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People walk on the boardwalk in Seaside Heights, New Jersey during the Memorial Day weekend holiday. (Photo by KENA BETANCUR/AFP via Getty Images)


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Here’s what you need to know about the coronavirus outbreak to navigate the markets today.

Long Island will begin to reopen on Wednesday, New York Governor Andrew Cuomo said at a Tuesday press conference. That will leave New York City as the only region of the state that has not yet begun a phase one reopening. “That’s for obvious reasons,” Gov. Cuomo said. “The number of cases has been worse in New York City.” Mayor Bill de Blasio said Tuesday that he expects the city to be ready to reopen sometime in the first two weeks of June and said the city had hired 1,700 contact tracers so far. A total of 2,500 tracing workers will be needed for New York City to meet the state’s reopening guidelines.

The number of coronavirus hospitalizations is rising because of state reopenings, the former head of the Food and Drug Administration Dr. Scott Gottlieb told CNBC Tuesday. Alabama, Georgia, Florida, Maryland, Minnesota and Virginia have each had a rise in hospitalizations after reopening, Dr. Gottlieb said. “It’s a small uptick, but it is an uptick and it’s unmistakable and it is probably a result of reopening,” he said.

The floor of the New York Stock Exchange opened Tuesday after being closed for two months. The NYSE has steadily emptied out for years as electronic trading displaced floor traders, and the historic site will be even more vacant than usual as it reopens: just a quarter of the normal number of traders will be allowed back. They’ll also be required to wear masks, avoid public transportation, sign an liability waiver and follow social distancing rules that will be partially enforced with plexiglass partitions. Visitors, who normally steadily stream through on tours of the building, aren’t allowed.

A junior minister in the U.K. government has resigned over Prime Minister Boris Johnson’s defense of advisor Dominic Cummings’ travel during the country’s lockdown, the BBC reports. Parliamentary under secretary of state for Scotland, Douglas Ross, a member of the Tory party, stepped down because, he said, Cummings’ view of government rules was “not shared by the vast majority of people.” Cummings is one of Johnson’s most trusted aides and has been under fire for driving more than 200 miles to be near his parents while his wife had symptoms of a coronavirus infection. Johnson has supported him and rejected calls for him to resign.

Write to Ben Walsh at ben.walsh@barrons.com

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