‘Delayed epidemic’ takes hold in eastern Europe, Italy reaches 30,000 deaths | #coronavirus | #kids. | #children

The April jobs report showed the U.S. unemployment rate skyrocketing to 14.7%, the worst job losses since the post-World War II era, as coronavirus restrictions shuttered businesses for the month and put millions out of work. State officials are attempting to thread the needle between reopening parts of the economy and preventing a resurgence of the virus.

As the number of coronavirus cases and deaths rise in Russia, a delayed epidemic is taking hold of eastern Europe, while outbreaks in western Europe subside, according to the WHO. Italy reported 243 new deaths from the coronavirus, making it the third country to reach 30,000 deaths

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 3.8 million
  • Global deaths: At least 269,881
  • U.S. cases: More than 1.2 million
  • U.S. deaths: At least 75,852

The data above was compiled by Johns Hopkins University.

4 pm: New York City partners with Salesforce to conduct contact tracing

Bill de Blasio, mayor of New York, wears a protective mask while touring the Malia Mills swimwear factory, which has pivoted to manufacturing polypropylene gowns for medical workers, in the Brooklyn borough of New York, U.S., on Wednesday, April 22, 2020.

Mark Kauzlarich | Bloomberg | Getty Images

New York City Mayor Bill de Blasio announced that the city will partner with Salesforce to deploy a call center as well as a customer relationship and case management system that will help officials track and isolate potential cases of Covid-19.

De Blasio has said that tracking people who come into contact with infected individuals will be crucial to easing restrictions and reopening the city. The city is implementing a “test and trace corps” that will be tasked with testing New Yorkers for the infection and tracing all cases and contacts of known positive infections, de Blasio said.

The goal is to hire 2,500 public health “foot soldiers” by June, who will be trained using the contact tracing program led by former New York City Mayor Mike Bloomberg.Sorry this is late but here you are in case we still want for blog. —Noah Higgins-Dunn

3:30 pm: Coronavirus brings uncertainty for restaurant summer jobs

The coronavirus pandemic has introduced serious uncertainty into the restaurant industry, leaving questions about how many jobs will be available this summer. While many restaurants are currently only offering carryout, curbside pickup and delivery services, fully reopening could be good for adding summer jobs at a time of high unemployment, CNBC’s Kate Rogers and Betsy Spring report. For the past several years, the restaurant industry has typically added more than 500,000 jobs each summer. —Hannah Miller

3:10 pm: Apple to reopen some stores in US

People wearing face masks look at a cellphone outside an Apple store during a May Day holiday in Shanghai on May 1, 2020.

Hector Retamal | AFP | Getty Images

Apple said on Friday that it will reopen its retail stores in Idaho, South Carolina, Alabama and Alaska starting next week. The stores will limit the number of customers at one time and focus on servicing broken products.

Apple will perform temperature checks and employees will wear masks as part of the reopening process. In recent weeks, a few locations have reopened in countries such as South Korea, Australia and Germany. —Kif Leswing

2:50 pm: NFL teams seeing early ticket demand despite coronavirus pandemic, SeatGeek says 

Crews test out architectural light ribbons and exterior sign lighting as construction continues at Allegiant Stadium, the USD 2 billion, glass-domed future home of the Las Vegas Raiders on April 23, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images

Sales of National Football League tickets are up 234% year-over-year compared to the first 12 hours after the schedule release last year, despite concerns surrounding the global health crisis. The company, which specializes in mobile-based ticket reselling, said it is surprised by such early activity especially as the coronavirus continues to impact uncertainty around live sports events. 

“While we certainly assumed there would be some level of demand, we have been surprised to see how strong it is, as fans look forward to football this fall,” Chris Leyden, a SeatGeek communications official, told CNBC via email. —Jasmine Kim

2:45 pm: Media companies are expecting a tough quarter for TV advertising

Bob Bakish, CEO, Viacom

Scott Mlyn | CNBC

Companies like Fox Corp. and AMC Networks are warning about TV advertising declines in the quarter ahead.  

A slew of media companies have reported earnings in recent days that showed how TV is trending as advertisers are pulling spend or postponing campaigns until later in the year. With many consumers stuck at home, consumers are tuning into linear TV, which is expected to add 8.3 million U.S. viewers this year, the first time viewership has seen positive growth since 2011, eMarketer said in a new forecast this week.  

But that viewership isn’t equaling dollar signs. “At a time when lots and lots of companies are slashing their ad budgets, or at least pausing them, now the supply of viewing time or ad inventory exceeds the demand from advertisers to fill it,” eMarketer analyst Ross Benes told CNBC. “It’s great to get people to watch your show, but each viewer is being monetized much lower than they were months ago.” —Meg Graham

2:30 pm: Death of NYC child prompts investigation of impact on kids

New York Governor Andrew Cuomo speaks at his daily briefing at New York Medical College during the outbreak of the coronavirus disease (COVID-19) in Valhalla, New York, May 7, 2020.

