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  • Futures tumble as coronavirus crisis intensifies - FILE PHOTO: A trader wears a face mask on the floor of the New York Stock Exchange (NYSE) following traders testing positive for Coronavirus disease (COVID-19), in New York, U.S., March 19, 2020. REUTERS/Lucas Jackson April 1, 2020 By Uday Sampath Kumar (Reuters) – U.S. stock index futures sank on Wednesday following stark predictions of a rising U.S. death toll and economic damage from the coronavirus outbreak, a day after the S&P 500 ended its worst quarter since the 2008 financial crisis. President Donald Trump on Tuesday warned Americans of a “very, very painful” two weeks, with White House health officials modeling an enormous jump in virus-related deaths even with strict social distancing measures. Cleveland Federal Reserve Bank President Loretta Mester said reports measuring U.S. economic activity are likely to be “very bad” in the first half of 2020 and the unemployment rate could rise above 10% due to efforts… ... [Read more...]

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