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Black-owned businesses hit hardest; new record high cases in some states


Global coronavirus cases now top 8.5 million, having added another 1 million cases in just over a week. Hot spots in Latin America and the Middle East have contributed to the rise, with cases still ticking higher in the U.S. and cases in Europe hitting a relative plateau. 

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. 

  • Global cases: More than 8.55 million
  • Global deaths: At least 456,726
  • U.S. cases: More than 2.20 million
  • U.S. deaths: At least 118,758

The data above was compiled by Johns Hopkins University.

Black-owned businesses hit hardest amid pandemic

3:21 p.m. ET — In addition to disproportionately affecting people of color in the U.S., the coronavirus pandemic has also posed outsized challenges for Black-owned businesses.

The number of Black business owners who were actively working fell 41% from February through April, compared with an overall drop of 22% in active business owners nationwide, CNBC’s Kate Rogers and Betsy Spring report. Minority-owned businesses were also hit hardest by limitations within the Paycheck Protection Program, making it harder for them to access government aid, according to research from the Center for Responsible Lending.

However, some Black business owners have experienced boosts in business and exposure as consumers look to support minority-owned operations amid recent anti-racist protests. —Hannah Miller

Film critics are ‘filled with dread’ about returning to theaters

A woman stands under a cinema entrance, as the global outbreak of the coronavirus disease (COVID-19) continues, in Los Angeles, California, May 14, 2020.

Lucy Nicholson | Reuters

3:17 p.m. ET — While movie theaters are gearing up to reopen, film critics are worried that it may be too soon for public gatherings to take place in confined spaces like cinemas. Their trepidation is being exacerbated by the fact that a number of the major movie theater chains in the U.S. have made mask-wearing optional.

“I’m excited to see movies in theaters again,” a freelance film critic and editor from New York told CNBC. “I’m not sure when I will be doing that, though. I don’t have faith in the major chains that are not mandating that patrons wear masks. I think that’s incredibly reckless.”

Film reviews are a vital part of a film studio’s marketing, as positive reviews can help drive stronger ticket sales and consumer interest.

“There’s a lot of concern among critics about this, because for our jobs we may be forced to decide between an assignment and our health,” the New York-based critic and editor said. “And not just ours but those in our homes.” —Sarah Whitten

White House insists coronavirus is a ‘priority’ as Trump prepares for rally

3:05 p.m. ET — The White House maintained the virus is “still a priority” for the administration, even as President Donald Trump prepares for a rally in Tulsa, Oklahoma that could spread the disease.

During a press briefing, White…



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2020-06-19 19:42:20

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