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Longtime hedge fund manager Bill Ackman urged President Donald Trump to shut down the country for 30 days to contain the coronavirus, calling it the only option to rescue the economy. “What’s scaring the American people and corporate America now is the gradual roll-out,” Ackman said on CNBC’s “Halftime Report” on Wednesday. “We need to shut it down now… This is the only answer.””If he can save the country from the coronavirus, he will get re-elected,” Ackman said. – Li
Stocks are halted for trading after the S&P 500 dropped 7%, kicking in the level one “circuit breaker.” – StevensÂ
Natural gas is down 7% today, and is now trading at its lowest level since Sept. 20, 1995. – Francolla, Stevens
Around midday, the major averages were down sharply once again as Wall Street continued its volatile streak during the coronavirus crisis. The Dow Jones Industrial Average was down more than 1,300 points, or 6.3%. The S&P 500 and Nasdaq fell 6% and 5%, respectively. Those losses offset a sharp bounce from the previous session, which was sparked by hopes of massive fiscal stimulus. âImbert