WSJ Weekend - 02 29-03 01 2020

2020·22.72 MB·English

WSJ
Europe’s Face-Off
With China
REVIEW
What’s New in
Old Los Angeles
OFF DUTY
THE WALL STREET JOURNAL WEEKEND
******** SATURDAY/SUNDAY, FEB. 29 - MARCH 1, 2020 ~ VOL. CCLXXV NO. 49 WSJ.com HHHH $5.00
What’s
News
World-Wide
T
hespreadofcoronavirus
world-widehasintensi-
fiedeffortstopreparefora
U.S.outbreak,withhospitals
strainingtoincreasecapacity
tohandleaninfluxofconta-
giouspatients,andlocalgov-
ernmentsconsideringclosures
asaprecaution.A1,A7-A9
K
(cid:2)TheU.S.andtheTaliban STOC
wSaetruerdseatyttohasitgwnialldcehaalrtona UTTER
H
pathforallAmericantroops A/S
toleaveAfghanistan.A10 N/EP
U
(cid:2)Trumpsaidheintendsto KY
nominateRep.JohnRatcliffe ON-
ashisdirectorofnationalin- HE
N
telligence,revivingaselection JEO
thatfounderedlastyear.A3 PeopleseekingprotectionagainstcoronaviruslineduptopurchasemasksinSeoulonFriday.SouthKoreaisthehardest-hitcountryoutsideChina.
Virus Deepens Selloff, Tests System
(cid:2)AU.S.appealscourt
ruledtheTrumpadminis-
trationmusthaltitsre-
main-in-Mexicopolicyfor
migrantsseekingasylum.A3
(cid:2)Democraticpresidential
hopefulsmadetheirfinal Stockssufferworst S&P500performancethisweek Healthprovidersget communities.
pitchesaheadofSouth Alarge-scaleU.S.coronavi-
weeksince2008even 0% setforasupplypinch
Carolina’sprimary.A4,A5 rus outbreak would strain a
afterlate-Fridayrally; whileschools,local health-caresystemalreadyfac-
(cid:2)Afederalappealscourt
▼11.5%thisweek ingaglobaldisruptioninmedi-
ruleditwasn’tthejudiciary’s Fedprojectscalm officialsweighclosures
cal supplies, with an antici-
placetodecidewhetherMc-
pated shortage in rooms that
Gahnmusttestifyinacon- BYGUNJANBANERJI –5 BYMELANIEEVANS couldsafelyisolatepatients,in-
gressionalprobeofTrump.A4
fectious-diseaseexpertssaid.
(cid:2)AHousepanelsaiditwants
U.S.stocksextendedapun- The spread of coronavirus “Youcan’tjustinventmedi-
totalktooveradozenfederal
ishingselloff,draggedtotheir world-wide has intensified ef- cal equipment and more beds
prosecutors,includingthose
involvedintheStonecase.A4 worstweeksincethefinancial –10 fortstoprepareforaU.S.out- overnight,”saidMichaelOster-
crisisbymountinginvestorun- break,withhospitalsstraining holm,directoroftheUniversity
(cid:2)Swarmsoflocustshave easeabouttheeconomicfallout toincreasecapacitytohandle ofMinnesota’sCenterforInfec-
sweptacrossmorethan10 fromthecoronavirusepidemic. an influx of contagious pa- tiousDiseaseResearchandPol-
nationsontwocontinents Friday’ssessionwasmarked tients, and local governments icy.“Thiscouldescalateherein
andputmillionsofAfricans by wild swings that sent the –15 consideringclosuresasapre- amatterofweeks.”
