This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.nytimes.com/2020/03/11/business/stock-market-today.html

The article has changed 42 times. There is an RSS feed of changes available.

Version 34 Version 35
Stocks Plunge, With Dow in Bear Market: Live Updates Stocks Plunge, With Dow in Bear Market: Live Updates
(about 13 hours later)
This briefing is no longer updating. Read the latest developments here.This briefing is no longer updating. Read the latest developments here.
Stocks plunged on Wednesday, with the Dow Jones industrial average falling into a bear market, in a drop that reflected investors’ fear that Washington won’t be able to muster a response to the economic crisis triggered by the spreading coronavirus.Stocks plunged on Wednesday, with the Dow Jones industrial average falling into a bear market, in a drop that reflected investors’ fear that Washington won’t be able to muster a response to the economic crisis triggered by the spreading coronavirus.
A bear market begins when stocks have fallen 20 percent from their high. Though it’s a somewhat arbitrary threshold, in financial markets the designation acknowledges what many investors are surely feeling — that fear-based trading in the stock market may not end soon.A bear market begins when stocks have fallen 20 percent from their high. Though it’s a somewhat arbitrary threshold, in financial markets the designation acknowledges what many investors are surely feeling — that fear-based trading in the stock market may not end soon.
The last time stocks in the United States were in a bear market was during the height of the financial crisis, more than a decade ago.The last time stocks in the United States were in a bear market was during the height of the financial crisis, more than a decade ago.
The S&P 500 fell nearly 5 percent on Wednesday, while the Dow dropped nearly 6 percent. From its February high, the S&P 500 is down 19 percent, while the Dow is down 20 percent.The S&P 500 fell nearly 5 percent on Wednesday, while the Dow dropped nearly 6 percent. From its February high, the S&P 500 is down 19 percent, while the Dow is down 20 percent.
Asian markets followed Wall Street lower on Thursday, with losses steepening after President Trump suspended travel from Europe to the United States for 30 days.Asian markets followed Wall Street lower on Thursday, with losses steepening after President Trump suspended travel from Europe to the United States for 30 days.
Shares in Tokyo fell nearly 4 percent, and Hong Kong opened 3.3 percent lower. Losses in Australia also accelerated, and its main stock index was down nearly 5 percent by midday there.Shares in Tokyo fell nearly 4 percent, and Hong Kong opened 3.3 percent lower. Losses in Australia also accelerated, and its main stock index was down nearly 5 percent by midday there.
Drooping crude oil prices also worsened. Futures tracking West Texas Intermediate, the American crude benchmark, were down 5 percent to about $31.30 a barrel.Drooping crude oil prices also worsened. Futures tracking West Texas Intermediate, the American crude benchmark, were down 5 percent to about $31.30 a barrel.
Treasury bond prices rose, sending yields lower. Futures markets were predicting a sharp drop on Wall Street on Thursday morning.Treasury bond prices rose, sending yields lower. Futures markets were predicting a sharp drop on Wall Street on Thursday morning.
Stocks have whipsawed this week as investors vacillated between the threat that the coronavirus poses to the global economy and the hopes that governments around the world will unveil a series of measures to help businesses. On Wednesday, World Health Organization officials officially designated the spread of the coronavirus as a global pandemic.Stocks have whipsawed this week as investors vacillated between the threat that the coronavirus poses to the global economy and the hopes that governments around the world will unveil a series of measures to help businesses. On Wednesday, World Health Organization officials officially designated the spread of the coronavirus as a global pandemic.
President Trump has signaled he would consider ways to stimulate the economy, and lawmakers and administration officials spent the day Wednesday outlining their possible steps. Options include cutting payroll taxes and extending the American tax filing deadline past April 15. But so far, the White House has not announced any specific measures, and most experts say a payroll tax cut is not an effective way to combat the problems facing the economy.President Trump has signaled he would consider ways to stimulate the economy, and lawmakers and administration officials spent the day Wednesday outlining their possible steps. Options include cutting payroll taxes and extending the American tax filing deadline past April 15. But so far, the White House has not announced any specific measures, and most experts say a payroll tax cut is not an effective way to combat the problems facing the economy.
