Let's go over the top stories Thursday.
Despite the Fed's program launch to help support money markets, futures were falling ahead of the open.
The Fed late Wednesday set up the Money Market Mutual Fund Liquidity Facility to assist money-market funds “in meeting demands for redemptions by households and other investors, enhancing overall market functioning and credit provision to the broader economy.”
Good morning, it’s Thursday, March 19.
As you can see, we’re doing things a little differently this morning, and I’m bringing you the top stories this morning from my home.
So let’s get to it.
This morning, we’re giving you a look at the markets and an update on the coronavirus.
This morning, we saw volatility in the futures.
At the closing bell yesterday, the Dow closed down 6.3%, the S&P 500 and Nasdaq were down around 5%.
There are now over 222,000 cases of the coronavirus.
Here are the top five countries by cases Thursday: China, Italy, Iran, Spain, and Germany.
The U.S. comes in sixth, with over 9,400 cases. There are over 120 deaths.
Italy, on Wednesday, announced 475 deaths from the virus, which--at this rate--puts Italy on track to surpass China in deaths from the virus.
But, there’s always a light at the end of the tunnel. China’s Hubei province--which was the epicenter of the outbreak--announced no new locally transmitted infections since we first started reporting on this virus around three months ago.
And the number of fully recovered cases has climbed to 84,000.
And young folks, listen up. The Center for Disease Control has warned that up to 20% of younger adults--between the ages of 20 to 44. Looking at the nearly 2,500 first cases of the virus, 705 of those cases were people aged 20 to 44. And between 15 to 20% of those cases ended up in the hospital.
So, it’s incredibly important to follow the recommendations of the government, CDC and surgeon general.
Stay safe out there, y’all.
Jim Cramer and I will be breaking down the latest live at 10am. You can watch us on TheStreet or find us on Facebook or Twitter @TheStreet.