Wall Street Breakfast: Largest Outbreak In The World - Seeking Alpha
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At the beginning of the month, there were roughly 100 confirmed COVID-19 cases in the U.S., but now there are more confirmed cases than both China and Italy, making it the country with the largest outbreak in the world. As testing ramps up, there are also efforts to reopen the economy, with President Trump hearing recommendations from the White House coronavirus task force this weekend. Plans include classifying counties by low, medium and high "risk" levels, though state governors will have the ultimate say on whether to relax stay-at-home orders and business closures.
What else is happening...
General Motors (NYSE:GM) to cut pay 20% for salaried workers.
Ford (NYSE:F) eyes April dates for plant restarts.
India's RBI joins 'whatever it takes' rhetoric.
Citi (NYSE:C) pauses job cuts during coronavirus uncertainty.
Facebook (NASDAQ:FB) nears complete overhaul of board.
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