“What we’ve seen over the past 36 hours is hope for something from a fiscal policy perspective and then this sense that it’s not going to come, or it’s not thought out, so I think that’s the disappointment right now,” said William Delwiche, an investment strategist at Baird, an investment banking and money-management firm based in Milwaukee.“What we’ve seen over the past 36 hours is hope for something from a fiscal policy perspective and then this sense that it’s not going to come, or it’s not thought out, so I think that’s the disappointment right now,” said William Delwiche, an investment strategist at Baird, an investment banking and money-management firm based in Milwaukee.
That the virus is unlikely to prove fatal to the vast majority of people who get it offers little comfort to financial markets. Rather, the worry is that efforts to contain the spread of the illness caused by the virus are certain to slow the global economy and corporate profits.That the virus is unlikely to prove fatal to the vast majority of people who get it offers little comfort to financial markets. Rather, the worry is that efforts to contain the spread of the illness caused by the virus are certain to slow the global economy and corporate profits.
The worst-performing stocks on Wednesday cut across industries, reflecting how broad the concern among investors was.The worst-performing stocks on Wednesday cut across industries, reflecting how broad the concern among investors was.
With oil falling again, energy stocks like Apache Corporation and Occidental Petroleum led the slide in the S&P 500. Apache fell about 24 percent, while Occidental fell 18 percent.With oil falling again, energy stocks like Apache Corporation and Occidental Petroleum led the slide in the S&P 500. Apache fell about 24 percent, while Occidental fell 18 percent.
Boeing tumbled 18 percent, the biggest drop among components of the Dow Jones industrial average. A person with knowledge of the matter said the carrier planned to drawdown a $13.8 billion credit line to shore up its cash position in the face of uncertainty over the coronavirus outbreak. Boeing also reported that it had lost more orders for its grounded 737 Max.Boeing tumbled 18 percent, the biggest drop among components of the Dow Jones industrial average. A person with knowledge of the matter said the carrier planned to drawdown a $13.8 billion credit line to shore up its cash position in the face of uncertainty over the coronavirus outbreak. Boeing also reported that it had lost more orders for its grounded 737 Max.
Boeing’s top executives said in a letter to employees that the company was facing a “global economic disruption” caused by the outbreak. As a result, the company is limiting travel and discretionary spending, restricting overtime and freezing hiring until further notice, they said.Boeing’s top executives said in a letter to employees that the company was facing a “global economic disruption” caused by the outbreak. As a result, the company is limiting travel and discretionary spending, restricting overtime and freezing hiring until further notice, they said.
And companies dependent on travel and tourism continued to fall. Norwegian Cruise Line fell 27 percent, and MGM Resorts fell 13 percent. Earlier Wednesday, the Global Business Travel Association said the coronavirus epidemic stood to wipe out more than $820 billion in spending on global business travel.And companies dependent on travel and tourism continued to fall. Norwegian Cruise Line fell 27 percent, and MGM Resorts fell 13 percent. Earlier Wednesday, the Global Business Travel Association said the coronavirus epidemic stood to wipe out more than $820 billion in spending on global business travel.
Top Wall Street executives, summoned to a Wednesday meeting with President Trump, said that the banking system was strong and that the current market turmoil was not akin to the 2008 financial crisis.Top Wall Street executives, summoned to a Wednesday meeting with President Trump, said that the banking system was strong and that the current market turmoil was not akin to the 2008 financial crisis.
“This is not a financial crisis,” Citigroup’s chief executive, Michael L. Corbat, told the president. “The banks and financial system are in sound shape and the banks are here to help.”“This is not a financial crisis,” Citigroup’s chief executive, Michael L. Corbat, told the president. “The banks and financial system are in sound shape and the banks are here to help.”
The Bank of America chief executive, Brian Moynihan, agreed, saying: “We’re very strongly capitalized. We are in a great position.”The Bank of America chief executive, Brian Moynihan, agreed, saying: “We’re very strongly capitalized. We are in a great position.”
