Stocks Plunge by the Most Since 1987, and Asia Follows: Live Updates
Here’s what else is happening.
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“The Tonight Show Starring Jimmy Fallon” and “Late Night With Seth Meyers” will suspend production next week, NBC said Thursday, making them the biggest daily American television series to go dark because of concerns surrounding the coronavirus pandemic.
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Disney said it would postpone its live-action remake “Mulan,” which was supposed to arrive in theaters on March 27, and its already long-delayed X-Men movie “The New Mutants,” which had been scheduled for April 3. Searchlight, the art house studio now owned by Disney, will delay the release of “Antlers,” which had been set to arrive on April 17.
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The European Central Bank stepped up its purchases of government and corporate bonds, but disappointed expectations that it would cut a key interest rate.
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President Trump’s travel ban will hit jet fuel consumption hard. Bjornar Tonhaugen, head of oil market research at Rystad Energy, estimated that jet fuel use will drop by 600,000 barrels a day, or about 9 percent of the total market.
Reporting was contributed by Brooks Barnes, Jack Ewing, Peter S. Goodman, Jim Tankersley, John Koblin, Tiffany Hsu, Jeanna Smialek, Kevin McKenna, Stanley Reed, Keith Bradsher, Liz Alderman, Alexandra Stevenson, Isabella Kwai, Keith Bradsher, Nicole Perlroth, Matthew Goldstein, Geneva Abdul and Carlos Tejada.
Article source: https://www.nytimes.com/2020/03/12/business/stock-market-today.html