Diamonds and Dogs
Anheuser Busch InBev (BUD) rose 11% to a one week high. Budweiser in Brazil will start making and delivering 5,000 sanitizer gel bottles to every public hospital in Sao Paulo, Rio de Janeiro and Brasilia, where most of the country's coronavirus cases are concentrated. A little good news in some tough times.
AT&T (T) tumbled 7.8% as the wireless carrier warned the outbreak might have a material impact on financial results as they canceled a $4 billion share repurchase agreement. Also, New York state ordered all non-essential workers to stay at home to contain the coronavirus outbreak that has fueled the worst monthly rout in U.S. equities in three decades.