Mr. Trump appeared to lament the end of the bull market. He referred to last week’s jobs numbers as strong and said additional numbers coming in suggested the economy was still running smoothly.Mr. Trump appeared to lament the end of the bull market. He referred to last week’s jobs numbers as strong and said additional numbers coming in suggested the economy was still running smoothly.
“Now we’re hitting a patch,” he said. “And we’re going to have to do something with response to this virus.”“Now we’re hitting a patch,” he said. “And we’re going to have to do something with response to this virus.”
Coronavirus concerns have had a drastic effect on Amtrak, causing the railroad to reduce service and ask employees to take unpaid leaves, according to an internal memo from the railroad’s chief operating officer, Stephen J. Gardner.Coronavirus concerns have had a drastic effect on Amtrak, causing the railroad to reduce service and ask employees to take unpaid leaves, according to an internal memo from the railroad’s chief operating officer, Stephen J. Gardner.
“Ridership and revenue have declined sharply over the past few weeks,” Mr. Gardner wrote, adding that the reductions had “accelerated in recent days and will likely continue for some time.”“Ridership and revenue have declined sharply over the past few weeks,” Mr. Gardner wrote, adding that the reductions had “accelerated in recent days and will likely continue for some time.”
Bookings were down 50 percent from last year and cancellations were up 300 percent, he wrote.Bookings were down 50 percent from last year and cancellations were up 300 percent, he wrote.
“At this rate,” Mr. Gardner wrote, “we believe we will likely suffer the loss of several hundred millions dollars in revenue during this fiscal year, and we might lose more.”“At this rate,” Mr. Gardner wrote, “we believe we will likely suffer the loss of several hundred millions dollars in revenue during this fiscal year, and we might lose more.”
Updated June 16, 2020Updated June 16, 2020
The steroid, dexamethasone, is the first treatment shown to reduce mortality in severely ill patients, according to scientists in Britain. The drug appears to reduce inflammation caused by the immune system, protecting the tissues. In the study, dexamethasone reduced deaths of patients on ventilators by one-third, and deaths of patients on oxygen by one-fifth.
The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave.The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave.
So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.
Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.
A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.
The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.
Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.
States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.
Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.
If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)
Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications.
The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.
If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.
If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.
The blow to Amtrak’s business came as its financial performance had been improving and its executives had expected to report its first operating profit this year. Amtrak, which owns and operates Pennsylvania Station in Manhattan, had already suspended three daily nonstop trains between New York and Washington.The blow to Amtrak’s business came as its financial performance had been improving and its executives had expected to report its first operating profit this year. Amtrak, which owns and operates Pennsylvania Station in Manhattan, had already suspended three daily nonstop trains between New York and Washington.
The Federal Reserve Bank of New York on Wednesday expanded the size of its so-called repurchase operations, which are essentially short-term loans to eligible banks. The New York Fed has been carrying out market interventions since October to keep money flowing smoothly between banks and other financial institutions.The Federal Reserve Bank of New York on Wednesday expanded the size of its so-called repurchase operations, which are essentially short-term loans to eligible banks. The New York Fed has been carrying out market interventions since October to keep money flowing smoothly between banks and other financial institutions.
Starting Thursday and continuing through April 13, the Fed will offer at least $175 billion in daily overnight repo operations — up from $150 billion — and at least $45 billion in two-week repo operations twice a week, according to the statement.Starting Thursday and continuing through April 13, the Fed will offer at least $175 billion in daily overnight repo operations — up from $150 billion — and at least $45 billion in two-week repo operations twice a week, according to the statement.
The Fed will also offer three one-month repo operations of at least $50 billion.The Fed will also offer three one-month repo operations of at least $50 billion.
“These operations are intended to ensure that the supply of reserves remains ample and to mitigate the risk of money market pressures,” the New York Fed said in a statement.“These operations are intended to ensure that the supply of reserves remains ample and to mitigate the risk of money market pressures,” the New York Fed said in a statement.
