“I was just stunned,” Dallas Mavericks owner Mark Cuban says about learning the NBA season had been suspended.
premarket trading as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors.—Fred Imbert, Yun LiTreasury Secretary Steven Mnuchin, delivers remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020.
Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks, and backstop airlines and other companies. A Treasury official said Mnuchin was not providing a forecast but trying to illustrate the potential risks of inaction.Swedish home retailer Ikea is to temporarily close stores in the Netherlands, Belgium, Portugal, the U.S. and Canada. Stores in Denmark are already temporarily closed, Reuters reported.
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