More than 5.2 million people in the world have contracted the coronavirus, which has spread to at least 188 countries and regions world-wide. The global death toll currently stands at 337,572, according to data compiled by Johns Hopkins University.
Brazil on Saturday briefly had the second-highest number of reported cases in the world — after the United States — until Russia gave updated numbers that put its total back above Brazil's. Latin America's most populous nation now has more than 330,000 cases and more than 21,000 reported deaths, data compiled by Johns Hopkins showed.
Dr. Anthony Fauci, in a CNBC interview Friday, said now is the time to reopen the economy, but states should still take "very significant precautions" with social distancing. States continue to chart a path forward, reopening nonessential businesses and easing restrictions on movement. Even the hardest-hit states in the country, New York and New Jersey, are reopening beaches for Memorial Day weekend.
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- Global cases: More than 5.2 million
- Global deaths: At least 338,232
- Countries with the most cases: United States (more than 1.6 million), Russia (335,882), Brazil (330,890), United Kingdom (255,544), Spain (234,824)
The data above was compiled by Johns Hopkins University.
11:50 am (London time) — Gao Fu, the director of China's disease control and prevention center, has said it is "very normal" that there was criticism of the country's handling of the coronavirus outbreak, according to reports.
Speaking to reporters on the sidelines of China's annual meeting of parliament, Reuters cited Fu as saying he accepted the criticism, whilst also defending Beijing's response.
"With such a large epidemic in China and the world, it is very normal to receive criticism from the public," he said, Reuters reported. "We accept them with humility."
Beijing has been accused by a number of countries of not reporting the emergence of the coronavirus quickly enough. The Covid-19 outbreak began in China in late 2019.
However, although Gao said that China's disease control and prevention center should improve the way it reports outbreaks, he stressed that the country's response was "good" compared with some other nation's. — Katrina Bishop
4:04 pm (Singapore time) — Russia's total number of novel coronavirus cases climbed to 335,882, Reuters said on Saturday, as the country documented 9,434 new cases of infection.
Russia's health authorities reported 139 new deaths. The total number of dead in Russia has reached 3,388, Reuters reported. —Ted Kemp
2:15 pm (Singapore time) – U.S. airlines, such as Delta Air Lines and United Airlines, want to resume passenger flight services to China, but Beijing is making it impossible for them to do so, according to Reuters. That's despite the fact that Chinese airlines are still flying to the U.S. during the coronavirus outbreak, the report said.
In a statement seen by Reuters, the U.S. Transportation Department said it "protested this situation to the Chinese authorities, repeatedly objecting to China's failure to let U.S. carriers fully exercise their rights and to the denial to U.S. carriers of their right to compete on a fair and equal basis with Chinese carriers."
It reportedly called the situation "critical." —Joanna Tan
10:55 am (Singapore time) – U.S. car rental giant Hertz filed for bankruptcy protection late Friday, after days of seeking to negotiate its massive debt with creditors. The coronavirus pandemic has dried up demand for car rentals, dealing a serious blow to the company and prompting Hertz to lay off at least 10,000 staff across North America.
"The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company's revenue and future bookings," Hertz said in a statement. The company quickly took action to place the health and safety of its staff, and eliminated non-essential expenditure to preserve liquidity, it said.
"However, uncertainty remains as to when revenue will return and when the used-car market will fully re-open for sales, which necessitated today's action." —Joanna Tan
8:23 am (Singapore time) – Brazil now has the second-highest number of reported cases in the world after overtaking Russia, according to data compiled by Johns Hopkins University. The U.S. remains the country with the most number of reported cases.
Brazil saw a spike in the number of cases this week. The South American country now has 330,890 confirmed cases and 21,048 fatalities, Hopkins data shows. The World Health Organization warned that South America has become a new epicenter for the global pandemic. —Joanna Tan
7:25 am (Singapore time) – Basketball legend Patrick Ewing has been hospitalized after being diagnosed with Covid-19, a statement from Georgetown Athletics said. The Hall of Fame basketball player, who is currently head coach at Georgetown University, is being isolated at a local hospital, the statement said.
"I want to share that I have tested positive for COVID-19. The virus is serious and should not be taken lightly," Ewing said. "Now more than ever, I want to thank the healthcare workers and everyone on the front lines. I'll be fine and we will all get through this." —Joanna Tan
3:43 pm ET — Both Alabama and Texas lifted major restrictions on recreational opportunities ahead of Memorial Day weekend. Alabama reopened entertainment venues like theaters, bowling alleys and arcades. Texas allowed rodeos, bowling alleys, bingo halls, skating rinks, aquariums and other spaces to reopen. Bars in the state were allowed to reopen at 25% capacity as well. For more on states' reopening progress, click here. —Hannah Miller
3:37 pm ET — President Trump demanded that governors reopen churches, synagogues and mosques "right now," and threatened to "override" state leaders' restrictions if they do not do so by the weekend.
