The US aid package could be late

Denver, New York, Washington Miranda Miller is one of the early victims of the corona crisis. Her job as a waitress in a brewery near Denver was immediately gone when the restaurants had to close. “I am still totally shocked,” says Miller, who is now looking for bargains in the Costco wholesale trade and is carefully keeping a distance of two meters from other customers. She holds her shopping cart with both hands.

“My credit card bill, my car loan and of course my rent, I don’t know how to handle all of this now.” In February, she treated herself to an expensive couch. She could use the money well in her account now. “I’m very worried,” she says. “Who is hiring people now?”

Millions of Americans have felt the immediate economic shock caused by the corona virus. 3.3 million applied for unemployment benefits last week, the Ministry of Labor announced on Thursday. As many as never before and almost twelve times as many as in the previous week. Only 1.5 million applications were expected.

While the politicians in Washington are still struggling for the last details of a multi-billion dollar rescue package that is supposed to secure companies and jobs, many companies have long acted and separated from employees. It affects practically all parts of the economy: large hotel chains, airlines, restaurants, organizers, nail salons. In addition, there are hundreds of thousands who do not appear in the unemployment statistics: household helpers, nannies, dog sitters and employees of the so-called gig economy who work as self-employed and are therefore not entitled to unemployment benefits.

And that is just the beginning. James Bullard, head of the regional central bank in St. Louis, expects an unemployment rate of 30 percent and a 50 percent drop in economic output in the second quarter. It is the most pessimistic forecast so far. But all economists agree: America is facing an unprecedented slump in supply and demand that will trigger a cascade of economic and human tragedies.

The mantra of many market observers is still: It will quickly pick up again after a drastic slump. But critics warn of too much euphoria. It is now considered unrealistic that the recovery could take a V-shape, which means that the rapid economic downturn is followed by a rapid recovery.

U-shaped, with a steep increase after a long period of weakness, would be positive, believes Allianz’s chief economic advisor, Mohamed El-Erian. US President Donald Trump’s move to get the economy back on track as quickly as possible fuels concerns about a relapse, which would make the recovery look more w-shaped and cause additional damage.

“The situation today is not like a classic recession in which hundreds of thousands of jobs are being cut every month for an extended period of time,” says investment banker Daniel Alpert, who also teaches and teaches at Cornell University in Ithaca, New York helped develop a new labor market indicator. “The effect has an immediate impact, especially for low earners.”

Compared to Germany, slumps in demand in the USA hit unemployment figures particularly quickly. There is no statutory protection against dismissal. Contracts for low-skilled workers can often be terminated from one day to the next.

In more highly qualified professions, the employment contract often regulates a two-month notice period, for example, one month. However, as a rule, such employees are also released immediately upon termination and receive the outstanding salary instead of a severance payment. An instrument like German short-time work is unknown in the USA.

Governor Andrew Cuomo sends dramatic appeal to New York citizens

It was therefore clear to the parliamentarians in the Senate and the House of Representatives that they had to put up a protective shield for the foreseeable rapidly growing number of unemployed as quickly as possible. Not only to help the citizens themselves, but also to maintain their purchasing power.

If this fails, the economic downturn threatens to become a permanent recession. The Senate passed a $ 2.2 trillion corona relief package on Thursday night that relies on a broad mix of measures. It provides better protection for the unemployed, as well as direct help for companies and the issuing of loans.

The many needy small and medium-sized companies in particular are to be relieved with relief loans. They account for over 80 percent of jobs, like calculations German bank demonstrate. The loan will be repaid if companies use the money to keep their employees on the payroll during the crisis – a kind of improvised short-time work. Aid of $ 350 billion has been earmarked for these loans.

The Democrats didn’t go far enough. In the compromise negotiations, they also pushed through a significant increase in unemployment benefits: unemployed people are now to receive an additional $ 600 a week from federal funds for a limited period of the next four months.

This is a revolutionary step for the United States. Because unemployment benefits have so far been regulated by the individual states. The maximum rates are around $ 400 to $ 800 a week, depending on the state and previous income.

Also revolutionary: The $ 600 a week should also be given to self-employed people, for example drivers of chauffeur services like Uber or Lyft. They suffer particularly from the slump in orders. Since they have no employment contract, they do not qualify for the state’s previous unemployment benefits.