Mike Segar | Reuters

The New York Department of Health is investigating whether the coronavirus is causing a severe inflammatory condition in children after a 5-year-old boy in New York City died Thursday, Gov. Andrew Cuomo said.

Other countries, including the U.K. have reported children with the virus who develop the symptoms, which are similar to that of Kawasaki disease and toxic shock syndrome. The World Health Organization has asked its global network of clinicians to be “on alert” for such cases around the world.

The coronavirus was previously believed to mostly spare children. The recently observed conditions in children remain rare, but indicate that the virus presents a threat to young kids.” This is every parent’s nightmare, right? That your child may actually be affected by this virus. But it’s something that we have to consider seriously now,” Cuomo said. —William Feuer

2:15 pm: Families of dead Covid-19 victims may have to give back stimulus checks

Chip Somodevilla | Getty Images

As thousands die in the U.S. from the coronavirus, millions of $1,200 stimulus checks are getting sent out by the government.

That prompts the question: Will families of those who recently died due to Covid-19 get to keep the $1,200 checks made out to the deceased? It turns out the answer is not clear cut.

The IRS said this week that it mostly expects stimulus checks sent to the deceased to be returned. But there is an exception based on the timing of the death and when the stimulus checks were received. “A payment made to someone who died before receipt of the payment should be returned to the IRS by following the instructions about repayments,” the agency states on its website.

Take two people die on the same day in 2020, for example. One receives the stimulus payment via direct deposit the day before they die. The other is still waiting for a check in the mail. The first one’s family will be able to keep the money. That might not be the case for the second family. “I predict more guidance. I predict changes in this,” said Janet Holtzblatt, senior fellow at the Urban-Brookings Tax Policy Center. For now, Holtzblatt said families in this situation should hold off on spending that stimulus money.  —Lorie Konish

2 pm: Melinda Gates says US coronavirus response is ‘chaos’

Melinda Gates, co-founder of the Bill & Melinda Gates Foundation

Chesnot | Getty Images News | Getty Images

Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation, criticized the Trump administration’s response to the coronavirus pandemic and gave it a grade of D-minus. 

The U.S. doesn’t have national leadership to provide enough tests, protective gear and necessary supplies needed, and such lack of response created “chaos” in the country, said Gates Friday on NBC’s “Today” show” In a separate interview with Politico on Thursday, Gates said “now we have 50 different homegrown state solutions instead of a national response” and gave the Trump administration a D-minus grade. —Jasmine Kim

1:45 pm: WHO says ‘delayed epidemic’ takes hold in eastern Europe as coronavirus cases in Russia rise

People wear masks as a preventive measure against the coronavirus pandemic at the Red Square in Moscow, Russia on March 17, 2020.

Sefa Karacan | Anadolu Agency | Getty Images

As the number of coronavirus cases and deaths rise in Russia, a delayed epidemic is taking hold of eastern Europe, while outbreaks in western Europe subside.

“Russia is just in a different phase of the pandemic and can learn some of the lessons that have been learned at great costs in Asia, in North America and in Western Europe,” Dr. Mike Ryan, executive director of WHO’s emergencies program, said at a press briefing. 

World Health Officials said the country has tested nearly 430,000 people and scaled up its public health measures and lab testing in response to the pandemic. —Jasmine Kim

12:54 pm: Aide to Vice President Mike Pence tests positive for coronavirus

U.S. President Donald Trump speaks as Vice President Mike Pence looks on during a meeting with Texas Governor Greg Abbott about coronavirus disease (COVID-19) response in the Oval Office at the White House in Washington, U.S., May 7, 2020.

Tom Brenner | Reuters

A staffer for Vice President Mike Pence has tested positive for coronavirus, becoming the second White House aide this week to contract the virus. On Thursday, the White House announced that President Donald Trump’s personal valet had also tested positive.

News of the Pence staffer broke as Air Force Two was on the tarmac at Andrews Air Force Base to take Pence to Iowa. The White House medical office has initiated a contact tracing program for the individual, and the retesting of individuals who had contact with them is ongoing, NBC reported.

The two staffers’ positive test results deepen concerns about the White House’s informal policy of not wearing masks, despite CDC guidelines. Neither Trump nor Pence wears one, nor do the staffers around them in the West Wing and the Executive Office Building adjacent to the White House.  —Christina Wilkie

12:27 pm: Abbott Labs antibody test delivers highly accurate results, study says

A coronavirus antibody test from Abbott Laboratories is highly likely to deliver correct results, according to the company.

