Five Things You Need to Know to Start Your Day

Easing lockdowns just got more difficult in Italy and France with both countries reporting the most new cases in four days. Wall Street has become even more bullish on Netflix, but not without some apprehension. And Huawei is emerging as the winner in the 5G race. Here are some of the things people in markets are talking about today.

New York Governor Andrew Cuomo reported 474 fatalities, the lowest daily rate since early April, pushing the total deaths for the state past 15,000. Italy and France both reported the most new cases in four days, complicating efforts to gradually ease containment measures. In Spain, where the daily case count was mostly steady, lawmakers extended a state of emergency to May 9. Singapore reported more than 1,000 new cases for the third day, pushing total infections past 10,000. Indonesia has extended a partial lockdown in Jakarta, while lockdowns in India are deepening economic distress there. Over in Israel, meanwhile, investors are proposing a build-it-yourself breathing machine. Around the world, the number of virus cases surpassed 2.6 million, with deaths topping 182,000. Here are the latest developments.