In the final U.S. presidential debate, President Donald Trump continued to tout his response to the coronavirus pandemic and praised efforts to reopen businesses that were shut down to slow the spread. Democratic nominee Joe Biden countered that America’s Covid-19 cases are rising too fast and warned that it is headed for a “dark winter.” As coronavirus restrictions returned to Europe, preliminary data released Friday showed economic activity in the euro zone shrunk in October.
Coronavirus live updates: Six U.S. states hit daily deaths record; Sen. Cotton calls for more targeted stimulus
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.
The following data was compiled by Johns Hopkins University:
Global cases: More than 41.7 million
Global deaths: At least 1.13 million
U.S. cases: More than 8.41 million
U.S. deaths: At least 223,059
Dow rises for a second day as investors await stimulus news
U.S. stocks opened higher as Wall Street awaits updates on additional fiscal stimulus talks, as well as news on the earnings and coronavirus treatment fronts, reports CNBC’s Fred Imbert.
The Dow Jones Industrial Average rose 50 points, while the S&P 500 gained 0.3% and the Nasdaq Composite rose 0.1%. —Melodie Warner
Six U.S. states hit record highs of daily new deaths on a seven-day average Thursday, according to a CNBC analysis of data from Johns Hopkins University.
Kansas reported a record seven-day average of 15 deaths, a 24% rise from last week. The record seven-day average of new deaths in Wisconsin was 21, up 16% and Oklahoma reported 11 new deaths, a 34% increase from the prior seven-day average.
New deaths in Nebraska, South Dakota, and Wyoming hit a seven-day average of 7, 6, and 1, respectively.
Thirteen states — including Ohio, Wisconsin, Oklahoma and Kentucky — also set records for seven-day average hospitalizations.
This data provided by JHU is collected from dozens of state and local agencies that have varying reporting methodologies and levels of accuracy. Comparisons of the seven-day average help to smooth out inconsistencies in state reporting procedures. —Melodie Warner
Senator Tom Cotton says next stimulus package should be more targeted
Insurance issues could radically change live shows, says music legend Nile Rodgers
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Multi-Grammy award-winning Nile Rodgers told CNBC that he doesn’t know if live shows can ever be the same again “because what are the insurance policies going to look like now?”
Rodgers said the highlight of performing live for him was bringing “all these strangers” up on stage to share the experience of what it’s like to entertain “tens of thousands of people.”
“Are they going to now take into effect that we may make somebody sick inadvertently, and we were just trying to give people a good time? So we have to think about all those sorts of things,” he added.
Rodgers, who is also chairman of the Songwriters Hall of Fame and the first-ever chief creative advisor at the legendary Abbey Road Studios in London, recently headlined the virtually-held Festival of Marketing. —Melodie Warner
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