Brazil has world’s second-highest cases, overtakes Russia

More than 5.2 million folks on this planet have contracted the coronavirus, which has unfold to not less than 188 international locations and areas world-wide. The world dying toll presently stands at 337,572, in line with knowledge compiled by Johns Hopkins University. 

Brazil now has the second-highest variety of reported circumstances on this planet, after the U.S. The variety of circumstances within the South American nation spiked in latest days, and Brazil overtook each the United Kingdom and Russia previously week. Brazil now has greater than 330,000 circumstances and over 21,000 reported deaths, knowledge compiled by Johns Hopkins confirmed.

Dr. Anthony Fauci, in a CNBC interview Friday, stated now’s the time to reopen the financial system, however states should still take “very significant precautions” with social distancing. States proceed to chart a path ahead, reopening nonessential companies and easing restrictions on motion. Even the hardest-hit states within the nation, New York and New Jersey, are reopening seashores for Memorial Day weekend.

This is CNBC’s reside weblog protecting all the most recent information on the coronavirus outbreak. This weblog can be up to date all through the day because the information breaks. 

• Global circumstances: More than 5.2 million
• Global deaths: At least 338,121
• Countries with essentially the most circumstances: United States (greater than 1.6 million), Brazil (330,890), Russia (326,448), United Kingdom (255,544), Spain (234,824)

The knowledge above was compiled by Johns Hopkins University.

10:55 am (Singapore time) – U.S. automobile rental big Hertz filed for chapter safety late Friday, after days of looking for to barter its large debt with collectors. The coronavirus pandemic has dried up demand for automobile leases, dealing a critical blow to the corporate and prompting Hertz to put off not less than 10,000 employees throughout North America.

“The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company’s revenue and future bookings,” Hertz stated. The firm took fast motion to position the health and security of its employees and eliminates non-essential expenditure to protect liquidity, it stated.

“However, uncertainty remains as to when revenue will return and when the used-car market will fully re-open for sales, which necessitated today’s action.” —Joanna Tan

8:23 am (Singapore time) – Brazil now has the second-highest variety of reported circumstances on this planet after overtaking Russia, in line with knowledge compiled by Johns Hopkins University. The U.S. stays the nation with essentially the most variety of reported circumstances.

Brazil noticed a spike within the variety of circumstances this week. The South American nation now has 330,890 confirmed circumstances and  21,048 fatalities, Hopkins knowledge reveals. The World Health Organization warned that South America has become a new epicenter for the worldwide pandemic. —Joanna Tan

7:25 am (Singapore time) – Basketball legend Patrick Ewing has been hospitalized after being recognized with Covid-19, a press release from Georgetown Athletics stated. The Hall of Fame basketball participant, who’s presently head coach at Georgetown University, is being remoted at an area hospital, the assertion stated.

“I want to share that I have tested positive for COVID-19. The virus is serious and should not be taken lightly,” Ewing stated. “Now more than ever, I want to thank the healthcare workers and everyone on the front lines. I’ll be fine and we will all get through this.” —Joanna Tan

3:43 pm ET — Both Alabama and Texas lifted main restrictions on leisure alternatives forward of Memorial Day weekend. Alabama reopened leisure venues like theaters, bowling alleys and arcades. Texas allowed rodeos, bowling alleys, bingo halls, skating rinks, aquariums and different areas to reopen. Bars within the state have been allowed to reopen at 25% capability as nicely. For extra on states’ reopening progress, click here. —Hannah Miller

3:37 pm ET — President Trump demanded that governors reopen churches, synagogues and mosques “right now,” and threatened to “override” state leaders’ restrictions if they don’t accomplish that by the weekend.

Trump, in a shock announcement from the White House briefing room, stated it was an “injustice” that some state leaders have allowed “liquor stores and abortion clinics” to remain open amid the Covid-19 pandemic whereas closing homes of worship. The feedback marked Trump’s newest try and ramp up the political stakes surrounding the nation’s coronavirus restoration efforts.

“The governors need to do the right thing and allow these very important essential places of faith to open right now, for this weekend,” Trump stated. “If they don’t do it, I will override the governors.” 

But it’s miles from clear if Trump has the authority to take action, because the White House has solely launched tips for states and regional leaders to observe as they fight the illness. —Kevin Breuninger

3:29 pm ET — San Francisco summer time camps and packages can open June 15, Mayor London Breed introduced. However, all private and non-private summer time camps will need to have particular security protocols in place, together with capability limitations, temperature screenings and enhanced sanitizing procedures. 

