Health officials warn that mass gatherings across the country can spread the coronavirus further, just as much of the economy is starting to restart. Protests sparked by the police killing of George Floyd, an armed black man in Minneapolis, continued during a seventh night of overnight appeals between law enforcement and protesters.
The World Health Organization, which has been criticized for repeatedly praising China for a swift response to the emergence of the corona virus, complained at private meetings that China did not release enough information or did so quickly about the virus, the Associated Press reported.
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- Global cases: More than 6.28 million
- Global deaths: At least 375,987
- US cases: More than 1.81 million
- American deaths: At least 105,147
The above information was compiled by Johns Hopkins University.
American small business programs distributed virus support to many borrowers twice
9:50 am ET – A technical snafu in a US government system caused many small businesses to get loans twice or more under a federal aid program designed to help businesses damaged by the new coronavirus pandemic, Reuters reported.
The error was caused by a blind spot in the Small Business Administration’s loan processing system that could not see when some borrowers submitted applications several times, usually with several different lenders.
The government and lenders have been trying to identify and recover the money that was wrongly distributed in recent weeks, said one of the people who was informed of the case, according to Reuters. —Melodie Warner
Dow rises by 100 points as investors focus on the economy’s resumption
9:34 am ET – The stock rose on Tuesday as investors looked past civil unrest around the country and focused on reopening the economy from the coronavirus pandemic. The Dow Jones industrial average traded 130 points higher, or 0.5%. The S&P 500 climbed 0.3% while the Nasdaq Composite showed a marginal gain.
Read stock market updates from CNBC’s Fred Imbert and Yun Li. —Melodie Warner
Coronavirus sends more plans to early retirement
A passenger aircraft from Delta Airlines (McDonnell Douglas MD-88) takes off from LaGuardia Airport in New York, New York.
Robert Alexander | Getty Images
9:08 am ET – Delta Air Lines will fly its last two passenger flights with its MD-88 and MD-90 planes on Tuesday after it fired its retirement due to coronavirus. Delta has parked more than 600 aircraft due to high demand in recent months. The move ends the life of the MD-88 and MD-90s in the US passenger fleet. The American departed from the MD-80s in September last year.
The MD-88 numbers are now called by the pilots “Mad Dog” and are now a western part of a noisier era of air travel. Delta took the first delivery of its MD-88s in 1987, while American got its first MD-80s, or “Super 80” fleet started in 1983. Airlines have since turned to aircraft that have quieter and more fuel-efficient high-bypass engines .
When Delta removed them from their LaGuardia service in March 2017, Senator Chuck Schumer (DN.Y.) said: “We welcome Delta Air Line’s positive and responsive decision to retire with these aircraft, which will provide some sought-after noise relief for all nearby neighborhoods. ” —Leslie Josephs
Bank of America pledges $ 1 billion to help economic and racial inequality worsened by Covid-19
Low-level spread through the summer represents a risky fall, says Dr. Scott Gottlieb
7:12 am ET – What appears to be a seasonal nature of the coronavirus may prevent a spike in confirmed cases of Covid-19 in the United States this summer, former Food and Drug Administration Commissioner Dr. Scott Gottlieb. But if daily new cases remain as stubbornly high as they are now, it could set the country up for a nasty fall season, he said.
“I think what happens is that we get low levels scattered all summer. We don’t really see cases fall down much. We don’t see them go up much, and so all the benefits of what could have been a seasonal effect are being washed. of the fact that we are doing more, he said in an interview on CNBC’s “Squawk Box.” “We will accept it, but it creates a risk for the fall.”
U.S. continues to report nearly 20,000 new cases a day, Gottlieb said, as the spread of the virus is moving from the hardest hit cities like New York and Detroit to other communities across the country. With new cases appearing everywhere and a still limited testing infrastructure, Gottlieb said that the slow burning of cases can “seed” infections for another major case outbreak. –Coming fire
Disclosure: Scott Gottlieb is a CNBC contributor and is a member of the boards of Pfizer and the biotechnology company Illumina.
Fall continues to increase in Eastern Europe, says WHO
A man seen on a street during a snowfall. Since March 30, 2020, Moscow has been on lockdown.
Sergei Fadeichev | TASS via Getty Images
6:52 p.m. ET – As new cases continue to decline in Western Europe, hotspots in Russia and Eastern Europe continue to worsen, says the World Health Organization, according to Reuters.
“For the moment in Europe, in Western Europe, we are seeing a steady decline,” spokeswoman Margaret Harris told reporters. “It’s not fast but there is a steady decline in new cases being reported daily, so that means the number of new cases is still significant, but the number is coming down except Russia and Eastern Europe where we are still seeing the increase.”
Coronavirus has infected more than 423,186 people in Russia and killed at least 5,031 people, according to data compiled by Johns Hopkins University. It is the third largest coronavirus outbreak in the world, behind only the US and Brazil. —Will fire
Read CNBC’s previous coronavirus live coverage here: Moody’s lowers India’s rating to the lowest investment grade