This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 1,026,900
- Global deaths: At least 53,975
- US cases: At least 245,500
- US deaths: At least 6,058
The data above was compiled by Johns Hopkins University.
9:55 am: FedEx slashes CEO’s salary, draws $1.5 billion from its credit line
FedEx said it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as delivery services take a hit from coronavirus-led lockdowns across the globe.
The company, which also suspended its financial outlook, said its board had approved a 91% reduction in CEO Frederick Smith’s base salary for six-month period from April 1 to Sept. 30. —Reuters
9:51 am: Pelosi wants more small business loans, direct payments, and unemployment benefits
US Speaker of the House Nancy Pelosi speaks to the press after the House passed a $2…