Trump, in a surprise announcement from the White House briefing room, said it was an "injustice" that some state leaders have allowed "liquor stores and abortion clinics" to stay open amid the Covid-19 pandemic while closing houses of worship. The comments marked Trump's latest attempt to ramp up the political stakes surrounding the country's coronavirus recovery efforts.
"The governors need to do the right thing and allow these very important essential places of faith to open right now, for this weekend," Trump said. "If they don't do it, I will override the governors."
But it's far from clear if Trump has the authority to do so, as the White House has only released guidelines for states and regional leaders to follow as they combat the disease. —Kevin Breuninger
3:29 pm ET — San Francisco summer camps and programs can open June 15, Mayor London Breed announced. However, all public and private summer camps must have specific safety protocols in place, including capacity limitations, temperature screenings and enhanced sanitizing procedures.
"It won't be like the summer we're used to," Breed said at a press briefing.
Camps and programs must prioritize space for children whose parents work at businesses that are allowed to operate under the city's health order as well as those who are low-income. The camps are allowed to serve campers aged 6 to 17 from June 15 to August 17. —Hannah Miller
2:43 pm ET — Roughly 6 months after the coronavirus emerged in Wuhan, China, South America has become a new epicenter of the global pandemic, the World Health Organization said.
WHO officials noted that most cases in South America are being reported in Brazil, where urban areas like Rio de Janeiro and Sao Paulo have reported surges in cases. However, on a per capita basis, the virus is infecting more people in the rural Amazonas state, Mike Ryan, executive director of the WHO's emergencies program, said.
Dr. Maria Van Kerkhove, head of the WHO's emerging diseases and zoonosis unit, said the outbreak underscores the need to protect at-risk people who have underlying conditions and limited access to health care. —Will Feuer
2:39 pm ET — Georgia Gov. Brian Kemp released guidelines for restarting TV and film production within the state.
Georgia has become a hub for Hollywood, raking in about $3 billion in direct spending from film and TV production. The industry provided an additional $6.5 billion in economic impact to the local economy.
Georgia's best practices for a restart to film production require social distancing, frequent hand washing, temperature checks and testing, as well as limiting the number of people that need to be on set at one time. The full list of guidelines can be found on the Georgia Film website. —Sarah Whitten
2:31 pm ET — Organizers of the 2020 New York auto show canceled the event, previously set to be held in August at the Javits Convention Center in New York City. The convention center is being used as a temporary hospital as coronavirus patients crowd medical centers. The 2020 auto show had previously been postponed from April to August, but will now be canceled entirely. The next event is scheduled for April 2021. —Sara Salinas
2:17 pm ET — Hospital systems have been able to resume elective surgeries and other procedures, but challenges remain in helping patients feel comfortable enough to come back in. Medical facilities are implementing safety measures like scanning visitors' temperatures, distributing coronavirus symptom questionnaires and spacing out waiting room chairs under social-distancing guidelines, CNBC's Bertha Coombs reports. The new protocol is helpful in giving patients a sense of security that could prevent them from delaying vital medical care. —Hannah Miller
2:05 pm ET — A coronavirus vaccine candidate developed in China appeared to produce neutralizing antibodies in dozens of patients participating in an early-stage clinical trial, according to results published in The Lancet. Researchers believe that developing this type of antibodies could be an important step in acquiring immunity to the virus, CNBC's Berkeley Lovelace reports. However, the research team responsible for the study warned that the early results should be interpreted cautiously. —Hannah Miller
2:00 pm ET — Dr. Scott Gottlieb told CNBC he believes if Americans are careful this summer, "we can take a breather and get back to some semblance of normalcy."
Gottlieb did warn about complacency heading into the fall, though, "when the risk is going to be very different."
The former FDA chief said on "Squawk Box" that must still take precautions, including going to the store less, practicing good hygiene when out and reducing the size of one's social circle.
"Any place you're in an indoor setting and you're in contact with people for a sustained period of time, that is the conditions under which this spread," said Gottlieb, who is a CNBC contributor and sits on the boards of Pfizer and biotech company Illumina. —Kevin Stankiewicz
1:26 pm ET — With summer approaching, small businesses that rely on tourism are hoping Americans will still be willing to travel, despite the pandemic.
Even with low travel numbers expected for the Memorial Day holiday, hotels are still gearing up for the season with new policies that include enhanced disinfecting and requiring guests to wear masks, CNBC's Jessica Golden and Contessa Brewer report.
