Mar 1, 2017

The European economy is back from the dead

German Chancellor Angela Merkel. Stefan Sauer/AP

A measure of European manufacturing released Wednesday showed that sector performing better than any time since 2011, and marks the sixth straight month of improvement. This is after fairly strong growth of late — the bloc even grew faster than the U.S. last year.

Why it matters: The European Union is the United States' 2nd largest export destination, so a healthier Europe is bullish for the U.S.

Analysis of the recent runup in stock prices on Wall Street has placed a lot of importance on proposals coming from Washington, but better data out of Europe and China deserves its own due credit.

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Maryland becomes latest state to issue coronavirus stay-at-home order

Gov. Larry Hogan. Photo: Jim Spellman/Getty Images

Maryland Gov. Larry Hogan announced Monday he is ordering residents to stay at home effective 8 p.m. due to the coronavirus, except for those engaged in essential services, including health care and government functions.

The big picture: Maryland is the latest state to announce policies to enforce social distancing, which have affected almost 250 million Americans. More than 1.5 billion people worldwide had been asked to stay home as of last week.

Go deeperArrowUpdated 22 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 741,030 — Total deaths: 35,305 — Total recoveries: 156,838.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 12 p.m. ET: 143,532 — Total deaths: 2,572 — Total recoveries: 4,865.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30 — Hospital ship the USNS Comfort arrives in Manhattan
  4. Public health updates: — White House COVID-19 response coordinator Dr. Deborah Birx said the 100,000 to 200,000 U.S. coronavirus death toll estimate is based on the presumption that citizens follow social-distancing guidelines "almost perfectly."
  5. Business latest: Macy's will furlough the majority of it's workers this week, as the chain's stores remain closed.
  6. 🎧 Podcast: Living with the coronavirus
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Podcast: Living with the coronavirus

Over 143,000 people in the U.S. have now tested positive for the coronavirus. Among them is Axios co-founder and president Roy Schwartz, who joins Dan to discuss his unusual symptoms, his hospital experience and the complications of quarantining with a family.