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Thursday, July 9, 2020

Brazil sets a new daily record; Retail sales in the United States

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This is CNBC’s live blog covering all the latest news on the coronavirus epidemic. This blog will be updated throughout the day as news becomes available.

  • Global cases: more than 4.4 million
  • Deaths worldwide: 302,025
  • Most cases reported: United States (over 1.4 million), Russia (252,245), United Kingdom (234,439), Spain (229,540), Italy (223,096)

The above data was compiled by Johns Hopkins University at 8.45 am Beijing time.

All times below are in Beijing time.

9:50 a.m .: Restaurants and bars reopen in parts of Australia

People gather in the cafes of Bronte Beach on May 15, 2020 in Sydney, Australia. The restrictions put in place in response to the COVID-19 epidemic have been relaxed in New South Wales as of today.

Ryan Pierse | Getty Images

According to Reuters, restaurants, bars and cafes in Australia’s most populous state, New South Wales, reopened today after two months of closure.

However, authorities have warned people to maintain social distance, with businesses being limited to reopening with a maximum limit of 10 customers at any time, according to the report. Schools are also reopening gradually.

The reopening would boost the country’s attempt to restart its economy, after reporting an unprecedented number of job losses, with worse to come, warned Prime Minister Scott Morrison, the report said. – Weizhen Tan

8:45 am: International Olympic Committee sets aside $ 800 million for pandemic loans and payments

The 2020 Tokyo Olympics had been postponed due to the pandemic, organizers and authorities saddled in Japan with additional costs expected to reach billions of dollars, according to an Associated Press report.

The IOC says he has set aside $ 800 million for payments and loans linked to the pandemic, the report said.

“We anticipate that we will face costs of up to $ 800 million for our share of the responsibilities of hosting the Games,” said International Olympic Committee president Thomas Bach, according to AP. – Weizhen Tan

8:30 a.m .: Brazil records daily record of more than 13,000 cases

Brazil, the hardest hit country in Latin America, reported a daily record of 13,944 new cases, bringing its total to 202,918 cases, according to Reuters.

The new summit comes as President Jair Bolsonaro has called for the lifting of blockages in the financial center of Sao Paulo to mitigate the economic damage caused by the restrictions. Sao Paulo governor Joao Doria, however, said he would not comply with the presidential decree, the report said.

Doria urged people to stay at home and ordered the closure of all non-essential services until May 31. But Bolsonaro has sought to weaken those orders by declaring more essential and free services to open, including gyms and hair salons, Reuters said. – Weizhen Tan

Passengers wearing protective masks in Estacao da Luz, central region of the city of Sao Paulo, Brazil, on May 11, 2020.

NurPhoto

8:15 a.m .: April retail sales in the United States are expected to drop by a record amount while Americans stay at home

The Americans did their shopping online and for shopping in April, avoiding many non-essential items because they stayed at home during the state closings.

Economists expect April retail sales to decrease 12%, the largest drop since the start of the data series in 1992. March’s decline was 8.7%, reflecting the impact of closings that occurred during the second half of the month. The number of retail sales is an important read for the consumer, who represents about 70% of the economy. – Patti Domm

8:00 am: China reports 4 new cases, no deaths

The National Health Commission of China has reported four new cases, all locally transmitted infections. This brings its total to 82,933 confirmed cases.

There have been no new deaths, the deaths remaining at 4,633, according to the NHC. There have been 11 new asymptomatic cases where patients have no symptoms of the disease. A total of 619 asymptomatic cases were under medical observation. – Weizhen Tan

Read CNBC coverage from the USA overnight: White House expected to support new round of stimulus checks, sixth Amazon worker dies of virus

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