It was the second time this week that the Fed ramped up its offering of repurchase agreements and came as investors are increasingly concerned about proper functioning of the financial system. Some economists are expecting the Fed to do more in the coming week, like mobilizing swap agreements that help foreign central banks keep dollar funding flowing in their economies or announcing an extension to the Fed’s Treasury bill purchase program.It was the second time this week that the Fed ramped up its offering of repurchase agreements and came as investors are increasingly concerned about proper functioning of the financial system. Some economists are expecting the Fed to do more in the coming week, like mobilizing swap agreements that help foreign central banks keep dollar funding flowing in their economies or announcing an extension to the Fed’s Treasury bill purchase program.
The spread of the coronavirus, along with the tumult it is stirring in financial markets, has begun to drag on consumer confidence, according to a nationwide poll conducted by the online research firm SurveyMonkey for The New York Times.The spread of the coronavirus, along with the tumult it is stirring in financial markets, has begun to drag on consumer confidence, according to a nationwide poll conducted by the online research firm SurveyMonkey for The New York Times.
The poll found the largest single-month drop in confidence since President Trump took office, driven by rising concern about the nation’s economic outlook. The decline was evident among Republicans, Democrats and independent voters alike.The poll found the largest single-month drop in confidence since President Trump took office, driven by rising concern about the nation’s economic outlook. The decline was evident among Republicans, Democrats and independent voters alike.
Still, more people (39 percent) expected very good or somewhat good business conditions in the coming year than those who expected very bad or somewhat bad conditions (22 percent).Still, more people (39 percent) expected very good or somewhat good business conditions in the coming year than those who expected very bad or somewhat bad conditions (22 percent).
The polling was begun last week and completed on Sunday, so it does not reflect any further impact from this week’s market upheaval.The polling was begun last week and completed on Sunday, so it does not reflect any further impact from this week’s market upheaval.
High consumer confidence has buoyed Mr. Trump’s presidency. But Mr. Trump’s performance rating in the survey slipped this month, with 51 percent of respondents registering disapproval — including 40 percent who disapproved strongly of how he was handling the job.High consumer confidence has buoyed Mr. Trump’s presidency. But Mr. Trump’s performance rating in the survey slipped this month, with 51 percent of respondents registering disapproval — including 40 percent who disapproved strongly of how he was handling the job.
The actor Tom Hanks said on Wednesday that he and his wife, Rita Wilson, learned they had the coronavirus. The 63-year-old Academy Award-winning actor is in Australia, where he was set to film a movie about the life of Elvis Presley.The actor Tom Hanks said on Wednesday that he and his wife, Rita Wilson, learned they had the coronavirus. The 63-year-old Academy Award-winning actor is in Australia, where he was set to film a movie about the life of Elvis Presley.
Trump administration officials met on Wednesday with Facebook, Google, Amazon, Twitter and others about how they could help the efforts to stem the spread of the coronavirus. Officials told the companies that the government would soon launch a research database and asked them to develop tools that could help researchers delve into the data.Trump administration officials met on Wednesday with Facebook, Google, Amazon, Twitter and others about how they could help the efforts to stem the spread of the coronavirus. Officials told the companies that the government would soon launch a research database and asked them to develop tools that could help researchers delve into the data.
The Federal Aviation Administration said on Wednesday that it would allow airlines to run fewer flights without running the risk of losing their coveted slots at some busy airports.The Federal Aviation Administration said on Wednesday that it would allow airlines to run fewer flights without running the risk of losing their coveted slots at some busy airports.
Reporting was contributed by Peter Goodman, Alan Rappeport, Ben Casselman, Alexandra Stevenson, Ben Dooley, Niraj Chokshi, Patrick McGeehan, Kevin Granville, Jeanna Smialek, Carlos Tejada, Jim Tankersley, Matthew Goldstein, Jack Ewing, John Koblin and Marc Tracy.Reporting was contributed by Peter Goodman, Alan Rappeport, Ben Casselman, Alexandra Stevenson, Ben Dooley, Niraj Chokshi, Patrick McGeehan, Kevin Granville, Jeanna Smialek, Carlos Tejada, Jim Tankersley, Matthew Goldstein, Jack Ewing, John Koblin and Marc Tracy.