Coronavirus reached Europe’s busiest airport, after two British Airways baggage handlers at London Heathrow tested positive for the disease.
The number of worldwide infections topped 100,000.
In the U.S., President Donald Trump signed a $7.8 billion emergency coronavirus spending bill. Secretary of State Mike Pompeo criticized China, saying it was frustrating to work with the Communist Party.
Trump’s economic adviser Larry Kudlow said Americans should avoid traveling to the Seattle area where at least 11 people have died from the virus.
U.S. stocks tumbled for a second day, while Treasury yields plunged to fresh records amid mounting concerns that the coronavirus outbreakwill derail economic growth. Oil tanked.
Key Developments:
- Cases surpass 100,000; deaths top 3,400
- Sovereign bond yieldcollapse shows world in crisis mode
- Senior EU diplomats’ meeting canceled in Brussels
- BofA Says Apple’s 5G iPhone could be delayed
- Two Manhattan private schools canceled classes Friday
Click VRUS on the terminal for news and data on the coronavirus and herefor maps and charts. For analysis of the impact from Bloomberg Economics, click here.
