The U.S. recorded more than 56,000 new cases of the coronavirus on Thursday, the highest single-day total in nearly eight weeks, according to a CNBC analysis of data compiled by Johns Hopkins University. The new infections bring the national seven-day average of new cases to levels not seen since mid-August. A handful of states have reported errors in data reporting in recent weeks, but even with the occasional downward corrections, new cases in the U.S. have still been rising for the past four days.
Here are some of the biggest developments Friday:
- Trump administration raises relief package plan to $1.8 trillion
- Shortage of teachers and Covid-19 create a perfect storm for the U.S. education system
- Broadway to remain closed through at least May 30
- Trump administration raises relief package plan to $1.8 trillion
- Trump returning to in-person appearances with events Saturday and Monday
The following data was compiled by Johns Hopkins University:
- Global cases: More than 36.5 million
- Global deaths: At least 1.06 million
- U.S. cases: More than 7.6 million
- U.S. deaths: At least 212,789
Trump returning to in-person appearances with events Saturday and Monday
President Donald Trump is back to holding in-person events Saturday, less than a week after he was hospitalized with the coronavirus.
The White House event features "remarks to peaceful protesters for law and order," ABC News reported, and Trump will speak from the balcony above the South Lawn.
The president's campaign later announced that Trump would head to Sanford, Florida, on Monday to deliver a speech at a campaign event. —Chris Eudaily
WHO warns coronavirus still 'has a lot of life left in it'
The World Health Organization said the coronavirus is not showing signs of slowing down after daily cases hit a new record across the globe.
Dr. Mike Ryan, executive director of the WHO's emergencies program, said the vast majority of people in the world are still susceptible to Covid-19, as worldwide cases balloon to more than 36.5 million and deaths exceed more than 1 million.
"This virus is clearly showing that it has a lot of life left in it," Ryan said during a press conference at the agency's Geneva headquarters, urging nations to be proactive.
The WHO reported 338,779 new global coronavirus cases on Thursday, a record one-day increase led by a surge of infections in Europe. Europe reported 96,996 new cases, the highest total for the region ever recorded by the WHO. —Berkeley Lovelace Jr.
U.S. official blasts Nevada for ending use of rapid tests in nursing homes
Adm. Brett Giroir, a top official from the Department of Health and Human Services, urged Nevada to reverse its decision to suspend the use of two rapid coronavirus tests in nursing homes, saying there is no "scientific reason" to justify its action.
Nevada ordered nursing facilities in the state to immediately suspend the use of two tests, manufactured by companies Quidel and Becton, Dickinson and Company, after state officials said the tests repeatedly delivered false positives.
On a call with reporters, Giroir said false positives are a "reality" of testing. He said the agency is prepared to take "swift action" if the decision is not reversed.
This is an "unwise, uninformed and unlawful" decision, Giroir said. "Nevada's letter unilaterally prohibiting these tests is in violation of HHS's PREP Act guidance. Under federal law, Nevada may not prohibit or effectively prohibit such testing." —Berkeley Lovelace Jr.
Microsoft gives employees option to work remotely 50% of the time after pandemic
All employees will be able to work from home for less than 50% of the work week. They will also be able to work remotely 100% of the time with their manager's approval. Beyond that, employees can request approval to move to a new location and work remotely, but their salary will be adjusted based on where they choose to live. —Steve Kovach
Broadway to remain closed through at least May 30
Broadway will remain closed through May 30, the Broadway League, a trade organization representing producers and theater owners, announced.
"With nearly 97,000 workers who rely on Broadway for their livelihood and an annual economic impact of $14.8 billion to the city, our membership is committed to re-opening as soon as conditions permit us to do so," said Charlotte St. Martin, president of the Broadway League.
People holding tickets through that date are advised to contact their point of purchase for refunds or exchanges. Broadway has been closed since March 12, and it's unclear when theaters will resume operations. —Sarah Whitten
Trump says he supports bigger stimulus than either party is offering
President Donald Trump threw his support behind a big stimulus package, saying he'd like to see more than what's on the table now – from either side.
"I'd like to see it happen. A lot of people are hurting because of China. It wasn't these people's faults. I would like to see a bigger stimulus package frankly than either the Democrats or Republicans are offering," Trump told radio talk host Rush Limbaugh during a lengthy interview Friday afternoon.
"It was not their fault that China sent in the plague. It's not their fault, and China's going to pay a big price," he added. Trump did not specify the dollar level he'd like to see. –Jeff Cox
Trump administration raises relief package plan to $1.8 trillion
The White House plans to increase its coronavirus relief offer to $1.8 trillion as it scrambles to craft a relief deal with Democrats.
The sides have struggled to find a compromise between the Trump administration's last $1.6 trillion proposal and the $2.2 trillion bill House Democrats passed earlier this month. Outstanding disputes include state and local government relief, unemployment insurance, tax credits and liability protections for businesses and schools.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin plan to meet again Friday to try to reach a deal. Even if they can come to an agreement, they will face a challenge in getting legislation through the Republican-held Senate.
Congress has failed to pass a fifth relief package and reduce pressure on an economy and health-care system ravaged by the pandemic. Concerns have grown about the recovery slowing and pain for businesses and unemployment Americans sharpening. —Jacob Pramuk
New York Islanders installing virus-killing air systems in new UBS Arena
The New York Islanders hockey team is hoping new air filtration technology will zap airborne viruses inside the new $1.5 billion UBS Arena in Elmont, New York, which opens in November 2021, CNBC's Jabari Young reports.
