AAPL   320.43 (+0.73%)
FB   229.00 (-0.06%)
GOOGL   1,427.69 (+0.52%)
AMZN   2,413.28 (+0.12%)
NVDA   345.38 (+1.28%)
CGC   21.10 (+6.03%)
BABA   200.31 (-0.43%)
GE   7.07 (-3.02%)
TSLA   817.38 (-0.35%)
AMD   52.83 (+0.17%)
T   31.52 (-1.07%)
ACB   16.45 (+7.52%)
GILD   75.52 (+0.83%)
DIS   119.28 (-1.85%)
BA   153.67 (+2.78%)
AAPL   320.43 (+0.73%)
FB   229.00 (-0.06%)
GOOGL   1,427.69 (+0.52%)
AMZN   2,413.28 (+0.12%)
NVDA   345.38 (+1.28%)
CGC   21.10 (+6.03%)
BABA   200.31 (-0.43%)
GE   7.07 (-3.02%)
TSLA   817.38 (-0.35%)
AMD   52.83 (+0.17%)
T   31.52 (-1.07%)
ACB   16.45 (+7.52%)
GILD   75.52 (+0.83%)
DIS   119.28 (-1.85%)
BA   153.67 (+2.78%)
AAPL   320.43 (+0.73%)
FB   229.00 (-0.06%)
GOOGL   1,427.69 (+0.52%)
AMZN   2,413.28 (+0.12%)
NVDA   345.38 (+1.28%)
CGC   21.10 (+6.03%)
BABA   200.31 (-0.43%)
GE   7.07 (-3.02%)
TSLA   817.38 (-0.35%)
AMD   52.83 (+0.17%)
T   31.52 (-1.07%)
ACB   16.45 (+7.52%)
GILD   75.52 (+0.83%)
DIS   119.28 (-1.85%)
BA   153.67 (+2.78%)
AAPL   320.43 (+0.73%)
FB   229.00 (-0.06%)
GOOGL   1,427.69 (+0.52%)
AMZN   2,413.28 (+0.12%)
NVDA   345.38 (+1.28%)
CGC   21.10 (+6.03%)
BABA   200.31 (-0.43%)
GE   7.07 (-3.02%)
TSLA   817.38 (-0.35%)
AMD   52.83 (+0.17%)
T   31.52 (-1.07%)
ACB   16.45 (+7.52%)
GILD   75.52 (+0.83%)
DIS   119.28 (-1.85%)
BA   153.67 (+2.78%)
Log in

The Latest: Trump: 15 days not enough time for parts of US

Friday, March 27, 2020 | The Associated Press

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.

TOP OF THE HOUR:

— Trump: Parts of U.S. won't be back to normal after 15-day period.

— Trump signs massive stimulus with cash payments to Americans.

— Trump issues order to require GM to produce ventilators.

— Disney theme parks in Florida, California closed indefinitely.

___

WASHINGTON — President Donald Trump said there are certain parts of the country that will not be ready to return to a semblance of normalcy when his administration’s 15-day guideline to stem the spread of the new coronavirus expires next week.

Trump, who issued his guidelines on March 16, said he will meet with Vice President Mike Pence, White House task force coordinator Dr. Deborah Birx and top infectious disease expert Dr. Anthony Fauci on Monday or Tuesday to review data on the spread of the disease.

Trump in a letter to governors Thursday said that risk considerations based on geography would likely dictate the next round of guidelines from the federal government. The president has said he wants to broadly reopen the economy by Easter Sunday, April 12.

___

WASHINGTON — President Donald Trump has authorized Defense Secretary Mark Esper to call up an unspecified number of federal reservists to help with the coronavirus response.

Trump said in a letter to Congress Friday that he had authorized Esper to order units and individual members of the Selected Reserve, as well as certain Individual Ready Reserve members, to active duty.

These reservists are part of what is called the Ready Reserve, which is the category of reservists most often called to active duty. They are separate from, and in addition to, National Guard members who have been mobilized by governors.

