The prime minister of Italy announced today that they are extending the lockdown over coronavirus from just Northern Italy to the entire country. Watch CNN on it:
That includes 60 million people will be highly restricted until at least April 3rd. From Huffpo:
The northern part of the country, which includes 16 million people, had already been on lockdown. The new lockdown goes into effect on Tuesday and lasts until April 3.
Conte said travel within the country should only occur if completely necessary. Public gatherings, like sporting events, are canceled.
“Stay at home,” Conte said in a press conference Monday. People should only travel for urgent work or emergencies, the PM said. Schools and universities will stay closed, as well as theaters and gyms. The government’s decree also calls for banning public events like weddings and funerals.
The country, which has about 60 million people living in it, had over 9,000 confirmed cases of coronavirus and at least 463 dead as of Monday.
Wow. Are they overreacting? This will absolutely damage their economy, but it’s a pretty good way to slow down coronavirus transmission.
Also:
At least 6 people died in riots as inmates at 27 prisons across Italy protested the handling of the #coronavirus on Monday pic.twitter.com/wuCScuZTnS
— Bloomberg Quicktake (@Quicktake) March 9, 2020
Meanwhile the stock market absolutely crashed today, and they cancelled the St. Patrick’s Day Parade in Boston, and throughout Ireland as well.
ALERT: The 2020 Boston St. Patrick's Day Parade has been cancelled this year due to coronavirus concerns. pic.twitter.com/jQhwpcgkLO
— Only In Boston (@OnlyInBOS) March 9, 2020
More about the stock market:
My recommendation is to not look at your 401k today if you have one. And don’t look tomorrow either. Just.. stop looking for a few months…