🌷 Good Thursday morning, and welcome to spring. We needed that.
🔮 We did a run-through yesterday (keeping social distance, of course) of the live virtual event we're holding today about the pandemic and what it means for your life, work and world. I promise it'll be worthy of your time.
Illustration: Aïda Amer/Axios
The U.S. is scrambling to prepare for the second phase of the coronavirus outbreak — beyond the threat, to the actual response — and hospitals, investors and policymakers are already behind.
What's next, reported by Axios' Sam Baker, Jennifer Kingson and Bob Herman:
Hospitals and government agencies are trying to throw together enough medical supplies, but also simply enough physical space, to do the work of responding to a widespread outbreak.
The economic crisis is entering a new phase, too: Investors have gone from panic selling to logic selling.
What's next: The Senate signed off on a coronavirus relief bill yesterday just as the White House formally proposed a separate $1 trillion relief and stimulus plan, with half the money going to cash payments to needy Americans.
Illustration: Eniola Odetunde/Axios
In its latest repricing of the economy, the market sees the now-expected global recession caused by the coronavirus outbreak morphing into an economic depression unlike any the world has seen in generations, Axios Markets editor Dion Rabouin writes.
In a research note yesterday called "The Day the Earth Stood Still," JPMorgan lowered its expectations for global GDP to contract for two consecutive quarters to -1.1% for the year, including a Q2 contraction of -14% in the U.S. and -22% in the euro zone.
The most dire warning came from Pershing Square Capital Management CEO Bill Ackman, who went on CNBC to beg President Trump to shut down the U.S. economy for 30 days and put the country in a nationwide lockdown.
💰 Sign up for Dion Rabouin's weekday newsletter, Axios Markets.
Bringing it home ... Coronavirus has ravaged seven members of a single family in New Jersey, killing three, the N.Y. Times' Tracey Tully reports:
"[T]he virus’s devastating toll on a single family is considered as rare as it is perplexing," the Times reports.
In this photo, cars are dwarfed as a nearly full moon rises over Shawnee, Kan., on March 10.
Mars, Jupiter, Saturn and a crescent moon are clustered together in the southeastern sky this week just before daybreak.
Over the past week, American attitudes toward the coronavirus have become dramatically more serious, as the U.S. has seen an uptick in positive cases and precautionary measures, Axios' Sara Fischer writes from a new survey provided exclusively to Axios by The Harris Poll.
More than 80% of Americans say they've increased washing their hands since the virus outbreak and more than 70% say they now use hand sanitizer.
This double-decker bus is used as a cafe in Kyiv, Ukraine.
NBC's Savannah Guthrie wasn't feeling her best — sniffles she would have ignored in normal times. Following NBC's medical advice, she co-anchored "Today" from her New York basement, with Hoda Kotb on-set at Studio 1A.
Illustration: Sarah Grillo/Axios
Snapchat today launches a health and wellness initiative to address users' growing anxiety about the coronavirus, Axios' Sara Fischer reports.
Snapchat will launch its previously-teased "Here For You" tool within its search bar that surfaces content from experts when Snapchatters search for mental health, anxiety, depression, suicide, and related topics.