US President Donald Trump has announced that he is cutting off travel from Europe to the US and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans.  After days of playing down the threat, he blamed the European Union for not acting quickly enough to address the novel coronavirus and claimed that U.S. clusters were ‘seeded’ by European travellers.
The mounting effort to contain the virus and financial fallout intensified on a gruelling day, Communities cancelled public events nationwide, universities moved to cancel in-person classes, and families grappled with the impact of disruptions to public schools. In the US the total number of confirmed infected cases topped 1,000 and the World Health Organization declared the global crisis is now a pandemic.
Read EquityPandit’s Nifty Outlook for the Week
In a week of mixed messages and false starts, as government officials warned in increasingly urgent terms that the outbreak in the U.S. will only get worse, Washington suddenly seemed poised to act.