All finance news

Coronavirus live updates: Trump retweets #FireFauci, China defends WHO

0 2

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 1,859,011
  • Global deaths: At least 114,979
  • US cases: More than 557,590
  • US deaths: At least 22,109

The data above was compiled by Johns Hopkins University.

9:23 am: 'Banks are playing' games on loans, leaving small businesses 'out in the cold,' Mark Cuban says

Billionaire entrepreneur Mark Cuban said the recently launched small business loan program has been beset by challenges that could impact the long-term outlook for companies.

"Banks are playing themselves. They're being banks and they're trying to determine if the credits are good and that's leading to a lot of small businesses that are left out in the cold," Cuban said on "Squawk Box." "We are at an inflection point" to get money into the system for businesses of all sizes, he said.

Cuban said some banks have questioned a company's gross margin and were therefore uncertain about making loans.

Cuban said banks have "implemented all these hurdles" that were not supposed to be a part of the program, which was established by the government's $2 trillion coronavirus relief package that was passed in late March. 

"Until we get through that friction, there's going to be a lot of issues and there's going to be a lot of people laid off and a lot of companies that go out of business," he added.¬†‚ÄĒKevin Stankiewicz

9:12 am: New York, New Jersey, and Massachusetts lead US in number of reported cases

9:04 am: Trump retweets #FireFauci after scientist comments

U.S. President Donald Trump speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Friday, April 10, 2020.Kevin Dietsch | Bloomberg | Getty Images

U.S. President Donald Trump retweeted a call to fire Dr. Anthony Fauci after the nation's top expert on infectious diseases said lives could have been saved if the country had shut down sooner during the novel coronavirus outbreak.

Trump retweeted a message Sunday from a former Republican congressional candidate who cited Fauci's comments during a television interview on Sunday and tweeted "time to #FireFauci."

The Republican president in the past has repeated critical tweets of officials or enemies rather than make the criticism himself. The retweet fueled speculation Trump was running out of patience with the popular scientist and could conceivably fire him. The White House did not immediately return a request for comment on whether Trump is unhappy with Fauci.

Fauci was asked on CNN's "State of the Union" about a New York Times report documenting early warnings issued to the White House about the novel coronavirus. The scientist acknowledged shutting the country down sooner could have saved lives, but cautioned that a number of factors were involved.

"Obviously, it would have been nice if we had a better head start, but I don't think you could say that we are where we are right now because of one factor," Fauci said. "It's very complicated."¬†‚ÄĒReuters

8:42 am: Pace of reported coronavirus cases 

7:01 am: China defends the WHO after Trump, and others, say it is deferring to Beijing

VIDEO5:4705:47WHO warns against politicizing coronavirus following Trump's attackCoronavirus

The World Health Organization has come under intense scrutiny for its handling of the coronavirus pandemic with President Donald Trump's administration, China and Taiwan locked in a tussle of words.

Last week, Trump blamed the WHO for getting "every aspect" of the coronavirus pandemic wrong and threatened to withhold funding from the international organization. He also said on Twitter that the WHO is "China centric" even though the organization is largely funded by the U.S.

The latter comment echoes many of the top critiques of the WHO, such as too readily trusting information reported by China. 

Chinese foreign ministry spokesman Zhao Lijian defended the WHO, saying¬†it has been "actively performing its duties and upholding an objective, science-based¬†and impartial position."‚ÄĒHuileng Tan

6:11 am: Spain reports 3,477 new cases, 517 new deaths

Mortuary employees wearing face masks transport a coffin of a COVID-19 coronavirus victim at La Almudena cemetery on April 04, 2020 in Madrid, Spain.Carlos Alvarez | Getty Images

Spain has reported 3,477 new coronavirus cases and a daily rise of 517 deaths, bringing the total number of fatalities to 17,489, the country's health ministry said. The number of daily deaths has fallen; the death toll the previous day was 619.

The total number of confirmed cases in Spain has now reached 169,496 (including deaths and recoveries). Spain has started to lift certain restrictions, reopening some construction sites and factories.¬†‚ÄĒHolly Ellyatt

5:38 am: Spain lifts some lockdown measures; Italy records lowest daily deaths since March

Construction and factory workers in Spain are returning to work as the government lifts some of the most stringent lockdown measures, but opposition parties are cautioning against an "imprudent" relaxation of the rules.

Spain, one of the worst-hit nations by Covid-19, has allowed some factories to reopen as well as some construction work to restart, after the sectors were ordered to stop production two weeks ago. However, the message from government officials is that the country remains in lockdown mode. Schools, bars, restaurants, and other services continue to be closed to the public and Spaniards are supposed to stay home.¬†‚ÄĒSilvia Amaro

5:10 am: Indonesia reports 316 new cases and 26 more deaths

An Indonesian woman walks past a mural that invite people to fight against the COVID-19 coronavirus in Surabaya, East Java on March 26, 2020.Juni Kriswanto | AFP | Getty Images

Indonesia announced 316 new cases, bringing the tally of infections in the country to 4,557. That's according to data provided by a health ministry official, Achmad Yurianto.

Twenty-six new coronavirus-related deaths were reported Monday, taking the total number to 399.¬†‚ÄĒHolly Ellyatt

4:35 am: Russia reports record daily rise in new cases

Russia reported 2,558 new infections, a record daily rise that brings the total number of infections to 18,328, the country's coronavirus response center said. Russia has reported 148 deaths from the virus. It says it has conducted 1.3 million tests. ‚ÄĒHolly Ellyatt

Read CNBC's coverage from CNBC's Asia-Pacific and Europe teams overnight here: Russia reports record daily rise in new cases; Spain lifts some restrictions.


Leave A Reply

Your email address will not be published.

two − one =