Energy News Today

Fauci on schools reopening, viral spread at protests and health care inequities

As the global death toll of Covid-19 surpasses 390,000, the spread of the virus continues to accelerate in parts of Latin America and Eastern Europe, according to the World Health Organization. Daily new confirmed cases are pushing new highs, according to data compiled by Johns Hopkins University, with an all-time high of 130,400 new cases confirmed around the world on Wednesday.  

In the U.S., cases have been on a gradual rise since Memorial Day weekend, a CNBC analysis of Hopkins data shows. The country is nonetheless pushing forward with reopening. Some of the largest Las Vegas casinos reopened on Thursday, and New York City, the epicenter of the U.S. outbreak, is slated to move into its first phase of reopening on Monday. 

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 6.75 million
  • Global deaths: At least 393,383
  • U.S. cases: More than 1.88 million
  • U.S. deaths: At least 108,768

The data above was compiled by Johns Hopkins University.

Investors shrug off rough several months from Boeing and Airbus

6:40 p.m. ET — In March and April, shares of Boeing and Airbus were at multiyear lows, as orders for planes dried up and losses mounted amid the pandemic.

In two of the past four months, Airbus recorded zero orders for new planes, and for May some analysts expect Boeing to post a fifth straight month of no order growth, CNBC’s Phil LeBeau reports. The order drought forced both companies to lower production schedules and to plan for thousands of job cuts.

The outlook still looks rough for the plane makers, but shares of Boeing and Airbus are both up more than 40% in the last month as air travel is showing signs of recovery. The Transportation Security Administration screened 391,882 people at airport security checkpoints in the U.S., the highest number of screenings since March 22. —Chris Eudaily

California to reopen schools, day camps and gyms

A man enters a Shoe City store as Los Angeles County retail businesses reopen while the COVID-19 pandemic continues on May 27, 2020 in Glendale, California.

David McNew | Getty Images

5 30 p.m. ET — California is set to lift major restrictions next week, include allowing schools and day camps to reopen statewide. Counties that have met certain health criteria can also reopen bars, gyms, campgrounds and professional sports, according to the Associated Press.

Most of the new businesses allowed to reopen are part of the third phase in the state’s reopening plan. —Hannah Miller

WNBA considering resuming season in late July

4:30 p.m. ET — The Women’s National Basketball Association is considering resuming a 22-game season starting July 24, according to a report from ESPN.

Players would receive 60% of their normal salaries under the plan, but details have not been released concerning player housing or play-off structure. The report follows the National Basketball Association’s approval of a…

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2020-06-05 22:40:51

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