The drops in pre-market trading likely heralded more turmoil for markets Thursday.
But the blueprint may have fallen short of investors' hopes, helping send stock futures lower.
Unlike during the 2007-2009 recession, which hurt business travel more than vacation travel, the drop in bookings is broad, Delta executives said Tuesday during a Wall Street aviation conference. The travel ban announced by Trump, and the NBA’s decision Wednesday to suspend the rest of its season, also could augur a sharper-than-expected pullback in household consumption.
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Donald Trump announces 30-day European travel ban starting Friday'To keep new [coronavirus] cases from entering our shores, we will be suspending all travel from Europe to the United States for the next 30 days,' Trump said Wednesday.
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Trump bans foreign travelers who made stops in 26 European countries over coronavirus pandemicBREAKING: President Trump halts travel from Europe amid coronavirus pandemic; he also announced a series of economic relief actions.
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Trump suspends travel from Europe to battle coronavirus; NBA suspends seasonIn a televised address, President Trump announced he was banning travel to Europe, proposing a $50 billion increase in federally backed small-business loans and calling for payroll tax relief. Here are his complete remarks. Read more:
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Trump vows 'major' steps to aid U.S. economy amid coronavirus riseSenator Ted Cruz and Representatives Doug Collins, Paul Gosar and Matt Gaetz announced they would isolate themselves after coming in contact at a conservative political conference with an attendee who later tested positive for the coronavirus
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Trump faces huge leadership crisis over coronavirus and the economyCoronavirus fears and a fight over oil prices drove markets to a disastrous start to the week as the Trump administration continues to grapple with responding to the coronavirus outbreak.
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Trump slams 'pathetic, slow moving' Federal Reserve as the coronavirus hits the US economy - Business InsiderEven before the outbreak, Trump repeatedly called for more aggressive measures including quantitative easing and negative interest rates.
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