What to Watch Wednesday: Coronavirus Cases, Super Tuesday and Robinhood

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Let’s take a look at what’s sending futures surging this morning.

First, we’ll update you on the coronavirus and then we’ll take a look at Super Tuesday and finally, Robinhood is reportedly still facing outages.

Let's Start With the Coronavirus 

There are now over 93,000 cases of the virus worldwide.

And there have been 3,100 deaths.

The global death rate for COVID-19, which is the disease that the virus cases, is 3.4 percent, according to the World Health Organization. This makes the virus deadlier than the seasonal flu, which has a mortality rate beneath 1%.

In the U.S., nine people have died from the virus. So far, all nine deaths reported have been in Washington state.

In total, there are at least 108 cases of the virus spread throughout a dozen states, according to the CDC.

Outside of the U.S., there are over 5,200 cases in South Korea. Iran has 2,900 cases and Italy has 2,200 cases.

Germany has 240 cases of the virus. Poland has reported its first case. New Zealand has confirmed its second case. And the United Kingdom has 51 cases.

Amazon announced late Tuesday that an employee based out of the Seattle headquarters had tested positive for the virus.

Now, Let’s Switch to Politics

Tuesday was Super Tuesday, which means that millions of Americans took to the polls.

Former vice president Joe Biden won Alabama, Arkansas, Massachusetts, Minnesota, North Carolina, Oklahoma, Tennessee, Texas, Virginia, Maine.

Bernie Sanders took home Colorado, Utah, Vermont and California.

And, Finally, Robinhood 

The app has been acting up for investors over the past two days.

Investors using the app were unable to make trades during Monday’s market rally and yesterday’s volatile trading session, where the Federal Reserve held an emergency meeting and decided to cut its benchmark interest rates by 50 basis points.

To compensate for the outages, Robinhood is giving some customers billing credits and premium customers, who pay $5 a month, will get three months worth of service for free.

Late Tuesday, the founders put out a statement promising that the team at Robinhood is working to restore service and that the outage was caused by “stress” the app’s infrastructure which struggled with an “unprecedented load.”

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