Stock futures sink after rate cut, new virus restrictions
Stocks are set for more turbulence following a dizzying week that saw the Dow twice fall by more than 2,000 points and also record it’s biggest point gain ever—1,985 points on Friday.
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Area hospitals restrict elective surgeries to prep for possible influx of virus patients
Ascension St. Vincent, Community Health and Franciscan Health have confirmed plans to restrict elective procedures to shore up critical supplies and keep the virus from spreading.
Federal officials recommend gatherings of less than 50, announce new testing options
The Trump administration announced Sunday that some of the most vulnerable Americans will be able to get tested for the coronavirus from cars starting this week—a less ambitious program than the swift nationwide testing campaign President Trump promised Friday.
Fed slashes rate to near zero, eases lending rules
The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.
Two neighboring states order bars, restaurants to close
Pickup orders and deliveries will still be permitted, but dining rooms must shut to try to slow spread of COVID-19.
Fed’s coronavirus expert says he’s open to a 14-day ‘national shutdown’ to stem virus
But Dr. Anthony Fauci said travel restrictions within the United States, such as to and from hard-hit Washington state and California, probably will not be needed anytime soon.
Virus screenings jam US airports; ‘atrocious,’ a flyer says
The dense crowds Saturday at some of the 13 airports where travelers from Europe are being funneled—among the busiest across the country—formed even as public health officials called for “social distancing” to stem the spread of the pandemic.
With unprecedented force and speed, a global recession is likely taking hold
Across the country, consumer spending—which supports 70% of the economy—is grinding to a halt as fears of the escalating coronavirus pandemic keep people from stores, restaurants, movie theaters and workplaces.
Trump takes virus test, awaiting results
Trump also told reporters at a White House briefing that he had his temperature taken before stepping into the room and it was “totally normal.”
Holcomb suspends commercial driver rule, acts to help low-income Hoosiers keep services
Holcomb signed an executive order meant to speed up deliveries to retailers, which are running short of supplies, by lifting regulations on the number of hours that commercial drivers can work.
White House, House Democrats reach deal on coronavirus economic relief package
Agreement calls for spending tens of billions of dollars on sick leave, unemployment insurance, food stamps and other measures to address the unfolding COVID-19 crisis.
Democratic, Republican chairmen call for more flexibility in primary voting
The party leaders did not suggest any delay in the May 5 primary itself.
Dow soars nearly 2,000 points as Trump announces new virus measures
Investors have been clamoring for strong action from the U.S. government to combat the economic impact of the virus outbreak.
Trump declares virus pandemic a national emergency
Speaking from the Rose Garden, Trump said, “I am officially declaring a national emergency.” He said the emergency would open up $50 billion for state and local governments to respond to the outbreak.
United Way launches $16.5M fund aimed at COVID-19 economic relief
The fund, called the Central Indiana COVID-19 Community Economic Relief Fund, received a $15 million donation from Lilly Endowment Inc. and $500,000 contributions from three other organizations.
Indiana officials say virus cases undercounted because of test shortage
State Health Commissioner Kristina Box said Indiana has more coronavirus cases than the 12 that have been confirmed, but she doesn’t believe the virus has become a widespread problem yet because hospital systems aren’t overwhelmed with cases.
500 Festival cancels events through April 11
The not-for-profit organization that plans community events around the Indianapolis 500 race said it is continuing to plan for events after April 11, including the One America Mini Marathon, scheduled for May 2.
Indianapolis Public Library to close over coronavirus concerns
The library said it plans to reopen on April 6 but will monitor conditions and remain closed for a longer period if need be. Due dates will be extended until the library reopens.
Capital Improvement Board braces for big losses from COVID-19 outbreak
The head of the Capital Improvement Board of Marion County, which owns and manages the Indiana Convention Center and Lucas Oil Stadium, on Friday acknowledged there will be an “obvious impact” from the virus.
IndyCar series canceling all races before Month of May in Indy
There were four events on the series’ 2020 schedule before action was set to return to Indianapolis Motor Speedway.