The Wall Street Journal - 28.03.2020 - 29.03.2020

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**** SATURDAY/SUNDAY, MARCH 28 - 29, 2020 ~ VOL. CCLXXV NO. 73 HHHH$5.






The U.S. surpasses 100,
confirmed cases, A
MIT project will track
patients via their phones, A
Italy’s slow progress is a
warning to the West, A

How Will The Pandemic

Change Our World?


A Guide to

Superior Slumber


aise with his team “thanks to
the wizardry of modern tech-
The 55-year-old’s diagnosis
raises questions about whether
other senior British politicians
and officials leading the pan-
demic response have been in-
fected. Later, leading members
of his coronavirus team—
Health Secretary Matt Hancock
and Chief Medical Officer for
England Chris Whitty—said
they were isolating at home af-
ter Mr. Hancock tested positive
and Mr. Whitty said he had de-
veloped symptoms. The heir to
the British throne, Prince
Charles, said Wednesday he
had the virus.
The prime minister’s illness
Please turn to page A

Why market panics
happen—and what
investors can do
about it.B

Global Gold Rush Has Bankers

Searching for Bars

Shortage spooks preppers and investors

alike; ‘looking through the cupboard’

It’s an honest-to-God
doomsday scenario and the ul-
timate doomsday-prepper mar-

As the coronavirus pan-
demic takes hold, investors
and bankers are encountering
severe shortages of gold bars
and coins. Dealers are sold out
or closed for the duration.
Credit Suisse Group AG, which
has minted its own bars since
1856, told clients this week not

to bother asking. In London,
bankers are chartering private
jets and trying to finagle mili-
tary cargo planes to get their
bullion to New York exchanges.
It’s getting so bad that Wall
Street bankers are asking Can-
ada for help. The Royal Cana-
dian Mint has been swamped
with requests to ramp up pro-
duction of gold bars that could
With staff reduced at the
Royal Canadian Mint because
of the virus, the government-
owned company is producing
only one variation of bullion
bars, according to Amanda
Please turn to page A

ByLiz Hoffman,
Amrith Ramkumar
andJoe Wallace

Britain’s Boris Johnson

Tests Positive for Virus

LONDON—British Prime
Minister Boris Johnson be-
came the first leader of a ma-
jor government to announce
he has tested positive for the
new coronavirus, highlighting
a challenge many governments
front an unprecedented peace-
time crisis.
Mr. Johnson said his symp-
toms were mild and that he
would continue to lead the
country while he confined
himself to his residence for a
week. “I am working from
home,” said Mr. Johnson in a
video he posted online, adding
that he would continue to li-


Raju Sarker had been sick in his dormi-
tory for two days, staying away from the
Singapore construction site where he
worked. He had a headache and chills. His
stomach didn’t feel right. He was exhausted.
But on a phone call
with his wife on Feb. 5,
the 39-year-old put on
a brave face. She was
back home in Bangla-
desh, two months from
giving birth. Mr. Sarker,
hoping for a baby girl,
had been thinking
about what his firstborn would call him:
Baba, or perhaps Abba.
“Don’t worry,” he said, ending the conver-
sation in under two minutes. He didn’t tell
his wife he had borrowed $250 from his em-

ployer that morning to go to the hospital,
nor about his cough, persistent and draining.
The next day, he ignored her calls altogether.
He’d speak to her when he felt a little better,
he thought, and texted: “I’ll call you later.”
At the hospital, doc-
tors sent him straight
to the intensive-care
unit. A mysterious new
virus had emerged in
China and begun
springing up in neigh-
boring countries, in-
cluding Singapore. Mr.
Sarker didn’t know much about it, except
that since Lunar New Year in January, he
and his team, which installed information-
technology infrastructure in data centers
Please turn to page A

This article was reported byNiharika
Mandhanain Singapore,Drew
Hinshawin Warsaw,Kim Mackraelin
Ottawa, Eric Sylvers in Milan and
Suryatapa Bhattacharyain Tokyo, and
was written by Ms. Mandhana.


EXTRAORDINARY: Pope Francis delivered Friday an ‘Urbi et Orbi’ blessing, usually given only at Christmas and Easter, praying to end the coronavirus outbreak.

It starts, most often, with a
cough or a sneeze.
Thousands of tiny, often in-
visible droplets of saliva or mu-
cus disperse in the air. You walk
by—within 6 feet of the of-
fender—and inadvertently in-
hale the droplets.
The novel coronavirus that
causes Covid-19 begins like
most other respiratory viruses.
But scientists are still studying
how the virus in some patients
progresses to the lungs, causing
viral pneumonia, difficulty
breathing, and even death.
The race to understand what
happens in the body when
someone gets infected comes as
global death tolls spiral, pa-
tients flood emergency rooms,
and hospitals clamor for sup-
plies. Doctors have been forced
to learn much about how the
virus works as they go.
There are some things scien-
tists know based on how simi-
lar respiratory viruses work.
That coupled with recent case
reports from patients in China
and Washington state have
given scientists a basic under-
Please turn to page A



Probe Ways


Attacks Body

Five Lives. Five Countries.

How Virus Swept the Globe.

