Written by Gary
Trump declares public health emergency (SPY -1.8%). Nasdaq closes down -1.6%.
The Market in Perspective
Here are the headlines moving the markets. | |
China chides ‘mean’ U.S. for travel warning as virus impact spreadsThe United States angered China on Friday with a warning to Americans not to travel there because of a coronavirus epidemic that has rattled the global economy with increasing disruption to business supply lines. | |
Iraq’s Basra airport to deny entry to travellers from China and Chinese citizens over coronavirus – state news agencyIraq’s Basra International Airport will deny entry to passengers of any nationality travelling to Iraq from China, the state news agency reported on Friday amid fears from the coronavirus outbreak. | |
U.S. declares coronavirus a public health emergencyThe Trump administration on Friday declared a public health emergency over the coronavirus outbreak and said it would bar entry to the United States starting on Sunday of foreign nationals who have traveled to China. | |
Germany confirms seventh coronavirus caseGermany on Friday confirmed a seventh case of coronavirus, identifying the victim as a man who works at a company in Bavaria where five other workers had earlier tested positive. | |
Pilots, flight attendants demand flights to China stop as virus fear mounts worldwidePilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking an immediate halt. | |
Deere temporarily closes its facilities in China because of coronavirusDeere & Co. on Friday said it has decided to close its facilities in China because of the outbreak of a coronavirus outbreak until the company determines it appropriate to reopen. | |
Global shares slump on China virus economic concerns, gold gainsGlobal equity markets headed toward their first monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc. | |
Man who works at coronavirus-hit firm is Germany’s seventh caseGermany on Friday confirmed a seventh case of coronavirus, identifying the victim as a man who works at a company in Bavaria where five other workers had earlier tested positive. | |
Major U.S. airlines cancel China flights as government takes actionAll three major U.S. airlines announced the cancellation of flights to mainland China on Friday after the U.S. State Department elevated a travel advisory over concerns about the coronavirus. | |
Pandemic-onium Sparks Global Market Meltdown, Bonds Soar Most In 5 YearsPandemic-onium Sparks Global Market Meltdown, Bonds Soar Most In 5 Years After months of cool, calm, and collected risk-on rallies, January saw traders shit the bed as BTFD strategies faltered across every asset-class… …as The Fed balance sheet stopped expanding… | |
President Trump Bars Foreigners Who Traveled To Virus-Plagued Hubei, Says Citizens May Be QuarantinedPresident Trump Bars Foreigners Who Traveled To Virus-Plagued Hubei, Says Citizens May Be Quarantined Summary: New York Post reports first Coronavirus case in Queen, but NYC health spokesman denies. Confirmed cases worldwide rise to 9,928 from 7,700 a day earlier, with 213 fatalities. UK Researchers suggests 75,800 infected in Wuhan Impact of virus “not fully reflected” in rigged China PMI number Goldman disagrees with Ross, says virus blowback will wipe 0.4% off US GDP growth ‘The U.K. health department confirmed two cases of coronavirus in England on Friday, while the U.S. and Japan advised citizens to avoid traveling to China. UK confirms first two coronavirus cases after multiple scares Hong Kong schools shuttered until March 2 Singapore closes borders to Chinese travelers, first southeast Asian nation to do so. More than 43 airlines cancel flights to China France successfully evacuates citizens 1,000 suspected virus cases ‘under observation’ in India Confirmed cases near 10,000 as Russia confirms 2 JPM cuts global growth forecast United and Delta allow pilots to decline trips Delta expands China cancellations through April; American also suspends flights CDC quarantines Americans Canada announces fourth case CDC c … | |
US Declares Public Health Emergency, Travelers Returning From Hubei To Be QuarantinedUS Declares Public Health Emergency, Travelers Returning From Hubei To Be Quarantined Anyone who expected Trump’s task force to give algos the all clear to BTFD, will be disappointed because moments ago Trump’s coronavirus tzar, Alex Azar said the US is declaring a public health emergency, US citizens returning from Hubei will be quarantined for 14 days and all flights coming from China will be funneled to 7 airports: U.S. DECLARES PUBLIC HEALTH EMERGENCY ON CORONAVIRUS: AZAR TRUMP HAS ORDERED TEMPORARY SUSPENSION OF ENTRY TO PEOPLE WHO POSE A RISK OF TRANSMITTING NEWLY IDENTIFIED CORONAVIRUS: AZAR U.S. IMPLEMENTS TEMPORARY MEASURES ON VIRUS: AZAR U.S. CITIZENS RETURNING FROM HUBEI TO BE QUARANTINED FLIGHTS FROM CHINA TO U.S. TO BE FUNNELED TO 7 AIRPORTS
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Weinstein Rape Trial Gets Graphic As Accuser Describes Penile Injection, Depraved ActsWeinstein Rape Trial Gets Graphic As Accuser Describes Penile Injection, Depraved Acts Harvey Weinstein’s rape trial got graphic on Friday after aspiring actress and hairdresser, Jessica Mann, described a degrading sexual encounter in which she testified that the disgraced movie mogul used a penis injection before raping her, according to The Wrap. | |
What’s inside FM’s ‘bahi-khata’? All eyes on Budget todayWhat’s inside FM’s ‘bahi-khata’? All eyes on Budget todayFM is expected to pull out all stops to spur demand and investment, govt sources and economists said. | |
Budget: It’s time to bite the bullet on taxBudget: It’s time to bite the bullet on taxThere has been a clear lack of policy focus to do enough on boosting private consumption in the economy. | |
How to fix the unease in ease of doing bizHow to fix the unease in ease of doing bizIndia has jumped from 142 in 2014 to 63 in 2019 on the index but further improvement needs a targeted approach. | |
Documentary Of The Week: The Complexity Of Human EvolutionWritten by John Lounsbury Studies of ancient DNA have significantly changed the extent of our knowledge about human evolution. Although the establishment of homo sapiens (modern humans) as a distinct species occurred approximately 500,000 years ago, the archaeological record is very spotty for the first 200,000 -300,000 years. It is only from DNA evidence that we have determined this age of origin. | |
The U.S. economy would be better off if more senior citizens had jobsThe U.S. economy loses $850 billion a year ” because of age discrimination | |
Capitol Report: Democratic Party set to include Michael Bloomberg in debates with change to qualifying requirementsThe Democratic Party’s governing body says Friday that its presidential contenders won’t have to attract a set number of donors in order to qualify for the Feb. 19 debate in Nevada, in a move that helps billionaire Michael Bloomberg. | |
How Facebook and Twitter could make the spread of the coronavirus worseEroding trust in public institutions and the rapid spread of misinformation will make health officials’ jobs more difficult. |
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