CNBC Business

The governors, led by Andrew Cuomo, announced the coronavirus group hours after President Donald Trump claimed in a tweet that he, not state leaders, has the power to decide when to "open up" country.

Members of the coronavirus task force are expected to hold a press briefing Monday, in what has become a daily affair amid signs that the curve is flattening in some hard-hit areas.

"All the measures we have taken like keeping distance, wearing masks, no parties ... are definitely measures that need to be there in place for months to come," German Health Minister Jens Spahn said.

Gov. Andrew Cuomo said New York is "controlling the spread" of the coronavirus. He also said the state's death toll from Covid-19 has topped 10,000.

The Food and Drug Administration granted emergency use authorization for a coronavirus test relying on saliva samples developed by a Rutgers University-backed entity, the New Jersey college announced.

Disney Pixar's "Soul" is the latest Hollywood film to be displaced from its initial release date due to the coronavirus pandemic.

One of the nation's largest labor groups, United Food and Commercial Workers International Union, is asking shoppers to change the way they shop and wear masks every time they go to stores.

New Jersey Gov. Phil Murphy is holding his daily press conference on the Covid-19 outbreak, which has infected more than 61,800 people as of Monday.

"We have mostly undisbursed loans at this time" said Tony Wilkinson, president of the National Association of Guaranteed Government Lenders.

Ford Motor will begin producing new powered air-purifying respirators this week to assist in protecting health-care workers from Covid-19.

"With regards to recovery and then reinfection, I believe we do not have the answers to that. That is an unknown," Dr. Mike Ryan, executive director of WHO's emergencies program, said at a press conference Monday.

"While Covid-19 accelerates very fast, it decelerates much more slowly. In other words, the way down is much slower than the way up," WHO Director-General Tedros Adhanom Ghebreyesus said at a press conference Monday.

Earlier Monday, Cuomo said New York is "controlling the spread" of the coronavirus, and it appears that "the worst is over ... if we continue to be smart going forward."

Walmart's chief operating officer for U.S. e-commerce, Jamie Iannone, played a key role in the retailer's digital strategy and was one of its rising stars.

Wedbush's Michael Pachter predicts the 2020 box office will fall more than 40%, to around $6.6 billion.

A government bailout of companies due to the coronavirus has led to criticism after a record decade of stock buybacks. Companies that can't manage cash flow deserve the attacks.

Caterpillar tanks after a downgrade from Bank of America. Ford Motor issues a bleak first-quarter forecast.

New York City Mayor Bill de Blasio is holding a press conference Monday to update the public on the coronavirus outbreak.

Ford said Monday that it couldn't yet provide an accurate estimate of its earnings, telling investors it expects a pretax loss of about $600 million, excluding $300 million in special items.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 190200 people in the state as of Monday morning.