Travel companies like Airbnb and Reservations.com are also seeing changing travel trends that include increased interest in cabins and resorts that people can drive to. —Hannah Miller
1:18 pm ET — White House health advisor Dr. Anthony Fauci told CNBC's Meg Tirrell that states staying closed for too long due to the coronavirus could end up causing "irreparable damage."
He said the U.S. had to institute severe measures because Covid-19 cases were exploding. "But now is the time, depending upon where you are and what your situation is, to begin to seriously look at reopening the economy, reopening the country to try to get back to some degree of normal."
Fauci warned members of Congress last week that the U.S. could face even more "suffering and death" from the coronavirus if some states rush to reopen businesses too early. It could also hinder states "on the road to try to get back to an economic recovery," he testified at a hearing before the Senate Committee on Health, Education, Labor and Pensions on May 12. — Berkeley Lovelace Jr.
1:02 pm ET — New York Gov. Andrew Cuomo said there were 225 new Covid-19 cases on Thursday, based on a three-day rolling average, which is at a "level now that is lower than we first began."
While only a single daily figure, the number of new infections has been on a steady decline across the state, which at its peak reported more than 3,100 new cases daily. The state reported an additional 109 deaths on Thursday, which "has been stubborn on its way down," Cuomo said.
The state has started to implement its phased reopening plan in some regions that have met seven health metrics, such as declining hospitalizations and new cases, as well as sufficient hospital bed and testing capacity. He said the Long Island and the mid-Hudson regions could begin reopening next week if deaths continue to decrease and sufficient contact tracing is implemented. —Noah Higgins-Dunn
12:51 pm ET — Hospitalized Covid-19 patients who took hydroxychloroquine had a 34% higher risk of death than those who were not treated with it, according to a study published in The Lancet.
President Donald Trump has been taking the malaria drug daily despite warnings from the Food and Drug Administration.
CNBC's Berkeley Lovelace reports that the study looked at more than 96,000 patients at 671 hospitals around the world. It also found that patients treated with hydroxychloroquine had a 137% increased risk of developing serious heart arrhythmia. —Hannah Miller
12:33 pm ET – The Trump administration is starting to sound a lot more comfortable with pushing out another round of coronavirus relief money.
In the past two days, President Donald Trump and two of his economic advisors – Treasury Secretary Steven Mnuchin and Kevin Hassett – indicated they think another rescue bill is likely. Trump said the government could take "one more nice shot" at a stimulus.
As tens of millions of Americans lose their paychecks, both Democrats and the White House appear to support another round of direct payments. Other issues, including state and municipal aid, the extension of an enhanced unemployment benefit and liability protections for businesses, could prove more difficult to resolve if the major parties negotiate another bill.
Formal talks on fiscal relief between the administration and Congress are stalled. The House will convene for only part of next week, while the Senate will not return until June 1. —Jacob Pramuk
12:18 pm ET — A large number of homeowners who entered into mortgage forbearance programs didn't initially need bailouts, but now they do, according to data from Black Knight.
In April, nearly half of those in forbearance still made their monthly mortgage payments, but as of May 19, just 21% had paid, CNBC's Diana Olick reports.
These figures could lead to a sharp increase in the national delinquency rate in May. —Hannah Miller
12:06 pm ET — Medtronic CEO Geoff Martha said activity in the U.S. health-care sector is seeing a "snapback" as cities and states lift restrictions on nonessential health procedures.
"We're seeing definite signs of the recovery happen right now," Martha said on "Squawk Alley." "It's going to vary by location. It's going to vary by therapy."
Many hospitals around the country suspended elective procedures at the beginning of the pandemic to preserve space and personal protective equipment for the fight against Covid-19. The loss of revenue from those procedures has led many hospitals to lay off staff members.
Medtronic reported its most recent earnings on Thursday, showing a revenue decline of 26% year-over-year. —Jesse Pound
11:50 am ET —At least 80 million infants could be at risk of getting life-threatening diseases as the pandemic disrupts routine immunizations in countries around the world, according to data from global health experts.
Of the 129 countries reporting data to global health officials, 53% indicated that routine childhood immunization services were moderately to severely disrupted or were totally suspended from March to April.
Many countries have also suspended vaccination campaigns intended to prevent other diseases such as cholera, measles, meningitis, polio, tetanus, typhoid and yellow fever, due to risk of Covid-19 transmission, they said. Campaigns for polio and measles have been hit the hardest, with measles campaigns suspended in 27 countries and polio campaigns put on hold in 38 countries, according to the report. —Hannah Miller, Noah Higgins-Dunn