'US slashes interest rates as states go into lockdown – as it happened' diff viewer (1/2)

This article is from the source 'guardian' and was first published or seen on March 15, 2020 00:48 (UTC). It last changed over 40 days ago and won't be checked again for changes.

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Coronavirus latest updates: Trump tests negative as Spain orders nationwide lockdown	Coronavirus latest updates: Trump tests negative as Spain orders nationwide lockdown
2020-03-15 01:22:11 UTC	2020-03-15 01:54:10 UTC (32 minutes later)
Spanish PM’s wife tests positive; France and Israel announce partial closure of country; scientists condemn UK ‘herd immunity’ strategy. Follow live news	Spanish PM’s wife tests positive; France and Israel announce partial closure of country; scientists condemn UK ‘herd immunity’ strategy. Follow live news
	South Korea reported 76 new coronavirus cases on Sunday, bringing the country’s total to 8,162 with 75 deaths, the Korea Centers for Disease Control and Prevention said. The latest numbers are in line with a downward trend in new cases, down from the 107 recorded on Saturday.
	Mexico has registered a rise in the number of confirmed coronavirus cases to 41 – from 26 a day earlier, the Mexican health ministry said on Saturday. The country has not confirmed any deaths from the fast-spreading virus.
	The country’s 33 million students will head into earlier and longer Easter vacations at the end of next week after Education Minister Esteban Moctezuma on Saturday announced measures to help avoid the spread of the coronavirus.
	Earlier this week, governments of El Salvador, Panama and Peru all ordered short-term suspension of classes. Governments around the world, but mostly in Europe and Asia where there have been more cases, have announced similar measures.
	There’s a fairly heartbreaking video out of Italy, showing the striking increase in obituaries in daily Italian newspaper L’Eco di Bergamo. Bergamo is a city northeast of Milan.
	The video compares the obituary pages on 9 February 2020 and 13 March 2020:
	One of the world’s most respected economists, Mohamed El-Erian, has doubled down on his warnings about the scale of the economic shock resulting from the coronavirus crisis.The chief economic adviser to the insurance company Allianz has written for Bloomberg about what he calls the “huge paradigm shift for economies, institutions, and social norms and practices” now affecting the whole world.
	El-Erian, who voiced his concerns to the Guardian three days ago, goes on to say that the impact will be greater than anything experienced by most people in advanced countries – presumably meaning all those under the age of 75 who can’t remember the second world war or the 1930s depression.Here is an excerpt from his piece:
	Australia’s new national cabinet is set to meet Sunday. The country’s cases of coronavirus now stand at over 250 and the government is facing questions about the possible closure of schools and tighter border controls, Reuters reports. The government has already advised against non-essential gatherings of more than 500 people from Monday, though this does not include schools, airports or public transport.
	The national cabinet which includes federal, state and territory leaders, dubbed a “war cabinet” by the media, will hold its first meeting via teleconference on Sunday to discuss the response to the spread of the virus. The meeting is expected to canvas whether schools should be closed and whether border controls should be further tightened to contain Covid-19. “We are rightly, keeping all options on the table, whether it’s in relation to travel or whether it’s in relation to schools. The schools question will be very much guided by the medical advice,” Health Minister Greg Hunt told ABC television.
	“One of the things that they have talked about, is not moving too early on something like that.” Visitors who have been in high-risk nations are already banned from entering Australia, while New Zealand on Saturday said it would require incoming travellers, including its own citizens, to self-isolate for two weeks.
	In Australia, Nine news is reporting that a group of Australian surfers are stuck on their boat in an Indonesian port after they were prevented from disembarking due to measures in place to limit the spread of coronavirus.The men told Nine they were down to their last supplies of food and water and they had contacted the Australian government seeking assistance.Guardian Australia has asked the Department of Foreign Affairs and Trade for comment and to confirm if they are assisting.
	Morale boosting efforts deployed from balconies are catching on in Portugal, it seems. A Twitter user has alerted us to this video of people applauding for healthcare workers.
	Videos of people singing and playing instruments from their balconies in Italy have flooded social media in recent days as that country endures nationwide lockdown.
	You can find more here with the hashtag #somostodossns
US clothing brand Everlane has joined Apple, Urban Outfitters and Verizon in closing stores over coronavirus concerns.	US clothing brand Everlane has joined Apple, Urban Outfitters and Verizon in closing stores over coronavirus concerns.
