Selasa, 10 Maret 2020

Italy May Boost Aid; Trump Promises ‘Major’ Steps: Virus Update - Bloomberg

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  1. Italy May Boost Aid; Trump Promises ‘Major’ Steps: Virus Update  Bloomberg
  2. Coronavirus pandemic: Is coronavirus a pandemic yet?  Express
  3. Threat of coronavirus pandemic 'very real': Live updates  Al Jazeera English
  4. Stocks savaged, Italy on lockdown, Trump seeks to reassure as coronavirus spreads  Reuters Canada
  5. "Black Monday": Virus Fear Wipes Off Billions Of Dollars From Markets  NDTV News
  6. View Full Coverage on Google News

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2020-03-10 14:57:04Z
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Italy May Boost Aid; Trump Promises ‘Major’ Steps: Virus Update - Bloomberg

[unable to retrieve full-text content]

  1. Italy May Boost Aid; Trump Promises ‘Major’ Steps: Virus Update  Bloomberg
  2. Threat of coronavirus pandemic 'very real': Live updates  Al Jazeera English
  3. Coronavirus pandemic: Is coronavirus a pandemic yet?  Express
  4. Stocks savaged, Italy on lockdown, Trump seeks to reassure as coronavirus spreads  Reuters Canada
  5. "Black Monday": Virus Fear Wipes Off Billions Of Dollars From Markets  NDTV News
  6. View Full Coverage on Google News

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2020-03-10 14:10:57Z
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Coronavirus brings Italy's "darkest hour," and takes a mounting toll in the U.S. - CBS News

As Italians woke up to the most severe restrictions on their every-day lives since World War II, China said it was easing virus-control measures in the province where the COVID-19 disease emerged late last year. The contrasting conditions on two of the biggest battlefronts against the virus showed its severity, and the feasibility of corralling and controlling it.

With the death toll in the U.S. at 26 and infection rates continuing to climb fast there and in other countries, the fight for most of the world was still ramping up on Tuesday.

Health experts are still clambering to turn mountains of data into a firm understanding of how the disease spreads and exactly how dangerous it is. Almost 115,000 people have caught the virus, and it's killed more than 4,000 — but more than 64,000 people have recovered. But in spite of the rising death toll and infection rate in the U.S., President Trump has continued to downplay the threat posed by the virus, repeatedly comparing it to the seasonal flu.   

The lack of clarity on the disease, any medicines to treat or prevent it, and the sometimes conflicting messages have cast a shadow of uncertainty over the world, and nothing sparks fear in financial markets like uncertainty. Monday was the worst day on Wall Street since the financial collapse in 2008, with the Dow Jones Industrial Average falling nearly 8%. While markets showed early rebounds Tuesday morning, several economic road signs were pointing to a possible coronavirus-induced recession.

Italy imposes nationwide coronavirus quarantine

In Italy, which has the largest outbreak outside China, all 60 million people were under travel restrictions, public gatherings and public sports events were cancelled, and Prime Minister Giuseppe Conte told his people to stay home. He called it Italy's "darkest hour."  

For detailed information on coronavirus prevention and treatment, visit the Centers for Disease Control website here

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2020-03-10 13:45:00Z
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As Italy locks down 60 million people over coronavirus, parts of China return to normalcy - USA TODAY

China's leader visited the epicenter of the global coronavirus epidemic Tuesday, state media reported, in a sign authorities in the country believe the threat from the illness that has stoked fears of a worldwide recession was diminishing. 

But Xi Jinping's trip to Wuhan, where he spent time speaking with patients at a hospital and encouraged medics to "firm up confidence in defeating the epidemic," came as the virus continues to spread West and a nationwide lockdown in Italy, a nation of 60 million and the world's eighth largest economy, got underway.

China recorded just 19 new cases of the virus on Tuesday, according to the Xinhua News Agency. While more than 3,000 people in China have died from the disease since its emerged in Wuhan in December, almost three-fourths of China's more than 80,000 patients have recovered. Meanwhile, 14 makeshift hospitals constructed in Wuhan to care for the sick have been closed and public places closed for weeks amid the outbreak will reopen once they have been disinfected.   

