It’s the start of another wild week in markets:

🛢 Oil crashed more than 30% in an all-out price war, with prices sliding the most since the Gulf War in 1991.

📉 Stocks plunged while bonds and currencies moved wildly. Sudden moves in the Australian dollar and the yen left traders struggling to establish where new trading ranges might be.

⬇ U.S. stock futures tumbled, pointing to a rough open.

Get the latest: https://bloom.bg/3aDFIVF

📉 What started with the biggest oil-price collapse since 1991 is shaping up to be one of the wildest days in years for global markets. https://bloom.bg/337oI7J

💰 Even before today, financial conditions were tightening at the fastest pace since the 2008 crisis. https://bloom.bg/331gDkU

🚨 Meanwhile, Pimco's global chief economic adviser warned the worst is yet to come for the global economy—with the U.S. and Europe facing the "distinct possibility" of a recession. https://bloom.bg/2TUlRe6

📉 U.S. stocks plunged more than 5%, whipsawing back from losses that topped 7% and triggered a trading halt. The S&P 500 is now down about 18% from its Feb. 19 all-time high: https://bloom.bg/3aDQdII

⬇ The last time U.S. stocks triggered the 7% circuit breaker, on Dec. 1, 2008, the S&P 500 ended the day down 8.9%: https://bloom.bg/2xoVvJN

💰🚫 A supply-driven drop in oil prices would normally be a positive for global growth, cutting costs for businesses and putting more money in consumers’ pockets. This time, that might not be the case: https://bloom.bg/2TE824R

💰 Jack Ma just toppled Mukesh Ambani as Asia’s richest man. With markets in freefall, the Indian energy tycoon’s net worth plunged $5.8 billion in a single day.

While the coronavirus has curtailed some of Alibaba’s businesses, the damage has been alleviated by increased demand for its cloud computing services and mobile apps.

Ambani’s Reliance Industries has no such silver lining. Read more: https://bloom.bg/2TzD0Lc

And see the full Bloomberg Billionaires Index here: https://bloom.bg/38En1js

⛽ Saudi Arabia escalated its oil price war with Russia, with its state-owned company pledging a massive production hike to flood the market. https://bloom.bg/2TEzAqL

📈 Stocks rallied in a partial recovery from the deepest one-day equity rout since the financial crisis. https://bloom.bg/38EjS3d

🇮🇹 The Italian government is negotiating with banks to provide breaks from mortgage payments, as individuals and businesses are hit by a nationwide lockdown to contain the coronavirus. https://bloom.bg/335wRcV

💰 U.S. stocks rebounded from the worst selloff since the financial crisis, though gains began to fade on questions over the timing for stimulus promised by the Trump administration to combat the impact of coronavirus: https://bloom.bg/3cPeSf9

🤝 Handshakes and hugs are a big part of the U.S. presidential primary campaign trail…and they don’t appear to be going anywhere anytime soon: https://bloom.bg/2xu68ex

✈️ Delta and American Airlines withdrew their 2020 financial forecasts and plan to cut back on flying as they grapple with a rapid decline in travel demand: https://bloom.bg/2wNpuKV

〰 Volatility continued to grip markets. U.S. futures retreated with Treasury yields. Asia stocks were mixed and oil surged with no clear trigger. https://bloom.bg/38Jd7gm

🍀 St. Patrick’s Day—the March 17 holiday known for green garb and beer—will be a major test of how hard the coronavirus will hit America’s $13 trillion consumer economy. https://bloom.bg/2TENZ61

💻 Meanwhile, China's tech industry, already notorious for long hours, is ramping up overtime during the virus outbreak. Telecommuting workers are now expected to be on call 24/7, with regular check-ins to ensure they’re not slacking off. https://bloom.bg/3aLJe0s

💶 Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, warned ECB President Christine Lagarde. https://bloom.bg/2W2lLnB

✂ The Bank of England announced its first emergency interest-rate cut since the financial crisis, aimed at preventing the virus from crippling the U.K. economy. https://bloom.bg/2TVmBQr

🇬🇧 Britain's strategy to beat the virus? Keep calm and wash your hands. https://bloom.bg/2W4utlm

⬇ A key measure of U.S. consumer prices rose in February by the most in five months: https://bloom.bg/2WaU0sO

📉 Turmoil continued to rattle global financial markets. The S&P 500 sank 3.4%, wiping out more than half of Tuesday’s surge: https://bloom.bg/2W2OM2v

🇺🇸 Joe Biden has opened an all-but-insurmountable lead over Bernie Sanders in the race for the U.S. Democratic presidential nomination: https://bloom.bg/2TV1Bcl

BREAKING: President Donald Trump announced a temporary ban on all travel from Europe to the U.S. for the next 30 days, effective from Friday. The U.K. was exempted.

