What to Watch Ahead of the Closing Bell: Coronavirus Cases Worldwide, U.S. Cases and Markets

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Here's what you need to know ahead of the closing bell.'

There are over 227,000 cases of the virus worldwide, with over 9,300 deaths.

The U.S. has over 10,700 cases. Over 150 people have died from the virus in the U.S.

Video Transcript:

Good afternoon, it’s Thursday, March 19.

Today, let’s talk about the markets and give you an update on the coronavirus.

This has been an incredibly volatile trading session, with the major indices flipping back and forth between being negative and positive.

The leaders are energy, consumer discretionary, and the communication services sector.

And President Trump said Thursday that he supports the U.S. government taking an equity stake in companies that get coronavirus air, but he added that he opposes the use of the aid for buying back stocks or rewarding executives.

The President added that he would also be okay with provisions in legislation prohibiting stock buybacks or executive bonuses.

Now let’s give you an update on the coronavirus.

There are over 227,000 cases of the virus, with over 9,300 deaths.

Italy’s death toll, currently standing at 3,405 per Reuters, has officially surpassed China’s death toll.

The U.S. has surpassed 10,000 cases, with current cases over 10,700. Over 150 people have died from the virus in the U.S.

U.S. cases have soared by 40% in just 24 hours.

President Trump has said that the Carnival Cruise chairman, Micky Arison, will provide cruise ships for medical use. He added that the ships will be docked in New York, Los Angeles and San Francisco.

And Atlanta is just the latest city to shutter bars and gyms and limit restaurants to takeout.

Governor Andrew Cuomo has ordered 75% of non-essential workforces to stay home. New York cases have surged to 4.152.

Please be safe.

And, as always, stick with thestreet for the latest.