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MarketWatch MarketPulseApr 02, 2020
COVID-19 case tally: 941,949 cases globally, 47,522 deaths; US death toll tops 5,000
The number of cases of COVID-19 around the world edged closer to 950,000 on Thursday while the U.S. death toll climbed above 5,000 according to aggregated data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. There are now 941,949 cases globally and 47,522 people have died, the data show. About 195,929 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 216,722 and 5,137 deaths. Another 8,672 people have recovered. 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 comes to 104,118 cases and at least 9,387 deaths. China, where the virus was first detected in December, has 82,394 cases and 3,322 deaths. Germany has 77,981 cases and 931 deaths; France has 57,763 cases and at least 4,043 deaths. Iran has 47,953 cases and at least 3,036 deaths. The UK counted 29,865 cases and the number of deaths now stands at 2,357.

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Yahoo BusinessApr 02, 2020
Spain Deaths Rise; Germany Warns of Deep Recession: Virus Update
(Bloomberg) -- Spain reported 950 more deaths from the coronavirus, the most in a single day, taking total fatalities in the country to more than 10,000. China locked down a county again after a flare-up in cases and rejected U.S. claims that Beijing concealed infections.Presidential hopeful Joe Biden said he expects the Democratic convention to be delayed until August and Boeing offered buyouts to eligible employees. Filings for U.S. unemployment benefits are set to top 3 million again.Germany faces a deeper recession than during the financial crisis. In Britain, almost one million people have claimed welfare payments in the past two weeks and a financial regulator proposed freezing some credit card repayments, while Spanish jobless claims rose by a record.Key Developments:Global cases top 942,000; 47,500 dead: Johns HopkinsLA urges city to mask up; NY, NJ deaths double in three daysLocked up, beaten and shamed: virus laws lead to abusePalantir's new ‘driving thrust': predicting virus outbreaksLife-or-death hospital decisions come with threat of lawsuitsGermany Sees Economy Contracting 5% in 2020 (7:43 a.m. NY)The national output is expected to contract more than 5% in 2020, Economy Minister Peter Altmaier said. Germany's economy could be in position for "reasonable growth" next year, he added. Angela Merkel's government was widely anticipated to slash its forecast from the pre-crisis prediction of 1.1% growth.Amgen Joins Hunt for Coronavirus Drug, DJ Says (7:35 a.m. NY)Amgen Inc. and Adaptive Bio

Yahoo BusinessApr 02, 2020
U.S. Futures Pare Gain on Claims Surge; Oil Soars: Markets Wrap
(Bloomberg) -- U.S. equity futures trimmed their advance on Thursday as data showed unemployment claims in the world's biggest economy surged for a second week. Oil rallied after China unveiled plans to boost its reserves.Contracts on the main U.S. equity benchmarks still pointed to gains at the open following steep losses for the underlying gauges a day earlier, but gave up some of the move when figures showed claims for unemployment benefits more than doubled. Treasuries erased a small drop, and the dollar edged higher.The Stoxx Europe 600 Index fluctuated before turning lower. Stocks in Asia were mixed, with losses in Japan and Australia and gains in South Korea and China. Brent crude futures jumped as much as 13% as the world's biggest importer took advantage of a 60% plunge this year to add to stockpiles.After enduring their worst quarter since 2008, stocks are struggling for traction as companies move to slash dividends and more U.S. states enact severe restrictions on movement to curb the coronavirus pandemic across the world's biggest economy. Fatalities rose in France and Spain, while Italy and Germany took steps to extend lockdown measures and Florida ordered people home. New York and New Jersey said deaths have doubled in the last three days."The incremental news on the virus in the last 24 to 48 hours has been disappointing," John Porter, a fund manager at Mellon Investments Corp., said on Bloomberg TV. "The global economy has hit a wall, there's a tremendous amount of uncertainty, and that
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