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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.

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.



NYTimes BusinessApr 02, 2020
Weekly Jobless Claims Rise to 6.6 Million: Live Business Updates
Live updates on stock market and business news during the coronavirus outbreak.

Google Business NewsApr 02, 2020
Oil Prices Prop Dow Jones Today, Futures As Unemployment Data Spikes; Walgreens Q2 Earnings Surprise - Investor's Business Daily
Oil Prices Prop Dow Jones Today, Futures As Unemployment Data Spikes; Walgreens Q2 Earnings Surprise  Investor's Business DailyStocks stumble as US coronavirus cases top 200,000  Fox BusinessUS markets record worst first quarter since GFC  Sky News AustraliaDow Jones Futures: Keep Your Distance From This Coronavirus Bear Market; Zoom Video, Shopify Fall  Investor's Business DailyStock futures give up most of their gains after a massive surge in jobless claims  CNBC

MarketWatchApr 02, 2020
NewsWatch: Jobless claims leap record 6.6 million at end of March as coronavirus triggers mass layoffs
The number of Americans who applied for unemployment benefits last week soared by a record 6.6 million, bringing the increase in new jobless claims in the last two weeks of March to 10 million as the all-out effort to slow the coronavirus slammed the economy.

MarketWatch MarketPulseApr 02, 2020
Shake Shack same-store sales tumbled in March, delivery partners expanded
Shake Shack Inc. said Thursday that same-Shack restaurant sales for March were down 29% from a year ago, with the impact of the coronavirus outbreak becoming more acute as the month progressed. For the first two months of the quarter, same-Shack-sales were down about 2%, with declines starting to accelerate in early March. The current FactSet consensus for first-quarter same-Shack-sales is down 6.6%. "With Shake Shack real estate heavily indexed towards high volume, urban and premier shopping locations, the impact to the company will continue to be significant during the period of stay-at-home orders across the country," the fast-casual burger chain said in a statement. Effective immediately, the company is expanding its delivery partners to include Postmates, DoorDash, Uber Eats and Caviar. Separately, the company said about 20% of its home-office employees have been furloughed or laid off, and "significant" reductions have been made in staff across all restaurants. Salaries of all executives and home-office employees have been reduced. The stock slipped 0.4% in premarket trading. It has tumbled 45.4% year to date through Wednesday, while the S&P 500 has lost 23.5%.

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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Economic Report: Jobless claims leap record 6.6 million at end of March as coronavirus triggers mass layoffs (MarketWatch)
CarMax's stock surges profit and sales beat expectations for quarter through February, before March slowdown (MarketWatch MarketPulse)

MarketWatchApr 02, 2020
Europe's bickering over its response to the coronavirus crisis could prove costly
The European Union is still struggling to come up with a coordinated response to the coronavirus outbreak's economic impact, amid fears that delays to agree on significant steps will make this year's predictable recession worse than it could have been.

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Outside the Box: What to know about how the coronavirus crisis will impact your money market fund (MarketWatch)

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

Wall Street Journal US BusinessApr 02, 2020
Record 6.6 Million Americans Likely Sought Jobless Benefits Last Week
A record 6.6 million workers applied for unemployment benefits last week, marking a sharp downturn in the labor market caused by the coronavirus pandemic.

MarketWatch MarketPulseApr 02, 2020
Boeing is offering buyout and early retirement packages as it works to combat COVID-19 impact: reports
Boeing Co. is offering buyout and early retirement packages to employees as it works to combat the impact on its business of the coronavirus that causes COVID-19 that has grounded airlines around the world and decreased demand for new planes, according to media reports Thursday. The aerospace giant announced the plan in a memo to employees from Chief Executive Dave Calhoun, according to CNBC. "It's important we start adjusting to our new reality now," he wrote, said the CNBC report. Boeing has about 151,000 employees, roughly haf of whom are based around Seattle's Puget Sound region. The company has called on the federal government to bail it out with a $60 billion package. The company was struggling before the virus outbreak with the fallout from the grounding of its 737 Max fleet, following two fatal crashes. Job cuts may complicate the company's efforts to get bailout money, however. Boeing shares were up 2.6% premarket but have fallen 60% in 2020 to date, while the Dow Jones Industrial Average has fallen 27% and the S&P 500 has fallen 24%.

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.



Yahoo BusinessApr 02, 2020
U.S. economic data in March got flattered for the worst reason: Morning Brief
Top news and what to watch in the markets on Thursday, April 2, 2020.


Google Business NewsApr 01, 2020
Dow Jones Futures: Keep Your Distance From This Coronavirus Bear Market; Zoom Video, Shopify Fall - Investor's Business Daily
Dow Jones Futures: Keep Your Distance From This Coronavirus Bear Market; Zoom Video, Shopify Fall  Investor's Business DailyStocks stumble as US coronavirus cases top 200,000  Fox BusinessUS markets record worst first quarter since GFC  Sky News AustraliaStock futures point to Thursday opening bounce on Wall Street after second quarter's rocky start  CNBCWall Street dives 4% as virus pandemic fears intensify  Reuters

MarketWatchApr 01, 2020
Economic Report: U.S. manufacturers see biggest plunge in new orders and employment in 11 years, ISM finds
American manufacturers began to feel the brunt of the coronavirus pandemic toward the end of March as new orders fell to the lowest level since the end of the 2007-2009 Great Recession, a new survey of executives showed. The Institute for Supply Management said its manufacturing index slipped to 49.1% last month from 50.1%.

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.



Wall Street Journal US BusinessMar 31, 2020
Dozens of Whole Foods Workers Skip Work but Stores Are Unaffected
Dozens of workers at Whole Foods Market stores across the U.S. skipped their shifts to call attention to demands for better pay and more safety measures to protect them during the coronavirus pandemic, according to a group that organized the action. Business continued as usual at the chain, which employs more than 95,000 people.
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