Coronavirus brings stock market its worst day since 1987

  • 📰 latimes
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 82%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Concern about coronavirus, and the Trump administration's reaction to it, sent markets sliding to their worst day in more than three decades.

The Los Angeles Times will provide around-the-clock updates on COVID-19 from across Southern California and around the world. We are committed to keeping you informed with the latest news about the outbreak, the best ways to protect yourself and your family, and what you need to know to plan ahead — without fueling hysteria or panic. Tell us how we’re doing and send us your questions here. You also can sign up for our newsletter.

Trump reiterated his proposal to suspend the payroll tax even as key members of Congress remained skeptical about its multi-billion-dollar cost and scant prospects of turning things around quickly.For an employee making $25,000 a year, the deduction hiatus would leave an extra $60 in take-home pay every two weeks.

New victims include the ushers, ticket takers, janitors and food service workers in Southern California sports venues, including Dodger Stadium, Angel Stadium, Staples Center, Banc of California Stadium, Dignity Health Sports Park and Honda Center. Major League Baseball pushed back the season opener by at least two weeks, while the National Basketball Assn., the National Hockey League and Major League Soccer suspended their games indefinitely.

“I am concerned that this is more far-reaching than 9/11,” said Lori Bassani, president of the union that represents American Airlines flight attendants. After those attacks two decades ago, flights were halted nationwide for three days. Americans’ reluctance to fly lasted months. The drop in demand resulted in heavy losses to airlines.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to watch today: Dow bounces after stocks worst day since 1987 and coronavirus cancellationsWhat to watch today: Dow to bounce, stocks worst day since 1987 and coronavirus cancellations Just so everyone know - American Airlines is price gouging those of us who had to bring loved ones home from Europe in a hurry
Source: CNBC - 🏆 12. / 72 Read more »

Dow plummets most since 1987 as Trump stimulus plan fails to materialize - Business InsiderThe Federal Reserve announced it will inject $1.5 trillion of capital into markets this week, but that wasn't enough to save stocks. 45 does not lead when we need it in the stock market but he is happy to gift welfare for stock buybacks? Trump and CONGRESS remember what their role is.... Stop the blame politics and dividing in this crisis. We have a government - he’s not King. It’s so demoralizing watching media carry out a get POTUS at all costs agenda. What happens to journalism? Why this pic as the thumbnail tho... :')
Source: BusinessInsider - 🏆 729. / 51 Read more »