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April 4, 2020
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Infectious diseases

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US cases continue to rise faster than other countries

CNBC
CNBC – For more and to sign up click here 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: At least 1,134,418. Global deaths:......
Reuters - Business

U.S. dairy farmers dump milk as pandemic upends food markets

Reuters
CHICAGO (Reuters) – Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening. FILE PHOTO: The milking parlor at the Eble family’s Golden E Dairy farm near West Bend, Wisconsin, U.S., April 1, 2020. Mark Hoffman/Milwaukee Journal Sentinel/USA TODAY via REUTERS “We need you......
Reuters - Business

How the coronavirus job cuts played out by sector and demographics

Reuters
(Reuters) – The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated. Colorized scanning electron micrograph of an......
Reuters - Business

Trump invokes Defense Production Act to stop export of masks

Reuters
U.S. President Donald Trump speaks during a roundtable with energy sector CEOs in the Cabinet Room of the White House in Washington, U.S., April 3, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – U.S. President Donald Trump on Friday signed an order directing his administration to stop N-95 face masks and other......
Reuters - Business

U.S. businesses swarm coronavirus bailout fund after days of confusion

Reuters
(Reuters) – Like many small business owners, New York City restaurateur Dan Kluger spent his Friday scrambling to apply for a loan under the U.S. government’s $349 billion small business bailout fund, which officially launched in the morning. FILE PHOTO: Treasury Secretary Steven Mnuchin discusses details for economic relief during......
Reuters - Business

Fed Chair Powell spoke with Trump as central bank geared up for virus response

Reuters
FILE PHOTO: U.S. President Donald Trump gestures with Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria (Reuters) – Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in......
CNBC Business

A Google site shows social distancing levels

CNBC
CNBC – For more and to sign up click here 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 1,026,900 Global deaths:......
Reuters - Business

Coronavirus brings record U.S. job growth to an end in March

Reuters
FILE PHOTO: People walk on a temporarily closed section of the Grand Concourse during the outbreak of the coronavirus disease (COVID-19) in the Bronx borough of New York City, New York, U.S., April 2, 2020. REUTERS/Brendan Mcdermid WASHINGTON (Reuters) – The U.S. economy shed jobs in March, abruptly ending a......
Reuters - Business

UK facing Depression-style hit as firms slump in March

Reuters
LONDON (Reuters) – Britain’s economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March. FILE PHOTO: People shop in Cambridge Market......
Reuters - Business

Sportswear maker Puma proposes suspending dividend due to virus

Reuters
FILE PHOTO: The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger BERLIN (Reuters) – German sportswear maker Puma (PUMG.DE) proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus......
Reuters - Business

Google releases location data to show if coronavirus lockdowns working in 131 countries

Reuters
OAKLAND, California (Reuters) – Alphabet Inc’s Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein the spread of the novel coronavirus. FILE PHOTO: The logo of Google is seen in Davos, Switzerland......
Reuters - Business

British supermarket Sainsbury’s to remove most customer purchasing limits

Reuters
FILE PHOTO: People follow social distancing rules as they are seen queueing outside a Sainsbury’s store in Royal Wharf as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 31, 2020. REUTERS/Steven Watt LONDON (Reuters) – British supermarket group Sainsbury’s (SBRY.L) said on Friday it would start......
Reuters - Business

Trump says 3M ‘will have a big price to pay’ over face masks

Reuters
U.S. President Donald Trump listens during the daily coronavirus response briefing at the White House in Washington, U.S., April 2, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – U.S. President Donald Trump slammed 3M Co (MMM.N) in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act......
Reuters - Business

Boeing to temporarily suspend Philadelphia area operations amid coronavirus outbreak

Reuters
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid (Reuters) – Boeing Co (BA.N) said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic,......
Reuters - Business

Bed Bath sues 1-800-Flowers for trying to renege on deal over COVID-19

Reuters
WILMINGTON, Del (Reuters) – Bed Bath & Beyond Inc (BBBY.O) has asked a judge to hold 1-800-Flowers.Com Inc (FLWS.O) to a $252 million deal between the companies in what appears to one of the first examples of a corporate sale coming unraveled due to the coronavirus pandemic. FILE PHOTO: The......
CNBC Business

Global cases top 1 million, Manhattan real estate grinds to a halt

CNBC
CNBC – For more and to sign up click here 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 998,047 Global deaths:......
Reuters - Business

BA suspends more than 30,000 staff, owner scraps dividend

Reuters
LONDON (Reuters) – British Airways (ICAG.L) said on Thursday it has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one of the airline industry’s most dramatic moves yet to survive the coronavirus pandemic. With global travel in turmoil as the virus......
Reuters - Business

Thousands of U.S. banks may sit out small-business rescue plan on liability worries: sources

Reuters
WASHINGTON (Reuters) – Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct knowledge of industry discussions told Reuters. FILE......
Reuters - Business

German carmakers had crisis call with Merkel: Handelsblatt

Reuters
HAMBURG (Reuters) – The bosses of Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany’s Handelsblatt newspaper reported on Thursday. FILE PHOTO: German Chancellor Angela Merkel gives a media statement on the spread......
Reuters - Business

Southwest Airlines to seek aid from U.S. Treasury as demand craters

Reuters
FILE PHOTO: A Southwest Airlines jet taxis on the runway at Washington National Airport in Washington, U.S., August 9, 2017. REUTERS/Joshua Roberts (Reuters) – Southwest Airlines Co (LUV.N) said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the......

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