“Effective tomorrow, we are closing out retail stores until March 28 and offering compensation to our retail team members during this time,” Everlane said in an email to customers.	“Effective tomorrow, we are closing out retail stores until March 28 and offering compensation to our retail team members during this time,” Everlane said in an email to customers.
Apple Inc said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission, a move that was followed by several U.S. retailers on Saturday.	Apple Inc said it is closing all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission, a move that was followed by several U.S. retailers on Saturday.
Apple’s hourly workers will continue to receive pay in alignment with business as usual operation, Cook said, and online sales will continue as usual, said CEO Tim Cook.	Apple’s hourly workers will continue to receive pay in alignment with business as usual operation, Cook said, and online sales will continue as usual, said CEO Tim Cook.
Apparel retailer Urban Outfitters Inc., which owns brands including Anthropologie and Free People, said on Saturday it was closing all of its consumer stores worldwide until at least March 28. The company also said it would continue to pay its store employees while stores are closed.	Apparel retailer Urban Outfitters Inc., which owns brands including Anthropologie and Free People, said on Saturday it was closing all of its consumer stores worldwide until at least March 28. The company also said it would continue to pay its store employees while stores are closed.
Verizon Communications Inc. said it was temporarily closing “a number of its stores” across the United States in order to expand its work from home policy to include some of its retail employees. Retailers are bracing for a blow to sales as virus-wary shoppers in Europe and the United States stay home. US retailers including Macy’s Inc, Saks Fifth Avenue and Gap Inc.’s Banana Republic sent notices to shoppers on Thursday saying they were open for business in a move to stem losses due to a steep decline in traffic.	Verizon Communications Inc. said it was temporarily closing “a number of its stores” across the United States in order to expand its work from home policy to include some of its retail employees. Retailers are bracing for a blow to sales as virus-wary shoppers in Europe and the United States stay home. US retailers including Macy’s Inc, Saks Fifth Avenue and Gap Inc.’s Banana Republic sent notices to shoppers on Thursday saying they were open for business in a move to stem losses due to a steep decline in traffic.
An update on the new cases in mainland China now, where for the second day new cases that came to China from overseas surpassed the number of locally transmitted new infections.	An update on the new cases in mainland China now, where for the second day new cases that came to China from overseas surpassed the number of locally transmitted new infections.
Mainland China had 20 new confirmed cases of coronavirus infections on March 14, up from 11 cases a day earlier. Of Saturday’s cases, 16 involved travellers entering China from overseas, it said. The remaining four cases were recorded in the city of Wuhan, where the coronavirus outbreak is believed to have first begun. Saturday also marked the tenth consecutive day where Hubei province, of which Wuhan is the capital, recorded zero new infections outside Wuhan.	Mainland China had 20 new confirmed cases of coronavirus infections on March 14, up from 11 cases a day earlier. Of Saturday’s cases, 16 involved travellers entering China from overseas, it said. The remaining four cases were recorded in the city of Wuhan, where the coronavirus outbreak is believed to have first begun. Saturday also marked the tenth consecutive day where Hubei province, of which Wuhan is the capital, recorded zero new infections outside Wuhan.
Of the 16 imported cases, 5 were found in the capital Beijing and three in Shanghai. The provinces of Zhejiang, Gansu and Guangdong respectively reported four, three and one cases. The Shanghai case involved a Chinese native who lived in the Italian city of Milan, and travelled back to China via Frankfurt on March 12, the government said. The Gansu government said one of its cases was found on a charter flight from Iran while the other two were travellers from Saudi Arabia.	Of the 16 imported cases, 5 were found in the capital Beijing and three in Shanghai. The provinces of Zhejiang, Gansu and Guangdong respectively reported four, three and one cases. The Shanghai case involved a Chinese native who lived in the Italian city of Milan, and travelled back to China via Frankfurt on March 12, the government said. The Gansu government said one of its cases was found on a charter flight from Iran while the other two were travellers from Saudi Arabia.
In the US, Georgia’s presidential primaries, which were set to take place on 24 March, have been postponed until May because of fears over the new coronavirus, state election officials announced Saturday, a day after Louisiana also pushed back its primaries, becoming the first state to postpone its presidential primaries due to the virus.	In the US, Georgia’s presidential primaries, which were set to take place on 24 March, have been postponed until May because of fears over the new coronavirus, state election officials announced Saturday, a day after Louisiana also pushed back its primaries, becoming the first state to postpone its presidential primaries due to the virus.
