The lights went out on the famed Las Vegas Strip, the worldwide death toll topped 8,200, and stocks took another hit Wednesday as the coronavirus tightened its grip on the globe.
The U.S. death toll reached 115, and America’s sense of normal continued to evolve. President Donald Trump’s promise of financial assistance did provide hope to the potentially millions of workers facing layoffs and furloughs.
“For the people that are now out of work because of the important and necessary containment policies, for instance the shutting down of hotels, bars and restaurants, money will soon be coming to you,” Trump tweeted Wednesday.
Kansas became the first state to announce that schools would remain closed for in-person teaching for the rest of the school year. Nevada’s governor ordered the statewide shutdown of all casinos and other nonessential businesses starting Wednesday.
There were more than 6,500 confirmed cases in the U.S. as of Wednesday morning, according to the Johns Hopkins University data dashboard. One week ago, the U.S. death toll had climbed to 33, the number of U.S. cases rolled past 1,300, and federal health officials said the virus has spread to at least 38 states.
Worldwide, the virus has killed nearly 8,200 people; more than 204,000 infections have been reported. A week ago the death toll had reached 4,600.
Our live blog on the coronavirus is being updated throughout the day. Refresh for the latest news. More headlines:
US stocks stocks drop sharply
The U.S. stock market opened sharply lower as lockdowns and restrictions rattled investors despite Washington’s promises for economic aid. The Dow Jones industrial averages dropped more than 1,200 points, and Standard & Poor’s 500 also sank. Stocks quickly gave back the strong gains from a day earlier after President Donald Trump promised aid to get the U.S. economy through the outbreak.
“There’s no clarity. We don’t know what the real effects from these monetary and fiscal policies are going to be,” says Rich Sega, global chief investment strategist at asset manager Conning. “We need to see data that shows that the infection rate has peaked.”
– Jessica Menton
US-Canada border shut down for non-essential travel
The border between Canada and the U.S. will close for non-essential travel. Trump confirmed the news in a tweet on Wednesday: “We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic. Trade will not be affected. Details to follow!” Trump tweeted.
On Monday, Canadian Prime Minister Justin Trudeau announced he was closing the country’s border to noncitizens, but American citizens had been exempt. Trudeau is in self-isolating – his wife, Sophie Grégoire Trudeau, has tested positive for coronavirus.
– David Oliver
Health care experts brace for ventilator shortage
Italy’s scramble to find ventilators for the booming number of coronavirus patients with serious lung problems is a scenario that could soon repeat in the U.S., experts warn. Hospitals here are on the cusp of too many severely ill patients without enough intensive care unit beds and ventilators to keep those patients breathing. It’s why health officials are desperately trying to delay new infections through social distancing measures such as school closings and work-from-home mandates.
Italy is a “preview of a movie that is about to play” in the U.S., said Marty Makary, a Johns Hopkins University surgeon and health policy expert. Read more here.
– Ken Alltucker and Nick Penzenstadler
New York City debates lockdown as numbers swell
New Yorkers awoke to an intensifying debate over a possible “shelter in place” order that could keep the city’s 8 million residents in their homes except for food shopping and emergencies. The city added more than 100 confirmed COVID-19 cases on Tuesday alone, pushing the total to almost 1,000.
“It’s unbelievable how rapidly this crisis is growing,” said Mayor Bill de Blasio, who already has shut down schools and Broadway and limited restaurants to take-out and delivery. He said federal financial intervention to provide “income replacement” is desperately needed to avoid Depression-era, massive soup lines. He also warned city residents the lockdown order could come as soon as Wednesday.
Gov. Andrew Cuomo, however, flatly rejected the idea, saying a lockdown would drive people to stay with friends and family outside the city. Stay tuned.
Kansas becomes first to cancel in-person teaching for school year
Kansas Gov. Laura Kelly canceled in-person K-12 school and classes for the remainder of the school year, saying students would continue online learning. The decision late Tuesday was the first of its kind by any state in the nation. More than a dozen states have canceled traditional classes for two or three weeks, but none so far has stopped in-person teaching for the rest of the academic year.
A task force of 40 educators was preparing to deliver guidelines…
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