NewsWatch: Dow industrials seen opening sharply higher a day after Fed’s surprise interest rate cut

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MARKETWATCH FRONT PAGE

U.S. stock index-futures were poised to open sharply higher Wednesday after results of the Democratic party’s primary vote to nominate a presidential candidate in November’s election boosted the chances of former Vice President Joe Biden. See full story.

Here’s how billionaire investor Howard Marks is telling clients to ride out coronavirus volatility

Our call of the day from billionaire investor and co-chairman of Oaktree Capital Management, Howard Marks. In reference to these market ups and downs, he says “no one can tell you this is the time to buy” stocks because “nobody knows.” See full story.

Man who predicted the 2008 financial crisis says coronavirus may mean his bets of stock-market carnage are finally beginning to crystallize

It’s times like these that get Peter Schiff’s blood running hot. The polarizing Wall Street prognosticator says that the Federal Reserve’s latest move, an emergency half-a-percentage-point interest rate cut on Tuesday to a 1-1.25% range for fed funds, may be the pin that ultimately pricks what he believes is a raging stock-market bubble. See full story.

What the Fed’s surprise interest rate cut means for mortgage rates

In recent weeks, mortgage rates have dropped to three-year lows in response to global concerns regarding the coronavirus outbreak. See full story.

WHO says coronavirus fatality rates are higher than previously thought — they also vary wildly depending on age, gender and country

Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, delivered new fatality rates for COVID-19 at a press conference Tuesday. See full story.

MARKETWATCH PERSONAL FINANCE

Some airlines waiving fees for all flights, while others are focusing on flights to regions heavily impacted by the outbreak. See full story.

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