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- Global cases: At least 101,587, according to data compiled by Johns Hopkins University.
- Global deaths: At least 3,460, according to data compiled by Johns Hopkins University.
- US cases: At least 245, according to data compiled by Johns Hopkins University.
- US deaths: At least 14, according to the CDC and state health officials.
Houston Rockets owner Tilman Fertitta and Florida Panthers owner Vincent Viola both told CNBC that they do not want their teams to play games without fans in attendance.
"I don't think you ever want to play games in front of no audiences," Fertitta said, adding he would instead prefer to suspend play for a week. "But you don't want to play games with no fans."
Viola said he did not foresee the NHL putting the season on a temporary delay, but he stressed the league and its leadership would not compromise the safety of its fans. —Young, Stankiewicz
McDonald's has canceled its in-person biennial convention for worldwide franchisees due to the coronavirus outbreak. The four-day event, scheduled for April, was supposed to take place in Orlando, Florida.
CFO Kevin Ozan told analysts on the earnings call in January that the convention typically costs between $25 million to $30 million. It is unclear how much McDonald's might save by canceling the in-person convention. —Lucas
Vice President Mike Pence on Friday said 21 people on the Grand Princess cruise ship off California tested positive for coronavirus. There are more than 3,500 people aboard the ship.
Of the 21 positive tests, 19 are crew members and two are passengers, Pence said, adding that the ship will be brought to a non-commercial port and every person tested. "Those who need to be quarantined will be quarantined," Pence said. —Feuer
Tilman Fertitta, chairman and CEO of Landry's, said urban areas and popular tourist locations were particularly affected by the sales drop, and the decline is likely linked to business conferences being canceled across the country. Fertitta's restaurant brands include Bubba Gump Shrimp Co. and Morton's The Steakhouse.
Fertitta said the coronavirus presents business managers with a challenge but said revenue declines of about 8% to 12% are manageable. "You don't want to go 20% off. When you get to 20% off in a same-store sales, no matter what business you're in, that's when you start getting into trouble," Fertitta said. —Stankiewicz
5:10 pm: New York state coronavirus cases quadruple to 44, thousands under 'precautionary quarantine'
The number of coronavirus cases in New York state has quadrupled over the last 48 hours to 44, Gov. Andrew Cuomo announced Friday. "The number will continue to go up because it's mathematics," Cuomo said at a news briefing. "The more you test, the more you will find." Cuomo used Twitter to revise the state's case count from 33 released earlier Friday to 44.
The state reported 11 cases Wednesday evening, 22 on Thursday, 33 Friday afternoon and 44 Friday evening — a fourfold increase over the previous 48 hours. There are roughly 2,700 people in New York City under 'precautionary quarantine' with more than 1,000 others also in voluntary isolation across the state, Cuomo said. —Feuer
South by Southwest, the annual tech, film and music conference held in Austin, Texas, has been canceled due to concerns surrounding the COVID-19 coronavirus outbreak.
Local government officials announced the update at a press conference Friday afternoon discussing the status of the outbreak and events in the city. Austin's Mayor Steve Adler said he had declared a local disaster in the city and issued an order canceling the conference.
In a statement on its website, SXSW said it would "faithfully follow the City's directions."
"We are devastated to share this news with you," organizers wrote in a statement on the SXSW website. — Graham
Tesla CEO Elon Musk said Friday that people are overreacting about the deadly COVID-19, while health officials across the world prepare for a possible pandemic. "The coronavirus panic is dumb," Musk said on Twitter to his more than 31 million followers. Musk does not have a background in medicine or virology. Musk's comment comes as the novel coronavirus spreads rapidly across northern California, where the electric car maker is headquartered. A Tesla spokesman did not respond to a request for comment on the company's policies if an outbreak occurs. Meanwhile, west coast tech companies -- including Facebook, Amazon, Twitter, Google and Microsoft -- are telling employees to work from home to avoid spreading the virus. —Bursztynsky
Friday's declines came as the benchmark 10-year Treasury yield tumbled below 0.7% for the first time ever. Investors continued to seek safer assets amid fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. —Li
Investors just witnessed the equity benchmark swinging up or down 2% for five days straight in the face of a coronavirus panic, and Wall Street strategists say get used to it.
In the index's history dating back to 1927, this is the first time the S&P 500 had a week of alternating gains and losses of more than 2% from Monday through Thursday, according to Bespoke Investment Group.
"The message to all investors is that they should expect this volatility to continue. This should be considered the new normal going forward," said Mike Loewengart, managing director of investment strategy at E-Trade. —Li
The update comes one day after Amazon told employees at its Seattle and Bellevue, Washington offices to work from home, and after the Santa Clara Public Health Department, where Apple is based, issued guidance for companies to make it easier to "work in ways that minimize close contact with large numbers of people." Apple stores in the area remain open.