Health or a paycheck?: Workers with no paid sick leave face tough choice

In Italy, by contrast, some 9,172 people have been infected and 463 have died, according to the latest figures, and there was a growing sense the numbers would only worsen. Images and video on social media showed Italians standing in long lines at supermarkets to stock up on goods. Travel restrictions have been introduced and police and soldiers were enforcing bans on public gatherings. Schools, gyms, movie theaters and concert halls have been shuttered. "We’re only at the beginning," Dr. Massimo Galli, the head of infectious disease at Sacco Hospital in Milan, where people at the city’s main train station were required to sign forms certifying the necessity of their travel, told the Associated Press.

Italy's Prime Minister Giuseppe Conte said the lockdown would last until April 3. 

As the virus has spread exponentially in parts of northern Italy, doctors were having to make difficult decisions about who gets priority in care and access to intensive care beds. For most people, the virus causes only mild or moderate symptoms, such as fever and cough, and the vast majority of people recover. But for older adults and people with existing health problems, it can cause more severe illness, including pneumonia, and the death rate has been higher for this group.

Globally, almost 4,000 people have died from the virus and there are over 110,000 confirmed cases. Xi's trip to Wuhan was his first since the outbreak began.

Global Times, an English-language Chinese newspaper affiliated with the government, said Xi's visit to Wuhan sent a "strong signal to the entire country and the world that China is ascending out of the darkest moment amid the outbreak." Xi also visited a community in quarantine and a virus-prevention logistics hub. It was not clear if Xi only spoke to patients and medical staff while he was in  Wuhan via video link, as images of his visit circulating on social media suggest. 

Coronavirus: US deaths hit 26 as WHO warns of 'very real' pandemic threat

In recent days, opinion pieces published in Global Times have questioned whether Italy and other western nations, where personal freedoms are highly celebrated, were prepared to make the necessary sacrifices to respond to the virus.

"As the first country fully mobilized to fight the virus, China has without doubt set an example for the world to follow," wrote Shi Tian, in an article that ran on the website of the publication on Tuesday. "China's image as a responsible world power has been further strengthened, not dented."

Outbreaks worsened in Germany, France, Spain, Switzerland and other European countries. In the United States, where 26 people have died amid 750 confirmed infections, even some top political leaders were quarantined. Iran is the hardest-hit country in the Middle East. The coronavirus death toll reached 291 amid 8,042 cases there, Iran's health ministry said. The figures represented an 18% increase in deaths from the day before, and 12% more confirmed coronavirus cases.

In one particularly grim illustration of the fear the virus has caused in Iran, where there has been rampant speculation that the disease may be far more entrenched than the government has admitted, state media reported that at least 27 people in Iran have died from alcohol poisoning trying to prevent infection of the coronavirus. Amid the outbreak, false rumors and inaccurate science about how to fight the virus have flourished online. Among them was drinking alcohol. 

Q&A with former FDA chief: Coronavirus is past containment

President Donald Trump said in a tweet Tuesday that "We need the Wall more than ever!" Trump was reacting to a Twitter post from a political supporter suggesting that the U.S. could prevent the coronavirus from spreading or taking hold in the U.S. with reformed immigration and border policies, including building a physical barrier with Mexico. Virus experts and scientists at the World Health Organization and other institutions have not backed that claim. 

Italian doctors celebrated one small victory in their battle against the coronavirus after a 38-year-old man was moved out of intensive care for the first time since he tested positive for the disease on Feb. 21. The patient is considered to be the first Italian to have contracted the coronavirus, according to the AP. 

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2020-03-10 12:33:45Z
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US troops begin Afghanistan withdrawal as part of peace deal with Taliban - Fox News

American troops began withdrawing from Afghanistan on Tuesday as part of the peace deal signed in late February with the Taliban, marking what could be the beginning of the end of the United States’ longest foreign military campaign.

Sonny Leggett, the U.S. military’s spokesman in the Middle Eastern country, said in a statement that the military had begun its “conditions-based reduction of forces to 8,600 over 135 days.”

Currently, the U.S. has about 13,000 soldiers in Afghanistan — 8,000 of whom are involved in training and advising the country’s National Security Forces, while about 5,000 others are involved in anti-terror operations.

INTERNATIONAL CRIMINAL COURT GIVES GREEN LIGHT TO INVESTIGATE US FOR ALLEGED WAR CRIMES IN AFGHANISTAN

The U.S.-Taliban deal signed on Feb. 28 was touted by the Trump administration as an effort to end 18 years of war in Afghanistan. The next crucial step is set to be intra-Afghan talks, in which all factions – included the Taliban – would negotiate a road map for their country’s future.

