Business

Global supply chains are set for a major reshuffle as the coronavirus pandemic exposes the vulnerability of countries and companies that rely heavily on a limited number of trading partners. The new coronavirus disease, formally known as COVID-19, was first reported in the central Chinese city of Wuhan. Since late-January, a wave of city-wide closures

American Airlines‘ CEO Doug Parker has never seen anything like this, even after 9/11 when airlines were briefly shutdown following terrorist attacks using commercial airplanes. In fact, Parker says the economic fallout from the coronavirus pandemic is far worse for the industry than the crisis airlines faced after 9/11 when airplanes were briefly grounded and demand lagged for more

GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM General Motors is studying whether it can use its auto factories to ”support production” of ventilators and other medical

New York City subway staff disinfect a train station in an effort to stop the coronavirus from spreading in New York, United States on March 11, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The new coronavirus can survive for several hours in air particles and last days on surfaces, according to a new

The United Auto Workers union has asked the Big Three Detroit automakers to shut down production for two weeks to safeguard its members from the coronavirus outbreak.  In a letter to union members, UAW President Rory Gamble said Ford, General Motors and Fiat Chrysler haven’t been willing to pause production.  “They asked for 48 hours

Adam Carver, 38, wears a mask to protect against coronavirus while on a nearly empty Delta flight from Seattle-Tacoma International Airport o JFK on March 15, 2020 near New York City. John Moore | Getty Images The Trump administration is seeking to “very quickly” pass an aid package for industries hurt by coronavirus, including airlines, Treasury

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 169,387, according to Johns Hopkins University. Global deaths: At least 6,513, according to Johns Hopkins University. US cases: At least

New York Gov. Andrew Cuomo and New York Mayor Bill DeBlasio speak during a news conference on the first confirmed case of COVID-19 in New York, on March 2, 2020 in New York City. David Dee Delgado | Getty Images New York Gov. Andrew Cuomo warned Monday that the COVID-19 outbreak will stretch U.S. hospitals

A gate area at Fort Lauderdale-Hollywood International Airport is crowded with travelers awaiting Delta flight 1420 to Atlanta Saturday, March 14, 2020. John Scalzi | AP The Trump administration is weighing “all options” to curb the coronavirus outbreak in the U.S., including an outright halt to on domestic air travel, a senior official said Sunday.

A ticket agent helps travelers arriving on a flight from Frankfurt, Germany before travel restrictions are enacted hours later on flights from Europe entering the U.S. because of concerns of the novel coronavirus (COVID-19) at the Denver International Airport outside Denver, Colorado, U.S. March 13, 2020. Jim Urquhart | Reuters Thousands of Americans returning home

A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart is reducing hours at all of its U.S. stores to allow more time to replenish shelves and clean and sanitize stores, the retailer announced Saturday in a letter on its website. The national retailer

Britain’s Prime Minister Boris Johnson (R) welcomes US President Donald Trump (L) to the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. Peter Nicholls | AFP | Getty Images The U.S. will add the U.K. and Ireland to sweeping travel restrictions as the coronavirus spreads, President Donald Trump said

The Norwegian Cruise Line Norwegian Bliss cruise ship passes through John Hopkins Inlet in Glacier Bay, Alaska, July 11, 2019. Tim Rue | Bloomberg | Getty Images The coronavirus pandemic has brought the bulk of the cruise industry to a standstill as Royal Caribbean and Norwegian Cruises announced Friday the suspension of operations.  Norwegian Cruises

John Fedele A severe coronavirus pandemic in the U.S. could cost the nation’s health insurers roughly $90 billion in medical claims, leading to losses that could force some insurers to tap into reserves to pay those costs, according to a new analysis from S&P Global analysts.  The analysts calculate that under a more moderate scenario,

New York Mayor Bill de Blasio speaks to the media during a press conference at City Hall on January 3, 2020 in New York City. Eduardo Munoz Alvarez / Getty Images New York Mayor Bill de Blasio declared a state of emergency in the city on Thursday, saying large venues like Barclays Center and Madison