Amazon is headquartered in Seattle and has offices in Bellevue, where it employs more than 2,000 people.
Earlier this week, Amazon confirmed that an employee who works in one of its Seattle offices tested positive for COVID-19. Apple has not yet reported any COVID-19 cases among its employees. —Palmer, Leswing
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries which have reported cases of the fast-spreading disease. According to the World Health Organization, the disease has been reported in some 90 countries, leading to about 3,400 deaths. —Reuters
Delivery drivers shouldn't be eating customers' fries, but as the number of virus cases rises in the U.S., restaurants are trying even harder to make sure that doesn't happen. CapitalSpring, a restaurant investment firm with about 4,000 locations nationwide in its portfolio, is deploying tamper-proof packaging for food delivery orders for its restaurants.
Nationwide, restaurants are responding to the outbreak. McDonald's, Dunkin' and Starbucks are among the chains stepping up their in-store cleanliness efforts and creating crisis teams. In a time when labor costs have put pressure on profit margins, restaurants are adding more staff or extending hours to ensure that employees can keep up with increased cleaning efforts.
February same-store sales, which grew by 0.3% nationally, did not show a hit from the virus, but consumer fears could mean lower restaurant traffic in March, according to industry tracker Black Box Intelligence. —Lucas
Organizers of the Seattle-based Emerald City Comic Con announced they are pushing the event from its March 12 start to summer 2020 due to the coronavirus outbreak in Washington state.
"Our hearts go out to the entire Seattle community, everyone impacted by the COVID-19 virus, and all of you, the nearly 100,000 amazing human beings who look forward to this event each year," Reedpop, an offshoot of event organizer Reed Exhibitions, wrote in a statement Friday. "Our team was incredibly excited to see you at Emerald City Comic Con next week, however, fans, artists, exhibitors and the rest of the community are what make Reedpop events so special and it is our duty to make sure that your safety comes first." —Whitten
Deutsche Lufthansa will slash up to half the flights across its stable of airlines from April as passengers balk at flying for fear of contracting the coronavirus, the company said on Friday.
"In recent days, the Lufthansa Group has been exposed to drastic declines in bookings and numerous flight cancellations due to the spread of the COVID-19 virus. All traffic areas are now affected," it said in a statement.
The company, which includes Swiss International Air Lines and Austrian Airlines, also said it was considering temporarily grounding its entire fleet of 14 Airbus A380 superjumbos in Frankfurt and Munich. —Reuters
France has 613 confirmed cases of coronavirus, the head of the public health service, Jerome Salomon, said on Friday, which is an increase of 190 compared to a day earlier. During a press briefing, he added the death toll from the disease was still at nine and that 39 persons were in intensive care. —Reuters
Correction: Confirmed cases of COVID-19 in France rose by 190 to 613. An earlier version of this headline misstated the increase.
Hundreds of Wall Street traders are changing their commutes. Starting Monday, Citigroup is sending traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey in contingency plans tied to the coronavirus, according to a person with knowledge of the situation. JPMorgan Chase told traders yesterday that some of them can expect to work from locations in New Jersey and Brooklyn, while Morgan Stanley has begun to send some employees to its Purchase, New York office, according to people with knowledge of the plans.
As of Friday, there are 33 confirmed cases of COVID-19 in New York state, with several thousand people under precautionary quarantine. New York City Mayor Bill de Blasio on Thursday confirmed four cases in the city and warned against community spread. —Son
General Motors is tightening its travel protocols for employees amid the COVID-19 outbreak. Domestic and international travel for GM employees effective Friday "requires senior leader approval," a company spokesman told CNBC. The Detroit automaker previously required such approval for international travel. A travel ban for GM employees remains in effect for China, South Korea, Italy and Japan, according to the company. —Wayland
New York Gov. Cuomo criticized the federal government's response to the COVID-19 outbreak, calling it "absurd and nonsensical."
Officials at the Centers for Disease Control and Prevention were slow to initially test people for the virus, he said, before — "in a tardy fashion" — changing the policy to allow states to test. The Trump administration's management of the outbreak isn't just "bad government and poor planning," Cuomo said at a press conference, but will also "increase the fear."
Local and state officials across the country have criticized the CDC's testing criteria, scarcity of tests and poor communication. —Feuer
The Texas Department of State Health Services is reporting four additional travel-related cases of COVID-19, bringing the state total to five. Harris County Public Health and the Houston Health Department announced four cases on Thursday, March 5 in residents of Harris County who had recently traveled abroad. The first Texas case was announced by Fort Bend County Health and Human Services on March 4. These cases are among a group that traveled overseas together and were being monitored by public health because of a possible exposure to COVID-19. Travel-related cases in Texas don't indicate spread within the state, Texas Department of State Health Services said. The immed