Finance News

Texas and Florida roll back reopening plans


The fallout from record numbers of cases and hospitalizations in some states continued Friday with Texas and Florida taking bigger steps to mitigate the spread of the disease. Texas reversed reopening plans, closing bars and capping restaurant capacity at 50%. Florida, which shattered its daily record for new cases once again, banned drinking at bars.

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 9.64 million
  • Global deaths: At least 490,055
  • U.S. cases: More than 2.42 million
  • U.S. deaths: At least 124,468

The data above was compiled by Johns Hopkins University.

EU finalizing ‘safe list’ of countries for travel, and the U.S. did not make the cut

6:32 p.m. ET — Representatives from the 27 European Union countries got closer to agreeing on a “safe list” of countries whose residents would be allowed to travel to the area beginning in July, but delayed a final decision, according to Reuters.

A list of 10-20 countries was set, but many countries said they had to check with their governments first, diplomats told Reuters. The list did not include the United States, Brazil or Russia, one diplomat said.

The EU countries are expected to give informal replies by Saturday evening.

A number of countries are in a worse situation with coronavirus than the European Union, based on recent European Centre for Disease Prevention and Control data. That list of countries includes the United States, Mexico, Brazil and much of Latin America, Russia, South Africa and Saudi Arabia. —Chris Eudaily, Reuters

California connects employers that need PPE with manufacturers

A customer wearing a protective mask receives a takeaway meal from a restaurant during the coronavirus pandemic on May 20, 2020 in the Little Tokyo neighborhood of Los Angeles, California.

Michael Tullberg | Getty Images

6 p.m. ET — California Gov. Gavin Newsom announced a new website called safelymakingca.org that will connect manufacturers with businesses that need personal protective equipment like face masks.

“We’ve been in discussions for the last few months to talk about how we can encourage California manufacturers to retool their assembly lines to help meet the needs for these critical products,” Newsom said in a statement.

The announcement comes as the state has seen a 3.3% increase in coronavirus hospitalizations, according to Newsom. California has 201,290 confirmed coronavirus cases, according to the latest data from Johns Hopkins University. Newsom said the state will see death rates increase over the next two weeks and that young people are getting sick as well. —Hannah Miller

NBA, players union finalize restart plans after Covid-19 suspension

5:30 p.m. ET — The National Basketball Association and the National Basketball Players Association announced it finalized plans to resume its 2019-20 regular-season that was suspended due to Covid-19.

The league will send 22 teams…



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