Microsoft overnight issued an update to its 3rd quarter 2020 financial guidance - it's a publicly traded company, so it's obliged to keep shareholders aware of expected shifts in revenue - noting that it doesn't expect to meet its revenue guidance in the third quarter of its financial year.
In its notification to its clients, Clearview AI reportedly told its customers that an intruder "gained unauthorised access" to its list of customers, including the number of user accounts those customers had set up, and the number of searches they had done.
The Fed expects to put forward ideas from its own year-long policy framework review by mid-year. "If a US company (with a certain earnings stream priced in) can't source inputs because overseas factories are idled with workers sick or locked down in their homes, a fed funds rate at 1.5% or at 0.25% is irrelevant", they wrote in a note to clients on Monday.
Earlier in the day, stock markets in the U.S. and Europe plunged into correction territory as panic over the spread of the virus triggered a wave of fresh sell-offs. As of 12:30 p.m., the Dow was recording about a 200 point loss on the day. All three indexes are down for the year and 10 percent below their recent highs, a decline that many market watchers consider the official sign of a market "correction".
The president told us that he is going to spend whatever it takes, but said he would leave the amount to Congress. "The risk to the American people remains very low", Trump said in a press conference at the White House. Amy Klobuchar criticized Trump for trying to cut back funding of the CDC and the National Institutes of Health. In 2018, researchers at Yale University found the epidemic could have been prevented if Pence and state officials had acted faster.
However, the rate of infection in China has eased. It has spread to some 28 other countries and territories, with a death toll of around two dozen, according to a Reuters tally. In Europe, markets had their biggest daily declines since mid-2016. Global equities extended losses as concerns about the spread of the virus beyond China grew with sharp rises in infections in Italy and Iran, while South Korea raised its infectious disease alert to its highest level.