The United States’ partial troops withdrawal over an 18-month provided for in the deal is linked to the Taliban keeping its promise to help fight terror in Afghanistan, but not to the success of talks between the Taliban and the Afghan government.

On the weekend, Taliban spokesman Zabihullah Mujahed said the insurgent group was committed to their agreement with the United States and called on Washington to do its part to make sure their prisoners were freed.

CAL THOMAS: TALIBAN 'PEACE DEAL' FRAUGHT WITH DANGER AND BEGS QUESTION - WHO WILL POLICE THE WORLD?

However, Afghan President Ashraf Ghani – who is in tug of war with his main political rival, Abdullah Abdullah, over the presidency – has been dragging his feet on releasing some 5,000 Taliban prisoners, as agreed in the U.S.-Taliban deal.

President Ghani promised Monday to announce a decree to free the prisoners, after the U.S. and a number of foreign dignitaries appeared to back him over Abdullah.

The two Afghan political rivals held dueling presidential inauguration ceremonies on Monday. Abdullah and the elections commission have charged fraud in last year’s vote.

While this political fracas has thrown the talks with the Taliban into chaos, Ghani said Tuesday that he’d start putting together a negotiating team.

US CONDUCTS AIRSTRIKES AGAINST TALIBAN DAYS AFTER SIGNING PEACE DEAL

Washington’s peace envoy Zalmay Khalilzad said in an early Tuesday tweet that he hoped the two leaders can “come to an agreement on an inclusive and broadly accepted government.”

Taliban officials said late Monday that a flurry of biometric identifications were being conducted on Taliban prisoners, hinting at a mass release, according to prisoners currently in lockup.

U.S. Secretary of State Mike Pompeo, left, shakes hands with Afghan President Ashraf Ghani, during the 56th Munich Security Conference in Munich, Germany, on Friday.

U.S. Secretary of State Mike Pompeo, left, shakes hands with Afghan President Ashraf Ghani, during the 56th Munich Security Conference in Munich, Germany, on Friday. (AP)

U.S. Secretary of State Mike Pompeo warned in a statement Monday about “any use of force to resolve political differences” between Abdullah and Ghani.

“Prioritizing an inclusive government and unified Afghanistan is paramount for the future of the country and particularly for the cause of peace,” he said.

CLICK HERE TO GET THE FOX NEWS APP

The war in Afghanistan began weeks after the September 11, 2001 attacks by al Qaeda, which at the time were based in Taliban-ruled Afghanistan. U.S.-led forces ousted the Taliban from power, though they soon regrouped.

By 2018, the Taliban were active in more than two-thirds of Afghanistan. More than 2,400 U.S. troops have been killed during the nearly two-decade conflict.

The Associated Press contributed to this report.

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2020-03-10 13:04:26Z
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After a brutal day, stock futures gain after Trump floats cuts to payroll taxes - MarketWatch

Stock-index futures jumped Tuesday, pointing to a partial rebound from Wall Street’s worst selloff since 2008.

A Tuesday rebound would not be unusual — Bespoke Investment Group strategists found that in the 10 previous times since 1952 that the S&P 500 fell 5% or more on a Monday, the index has gained the following day, by an average of 4.2%.

What are the major indexes doing?

Dow Jones Industrial Average futures YM00, +3.88% were up 1,018 points, or 4.3%, at 24,895, while S&P 500 futures ES00, +3.96% jumped 120.80 points, or 4.4%, to 2868.50. Nasdaq-100 futures NQ00, +4.08% advanced 363.50 points, or 4.%, to 8,312.25.

Thee Dow DJIA, -7.78% on Monday plunged 2,013.76 points, or 7.8%, to 23,851.02, while the S&P 500 SPX, -7.59% fell 225.81 points, or 7.6%, to end at 2,746.56, near its session low. The Nasdaq Composite Index COMP, -7.28% plunged 624.94 points, or 7.3%, to finish at 7,950.68. All three benchmarks suffered their biggest one-day percentage declines since 2008.

What’s driving the market?

Futures found support late Monday after President Donald Trump said in a White House news conference that he would seek payroll tax relief and other measures to help businesses deal with the coronavirus outbreak. Trump said he would announce more details Tuesday, and discuss “a possible payroll tax cut or relief, substantial relief, very substantial relief, that’s big, that’s a big number,” the Associated Press reported.

