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Coronavirus update: 111,397 cases, 3,892 deaths, Italian stocks dive

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The new coronavirus outbreak is growing in Italy and there are fears about oil prices. Here's your daily update.

The rapidly growing outbreak of COVID-19 in Italy combined with worries about oil prices sent the stocks of some of Italy’s largest companies tumbling.

Over the weekend, Italian Prime Minister Giuseppe Conte signed a decree limiting community interaction for nearly five weeks in parts of Northern Italy most affected by the outbreak. Movie theaters and schools have been closed, funerals suspended, and people have to stay at least 3 feet from one another in bars and restaurants.

In the U.S., there are 564 cases and 22 deaths, now in California, Florida and Washington state. New York Gov. Andrew Cuomo on Saturday declared a state of emergency; the governors in California and Washington have also done so.

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