Coronavirus
– Coronavirus cases top 200,000
– Coronavirus has now spread to all 50 states and DC, US death toll passes 100
– Thousands line up for first drive-thru coronavirus testing
Finance/Business
– Fed cuts rate to 0, starts QE
– Reserve requirements cut to zero
– Fed Establishes Currency Swaps With 9 Central Banks
– Fed backstops money markets
– Fed backstops municipal bonds
– Dow drops 3,000 points on Monday
– 10-year Treasury yield sees biggest one-day drop since March 2009 after Fed’s emergency actions
– NYSE to temporarily close floor
– Dow closes below 20,000
– 1 and 3 month Treasuries hit negative rates
– Paper and physical gold price decouple
– Unemployment claims skyrocket
– ECB announces €750 billion Pandemic Emergency Purchase Programme
– Oil hits 18-year low
– Companies suspend earnings forecast
– Manufacturing orders plunge from 33.6 to -15.5
– Bank of England (BOE) cut interest rates to 0.1%
World
– France and Spain ban all non-essential activities
– Canada closes borders to foreign travelers
– England to shut schools
– European Union closes external borders
– China Expels American Journalists
– UK national lockdown
Government
– Atlanta mayor declares state of emergency in city
– House lawmakers indefinitely postpone return to Washington
– Supreme Court, for first time since 1918, postpones oral arguments
– Canadian border closes
– Government bailout requests top $1 trillion
– Congressman insider trading
Closures
– Closure of restaurants, bars in Washington state will last 2 weeks and may be extended
– NY City Schools, Restaurants and Bars Are Shut Down
– Chick-fil-A closes dining room doors
– T-Mobile Closes Indoor Mall Stores
– T-Mobile closes 80% of corporate retail stores
– Bay Area counties ordered to shelter in place
– Automakers temporarily shut down factories
– Malls shut down
– Hollywood Studios Halt Film And TV Production
– Atlanta limits restaurants, closes bars
– California issues order to ‘stay at home’
Links
– “Total F**king Carnage” – Global Liquidation Accelerates Despite Massive Monetary Intervention
– 3/16 updates
