Friday Coronavirus Update: President Trump Threatens Tariffs on China, Boeing's Bond Offering

Author:
Publish date:
Video Duration:
1:39

Good morning, it’s Friday, May 1. 

Here’s your daily coronavirus update.

There are over 3.2 million cases of the coronavirus worldwide, with over 230,000 deaths.

The U.S. has over a million cases and over 60,000 deaths.

New York has 300,000 cases and over 18,000 fatalities.

Spain has 213,000 cases and 24,000 deaths.

Late Thursday, President Donald Trump threatened to impose new tariffs on China-made goods. President Trump criticized the handling of the coronavirus outbreak in Beijing. President Trump also said he’s seen evidence that the coronavirus was created in a lab in Wuhan. However, this directly contradicts what top U.S. security officials have said.

In a rare statement on Thursday, the office of the Director of National Intelligence said, “The Intelligence Community also concurs with the wide scientific consensus that the COVID-19 virus was not manmade or genetically modified.”

And then there’s Boeing.

Boeing has said that it will not seek funding from the federal government for now after it launched a $25 billion bond offering with maturities from three to 40 years. It’s expected to close on May 4.

“We’re pleased with the response to our bond offering today, which is one of several steps we’re taking to keep liquidity flowing through our business and the 17,000 companies in our industry’s supply chain,” the company said in a statement.

Boeing’s stock currently trades around $138 a share, has a 52-week high of $391 a share and is down over 60% in the past year. 

Watch More of the Latest Videos from TheStreet and Jim Cramer