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Gov. Gavin Newsom. Photo: Justin Sullivan / Getty Images

Nearly 40 million people in California are now required to a stay at home to curb the spread of the novel coronavirus, according to a Thursday evening order from Gov. Gavin Newsom.

Why it matters: This is the first statewide order of its kind in the U.S. since the coronavirus outbreak began.

Where it stands: Newsom announced the order late Thursday, less than an hour after Los Angeles County officials ordered people to remain at home. Multiple counties in the San Francisco Bay Area issued similar orders in recent days.

  • The order essentially mandates all California residents to remain in their homes and forces non-essential businesses to close.
  • Groceries and convenience stores, restaurants that offer delivery, gas stations, pharmacies, banks and laundromats will remain open.

What to watch: "The order is in place until further notice," per a statement.

Go deeper

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.