Laboratory technicians work on testing samples from people to be tested for the COVID-19 coronavirus at a laboratory in Shenyang in China’s northeastern Liaoning province on February 12, 2020. STR | AFP | Getty Images Human trials testing a potential vaccine to prevent COVID-19 could begin “within a few weeks” with a vaccine ready for

(L-R) Rita Wilson and Tom Hanks attend the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Steve Granitz | WireImage | Getty Images Academy Award-winning actor Tom Hanks and his wife Rita Wilson have tested positive for the coronavirus, Hanks revealed Wednesday. Hanks and Wilson

Boeing 737 MAX airplanes are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing reported Wednesday that it logged more commercial aircraft cancellations than new orders in February, marking a bleak start to the year for the manufacturer already reeling from two fatal crashes of its

A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images An Uber driver. A Starbucks barista. A Walmart store employee. Retailers, fast-food chains and customer service-related companies face a new challenge as the coronavirus outbreak spreads in the U.S.:

An almost empty British Airways passenger plane flies from Milan to London on March 5, 2020 in Milan, Italy. Laurel Chor | Getty Images European airlines have been running near-empty flights in order to retain valuable airport slots, drawing sharp criticism from climate activists as the coronavirus outbreak dramatically reduces passenger demand. A so-called “use-it-or-lose-it”

A person wearing a protective mask sits in a Bay Area Rapid Transit (BART) train car in San Francisco, California, on Wednesday, Feb. 26, 2020. David Paul Morris | Bloomberg | Getty Images It takes an average of about five days for COVID-19 symptoms to show after contracting the virus, while the vast majority of

Fears over the spread of the coronavirus is leading to emptier planes, sending airline shares down to fresh multiyear lows and handing carriers their biggest challenge in a generation. Some airlines are pausing hiring, offering unpaid leave and cutting flights to reduce costs as the virus spreads. U.S. airlines, which analysts consider among the best

The 2020 Cadillac XT5. Mack Hogan | Getty Images The Cadillac XT5 is one of General Motors’ quiet success stories. It’s not the flashiest or best-known luxury vehicle in its class, but it’s consistently one of the bestselling luxury vehicles in the country. On the face of it, that makes sense. The XT5 is an

The Toyota Camry has a reputation, even within Toyota itself, for being a humdrum car. But gosh does it ever sell. The Camry was the top-selling passenger car in the United States in 2019, and is one of the best-selling vehicles of all time. It remains one of Toyota’s most successful vehicles of any shape,

Daniel Craig stars as James Bond in “No Time To Die.” MGM The coronavirus outbreak may have pushed ”No Time to Die” to trade its April box-office release in favor of a November one, but that doesn’t mean other Hollywood blockbusters are going follow suit.  As the number of countries reporting new cases of COVID-19 grows,

Customers wearing protective masks wait in line to enter a McDonald’s restaurant during lunch time in Shanghai, on March 2, 2020. Qilai Shen | Bloomberg | Getty Images Starbucks baristas are washing their hands every 30 minutes. McDonald’s employees are cleaning surfaces like door handles, self-order kiosks and table tops more frequently. Reusable mugs are

Tom Holland and Chris Pratt voice teenage elf brothers in Pixars’ “Onward.” The pair embark on a quest to spend one last day with their father, who died when they were too young to remember him. Disney Pixar has set a high standard for animated movies over the last 25 years, but its latest title

The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, visit the live blog from CNBC’s U.S. team. Global cases: At least 95,270, according to the latest figures from the World Health Organization Global deaths: At least 3,280, according to the latest figures from the WHO All times below are in Beijing

People wearing protective masks sit with a Minnie Mouse balloon inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Tuesday, Jan. 28, 2020. Justin Chin | Bloomberg | Getty Images The spread of coronavirus and cutbacks in domestic and international airline schedules continue to raise concerns and

Campbell Soup CEO Mark Clouse said Wednesday that the company is increasing soup production in response to the coronavirus outbreak. “We made the decision last week to up production in certain areas where we’re using a little bit the analogy of weather or natural disasters,” Clouse said on CNBC’s “Closing Bell.” “Where do we see