U.S. stocks 4 circuit breakers in 10 days
U.S. stocks plunged on Wednesday, hitting new lows since the COVID-19 crisis as investors worried about the economic damage caused by the COVID-19 pandemic.
The Dow Jones Industrial Average closed down 1338.4 points to 19898.9 points, falling below the 19000 mark and falling nearly 10,000 points from its February high; the S&P 500 Index closed down 5.17% at 2398.3 points; the Nasdaq fell 4.7% at 6989.8 points. The S&P 500 index once fell by more than 7% during the session, triggering the first circuit breaker and suspending trading for 15 minutes, which was the fourth circuit breaker in the past two weeks.
Stocks bottomed out in the final minutes of trading after the U.S. Senate voted to pass a coronavirus relief package that would expand paid leave.
Dow Jones reported on Wednesday that the U.S. Treasury Department plans to issue two rounds of direct subsidies to citizens totaling $250 billion. The payments will begin on April 6, the report said. The Treasury Department is also applying to support currency markets, the report said. A source familiar with the matter said on Tuesday that the government is seeking an economic stimulus package of $850 billion to more than $1 trillion.
The number of confirmed coronavirus cases in the United States has jumped to more than 6,400, while the death toll has topped 100, according to data from Johns Hopkins University.
Under the influence of the coronavirus crisis, Wall Street has experienced an unprecedented ups and downs. The S&P 500 has risen or fallen 4% or more for eight consecutive trading days, hitting a record high, which broke the six-day record since November 1929.
After today’s plunge, U.S. stocks have almost wiped out all the gains since Trump took office on January 20, 2017.
Bill Ackman, founder of Pershing Square Capital Management, responded to concerns about the growing economic impact of the new coronavirus and whether the government is doing enough to combat the new coronavirus. He said: "The best way to deal with the market downturn and the epidemic in the United States is for President Trump to announce a temporary shutdown of the country."
html The 510-year U.S. Treasury yield jumped to 1.21% on Wednesday and was around 0.77% at midday on Tuesday, before details of potential stimulus measures were released. At the beginning of the week, the index was around 0.65%. It's not the immediate level of interest rates that's unnerving traders, but the rapid moves overnight.Due to the intensification of the epidemic, the New York Stock Exchange will temporarily close the trading floor starting from the 23rd of this month, and all transactions will be conducted on the electronic trading platform. Currently, temperature checks are also required before entering the trading floor entrance.
Just now, the European Central Bank announced a 750 billion euro purchase plan in response to the epidemic, which will cover securities in the private and public sectors.
After the European Central Bank announced a 750 billion euro asset purchase plan, the euro/dollar rose 75 points in the short term to 1.0980.
In early Asian trading, the U.S. dollar index DXY fell about 50 points in the short term to 100.42; WTI crude oil futures rose by more than 12%, and the three major U.S. stock index futures all rose by more than 2%.
Overseas overview
Global confirmed cases of COVID-19 exceed 200,000
According to Xinhua News Agency, the World Health Organization said on the 18th that the number of confirmed cases of COVID-19 worldwide exceeded 200,000. Real-time statistics released by Johns Hopkins University in the United States show that as of 7:00 on the 18th, Eastern Time (19:00 on the 18th, Beijing time), the number of confirmed cases of new coronary pneumonia worldwide exceeded 200,000, reaching 201,436.
WHO responds to Trump: The virus should not be associated with race
According to CCTV News, Michael Ryan, head of the WHO health emergencies program, responded to media attention that US President Trump called the new coronavirus the "Chinese virus": The message we have always conveyed is very clear, viruses have no borders and do not distinguish between race, color and wealth. We must be careful in the use of language and avoid associating the virus with individuals.
The death toll from COVID-19 in Europe now exceeds that in Asia
According to data released by AFP on the 18th, cited by Global Network, the death toll from COVID-19 in Europe has exceeded that in Asia for the first time.According to the report, as of 11:00 GMT on the 18th, at least 3,421 people had died in Europe, while the death toll from COVID-19 in Asia was 3,384.
The number of confirmed cases of COVID-19 in the United States has exceeded 7,000.
Real-time statistics released by Johns Hopkins University in the United States show that as of 13:00 Eastern Time on the 18th (1:00 on the 19th, Beijing time), the United States has a total of 7,324 confirmed cases of COVID-19 and 115 deaths. This data comes from U.S. state epidemic reports compiled by the university's new coronavirus research project.
Trump announced that he would close the U.S.-Canada border
According to CCTV News, on March 18, local time, U.S. President Trump announced on social media that he would close the U.S.-Canada border and suspend "non-essential personnel movement" between the two countries. Trump said the decision was a consensus between the United States and Canada.
