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Coronavirus Updates: Trump Expands Travel Restrictions on Iran Coronavirus Updates: Trump Expands Travel Restrictions on Iran
(32 minutes later)
President Trump sought on Saturday to more aggressively address the coronavirus after weeks of confusion over his administration’s response, urging public calm and issuing new foreign travel warnings and restrictions.President Trump sought on Saturday to more aggressively address the coronavirus after weeks of confusion over his administration’s response, urging public calm and issuing new foreign travel warnings and restrictions.
Mr. Trump presided over an abruptly announced news conference in the White House briefing room that opened with remarks on the deal the United States signed hours earlier with the Taliban, and then moved to coronavirus.Mr. Trump presided over an abruptly announced news conference in the White House briefing room that opened with remarks on the deal the United States signed hours earlier with the Taliban, and then moved to coronavirus.
After Mr. Trump acknowledged the first death recorded in the United States, in Washington State — a patient he described as a woman who had been “a medically high-risk patient in her late 50s” — Vice President Mike Pence announced that the administration was issuing its highest-level warning against travel to areas of Italy and South Korea most affected by the virus. After Mr. Trump acknowledged the first death recorded in the United States, in Washington State — a patient he described as a woman who had been “a medically high-risk patient in her late 50s” — Vice President Mike Pence announced that the administration was issuing its highest-level warning, known as a “do not travel” warning, to areas of Italy and South Korea most affected by the virus.
The United States is also banning all travel from Iran, and barring entry to any foreign citizen who has visited that country in the last 14 days. There will also be screenings of travelers coming from Italy and South Korea.The United States is also banning all travel from Iran, and barring entry to any foreign citizen who has visited that country in the last 14 days. There will also be screenings of travelers coming from Italy and South Korea.
Speaking later Saturday at the Conservative Political Action Conference, Mr. Trump also suggested the United States was ready to help Iranians amid an outbreak there. “If we can help the Iranians, we have the greatest health care professionals in the world,” he said, adding that “we would love to be able to help them.”
“All they have to do is ask,” he said.
Aiming to calm the public after the worst week for the stock market since 2008, Mr. Trump said that “healthy individuals” in the United States “should be able to fully recover” from the coronavirus, but did not say what the risks might be for people with prior health conditions.Aiming to calm the public after the worst week for the stock market since 2008, Mr. Trump said that “healthy individuals” in the United States “should be able to fully recover” from the coronavirus, but did not say what the risks might be for people with prior health conditions.
Flanked by top federal public health officials, the president appealed to “the media and politicians and everybody else involved not do anything to incite a panic, because there’s no reason to panic at all.” The president, flanked by top federal public health officials, appealed to “the media and politicians and everybody else involved not do anything to incite a panic, because there’s no reason to panic at all.”
In response to a question, Mr. Trump also said he was “very strongly” considering new travel restrictions along the southern border to contain the coronavirus. But he later seemed to play down the possibility, saying “this is not a border that seems to be much of a problem right now.” In response to a question, Mr. Trump also said he was “very strongly” considering new travel restrictions along the southern border to contain the coronavirus. But he later walked back the possibility, saying “this is not a border that seems to be much of a problem right now.”
He also disputed claims that he had referred to the coronavirus as a “hoax” during a Friday night political rally in South Carolina. “The ‘hoax’ was used with respect to Democrats and what they were saying,” Mr. Trump said. He also denied that he had referred to the coronavirus as a “hoax” during a Friday night political rally in South Carolina. “The ‘hoax’ was used with respect to Democrats and what they were saying,” Mr. Trump said. At the rally, the president had said of Democrats: “This is their new hoax,” drawing swift condemnation from his political rivals.
It is clear that the outbreak is becoming part of the presidential race. Michael R. Bloomberg’s campaign released a three-minute prerecorded address on the coronavirus outbreak, for which it has bought network airtime Sunday night. The outbreak is clearly becoming part of the presidential race. Michael R. Bloomberg’s campaign released a three-minute prerecorded address on the coronavirus outbreak, for which it has bought network airtime Sunday night.