“It won’t be like the summer we’re used to,” Breed stated at a press briefing.

Camps and packages should prioritize area for kids whose mother and father work at companies which might be allowed to function beneath town’s health order in addition to those that are low-income. The camps are allowed to serve campers aged 6 to 17 from June 15 to August 17. —Hannah Miller 

2:43 pm ET — Roughly 6 months after the coronavirus emerged in Wuhan, China, South America has become a new epicenter of the global pandemic, the World Health Organization stated.

WHO officers famous that the majority circumstances in South America are being reported in Brazil, the place city areas like Rio de Janeiro and Sao Paulo have reported surges in circumstances. However, on a per capita foundation, the virus is infecting extra folks within the rural Amazonas state, Mike Ryan, govt director of the WHO’s emergencies program, stated.

Dr. Maria Van Kerkhove, head of the WHO’s rising illnesses and zoonosis unit, stated the outbreak underscores the necessity to shield at-risk individuals who have underlying circumstances and restricted entry to health care. —Will Feuer

2:31 pm ET — Organizers of the 2020 New York auto present canceled the occasion, beforehand set to be held in August on the Javits Convention Center in New York City. The conference middle is getting used as a brief hospital as coronavirus sufferers crowd medical facilities. The 2020 auto present had beforehand been postponed from April to August, however will now be canceled completely. The subsequent occasion is scheduled for April 2021. —Sara Salinas

2:17 pm ET — Hospital programs have been in a position to resume elective surgical procedures and different procedures, however challenges stay in serving to sufferers really feel comfy sufficient to return again in. Medical services are implementing security measures like scanning guests’ temperatures, distributing coronavirus symptom questionnaires and spacing out ready room chairs beneath social-distancing tips, CNBC’s Bertha Coombs reports. The new protocol is useful in giving sufferers a way of safety that would forestall them from delaying important medical care. —Hannah Miller

2:05 pm ET — A coronavirus vaccine candidate developed in China appeared to provide neutralizing antibodies in dozens of sufferers collaborating in an early-stage medical trial, in line with outcomes revealed in The Lancet. Researchers imagine that growing such a antibodies might be an essential step in buying immunity to the virus, CNBC’s Berkeley Lovelace reports. However, the analysis workforce liable for the research warned that the early outcomes needs to be interpreted cautiously. —Hannah Miller

2:00 pm ET — Dr. Scott Gottlieb informed CNBC he believes if Americans are cautious this summer time, “we can take a breather and get back to some semblance of normalcy.”

Gottlieb did warn about complacency heading into the autumn, although, “when the risk is going to be very different.”

The former FDA chief stated on “Squawk Box” that should nonetheless take precautions, together with going to the shop much less, working towards good hygiene when out and lowering the dimensions of 1’s social circle. 

“Any place you’re in an indoor setting and you’re in contact with people for a sustained period of time, that is the conditions under which this spread,” stated Gottlieb, who’s a CNBC contributor and sits on the boards of Pfizer and biotech firm Illumina. —Kevin Stankiewicz

1:26 pm ET — With summer time approaching, small companies that depend on tourism are hoping Americans will nonetheless be prepared to journey, regardless of the pandemic.

Even with low journey numbers anticipated for the Memorial Day vacation, hotels are still gearing up for the season with new policies that include enhanced disinfecting and requiring visitors to put on masks, CNBC’s Jessica Golden and Contessa Brewer report.

Travel firms like Airbnb and Reservations.com are additionally seeing altering journey traits that embody elevated curiosity in cabins and resorts that folks can drive to. —Hannah Miller

1:18 pm ET — White House health advisor Dr. Anthony Fauci informed CNBC’s Meg Tirrell that states staying closed for too long due to the coronavirus could end up causing “irreparable damage.”

He stated the U.S. needed to institute extreme measures as a result of Covid-19 circumstances have been exploding. “But now is the time, depending upon where you are and what your situation is, to begin to seriously look at reopening the economy, reopening the country to try to get back to some degree of normal.”

Fauci warned members of Congress final week that the U.S. might face much more “suffering and death” from the coronavirus if some states rush to reopen companies too early. It might additionally hinder states “on the road to try to get back to an economic recovery,” he testified at a listening to earlier than the Senate Committee on Health, Education, Labor and Pensions on May 12. — Berkeley Lovelace Jr.

1:02 pm ET — New York Gov. Andrew Cuomo stated there have been 225 new Covid-19 circumstances on Thursday, based mostly on a three-day rolling common, which is at a “level now that is lower than we first began.”

