Mar. 24, 2020

REUTERS

President Donald Trump signed an executive order on Monday to prevent hoarding and price gouging of supplies needed to fight the deadly coronavirus, a spokeswoman said.

Democratic U.S. House Speaker Nancy Pelosi said that later on Tuesday Congress could soon reach a deal to pass an economic relief package for the fallout from the coronavirus crisis.

The U.S. could become the global epicenter of the coronavirus pandemic, the World Health Organization said. The virus forced organizers to postpone the Tokyo 2020 Summer Olympics.

Egypt has declared a curfew from 7 p.m. to 6 a.m. for two weeks starting on Wednesday to counter the spread of coronavirus and those who violate the measure will be penalised under the country's emergency laws, the prime minister said.

The first hearse arrived on Tuesday at Madrid's ice rink, hastily transformed into a makeshift mortuary as Spanish authorities scrambled to deal with a rising death toll from the coronavirus.

The number of new coronavirus cases in Spain jumped on Tuesday to 39,673 from 33,089 cases registered on Monday, the health ministry reported on Tuesday.

Singapore will close bars and entertainment venues including discos and cinemas among new measures to curb the spread of the coronavirus, the health ministry said on Tuesday.

German Economy Minister Altmaier said that an aid package worth up to $816.38 billion that the government announced on Monday was just an initial step in tackling the coronavirus crisis.

The Pentagon said on Tuesday that 174 service members had the coronavirus, an increase of 41 cases from the day before.

As several more U.S. states moved to impose stay-at-home orders to limit the spread of the coronavirus, industries from steelmakers to auto dealerships were scrambling for exemptions that would allow them to remain open.

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.

AP Top Stories

The owner of the Diamond Princess, the giant vessel on which 706 passengers became infected with coronavirus, believes cruises will be more popular than ever when the pandemic ends.

Pregnant patients giving birth in NewYork-Presbyterian's hospitals will be alone and not allowed visitors for the foreseeable future to lessen the risk of coronavirus infection.

On Sunday Joe Biden said he's been discussing possible running mates with former President Barack Obama.

Ethiopian Prime Minister Abiy Ahmed on Tuesday urged G20 leaders to help Africa cope with the coronavirus crisis by facilitating debt relief and providing $150 billion in emergency funding.

The Russian military will start sending medical help to Italy on Sunday to help it battle the coronavirus after receiving an order from President Vladimir Putin, Russia's Defense Ministry said in a statement.

Mexican President Andres Manuel Lopez Obrador said on Monday he would focus his response to the coronavirus outbreak on helping the poor rather than major companies as the virus spreads in Mexico, and that he would unveil more details on Tuesday.

A clearly unhappy Canadian Prime Minister Justin Trudeau on Monday said people defying advice to isolate themselves to fight a coronavirus outbreak should "go home and stay home" or face sanctions. Shortly after he spoke, the premier of Ontario - the most populous of Canada's 10 provinces - announced a two-week shutdown of non-essential businesses starting late on Tuesday.

A new Centers for Disease Control and Prevention report indicates the strength of the novel coronavirus to live on surfaces for more than two weeks.

Cuba's government said on Monday it was banning Cubans from leaving the country, closing schools and suspending interregional public transport in its fight to prevent the spread of the novel coronavirus.

California's governor said on Monday that the state needs 50,000 additional hospital beds to accommodate a surge in coronavirus patients predicted by computer modeling.

BBC

India's Prime Minister Narendra Modi has just announced that the country will go into full lockdown from midnight local time.

Car firms are answering calls from governments to help make more ventilators and face masks to help out during the coronavirus pandemic.

The coronavirus outbreak in New York will get worse, with damage accelerated by shortages of key medical supplies, the city's mayor has said.

Spanish soldiers helping to fight the coronavirus pandemic have found elderly patients in retirement homes abandoned and, in some cases, dead in their beds, the defense ministry has said.

WND

According to a Monmouth University poll released Monday, President Trump is rated higher than the media when it comes to questions about who is responding to the crisis more responsibly. Fifty percent of Americans say Trump is doing a good job dealing with the outbreak.

Domino's Pizza is looking to take on 10,000 new workers, even as the stock market is tumbling.

As part of the Democratic Party's trend to erode traditional barriers against voter fraud, Hillary Clinton is now calling for America to vote by mail.

As the coronavirus continues to spread throughout the country, 30 Transportation Safety Administration airport employees have now tested positive for the virus.

Add new comment

Plain text

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.