China reports 19 new cases, Italy quarantines

A male donning a protective mask passes by the Coliseum in Rome on March 7, 2020 amid fear of Covid-19 epidemic.

Alberto Pizzoli | AFP | Getty Photographs

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  • World wide conditions: At least 110,029, in accordance to the most recent figures from the World Wellbeing Organization
  • World-wide deaths: At the very least 3,817, according to the most recent figures from the WHO

All situations underneath are in Beijing time.

8:15 am: China studies 19 new cases, 17 much more fatalities

China noted 19 new confirmed circumstances and 17 additional fatalities as of March 9, in accordance to the country’s National Wellness Commission. Of the new situations, 17 were verified scenarios in Hubei province, the place the virus was to start with learned. All further fatalities were from Hubei.

This brings the full range of verified conditions in mainland China to 80,754, with 3,136 deaths in complete. — Lee

8:10 am: Death toll rises to 18 in collapsed China quarantine hotel

At the very least 18 folks have died soon after a hotel in China’s Fujian province collapsed on Saturday night, in accordance to condition media, citing details as of Tuesday morning.

The lodge in the southeast Chinese port city of Quanzhou was used to quarantine people who experienced the latest get in touch with with coronavirus people. Out of 71 folks who ended up trapped, 12 are continue to lacking, the report explained. — Lee

All periods beneath are in Japanese time.

6:53 pm: Trump suggests he is functioning on a payroll tax slice to assistance US staff

President Donald Trump claimed he will be meeting with Senate and Dwelling Republicans on Tuesday to examine a possible tax relief evaluate to provide “a timely and successful reaction to the coronavirus.”

“We are to be meeting with Home Republicans, Mitch McConnell, and speaking about a feasible payroll tax cut or relief, sizeable aid, really significant relief,” Trump reported at a push briefing with coronavirus task pressure members.

“It truly is a significant number,” he additional. “We are also likely to be conversing about hourly wage earners finding support so they can be in a posture exactly where they’re not likely to skip a paycheck.”

6 pm: Tesla shares plummet as cheap oil and coronavirus obstacle electrical car or truck and photo voltaic income

Tesla shares plummeted by 13.6% to $608 per share on Monday, dropping 6 proportion points more than the S&P for the working day, as plunging oil costs and the continuing coronavirus outbreak weighed on traders.

The oil cost battles between Saudi Arabia and Russia could challenge Tesla’s electric car and solar roof income in marketplaces where by it continues to be much more inexpensive for people today to adhere with fossil fuels, and in which they are not incentivized to swap to renewables. Historically, when crude oil and gasoline rates decline, electrical motor vehicle profits — and solar installations — sluggish down.

Tesla is also grappling with the effects of the novel coronavirus outbreak in and over and above China. The epidemic has compelled momentary closures of Tesla’s new Shanghai motor vehicle plant and shops through the place. —Kolodny

5:30 pm: Trump had call with congressmen Collins and Gaetz just before they self-quarantined around coronavirus concerns

5:05 pm: Italy extends its quarantine to the full country PM asks inhabitants to keep at house

Italian Key Minister Giuseppe Conte stated Monday he will indication a decree that extends the lock down of the Lombardy region to the overall country as Italy’s COVID-19 demise toll proceeds to increase.

Persons in the course of the state must not go away their residences other than for work and emergencies, Conte said. He included that all community gatherings will be banned and sporting functions suspended.

Italian officials formerly introduced a lock down of the Lombardy region, which is the most difficult-hit aspect of the state by COVID-19.

The new coronavirus has infected much more than 9,172 across Italy, in accordance to Johns Hopkins College, killing at the very least 463. —Feuer

Go through CNBC’s coverage from the U.S. right away: New Jersey declares condition of crisis as cases surge in tri-condition region

— CNBC’s Lora Kolodny, William Feuer, Kevin Breuninger contributed to this report.

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