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Coronavirus latest updates: US stocks suffer biggest one-day fall, Australian market dives

Coronavirus latest updates: US stocks suffer biggest one-day fall, Australian



Ireland and Netherlands report first cases as US officials monitor thousands getting off domestic flights for symptoms. Follow live newsCoronavirus fears trigger biggest one-day fall on US stock marketMike Pence ‘not up to task’ of leading US coronavirus response, say expertsWhat are super-spreaders and how are they transmitting coronavirus?UK schools and offices could close for up to two months 12.36am GMT The National Health Authority has released its infection figures for Thursday.Of the 327 new confirmed cases of the virus, 318 were in the province of Hubei – the epicentre of the outbreak. 12.23am GMT In more Donald Trump news, the president called the press pool for an unscheduled event, shortly after the Dow Jones index suffered its biggest points fall in history amid coronavirus fears. The president planned to discuss his “success in empowering members of the African-American community”, and included guests such as conservative commentator Candace Owens and media personalities Diamond and Silk.The event turned into an impromptu press conference, and Trump started to talk about coronavirus.Trump is now touting his response on the Coronavirus, namely restricting flights from China four weeks ago.

“We have done an incredible job, because we closed early,” Trump says.”I gave a press conference yesterday that really was a very good press conference,” Trump says.

He says it was a “calming” press conference.

(He hasn’t yet directly addressed the markets today.)Trump is blaming the media now for, in his view, overstating the risk of the Coronavirus.Trump repeatedly is coming back to saying that, were it not for him, Coronavirus would be worse in the U.S.

“15 people is almost, I would say, a miracle,” he says. (There are 15 cases.)Trump says the Coronavirus could get worse before it gets better, or that it could just go away. Nobody knows, Trump says. Continue reading…



Source link : https://www.theguardian.com/world/live/2020/feb/28/coronavirus-live-updates-latest-news-china-wuhan-stock-markets-update

Author : Helen Davidson

Publish date : 2020-02-28 00:36:16

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