CNBC US News

The COVID-19 pandemic has posed the single biggest risk factor for the auto industry in years as consumer demand stalls, according to IHS Markit.

President Trump's approval rating hit 49% in the latest Gallup poll, matching his best performance.

Long-term U.S. debt yields dipped on Wednesday after White House and Senate leaders reached a deal on a $2-trillion coronavirus stimulus bill.

New York Gov. Andrew Cuomo said Tuesday that the state has about 3,000 to 4,000 ventilators, a potentially lifesaving device that helps patients breathe, but it needs a minimum of 30,000 additional ventilators.

Bernanke told CNBC the Federal Reserve acted with appropriate force.

President Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.

Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy,

The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket to 30%, higher than it was even during the Great Depression.

Despite an increase in engagement on its some of its platforms "in places hit hardest by the virus," Facebook says it's seeing a weakening in its ads business in countries taking actions to reduce the spread of COVID-19.

The World Health Organization has partnered with Facebook, Microsoft and several other tech companies for a hackathon to promote the development of software to take on challenges related to the coronavirus pandemic.

The stocks making the biggest moves in premarket trading include Target, Nike, Facebook, Apple, Peloton, and more.

In market terms, think of the coronavirus as a three-legged stool where if one of the legs isn't firmly attached, the whole thing will tip over.

Local health officials said said 42% of the county's coronavirus patients are between 18 and 40 years old and 39% are between 41 and 65 years old.

Aerospace and defense companies like SpaceX are counted as "critical infrastructure" businesses, so employees have little choice but to keep reporting to work if they are healthy enough to do so, even during a pandemic.

"As you increase the demand on the health-care system, the mortality rate goes up. It skyrockets," a doctor said when asked about the Trump administration loosening coronavirus guidelines.

President Trump's remarks came as more states imposed extreme measures to try to slow the spread of the coronavirus.

The prisoners all have light sentences, less than a year, and were found guilty of misdemeanor charges, Mayor Bill de Blasio said.

Members of the White House coronavirus task force urged those leaving New York City to self-quarantine for 14-days in order to stop the spread of COVID-19 during a press briefing on Tuesday.

Amazon's stock price is down 11% since the market peaked on Feb. 19, while Apple, Microsoft, Alphabet and Facebook have each plunged more than 20%. And that tells you everything you need to know about the company's critical role.

Chuck Schumer said Republicans and Democrats were at "the 2-yard line" as they tried to reach a coronavirus stimulus deal.