Monday’s stock plunge was the result of growing fears of the economic toll that the rapidly spreading COVID-19 outbreak will take, as well as a selloff in oil and shares of energy-related companies amid a crude-oil price war between Saudi Arabia and Russia.

See:Why an ‘oil shock’ sent the Dow down 2,000 points and upended global financial markets

Also read:Why U.S. shale oil producers are the real target in the Saudi-Russia price war

“The question right now is whether this recovery in risk sentiment is durable, or whether this is merely a temporary calm before the next storm. On the margin, the latter seems more likely for now,” said Marios Hadjikyriacos, investment analyst at XM, in a note.

What are other markets doing?

After plummeting 25% Monday, their worst day since the 1991 Gulf War, crude oil prices ticked up in electronic trading late Monday. West Texas Intermediate crude for April delivery CLJ20, +9.60% on the New York Mercantile Exchange rose 5.6% to $32.94 a barrel. May Brent crude BRNK20, +10.01%, the global benchmark, gained 6.7%, to $36.75.

Treasury prices also retreated lifting yields, as haven flows abated. Yields, which move in the opposite direction of price, dropped sharply on Monday, sending the 10-year note TMUBMUSD10Y, 0.688% and 30-year bond TMUBMUSD30Y, 1.180% rates to all-time lows. The 10-year yield popped 22.5 basis points to 0.724%, while the 30-year yield was 33 basis points higher to 1.253%.

Gold futures GCJ20, -0.73% slipped 0.5% at $1,668.20 an ounce late Monday.

Which stocks are in focus?

Tesla Inc. TSLA, -13.57% shares bounced nearly 11% premarket after a series of lows.

Shares of Thor Industries Inc. THO, -26.79% jumped premarket even after a hefty stock price target cut, to $75 from $95, by KeyBanc Capital analysts.

Related: Here’s how the plunging stock market could cause a recession

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2020-03-10 11:27:49Z
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Streets deserted as Italy imposes unprecedented coronavirus lockdown - Reuters

ROME (Reuters) - Italy woke up on to deserted streets in an unprecedented lockdown on Tuesday after the government extended quarantine measures across the entire country in a bid to slow Europe’s worst outbreak of the coronavirus.

The measures, announced late on Monday by Prime Minister Giuseppe Conte, widen steps already taken in the rich northern region of Lombardy and parts of neighboring provinces, clamping down on movement and closing public spaces.

“The future of Italy is in our hands. Let us all do our part, by giving up something for our collective good,” Conte said in a tweet, encouraging people to take personal responsibility.

For at least the next three weeks, people have been told to move around only for reasons of work, for health needs or emergencies or else stay at home. Anyone traveling will have to fill in a document declaring their reasons and carry it with them.

Large gatherings and outdoor events, including sports, have been banned, while bars and restaurants will have to close from 6 p.m. Schools and universities will remain closed until April 3.

“The whole of Italy is closed now,” was the headline in the Corriere della Sera newspaper.

As day broke, the streets of Rome were eerily much quieter than normal, with cars circulating freely under a clear blue sky in the normally traffic-clogged center, reflecting the atmosphere in the financial capital Milan, already under stricter controls.

Rome commuters could easily find seats in the usually jam-packed underground system during the morning rush hours.

People wearing masks in the streets of the capital was more widespread than before.

Shortly after the measures were announced, shoppers in Rome rushed to late-night supermarkets to stock up on food and basic necessities, promoting the government to declare that supplies would be guaranteed and urging people not to panic buy.

Shops are allowed to remain open as long as customers maintain a minimum distance of a meter between them.

The measures came after the latest data showed the coronavirus outbreak continuing to rise, with 9,172 positive cases recorded as of Monday and 463 deaths, the second highest-level in the world after China.

Slideshow (10 Images)

The World Health Organization has praised Italy’s “aggressive” response to the crisis, since the first cases emerged near Milan almost three weeks ago but the economic cost has been huge.

On Monday, the Milan stock exchange dropped over 11% and Italy’s borrowing costs shot up, reviving fears that an economy already on the brink of recession and struggling under the euro zone’s second-heaviest debt pile could be plunged into crisis.

Conte has already promised “massive shock therapy” to help deal with the immediate economic impact of the crisis and on Tuesday, Industry Minister Stefano Patuanelli said the government would approve measures worth around 10 billion euros.

Writing by James Mackenzie; Editing by Nick Macfie

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2020-03-10 12:00:42Z
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