Italy has 4,207 new confirmed cases of COVID-19 in 24 hours
According to CCTV News, as of 18:00 local time on the 18th, Italy has 4,207 new confirmed cases of COVID-19 in 24 hours. A total of 35,713 cases have been diagnosed, 2,978 have died, and 4,025 have been cured. Among the 28,710 confirmed cases, 2,257 are in severe condition and 12,090 are asymptomatic and are in home isolation.
75 people were diagnosed in a nursing home in Daegu, South Korea. Most of the patients were elderly people with dementia.
According to overseas reports citing Korean media reports, a cluster of new coronavirus pneumonia infections occurred in a nursing home in Daegu, South Korea. As of the 18th, 75 people had been diagnosed, including 57 patients and 18 medical staff.
The founder of Bridgewater Associates denies the rumors of liquidation: everything is fine
On the 18th, there were rumors that Bridgewater, the world's largest hedge fund, liquidated its liquidation. Bridgewater founder Ray Dalio responded via social platforms: I assure you this is completely wrong, and everything is fine at Bridgewater. Bridgewater's financial position is very stable.
Financial News
National Health Commission: For the first time, there are no new local suspected cases in mainland China.
National Health Commission spokesperson Mi Feng said on the 18th that for the first time, there are no new local suspected cases in mainland my country. There have been no new local confirmed cases in Hubei except Wuhan for 13 consecutive days, and the medical teams aiding Hubei are returning in batches in an orderly manner. According to the WHO report, the epidemic has spread to 159 countries and regions. We must continue to prevent the import of overseas epidemics and actively carry out international cooperation to jointly respond to the epidemic.
National Health Commission: It is recommended not to wear a mask at home, outdoors, or in situations with good ventilation.
The National Health Commission issued a notice on the 18th about scientific guidelines for the public to wear masks. For the general public who are at home or outdoors, without gatherings of people, and with good ventilation, it is recommended not to wear masks. They should carry a spare mask with them when they are in crowded places, taking elevators, public transportation, or in close contact with other people (less than or equal to 1 meter).
Zhong Nanshan: The problem cannot be solved by collective immunity
According to the People's Daily, Zhong Nanshan, an academician of the Chinese Academy of Engineering, said on the 18th that during this period, we have learned how to prevent and control the new coronavirus. Highly infectious diseases have exponential outbreak periods. The average transmission coefficient of the new coronavirus is close to 3, which is very high. Prevention from the source is the oldest but effective method, and collective immunity cannot solve the problem.
Zhong Nanshan: The fact that the COVID-19 epidemic occurred in Wuhan does not mean that the source is in Wuhan.
Zhong Nanshan also said that the COVID-19 epidemic occurred in Wuhan, China, but it does not mean that the source is in Wuhan. He pointed out that this is a scientific issue. It is irresponsible to draw conclusions without understanding something clearly.
Zhong Nanshan said that China’s prevention and control methods can be applied in other countries
According to the People’s Daily, Zhong Nanshan said that in principle, China’s prevention and control methods can be applied in other countries. Foreign cities need to be better sealed. Dining or drinking coffee in the city is not allowed. Our country has made great determination in strong prevention and control. We put the health and life safety of the people first. We have done it, and the economic losses have been huge, but in exchange for the safety of the people.
The military successfully developed a recombinant COVID-19 vaccine. Academician Chen Wei: Vaccines are the most powerful weapon to end the COVID-19.
According to the Central Military Commission’s report on the afternoon of the 18th, the team of Academician Chen Wei of the Academy of Military Medicine of the Academy of Military Sciences has been racing against time to tackle the problem since it arrived in Wuhan on January 26. Yesterday, the vaccine was approved to start clinical trials! Academician Chen Wei said: Vaccines are the most powerful scientific and technological weapon to end the new coronavirus. If this weapon is developed first by China and has its own intellectual property rights, it will not only reflect the progress of China's science and technology, but also reflect our image as a big country!
Central Committee: Necessary health certificates in low-risk areas must be mutually recognized across the country
Except for Hubei and Beijing, provinces that still have medium-risk counties and districts must carry out precise prevention and control and restore production and living order in an orderly manner. For the movement of people and goods between low-risk areas, necessary health certificates must be mutually recognized across the country, no more barriers may be set up, and no isolation measures should be taken for personnel.
Beijing Customs implements the strictest quarantine measures
According to the Beijing Daily, Beijing Customs implements the strictest quarantine and supervision measures on key flights at the Capital Airport. The epidemic prevention and control command center is currently operating 24 hours a day. In order to minimize the flow of people, the customs has upgraded a variety of anti-epidemic equipment at the airport and ports to ensure that any situation is properly handled as soon as possible.
In Hubei Province, except for the epidemic prevention checkpoints from Hubei, Lihan and Han, all other epidemic prevention checkpoints have been removed.