And a person near Seattle has become the first novel coronavirus patient to die in the United States, health officials said Saturday. A person near Seattle has become the first novel coronavirus patient to die in the United States, health officials said Saturday.
Kay Taylor, a spokeswoman for EvergreenHealth, said the person who died was a patient at the organization’s hospital in Kirkland, Washington. At a news conference on Saturday, President Trump identified her as “a wonderful woman, a medically high risk patient in her late 50s.”Kay Taylor, a spokeswoman for EvergreenHealth, said the person who died was a patient at the organization’s hospital in Kirkland, Washington. At a news conference on Saturday, President Trump identified her as “a wonderful woman, a medically high risk patient in her late 50s.”
Lisa Stromme Warren, a spokeswoman with the Washington State Department of Health, confirmed the death and said officials with the state and the Centers for Disease Control and Prevention would be addressing the matter later in the day. Washington State health officials also announced two cases of people tied to a nursing facility near Seattle and said more than 50 people in the facility had begun to show symptoms, a possible sign of an outbreak among a particularly vulnerable population. A healthcare worker and a resident at the facility, Life Care Center of Kirkland, had both tested positive for the virus. There are 288 staff and residents at the facility.
Governor Jay Inslee declared a state of emergency, directing state agencies to do everything reasonably possible to assist affected communities. The proclamation allows the use of the Washington National Guard, if necessary.Governor Jay Inslee declared a state of emergency, directing state agencies to do everything reasonably possible to assist affected communities. The proclamation allows the use of the Washington National Guard, if necessary.
Dr. Robert Redfield, the director of the C.D.C., said there was no evidence that the woman had traveled recently or had contact with someone known to have the virus. Dr. Robert Redfield, the director of the C.D.C., said there was no evidence that the woman who died had traveled recently or had contact with someone known to have the virus.
Experts warn that cases of unknown origin are a worrying sign that the virus is spreading in this country. Similar cases also reported on Friday involved a high school student from north of Seattle; an employee of a school near Portland, Ore.; a woman in Santa Clara County, Calif., in the heart of Silicon Valley; and a man in southeastern England.
Updated Feb. 26, 2020Updated Feb. 26, 2020
In addition to the woman who died, Washington State health officials announced two cases of people tied to a nursing facility near Seattle and said more than 50 people in the facility had begun to show symptoms, a possible sign of an outbreak among a particularly vulnerable population. A healthcare worker and a resident at the facility, Life Care Center of Kirkland, had both tested positive for the virus. There are 288 staff and residents at the facility Experts warn that cases of unknown origin are a worrying sign that the virus is spreading in this country. Similar cases also reported on Friday involved a high school student from north of Seattle; an employee of a school near Portland, Ore.; a woman in Santa Clara County, Calif., in the heart of Silicon Valley; and a man in southeastern England.
The U.S. Food and Drug Administration announced Saturday that it was authorizing American laboratories to develop their own coronavirus tests, which should significantly increase the country’s testing capacity.The U.S. Food and Drug Administration announced Saturday that it was authorizing American laboratories to develop their own coronavirus tests, which should significantly increase the country’s testing capacity.
The effect could be rapid. About 80 labs and private companies have applied for emergency approval for tests they have already created. If they have submitted evidence that the tests work, the labs and companies will be able to use them immediately, rather than wait for the F.D.A. to complete reviews and issue approvals.The effect could be rapid. About 80 labs and private companies have applied for emergency approval for tests they have already created. If they have submitted evidence that the tests work, the labs and companies will be able to use them immediately, rather than wait for the F.D.A. to complete reviews and issue approvals.
“This action today reflects our public health commitment to addressing critical public health needs and rapidly responding and adapting to this dynamic and evolving situation,” the F.D.A.’s commissioner, Stephen M. Hahn, said in a statement.“This action today reflects our public health commitment to addressing critical public health needs and rapidly responding and adapting to this dynamic and evolving situation,” the F.D.A.’s commissioner, Stephen M. Hahn, said in a statement.