It cited a University of Washington School of Medicine study that found that the antibody test had a specificity rate of 99.9% and a sensitivity rate of 100%, Reuters reported Friday. The results indicate a low probability of incorrectly diagnosing a healthy person and no possibility of false negatives.

Antibody tests are considered crucial in getting the country back to work, as the presence of antibodies could potentially signal immunity to reinfection. —Hannah Miller

12:18 pm: Italy becomes the third country to reach 30,000 deaths

Priest Don Marcello blesses the coffins lined up in the church of San Giuseppe, waiting to be brought to the crematorium by the Italian military on March 28, 2020 in Seriate, Italy.

Pier Marco Tacca | Anadolu Agency | Getty Images

Italy reported 243 new deaths from the coronavirus, making it the third country to reach 30,000 deaths, Reuters reported.

The Civil Protection Agency said the death toll since the outbreak hit the country in February is 30,201, according to Reuters.

The United States has the highest death toll from the virus, 75,852, and the United Kingdom’s 30,689 fatalities is second highest, according to data from Johns Hopkins University. —Chris Eudaily

11:18 am: Amtrak reinstates more train service in Northeast

Amtrak will introduce a modified schedule for its Acela train service between Washington and Boston starting June 1. Amtrak will restore three weekday Acela round trips and increase service for its Northeast Regional lines from eight to 10 round trips.

The railroad service is also implementing new safety measures such as mandatory cashless payments, new glass barriers at station ticket offices and limited seating in dining and cafe areas on trains. Amtrak announced Thursday that it would require employees and passengers to wear facial coverings on trains and in stations. —Hannah Miller

11 am: More borrowers miss mortgage payments under CARES Act bailout

Nearly 4.1 million homeowners are skipping monthly mortgage payments, much higher than federal regulators expected. In just the past week, 225,000 more borrowers took advantage of the government mortgage bailout, according to data firm Black Knight.

Homeowners can put off payments for 90 days under the CARES Act and then apply for extensions of a year. The total number of forbearances represents $890 billion in unpaid principal, CNBC’s Diana Olick reports. —Hannah Miller

10:50 am: More than 78% of workers see layoffs as temporary, a ‘silver lining’ 

Nearly 4 in 5 unemployed workers see their layoff as temporary, and economists say that could be a good sign for the economy. The 18 million workers who described themselves as temporarily laid off expect to return to work in six months.

Michelle Meyer, Bank of America head of U.S. economics, said that is a “silver lining” in the dismal April jobs report, which showed a loss of 20.6 million payrolls. But she said “time is of the essence” to get those workers back to their jobs, before they risk becoming permanent layoffs. —Patti Domm 

10:35 am: Tickets for reopening of Disney Shanghai sell out

A visitor wearing a mask walks outside the Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020.

Aly Song | Reuters

Tickets for the opening day of Disney’s Shanghai theme park sold out within minutes of going on sale. 

Shanghai Disneyland, which has been closed since Jan. 25, will reopen to the public Monday.

Before the coronavirus pandemic, the park saw around 80,000 visitors per day. The government has mandated that Disney operate at 30% capacity, or about 24,000 visitors, when it reopens. However, Disney CEO Bob Chapek said the park will start operations below that capacity and ramp up to the 30% threshold over the course of several weeks.

Guests are required to purchase their admission tickets prior to arriving at the park and will need to wear masks while in the park, except when eating. —Sarah Whitten

10:30 am: Restaurants and bars face rocky path to recovery

While some restaurants and bars will reopen with limited capacity sooner rather than later, the sector is likely to face widespread decimation, according to industry and health experts.

Establishments already hurt by prolonged closures will face steep costs to reopen their doors and sharp cuts to profit margins because of capacity limits.

And even if restaurants find it economically feasible to reopen, there’s no guarantee Americans would feel safe enough to show up in the numbers necessary for a recovery. In fact, 68% percent of Americans say they would feel uncomfortable eating at a restaurant, according to a late April survey from SAP’s Qualtrics, the employee management software company. —Alex Sherman and Amelia Lucas

10:21 am: Leisure and hospitality sector loses 47% of jobs in April

The leisure and hospitality sector lost 47% of its jobs in April as the broader U.S. economy shed more positions last month than in any other since before World War II. The vast majority of the sector’s 7.7 million decline was concentrated in the food service industry, including waiters, chefs and cashiers. Those workers alone saw net job losses total 5.5 million.

Health care, too, saw a steep decline of 1.4 million jobs as providers paused elective surgeries and regular checkups to prioritize preparation for, and treatment of, Covid-19 patients. —Thomas Franck

9:57 am: Sorrento Therapeutics, Mount Sinai develop antibody cocktail 

Biopharma company Sorrento Therapeutics and Mount Sinai Health System in New York City announced they have joined forces to develop an antibody cocktail called COVI-SHIELD they hope will protect against the coronavirus for up to two months.

