Thursday Coronavirus Update: Worldwide Cases Cross 480,000 and Senate Passes $2 Trillion Package

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Let's go over what you need to know Thursday morning. 

There are over 480,000 cases worldwide, with over 21,000 deaths.China has the most cases, with nearly 82,000, then there’s Italy with 74,000, the U.S. 69,000, Spain has 49,000 and Germany has 39,000. The countries hardest hit are Italy, with over 7,500 deaths and Spain with over 3,600 deaths.

Jobless claims came in at 3.28 million, which broke historical records. Analysts expected 1.5 million. Goldman Sachs has forecasted 2.25 million new claims.

Watch the video above for more.

Video Transcript:

Good morning, it’s Thursday, March 26.

Here’s the latest on the coronavirus.

There are over 480,000 cases worldwide, with over 21,000 deaths.

China has the most cases, with nearly 82,000, then there’s Italy with 74,000, the U.S. 69,000, Spain has 49,000 and Germany has 39,000.

The countries hardest hit are Italy, with over 7,500 deaths and Spain with over 3,600 deaths.

Total recovered has risen to 115,000.

Japan, New Zealand and the U.S. all recorded their largest single-say spikes in diagnoses Wednesday. The U.S. also announced over 200 new deaths, marking it as the single deadliest day so far.

The death toll in the U.S. has surpassed 1,000.

Late last night, the Senate unanimously voted to pass the $2 trillion stimulus plan, which offers a $1,200 payout to millions of America.

The passage of the plan comes right as Wall Street braces for a jobless claims number that could smash historical records and is expected to be in the millions.

Goldman Sachs has forecasted 2.25 million new claims.

New York City has been the hardest hit in the U.S., it announced Wednesday that it has over 20,0000 confirmed cases and over 280 deaths.

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Disease, warned that Americans need to prepare for a second cycle of the COVID-19 outbreak.

Jim Cramer and I will be breaking down the latest live at 10 am. You can watch us live on TheStreet.com or find us on Facebook or Twitter @TheStreet.