Experts have been frustrated with the limited availability of coronavirus tests in the U.S., which until now could only be provided by the Centers for Disease Control and Prevention. Broader testing will enable more rapid detection and isolation of people who have the coronavirus to help contain the spread of disease.Experts have been frustrated with the limited availability of coronavirus tests in the U.S., which until now could only be provided by the Centers for Disease Control and Prevention. Broader testing will enable more rapid detection and isolation of people who have the coronavirus to help contain the spread of disease.
Iran’s state media reported on Saturday that five members of Parliament had tested positive, adding to the coronavirus’s reach into the top tiers of the country’s politicians.Iran’s state media reported on Saturday that five members of Parliament had tested positive, adding to the coronavirus’s reach into the top tiers of the country’s politicians.
Over the past week, Iran reported that seven government officials, including one of the country’s vice presidents, were infected. The country’s president, Hassan Rouhani, attended a meeting last week with at least one of them.Over the past week, Iran reported that seven government officials, including one of the country’s vice presidents, were infected. The country’s president, Hassan Rouhani, attended a meeting last week with at least one of them.
Also infected is the son of a prominent politician who advises the Supreme Leader, Ayatollah Ali Khamenei. The son, Faridedin Hadad Adel, who is also related to the ayatollah by marriage, tweeted that he had gotten the virus after visiting a school in the holy city of Qom, which is an epicenter of the virus in Iran.Also infected is the son of a prominent politician who advises the Supreme Leader, Ayatollah Ali Khamenei. The son, Faridedin Hadad Adel, who is also related to the ayatollah by marriage, tweeted that he had gotten the virus after visiting a school in the holy city of Qom, which is an epicenter of the virus in Iran.
State media reported that an Iranian parliament member had died from respiratory failure after being admitted to a hospital with flulike symptoms, raising questions about whether that was also a coronavirus case. The member, Mohamad Ali Ramezani, was from Gilan Province, which has emerged as a second epicenter of the epidemic within Iran, after the holy city of Qom. State media reported that an Iranian parliament member had died from respiratory failure after being admitted to a hospital with flulike symptoms, raising questions about whether that was also a coronavirus case. The member, Mohamad Ali Ramezani, was from Gilan Province, which has emerged as a second epicenter of the epidemic within Iran, after the holy city of Qom.
The outbreak has brought life to a standstill in Iran. Officials have temporarily shut down schools, universities and canceled all public gatherings, according to state media.The outbreak has brought life to a standstill in Iran. Officials have temporarily shut down schools, universities and canceled all public gatherings, according to state media.
Masoumeh Aghapour Alishahi, one of the Parliamentarians who has tested positive, released a video message asking Mr. Rouhani to shut down all education centers until the crisis is contained.Masoumeh Aghapour Alishahi, one of the Parliamentarians who has tested positive, released a video message asking Mr. Rouhani to shut down all education centers until the crisis is contained.
The Center of Human Rights in Iran, a research and advocacy group based in the United States, has expressed concerns over reports that prisoners in the country are not being protected from the virus and lack access to medicine, hygiene and sanitary products.The Center of Human Rights in Iran, a research and advocacy group based in the United States, has expressed concerns over reports that prisoners in the country are not being protected from the virus and lack access to medicine, hygiene and sanitary products.
Asadollah Abbasi, a member of Parliament who acts as the body’s spokesman, was quoted in state media as saying that the five positives had emerged from testing of 100 lawmakers. He said other lawmakers would be tested in their own hometowns or in the capital, Tehran. Iran’s Parliament has 290 representatives. Asadollah Abbasi, a member of Parliament who acts as the body’s spokesman, was quoted in state media as saying that the five positive cases had emerged from testing 100 lawmakers. He said other lawmakers would be tested in their own hometowns or in the capital, Tehran. Iran’s Parliament has 290 representatives.
