Coronavirus update: US cases pass 5,000 as economic aid pledged. You might get a check.
More than 5,000 people in the US have tested positive for the coronavirus. States and cities continued shuttering businesses and services, and imposing other restrictions.
Among developments since this morning:
Stocks close solidly higher after the U.S. government announces more steps to combat the coronavirus and its harm to the economy. The Dow climbs 5%, or more than 1,000 points.The White House announced Tuesday that it wants to give Americans checks in order to combat the economic devastation many will feel amid the coronavirus outbreak: “We are looking at sending checks to Americans immediately.”The direct cash payments to Americans could be part of a massive economic stimulus package of around $850 billion, which the White House hopes could stanch the economic free fall caused by the coronavirus.You now have 90 extra days to pay your taxes, the government also said.There are now 814 confirmed cases of the novel coronavirus in New York City: the mayor said discussions are occurring regarding a potential shelter-in-place order for the city.Spring breakers are ignoring social distancing guidelines and flocking to some popular beaches.Italy will rush 10,000 student doctors into service, scrapping their final exams, in an effort to help the struggling health service cope with the coronavirus onslaught.
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For most people, the new coronavirus causes mild or moderate fever and cough. It can cause more severe illness including pneumonia for some, especially older adults and people with existing health problems.
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 may take three to six weeks to recover.
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