In an effort to offset the economic burden from the ongoing new coronavirus pandemic, Treasury Secretary Steven Mnuchin said Tuesday the Trump administration wants to send money to Americans as quickly as possible.
Meanwhile, Tuesday marked another rough day in sports as four Brooklyn Nets players, including Kevin Durant, tested positive for the new coronavirus. However, it was a less glum day on Wall Street as stocks jumped after President Donald Trump promised he’s “going big” with plans to blunt the economic pain caused by the coronavirus outbreak.
In Brooklyn, the Nets announced that four players on the team tested positive for the new coronavirus, though the team did not identify which players were infected. The Athletic, however, confirmed Durant is among the players to test positive for the virus.
The four players on the Nets now join the Utah Jazz’s Rudy Gobert and Donovan Mitchell, along with the Detroit Pistons’ Christian Wood as the seven confirmed coronavirus cases in the NBA.
On Wall Street, Tuesday’s 4.7 percent gain for the S&P 500 meant it clawed back a little more than a third of its loss from a day before, its biggest in more than three decades. The Dow Jones see-sawed through the day, closing at 1,000 points higher than Monday.
READ MORE:
Trump Wants Cash Sent To Americans
Kevin Durant 1 Of 4 Nets Players With Coronavirus: Report
Stocks Jump As Trump Promises Big Economy Aid
Don’t miss local and statewide news about coronavirus developments and precautions. Sign up for Patch alerts and daily newsletters.
Numbers: Latest U.S. Confirmed Cases And Deaths
The New Coronavirus: Your Questions AnsweredThe Coronavirus Dictionary: Social Distancing, Flatten The CurveHow Does The Coronavirus Test Work?How Canceled Events, Quarantines Save LivesCoronavirus: Why You Must Act Now12 Work-From-Home TipsHow To Properly Clean Your Phone In The Age Of CoronavirusIRS Delays Tax Payment Deadline For Some
Treasury Secretary Steven Mnuchin announced Tuesday that taxpayers can delay paying income taxes on as much as $1 million in taxes.
Medicare Expands Telemedicine
The new option will allow millions of older people to take care of ongoing medical problems as well as new concerns without leaving home.
Stocks Jump As Trump Promises Aid
Stocks jumped Tuesday as President Donald Trump promised he’s “going big” with plans to blunt the economic pain caused by the coronavirus outbreak.
Macy’s Temporarily Closes All Stores
Macy’s say it will provide benefits and compensations to its impacted workers.
AMC, Regal, Landmark Theatres Close
The nation’s largest movie theater chains have shut their doors to stop the spread of the virus.
New Parents, Cafe Owners Struggle Amid Coronavirus
Two artists met while working at a Hoboken, New Jersey, coffee shop and dreamed of starting their own. Now, with two small kids, they’re worried.
Scenes Of A Fearful Chicago
On Monday, there was time for one last sit-down lunch in the Loop before new coronavirus closures shut down restaurants and bars for weeks, or longer.
Virus Evident In FL’s Election
The new coronavirus was not officially on Tuesday’s ballot in Florida but the virus was clearly evident at polling places around the state.
Austin Mayor Pens Letter To City
Mayor Steve Adler seeks to assuage COVID-19 concerns with guidance and tips amid anxiety, outlining ‘how we’re going to get through this.’
Illinois Restaurant Workers Doing “Absolutely Terrible”
Restaurant owners are cooking “staff meals” to-go and trying to raise money online to help workers pay rent amid COVID-19 closures.
Rhode Island Calls To Reschedule Primary
The Rhode Island Board of Elections voted to rescheduled to primary over concerns of the coronavirus.
NYC Should Expect Shelter-In-Place Order
The mayor said he’ll be making the decision in the next 48 hours.
Mall Of America To Close
The largest shopping mall in North America is closing its doors in order to reduce the spread of COVID-19.
Costco, Domino’s, Mariano’s, Jewel Hiring
Grocery companies are focusing on hiring to keep up with stocking shelves during the coronavirus outbreak.
SAT, ACT Tests Canceled
This year’s SAT and ACT tests, the largest college placement exams in the U.S., are being canceled or postponed due to the new coronavirus outbreak, the groups that run both tests announced.
Coronavirus Could ‘Overwhelm’ Hospitals
The nation’s hospitals would be overwhelmed if people don’t practice social distancing to help “flatten the curve” on the spread the new coronavirus, according to a leading doctor of emergency medicine.
1st Coronavirus Death In Illinois
A Chicago woman in her 60s who had underlying health conditions has died of the illness. She was diagnosed with coronavirus earlier this month.
1st Coronavirus-Related Death In Texas
Matagorda County Emergency Operation Center said late Monday a man in his 90s succumbed to COVID-19 the previous night.
State Of Emergency In Massachusetts
Curfews, suspending liquor sales, driving bans: All could happen under local emergency declarations, according to Massachusetts law.
Coronavirus Scams Begin In Bay Area
In addition to a phone scam that has already begun, IT researchers warn of malware attached to phony coronavirus websites.