CoronaVirus News Updates for March 23 2020
Coronavirus: Travel restrictions, border shutdowns by country
FINANCE: Global markets get lift from Fed’s promise of unlimited support for the economy
The Fed will make “UNLIMITED” money to bail out the banks and the stock market….but not the people.
“US stocks pulled out of a nosedive Monday and European markets trimmed losses after the US Federal Reserve committed itself to creating an unlimited amount of money to prevent the world’s largest economy from plunging into a deep recession.
The decision to buy unlimited amounts of government bonds was part of a much bigger package of extraordinary measures announced by the Fed, which also included a promise to launch a Main Street lending program…..”
UK: On Lockdown for 3 weeks!
UK: British travellers urged to return home immediately: The Foreign Office have concluded there is a tight window now before borders are closed, airports are closed and flights suspended.
US: TRUMP SIGNS EXECUTIVE ORDER TO PREVENT HOARDING, PRICE GOUGING
US:California’s governor issued a state-wide order on Thursday for all residents to stay at home. Illinois, Louisiana, and Ohio have since followed suit.
FINANCIAL: Stocks sink again, after emergency fiscal stimulus package fails for second time
Malta: Closes All Non-Essential Retail Stores And Services, Bans All Public Gatherings
Italy: Russian Army deliver medical aid at airbase near Rome as Moscow rallies to help coronavirus-ravaged Italy
Hong Kong bans all foreigners
UK: new jury trials in England and Wales have been suspended
UK: McDonald’s has said it will close all of its restaurants in the UK from 19:00 GMT. Nando’s has also announced it has closed its restaurants
UK: Costa coffee to close down
UK: Under the proposed legislation, airports could be shut and people held on public health grounds
UK could face Italy-style lockdown, warns Boris Johnson