The country’s death toll rose to 43 from 34 on Friday and the number of infected was up to 593 from 388, according to officials cited in state media. Health experts have said that multiplying each death by 50 is offers a rough estimate of the true number of cases, and many believe Iran is underreporting its cases.The country’s death toll rose to 43 from 34 on Friday and the number of infected was up to 593 from 388, according to officials cited in state media. Health experts have said that multiplying each death by 50 is offers a rough estimate of the true number of cases, and many believe Iran is underreporting its cases.
The number of confirmed cases of the coronavirus around the globe passed 85,000 on Saturday, according to a tracker maintained by Johns Hopkins University that draws on data from four sources, including the World Health Organization.The number of confirmed cases of the coronavirus around the globe passed 85,000 on Saturday, according to a tracker maintained by Johns Hopkins University that draws on data from four sources, including the World Health Organization.
Of the more than 85,400 cases recorded, more than 79,000 were in mainland China.Of the more than 85,400 cases recorded, more than 79,000 were in mainland China.
Qatar confirmed its first case of the virus on Saturday, its health ministry said, bringing the number of countries where the virus has been detected to at least 57. The country’s health ministry said in a statement that the patient was a 36-year-old Qatari citizen who had been in quarantine since recently returning from Iran.Qatar confirmed its first case of the virus on Saturday, its health ministry said, bringing the number of countries where the virus has been detected to at least 57. The country’s health ministry said in a statement that the patient was a 36-year-old Qatari citizen who had been in quarantine since recently returning from Iran.
Iran, which has been at the center of the virus’s spread in the region, confirmed an additional 205 cases on Saturday, bringing its official total to 593. It also confirmed a further nine deaths from the virus, bringing the official death toll in the country to 43.Iran, which has been at the center of the virus’s spread in the region, confirmed an additional 205 cases on Saturday, bringing its official total to 593. It also confirmed a further nine deaths from the virus, bringing the official death toll in the country to 43.
France will ban gatherings of more than 5,000 people in enclosed spaces and all gatherings in Oise, its region most affected by the coronavirus, the country’s health minister said on Saturday, as he reported a further 16 confirmed cases of the virus.France will ban gatherings of more than 5,000 people in enclosed spaces and all gatherings in Oise, its region most affected by the coronavirus, the country’s health minister said on Saturday, as he reported a further 16 confirmed cases of the virus.
That brings France’s total cases to 73, more than 50 of which were confirmed in the past few days. Of the country’s coronavirus cases, 59 remain hospitalized, 12 have been released, and two have died.That brings France’s total cases to 73, more than 50 of which were confirmed in the past few days. Of the country’s coronavirus cases, 59 remain hospitalized, 12 have been released, and two have died.
The minister, Olivier Véran, also said at a news conference Saturday afternoon that a half-marathon scheduled for Sunday in Paris would be canceled.The minister, Olivier Véran, also said at a news conference Saturday afternoon that a half-marathon scheduled for Sunday in Paris would be canceled.
In some areas in Oise and in Haute-Savoie, a southeastern region that is home to the other cluster of infections in France, schools will be closed starting on Monday, the minister said.In some areas in Oise and in Haute-Savoie, a southeastern region that is home to the other cluster of infections in France, schools will be closed starting on Monday, the minister said.
MIPIM, a giant annual real-estate event held in Cannes, France, that had been scheduled for March, also announced on Saturday that it would be postponed until June.MIPIM, a giant annual real-estate event held in Cannes, France, that had been scheduled for March, also announced on Saturday that it would be postponed until June.
Spain, where the caseload rose to 51 on Saturday, is still allowing large gatherings. Officials say that the spread within the country is taking place at a “controlled” pace.Spain, where the caseload rose to 51 on Saturday, is still allowing large gatherings. Officials say that the spread within the country is taking place at a “controlled” pace.
But on Saturday, the authorities in the northeastern region of Catalonia ordered people showing symptoms of coronavirus to stay at home rather than go to hospitals, stressing that patients crowding into medical establishments risked spreading the virus more rapidly.But on Saturday, the authorities in the northeastern region of Catalonia ordered people showing symptoms of coronavirus to stay at home rather than go to hospitals, stressing that patients crowding into medical establishments risked spreading the virus more rapidly.