atriskofstarvation.A10 DowJonesIndustrialAverage caution. Hesaidmedical-supplyman-
WeekendedOct.10,2008:▼18.2%
down more than 1000 points TheCentersforDiseaseCon- ufacturersshouldcutoffretail
Business&Finance before it rallied over 600 whichwastheworstweeklydeclinesince1933 trol and Prevention this past sales and narrow their cus-
points in the final minutes of weekwarnedofapossiblepan- tomerbasetohealth-carepro-
tradingtoclosedown1.4%.The –20 demic,adaybeforeconfirming viders. Hospitals began to re-
(cid:2)U.S.stocksextendeda NasdaqCompositefellasmuch Mon. Tues. Wed. Thurs. Fri. thataCaliforniapatientmaybe strict the use of protective
punishingselloff,dragged as3.5%beforebouncinghigher thefirstdiagnosedcaseofthe equipmentearlyintheyearas
totheirworstweeksince to narrowly close in positive Source:FactSet new coronavirus in the U.S. PleaseturntopageA7
thefinancialcrisisby territory—thefirsttimethein- with no clear idea of how the
mountinginvestorunease dex has fallen by that much During the afternoon, Fed intotheclose. patientwasexposed.OnFriday,
Anxiety Grows
aboutthefalloutfromthe andnotchedagainfortheday Chairman Jerome Powell sig- Still,theweeklylosseswere health officials in California
coronavirusepidemic.A1 sinceNovember2008,accord- naledthatthecentralbankwas broad.TheDowindustrialsfell and Oregon reported the na- (cid:2)Risktosupplyofmany
(cid:2)TheFed’sPowellsignaled ingtoDowJonesMarketData. prepared to cut interest rates 12.4%thisweek,adropofmore tion’ssecondandthirdcorona- medicinesemerges........A7
thatthecentralbankwas Someofthemostdramatic to protect the economy from than3500points,cappingtheir viruscaseswithnotravelhis- (cid:2)Europe’shealthsystems
preparedtocutratesto moveshappenedaftertheFed- thewideningglobalslowdown. worstmonthsince2009.All11 tory to China or known comeunderstrain...........A9
cushiontheeconomy.A8 eral Reserve’s unexpected at- Stocksinitiallyparedlossesaf- oftheS&P500’ssectorshave exposuretocarriers,addingto (cid:2)Exchange:A$3.6trillion
(cid:2)Planstomandatesimula- tempt to calm markets at the tertheannouncement,dropped fallen into negative territory concerns among officials that wake-upcall.........B1,B4-B5
verytailendofavolatileweek. again, then climbed rapidly PleaseturntopageA8 the virus is spreading in U.S.
tortrainingforpilotsbefore
the737MAXcanreturnto
Online
servicecouldbefurthercom- Trump vs. Bloomberg: the Back Story
plicatedbypaststrainsbe-
tweenBoeingandtheFAA.B1
Furniture
(cid:2)FCCenforcerstoldthe
country’stopcellphonecar-
rierstopaymorethan Retailer Thetwobillionaires,indulgedinyearsofpretense,nowtradeinsultsaheadofSuperTuesday
$200millioninpenalties
forallegedlymishandling
sensitivelocationdata.B1 Stumbles BYMICHAELHOWARDSAUL NewYorkCitytownhouse.“Youwalk termsasNewYork’smayor.
ANDKONRADPUTZIER intoBloomberg’shomeon79thStreet, “Mike’smoreintellectual,moreofa
(cid:2)Wayfairistryingtoshow
it’slikeLouisXIV’shome,”hesaid. refinedbillionaire,”saidDonPeebles,a
itcanmoderateitslossesas
Partyandpoliticsaren’tallthatdis- “Veryconservative.” real-estatedeveloper.“Donald’smoreof
revenuegrowthslowsand
tinguishthebillionaireNewYorkerin Mr.Trump,73yearsold,andMr. ablue-collarbillionaire.”
