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CNBC FinanceFeb 28, 2020
US stocks erase $3.18 trillion in value this week amid coronavirus tailspin
The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices.

RELATED ARTICLES
Dow Jones Industrial Average slides 357 points on coronavirus fears as stocks post worst week since 2008 (USA Today Money)
Stocks Suffer Worst Week Since Financial Crisis Amid Coronavirus Fears (NYTimes Business)

CNBC FinanceFeb 28, 2020
Stock market live updates: Dow loses 3,500 points on week, closes off lows, Fed pledges support
The coronavirus continued to roil markets on Friday.

RELATED ARTICLES
NewsWatch: Stock-market expert says what many are thinking as Dow sheds 3,600 points in a week: ‘This market is not normal' (MarketWatch)
Market Snapshot: Dow, S&P 500 fall for 7th straight day; stocks suffer biggest weekly fall since 2008 (MarketWatch)

NYTimes BusinessFeb 28, 2020
In Rare Statement, Fed Chair Keeps Rate Cut on Table as Virus Risks Roil Markets
Federal Reserve officials are watching markets as coronavirus risks spook investors, and say they will ‘act as appropriate.'

RELATED ARTICLES
Fed chief signals likely rate cut next month in response to coronavirus, market meltdown (USA Today Money)
Fed Rate Cut Due To Coronavirus Matter Of When, Not If (Forbes Headlines)

Washington Post BusinessFeb 28, 2020
What Market Meltdown? Let's Do a $19 Billion Buyout
Advent and Cinven will have to strain every sinew to make their purchase of Thyssenkrupp's elevator business pay off.

CNBC FinanceFeb 28, 2020
Dow falls 350 points Friday to cap the worst week for Wall Street since the financial crisis
Stocks tumbled once again over the coronavirus. The Dow, however, closed well off its session lows.

Forbes HeadlinesFeb 28, 2020
Wild Week Ends With Stocks, Bond Yields, And Crude Oil Plunging, But Off Intraday Lows
Some investors appear to be seeing a buying opportunity here, judging from the market's rapid upswing in the last half hour of trade. There's no guarantee this can last, and weekend events could play a big role.

Reuters BusinessFeb 28, 2020
Factbox: Global central bankers on coronavirus, possibility of rate cuts
With the rapid global spread of the new coronavirus and the U.S. stock market suffering its worst week since the Great Recession, central bankers around the world are under rising pressure to reduce borrowing costs to create a cushion against economic harm. So far they have largely resisted. Following are some of their recent remarks:

Reuters BusinessFeb 28, 2020
Wall Street Weekahead: Main Street leans toward Sanders, but Wall Street says Trump
Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.

RELATED ARTICLES
Wall Street has a fire sale and no one shows up: Market expert (Yahoo Business)

Reuters Company NewsFeb 28, 2020
WRAPUP 14-Global downturn looms as countries struggle to contain coronavirus outbreak
The coronavirus spread further on Friday, with cases reported for the first time in at least six countries across four continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to "very high."

RELATED ARTICLES
Coronavirus update: WHO warns of 'global level risk' as pandemic fears wallop global markets (Yahoo Business)
UPDATE 3-Coronavirus now poses 'very high' risk at global level -WHO (Reuters Company News)

MarketWatch MarketPulseFeb 28, 2020
Stocks record worst week since financial crisis as coronavirus concerns heat up
U.S. stocks capped the week with another session of painful losses on Friday amid worries around the COVID-19 outbreak's potential to upend the global economy. Stocks trimmed Friday's losses by the closing bell with the Nasdaq turning positive. The S&P 500 was down 0.8% to end around 2,955. The Dow Jones Industrial Average retreated 358 points, or 1.4%, to finish near 25,409, based on preliminary numbers. The Nasdaq Composite was up less than 0.1% at 8,567. But for the week, the S&P 500 was down 11.5%, the Nasdaq fell 10.5%, and the Dow tumbled 12.4%. For the month, the S&P fell 8.4%, Dow fell 10%, and the Nasdaq dropped 6.4%. Federal Reserve Chairman Jerome Powell issued a statement saying the U.S. central bank would act as appropriate and monitor the coronavirus impact, an announcement that raised expectations for monetary easing later this year. The 10-year Treasury note yield set a record closing low of 1.127% on Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Washington Post BusinessFeb 28, 2020
Markets Are Pricing in a Coronavirus Recession
The deluge of business warnings around the coronavirus is alarming and a correction was overdue anyway. But is the world really headed for recession?