People with fever and other symptoms should call a special emergency number and wait for a medical team to visit them and gather a sample for testing, Alba Vergès, a Catalan health official, told a news conference.People with fever and other symptoms should call a special emergency number and wait for a medical team to visit them and gather a sample for testing, Alba Vergès, a Catalan health official, told a news conference.
In Italy — the center of the outbreak in Europe, with 888 confirmed cases and 21 deaths — the main professional soccer league, Serie A, postponed five matches scheduled for this weekend.In Italy — the center of the outbreak in Europe, with 888 confirmed cases and 21 deaths — the main professional soccer league, Serie A, postponed five matches scheduled for this weekend.
In a revised schedule posted to Twitter on Saturday, the five games, including a clash between the league leader, Juventus, and third-place Inter Milan, are set for May 13, at venues to be decided.In a revised schedule posted to Twitter on Saturday, the five games, including a clash between the league leader, Juventus, and third-place Inter Milan, are set for May 13, at venues to be decided.
South Korea, which has the largest coronavirus outbreak outside China, reported 813 new cases on Saturday, bringing its total to 3,150. In North Korea, Kim Jong-un ordered all-out efforts to fight the virus at a high-level meeting, state media reported.South Korea, which has the largest coronavirus outbreak outside China, reported 813 new cases on Saturday, bringing its total to 3,150. In North Korea, Kim Jong-un ordered all-out efforts to fight the virus at a high-level meeting, state media reported.
South Korean officials have warned that confirmed cases would rise sharply as they aggressively tested thousands of people, particularly in the southeastern city of Daegu. More than 86 percent of patients have been in Daegu and nearby towns; many have been associated with a church called Shincheonji, which has a strong presence in Daegu.South Korean officials have warned that confirmed cases would rise sharply as they aggressively tested thousands of people, particularly in the southeastern city of Daegu. More than 86 percent of patients have been in Daegu and nearby towns; many have been associated with a church called Shincheonji, which has a strong presence in Daegu.
The United States military, which has more than 28,000 personnel in South Korea, said on Saturday that the spouse of an American soldier infected with the virus had also tested positive for it. She had been in self-quarantine since Wednesday, following her husband’s diagnosis, and was being transported to a military hospital, the military said.The United States military, which has more than 28,000 personnel in South Korea, said on Saturday that the spouse of an American soldier infected with the virus had also tested positive for it. She had been in self-quarantine since Wednesday, following her husband’s diagnosis, and was being transported to a military hospital, the military said.
Also on Saturday, Mr. Kim, North Korea’s leader, convened the Politburo of his ruling party to order an all-out campaign to prevent an outbreak, state media reported. The North has not reported any coronavirus cases, but there has been concern that it could be hiding an outbreak.Also on Saturday, Mr. Kim, North Korea’s leader, convened the Politburo of his ruling party to order an all-out campaign to prevent an outbreak, state media reported. The North has not reported any coronavirus cases, but there has been concern that it could be hiding an outbreak.
The North’s official Korean Central News Agency said that officials had discussed “measures to deter the influx and spread of the infectious disease in a scientific, pre-emptive and lockdown way.”The North’s official Korean Central News Agency said that officials had discussed “measures to deter the influx and spread of the infectious disease in a scientific, pre-emptive and lockdown way.”
North Korea has already closed its 930-mile border with China, where the coronavirus emerged, and its border with Russia, as well as suspending all flights and trains to and from China and asking all foreign diplomats not to leave their compounds. But the Chinese border, which runs along a shallow river, has long been porous for smugglers.North Korea has already closed its 930-mile border with China, where the coronavirus emerged, and its border with Russia, as well as suspending all flights and trains to and from China and asking all foreign diplomats not to leave their compounds. But the Chinese border, which runs along a shallow river, has long been porous for smugglers.
The state media report Saturday also said that Mr. Kim had fired one of his top aides, Ri Man-gon, and another official for corruption, but it was unclear whether the dismissals were connected to the antivirus campaign.The state media report Saturday also said that Mr. Kim had fired one of his top aides, Ri Man-gon, and another official for corruption, but it was unclear whether the dismissals were connected to the antivirus campaign.
