Saheli Roy Choudhury, Weizhen Tan, Holly Ellyatt
- Global cases: More than 856,900
- Global deaths: At least 42,081
- Top 5 countries: United States (187,919), Italy (105,792), Spain (95,923), China (82,278), and Germany (71,808)
All times below are in Beijing time.
4:08 pm: Italy’s manufacturing activity fell to a 131-month low in March
Italy saw the sharpest deterioration in operating conditions, IHS Markit said, with the manufacturing PMI
Elsewhere, France, Ireland and Spain all saw
3:15 pm: Forecast of 6% fall in Italy’s GDP in 2020 is ‘realistic,’ economy minister says
“Unfortunately the estimates are realistic
“The more rigorous and effective we
2:20 pm: Macao’s gaming revenue plunge 80% in March
It said that major operators Wynn Macau, Sands China, MGM China, Galaxy Entertainment were all losing between $1.5 million and $4 million a day to keep operations going. Last week, Macao banned visitors from mainland China, Hong Kong and Taiwan who have traveled overseas, following an earlier ban on foreign visitors. —
1:30 pm: China reports 36 new cases, 7 deaths
That brings China’s total to 81,554 confirmed cases and 3,312 deaths, the NHC said.
Starting Wednesday, the NHC will report data on asymptomatic cases under medical observation. There were 130 new asymptomatic cases as of March 31, with a total of 1,367 under this observation, according to the NHC. — Weizhen Tan, Christine Wang
12:20 pm: Investors can do some buying as
markets are ‘a lot cheaper,’ says billionaire investor Howard Marks
He urged investors to take a moderate approach in these uncertain times, adding that his approach “is not black or white, buy or sell.” “I never believe that I know when’s the bottom, but I know things have gotten a lot cheaper and it’s reasonable to do some buying. If it goes lower, do more buying,” Marks told CNBC’s Tanvir Gill. —
11:23 am: Nissan suspends production at
Kyushu plant after employee tests positive
11:05 am: A private survey shows China’s manufacturing activity expanded slightly in March
Analysts polled by Reuters had expected the Caixin/Markit PMI to come in at 45.5, compared with February’s sharpest contraction on record
11 am: Japanese
carmakers brace for US sales shock as coronavirus hits consumers
To reﬂect weaker U.S.
10:30 am: South Korea reports 101 new cases, three additional deaths
Three more people died from the virus; the total death toll in the country stands at 165. Though the infection rate in South Korea has relatively slowed down compared to what it was at its peak in late February, new reported daily cases are still hovering near or above 100.
9:36 am: HSBC, StanChart shares
fall in Hong Kong
HSBC’s board said it received “a written request not to pay, in HSBC’s case, the fourth interim dividend in respect of 2019.” It also decided that until the end of 2020, HSBC will “make no quarterly or interim dividend payments or accruals in respect of ordinary shares, or undertake any share
Standard Chartered also said it received the same request
9:15 am: Los Angeles encourages residents to report non-essential businesses violating stay-at-home orders
Washington state earlier released a web form on Monday to speed up the process of reporting businesses violating that state’s stay home order.
“You know the old expression about snitches, well, in this case, snitches get rewards. We want to thank you for turning folks in and making sure we are all safe,” Garcetti said. — Kif Leswing
8:50 am: Japan’s large manufacturers are pessimistic about business conditions
The closely-watched sentiment index among large manufacturers fell to negative 8 in the three months that ended on March 31 from zero in the October-December quarter; a negative reading implies most of them see business conditions to be unfavorable.
It underscored the challenges Prime Minister Shinzo Abe faces as he attempts to navigate Japan’s economy through the global impact of the
Tomohiro Ohsumi | Getty Images
7:46 am: Korean Air reportedly to suspend flights to Washington DC
The airline cited the
Korean Air has already suspended or reduced
7:39 am: Global
coronavirus death toll over 42,000
Most of the deaths occurred in Europe: 12,428 people have died in Italy, 8,464 in Spain and 3,523 in France. China has recorded 3,309 deaths to-date, though some have raised questions about the accuracy of the reported numbers there.
All times below are in Eastern time.
6:51 pm: Senators push Mnuchin to guarantee oversight of $500 billion bailout fund
The fund, which was established as part of a more than $2 trillion stimulus bill President Donald Trump signed into law last week, became a point of contention for Democrats who worried that earlier versions of the bill gave Mnuchin too much discretion over how the funds are dispersed. After tense negotiations, Republicans and Mnuchin agreed to add an inspector general to oversee that fund, as well as a congressional committee.
But Trump on Friday questioned the authority of the inspector general. According to a signing statement he released alongside the bill, he declared his belief that the inspector general needs his permission before letting Congress know whether Mnuchin or Treasury block efforts to glean information. — Lauren Hirsch
5:56 pm: White House predicts 100,000 to 240,000 will die in US from
“This is going to be a rough two-week period,” Trump said at a White House press conference. White House officials are projecting between 100,000 and 240,000 deaths in the U.S.
5:36 pm: CDC says diabetes, lung disease, heart disease and smoking may increase risk of severe
In its first report looking at underlying health conditions that could make COVID-19 worse, the CDC analyzed data from confirmed cases in all 50 states and four U.S.
Read CNBC’s coverage from the U.S.