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Florida cases increase, Apple shuts stores outside China

Via CNBC This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 147,000, according to data from Johns Hopkins University Global deaths: At least 5,539, according to data...

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Apple to close all stores outside of China until March 27

Via CNBC Tim Cook, chief executive officer of Apple, at the 2019 DreamForce conference in San Francisco, California, U.S., on Nov. 19, 2019. David Paul Morris | Bloomberg | Getty Images Apple said it will close all of its stores outside of Greater China until March 27 to reduce the risk of the coronavirus spreading....

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House passes relief bill reached by Pelosi and White House

Via CNBC The House passed a coronavirus relief plan early Saturday after hours of talks between Democrats and the Trump administration on how to blunt the economic damage of the global pandemic. The chamber approved the 110-page bill to provide relief to consumers and workers walloped by the outbreak less than an hour after text...

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WHO says ‘more needs to be done’ to stem coronavirus outbreak in Iran as cases exceed 10,000

Via CNBC Members of the medical team spray disinfectant to sanitize outdoor place of Imam Reza’s holy shrine, following the coronavirus outbreak, in Mashhad, Iran February 27, 2020. Reuters Public health efforts to control the COVID-19 outbreak in Iran are “evolving in the right direction,” but “more needs to be done” to stop the spread...

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Trump will declare national emergency over coronavirus pandemic

Via CNBC President Donald Trump (R) delivers remarks with Vice President Mike Pence in the Rose Garden at the White House August 29, 2019 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump plans to declare a national emergency over the coronavirus pandemic, administration officials told NBC News. The declaration would free up as...

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Europe is now the ‘epicenter’

Via CNBC 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 135,000, according to data compiled by Johns Hopkins University. Global deaths: At least 4,977, according to data compiled...

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Africa’s largest economy braces for big hit as oil prices plummet

Via CNBC The Egina floating production storage and offloading vessel, the largest of its kind in Nigeria, is berthed in Lagos harbor on February 23, 2017. Stefan Heunis | AFP | Getty Images With oil prices plunging amid concerns over a price war between Russia and Saudi Arabia, and the coronavirus outbreak obliterating stock markets,...

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France shuts schools to avoid being the next Italy

Via CNBC This photograph taken on March 12, 2020, shows a screen broadcasting the declaration of France’s President Emmanuel Macron, made from The Elysee Palace in Paris, about the situation of the COVID-19 outbreak. LUDOVIC MARIN French President Emmanuel Macron has asked global leaders to act together to combat the coronavirus, as the country strives...

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Trump claims ‘very large scale’ testing

Via CNBC This is a live blog. Please check back for updates. Global cases: At least 125,288, according to the latest figures from the World Health Organization Global deaths: At least 4,614, according to the latest figures from the WHO US cases: At least 1,663, according to data compiled by Johns Hopkins University. All times below are...

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Japan stocks drop almost 8% as Asia Pacific markets sell off

Via CNBC Stocks in Asia Pacific saw heavy losses in Friday morning trade after shares of Wall Street saw a historic drop overnight, as fears over the global coronavirus outbreak continued to weigh on investor sentiment. In Japan, the Nikkei 225 was among the biggest losers among the region’s major markets as it dropped 7.97% in...

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The credit markets are signaling a problem is afoot

Via CNBC Traders signal offers in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange (CBOE). Scott Olson While much of the attention in the bond market has focused on the Treasury side, corporate fixed income has been in its own state of turmoil. Interest rates on the lowest-rated...

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Trump’s European travel limits could push airlines under

Via CNBC An aircraft operated by British low cost airline Easyjet moves past other aircrafts as a rainbow is seen at Amsterdam Airport Schiphol on March 9, 2020 in Schiphol, Netherlands. Yuriko Nakao | Getty Images President Donald Trump‘s surprise announcement to ban visitors from most of Europe amid the coronavirus pandemic is going to...

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Europe markets plunge after Trump restricts European travel to US

Via CNBC European markets posted their worst one-day drop in history on Thursday, as investors reacted to President Donald Trump‘s decision to impose restrictions on travel to the U.S. from Europe, and the European Central Bank’s decision not to cut interest rates. The pan-European Stoxx 600 had plummeted 11% by the close, with travel and leisure...

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Italy shops, bars and restaurants ordered to close

Via CNBC Linda who is a beautician closes the shutter of her beauty center, which has been closed by new government regulations on March 11, 2020 in Rome, Italy. Marco Di Lauro Italy has tightened its nationwide lockdown further in response to the rising death toll from coronavirus, ordering all non-essential shops and services to...

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Viking cancels cruises, Spain’s La Liga suspended

Via CNBC 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 127,749, according to data compiled by Johns Hopkins University. Global deaths: At least 4,717, according to data compiled...

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The losers of the price war between Saudi Arabia and Russia

Via CNBC Russian Energy Minister Alexander Novak and Saudi Energy Minister Abdulaziz Bin Salman sign documents during a ceremony following a meeting of Russian President Vladimir Putin with Saudi Arabia’s King Salman in Riyadh, Saudi Arabia, on October 14, 2019. ALEXEY NIKOLSKY | SPUTNIK | AFP via Getty Images An intensifying oil price war between...