When asked how much potential payments to Americans affected by #coronavirus could be, President Donald Trump on Wednesday declined to provide specifics, saying "to be determined." #Coronavirus #Covid19 #TrumpCoronavirus
Trump also invoked the Defense Production Act, allowing the government to boost the manufacturing of masks and protective equipment. Europe surpassed China in the number of coronavirus infections.
The president also ordered a Navy hospital ship with 1,000 beds to head to New York Harbor. New York Governor Andrew Cuomo mandated that non-essential businesses have no more than half their workforce in the office.
German Chancellor Angela Merkel signaled she may be open to joint European Union debt, and bonds plunged on concern about a deluge of issuance. Financial markets continued to spasm, with U.S. stocks reversing Tuesday’s rally. Boeing Co.’s rout deepened.
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