Confusion and dread as loved ones fought a relentless pandemic

Trump ordered General Motors
Co. to sharply ramp up the
production of ventilators to
treat coronavirus patients,
turning to a wartime presiden-
tial power that he had been re-
luctant to use.
Mr. Trump on Friday in-
voked the Defense Production
Act, or DPA, which dates back
to the Korean War and gives
the president powers to re-
quire businesses to produce


Trump signed a roughly $2 tril-
lion economic-rescue package
into law, hours after House law-
makers hustled back to the

Capitol to pass the aggressive
response to the coronavirus
pandemic that has staggered
the U.S. economy.
The bill is the largest relief
package in U.S. history and ex-
tends aid to many struggling

BySiobhan Hughes,
Natalie Andrews
andLindsay Wise

House-approved relief
package of $2 trillion
offers aid to combat
damage of pandemic

goods tied to national defense.
For weeks he had said that the
threat of invoking the DPA was
sufficient. Previously he lik-
ened using the DPA to nation-
alizing American business. He
reversed course Friday, saying
GM was “wasting time” in ne-
gotiations with the federal
With the number of con-
firmed cases of Covid-19—the
disease caused by the new cor-
onavirus—topping 100,000 in
the U.S. on Friday, worries
about a ventilator shortage
have grown all the more ur-
GM was already working to-
ward wide-scale ventilator pro-
duction through a collabora-
tion struck last week with
medical-device firm Ventec Life
Please turn to page A

Trump Signs Record Stimulus Law

Americans through direct pay-
ments and expanded unemploy-
ment insurance. The package
provides loans and grants to
businesses, augments drained
state coffers and sends addi-
tional resources to sapped
health-care providers.
“I want to thank Democrats
and Republicans for coming to-
gether and putting America
first,” Mr. Trump said Friday in
the Oval Office. He added, in a
nod to the size of the package:
“I never signed anything with a
Mr. Trump has told people
he wants his signature to ap-
pear on the direct-payment
checks that will go out to many
Americans in the coming
weeks, according to an admin-
istration official. The White
House didn’t comment.

Normally, a civil servant—
the disbursing officer for the
payment center—would sign
federal checks, said Don Ham-
mond, a former senior Treasury
Department official.
The measure passed the
Senate 96-0 earlier in the week
and had overwhelming support
in the House as well. But it
needed to clear one last hurdle
on Friday after Rep. Thomas
Massie (R., Ky.) tried to force a
recorded vote, arguing it would
be irresponsible to use a voice
vote on such a large bill. This
angered many fellow lawmak-
ers, who said making them
show up in person risked
spreading coronavirus and
Please turn to page A

President orders GM
to make ventilators,
invoking wartime act
as outbreak worsens

Alone in St. Peter’s Square, the Pope Streams a Prayer to the World for the Pandemic’s End

 Fed reviews ways to support
financing for states............... A

Trump orderedGM to
sharply ramp up the pro-
duction of ventilators to
treat coronavirus patients,
turning to a wartime pres-
idential power that he had
been reluctant to use.A

Major U.S. stock indexes
posted double-digit gains
for the week, but they sank
Friday and remain down
more than 20% in 2020.B

Measures to curbthe
coronavirus could lower
GDP in the U.S. and other
developed countries by a
quarter, the OECD said.A
The Fed is reviewingnew
ways to support financing
for state and local govern-
ments amid the pandemic.A

Boeing is setto emerge
as a big winner of the stim-
ulus package, even if the
company declines to seek
direct taxpayer help.B

China clearedGoldman
and Morgan Stanley to take
majority control of their lo-
cal securities businesses.B

The SEC is givingpublic
companies additional time
to file annual reports and
other major disclosures.B



Books..................... C7-
Business News...... B
Design & Decor. D10-
Food......................... D6-
Gear & Gadgets D12-
Heard on Street...B

Markets..................... B
Obituaries............... A
Opinion.............. A15-
Sports....................... A
Style & Fashion D2-
U.S. News............. A2-
Weather................... A

s2020 Dow Jones & Company, Inc.
All Rights Reserved



rump signeda roughly
$2 trillion economic-
rescue package into law,
hours after House lawmak-
ers hustled back to the
Capitol to approve the ag-
gressive response to the
coronavirus pandemic.A
The U.S. surpassed
100,000 confirmed cases of
the virus, led by a continued
jump in infections in New
York and in new hot spots
across the country.A

U.K. Prime Minister
Johnson became the first
leader of a major govern-
ment to announce testing
positive for the virus.A

The Trumpadministra-
tion is preparing to sus-
pend collection of import
tariffs for three months to
give U.S. firms financial re-
lief amid the pandemic.A

States are exploringways
to expand voting by mail and
early voting ahead of the
November election to make
sure balloting proceeds if
the pandemic persists.A

A retired Venezuelan
general surrendered to
U.S. counternarcotics au-
thorities a day after prose-
cutors indicted him.A




The World Health Organiza-
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handle newspapers during
the coronavirus pandemic.
The Wall Street Journal’s
printing plants and delivery
services, though, are taking
precautions, frequently
cleaning equipment and fa-
cilities while reducing human
contact with the newspaper.
A digital version of the print
edition also can be viewed at

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