Stocks are closing sharply higher on Wall Street Tuesday, adding 4.9 percent to major indexes, as hopes build for a greater response from the Trump administration to the economic threat from the coronavirus outbreak.
Trump said that top administration officials will be meeting with members of the House and Senate on Tuesday to discuss the possible payroll tax cuts and help for hourly workers.
The city still hopes to transform the old Mississippi River barge terminal into a mix of parks, housing and business, with a music venue. But in a victory for neighborhood advocates, it is reversing course on plans to sell land to developers.
Elizabeth Duke and James Quigley were scheduled to testify. Democrats last week said Wells Fargo was slow to "correct serious deficiencies in its infrastructure for managing risks to consumers."
Love it or hate it, millions of workers are figuring out a new work-life balance as more employers try to curb the spread of the coronavirus by ordering them to stay away from the office.
The sharp drops triggered the first automatic halts in trading in two decades. U.S. stocks are now down 19 percent from the peak they reached last month.
The virus was found in an older adult resident of Ramsey County who recently traveled on a ship with a known case of COVID-19, officials said Friday, adding that the person is recovering in isolation at home.
U.S. businesses are shutting down plants and watching their sales plummet around the world. Many economists now say odds are increasing that the economy will slow, if not contract altogether.
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