Thursday
March 19, 2020 T: 582-7800 www.arubatoday.com facebook.com/arubatoday instagram.com/arubatoday
Page 14
Aruba’s ONLY English newspaper
Trump invokes emergency authority; Big 3 automakers closing
MINNEAPOLIS (AP) — President Donald Trump on Wednesday moved to invoke a federal law that allows the government to marshal the private sector to fight the coronavirus epidemic, as the economic damage mounted with word that Detroit's Big Three automakers agreed to shut down all their factories to protect workers. On a day of head-spinning developments, stocks tumbled again on Wall Street, falling so fast they triggered another automatic trading halt. More borders slammed shut across Europe and North America, with the U.S. and Canada agreeing to close their shared boundary to all but essential travel. And the Trump administration pressed Congress to swiftly pass a potentially $1 trillion rescue package to prop up the economy and speed relief checks to Americans in a matter of weeks. Continued on next page
Traders at the New York Stock Exchange watch President Donald Trump's televised White House news conference, Wednesday, March 18, 2020 in New York. Associated Press