More and more government officials are trying to suspend or curtail economic recovery efforts as the coronavirus spreads to new communities and is gaining momentum in many parts of Arizona. Doug Duchi was the last official to roll back work on his staff at the end of Monday. after several weeks of increased cases. On Tuesday, Dr. Anthony Fauci and other senior health officials will testify before lawmakers about the state of the outbreak.
This is a live CNBC blog covering all the latest news about coronavirus outbreakThis blog will be updated throughout the day as news releases.
- Global cases: more than 10.3 million
- Global deaths: at least 505 518
- Cases in the USA: more than 2.59 million.
- Mortality in the USA: no less than 126,141
The above data was collected by Johns Hopkins University.
Professor warns that rising nationalism could lead to an even more dangerous pandemic
8:22 AM Eastern Time — The rise of nationalism and domestic politics could lead to another, even more deadly, future pandemic, according to Ian Goldin, professor of globalization and development at Oxford University.
Goldin, a former adviser to Nelson Mandela and a former vice president of the World Bank, told CNBC that if more protectionism emerges from the coronavirus crisis, the world will face many risks, including an even greater pandemic and greater financial crisis and the Cold War 2.0 “.
“We have a choice,” he said. “Either the pandemic teaches us to be more globalized in politics, to stop the next pandemic, to cooperate, to restore global growth, or we will become more national, in which case we are in a downward spiral.”
Goldin predicted a pandemic for several years, warning in his 2014 book Butterfly Defect and the 2018 BBC series that an outbreak would be the most likely cause of the next global economic crisis. Chloe Taylor
UK Boris Johnson promises “build, build, build” announcing investment growth
British Prime Minister Boris Johnson speaks at a daily briefing on updating information on an outbreak of coronavirus disease (COVID-19), at 10 Downing Street, London, June 3, 2020.
Andrew Parsons | 10 Downing Street | via Reuters
7:34 am ET – British Prime Minister Boris Johnson has announced a public investment program that the government hopes will help the British economy recover from the coronavirus crisis.
“We can’t just remain prisoners of the crisis,” Johnson said, saying that £ 5 billion ($ 6.15 billion) of government spending on various public infrastructure projects, from hospitals to roads and schools. “We have to work fast because we have already seen a dizzying drop in GDP (gross domestic product).”
By promising to “build, build, build,” Johnson announced plans to increase government spending on infrastructure and reduce bureaucracy around construction and development. He compared his plan with the public works program of former US President Franklin Roosevelt’s New Deal in the 1930s. –Holly elliatt
Fauci, other health officials to testify in Congress
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, wears a face mask while he waits to testify before the House Committee on Energy and Commerce about the Trump administration’s response to the COVID-19 pandemic on Capitol Hill in Washington, DC. , USA, June 23, 2020
Kevin Ditch | Reuters
7:13 AM Eastern Time – White House Health Advisor Dr. Anthony Fosi is due to testify before members of Congress on Tuesday at 10:00 Eastern Time.
Fauci will be joined by Dr. Robert Redfield, director of the Centers for Disease Control and Prevention, and Admiral Brett Juard, assistant minister of health at the Department of Health and Human Services. Dr. Stephen Khan, Commissioner of the Food and Drug Administration, must also testify.
The hearing, “updating progress on safe return to work and back to school,” will be conducted by the Senate Health and Education Committee.
All four officials who were supposed to speak testified at the hearing all day before House members just a week ago when officials provided an overview of the US reaction to the pandemic and warned of a difficult fall season. –Will feyer
Read the previous CNBC coronavirus report here: A new strain of flu found in China; WHO warns: “the worst is yet to come”