The new federal grants should more than double the weekly payment for many unemployed. Add to that the “helicopter money”, the one-time payment of $ 1200 for almost all adult US citizens and $ 500 for each child. So Washington is taking decisive action to improve the situation of the unemployed in the crisis.

So far, however, it has been questionable whether the money will reach those affected in good time. “The longer it takes, the deeper the slump will be for the economy,” warns Torsten Slok, chief economist at Deutsche Bank in New York. “It is a huge logistical challenge to send checks to 130 million households.”

For Miranda Miller, this cannot happen quickly enough. On Monday, she finally managed to apply for unemployment insurance. The systems in the state of Colorado are completely overwhelmed. From Monday to Thursday last week, applications for unemployment benefits rose by 1450 percent to over 20,000. Citizens whose last names begin with the letters A to M are now only allowed to submit their applications on Sundays, Tuesdays, Thursdays or Saturdays after 12 noon. “Every dollar counts,” says Miller. The next step is to negotiate with banks, delay payments and avoid penalty fees.

It is uncertain whether government aid is sufficient to absorb an impending wave of corporate bankruptcies and personal bankruptcies. The aircraft manufacturer alone Boeing demands $ 60 billion in state aid, the airlines $ 58 billion. The retail sector largely came to a standstill.

Before the outbreak of the corona virus, US President Donald Trump was always celebrating new records on the job market. The unemployment rate was still 3.5 percent in February, the lowest level in 50 years. Even then, the rosy numbers covered up the actual mood among the population. 40 percent do not have enough savings to meet unexpected spending of $ 400 or more, according to data from the 2019 central bank. The Americans are simply not prepared for long lost earnings.

The situation is particularly dramatic in New York, the US city with the greatest economic power in the country. All non-existential companies are closed. 29 percent of low-income households have lost at least one job in the family, according to a study by the City University of New York. Of households that earn more than $ 100,000 a year, 16 percent said that a household member lost their job.

Empty squares and streets in New York City

A one-room apartment in New York costs just under $ 3,000 on average. The New York Senate has introduced a bill to suspend all rent payments to businesses and citizens affected by the crisis. The restaurant chain Cheesecake Factory announced on Wednesday that it would no longer pay rents nationwide from April 1.

New Yorker Roberto Bruni has decided to give up immediately. He had opened a wine bar in Brooklyn with partners a few months ago. The business was starting up properly. “We are not trying to get the bridging money. It is too risky. We’re going to give it up entirely, ”says Bruni, who prefers not to read his real name in the newspaper. The waiters and cooks lose their jobs as a result.

There are cascade effects all over the country: when restaurants close, bakeries, florists and fish suppliers notice that too, because orders break down. Loss of rent hits real estate companies and financial institutions. A lack of tax revenue presents municipalities with financial difficulties. The creditworthiness of highly indebted companies is downgraded, which causes them financial difficulties.

But there are also companies that are hiring: the pharmacy chain CVS Health announced this week that it was looking for 50,000 employees. The supermarket giant Walmart is looking for 150,000 new employees for its stores and for the online business, and also Amazon wants to hire 100,000 people.

Recently, there were several Covid-19 cases in the camps at Amazon. According to media reports, workers often don’t even have time to wash their hands. That is probably one of the reasons why both Amazon and Walmart offer two to three dollars more per hour than usual.

Miranda Miller is also considering applying for one of these jobs. “I’ve heard a lot of bad things about working conditions. So I never really wanted to go there, ”she admits. “But the money has to come from somewhere.”

More: These are the components of the $ 2 trillion aid package

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Coronavirus: Estefan Enterprises guarantees its employees work through CVS Health

MIAMI.-As the effects of the pandemic COVID-19 continue to challenge the hospitality and restaurant industries, Stephanie Enterprises announced today that it will partner with CVS Health to immediately locate up to 300 workers in South Florida, Orlando and Vero Beach, the company said in a statement.

Restaurants and hotels in South Florida, Orlando and Vero Beach, operated by Estefan Enterprises have been mandated to close or restrict business operations in order to curb the spread of COVID-19. Estefan Kitchen Miami Design District, Larios On The Beach Ocean Drive, Estefan Kitchen Orlando, The Wave at Costa d’Este in Vero Beach and the Cardozo South Beach hotel have been temporarily closed with the exception that they offer takeaways and delivery service at home in all restaurants.

