Coronavirus Update: Olympics Postponed, States Under Lockdown, Cases Worldwide

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Here's what you need to know about the coronavirus this morning.

Total confirmed cases, according to Johns Hopkins, have surpassed 387,000.

The top five countries are China, with 81,000 cases, Italy with nearly 64,000 cases, the U.S. with 46,000, Spain with 35,000 and Germany with 30,000.

Video Transcript:

Good morning, it’s Tuesday, March 24.

This morning, here’s what you need to know about the coronavirus before you start your day.

Total confirmed cases, according to Johns Hopkins, have surpassed 387,000.

The top five countries are China, with 81,000 cases, Italy with nearly 64,000 cases, the U.S. with 46,000, Spain with 35,000 and Germany with 30,000.

Total deaths are over 16,000, with Italy surpassing 6,000 deaths.

However, there’s always a silver lining and in this case, that’s total recovered cases, which have surpassed 101,000.

This morning, Japan’s Prime Minister has admitted that postponing the Olympics is an option, and U.S. officials have joined in calling for the postponement of the Olympics.

And, another piece of good news, the epicenter of the outbreak--the Hubei province in China--is planning on lifting nearly all lockdown restrictions on Wednesday. The province has been fully locked down since Jan.

However, there are some limitations. People are only allowed to leave if they do not have the virus, and have been given a clean bill of health.

But Wuhan, the capital of the province, is still under lockdown until April 8.

Now, let’s take a look at the U.S., as I’ve already said, the U.S. has the third most cases of the virus worldwide.

Yesterday, the U.S. announced more than 100 new deaths, which pushed the death toll over 500.

Around 43% of the U.S. population have been told to stay at home, with 16 states issuing stay at home orders.

And Senator Chuck Schumer and Treasury Secretary Steven Mnuchin have said that both sides--Republicans and Democrats--are close to a compromise on the $2 trillion economic package.

This is helping to send U.S. markets higher, with futures hitting limit up after soaring 5%.

And, in business news…

Ford  (F) - Get Report has announced that it’s working with GE  (GE) - Get Report Healthcare and 3M  (MMM) - Get Report to make medical equipment and protective gear for healthcare workers, which would help to address shortages in the fight against the virus.

Ford said that it will work with 3M to produce a respirator for healthcare workers--a Powered Air-Purifying Respirator.

And the partnership with GE Healthcare will increase the production of ventilators.

Jim Cramer and I will be coming at you live at 10 am to break down the latest on the markets. Watch us live on TheStreet or find us on Facebook or Twitter @TheStreet.

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