The Morning Dispatch: Thursday Was One for the History Books
Happy Friday. It’s been a tough few days for coronavirus news, and we hope you’re all staying safe out there. As a note of encouragement, we’ll remind you that the best thing you can do for yourself, your community, and your country as we fight this thing is to be diligent with the basic precautions of keeping up scrupulous hygiene and practicing social distancing. If we all pull together, we can all stay apart! Let’s get on to the news.
Quick Hits: Today’s Top Stories
In an effort to prop up cratering markets, the Federal Reserve announced Thursday it would inject more than $1 trillion in short-term liquidity into the financial system. Nevertheless, markets continued to free fall, with the Dow shrinking 10 percent—the biggest single-day crash since 1987.
Medicare will cover tests for the novel coronavirus, “generally” without copays, according to CMS administrator Seema Verma.
A Brazilian official who met and posed for a picture with President Trump last weekend has tested positive for the coronavirus.