Wednesday Coronavirus Update: Tesla Furloughs Hourly Workers, Trump Threatens to Hold WHO Funding

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Good morning!

It's Wednesday, in case you've lost track. 

So, here's your daily coronavirus update. 

There are over 1.4 million cases of the virus worldwide, with over 400,000 cases in the U.S.

Spain has over 146,000 cases and Italy has over 135,000 cases.

Watch the video above for more.

Video Transcript:

Good morning, it’s Wednesday April 8.

And here’s your coronavirus daily update.

There are over 1.4 million cases of the virus worldwide, with over 400,000 cases in the U.S.

Spain has over 146,000 cases and Italy has over 135,000 cases.

New York state has surpassed the number of cases in Italy. New York State now has over 138,000 cases.

There are over 82,000 deaths worldwide.

There are nearly 13,000 deaths in the U.S.

Italy has over 17,000 deaths and Spain has over 14,000.

Let’s take a look at business world.

Tesla announced late Tuesday that it will cut all salaried employees' pay and furlough hourly workers due to the suspension of new vehicle production because of COVID-19.

The company, in an internal email, said that it plans to resume production at its Fremont, California plant on May 4.

And weekly mortgage applications sink 18% as homebuyers, nervous about the pandemic, back away.

Switching over to politics, President Donald Trump has threatened to pull funding to the World Health Organization.

He has accused the WHO of not being aggressive enough when it comes to COVID-19.

He also replaced the acting inspector general for the Defense Department, Glenn A. Fine.

Fine was set to become the chairman of the Pandemic Response Accountability Committee, which will oversee how the government carries out the $2 trillion economic relief package.

And, finally, the Chinese city of Wuhan--the epicenter of the epidemic in China and the first place to face the virus--is once again lessening the lockdown procedures.

The city has been locked down since January 23.

And for the first time since the lockdown, people have been allowed to leave Wuhan.

Jim Cramer and I will be breaking down the latest live at 10:30am. You can watch us live on TheStreet.com or find us on Facebook or Twitter @TheStreet.

Catch up on the Latest Videos on TheStreet!

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