The reserve call-up likely is intended to fill gaps in medical expertise as the military deploys field hospitals to cities hard hit by COVID-19 and provides other forms of medical support to state and local authorities.

___

WASHINGTON — President Donald Trump says he will press U.S. manufacturers to build 100,000 ventilators “pretty quickly” to meet the needs of American hospitals and medical providers around the world.

Trump’s call for the building of more ventilators comes one day after he pushed back on New York Gov. Andrew Cuomo, who cited medical experts' prediction that his state will need 30,000 to 40,000 ventilators when the coronavirus outbreak peaks there.

Trump said British Prime Minister Boris Johnson on Friday stressed the need for more ventilators in his country. He added Italy, Germany and Spain are also in need of more ventilators.

Trump said he believes U.S. manufacturers are able to take care of American needs while also helping other countries.

___

AMMAN, Jordan — Jordan has announced its first death from the new coronavirus.

State-run news agency Petra said Friday a woman in her 80s died from COVID-19. Jordan TV reported the woman had underlying medical conditions.

There have been 235 confirmed COVID-19 cases in the Arab kingdom.

On March 21, Jordan imposed an indefinite full lockdown after it had shut down its airspace and other border crossings.

___

NEW YORK — The United States has become the first country to exceed 100,000 confirmed cases of the new coronavirus.

The U.S. reached the grim milestone late Friday afternoon, according to a count by Johns Hopkins University. Deaths in the U.S. topped 1,500 on Friday.

Globally, the count of people with the virus was nearing 600,000.

Italy has the second-most cases with more than 86,000 and China is third with more than 81,000. Italy has the most deaths with 9,134.

___

CHICAGO — The Illinois Nurses Association says 12 nurses from the University of Illinois Hospital in Chicago have tested positive for COVID-19.

The association's executive director, Alice Johnson, said nurses working in the hospital's unit caring for COVID-19 patients have had to work without necessary protective equipment.

“We hoped their hospital and their government would protect them, but they failed," Johnson said.

Michael Zenn, CEO of the University of Illinois Hospital and Clinics, said in a written statement that a “limited number of these cases are believed to be due to exposure in the health care setting.”

On Friday, the hospital planned to issue new guidance that employees in all inpatient and outpatient units wear masks daily.

___

DETROIT — Detroit's police chief has tested positive for the coronavirus.

Mayor Mike Duggan confirmed the positive test for Police Chief James Craig, saying, “He is very fit and he has mild symptoms.”

Day-to-day operations of the 2,200-officer department have been turned over to Assistant Chief James White, who is returning from quarantine but has tested negative for the disease.

As of Friday, 39 Detroit police officers had tested positive and 468 were in quarantine, Duggan said.

___

Three more states reported their first COVID-19 deaths on Friday, bringing the total to 46 as the number of U.S. cases continued to rise.

Officials in Nebraska, North Dakota and Maine announced the first deaths from the virus. The only states that haven’t had a confirmed COVID-19 death as of Friday afternoon are Hawaii, Rhode Island, Wyoming and West Virginia.

The Nebraska case involved an Omaha man in his 50s who had serious underlying health conditions before he was diagnosed.

The North Dakota case involved a man in his 90s in Cass County, the most populous county, who had underlying health conditions.

The Maine death was a man in his 80s who lived in Cumberland County, the state’s most populous county and the center of that state’s outbreak so far.

___

WASHINGTON — The USNS Mercy, one of the Navy's two hospital ships, will begin taking patients from pierside in Los Angeles on Saturday, in an effort to relieve overburdened medical facilities in the city as it struggles to handle the coronavirus outbreak.

The captain of the 1,000-bed ship said its operations will ramp up slowly, taking a handful of patients the first day, then gradually expanding over time.

“We would start slowly with a number like five for the first day, then doubling that and doubling again,” Navy Capt. John Rotruck told The Associated Press in an interview from the ship as it was heading into the port.

