Marc Lasry, co-owner of the NBA's Milwaukee Bucks, told CNBC on Tuesday that sporting events could possibly ban fans if the coronavirus outbreak worsens.
The 10-year Treasury yield broke below 1% for the first time ever in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the spreading coronavirus.
As the Federal Reserve cuts interest rates to try and stem economic damage tied to the global coronavirus outbreak, market commentators are wondering how much the move could really help.
"It's great that the Federal Reserve recognizes that there's going to be weakness, but it makes me feel, wow, the weakness must be much more than I thought," CNBC's Jim Cramer said.
Treasury Secretary Steven Mnuchin told lawmakers Tuesday that he supported the Federal Reserve's decision to cut rates in a bid to support the economy amid the coronavirus outbreak.
A top analyst predicts that Apple will launch several new products using the Mini LED screen technology starting later this year with six products hitting the market before the end of 2021.
Cisco, Amazon, Intel and Salesforce have all backed out of HIMSS citing fears related to the spread of coronavirus. HIMSS draws tens of thousands of employees to Orlando, Florida.
President Donald Trump on Tuesday demanded that the Federal Reserve cut rates even more after the central bank announced it would slash rates by 50 basis points in an effort to combat the economic impact of the coronavirus outbreak.
Public companies that offer telemedicine, including Teladoc, have seen their stock surge in the past week, and many private start-ups tell CNBC they are bracing for increased usage. Insurance companies are starting to follow suit.
Health and Human Services official Dr. Robert Kadlec estimates the country would need roughly 3.5 billion of medical-grade N95 masks, which filter out about 95% of all liquid or airborne particles.