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WASHINGTON (AP) — President Donald Trump has announced he will instruct the Treasury Department to allow individuals and businesses negatively affected by the coronavirus to defer their tax payments beyond the April 15 filing deadline. In an address Wednesday night from the Oval Office, Trump said he would use his emergency authority to defer tax payments for taxpayers and businesses who have suffered adverse effects from the spreading virus.
UNDATED (AP) — President Trump is banning Europeans from entering the United States for 30 days in a bid to slow down the spread of the coronavirus. The ban announced Wednesday night will begin at midnight Friday. Americans returning from Europe will be subject to enhanced health screening. The new travel ban is likely to further roil the airline industry, which is fighting a drop in bookings and a rise in people canceling their reservations because of fear of contracting the virus. Trump said he made the decision to impose the ban after talking with top government health professionals.
NEW YORK (AP) — Stock futures are pointing to more losses in U.S. stock markets Thursday after President Donald Trump delivered a speech on the coronavirus outbreak that appeared to disappoint investors. Futures for the S&P 500 moved from a slight loss before Trump spoke at 9 p.m. EST to a loss of 3.3% an hour later. Futures for the Dow Jones Industrial Average were showing a drop of 3.5%. The declines in the futures markets follow steep losses in regular trading Wednesday as investors become increasingly worried that responses from government and central banks will be insufficient to prevent the outbreak from severely impacting the global economy.
NEW YORK (AP) — Tom Hanks says he and wife Rita Wilson have tested positive for the coronavirus. Hanks says in a statement Wednesday that the couple are in Australia and felt tired, with colds, body aches and slight fevers. The Oscar-winner says they were tested because of their symptoms and in his words, “to play things right.” The 63-year-old actor said they will be tested, observed and isolated for as long as necessary. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia.
MIAMI (AP) — The NBA has suspended its season “until further notice" after a Utah Jazz player tested positive Wednesday for the coronavirus, a move that came only hours after the majority of the league's owners were leaning toward playing games without fans in arenas.Now there will be no games at all, at least for the time being. A person with knowledge of the situation said the Jazz player who tested positive was center Rudy Gobert. The person spoke to The Associated Press on condition of anonymity because neither the league nor the team confirmed the test.
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