Stocks tumbled on Wall Street and markets around the world, a day after President Donald Trump warned Americans to brace for “one of the roughest two or three weeks we’ve ever had in our country,” with 100,000 to 240,000 deaths projected in the U.S. before the crisis is over. The Dow Jones Industrial Average lost more than 970 points, or over 4%.
Meanwhile, European nations facing extraordinary demand for intensive-care beds are putting up makeshift hospitals, unsure whether they will find enough healthy medical staff to run them. London is days away from unveiling a 4,000-bed temporary hospital built in a huge convention center. Few have made it into the field yet, as authorities vet and figure out how to use them, but hospitals are expected to begin bringing them in later this week.
With New York on near-lockdown, the normally bustling streets in the city of 8.6 million are empty, and sirens are no longer easily ignored as just urban background noise. Cuomo said projections suggest the crisis in New York will peak at the end of April, with a high death rate continuing through July.
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