Government, Business

Economic Concern Spreads in US Along With Coronavirus

Man in mask outside NYSE A man wearing a mask walks by the New York Stock Exchange March 9. (Mark Lennihan/AP)

Rick Cotton, executive director of the Port Authority of New York and New Jersey, is being treated for the coronavirus after testing positive, New York Gov. Andrew Cuomo announced March 9.

Dan Ronan | Associate News Editor
March 9, 2020
Government, Business, Fuel

Stocks, Oil Plunge Over Global Fight for Crude Production

Man in mask in Hong Kong A man wearing a mask walks past a share index board outside a bank in Hong Kong. (Kin Cheung/AP)

BEIJING — Global stock markets and oil prices plunged March 9 after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.

Joe McDonald | Associated Press
March 9, 2020
Government, Safety

Trump Signs $8.3 Billion Coronavirus Emergency Funding Into Law

Donald Trump signs bill as Health and Human Services Secretary Alex Azar looks on President Donald Trump signs the bill as Health and Human Services Secretary Alex Azar watches March 6, 2020, at the White House. (Evan Vucci/Associated Press)

Legislation to provide $8.3 billion for public health initiatives meant to tackle the spread of the coronavirus was signed into law by President Donald Trump on March 6.

Eugene Mulero | Senior Reporter
March 6, 2020
Government, Business, Safety

Secretary Elaine Chao: USDOT Part of Government Plan to Address Coronavirus

Coronavirus Vice President Mike Pence (bottom right), arrives at the Capitol with other coronavirus task force members and staff to brief U.S. House members. (J. Scott Applewhite/Associated Press)

WASHINGTON — A White House task force led by Vice President Mike Pence that is tackling the spread of the coronavirus is assisted by input from transportation officials, Secretary Elaine Chao reminded senators March 4.

Eugene Mulero | Senior Reporter
March 4, 2020
Government, Business

US Business Leaders Caution Against Overreacting to Virus

Coronavirus Getty Images

U.S. Chamber of Commerce officials and travel industry leaders urged businesses and consumers not to overreact to the spread of coronavirus and to take precautions while going about business as usual.

Ben Brody | Bloomberg News
March 4, 2020
Business, Safety

Ford Bans All Business Trips After Two Employees Contract Coronavirus

Ford Motor Co. David Zalubowski/Associated Press

Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus.

Keith Naughton | Bloomberg News
March 3, 2020
Government, Business, Safety, Logistics

Economists Fear Possible Recession as Coronavirus Spreads

Port of Los Angeles Cargo shipping container trucks at the Port of Los Angeles. Imports to the port will take a hit in the next month with the production slowdown in China. (Patrick T. Fallon/Bloomberg News)

Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.

Dan Ronan | Associate News Editor
March 2, 2020
Government, Business

First Negative US Yields Get Closer Amid Virus Fallout Fears

Coronavirus A foreign currency dealer works in a dealing room of Hana Bank in Seoul. (SeongJoon Cho/Bloomberg News)

The swirl of fresh coronavirus cases and growing risks to the global economy have some seasoned market strategists warning that U.S. growth could come to a halt this year and some Treasury yields may drop below zero for the first time.

Liz Capo McCormick | Bloomberg News
March 2, 2020
Government, Safety

Trump Stresses Travel Precautions, Anticipates Market Rebound

CDC coronavirus test CDC's laboratory test kit for the coronavirus. (CDC via AP)

President Donald Trump stressed public safety is his administration’s priority as it addresses growing concerns with the spread of the coronavirus. Trump also told reporters at the White House Feb. 29 he believed markets would rebound after experiencing recent record lows.

Eugene Mulero | Senior Reporter
February 28, 2020
Government, Business, Logistics

Apple’s Tim Cook Sees Minor Supply Chain Changes in Wake of Virus

Apple CEO Tim Cook Apple CEO Tim Cook by David Paul Morris/Bloomberg News

Apple Inc. Chief Executive Officer Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition.”

Mark Gurman | Bloomberg News
February 28, 2020