This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 4.17 million
- Global deaths: At least 285,690
- Most cases reported: United States (1,346,723), Spain (227,436), United Kingdom (224,332), Russia (221,344), and Italy (219,814).
The data above was compiled by Johns Hopkins University as of 7:57 a.m. Beijing time.
All times below are in Beijing time.
8:13 am: China reports 1 new case, 15 asymptomatic cases
China’s National Health Commission reported one new case of the coronavirus as of Monday, down from 17 new cases the day before.
That takes the total number of infected people to 82,919, according to government data. The new case was an imported one, attributed to a traveler from overseas.
There were no additional deaths, keeping the toll at 4,633.
The health authority reported 15 new asymptomatic cases, where the infected do not display symptoms. —Huileng Tan
8:06 am: Global death toll crosses 285,000
The total death toll for the coronavirus has surpassed 285,000 globally, according to Johns Hopkins University, as worldwide infections continue to climb above 4.1 million.
The outbreak has tapered off in China, according to government data. Economies around the world are reopening after lockdowns while taking precautions such as social distancing.
Authorities are on the alert for a second wave of infections as people start to mingle again. —Huileng Tan
South Korean commuters wear protective masks as they crowd on an escalator and stairs after getting off the subway during rush hour on May 11, 2020 in Seoul, South Korea.
Chung Sung-Jun | Getty Images
8:02 am: Corporate debt issuance stays on record pace
Another $25.7 billion in investment grade bonds hit the market on Monday, coming on the heels of $100 billion issued last week.
Corporate debt issuance is continuing at a record pace after the Federal Reserve announced that it would begin buying corporate debt by early May, CNBC’s Patti Domm reports.
Now that mid-May is here, investors are looking to the Fed for guidance on what’s next. —Hannah Miller
Read CNBC’s coverage from the U.S. overnight: White House requires masks for staff, Western states ask for $1 trillion in aid
