Historic Market Plunge Amid Global Scramble To Contain 'Invisible Enemy'

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Despite emergency action from global central banks, trillions of dollars in market value have been wiped out.

March 16 - Coronavirus fears led to a historic drop in U.S. stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the global outbreak.

Canada, Chile and other countries closed their borders to visitors. Peru deployed masked military personnel to block major roads, while Ireland launched a campaign to recruit more healthcare workers. Airlines slashed flights, shed jobs and asked governments for billions of dollars in loans and grants.

A few hours later, President Donald Trump urged Americans to halt most social activities for 15 days and not congregate in groups larger than 10 people in a newly aggressive effort to reduce the spread of the coronavirus.

 

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Stock market news live: Stocks plunge, trigger circuit breaker after Fed unveils emergency stimulusMarkets are in for another rollercoaster week, as policymakers continue to ramp up their response to the global coronavirus outbreak. Fed: The biggest stock market drop ever by any president something to put on trump's portfolio
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Opinion: Forget 2008, this stock market sell-off is 2001 all over again'We will all need to be patient and hunker down. This will eventually end, and life will return to something resembling normal. So will the economy and stock market,' writes CNN's LaMonicaBuzz LaMonicaBuzz Going back to 'normal' is what worries me. Normal got us here. No healthcare, corporations controlling the world, billionaires deciding who lives and who dies. LaMonicaBuzz Lots of bots on this thread. Putin must have gone all out because of the election. LaMonicaBuzz Normal for us minnions
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Op-Ed: Coronavirus is restricting market efficiency — We need a two-week trading holidayCNBC's Julianna Tatelbaum argues why it's time that stock markets were shut for two weeks to allow the business community to adjust to the new reality brought on by the coronavirus. Agreed. Much needed at these times. COVID2019 super bad idea.... Translation: We are long, caught out and the market crash is making us look stupid.
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Online Classes And A Shaky Job Market: College Students Face Uncertain FuturesStudents worry about how losing the rest of the semester on campus will affect their professional plans and educational opportunities.
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Yen ticks down in choppy market, sentiment still fragileThe safe-haven Japanese yen ticked down and some risk currencies won a brief rep... Looks like they're ready to put that bill to good use...
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Stock market news today: Dow sinks as Fed actions fail to calm nerves - Business InsiderUS stock trading was halted within minutes after sharp selling at the open. Sharp losses persisted after trading resumed. Me: *waiting for realDonaldTrump tweet taking credit for it It will go to 0 They should probably put money into healthcare, hospital beds, supplies you know stuff to help people.
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