Hubei Province issued a notice on March 18 that all epidemic prevention checkpoints in the province have been removed except for the epidemic prevention checkpoints from Hubei, Lihan and Han. People in low- and medium-risk areas can move safely and orderly in low- and medium-risk areas across the province with the "green code" of their health code or a health monitoring certificate issued by the village (community) or above where they currently live.
Anhui Province lifts closed management
Anhui Province issued a notice on the evening of the 18th: From now on, closed management will be lifted to optimize epidemic control in communities and villages. According to the classification of high-, medium- and low-risk personnel, personnel management and control measures will be implemented in a targeted manner. Comprehensively promote the restoration of normal operation of government agencies, enterprises and institutions. Actively resume daily operations of public transportation.
Beijing issued three measures to further tighten the control of overseas personnel entering Beijing
Beijing issued a notice on March 19 stating: 1. From now on, all overseas personnel entering Beijing should be transferred to a centralized observation point for 14 days of medical observation at their own expense. 2. If you have not applied for home observation before entering the country or your application has not been approved by the evaluation, you will be transferred to a centralized observation point for medical observation. 3. Persons entering Beijing from other domestic ports who conceal their overseas travel history will be held accountable in accordance with the law.
Shanghai’s first overseas imported case was discharged from hospital. He was an international student
Shanghai Municipal Health Commission spokesperson Zheng Jin said on the afternoon of the 18th that a patient was discharged from the hospital that morning. This was the first overseas imported confirmed case to be discharged. This is an Iranian international student who went to see a doctor because of a cough. On March 5, it was confirmed that he was a confirmed case of new coronary pneumonia. He was transferred to the Municipal Public Health Clinical Center for treatment and was discharged on the 18th.
Three departments: Improve the risk tolerance of pig loans and promote the accelerated recovery of pig production
The General Office of the Ministry of Agriculture and Rural Affairs, the General Office of the Ministry of Finance, and the General Office of the China Banking and Insurance Regulatory Commission jointly issued a notice stating that the loan assessment mechanism will be adjusted and improved, the risk tolerance of pig loans will be increased, and the non-performing loan rate of pig breeding loans will be relaxed to no more than 3 percentage points higher than the non-performing rate of agricultural-related loans. Pig farms that produce more than 500 pigs per year will enjoy the temporary loan interest subsidy policy.
General enterprises in Wuhan will resume work and production no earlier than 24:00 on March 20.
According to CCTV News, Cao Guangjing, deputy governor of the Hubei Provincial People's Government, said: Category 1 enterprises in Wuhan can continue to resume work and production, and other enterprises shall resume work and production no earlier than 24:00 on March 20. In medium-risk areas, enterprises in Category 1, 2 and 3 can continue production and resume work; in low-risk areas, Category 4 enterprises can continue production and resume work; in medium- and low-risk areas, the resumption of work and production must be implemented in an orderly manner.
National Development and Reform Commission: Will accelerate the construction of infrastructure focusing on 5G networks and data centers
Ha Zengyou, director of the Department of Employment, Income Distribution and Consumption of the National Development and Reform Commission, said on the 18th that new consumption has become a new driving force for my country's economic development. The next step will focus on cultivating and developing new consumption, focusing on accelerating the construction of a new generation of information infrastructure focusing on 5G networks and data centers, and striving to promote full coverage of information services.
Hubei adjusts the minimum capital ratio of infrastructure projects from 20% to 15%
Cheng Yongwen, director of the Hubei Provincial Development and Reform Commission, said on the 18th that Hubei recently decided to adjust the capital ratio of infrastructure projects. For infrastructure projects that complement shortcomings in the fields of roads, railways, urban construction, logistics, ecological environmental protection, social people's livelihood and other fields, the minimum capital ratio will be adjusted from 20% to 15%.
Beijing no longer accepts international flights? Capital Airport: Not released
Recently, there was news on the Internet that "from the 18th, all international flights entering Beijing will be temporarily diverted to other domestic airports, and Beijing will no longer accept international flights." That night, a reporter from Beijing Daily contacted Capital Airport to confirm that Capital Airport had not released relevant information. Currently, all international and inbound flights from Hong Kong, Macao and Taiwan at Capital Airport have been adjusted to the T3-D disposal area.
BGI : will launch commercial sales of new coronavirus nucleic acid detection kits in the US clinical market
Jihong Shares: affiliated companies provide blockchain underlying technical support The information of the whole chain of masks can be tracked. l7 Aerospace Technology: Overseas subsidiaries have suspended production due to the new coronavirus epidemic
Evergreen Holdings : subsidiaries have obtained medical device registration certificates and medical device production licenses
Postal Savings Bank of China : 80 billion non-fixed-term capital bonds have been issued
Jia'ao Environmental Protection: The company has increased export rebate rates for some products
Editor: Zhang Peng
