World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class.
U.S. stock indexes erased early gains to trade just above 1% shortly after a report said President Donald Trump will declare a national emergency over the coronavirus pandemic.
The Chinese city of Wuhan, ground zero of the coronavirus outbreak, reported just five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Brazilian President Jair Bolsonaro, who met with U.S. President Donald Trump just days ago, has tested negative for coronavirus, according to a post on his Facebook page on Friday.
Stocks across the globe bounced back on Friday after historic drops, but hopes of more central bank stimulus and government spending went only so far and the comeback lost steam in a week of pandemic panic-selling across markets.
The U.S. House of Representatives teed up a vote on Friday on a package to limit the economic fallout from the coronavirus, as Democrats who control the chamber sought common ground with U.S. Treasury Secretary Steven Mnuchin.
British Prime Minister Boris Johnson has cautioned that more families will lose their loved ones to the coronavirus but has taken a distinctly different approach to tackling the outbreak.
The coronavirus is not as bad as the seasonal flu. President Donald Trump is not worried about having had a direct exposure to the virus. The United States is in far better shape than other countries.
After all the rancor of the Democratic presidential race, front-runner Joe Biden has a chance in Sunday's debate to extend an olive branch to Bernie Sanders and his fervent supporters in a bid for party unity before the general election fight.
Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on Friday.
U.S. President Donald Trump will declare a national emergency over the fast-spreading coronavirus, opening the door to providing more federal aid to fight the disease, Bloomberg reported on Friday, citing sources.
The Federal Reserve on Friday launched a wave of $37 billion of Treasury security purchases under the enhanced market liquidity measures it announced on Thursday to address volatile conditions in the government bond market caused by the coronavirus outbreak.
House Democrats and the Trump administration are close to a deal on a coronavirus economic aid package, U.S. House Speaker Nancy Pelosi and U.S. Treasury Secretary Steven Mnuchin said on Friday, with a vote in the House of Representatives expected later in the day.
Democrats in the U.S. House of Representatives and the Trump administration are close to a deal on a coronavirus economic aid package, House Speaker Nancy Pelosi told reporters Friday morning.
The White House on Friday is convening an urgent meeting after Brazilian President Jair Bolsonaro, who met with U.S. President Donald Trump, tested positive for the coronavirus, Fox Business Network reported on Friday.
Results of the coronavirus test for the delegation that traveled with Brazilian President Jair Bolsonaro to the United States are not yet ready, his son Eduardo Bolsonaro said on Twitter on Friday.
Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of participants and the wider community was paramount.
Bulgaria closed schools and restricted travel to 14 countries on Friday to contain the spread of coronavirus after the number of confirmed cases in the Balkan country more than tripled to 23 over one day.
Romanian President Klaus Iohannis asked quarantined interim Prime Minister Ludovic Orban to form a new government on Friday that parliament could approve as early as Saturday, ending a political stalemate and focusing on the coronavirus crisis.
The U.S. Food and Drug Administration (FDA) issued emergency authorization for a faster coronavirus test made by Swiss diagnostics maker Roche and allowed New York state to authorize certain labs to test for the virus, moves aimed at boosting screening capacity to help contain the growing epidemic.
U.S. stock indexes rebounded on Friday as investors bet on another round of fiscal easing to thwart a looming global recession in the face of the coronavirus pandemic.
Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.
U.S. stock markets opened sharply higher on Friday after their worst daily selloff in more than three decades as investors hoped more fiscal easing would head off a global recession.
The threat from Iran is still high, even after the United States carried out retaliatory strikes against Iran-backed militia in Iraq blamed for killing U.S. and British forces in a rocket attack this week, a top U.S. general said on Friday.
Iraqi President Barham Salih condemned on Friday a series of overnight U.S. air strikes as a violation of national sovereignty and warned that the country could slip into chaos and become a failed state.
The Spanish health ministry said the number of coronavirus cases in the country jumped to 4,209 on Friday from Thursday's 3,004 e as the disease spread mostly in Madrid, the Basque Country and La Rioja regions.
Sudan on Friday reported its first confirmed coronavirus case, a man who died on Thursday and had visited the United Arab Emirates in the first week of March.
U.S. communities must take proportionate measures to prevent the spread of the coronavirus, the nation's top infectious disease official said on Friday as the United States sought to mitigate the impact of the illness.
Wall Street was set for a strong rebound on Friday, with the Dow on course to jump nearly 1,000 points at the open as investors hoped more fiscal easing would head off a global recession.
Iraq's military condemned overnight U.S. air strikes on Friday, saying they had killed six people and describing them as a violation of sovereignty and a targeted aggression against the nation's regular armed forces.
As global makers of household cleaners race to pitch their products as coronavirus killers, one major company, Reckitt Benckiser , may have a leg up on the competition.
Iran's security forces will empty the streets of its cities in the next 24 hours in a drive to fight the spread of the new coronavirus, state television reported on Friday.
In January, Venezuelan President Nicolas Maduro claimed a major victory: congress lawmakers elected his favored candidate as National Assembly leader, putting the increasingly authoritarian nation's last independent institution within his grasp.
The Bulgarian parliament voted unanimously on Friday to declare a state of emergency until April 13 to contain the spread of coronavirus after the number of confirmed cases in the
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Until next time,
Russ Roberts
https://www.hawaiigeopoliticalnews.com
https://hawaiiintelligencedaily.com
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Published on 09:12 GMT Armenia violates ceasefire with Azerbaijan 24 times on Feb.14 - Feb.15
15 February 2020 12:18 (UTC+04:00) 239 By Trend Over the past 24 hours, Armenian armed forces have violated the ceasefire along the line of contact between Azerbaijani and Armenian troops 24 times, Trend reports referring to the Azerbaijani Defense …
Source: Azer News
Published on 01:31 GMT Here's where to fin…
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