RELATED ARTICLES
Coronavirus live updates: Fears fuel sell-off, CDC unveils new test kits, online grocery orders surge (CNBC Business)

Forbes HeadlinesFeb 28, 2020
Weathering A Market Downturn
It's important to remember that market downturns are a natural and healthy part of investing in the stock market. Here are some reminders of what you should and should not do before, during, and after an extended market downturn.

RELATED ARTICLES
CDC's coronavirus test bogged down by questions over accuracy and availability (MarketWatch)

Reuters BusinessFeb 28, 2020
Cooling consumer spending, inflation put spotlight on Fed amid coronavirus
U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears of a recession, causes households to tighten their purse strings.

Wall Street Journal US BusinessFeb 28, 2020
Fed: Will 'Act as Appropriate to Support the Economy'
Federal Reserve Chairman Jerome Powell signaled the central bank was prepared to cut interest rates if needed.

RELATED ARTICLES
Federal Reserve to ‘act as appropriate' to support economy (FT.com - Financial Markets)

Reuters BusinessFeb 28, 2020
S&P 500 drops for seventh day, posts biggest weekly fall since 2008 crisis
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could lead to a recession, although stocks cut losses at the end of the day's session.

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US STOCKS SNAPSHOT-S&P 500 drops for 7th day, posts biggest weekly fall since 2008 crisis (Reuters Company News)

Washington Post BusinessFeb 28, 2020
Trump officials discuss tax cuts, other emergency measures in hopes of tackling coronavirus fallout
Options being discussed internally include a payroll tax cut and calling on the Federal Reserve to cut interest rates.

Reuters MoneyFeb 28, 2020
As stocks plunge on coronavirus, hedge funds can brag: 'we're down less!'
This week's stock market plunge on coronavirus worries has given hedge fund managers a rare opportunity to brag that they are performing better than traditional stock market funds during a time of...

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N-CSR - PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC. (0000834126) (Filer) (SEC.gov Updates: News Digest)

Google Business NewsFeb 28, 2020
Federal court blocks Trump's Remain in Mexico border policy - live - The Guardian
Federal court blocks Trump's Remain in Mexico border policy - live  The GuardianAppeals Court Blocks Trump's Remain-In-Mexico Asylum Policy  The Wall Street JournalU.S. appeals court blocks Trump policy forcing migrants to wait in Mexico  ReutersFederal Appeals Court Blocks Trump's ‘Remain in Mexico' Policy  National ReviewView Full Cov

Reuters BusinessFeb 28, 2020
Goldman expects 75 bps of Fed rate cuts by June
Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday, implying as many as three cuts starting at its next meeting in March.

Washington Post BusinessFeb 28, 2020
Asia-based Overwatch League teams flying to Los Angeles amid coronavirus outbreak
This was supposed to be the season teams moved out of LA, but now they're back.

The Motley FoolFeb 28, 2020
Occidental Petroleum Corp (OXY) Q4 2019 Earnings Call Transcript
OXY earnings call for the period ending December 31, 2019.

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Main Street Capital Corp (MAIN) Q4 2019 Earnings Call Transcript (The Motley Fool)
Dicerna Pharmaceuticals Inc (DRNA) Q4 2019 Earnings Call Transcript (The Motley Fool)

The Motley FoolFeb 28, 2020
Dow Falls Another 350 Points on Coronavirus Concerns, Worst Week Since 2008
Markets around the world are continuing to plunge in what's been the worst week in over a decade.

Dismal.com: AnalysisFeb 28, 2020
Economic Roundup: The COVID-19 Outbreak Spreads in Europe
New cases across the Continent sparked further selloffs in European and U.S. stock markets.