The Mercy’s arrival comes as the USNS Comfort, the Navy's other hospital ship, prepares to leave Virginia on Saturday, heading to New York City.

The ships will take only non-virus patients, freeing up hospital beds in the city for those who are infected.

There are about 1,000 sailors on the Mercy, and about two-thirds of that are medical staff. They’ve spent the last several days at sea training, since this is the first time that many of them will have worked together.

___

WASHINGTON — President Donald Trump on Friday signed a $2.2 trillion economic rescue package, calling the bill much-needed relief for American workers reeling from the economic tumult caused by the coronavirus.

Trump signed the bill in Oval Office ceremony surrounded by Republican lawmakers and members of his administration shortly after the Democratic-controlled House approved the massive spending package. Under the plan, many single Americans would receive $1,200, married couples would get $2,400 and parents would see $500 for each child.

The signing came the after the U.S. government on Thursday reported nearly 3.3 million new weekly jobless claims. The U.S. death toll has surpassed 1,200 from the virus.

___

WASHINGTON — President Donald Trump has issued an order that the government can use to require General Motors to produce ventilators under Defense Production Act.

Trump signed the order Friday in the Oval Office as health professionals around the country lamented shortages of the machines that help patients with the coronavirus breathe.

In a joint statement, GM and Ventec Life Systems said they will build critical care ventilators at GM's manufacturing plant in Kokomo, Indiana, and start shipping them as soon as next month. GM also is to produce surgical masks at its plant in Warren, Michigan, that can be used by health care workers.

In a statement, the White House accused GM of wasting time in the contracting process.

"Our negotiations with GM regarding its ability to supply ventilators have been productive, but our fight against the virus is too urgent to allow the give-and-take of the contracting process to continue to run its normal course," the statement said.

___

ORLANDO, Fla. — The Walt Disney Co. is indefinitely extending closures at its theme park resorts in Florida and California because of the coronavirus pandemic.

The company had closed Disneyland in Southern California and Disney World outside Orlando in mid-March with plans to reopen at the start of April, but Disney said Friday the resorts would remain closed until further notice. It cited directions given by health and government officials.

The company has been paying its employees during the closure, and Disney said it would continue to pay its tens of thousands of hourly workers through April 18.

___

UNITED NATIONS — U.N. Secretary-General Antonio Guterres says the world is not only fighting the “common enemy” of the coronavirus “but our enemy is also the growing surge of misinformation” about COVID-19.

To overcome the virus, he said “we need to urgently promote facts and science” and “promote hope and solidarity over despair and division.”

He said the U.N. is launching a COVID-19 Communications for Solidarity Initiative to rapidly inform the global public about the facts and science, “and promote and inspire acts of humanity around the world.”

Guterres spoke Friday at the first joint video briefing for the 193 U.N. member nations that also included the presidents of the Security Council, General Assembly and the Economic and Social Council as well as a question-and-answer session. The video failed for about 10 minutes while the secretary-general was speaking, but then resumed.

___

ANKARA, Turkey — Turkey's president announced a set of additional measures aiming to prevent the transmission of the new coronavirus, including halting all international flights and limiting travel between cities.

The measures announced Friday came hours after the number of confirmed COVID-19 cases in Turkey surpassed the 5,000 mark, while the death toll hit 92.

In a late-night address to the nation, President Recep Tayyip Erdogan said intercity travel would be subjected to approval from the local governor. Private businesses would emulate the public sector by working with the minimum amount of staff and adopt flexible working hours, Erdogan said, while passengers traveling on public transport would be seated separately.

Erdogan said a "pandemic board" would be formed in all provinces to monitor the measures and take additional precautions if necessary.

___

TALLAHASSEE, Fla. — Florida Gov. Ron DeSantis ordered Friday that anyone arriving in the state from Louisiana must self-quarantine like those arriving from New York already must because of the coronavirus pandemic.