“We have all been faced with making very difficult and unfathomable decisions as we move through this crisis. Gloria and I are doing everything we can to find opportunities for our employees and we are very grateful to CVS Health for partnering with our companies, “said Emilio Estefan.

Estefan Enterprises employees have already been placed in the CVS Health selection process and are expected to be placed on the job within the next 24 to 48 hours. This alliance is part of CVS Health’s recent announcement about its accelerated plans to cover 50,000 temporary, full-time and part-time positions across the country. Roles include store associates, distribution center employees, and member and customer service professionals.

This extends to positions at CVS Pharmacy, CVS Pharmacy and Más and Navarro Discount Pharmacy locations.

“CVS is a critical resource for healthcare, prescriptions, and other supplies in South Florida communities, and we will continue to be here for clients, members, and patients in these difficult times,” said Ahmed Velez, CVS regional director Health.

“At a time when the hospitality industry is facing its greatest challenge, we are proud to be part of a community of leading companies that are helping out in these unprecedented times. Team members at Estefan Enterprises are a driving force. I am prepared and well trained, and they will help us meet the urgent and significant demands of this community, “added the executive.

SOURCE: DRAFTING

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Chaos, inconsistency Marks the launch of the Drive-thru Virus – NBC Los Angeles test

Drive-thru sites have been opened in the United States to make testing the new coronavirus faster and safer. But just like the rest of the United States’ response to the pandemic, the system has been characterized by inconsistencies, delays and shortcomings. Many people who have symptoms and a doctor’s order have waited hours or days for a test.

More than a week after President Donald Trump promised that states and retail stores such as Walmart and CVS would open drive-through test centers, few sites are active and are not yet open to the public. Some states are leaving the test sector open to the private sector; others are coordinating efforts through state health departments.

Patients complained that they had to jump through bulky red tape and wait for days to get tested, then wait even longer for a result. The test centers were opened in some places to be closed shortly afterwards due to the shortage of supplies and staff. And while the drive-through test centers that have been opened are generally sorted, in some there have been long lines.

The slow increase in COVID-19 tests and the unpredictable nature of the system make it difficult for public health officials to track the spread of the disease and bring it under control.

“We need to do more extensive testing to fully understand the scale of the public health situation we are facing,” said Joseph Wendelken, a spokesman for the Rhode Island Department of Health.

Dr Brett Giroir, the federal health officer in charge of overseeing the tests, said on Saturday at a White House briefing that approximately 195,000 people have so far been tested in the United States. This figure does not include some people who have been tested in private laboratories.

For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more serious illnesses, including pneumonia. The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness can take anywhere from three weeks to six weeks to recover.

Drive-through test sites have sprung up in places in over 30 states: in state parks and parking lots, near medical centers and universities, the Mississippi state fairgrounds, and near where the Jacksonville Jaguars play. The governor of Maryland last week ordered the stopping of vehicle emission inspection programs across the state, so that the offices could be used as drive-thru centers to test the virus.

But as of Friday, there were no open drive-through tests available in Maryland inspection centers.

The Utah health department said it is not responsible for the sites and is not monitoring them. The North Carolina health director said the state is leaving the tests to the private sector and declined to say how many sites there are. In contrast, in Rhode Island, health organizations manage the sites in collaboration with the state health department.

On Thursday, cars lined up for more than a mile outside a hospital in Houston when the first drive-through test site was opened. U.S. representative Sheila Jackson Lee said she administered fewer than 200 tests in the first six hours.

Elsewhere, at various sites visited by Associated Press reporters, the scenes were well controlled and sometimes quite silent.

Dozens of people waiting by car in a downtown Homestead, Florida on Wednesday waited for their turn to speak with a screener who was wearing a suit and mask and carrying notes. Some were apparently removed. Others were stirred, checked their temperatures, and swabbed for the samples.

But the shortage of supply has stopped the thrusters in several states, including Colorado, New Mexico, Virginia, Florida, Louisiana, Alabama, North Carolina and Utah. A Las Vegas site was shut down because it didn’t have enough workers.

New York state opened several centers with great fanfare on Tuesday. By Friday, however, the New York City health department issued a warning saying that only people requesting hospitalization should be tested, due to a shortage of protective equipment such as face masks. Drive-thru sites in New York State remain open, but only to people who meet certain criteria.

Nevada Governor Steve Sisolak said he had asked the federal government for additional test kits and supplies, but the state received a warning Thursday that all of its requests for drive-through test pods and test kits “are undefined arrears, without any estimate of a timeline for delivery. “

“This is our unfortunate Nevada reality. It depends on us, “he said.