CNBC BusinessFeb 28, 2020
BMW, Porsche to debut new cars online after coronavirus outbreak cancels Geneva auto show
The Geneva auto show was canceled after Switzerland announced Friday that it was banning events expected to draw more than 1,000 people.

RELATED ARTICLES
Corona beer maker says U.S. sales remain strong despite virus outbreak (Reuters Business)

CNBC BusinessFeb 28, 2020
Rolls Royce's China sales fall 'close to zero' due to coronavirus
Sales of Rolls-Royces have fallen "pretty close to zero" in China due to the spread of coronavirus, but the company sees early signs of possible recovery, the company's CEO told CNBC.

MarketWatch Breaking NewsFeb 28, 2020
Dow closes down over 350 points Friday, suffering weekly loss of 12%
Dow closes down over 350 points Friday, suffering weekly loss of 12%

CNBC BusinessFeb 28, 2020
Cramer says Apple's stock may not be done falling in coronavirus-driven plunge
CNBC's Jim Cramer said Friday cautioned retail investors against going all in on Apple's coronavirus-driven pullback.

RELATED ARTICLES
UPDATE 1-Apple closely watching coronavirus outbreak in South Korea, Italy -CEO (Reuters Company News)

FT.com - China, Economy & TradeFeb 28, 2020
Coronavirus: the latest figures as the outbreak spreads
The countries affected, the number of deaths and the economic impact

Brad IdeasFeb 28, 2020
Internet, AR, genomic and robotic technologies could make a pandemic much less disasterous
Topic: HealthInternetRobocars These masks don't help the uninfected very much, except stopping you from touching your face.

Back in 2005 during the H5N1 flu, I outlined a number of potential technological solutions to dealing with urban shutdowns due to an epidemic. Sad to say, we don't seem to have done them. We may try some of them in the next (or current) epidemic but some of them needed some simple planning.

A summary of the plans included:

*Plans for much more telecommuting and videoconferencing to facilitate working from home *Plans for video services (using spare TV channels and internet) to allow teachers to convene and teach class to students staying at home. * Plans to improve online shopping, including optimized grocery delivery for those sheltering at home, using delivery people with proper training, or who have received prioritized vaccines, or who are recovered victims with immunity. *In general, making the best use of recovered victims with immunity at all critical infrastructure.

At the time, the internet was not as widespread. I underestimated how quickly small amounts of vaccine can be generated -- it is possible to generate them, but takes many months to test them for


RELATED ARTICLES
Coronavirus (and 5G) will boost telecommuting, change our tech future (Enterprise Application News)

MarketWatch MarketPulseFeb 28, 2020
COVID-19 case tally: 83,861 cases, 2,867 deaths
There are now a total of 83,861 cases of COVID-19 and at least 2,867 deaths, according to the latest figures from the Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. About 36,000 people have recovered. It's another day in which the rising case and death count has been driven largely by the growth of ex-China cases. The novel coronavirus was first identified in December in Wuhan, China. There are 388 cases in Iran and 34 deaths; 655 cases in Italy and 17 deaths; and 2,337 cases and 13 deaths in South Korea. In the U.S., there are 60 cases, including the first possible case of a transmission of the virus in the community, of a woman in Northern California who is being treated at a hospital in Sacramento. In addition, over the past two days, several countries have reported their first cases of COVID-19, including Brazil, Georgia, New Zealand, and Norway.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsFeb 28, 2020
Coronavirus outbreak: World Health Organization gives latest update on virus | LIVE - Global News
Coronavirus outbreak: World Health Organization gives latest update on virus | LIVE  Global News5 ways we can prepare for coronavirus | TheHill  The HillCoronavirus has 'pandemic potential', says World Health Organisation  Channel 4 NewsTwo lessons to be learned in coronavirus outbreak  Daily SabahIf coronavirus spreads within the US, here's how daily life might change  CNN

MarketWatchFeb 28, 2020
China gets back to work — sort of — as number of new COVID-19 cases wanes
Several key economic metrics are ticking upward even as rest of the world begins to cope with the spreading pandemic.

