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MarketWatch MarketPulseApr 01, 2020
UPDATE: COVID-19 case tally: More than 900,000 worldwide, U.S. tops 200,000
The number of cases of COVID-19 topped the 900,000 mark on Wednesday, while the number of deaths rose above 45,000 according to aggregated data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. There are now 905,279 cases globally and 45,497 people have died, the data show. About 190,710 people have recovered from the novel coronavirus that has sickened people in 180 countries. The U.S still has the most number of cases worldwide, at 203,608 and 4,476 deaths. Italy has the second highest number of cases at 110,574 but the highest mortality rate at at least 13,155 deaths. Spain's tally rose above 100,000 Wednesday to 102,136 and at least 9,053 deaths. China, where the virus was first detected in December, has 82,361 cases and 3,316 deaths. Germany has 76,544 cases and 858 deaths; France has 52,870 cases and at least 3,532 deaths. Iran has 47,953 cases and at least 3,036 deaths. The UK counted 29,842 cases and the number of deaths now stands at 2,357, after more than 500 people died overnight for the first time since the start of the outbreak.

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.



MarketWatch MarketPulseApr 01, 2020
Calvin Klein maker PVH earnings damaged by COVID-19 pandemic
PVH Corp. shares rose more than 7% in the extended session Wednesday, after the company warned investors about the damaging effects of the COVID-19 pandemic on its businesses and beat earnings and revenue estimates. The apparel company reported a fourth-quarter net loss of $68.5 million, or 93 cents a share, compared with net income of $158.7 million, or $2.09 a share, in the year-ago period. Adjusted for items such as a non-cash loss on its Speedo acquisition, among other items, earnings were $1.88 a share versus $1.84 a year ago. The company said earnings per share were impacted negatively by 25 cents because of additional inventory reserves as a result of the onset of the coronavirus pandemic. Revenue rose to $2.6 billion from $2.48 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.72 a share on revenue of $2.47 billion. For the first quarter, analysts model adjusted earnings of $1.16 a share and sales of $1.94 billion. PVH said that it was not issuing guidance due to the COVID-19 pandemic and that its first quarter and full-year results will be hurt by the outbreak. PVH said it was halting stock buybacks, suspending its dividend beginning in the second quarter, reducing capital expenditures and eliminating discretionary spending; the apparel maker also said it was drawing down $750 million of its over $1 billion revolving credit facility. PVH stock has fallen 74% in the past year, with the S&P 500 index falling 9.9%.

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.



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Snap says video calling is up over 50% during coronavirus pandemic (MarketWatch MarketPulse)

The Motley FoolApr 01, 2020
Stock Market Wrap-Up: Here's How Badly the Coronavirus Hit This Key Industry
The market suffered another big drop Wednesday.

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Market Snapshot: Stocks get rocked to start April trade as investors weigh coronavirus duration; small-cap index plunges 7% (MarketWatch)

USA Today MoneyApr 01, 2020
Stocks falter as US death toll from coronavirus tops 4,500
U.S. stocks tumbled Wednesday as rising numbers of deaths from coronavirus dampened the outlook for the global economy.       

Google Market NewsApr 01, 2020
Dow Jones Slices Part Of 893-Point Drop On China Coronavirus Fears; These Growth Stocks Are Up In 2020 - Investor's Business Daily
Dow Jones Slices Part Of 893-Point Drop On China Coronavirus Fears; These Growth Stocks Are Up In 2020  Investor's Business DailyThe Dow's 30 stocks are all falling, led by Boeing's 6 % selloff  MarketWatchThe Dow Is Dropping on Covid-19 Fears; Mallinckrodt Gets a Lift.  Barron'sDow Jones Futures: Stock Market Rally Stalls As US Coronavirus Cases Soar; Amazon, AMD, Nvidia, Microsoft Set Up  Investor's Business Daily

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3 "Strong Buy" Dividend Stocks Yielding At Least 10% (Yahoo Business)

CNBC FinanceApr 01, 2020
Here's what happened to the stock market on Wednesday
Stocks fell sharply on the first day of the new quarter amid mounting concerns over the coronavirus and its health and economic ramifications.

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Here's Why Sanofi Is An Underappreciated Coronavirus Stock (The Motley Fool)

Reuters BusinessApr 01, 2020
Kroger posts 30% jump in March comparable sales, borrows $1 billion
Kroger Co's comparable sales surged about 30% in March as consumers stockpiled due to the coronavirus pandemic, and the grocer said it had borrowed $1 billion to boost its cash reserve as it prepared for any fallout from the health crisis.

MarketWatch MarketPulseApr 01, 2020
Exxon, other U.S. oil companies to meet with Trump for aid: WSJ
President Donald Trump will meet with top U.S. oil-company executives on Friday to discuss possible aid for the industry amid plummeting oil prices, according to a report in The Wall Street Journal that cited people familiar with the matter. The meeting will take place at the White House and executives invited include Exxon Mobil Corp. Chief Executive Darren Woods, Chevron Corp. Chief Executive Mike Wirth, Occidental Petroleum Corp. Chief Executive Vicki Hollub, and Continental Resources Inc. Chief Executive Harold Hamm, the newspaper said. Oil prices have fallen precipitously in recent weeks, hit by surging supply from a price war between Russia and Saudi Arabia and sharply lower demand because of the coronavirus pandemic. U.S.-traded crude oil prices have hovered around $20 a barrel in recent sessions, the lowest in nearly two decades.

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 NewsApr 01, 2020
Dow Jones Industrial Average Tumbles Toward Its Worst Start of a Quarter Since 1932 - Barron's
Dow Jones Industrial Average Tumbles Toward Its Worst Start of a Quarter Since 1932  Barron'sStocks stumble as US coronavirus cases top 200,000  Fox BusinessDow Jones Futures: Stock Market Rally Stalls As US Coronavirus Cases Soar; Amazon, AMD, Nvidia, Microsoft Set Up  Investor's Business DailyGlobal stocks and US futures drop after Trump issues dire warning  CNN

NYTimes BusinessApr 01, 2020
Wall Street Starts Second Quarter With a Plunge: Live Updates
Live updates on stock market and business news during the coronavirus outbreak.
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