This therapy is designed to be resistant to future virus mutations since it uses three neutralizing antibodies to ward off the disease.

Utilizing an FDA-approved diagnostic test under emergency use authorization, Mount Sinai researchers have screened approximately 15,000 Covid-19 convalescent patients for highly concentrated, virus-neutralizing antibodies that will be used to produce the treatment.

The jury is still out on how effective antibody treatment is against Covid-19. The FDA is trying to discern what level of immunity people have after they have recovered from the virus. —Lori Ioannou

9:50 am: Stocks rise despite staggering job losses

9:32 am: Moderna CEO says supply of coronavirus vaccine will be limited, US will help decide who gets it first

Moderna anticipates it will work “very closely” with the U.S. government to determine who will get the first doses of its experimental vaccine if it is proven to work, CEO Stephane Bancel told CNBC. The company announced Thursday that the Food and Drug Administration cleared its potential vaccine for a phase 2 trial.

“We will all be supply constrained for quite some time, meaning we won’t be able to make as many product as will be required to vaccinate everyone on the planet,” he said on CNBC’s “Squawk Box.”

Read the full report on the Moderna CEO Stephane Bancel interview from CNBC’s William Feuer. —Melodie Warner

9:13 am: Tesla’s Fremont plant will resume ‘limited operations’ on Friday

Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California.

Noah Berger | Reuters

Tesla will attempt to restart production at its U.S. car plant in Fremont, California, on Friday afternoon, CEO Elon Musk told employees in an e-mail sent overnight. The plant will resume “limited operations” by bringing back around 30% of the employees that would normally work on a given shift, Tesla’s HR boss, Valerie Capers Workman, said in a separate e-mail.

Alameda County, where the plant is located, has a shelter-in-place order effective through May 31, according to the county Public Health Department website.

Read the full report on Tesla’s Fremont plant operations from CNBC’s Lora Kolodny. —Melodie Warner

8:43 am: Unemployment rate jumps to 14.7% as a record 20.5 million jobs were lost in April 

The U.S. labor market in April dropped to historic levels as 20.5 million workers were slashed from nonfarm payrolls, sending the unemployment rate skyrocketing to 14.7%, according to the Labor Department. Economists surveyed by Dow Jones had been expecting payrolls to shed 21.5 million and the unemployment rate to go to 16%.

April’s unemployment rate topped the post-war record 10.8% but was short of the Great Depression high estimated at 24.9%. The Great Recession peak was 10% in October 2009.

Read the full report on the U.S. labor market from CNBC’s Jeff Cox. —Melodie Warner

8:10 am: Hot spots of new cases spread in Southeast states 

7:31 am: WHO calls for more research into role of Wuhan market

This photo taken on April 15, 2020 shows venders wearing face masks as the offer prawns for sale at the Wuhan Baishazhou Market in Wuhan in China’s central Hubei province. HECTOR RETAMAL | AFP via Getty Images

HECTOR RETAMAL

The seafood market in Wuhan, China, played a role in the outbreak, but more research is needed to determine whether it’s the source of the virus or was an “amplifying setting,” the World Health Organization said, according to Reuters.

WHO officials previously said the coronavirus emerged from a seafood market in Wuhan and likely originated in bats, then jumped to an “intermediate host” before infecting humans. Scientists continue to run tests on various animals but have so far not found the host responsible for the outbreak.

“The market played a role in the event, that’s clear. But what role [was] we don’t know, whether it was the source or amplifying setting or just a coincidence that some cases were detected in and around that market,” said Dr. Peter Ben Embarek, a WHO expert on food safety and zoonotic viruses, Reuters reported.

The WHO is in talks with China to send a follow-up mission to the country to investigate the animal source of the virus, a WHO official said Wednesday. —Will Feuer

7:03 am: Indonesia eases travel bans earlier than planned

Indonesian mural artist Bayu Rahardian poses in front of his artwork amid the COVID-19 coronavirus pandemic in Depok on April 16, 2020.

Adek Berry | AFP | Getty Images

Indonesia is easing bans on domestic air and sea travel earlier than planned, according to Reuters.

The country two weeks ago put in place bans on certain domestic travel with the intention to keep restrictions in place until the end of May. The government has lifted those restrictions for Indonesians who work in security, defense and health services; those who have emergency health reasons; and migrant workers returning home, Reuters reported.

Travelers must have tested negative for Covid-19 and have a letter from their employer. —Sara Salinas

Read CNBC’s coverage from CNBC’s Asia-Pacific and Europe teams overnight here: Spain reports uptick in daily deaths; Australia plans reopening in 3 stages


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