Coronavirus causes historic market drop, global scramble to contain 'invisible enemy'

  • 📰 Reuters
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Coronavirus fears led to a historic drop in U.S. stocks, shut borders and disrupted daily life around the world, as governments took drastic measures to try to reduce the severity of the outbreak For the latest updates:

U.S. states pleaded with the Trump administration on Monday to coordinate a national response to the outbreak, saying patchwork measures enacted by state and local authorities were insufficient to confront the coast-to-coast emergency that has killed at least 74 Americans.

However, the United States was not yet closing its borders or mandating curfews or business closures on a national scale. EU finance ministers were planning a coordinated economic response to the virus, which the European Commission says could push the European Union into recession. In Italy, another 349 people died on Monday, taking the total to 2,158, with nearly 28,000 cases, after 368 deaths were reported on Sunday, a daily toll more dire than even China was reporting at the peak of the outbreak.

Public health experts in the United States and elsewhere are hoping the measures will help spread out the number of new cases over time so as not to overwhelm hospitals and healthcare systems as has happened in Italy.

 

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

Not 'fear' but new reality

And just a few months ago Trump said this wasn't that big of a deal.. “within a couple days [it is] going to be down to close to zero.” Trump Maybe thats why there are still people not taking this seriously and subsequently adding to the crisis unfolding.

This report seems to have been written for those that are _not_earth dwellers.A tad weird.

Get Face Mask Against Corona Virus Now, Protect Yourself From All Viruses:

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:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

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

Historic Market Plunge Amid Global Scramble To Contain 'Invisible Enemy'Despite emergency action from global central banks over the coronavirus pandemic, trillions of dollars in market value have been wiped out. ✔
Source: HuffPostWomen - 🏆 27. / 68 Read more »

Stocks Open Sharply Lower After Fed Slashes RatesU.S. stocks dropped sharply Monday morning, signaling markets continue to struggle with the concern that emergency measures won’t ward off a recession caused by the coronavirus outbreak. lol. realDonaldTrump FYI WOW!
Source: WSJ - 🏆 98. / 63 Read more »