United States passes China in counting Coronavirus cases

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The number of confirmed coronavirus cases in the United States Thursday exceeded those reported in China, as infections continued to rise in New York and hot spots grew in Louisiana and Michigan.

Data collected by Johns Hopkins University researchers showed the United States with 82,404 confirmed cases as of Thursday afternoon versus 81,782 in China.

The United States has reported 1,178 deaths from Covid-19, the disease caused by coronavirus. China has seen 3,291 dead. The United States has seen over 1.5 times more deaths per capita than China, according to data from Johns Hopkins.

About a quarter of the deaths in the United States occurred in New York. Other hot spots have developed in recent days in New Orleans, Louisiana, Detroit, Michigan and Georgia, and the surrounding area, where at least 32 deaths have been reported.

A U.S. Navy hospital ship is dispatched to New York City this weekend to help health facilities besieged in the city, President Trump said during a White House briefing.

US equities rose on Thursday, shaking off a 3.3 million jump in unemployment claims as investors welcomed signs that the bailout law will pass to the House of Representatives. Stocks saw their fastest drop from new highs to support market territory (down by at least 20%) since mid-February.

Unemployment has grown in the past few days, due to the abrupt halt of most business in the United States under house orders which are keeping tens of millions of Americans out of shops and offices.

Trump also signaled interest in supporting the cruise industry, although most ships are registered outside the United States. The sector’s status under the Senate-approved coronavirus rescue law late Wednesday remains unclear.

. (TagsToTranslate) Investment