American hotel and travel industry executives met with Trump on Tuesday to discuss a potential $250 billion aid package
as thousands of hotel workers began furloughs due to the fast-spreading coronavirus.
The requested package would consist of $150 billion in direct aid for the hotel sector
and $100 billion for related travel companies, including convention businesses ~
New York/Hong Kong/London (CNN Business)Global stock markets surged higher Friday after central banks
and governments around the world unleashed a torrent of stimulus measures designed to cushion the shock from coronavirus.
US stock futures were sharply higher, suggesting Wall Street could close out an exceptionally volatile week with another big swing.
Asian stocks closed with gains, while European markets were on track for their second positive session in a row.
President Donald Trump sent a letter to governors Thursday suggesting the White House
was seeking to create guidelines for individual counties classified as either high, medium or low risk
for the outbreak to expand further.
Trump has said he wants the country to widely reopen businesses by Easter in mid-April
although health officials have suggested lifting stay-in-place orders by that time could be premature
Half of coronavirus patients show no symptoms of the illness, according to a study done in Iceland. Researchers tested 17,900 residents of the island nation for the virus