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 2.9 million
- Global deaths: At least 203,534
- US cases: More than 939,000
- US deaths: At least 53,934
The data above was compiled by Johns Hopkins University.
11:30 am: White House economic advisor Kevin Hassett says unemployment rate will approach Great Depression
White House economic advisor Kevin Hassett warned on Sunday that unemployment could hit levels not seen since the Great Depression as the economy contracts dramatically while businesses in most parts of the nation remain shuttered due to the coronavirus pandemic.
Speaking to reporters on the White House lawn on Sunday morning, Hassett said the unemployment rate could hit 16% and “the next couple of months are going to be terrible” for economic data.
“We see an unemployment rate that approaches rates we saw during the Great…