The sites themselves are dotted with tents and traffic cones. The most important features are medical personnel who wear masks, gloves and protective vests or other clothing. They take nose and throat swabs from people sitting in their cars or help people get in for the test.

Some states have only one drive-thru site. Montana’s only site is in Billings, the largest city in the state. Others have a dozen.

Security guards have been reported on many sites, but an AP survey of states did not reveal any security concerns. In Rhode Island, the National Guard was on hand to set up the state’s three drive-thru sites and even to buffer patients.

The vast network of drive-thru sites in retail chains that Trump claimed was coming over a week ago has not materialized yet. CVS has opened a site in Massachusetts that defines a “test model”. Walmart launched two sites on Sunday and Walgreens said it will launch one, all three in Illinois. Only healthcare professionals and first responders are allowed, and Walmart said that a maximum of 150 tests per day could be performed on its federal sites.

The patchwork of approaches has caused confusion for patients. Caroline Mauldin was sentenced to get tested by her doctor in Charleston, South Carolina on Tuesday after suffering from pain and chills for several days.

To make an appointment at a center in a medical center, she had to fill out a long online questionnaire and spent two days calling a number that went to voicemail and did not answer messages. He resorted to tweets in the hospital several times just to get things going.

Finally, on Thursday, he had an appointment for Monday. And she was told that the results would not return until after 4-5 days. The visit will cost you $ 25, he said. Complicating things, he doesn’t have a car and has to borrow it from a friend.

“Here we have a lot of older, low-income people who don’t have Internet access and who don’t have access to transportation. And since they’re the highest risk population, how are we testing for them?” She asked.

In urban areas such as New York and Philadelphia, some sites offer “walk-up” dating for people without cars.

At the Penn Medicine test site in West Philadelphia, two security agents were late on Thursday to make sure that people arriving by car or on foot had an appointment. For about 40 minutes that evening, the line of cars never grew to more than six or seven. But Patricia Sullivan, Penn Medicine’s quality manager, said every morning last week, 25-35 cars were lined up and six or seven standing patients were 6 feet apart on a porch waiting to be seen.

The 20 sites in Greater Philadelphia are testing around 1,000 people a day, but that hasn’t eliminated pent-up demand.

Rosanne Tanner’s 79-year-old mother has been suffering from fever and chest pain since returning from a visit to Tanner’s brother and wife, who had recently been on a cruise ship.

His doctor ordered a test on Tuesday, but when he tried to make an appointment at a drive-through site in a hospital outside of Philadelphia, he was told that “they are overloaded, they are bogged down,” Tanner said.

Medical staff told her that they are scheduling 15 minutes apart, so there are no bottlenecks on the test site.

Finally on Thursday his mother made sure of an appointment for the following Tuesday. Then, he will have to wait another five days for a result.

“The delay in these tests is putting people at risk,” said Tanner.

In Rhode Island, state officials said they are testing 100 to 200 people per day at all test sites, including three drive thrusters.

Governor Gina Raimondo said they want to perform 500 to 600 a day, but they don’t have the supplies they need.

“It is our top priority to reach a place where everyone who needs it can be tested and you will get results very quickly,” said Raimondo during a press conference held on Facebook Live on Friday on Friday. “So if you’re positive, we can quarantine you.”

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Associate press writers Michelle L. Price in Las Vegas, Lynne Sladky in Homestead, Florida, Claudia Lauer in Philadelphia, Chris Ehrmann in Hartford, Connecticut, Brady McCombs in Salt Lake City and Jonathan Drew in Raleigh, North Carolina and Anne D ‘Innocenzio and Mike Sisak in New York contributed to this report.

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The Associated Press receives support for health and scientific coverage from the Howard Hughes Medical Institute’s Department of Education. The AP is solely responsible for all content.

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With public private partnership against the corona virus

Donald Trump

The president announces a national emergency in the face of the coronavirus pandemic.

(Photo: AP)

new York The US President proclaims the national emergency and does it in a very American way: In order to present the billion-dollar aid and protective measures, he doesn’t just let the Coronavirus task force in front of the camera in Washington. It also presents the private companies that are supposed to help fight the corona virus. These range from Google via Labcorp to the pharmacy chain CVS.

