The Senate overwhelmingly passed a massive stimulus package late Wednesday night aimed at softening the economic blow of the coronavirus pandemic for American workers and businesses. The bill includes billions of dollars in credit for struggling industries, a boost to unemployment insurance and direct cash payments to Americans.
The fate of the bill now rests with the House, which will not vote until Friday, according to House Majority Leader Steny Hoyer, D-Md.
The U.S. reached a grim milestone as the number of deaths linked to the coronavirus passed 1,000 in the country, according to a count of reports of cases and deaths by NBC News. Globally, the death toll topped 20,000, with nearly half a million reported cases.
Meanwhile at the U.N., the Trump administration is pushing the Security Council to call attention to the Chinese origins of the coronavirus, four diplomats posted to the United Nations told NBC News, triggering a stalemate as the global body seeks to cobble together a response to the pandemic.
China warns against resurgence of infection at home
Chinese Premier Li Keqiang warned residents of the country on Thursday about "asymptomatic cases" and the chance for the resurgence of the infection at home.
Urging strict mitigation and containment measures that limits cross-border land and water travel, the Chinese government plans to have public health teams that will comb through communities to ascertain the sources of each new confirmed, suspected or asymptomatic cases.
The government is also stressing to medical teams and communities the importance of releasing factual information in a timely and transparent manner, stating that there would be no room for cover-ups or under-reporting.
As the disease has spread globally and China's own numbers have fallen, the government said it is also keeping an eye on international airports and taking strict containment measures on inbound travelers.
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Reuters and Isobel van Hagen
5d ago / 1:49 PM UTC
New Zealand starts first day of month-long lockdown
New Zealand started a one-month mandatory lockdown on Thursday to slow the spread of the coronavirus — with warnings from authorities to stay at home or face large fines and even jail.
The country's Prime Minister Jacinda Ardern said at a news conference that most things were going according to plan: “The streets are essentially empty... that’s a remarkable feat and I want to thank New Zealanders for that."
Ardern also posted a picture of her “home office” on Instagram on Thursday, praising nurses, doctors, ambulance officers, pharmacists, receptionists, midwives, cleaners, supermarket workers and others. “I know it can be a thankless job sometimes, so from all of us - thank you," she wrote.
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5d ago / 1:42 PM UTC
Stock market attempts a rally amid record-shattering unemployment figures
Wall Street attempted a rally Thursday morning, despite record-breaking unemployment claims that revealed the extent to which the economy has ground to halt due to the coronavirus pandemic.
The Dow Jones Industrial Average was up by around 330 points at the opening bell. The S&P 500 and the Nasdaq also ticked up a notch, trading higher by around 1.4 percent.
Domain marketplace stops sale of coronavirus-related website listings
One of the largest independent domain marketplaces announced Thursday it would remove coronavirus-related domain names and no longer allow sellers to list them for sale.
“We’re seeing astronomical high prices being asked for these domains and find that unethical and unacceptable,” the company, DAN.com, said in a series of tweets Thursday morning.
The number of coronavirus-related domains have grown astronomically to more than 68,000 this year, according to DomainTools, a cyber intelligence company that tracks such registrations. Many of those carry spam, phishing attempts or malware, DomainTools’ vice president of product Jackie Abrams wrote in a blog post this week.
DAN encouraged their clients that own coronavirus domains to donate them to charities, government agencies or non-profits.
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Arata Yamamoto and Reuters
5d ago / 1:28 PM UTC
Japan calls virus a 'national crisis' after surge in Tokyo
Japan banned entry from Europe on Thursday and warned of a high risk that the outbreak would become rampant after a surge in Tokyo.
In a step towards a possible state of emergency, Japanese Prime Minister Shinzo Abe described the outbreak as a "national crisis" in a task force meeting Thursday. Authorities are particularly worried that a jump in cases in Tokyo means Japan — which has so far escaped a mass spread that has hit Europe and North America — could now be on course for a big new wave.
On Thursday, Tokyo Governor Yuriko Koike warned of the risk of an explosive rise in infections in the capital and asked residents to avoid non-essential outings through April 12. Japan’s Health Ministry reported 98 new cases Thursday, with more than a total of 1,200 reported infections as of Thursday. This comes just days after the Tokyo 2020 Olympic were postponed.
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5d ago / 1:00 PM UTC
More than 3 million Americans filed for unemployment last week
A record-breaking 3.28 million Americans filed for unemployment claims last week, as the coronavirus pandemic shuttered businesses nationwide and ground the economy to a halt.
The massive spike in new jobless claims comes as nationwide lockdowns to halt the spread of the coronavirus pandemic have kept Americans from their workplaces, grinding businesses to a halt and forcing many companies to shutter or to lay off staff.
These numbers are just "the tip of the iceberg," said Diane Swonk, chief economist at Grant Thornton, noting that these figures do not even include data from this week.
Coronavirus checks, direct deposits are coming. Here's everything you need to know.
As the coronavirus crisis ravages the U.S. economy, millions of Americans are urgently awaiting financial help from Congress in the form of direct cash payments.
Congressional leaders and President Donald Trump announced a bipartisan deal late Wednesday on a massive $2 trillion emergency economic package that includes direct cash payments to people across the country to help them through the crisis. The Senate passed the bill 96 to 0, and the House is expected to follow suit on Friday.
But who’s eligible to get a check, and for how much? How will it be sent, and will there be multiple payments?
Coronavirus burger makes the menu of Hanoi restaurant
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5d ago / 11:55 AM UTC
G-20 leaders to meet remotely to tackle coronavirus challenges
Leaders from the Group of 20 major economies will take part in a video call on Thursday to address the coronavirus pandemic and its economic impact, as global infections neared half a million with more than 21,000 dead.
G-20 finance ministers and central bankers agreed this week to develop an "action plan" to respond to the outbreak — which the International Monetary Fund expects will trigger a global recession — but they otherwise offered few details.
World Health Organization Director General Tedros Ghebreyesus will also address the leaders to seek support for ramping up funding and production of personal protection equipment for health workers amid a worldwide shortage.
This year's G-20 chair, King Salman of Saudi Arabia, called for the extraordinary virtual summit. He tweeted overnight that its goal was "to unite efforts towards a global response."
As the world confronts the COVID-19 pandemic and the challenges to healthcare systems and the global economy, we convene this extraordinary G20 summit to unite efforts towards a global response. May God spare humanity from all harm.
Isobel van Hagen , Hernan Muñoz Ratto and Andy Eckardt
5d ago / 11:40 AM UTC
Spanish artists collaborate as lockdown is extended
Spanish musicians wear pajamas, sit in the bathtub, entertain their kids and dance with their pets in a light-hearted video for “Quédate En Tu Casa,” or "Stay in Your House," posted Wednesday. The new song was created by 17 Spanish artists all in their respective homes.
The song was created as the anthem for the #yomequedoencasafestival (I’m Staying Home Festival) — a series of performances via Instagram Live that has run for the last two weekends, and will continue this coming weekend.