While solely a single each day determine, the variety of new infections has been on a gradual decline throughout the state, which at its peak reported greater than 3,100 new circumstances each day. The state reported a further 109 deaths on Thursday, which “has been stubborn on its way down,” Cuomo stated.

The state has started to implement its phased reopening plan in some areas which have met seven health metrics, resembling declining hospitalizations and new circumstances, in addition to ample hospital mattress and testing capability. He stated the Long Island and the mid-Hudson areas might start reopening subsequent week if deaths proceed to lower and ample contact tracing is applied. —Noah Higgins-Dunn

12:51 pm ET — Hospitalized Covid-19 patients who took hydroxychloroquine had a 34% higher risk of death than those that weren’t handled with it, in line with a research revealed in The Lancet.

President Donald Trump has been taking the malaria drug each day regardless of warnings from the Food and Drug Administration.

CNBC’s Berkeley Lovelace stories that the research checked out greater than 96,000 sufferers at 671 hospitals around the globe. It additionally discovered that sufferers handled with hydroxychloroquine had a 137% elevated danger of growing critical coronary heart arrhythmia. —Hannah Miller

12:33 pm ET – The Trump administration is beginning to sound a lot more comfortable with pushing out another round of coronavirus relief money.

In the previous two days, President Donald Trump and two of his financial advisors – Treasury Secretary Steven Mnuchin and Kevin Hassett – indicated they suppose one other rescue invoice is probably going. Trump stated the federal government might take “one more nice shot” at a stimulus. 

As tens of thousands and thousands of Americans lose their paychecks, each Democrats and the White House seem to assist one other spherical of direct funds. Other points, together with state and municipal help, the extension of an enhanced unemployment profit and legal responsibility protections for companies, might show tougher to resolve if the key events negotiate one other invoice.

Formal talks on fiscal aid between the administration and Congress are stalled. The House will convene for less than a part of subsequent week, whereas the Senate won’t return till June 1. —Jacob Pramuk

12:18 pm ET — Numerous householders who entered into mortgage forbearance packages did not initially want bailouts, however now they do, in line with knowledge from Black Knight.

In April, almost half of these in forbearance nonetheless made their month-to-month mortgage funds, however as of May 19, simply 21% had paid, CNBC’s Diana Olick reports.

These figures might result in a pointy improve within the nationwide delinquency fee in May. —Hannah Miller

12:06 pm ET — Medtronic CEO Geoff Martha stated exercise within the U.S. health-care sector is seeing a “snapback” as cities and states elevate restrictions on nonessential health procedures.

“We’re seeing definite signs of the recovery happen right now,” Martha stated on “Squawk Alley.” “It’s going to vary by location. It’s going to vary by therapy.”

Many hospitals across the nation suspended elective procedures firstly of the pandemic to protect area and private protecting tools for the battle towards Covid-19. The loss of income from these procedures has led many hospitals to put off employees members.

Medtronic reported its most up-to-date earnings on Thursday, displaying a income decline of 26% year-over-year. —Jesse Pound

11:50 am ET —At least 80 million infants could be at risk of getting life-threatening diseases because the pandemic disrupts routine immunizations in international locations around the globe, in line with knowledge from world health consultants.

Of the 129 international locations reporting knowledge to world health officers, 53% indicated that routine childhood immunization providers have been reasonably to severely disrupted or have been completely suspended from March to April.

Many international locations have additionally suspended vaccination campaigns meant to forestall different illnesses resembling cholera, measles, meningitis, polio, tetanus, typhoid and yellow fever, attributable to danger of Covid-19 transmission, they stated. Campaigns for polio and measles have been hit the toughest, with measles campaigns suspended in 27 international locations and polio campaigns placed on maintain in 38 international locations, in line with the report. —Hannah Miller, Noah Higgins-Dunn

11:28 am ET — Companies from Walmart to Wendy’s say they got a bounce in April as Americans acquired stimulus checks from the federal authorities, however some cautioned the upper ranges of spending might not final.

In earnings calls this week, the CEOs of Walmart, Target and Best Buy spoke about an uptick on spending as prospects had extra cash of their pockets. Walmart CEO Doug McMillon stated extra folks purchased discretionary objects, resembling sporting items, toys and TVs. Best Buy CEO Corie Barry stated it noticed a bump in gaming, computing and small home equipment. 