Trump has long neglected the virus. His government canceled flights to and from China very early on, actually giving the United States a head start. But he didn’t use the time to prepare the country for an emergency. Now the president wants to take countermeasures and does so massively. Trump calls the next eight weeks critical and he now wants to make millions of tests possible in the shortest possible time.

The entrepreneur in the White House relies on public private partnership: Google prepares the website where people can enter their symptoms and medical history to find out whether they qualify for the drive-through tests. Labcorp, Becton Dickinson and Roche Diagnostics will offer the technology. Large pharmacy and retail chains such as CVS, Target and Walmart will make their parking spaces available to carry out the drive-through tests.

It’s a trumps-up presentation: he uses the national emergency to emphasize the magnificence of the American economy. In this way he appeals to national pride and tries to regain lost trust.

Trump has understood that his re-election is at stake. That’s why he made a 180-degree turn and now plays the crisis manager. He has to cancel his campaign events due to viruses. He is now using his corona virus speeches to catch votes. The next few weeks will show whether he can do that.

More: Trump gives Wall Street another boost: US exchanges are up almost double digits

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Italians produce protective masks 24 hours a day

Rome “FFP3” is in short supply in Italy. The protective mask, which filters 98 percent of the air we breathe and is certified with a European standard, has hardly been found since the outbreak of the corona virus.

Not even the “FFP2” model, which filters 92 percent of the air we breathe, as the association of manufacturers and distributors of protective devices explains. Large signs in Italian and English have been stuck to most pharmacies for days: “No more masks in stock”.

Angelo Borrelli, the head of civil defense, needs five million pieces. He has already asked for help from the EU. Because Covid-19 keeps Italy in suspense. On Wednesday afternoon it was still considered whether all schools in the country might be closed until March 15th.

There is no general confiscation of all protective masks as ordered by French President Emanuel Macron on Tuesday in Italy. Borrelli, who announces the state of the spread of Covid-19 every day at 6 p.m., said the masks are needed for hospital staff.

Research on washable masks

The manufacturers drive special shifts. “We work around the clock, 24 hours a day, seven days a week,” says Massimo Scagliarini to the Handelsblatt. He is the head of GVS, one of the market leaders in the healthcare industry, with sales of 230 million euros in 2019. “We can hardly keep up, orders from all over the world have increased by 200 percent since the beginning of the year compared to the entire previous year,” he says.

The family-owned company, which was founded in 1979 in a garage in the hinterland of Bologna, today has 2500 employees in 13 production facilities and exports 94 percent of its products. The demand for protective masks had increased exponentially some time before the outbreak of Covid-19, Scagliarini reports. So far, these have mainly been used in occupational safety.

The company is now setting up three new production lines to increase production. Then 450,000 FFP3 protective masks should leave the factories in addition to the one million to date.

The company is also researching washable and therefore reusable masks. The virus is eliminated with temperatures above 50.5 degrees, says the CVS-Boss. A normal 60 degree wash would be sufficient. “I expect we’ll have a solution in about ten days.”

Other manufacturers such as the entrepreneur Pier Palo Zani are also working under high pressure. His start-up company BLS, which works with the Milan Polytechnic, is busy. “In February, ten times as many masks were ordered as usual throughout the year,” he says.

Profiteering with fear

And he protests against profiteers. This is because protective masks are offered online at exorbitant prices. “99.90 euros for five pieces of the FFP3 model” can be found there as an offer. A completely exorbitant price for a face mask that costs a few euros in normal times. Ten pieces of the FFP2 model cost 56 euros plus 18 euros in shipping costs. Amazon is already alarmed.

The profiteering with the fear of the people is flourishing. First it was the tourists from China who are now absent. Then a lot of Italians walking around in the metro or on the bus wearing masks.

Corona briefing

Science is against it. “Protective masks for healthy people are completely superfluous, they do not help at all,” says Walter Ricciardi, medical professor in Milan, member of the World Health Organization and advisor to the Ministry of Health. “The masks are needed for sick people and healthcare personnel.”

This is also said by Andrea Spasciani, head of the company of the same name near Varese. People shouldn’t buy these products, he says. “The few supplies left should go to doctors, nurses and ambulance drivers.”

And to our own people: “We wear all masks at work, in production and in the offices,” says GVS boss Scagliarini. “If we had even a suspicion of Corona here – not imaginable.”

