A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter.
The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the global response to the Covid-19 pandemic. Late Monday night, President Donald Trump threatened to pull support from the agency permanently and started a 30-day clock for the WHO to commit to changes.
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 4.82 million
- Global deaths: At least 318,851
- U.S. cases: More than 1.5 million
- U.S. deaths: At least 90,396
The data above was compiled by Johns Hopkins University.
U.S. outpaces rest of world in newly reported cases
75% of Singapore’s economy can resume on June 2
8:15 am ET —Singapore’s government said three-quarters of the country’s economy can resume normal operations starting on June 2, with one-third of the workforce resuming on-site operations, according to a Reuters report.
Those laborers returning to work include those working in manufacturing, production, finance, insurance and wholesale trade, Reuters reported. Some schools will also reopen as part of the phased plan.
Health Minister Gan Kim cautioned the partial resumption of operations will likely mean an uptick in daily new Covid-19 cases. The city-state has confirmed nearly 28,800 cases of the virus so far. —Sara Salinas
The latest on U.S. hot spots
Walmart, Home Depot report same-store sales jumped
U.S. will send 200 ventilators to Russia as Russian coronavirus cases near 300,000
A woman wearing a protective mask holds flowers near a makeshift memorial for medics, who reportedly died in Saint Petersburg and Leningrad Region in the times of the coronavirus disease (COVID-19) outbreak, in central Saint Petersburg, Russia April 28, 2020.
Anton Vaganov | Reuters
7:26 am ET — The U.S. will start delivering 200 ventilators to Russia this week, the U.S. embassy in Moscow said, according to Reuters. It comes after Russian President Vladimir Putin reportedly requested assistance from the U.S. and President Donald Trump offered to send 200 U.S.-made ventilators.
Russia now has the second-highest number of confirmed coronavirus cases after the U.S., with 299,941 confirmed cases of the virus. It has recorded 2,837 deaths, as of Tuesday. The first batch of 50 ventilators should be ready for shipment on Wednesday, while the remaining 150 will be ready shortly after, the embassy said in a statement, according to Reuters.
Russia had sent the U.S. ventilators in early April as the coronavirus pandemic took hold in New York, but the U.S. said it would not use the ventilators as the same model was linked to two fires in Russian hospitals. –Holly Ellyatt
Read CNBC’s coverage from CNBC’s Asia-Pacific and Europe teams overnight here: Russia’s cases near 300,000; Trump threatens to withdraw from WHO