In addition to public safety, one of the biggest considerations was the risk the virus posed to poll workers, who are often older, election officials said.	In addition to public safety, one of the biggest considerations was the risk the virus posed to poll workers, who are often older, election officials said.
Georgia is reporting 66 confirmed cases, with most concentrated around metro Atlanta. One death in the state has been attributed to the virus.	Georgia is reporting 66 confirmed cases, with most concentrated around metro Atlanta. One death in the state has been attributed to the virus.
Staying in Australia for the moment, AAP reports that there is “slight optimism that Australian shares will have a positive start on Monday after the Futures market ended with a small gain over the weekend.”	Staying in Australia for the moment, AAP reports that there is “slight optimism that Australian shares will have a positive start on Monday after the Futures market ended with a small gain over the weekend.”
CommSec chief economist Craig James said the “amazing” turnaround in the US markets on Friday when the Dow Jones Industrial Average rose 1985 points, or 9.4% and the Futures also finished higher augured well for Monday’s opening.	CommSec chief economist Craig James said the “amazing” turnaround in the US markets on Friday when the Dow Jones Industrial Average rose 1985 points, or 9.4% and the Futures also finished higher augured well for Monday’s opening.
He said US President Donald Trump declaring a national emergency late last week over the fast-spreading coronavirus had a positive impact on the share market.	He said US President Donald Trump declaring a national emergency late last week over the fast-spreading coronavirus had a positive impact on the share market.
However, investors would react more positively if the number of people contracting coronavirus stabilised or even better, started to decline, Mr James.	However, investors would react more positively if the number of people contracting coronavirus stabilised or even better, started to decline, Mr James.
“What investors want to see is a stabilisation of the Covid19 active cases globally, but if we saw a stabilisation in Australia that would certainly be encouraging for our local market.”	“What investors want to see is a stabilisation of the Covid19 active cases globally, but if we saw a stabilisation in Australia that would certainly be encouraging for our local market.”
In Australia, eight more Covid-19 cases have been confirmed in Victoria, bringing the total number of cases in the state to 57.The new cases include six men and two women with ages ranging from theirteens to 60s. The Victorian health department wrote in a press release:	In Australia, eight more Covid-19 cases have been confirmed in Victoria, bringing the total number of cases in the state to 57.The new cases include six men and two women with ages ranging from theirteens to 60s. The Victorian health department wrote in a press release:
More on Trump’s negative result now. The White House released the test results Saturday night after Trump – a self-described germaphobe – told reporters hours earlier that he had taken the coronavirus test, following days of resisting being screened despite the fact that he had been in recent contact with three people who have tested positive for the virus, including members of the Brazilian president’s delegation who visited with him at his Florida resort, AP reports. Trump told reporters at a White House briefing on Saturday that he had his temperature taken and it was “totally normal,” shortly before stepping into the room to discuss the government’s efforts to halt the spread of the virus. The pandemic has now infected more than 2,200 people in the U.S. and caused at least 50 deaths.	More on Trump’s negative result now. The White House released the test results Saturday night after Trump – a self-described germaphobe – told reporters hours earlier that he had taken the coronavirus test, following days of resisting being screened despite the fact that he had been in recent contact with three people who have tested positive for the virus, including members of the Brazilian president’s delegation who visited with him at his Florida resort, AP reports. Trump told reporters at a White House briefing on Saturday that he had his temperature taken and it was “totally normal,” shortly before stepping into the room to discuss the government’s efforts to halt the spread of the virus. The pandemic has now infected more than 2,200 people in the U.S. and caused at least 50 deaths.
The president had multiple direct and indirect contacts with people who have since tested positive for the virus, including three people he spent time with last weekend at his Mar-a-Lago club in Florida. The president, according to two people close to the White House, had been reluctant to take the test for fear it would project weakness or worry. Trump has wanted to appear in full control during the crisis, and had expressed concerns that taking personal steps could undermine that appearance.	The president had multiple direct and indirect contacts with people who have since tested positive for the virus, including three people he spent time with last weekend at his Mar-a-Lago club in Florida. The president, according to two people close to the White House, had been reluctant to take the test for fear it would project weakness or worry. Trump has wanted to appear in full control during the crisis, and had expressed concerns that taking personal steps could undermine that appearance.
He hasn’t yet tweeted about the result.	He hasn’t yet tweeted about the result.
Just in case you missed this, Donald Trump has tested negative for coronavirus.	Just in case you missed this, Donald Trump has tested negative for coronavirus.