Coronavirus Update: Cases Worldwide, Stimulus Bill Vote, and U.S. Impact

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Happy Monday.

Here's what you need to know. 

The futures took a swing for the green after the Federal Reserve said it will buy an unlimited amount of government debt, as well as corporate and municipal bonds, in the biggest expansion of its balance sheet in history.

And cases worldwide have surpassed 343,000, with over 14,000 cases.

Watch the video above for more. 

Read more from the Fed here. 

Video Transcript:

Good morning, it’s Monday, March 23.

This morning, I’m breaking down the latest on the coronavirus.

We’re going to start by talking about the U.S. stimulus plan, which failed to advance the Senate vote.

The $2 trillion dollar relief bill will face another vote Monday.

Democrats blocked the bill, claiming that corporations benefited too much from the plan and individuals and healthcare workers were not economically protected enough from the fallout of the coronavirus pandemic.

Republicans have accused Democrats of being--and I quote--reckless during the crisis.

Now let’s go over the global cases.

There are over 343,000 cases of the virus worldwide, with nearly 15,000 deaths.

The top five infected countries include 81,000 in China, 59,000 in Italy, 35,000 in the U.S., 29,000 in Spain and 26,000 in Germany.

The country with the highest amount of deaths is Italy, with 5,400.

But, in positive news, there are nearly 99,000 recovered cases worldwide.

And now, let’s focus on the U.S.

As I just mentioned, the U.S. is the third most impacted country by cases.

And New York state has around 5% of the world’s cases. There are over 15,000 cases of the virus in the state, which saw a jump of 4,800 since Saturday.

1 in 3 Americans are under stay at home orders.

We’ll be keeping you updated over on and, of course, Jim Cramer and I will be breaking down everything you need to know this morning live at 10:30 am this morning. You can watch us on TheStreet or find us on Facebook or Twitter @TheStreet

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