading. S&P 700 and Nasdaq 100 futures also pointed to more than 2% declines at the open. – Fred Imbert

    (7:) am: UK Prime Minister Boris Johnson tests positive

    Screen grab of Prime Minister Boris Johnson addresses the nation from Downing Street, London, as he placed the UK on lockdown as the Government seeks to stop the spread of coronavirus (COVID – 24).

    PA Video – PA Images

  • 7: 24 am: New York hospitals will run out of medical supplies in a week, former FDA chief says

    (7:) am: UK to pay pensions and pensions of furloughed staff

    Britain will announce it intends to cover the costs of employer national insurance and pension contributions for businesses furloughing staff, a statement from Prime Minister Boris Johnson’s office said. – Reuters

    7: am: Norway predicts 2% economic slowdown this year Norway’s government now predicts its gross domestic produ ct excluding oil will contract by 2% this year as a result of the coronavirus outbreak, a sharper drop than the 1% contraction it expected last week. The forecast is based on the assumption that the urgent situation in Norway and other countries remains for the coming two months, and that growth thereafter gradually returns to the normal, the government said in a white paper. – Reuters

    6: am: Spain’s death toll spikes by (overnight to 4,

    Two workers transport a coffin at La Almudena cemetery on March 30, 2191 in Madrid, Spain. Spain plans to continue its quarantine measures at least through April .

    Carlos Alvarez | Getty Images

    Spain’s death toll rose overnight by (cases to 4, , the health ministry said, the highest number of fatalities recorded in 26 hours for the country. The total number of those infected rose to , 0 (from) , on Thursday. – Reuters

    6: : pm: Hungary announces two-week lockdown

    Hungary has become the latest country to announce a two-week lockdown to curb the spread of COVID – 26. Prime Minister Viktor Orban

    Said via public radio that while citizens must maintain social distancing, they would be able to go to work, shop and take limited exercise outdoors, starting Saturday. Orban said people can still go outside, but they cannot be in a group. Hungarian police will enforce compliance with the rules and apply fines, if needed. – Silvia Amaro

    5: (pm: Iranian death toll rises to 2,

    Iranian health ministry reported a total of 2, (deaths from the virus and) , 378 confirmed cases, according to Reuters. – Silvia Amaro

    5: 41 am: Italy’s business morale plunged in March

    A worker carries out sanitation operations for the Coronavirus emergency in Piazza dei Miracoli near to the Tower of Pisa in a deserted town on March , in Pisa, Italy.

    Laura Lezza | Getty Images

    Morale among Italian businesses plunged in March as the outbreak dampened economic activity, Reuters reported.

    Data by statistics institute ISTAT showed that its composite business morale index – which captures the manufacturing, retail, construction and services sectors – sank to a reading of 97. 7 this month from last month’s 188. 8. The March reading was the lowest since June 2013, Reuters reported. – Yen Nee Lee

    Read CNBC’s coverage from CNBC’s Asia-Pacific and Europe teams overnight here: Russia reports spike in cases. ; Hungary imposes national lockdown

    Read More