More: In Germany there is a restriction to exports such as disinfectants and respirators. This is intended to ensure care for hospitals and health organizations. More in the news blog.

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Dow Jones loses more than 1,000 points

new York The growing number of corona cases outside of China has also prompted US investors to withdraw from the stock market on a large scale. The Dow Jones Index of Standard Values ​​temporarily lost more than 1000 points on Monday. An increase in corona diseases has been reported, particularly from Italy, South Korea and Iran, which has fueled investors’ fear of a pandemic with major negative consequences for the global economy.

Overall, the number of cases has not increased dramatically, said Art Hogan, chief market strategist for New York investment advisor National Securities. But geographically there is a change. “The market is trying to predict how big it will be worldwide and when it will peak.”

The Dow lost 3.6 percent to 27,961.01 points. The technology-heavy Nasdaq dropped 3.7 percent to 9,221.28 points and the broad S&P 500 lost 3.4 percent to 3,225.90 points. Prices had hit record highs last week. Went in Frankfurt the Dax on Monday four percent lower to 13,035 points from the trade.

In New York, the papers paid off Apple 4.3 percent. According to recent data, smartphone sales in China slumped by more than a third in January. The papers from chip manufacturers like Advanced Micro Devices, Micron or Nvidia became cheaper by up to 8.2 percent. These companies rely heavily on exports to China.

Gold reaches new record high

Concerns about the spreading corona virus caused a sellout in European markets on Monday. The Dax fell below the 13,000 point mark, more than four percent lower than on Friday. Investors therefore switched to supposedly safe investments, gold reached a new record.

As a result of economic concerns, rising US interest rate futures fuel speculation on the stock market that the Fed will cut rates soon. The US interest rate futures peaked on Monday for several months. The Fed funds futures contract, which is linked to the July Fed rate meeting of the US Federal Reserve, signaled a probability of more than 80 percent for a rate cut by then. Investors expect a step down by at least 0.25 percentage points.

The US Federal Reserve cut its key interest rates three times last year. The key interest rate for supplying commercial banks with money is currently in the range of 1.50 to 1.75 percent. Fed chief Jerome Powell had recently told a congressional committee that the virus crisis would likely have some impact on the United States. However, it was still too early to assess whether this could lead to a “fundamental revaluation” in view of the economic outlook.

The US star investor Warren Buffett continues to believe it is lucrative to hold shares despite the recent price turmoil. The outbreak of the corona virus was “terrifying,” Buffett said on Monday on CNBC. “But it shouldn’t affect what you do on the stock market.” Despite the current epidemic, he himself will not sell stocks.

Corona virus cases in Italy cause stock sell-off

The outbreak in Italy and other countries outside of China had triggered a sell-off in the stock markets at the start of the week, and market capitalization in Europe collapsed by hundreds of billions of dollars within a few hours. But investors could not derive long-term market developments from the daily headlines, Buffett said.

However, experts are now skeptical whether the global spread of the corona virus can still be stopped. “The time window for containment of the outbreak is now closing very quickly,” quoted the British newspaper “The Telegraph” Devi Sridhar from the University of Edinburgh, which does research on global public health. Nathalie MacDermott, an infectious disease specialist at the renowned King’s College in London, called the situation in Italy, South Korea and Iran “very worrying”.

The analysts of Goldman Sachs Meanwhile, their US gross domestic product (GDP) estimates have been revised downwards. Instead of annual GDP growth of 1.4 percent in the first quarter, they now only expect growth of 1.2 percent. They referred above all to a slower than previously expected recovery in economic activity in China and to the travel industry.

“The markets have been too carefree with the corona virus”

His Investment company Berkshire Hathaway will “be more willing” to buy shares after a price slide. The 89-year-old pointed out that the US economy was strong, if not as robust as it was six months ago. “If you look at the current situation, you get more for your money on the stock market than on the bond market,” says Buffett.

Focus on individual values:

It went down for Apple with a minus of over four percent. According to recent data, smartphone sales in China slumped by more than a third in January. The papers of Chip manufacturers such as Advanced Micro Devices, Micron or Nvidia dropped by up to 10.6 percent. These companies rely heavily on exports to China.

The victory of the leftist Bernie Sanders at the US area code in Nevada burdens on the stock values ​​of US health insurance. The papers from UnitedHealth. CVS Health and Cigna gave way up to 5.7 percent on Monday.

More: Find out how the leading German index developed on Friday here.

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