DeSantis said he is expanding his quarantine order to include Louisiana after officials in the lightly hit Panhandle worried that people will flee New Orleans as the number of positive tests there climb. DeSantis said the Florida Highway Patrol and sheriff's offices will set up checkpoints to screen cars arriving from Louisiana.

The order will require anyone who arrives from Louisiana to isolate themselves for two weeks under the threat of a misdemeanor conviction and a 60-day jail sentence. He already issued this week identical restrictions on travelers arriving from New York, New Jersey and Connecticut.

___

WARSAW, Poland — Poland’s lawmakers were debating and voting remotely Friday on a government rescue package for the economy hit hard by the coronavirus pandemic.

The first-time-ever remote attendance is designed to prevent the spread of the coronavirus and protect the health of the 460 lawmakers who do not have to all gather in parliament.

Later Friday the legislators were to vote on the “anti-crisis shield” worth at least 212 billion zlotys ($51 billion; 46 billion euros) of financial and administrative assistance to large and small businesses, to the chronically strapped health care system and to the employees.

Prime Minister Mateusz Morawiecki stressed that the rescue package was balanced between the need to prevent bankruptcies and the need to keep the world’s trust in Poland’s financial decisions. Poland, a country of 38 million, has confirmed 1,340 cases of coronavirus infections. Sixteen people have died.

___

PARIS — “Merci.”

The French word for “thank you” was emblazoned in lights on the Eiffel Tower on Friday in recognition of health workers fighting to save lives, as France’s coronavirus death toll continued to climb.

The tower also switched on its sparkling lights. The show of solidarity from 8 p.m. on Friday coincided with the moment when citizens in lockdown have been cheering and applauding from their windows and balconies in support of doctors and nurses.

Paris Mayor Anne Hidalgo said the light show will take place every evening on the 324-meter-tall (1,063-foot-tall) tower.

French hospitals have recorded nearly 2,000 deaths, a figure that doesn’t include COVID-19 cases elsewhere. Health workers are straining to keep pace with the ever-increasing number of infections, with nearly 3,800 people in intensive care, in serious condition.

___

ROME — Italy’s president says the country is living through “a sad page in our history,” with its oldest generation paying a very high price in loss of life during the COVID-19 pandemic.

With coffins piling up in the country with the highest number of deaths in the world of persons infected with the coronavirus, President Sergio Mattarella sought to shore up morale Friday night.

He hailed the thousands of doctors who have volunteered to work in the most hardest-hit areas of the outbreak in Italy’s north. He encouraged Italians to keep obeying a national decree that has kept them at home for 2 1/2 weeks so far, save to go essential jobs or do other vital tasks like shop for food.

He praised the tireless giving of self by medical staff, those assuring the nation’s food supply, factories which have converted production lines to producing masks in dire need by doctors and nurses, and others doing their part.

But Mattarella took to task leaders of some European Union countries who have balked at giving countries like Italy and Spain, reeling under the economic impact of the outbreak, the concrete solidarity promptly required.

Companies Mentioned in This Article

CompanyBeat the Market™ RankCurrent PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Walt Disney (DIS)2.3$119.15-2.0%1.48%40.25Buy$126.78

8 Pharmaceutical Companies Working on a Coronavirus Cure

We are living through interesting times. Not an hour goes by when Americans don’t receive some reminder of the impact the coronavirus has on our lives. The race is on for an effective, FDA-approved treatment for the virus. Despite, vaccines being available for human trial in record time, we are many months away from having a viable vaccine.

However, we may be somewhat closer in finding some antiviral treatments. And if you’ve watched the market closely this week, any news on that front tends to move the market in a positive direction.

That brings up another truth of investing. There are some stocks that thrive from other stocks misery. And that’s why we’ve put together this special report. If you’re an investor who is looking to jump into this bear market, the pharmaceutical sector is a logical choice.

A combination of big-name drug companies as well as smaller startup companies are working around the clock to develop vaccines or treatments that will target the infection caused by the novel coronavirus.

View the "8 Pharmaceutical Companies Working on a Coronavirus Cure".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.