Good afternoon: Today's PM — edited by Justin Green — is 500 words, a 2-minute read.
Situational awareness: Markets tanked today, led by cruise ship stocks. Go deeper.
Photo: A traveler wears a medical mask at Grand Central Station in NYC. Photo: David Dee Delgado/Getty Images
China may have at least temporarily beaten back the coronavirus, but the World Health Organization is sounding the alarm for everyone else.
Why it matters: There are 17x as many new infections outside China as in it right now, the AP reports.
In Europe and North America, a less severe strategy is unfolding:
Between the lines: March is spring break season for American colleges. Many an administrator is probably dreading the prospect of infected students returning to campus.
The big picture: The economic pain of the coronavirus response seems to be just beginning, with targeted pain for the airline, hospitality, media and events industries.
Photo: Steven Senne/AP
Sen. Elizabeth Warren in a press conference after suspending her presidential campaign:
Photo: Luis Sinco/Los Angeles Times via Getty Images
The kids are better than alright: A new study "shows that toddlers will offer up food they really want to a needy stranger," the WSJ reports.
Why it matters: “We think babies are selfish, egocentric and a slave to their biological needs," said professor Andrew Meltzoff. "But this study shows they’re not selfish. They’re social!”