CNBC reports that Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee on the Trump administration's efforts to deal with the financial fallout of the pandemic. Mnuchin specifically addressed how money from the $2 trillion CARES Act was distributed to individuals and businesses and said the Treasury and Fed are "fully prepared to take losses in certain scenarios" on the remaining capital.

The World Health Organization's assembly continues for a second day as President Trump told reporters that the World Health Organization must "clean up" its act or the U.S. won't "be involved with them anymore." Trump threatened to pull support from the agency permanently Monday and started a 30-day clock for the WHO to commit to changes.

Global cases: Around 4.9 million

Global deaths: More than 323,000

Top 5 countries: United States (More than 1.5 million), Russia (299,941), Brazil (271,885), United Kingdom (250,138), Spain (232,037)