Coronavirus
Trump Signs $8.3 Billion Coronavirus Emergency Funding Into Law
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.
Secretary Elaine Chao: USDOT Part of Government Plan to Address Coronavirus
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.
US Business Leaders Caution Against Overreacting to Virus
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.
Ford Bans All Business Trips After Two Employees Contract Coronavirus
Ford Motor Co. has banned all air travel for business after two of its employees in China contracted the coronavirus.
Economists Fear Possible Recession as Coronavirus Spreads
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.
First Negative US Yields Get Closer Amid Virus Fallout Fears
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.
Trump Stresses Travel Precautions, Anticipates Market Rebound
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.
Apple’s Tim Cook Sees Minor Supply Chain Changes in Wake of Virus
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.”
Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic
Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.
Geneva Auto Show Canceled as Switzerland Bans Large Events
GENEVA — The Geneva auto show was canceled after the Swiss government put an immediate ban Feb. 28 on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.