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Here's what you need to know before the markets open. -
'The 3M saga ends very happily': Trump strikes deal with 3M to import 55 million N95 masks per month. The imported masks will bolster 3M's domestic production of 35 million masks per month. -
Japan declares state of emergency, plans $1 trillion stimulus to combat coronavirus downturn. The package, equal to 20% of national GDP, is meant to help families and businesses suffering from the pandemic. -
'Light at the end of the tunnel': Stocks surge as fewer new coronavirus cases signal lockdowns are working. Italy, France, Spain, and New York have seen fewer new cases in recent days. -
Airbnb could run out of cash in one year, even with the $1 billion it just raised, because of how devastating the coronavirus is on its business. In a worst-case scenario, the online marketplace might not have enough cash to last a year, despite new funding. -
Futures surge on early signs of coronavirus slowdown in hot spots. All three major indexes rallied more than 7% on Monday. -
VW plans to partially reopen plant in Spain's Navarra on April 20. The plant had shut down mid-March due to the coronavirus outbreak -
Early Asia tech results signal slow recovery after virus battering. Smartphone sales and global demand for chips used in work-from-home networks is surging in China. -
Stocks are up. In Europe, Germany's DAX rose 3.5%, Britain's FTSE 100 rose 3%, and the Euro Stoxx 50 rose 2.8%. In Asia, China's Shanghai Composite rose 2.1% while Hong Kong's Hang Seng rose 2.1%, and Japan's Nikkei rose 2%. In the US, futures underlying the Dow Jones Industrial Average, the S&P 500, and the Nasdaq were up by 2.2% to 3%. -
Earnings keep coming. China-based Will Semiconductor Co Ltd will report its fourth-quarter. - US economic data is light. Jolts job openings will be released at 10 a.m. ET and consumer credit will cross the wires at 3 p.m. ET.
SEE ALSO: Trump's top trade adviser issued coronavirus memos in January and February suggesting millions could die with trillions in economic losses SEE ALSO: Boris Johnson's government has considered the possibility that the coronavirus may have accidentally leaked from a Chinese lab SEE ALSO: Airbnb could run out of cash in one year, even with the $1 billion it just raised, because of how devastating the coronavirus is on its business |
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