The worst day since Black Monday…the Dow suffers a 3,000-point sell-off in its third-biggest loss ever, and the most dismal day since 1987. The market’s volatility gauge - the VIX - swings to a record high as President Trump warns the U.S. economy could fall into recession. The U.S. also says the outbreak could drag into August. U.S. airlines have said they will require a $50bn bailout which could be the largest rescue package since the terrorist attacks of 9/11. In auto news, VW posts solid full-year data for 2019 but says that guidance for 2020 has now become impossible. Airbus temporarily suspends work at its French and Spanish assembly plants in order to contain Coronavirus. And in the UK, Prime Minister Boris Johnson ramps up restrictions and advises Britons against non-essential contact and travel.  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.