Editor's Note: Here are the latest key updates you may have missed over the past weekend relating to the novel coronavirus (COVID-19) as of April 6, 2020. 
(Source: Statista)[/caption] The Democratic National Convention, originally set to start on July 13, has been moved to August. The convention will still take place in Milwaukee. According to a recent survey by Next Insurance, nearly 60% of small-business owners say they are experiencing losses related to the coronavirus and more than 50% say they are expecting layoffs or plan to close. Friday, April 3, was the deadliest day in the U.S. with 1,161 coronavirus deaths nationwide. On Monday (April 6), the U.S. Surgeon General Jerome M. Adams warned that this week is expected to be "the hardest and saddest week of most Americans' lives." On Monday, JPMorgan Chase CEO Jamie Dimon said in a shareholders letter that he expects a bad recession is ahead as a result of the coronavirus. "We don't know exactly what the future will hold — but at a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008," he said in the letter. 
(Source: Statista)[/caption] The United States, Spain (124,736), Italy (124,632), Germany (91,714), and China (83,005) have the most reported coronavirus cases globally. Several European countries reported a slowdown in coronavirus cases and deaths over the weekend. Spain reported the lowest number of new coronavirus cases since March 22, while deaths in the U.K. slowed for the second consecutive day on Monday. Germany announced a "limitless" aide program for small- and mid-sized businesses suffering from coronavirus business slowdowns. Loans of up to 800,000 euros ($862,000) will be available to help businesses cover bills and business costs. Japan's Prime Minister Shinzo Abe announced a 108 trillion yen ($989 billion) stimulus package to aide the economy hit by the coronavirus. The package is the largest ever in Japan's history. Between March 16 and March 25, 1.55 million Canadians applied for jobless benefits, according to a senior government official. Austria will begin reopening its economy next week, easing lockdown restrictions with some business reopening doors within the next several days. Related: Coronavirus update: Tri-state travel warnings, CARES Act and more
In the US.
According to the CDC (as of April 6, 2020):
- Total U.S. cases: 330,891
- Total U.S. deaths: 8,910
- The total number of areas affected: 50 states, District of Columbia, Puerto Rico, Guam, Northern Marianas, and U.S. Virgin Islands
(Source: Statista)[/caption] The Democratic National Convention, originally set to start on July 13, has been moved to August. The convention will still take place in Milwaukee. According to a recent survey by Next Insurance, nearly 60% of small-business owners say they are experiencing losses related to the coronavirus and more than 50% say they are expecting layoffs or plan to close. Friday, April 3, was the deadliest day in the U.S. with 1,161 coronavirus deaths nationwide. On Monday (April 6), the U.S. Surgeon General Jerome M. Adams warned that this week is expected to be "the hardest and saddest week of most Americans' lives." On Monday, JPMorgan Chase CEO Jamie Dimon said in a shareholders letter that he expects a bad recession is ahead as a result of the coronavirus. "We don't know exactly what the future will hold — but at a minimum, we assume that it will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008," he said in the letter. Around the world
According to the World Health Organization (as of April 6, 2020):
- Total cases globally: 1.17 million
- Total deaths globally: 64,541
(Source: Statista)[/caption] The United States, Spain (124,736), Italy (124,632), Germany (91,714), and China (83,005) have the most reported coronavirus cases globally. Several European countries reported a slowdown in coronavirus cases and deaths over the weekend. Spain reported the lowest number of new coronavirus cases since March 22, while deaths in the U.K. slowed for the second consecutive day on Monday. Germany announced a "limitless" aide program for small- and mid-sized businesses suffering from coronavirus business slowdowns. Loans of up to 800,000 euros ($862,000) will be available to help businesses cover bills and business costs. Japan's Prime Minister Shinzo Abe announced a 108 trillion yen ($989 billion) stimulus package to aide the economy hit by the coronavirus. The package is the largest ever in Japan's history. Between March 16 and March 25, 1.55 million Canadians applied for jobless benefits, according to a senior government official. Austria will begin reopening its economy next week, easing lockdown restrictions with some business reopening doors within the next several days. Related: Coronavirus update: Tri-state travel warnings, CARES Act and more Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