Oak View Group, an arena development firm, is spending $2 million on virus-killing technology that will clean the air throughout UBS Arena.
The tech circulates air and kills viruses with high-intensity ultraviolet lighting, cleaning the air before its pumped back into breathing spaces. Similar systems are used in smaller spaces such as hospitals and locker rooms throughout the National Football League. —Terri Cullen
Mortgage bailouts fall below 3 million for the first time since April
The number of mortgages in pandemic-related bailouts fell sharply over the past week as the first wave of forbearance plans hit the end of their six-month term, CNBC's Diana Olick reports.
Active forbearances — where borrowers put off paying their monthly payments for at least three months — dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm. The steep decline brought the number of forbearance plans below 3 million for the first time since April.
As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages. —Terri Cullen
Shortage of teachers and Covid-19 create a perfect storm for the U.S. education system
The coronavirus pandemic combined with an ongoing nationwide shortage of qualified educators has created a perfect storm in the U.S. education system that may worsen in the months to come, CNBC's Kate Rogers reports.
As of September, public K-12 education employment is more than half a million jobs below its year-ago levels, and 890,000 below where it would have to be to keep up with growth in student enrollment since 2008, The Economic Policy Institute reports.
Educators, as well as counselors, teaching assistants, roles in special education, food service, janitors and more, are being forced to make tough decisions about their own health and safety, and that of their family members, simply by going to work. Fear of contracting the virus is driving many to retire early, exacerbating the shortage. —Terri Cullen
NFL games to continue despite Covid-19 outbreak
Following a series of Covid-19 outbreaks that began with the Tennessee Titans, the National Football League is cracking down on violations of its virus safety protocols. The league is threatening fines and lost draft picks if violations continue to occur, CNBC's Jabari Young reports.
The protocols are necessary to protect the league's bottom line — if the season is ended due to the virus, players could lose roughly $3 billion in salary.
Following a conference call with players on Wednesday, sources told CNBC some NFL Players Association members took accountability for the violations as players look to better police themselves. —Terri Cullen
U.S. stocks rise for a third day on stimulus hopes
U.S. stocks opened higher as investors await clarity surrounding a new potential stimulus bill, reports CNBC's Fred Imbert.
The Dow Jones Industrial Average rose 120 points. The S&P 500 and Nasdaq Composite gained 0.53% and 0.51%, respectively. —Melodie Warner
Russia, Ukraine and Poland report record daily spike in cases
Russia, Ukraine and Poland all reported a record rise in the number of daily Covid-19 cases over the past 24 hours, as countries across Europe struggle to curb the resurgent spread of the virus.
Russia reported an additional 12,126 Covid-19 infections on Friday, an all-time record increase of daily cases, with 201 related deaths.
Ukraine registered 5,804 further daily coronavirus cases, with 89 fatalities in the last 24 hours. It was the third consecutive day the eastern European country had climbed to a record level, Reuters reported.
Meanwhile, Poland reported a record daily rise of 4,739 additional Covid-19 cases over the last 24 hours. —Sam Meredith
Trump eyes a return to rallies Saturday after doctor says therapy is completed
President Donald Trump, who has been recovering at the White House from a case of coronavirus, told Fox News host Sean Hannity that he may return to the campaign trail with a rally on Saturday, Reuters reported.
"Really good," Trump responded when asked how he was feeling. "I think I'm going to try doing a rally on Saturday night ... if we have enough time to put it together."
Dr. Sean Conley, the White House physician, said Trump completed his course of therapy for the disease and could resume public engagements on Saturday, according to Reuters.
The president, who sounded hoarse during the interview, said he was hoping to do rallies in Florida on Saturday and Pennsylvania on Sunday, the news outlet reported. —Terri Cullen
Gilead will have enough global supply of remdesivir, says CEO
O'Day also touted the peer-reviewed results of a study looking at the antiviral's effect on hospitalized Covid-19 patients, which showed improved recovery times by five days on average. Additionally, remdesivir was shown to have a significant reduction in death among patients who were in early stages of receiving supplemental oxygen.
"These results are meaningful. They'll definitely help patients around the world who have the misfortune of entering into the hospital to get better, and I'm really pleased to say that we have ample supply," O'Day said on "Squawk Box."
Remdesivir, as an antiviral, attempts to reduce the virus from replicating in one's body. That is why the benefits of receiving the drug were most pronounced in patients who were early in their hospital stay, O'Day said.
"The earlier you treat, the better in the hospital and you can prevent people from ever even going onto those stages of the disease where the risk of dying is very high," he said. —Kevin Stankiewicz
Vanderbilt Chancellor: Education gap is "a profound tragedy with long-term consequences"
Halfway through the fall semester, some schools that initially reopened are closed and other schools that were closed have reopened for in-person learning.
Months into the pandemic, experts say the students that can learn in person are at an advantage.
At the college level, undergraduates are voicing extreme dissatisfaction with remote learning, particularly at the same high cost they were previously paying for an in-person education.
Vanderbilt University, in Nashville, Tenn., was among the colleges sued by students after failing to refund a portion of tuition and fees from the spring semester. The university decided to reopen in the fall and, by most measures, the move was a success.
Vanderbilt Chancellor Daniel Diermeier predicts more colleges and universities will move toward reopening in-person in the spring.
Distance learning is imposing a significant cost on a generation of students, he said. "This a profound tragedy with long-term consequences." — Jessica Dickler