HNA Group, the Chinese giant once famous for its dramatic global shopping spree, has asked the Chinese government to help bail it out as it struggles with a slowdown from the coronavirus outbreak.HNA Group, the Chinese giant once famous for its dramatic global shopping spree, has asked the Chinese government to help bail it out as it struggles with a slowdown from the coronavirus outbreak.
The company, which owns Hainan Airlines and several air-travel-related assets, said it could not deal with a cash crunch on its own after flight cancellations across China and overseas. In a statement posted to its Chinese social media account, the company said it requested the help of a working group of officials from the province of Hainan, where it is headquartered.The company, which owns Hainan Airlines and several air-travel-related assets, said it could not deal with a cash crunch on its own after flight cancellations across China and overseas. In a statement posted to its Chinese social media account, the company said it requested the help of a working group of officials from the province of Hainan, where it is headquartered.
It was not immediately clear whether the move amounted to a formal nationalization of the already troubled company, which has wrestled with tens of billions of dollars of debt after scooping up companies around the world, from a Swiss logistics firm to stakes in Deutsche Bank and even Hilton Worldwide Hotels.It was not immediately clear whether the move amounted to a formal nationalization of the already troubled company, which has wrestled with tens of billions of dollars of debt after scooping up companies around the world, from a Swiss logistics firm to stakes in Deutsche Bank and even Hilton Worldwide Hotels.
Officials from the civil aviation administrator and China Development Bank will take over the responsibility of managing the company’s risk, HNA said on Saturday. The group would be led by Gu Gang, who is chairman of Hainan Development Holdings Co., the investment unit of the government of Hainan.Officials from the civil aviation administrator and China Development Bank will take over the responsibility of managing the company’s risk, HNA said on Saturday. The group would be led by Gu Gang, who is chairman of Hainan Development Holdings Co., the investment unit of the government of Hainan.
HNA also said that it would add two more seats to its board, including Mr. Gu, who would become executive chairman. Ren Qinghua, another official and director of the Administrative Committee of Yangpu Economic Development, would join the board and be made co-chief executive officer alongside Adam Tan, the current top executive.HNA also said that it would add two more seats to its board, including Mr. Gu, who would become executive chairman. Ren Qinghua, another official and director of the Administrative Committee of Yangpu Economic Development, would join the board and be made co-chief executive officer alongside Adam Tan, the current top executive.
Reports of coronavirus patients testing positive for the virus again after recovering have raised alarm, but health experts say it’s likely that faulty tests are to blame.Reports of coronavirus patients testing positive for the virus again after recovering have raised alarm, but health experts say it’s likely that faulty tests are to blame.
The Japanese government reported this week that a woman in Osaka had tested positive for the coronavirus for a second time, weeks after recovering from the infection and being discharged from a hospital. Chinese officials have announced similar cases.The Japanese government reported this week that a woman in Osaka had tested positive for the coronavirus for a second time, weeks after recovering from the infection and being discharged from a hospital. Chinese officials have announced similar cases.
But experts said that recovered patients should have at least short-term immunity.But experts said that recovered patients should have at least short-term immunity.
The apparent reinfections could be the result of false negatives when the patients were discharged, said Marc Lipsitch, an epidemiologist at the Harvard T.H. Chan School of Public Health. The throat swabs used to examine for the virus can be technically tricky, and they can miss an infection elsewhere in the body.The apparent reinfections could be the result of false negatives when the patients were discharged, said Marc Lipsitch, an epidemiologist at the Harvard T.H. Chan School of Public Health. The throat swabs used to examine for the virus can be technically tricky, and they can miss an infection elsewhere in the body.
“A negative test is not a definitive that there is no more virus in that person,” Dr. Lipsitch said.“A negative test is not a definitive that there is no more virus in that person,” Dr. Lipsitch said.
