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Coronavirus spreading graph comparison between countries

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Fed sets fee structure for BlackRock's role in mortgage bond purchases

BlackRock Inc will earn less than $8 million a year in fees for its role assisting the Federal Reserve with its purchases of commercial mortgage-backed securities, one of the new programs the central bank is rolling out to backstop an economy under threat from the coronavirus outbreak, according to details of the arrangement released on Friday.

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Mayors say they can't get needed supplies

Mayors from 213 cities across the country report they do not have, and have no way of acquiring, adequate equipment and supplies to protect first responders amid the coronavirus outbreak, according to a survey released Friday.

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