The newsflow is absolutely overwhelming right now
Here are a few of the bigger recent headlines:
- Spain declares emergency. Cases jump 35% today to 7753
- Wife of Spain's PM tests positive
- Mnuchin says he doesn't expect a US recession
- Netherlands cases up 176 to 1135
- Portugal cases to 245 from 169
- Norway to 1077 from 907
- Israel central bank launches QE program to buy government bonds
- Virgin Atlantic CEO says UK airlines will need as much as 7.5B pounds in aid
- Beijing to quarantine all overseas arrivals at centres for 14 days
- UK talking to companies about switching to make ventilators
- Dubai to shut all cinemas, gyms, camps until end of month
- India says it has 107 confirmed cases
- Japan reports 31 new cases for total of 1513
- Iran confirms 1209 cases today
- Czech gov't likely to declare national quarantine - local reports
- UK health secretary says will take powers to order quarantines if necessary
- Malaysia reports 190 new cases
- 21 new cases in Indonesia, total at 117
- Thailand reports 29 new cases
- American Airlines says it will halt nearly all long-haul international flights in phase-in starting Monday
I'll expand on this much more on Monday but I'm increasingly convinced that the economic hit from all of this is going to be catastrophic. The debt markets are going to completely freeze and the bailouts are going to be stratospheric.
Trump sending out an autographed copy of the rally in stocks late on Friday is going to live in infamy:
