Trump reaches aid deal with Democrats as cases mount

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Image: Servpro workers file in to begin a third day of cleaning at Life Care Center of Kirkland
Servpro workers begin a third day of cleaning Friday at Life Care Center of Kirkland, Wash., a long-term care facility linked to several confirmed coronavirus cases. Lindsey Wasson / Reuters

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President Donald Trump declared a national emergency on Friday, the most significant move yet by the U.S. government to head off the coronavirus outbreak, and House Democrats and the White House later reached a deal on an aid package.

Trump's declaration came as many public and private institutions have taken action — including canceling major events, temporarily banning large gatherings, closing schools and telling people to work from home — in an effort to slow the spread of the virus.

The Dow Jones Industrial Average tumbled, soared, and then closed with a gain of 1,900 points after the emergency declaration. Wall Street had reeled Thursday afternoon after coronavirus fears drove the markets to their worst day since the Black Monday crash in 1987.

The United States as of Friday afternoon had surpassed 2,000 confirmed or presumptive cases of the coronavirus, and the death toll climbed to 41.

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Boston Marathon postponed until Sept. 14

The marathon, originally scheduled for April 20, will now be held on Sept. 14, the Boston Athletic Association said in a statement.

“On matters of public health and safety we take our guidance from the officials entrusted with protecting the public in this area,” said Tom Grilk, CEO of the association. “We understand our role, along with our partners, in ensuring a safe environment for all participants, volunteers, spectators, and supporters that meets the standards set by those officials.”

Masters golf tournament postponed

"Considering the latest information and expert analysis, we have decided at this time to postpone the Masters Tournament, the Augusta National Women’s Amateur and the Drive,  Chip and Putt National Finals," said Fred Ridley, Chairman of Augusta National Golf Club.

The Masters had been scheduled for April 9 through 12.

France bans gatherings for over 100

France has banned gatherings for more than 100 people to contain the outbreak of coronavirus in the country, Prime Minister Edouard Philippe announced Friday.

The move  comes after French President Emmanuel Macron announced Thursday that schools, daycare centers, and universities would close starting the following Monday.

In a televised interview, Macron called coronavirus the "most serious sanitary crisis France has ever known in a century." The country had more than 1,500 confirmed cases of the virus as of Friday.

Michigan suspends outside visits at state prisons

Michigan is halting in-person visits at its more than three dozen state prisons in an effort to limit the potential spread of the coronavirus, although officials said there have been no cases among its prison population.

The state has at least 12 cases of COVID-19. "This was not a decision we arrived at lightly, as we understand and recognize the importance of family contact with the prison population," Heidi Washington, the director of the Michigan Department of Corrections, said in a statement Friday.

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Ted Cruz extends coronavirus quarantine

Sen. Ted Cruz, R-Texas, said Friday he was extending his self-quarantine after coming in contact with a second person who later tested positive for coronavirus. 

Cruz was already in self-quarantine after attending the Conservative Political Action Conference in Maryland last month, where a person tested positive for COVID-19. The lawmaker said Friday he remains without symptoms and would self-quarantine until March 17. 

“On March 3, I met in my D.C. office with Santiago Abascal, the leader of the Vox Party in Spain," he said in a statement Friday. "We met for about 20 minutes, sitting together at a conference table. We shook hands twice and took pictures together."

“My understanding is that Mr. Abascal tested positive for COVID-19 last night," he said. "His staff have informed us that he was asymptomatic at the time of our meeting and that several days after our meeting he had extended interactions with another individual who has also tested positive."

 

Germany offers 'loans of any size' to struggling businesses

Germany said Friday it is prepared to make loans of any size to help companies get over liquidity issues related to the coronavirus pandemic, according to a statement released by the finance and economy ministries.

German Finance Minister Olaf Sholz said the country would take on debt to help businesses avoid potential economic breakdown. He also suggested that the government could step in and take ownership stakes in German companies. 

In the U.S., President Donald Trump has promised financial stimulus such as providing loans to small businesses affected by widespread fears of the virus.

Where things stand on coronovirus aid bill

We left last night with Speaker Pelosi saying that her and Treasury Secretary Mnuchin were “close” to a deal on the coronavirus legislative package. Negotiations continue today as there are still a couple of outstanding issues.

Secretary Mnuchin said on CNBC that “negotiations are going very well. This has been a bipartisan effort,” noting he has spoken to President Trump and GOP leadership several times during this process. “I think we are very close to getting this done.”

In Manhattan, bus cleanings ramp up

Wall Street bounces back after worst day since Black Monday

Wall Street rallied on Friday, bouncing firmly back after the worst day for markets since the Black Monday crash in 1987.

The Dow Jones Industrial Average soared by around 1,200 points, with the S&P and Nasdaq surging by around 5 percent each.

The boost in stocks came after lawmakers and the White House appeared closed to finalizing an economic relief package to address the coronavirus pandemic.

Turkey prepares for coronavirus

Workers from Istanbul Municipality disinfect a mosque to prevent the spread of the COVID-19, coronavirus ahead of Friday prayers on Friday in Istanbul, Turkey.Chris McGrath / Getty Images