It's the Trump administration's most far-reaching measure yet in the fight to combat the coronavirus pandemic. https://bloom.bg/3aYXAuD

🔔 The coronavirus outbreak was finally declared a pandemic by the WHO. The pathogen has continued its disruptive spread, now infecting famous names including Tom Hanks, his wife, Rita Wilson, and an NBA player. https://bloom.bg/2TRugyU

📉 U.S. and European equity futures tumbled, Asian stocks sank and emerging-market currencies slid after Trump's stimulus address brought investors little confidence. https://bloom.bg/2IGdVrK

💿 Meanwhile, Amazon wants to wean Japan off its addiction to CDs. That, along with DVDs and vinyl, comprise 71% of the Asian country's music sales compared to just a quarter worldwide. https://bloom.bg/2xwlW0e

😷 Patients with the new coronavirus keep the pathogen in their respiratory tract for as long as 37 days, a new study found. https://bloom.bg/2U3shYJ

🇺🇸 Donald Trump's error-laden "foreign virus" speech spooked investors. https://bloom.bg/3aPAgPC

📉 Bitcoin slumped through $6,000, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis. https://bloom.bg/2w0fEpa

🛑 U.S. stocks collapse at the open, with the S&P 500 plunging 7% triggering a market-wide halt in trading: https://bloom.bg/2IILoSm

💶 The European Central Bank has pledged stimulus to help support the euro-zone economy during the coronavirus outbreak: https://bloom.bg/33h7zsj

🧳 Travelers face steep losses for coronavirus cancellations, and great bargains for those brave enough to book now: https://bloom.bg/2IHfB4w

📉 Asian stocks plunged after Wall Street's worst session since 1987. Korean and Indonesian equities triggered trading halts, and Japan's Nikkei sank 10%. https://bloom.bg/3cXlb0a

🌏 Asia battled the coronavirus for two months before the WHO declared it a pandemic. Here’s what health officials in the U.S. and Europe can learn from the region’s experience: https://bloom.bg/38MPh3o

📩 As you can tell from all the virus-related messages we’ve sent here, we’re tracking the latest on the outbreak and the global response. Sign up here for our daily newsletter on what you need to know: https://bit.ly/2xuluPT

💉 A new coronavirus test that can assess 4,128 patients a day, a 10-fold increase from existing technologies, got emergency approval from the U.S. government. https://bloom.bg/2Wbvo3e

☀ Will warm weather curb the virus? This is what the experts say. https://bloom.bg/2QeFHzX

📈 U.S. equity futures jumped with European stocks, helping stabilize markets following the worst Wall Street session since 1987. https://bloom.bg/2W9YC2p

🚨Trump plans to declare a national emergency over the coronavirus outbreak, opening the door to more federal aid for states and municipalities: https://bloom.bg/39PQsjZ

📈 U.S. markets rebounded Friday as investors see signs policy makers around the world are taking action to stave off the economic fallout from the coronavirus. Oil jumped: https://bloom.bg/2WcOpCj

😷 Officials are racing to control the coronavirus outbreak in the U.S. and cancelling marquee events across the country. This is how Austin is coping with the lost of SXSW: https://bloom.bg/33hyHrh

🇺🇸 The Federal Reserve took major steps to save the U.S. economy from the fallout of the coronavirus outbreak, slashing its benchmark rate to near zero and promising a massive bond-buying program.

President Donald Trump, who has attacked the Fed for not lowering rates faster and further, quickly expressed support for the move, saying it made him "very happy." https://bloom.bg/2TPYQKy

✈️ It’s hard to know how long the effects of the virus will last, but it will certainly change how we shop, travel and work for years to come. https://bloom.bg/2Wkfl3d

👎 "They blew it": Wall Street reacts to the Fed's emergency rate cut. https://bloom.bg/33qHabB

✈ Coronavirus will bankrupt most airlines by the end of May unless governments and the industry take coordinated action, an aviation consultant warned. https://bloom.bg/39TYZCx

🏠 Asking prices for U.K. homes rose to a record in March as the market appeared undented by the virus outbreak. https://bloom.bg/33kA9cx

📉 U.S. stocks fell more than 10% to start the day as investors fled risk assets amid the mounting economic toll of the coronavirus outbreak: https://bloom.bg/3aXZ87P

💻 The U.S. Health and Human Services Department suffered a cyber-attack on its computer system Sunday night during the nation’s response to the coronavirus pandemic: https://bloom.bg/2Wj2bU4

😷 A 10-minute coronavirus test for $1 could be game changer: https://bloom.bg/33p1gTv

🌏 As the world struggles with the rapid spread of Covid-19, it could learn some lessons from how Hong Kong handled things: https://bloom.bg/2x4LD80

📉 Investors are looking out for more fiscal stimulus and signs the virus is on the wane after the worst rout in U.S. stocks since 1987: https://bloom.bg/2w1yP21

🔍 Meanwhile, North Korea claims it has zero cases of coronavirus. Experts see a different picture:
https://bloom.bg/2IRggAb