Google Business NewsFeb 28, 2020
NCSU economist: Coronavirus could take down the economy - here's how - WRAL Tech Wire
NCSU economist: Coronavirus could take down the economy - here's how  WRAL Tech WireCoronavirus: at this rate, how is China's economy to recover lost ground?  South China Morning PostCoronavirus: Latest updates on Coronavirus in China, Death Toll, Vaccine and more  Times of IndiaWhat does Coronavirus mean for investors?  Hargreaves LansdownThe facemask that could spot the killer coronavirus  Daily Mail

The Motley FoolFeb 28, 2020
Saudi Arabia's Million-Barrel Plan to Stop Crude Oil's Price Slide
Prices are tumbling due to coronavirus-fueled fears.

CNBC FinanceFeb 28, 2020
Here's what happened to the stock market on Friday
Stocks capped off a wild week of trading with another massive sell-off.

Reuters BusinessFeb 28, 2020
Oil prices sink to lowest in over a year, biggest weekly drop since 2016
Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand.

SEC.gov Updates: News DigestFeb 28, 2020
NPORT-P - FRANKLIN NEW YORK TAX FREE TRUST (0000798523) (Filer)
2020-02-28 0001752724-20-042777 512 KB

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NPORT-P - FRANKLIN CALIFORNIA TAX FREE TRUST (0000773478) (Filer) (SEC.gov Updates: News Digest)

FT.com - China, Economy & TradeFeb 28, 2020
Companies reveal stark initial effects from coronavirus fallout
Airlines suffer most, but tech, food and leisure sectors hit by disrupted supply chains

RELATED ARTICLES
Coronavirus hits tech companies: Google employee tests positive (USA Today Money)

Reuters Company NewsFeb 28, 2020
WRAPUP 13-'Risk is very high,' warns WHO, as coronavirus wipes $6 trillion off markets
The coronavirus spread further on Friday, with cases reported for the first time in six countries across three continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to "very high."

FT.com - Financial MarketsFeb 28, 2020
Companies put debt sales on hold as virus bites
Bankers say at least 10 US bond issuers held off from deals this week as costs climbed

Washington Post BusinessFeb 28, 2020
Blizzard and Amazon are the latest to cancel GDC plans. Here's who's not going.
Kojima, Sony and EA are also among those who have scaled back or canceled their appearances at the event.

RELATED ARTICLES
Amid testing concerns, US officials unveil new coronavirus test kits and streamline commercial development (CNBC Business)

Forbes HeadlinesFeb 28, 2020
ServiceNow Stock Hit By Coronavirus Correction Even Though Outlook Is Positive
At today's low, ServiceNow shares were off 15% from last week's record high. In 2019, the company's total revenue rose 33% to $3.46 billion, with subscription revenue up 34%. For 2020, subscription revenue guidance calls for growth of 30%.

NPR Topics: BusinessFeb 28, 2020
Stock Market Continues Plummet As Coronavirus Fears Continue Rise
Financial markets have suffered their worst week since the 2008 financial crisis. The drubbing continued as coronavirus spread and fears grew that its impact will damage the global economy.

Reuters BusinessFeb 28, 2020
Stock markets melt on coronavirus fears, U.S. Treasury yields hit fresh lows
Coronavirus panic sent world stock markets tumbling again on Friday, putting them on course for their largest weekly fall since the 2008 global financial crisis, with over $5 trillion wiped from global market value so far this week.

Yahoo BusinessFeb 28, 2020
Google employee who was at Zurich office tests positive for coronavirus
South Carolina Republican chairman Drew McKissick says Democrats in the state are starting to 'panic.'


Reuters BusinessFeb 28, 2020
Swiss anti-viral ban on large events hits Geneva car show head-on
Switzerland on Friday banned large events expected to draw more than 1,000 people in a drive to curb the new coronavirus epidemic, prompting cancellation of the Geneva car show and grumbling from businesses watching demand vanish.

RELATED ARTICLES
Geneva Motor Show canceled as coronavirus raises questions about New York auto show, Detroit auto show (USA Today Money)
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