5 things to know for March 20: Coronavirus, economy, Dems, Richard Burr, New Delhi - CNN | Canada News Media
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5 things to know for March 20: Coronavirus, economy, Dems, Richard Burr, New Delhi – CNN

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Here’s what else you need to know to Get Up to Speed and Out the Door Stay Indoors.
(You can also get “5 Things You Need to Know Today” delivered to your inbox daily. Sign up here.)

1. Coronavirus 

California has ordered its nearly 40 million residents to stay home to avoid spreading the coronavirus. It’s the first statewide order of its kind, but other countries are enacting similar measures. Argentina, home to 45 million people, has also ordered people to stay home, with limited exceptions for grocery shopping or doctor appointments. US cases of Covid-19 spiked yesterday to 13,000 and are rapidly approaching 250,000 worldwide. In Italy, the 3,405 or more coronavirus deaths have surpassed the death toll recorded in China, where the virus originated. The virus has infected at least two members of the US Congress and public figures around the world, including Prince Albert II of Monaco. The 62-year-old leader’s condition is reportedly “not worrying at all,” and he used the announcement of his illness to remind citizens to stay home and limit contact

2. World economy 

Countries are pumping trillions of dollars into their economies to avoid a worldwide recession under the shadow of the coronavirus pandemic. In the US, Senate Republicans have unveiled a $1 trillion package that includes direct payments for citizens under a certain income threshold and hundreds of billions in loans to airlines and small businesses. Already, a predicted 2.25 million Americans filed initial unemployment claims this week, the highest on record. In the UK, a $400 billion deal is on the table, and the European Central Bank says it will spend more than $800 billion buying government debt and private securities to keep financial systems functioning. France also has announced a plan to waive some rent and utility bills and guarantee $324 billion worth of loans. Despite the efforts to keep the global economy above water, experts worry the stimulus deals may actually widen economic equality in the long run. 

3. Election 2020 

Tulsi Gabbard has called it quits. The Democratic presidential candidate and congresswoman from Hawaii officially ended her campaign and endorsed Joe Biden. While Gabbard has long voiced admiration for the former vice president, it’s worth noting she backed Bernie Sanders in 2016’s Democratic primary. Gabbard, an Iraq war veteran, never broke through the crowded ranks of candidates, but she did have a high-profile scrap when Hillary Clinton implied Gabbard was a Russian asset. Biden also picked up an endorsement from a former candidate in Sen. Kirsten Gillibrand. Despite early debate-stage clashes over gender roles, Gillibrand said in a statement that Biden would be a “champion for women and families.”

4. Sen. Richard Burr 

Senate Intelligence Chairman Richard Burr is facing strong criticism related to the coronavirus pandemic. According to Senate documents, Burr and his wife sold as much as $1.7 million in stock right before the outbreak’s escalation caused a sharp market decline. Two weeks later, the North Carolina Republican issued a dire warning to attendees at a private event in Washington, according to audio obtained by NPR. His statements went completely against the position at the time of President Trump, who said the virus would likely disappear. Burr criticized NPR’s reporting via Twitter, saying the gathering was mischaracterized. Regarding the stock sales, there’s no indication the sales were made on the basis of any inside information or that Burr broke any Senate rules by selling the stock.

5. New Delhi rape case 

Four men have been executed for the gang rape and murder of a 23-year-old student in 2012 on a New Delhi bus. The case shocked the world and cast a global spotlight on the high rates of sexual assault in India. The number of reported rapes has risen since the 2012 attack, potentially because of greater awareness and the perception that something will be done about reported cases. In 2018, more than 33,000 cases of alleged rape were reported in the country — roughly 91 cases each day. Legal reforms and more severe penalties for rape were also introduced following the woman’s death. 

BREAKFAST BROWSE

Spring is likely to be warmer than normal across the US 
Perfect for all those responsibly distanced walks we’re going to take. 
This is what scientists learned after firing a small cannonball into a near-Earth asteroid
Finland was named the happiest country in the world for the 3rd year in a row
Here are some literature-film combos, so you can read the book and then watch the movie 
Vampire bats make friends by regurgitating meals into each other’s mouths
Got any tips, bats? Because when we try to make friends like that, it goes all wrong

TOTAL RECALL

Quiz time! 
Tom Brady left the New England Patriots this week and is expected to sign with what other NFL team?
A. The Atlanta Falcons 
B. The Minnesota Vikings 
C. The Carolina Panthers 
D. The Tampa Bay Buccaneers 
Play “Total Recall,” CNN’s weekly news quiz, to see if you’re correct! 

TODAY’S NUMBER

The number of temporary workers Walmart plans to hire by the end of May. The company said the new positions will be in clubs, distribution centers and fulfillment centers, and many may transition to permanent jobs over time. 

TODAY’S QUOTE

“They started to worry and I really appreciate it, but then they invented that I was depressed.”
Brazilian soccer legend Pele, 79, responding to recent fan concerns that complications from a hip surgery had led to depression and reclusiveness. 

TODAY’S WEATHER

AND FINALLY

A wild year of Canadian animals
Canada has some remarkable wildlife, so take a tour through a year of caribou, belugas, birds, moose and seals. Bonus: This video is shot in 360 degrees, so drag it around (or click the compass in the upper left corner) to see even more animal goodness! (Click here to view.) 

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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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