Even as firms described the stimulus’ impact, they have been hesitant to forecast future gross sales and spending patterns. And some analysis signifies that many Americans have put the cash in financial savings or already used it. —Melissa Repko, Lauren Feiner

10:08 am ET — The White House’s prime infectious illness knowledgeable, Dr. Anthony Fauci, stands by the timeline {that a} vaccine could be ready as early as December. Fauci first stated in January {that a} vaccine might be prepared in 12 to 18 months and he doubled down on Friday, telling NPR the “schedule is still intact.”

Fauci cautioned, nevertheless, that it is tough to estimate timelines for vaccines and it is “never a promise.” The U.S. authorities has partnered with biotech firm Moderna to fast-track the event of its vaccine. Fauci stated regulators are usually not compromising on security or “scientific integrity” to speed up the event of the vaccine candidate. “The risk is to the investment,” he stated, to not the affected person. —Will Feuer

9:52 am ET — From Tampa to Cincinnati to Boston, cities throughout the U.S. are making it easier for restaurants to set up outdoor dining to melt the financial blow from the coronavirus.

Jeff Gigante, co-owner of Forbici Modern Italian in Tampa, stated the Florida metropolis’s program has been “a life saver for us.” Capacity restrictions, whereas meant to make social distancing simpler, are difficult within the already-low-margin restaurant enterprise. Expanding tables to streets, sidewalks and parking heaps is a technique so as to add capability whereas nonetheless complying with public-health guidelines.

“If we’re going to continue our great renaissance as a city, we’re going to have to open up more streets and public space to restaurants or … they’re not going to survive,” stated Cincinnati Mayor John Cranley. —Kevin Stankiewicz 

9:46 am ET — As auto producers reopen, they’re coping with manufacturing interruptions when workers turn out to be sick with the coronavirus. At least three workers at Ford Motor vegetation in Illinois and Michigan examined optimistic for Covid-19 this week, prompting short-term manufacturing unit shutdowns for deep cleansing, CNBC’s Michael Wayland reports.

Even as factories implement security measures like requiring workers to put on face masks and endure temperature checks, they cannot dictate what workers do outdoors of labor and are usually not but reliant on mass testing to display screen employees. —Hannah Miller 

9:36 am ET — Stocks opened alongside the flatline as tensions between China and the U.S. offset growing optimism for a possible coronavirus vaccine. The Dow Jones Industrial Average slipped 18 factors, or lower than 0.1%. The S&P 500 and Nasdaq Composite additionally traded marginally decrease.

Read updates on stock market activity from CNBC’s Fred Imbert. —Melodie Warner

9:00 am ET — Apparent 2020 Democratic nominee Joe Biden stated on CNBC that if he have been president, a coronavirus vaccine would be free for everyone within the United States.

“I tell you what, if one is found, I would make sure that every single person in America is able to get a vaccine, period, without any cost,” Biden informed “Squawk Box.”

“And I would do the same thing with testing right now.” The former vice chairman couched the health-care stance in financial phrases, contrasting himself with President Donald Trump, who’s pushing states to rapidly reopen their economies.

“All this talk about reopening — people aren’t going to open until they have the confidence to know that if they gather together, they’re not going to get sick,” Biden stated.

Trump stated final week that he was “looking at” the potential of making an eventual coronavirus vaccine accessible freed from cost. —Kevin Breuninger

7:06 am ET — AstraZeneca and Oxford University have introduced plans to maneuver their vaccine candidate to human trials and have already started to recruit as much as 10,260 adults and kids for the following section of trials, the university said.

On Thursday, AstraZeneca announced it received about $1.2 billion in funding from the U.S. Biomedical Advanced Research and Development Authority to speed up growth of the potential vaccine. Human trials started final month with over 1,000 volunteers within the south of England. No trial knowledge has been launched.

The college stated it is now recruiting for a section two trial, which can embody older adults and kids, to evaluate if the immune response varies in numerous age demographics. The section three trial will assess how nicely the vaccine truly defends towards an infection from the coronavirus.

“The speed at which this new vaccine has advanced into late-stage clinical trials is testament to Oxford’s ground-breaking scientific research,” AstraZeneca govt Mene Pangalos stated. —Will Feuer

7:00 am ET — India’s health ministry reported the nation recorded its highest single-day spike of latest infections because the pandemic started.

The nation of roughly 1.3 billion folks reported a complete of over 118,000 circumstances on Friday, a roughly 5% improve from Thursday’s figures.

To date, India has recorded 3,583 fatalities because of the virus, in line with the health ministry. —Sam Meredith

Read CNBC’s earlier coronavirus reside protection right here: Russia reports record daily jump in deaths; Soros warns EU may not survive