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As of Thursday, March 12, there are more than 134,000 global cases of the coronavirus, with over 4,900 deaths. The United States has over 1,500 cases with 40 deaths.
The World Health Organization has declared the coronavirus outbreak a global pandemic.
In an address to the nation on Wednesday, President Donald Trump announced that travel from Europe to the United States, excluding the United Kingdom, would be banned for the next 30 days. The restrictions go into effect Friday, March 13, at midnight.
On Wednesday, the NBA announced it has suspended all basketball games until further notice. Utah Jazz player Rudy Gobert tested positive for COVID-19, as did his teammate, Donovan Mitchell. The NHL has also suspended its season.
In New York city, subways are strangely empty as many employees choose to work from home. Large public gatherings of over 500 people have been banned and Broadway shows, for the time being, have been shut down.
Meanwhile, the entire country of Italy is on lockdown, with most shops except supermarkets and pharmacies shuttered. Italians are practicing extreme social distancing, with police enforcing a physical distance between people of about six feet.
The market fallout has been extreme, with the Dow and S&P 500 in bull market territory.
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