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11 minutes ago

Trump Rejects Criticism He’s Playing Down Virus Risk

President Trump rejected criticism that he is playing down the risks of coronavirus after an interview in which he questioned its death rate and suggested that some people with the virus are going to work and getting better.

2020欧洲杯APPOn Fox News Wednesday night, Mr. Trump challenged the 3.4% fatality rate stated by the World Health Organization. He said he had a “hunch” the true figure was lower, citing possible undiagnosed cases.

“You never hear about those people. So, you can't put them down in the category of the overall population in terms of this corona flu and—or virus,” Mr. Trump said. He added: “So, if we have thousands or hundreds of thousands of people that get better just by, you know, sitting around and even going to work—some of them go to work, but they get better.”

2020欧洲杯APPIt isn’t known how many undiagnosed cases of coronavirus there are. Businesses and health professionals have encouraged workers to stay home if they have symptoms, and critics said Mr. Trump was muddying the public-health message.

2020欧洲杯APPRep. Seth Moulton (D., Mass.) said on MSNBC that the president was “completely making light of this,” though he added that he sees “the rest of his administration getting their act together."

2020欧洲杯APPMr. Trump tweeted Thursday that he wasn’t in any way encouraging sick people to go to work.

3 minutes ago

Hunger for Safe Assets Pulls Down Treasury Yields

2020欧洲杯APPTreasury yields were pulled down by investors’ appetite for safe assets and wagers that the Federal Reserve will take further action to counter the economic impact of the novel coronavirus.

2020欧洲杯APPThe yield on 10-year Treasury notes dropped to 0.934%, from 0.992% on Wednesday, putting it on course to close below 1% for the second day in a row.

Yields fell below 1% on 10-year Treasurys for the first time ever Tuesday, a milestone for a market that helps set borrowing costs for the U.S. government as well as millions of consumers and businesses.

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6 minutes ago

Media Companies Face New Hurdle as Virus Weighs on Ad Spending

The fallout from the coronavirus epidemic is threatening to weigh on advertising agencies and media companies’ operations as the disruption to the global economy from travel bans and quarantines spreads further afield.

2020欧洲杯APPU.K. broadcaster ITV PLC warned that the impact of reduced advertising spending from the leisure and tourism industry would hurt its outlook. Ad agency WPP PLC’s stock has shed 32% year to date, while rivals including France’s Publicis Groupe SA have also taken a battering.

“Falls in ad spending are a sign companies are finding things tougher,” said Emilie Stevens, an analyst at Hargreaves Lansdown PLC. “It’s one of the first types of spending to go when companies need to cut back.”

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