Even if patients test positive long after they stop displaying symptoms, they may no longer pose a transmission risk to others, according to a report published on Thursday in JAMA. And even if there are occasional cases of true reinfection, so far, they do not seem to be occurring in large enough numbers to be a priority.Even if patients test positive long after they stop displaying symptoms, they may no longer pose a transmission risk to others, according to a report published on Thursday in JAMA. And even if there are occasional cases of true reinfection, so far, they do not seem to be occurring in large enough numbers to be a priority.
As the coronavirus outbreak spreads, the world’s biggest companies have begun painting a bleak picture of broken supply chains, disrupted manufacturing, empty stores and flagging demand for their wares.As the coronavirus outbreak spreads, the world’s biggest companies have begun painting a bleak picture of broken supply chains, disrupted manufacturing, empty stores and flagging demand for their wares.
The announcements by businesses like Mastercard, Microsoft, Apple and United Airlines offer a look at how the virus is affecting consumer behavior and business sentiment. These corporate bulletins — and what executives do in response — could determine how much economic damage the outbreak inflicts.The announcements by businesses like Mastercard, Microsoft, Apple and United Airlines offer a look at how the virus is affecting consumer behavior and business sentiment. These corporate bulletins — and what executives do in response — could determine how much economic damage the outbreak inflicts.
Some companies have expressed optimism that governments will curb new infections and that consumer spending in Europe and North America will be largely unscathed. But if executives see a threat beyond the first three months of the year, they may pare planned investments and even lay off workers.Some companies have expressed optimism that governments will curb new infections and that consumer spending in Europe and North America will be largely unscathed. But if executives see a threat beyond the first three months of the year, they may pare planned investments and even lay off workers.
The seven-day stock-market plunge this week, the steepest since the financial crisis, suggests that investors are bracing for bad news.The seven-day stock-market plunge this week, the steepest since the financial crisis, suggests that investors are bracing for bad news.
“Everything is slowing down even more — and that has not been fully appreciated,” said Michael O’Rourke, chief market strategist at JonesTrading.“Everything is slowing down even more — and that has not been fully appreciated,” said Michael O’Rourke, chief market strategist at JonesTrading.
On Friday, the S&P 500 index fell about 0.8 percent, and the Dow Jones industrial average fell more than 1 percent. The S&P index lost more than 11 percent in the week, and almost 13 percent since its peak on Feb. 19.On Friday, the S&P 500 index fell about 0.8 percent, and the Dow Jones industrial average fell more than 1 percent. The S&P index lost more than 11 percent in the week, and almost 13 percent since its peak on Feb. 19.
In Europe, the Britain’s FTSE 100 fell more than 3 percent and the Dax in Germany fell more than 4 percent. In Asia, the Nikkei 225 in Japan closed down 3.7 percent, the KOSPI in South Korea dropped 3.3 percent and the Shanghai Composite in China dropped 3.7 percent.In Europe, the Britain’s FTSE 100 fell more than 3 percent and the Dax in Germany fell more than 4 percent. In Asia, the Nikkei 225 in Japan closed down 3.7 percent, the KOSPI in South Korea dropped 3.3 percent and the Shanghai Composite in China dropped 3.7 percent.
Reporting and research were contributed by Mike Baker, Michael Crowley, Peter Eavis, Donald G. McNeil Jr., Choe Sang-Hun, Thomas Fuller, Sheri Fink, Nicholas Bogel-Burroughs, Raphael Minder, Amy Qin, Sui-Lee Wee, Vivian Wang, Katie Rogers, Apoorva Mandavilli, Peter Robins, Derrick Taylor, Norimitsu Onishi, Motoko Rich and Makiko Inoue.Reporting and research were contributed by Mike Baker, Michael Crowley, Peter Eavis, Donald G. McNeil Jr., Choe Sang-Hun, Thomas Fuller, Sheri Fink, Nicholas Bogel-Burroughs, Raphael Minder, Amy Qin, Sui-Lee Wee, Vivian Wang, Katie Rogers, Apoorva Mandavilli, Peter Robins, Derrick Taylor, Norimitsu Onishi, Motoko Rich and Makiko Inoue.