Coronavirus Update: NYSE Trading Floors to Close; Europe Passes China

Date: 2020-03-19 00:55:15

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President Donald Trump invoked the Defense Production Act, allowing the government to boost manufacturing of masks and protective equipment. Europe surpassed China in the number of coronavirus infections. #Coronavirus #Covid19 #CoronavirusPandemic

The president also ordered a Navy hospital ship with 1,000 beds to head to New York Harbor. New York Governor Andrew Cuomo mandated that non-essential businesses have no more than half their workforce in the office. Schools in England will close.

German Chancellor Angela Merkel signaled she may be open to joint European Union debt. Financial markets spasmed, sending U.S. stocks down to 2018 levels and Bloomberg’s dollar index to a record.

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