Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Data: The Center for Systems Science and Engineering at Johns Hopkins; Chart: Andrew Witherspoon/Axios. Note: The data was not updated on March 12

Italy recorded 602 deaths on Monday from the coronavirus — a staggering total that could nonetheless be some cause for hope because it's the second day of decline from Saturday's high of 793.

The big picture: Monday marks two weeks since Italy entered a nationwide lockdown, with officials warning at the time that we wouldn't get a sense of how effective the measures had been until right about now.

  • Italians are desperate for signs that a corner is being turned. So too are other countries that have been tracking their outbreaks based on how far they are behind Italy's.

Timeline:

  • Jan. 31: Italy suspends flights to China and declares a national emergency after two cases are confirmed in Rome (2 confirmed cases).
  • Feb. 20: A man in Lombardy tests positive after previously leaving the hospital without a test. He is believed to have spread the disease widely before developing severe symptoms (3 cases).
  • Feb. 23: Small towns hit by the outbreak are placed under quarantine. Carnival celebrations and some soccer matches are canceled (150 cases).
  • March 4: Schools and universities are closed (3,089 cases).
  • March 8: Several northern provinces are placed under lockdown (7,375 cases).
  • March 9: The lockdown is extended nationwide (9,172 cases).
  • March 11: All restaurants and bars are closed (12,462 cases).
  • March 22: Factories are closed and all nonessential production is halted (59,138 cases).

What they're saying:

"Italy looked at the example of China ... not as a practical warning, but as a 'science fiction movie that had nothing to do with us.' And when the virus exploded, Europe ... 'looked at us the same way we looked at China.'"
Sandra Zampa, undersecretary of Italy's Health Ministry, to the NY Times

Go deeper

Ben Geman, author of Generate
15 mins ago - Economy & Business

GM's shrinking deal with Nikola

Illustration: Rebecca Zisser/Axios

General Motors will no longer take an equity stake in Nikola Corp. or build its pickup truck, under a revised deal that still envisions GM as a key tech supplier for Nikola's planned line of electric and fuel cell heavy trucks.

Driving the news: The revised agreement Monday is smaller in scope than a draft partnership rolled out in September that had included a $2 billion stake in the startup and an agreement to build its Badger pickup.

1 hour ago - Technology

Exclusive: Facebook's blackout didn't dent political ad reach

Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Americans saw more political ads on Facebook in the week before the 2020 election than they did the prior week despite the company's blackout on new political ads during that period, according to Global Witness, a human rights group that espouses tech regulation.

Why it matters: The presidential election was a key stress test for Facebook and other leading online platforms looking to prove that they can curb misinformation. Critics contend measures like the ad blackout barely made a dent.

Wall Street wonders how bad it has to get

Illustration: Aïda Amer/Axios

Wall Street is working out how bad the economy will have to get for Congress to feel motivated to move on economic support.

Why it matters: A pre-Thanksgiving data dump showed more evidence of a floundering economic recovery. But the slow drip of crumbling economic data may not be enough to push Washington past a gridlock to halt the economic backslide.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!