Coronavirus, Stock Markets, Primary Elections: Your Tuesday Briefing

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Excellent early morning.

We’re covering the developing limits associated to the coronavirus pandemic and searching ahead to Democratic major voting in 3 states. (Ohio has postponed its election mainly because of the outbreak.)

Us residents really should cease unnecessary journey and avoid collecting in teams of additional than 10, the president reported on Monday, as he warned that the coronavirus outbreak could extend very well into the summertime.

Then there was increasing worry about the reaction from our federal government. Wall Street is not heat and fuzzy. What they genuinely want to see is numbers. And if there are not figures to perform with, then Wall Street does not know what to do. That there has not been significant screening in the United States drove the Road crazy.

Did the inventory market place occasions of last 7 days shock you?

I never ever would have predicted a collapse like we noticed final 7 days. This was the end of the bull industry, in section simply because the Federal Reserve, which has been a huge wind at the market’s back again for a decade, can’t solve it: It just cannot print adequate money to guarantee that people don’t get contaminated.

How have your sources been reacting?

They’re declaring it’s scary. People in the inventory market place commonly chat in generalities due to the fact specifics are beneficial. My work is like hoping to choose their temperature on what they assume is driving the market place, but no a person actually has any thought. It’s truly the sum of millions of people with hundreds of thousands of motivations having thousands and thousands of positions, so there is never a person reply.


Which is it for this briefing. See you next time.

— Chris


Thank you
Mark Josephson and Eleanor Stanford presented the break from the information. You can access the team at
briefing@nytimes.com.

P.S.
• We’re listening to “The Every day.” Today’s episode is about the coronavirus in Italy.
• Here’s today’s Mini Crossword, and a clue: Copper + zinc (5 letters). You can obtain all our puzzles in this article.
• Elaine Glusac, a longtime contributor to The Times’s Journey part, is our upcoming Frugal Traveler columnist.

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