investorappetiteforunprof- BYSARAHNASSAUER theWhiteHousefromtheoneseekingto Bloomberg,78,livedabout20blocks Mr.Bloombergwasraisedinawork-
itablecompaniesdriesup.A1 ANDCHARITYL.SCOTT displacehim. apartonManhattan’sEastSideand ing-classfamilyoutsideofBostonand
(cid:2)China’sHuaweihasap- PresidentTrump’sFifthAvenueapart- milesapartinsensibility,saydozensof madehisfortunesellingdatatoWall
proachedhigh-profilefig- In nearly two decades, on- mentinManhattan’sTrumpTowerfeels peoplewhoknowthem.Mr.Trumpwas Streettraders.Onceestablished,hecir-
uresinWashingtontotryto line home-goods seller Way- “likeyou’rewalkingintoacasino.Very seenasacelebritywhosemarriagesand culatedeasilyinManhattan’sphilan-
turnaroundnegativeper- fairInc.grewquicklybyburn- lavish.Alotofgold,”saidJohnCatsima- divorcessplashedacrossnewsstandtab- PleaseturntopageA6
ceptionsofthecompany.B3 ingthroughprofits. tidis,anotherbillionaireNewYorker.He loids.Mr.Bloombergwasthedata-
Nowthee-commercecom- alsohasvisitedMichaelBloomberg’s drivenbusinessmanwhoservedthree (cid:2)DemocratsjoustintheSouth...........A4,A5
(cid:2)Harley-DavidsonCEO
panyistryingtoshowinves-
Levatichresigned,leaving
torsitcanmoderateitslosses
themotorcyclemakerafter asrevenuegrowthslowsand Leap-Year Babies Fight a Lonely, Turkey-Syria Tensions Heat Up
yearsofdecliningsales.B3
investorappetiteforunprofit-
Quadrennial Fight for Recognition
(cid:2)CotysaidthatCEOLau- ablecompaniesdriesup.
bieswillleavethecom- On Friday, Wayfair said it
panyandbesucceededby lost$330millioninthequar- i i i
JimmyChoochiefDenis.B3 ter ended Dec. 31, more than ThosebornonFeb.29knowtheyexist,
twiceasmuchasitlostayear
earlier. Quarterly sales rose butthecomputerattheDMVisskeptical
NOONAN 26% from a year before, but
TrumpIsn’tEasing operating expenses jumped
44%. The company’s annual BYJIMCARLTON tures. “Hey, it’s not our fault
Coronavirus
net loss nearly doubled to we were born on the 29th,
ForebodingsA15 $985million. WhatDeanWalsmithreally dangit.”
Wayfairisn’tlikefurniture wants for his birthday is to Leap-yearbabiesarefight-
chains such as West Elm or haveacomputernoticehim. ingback.They’retiredofbe-
CONTENTS Opinion..............A13-15
IKEA,whichstockstoresand Mr.Walsmith,whoturns52 ingtoldthedateontheirIDs
Books.....................C7-12 Sports........................A16
Food.........................D8-9 Style&FashionD2-3 warehouses with curated in- and who celebrates his 13th isfake.They’retiredofhaving
Gear&GadgetsD10 Travel......................D4-5 ventory. It sells sofas and ta- leap-year birthday on Satur- troubleattheDMV,gettingli-
HeardonStreet...B12 U.S.News............A2-6 bles much like Amazon.com day,launchedaChange.orgpe- brarycards,ormissingouton
Markets.....................B11 Weather...................A16
sells books and toys. It has tition two years ago to make birthday specials that ignore
Obituaries...............A12 WorldNews......A7-11
filleditswebsitewithmillions all computer systems accept theirday.
of listings and promises free February 29 as an option for Raenell Dawn founded a SS
> shippingonmuchofit. theendofFebruary,insteadof group now called the Honor PRE
D
Toattractthosewebshop- a common setup now of the Society of Leap Year Day Ba- ATE
pers, it spends heavily. It 28th. bies, for people born on Feb. OCI
keeps minimal inventory and “It’s just annoying,” said 29 to share the joys—and in- ASS
oftenshipsdirectlyfromsup- Mr. Walsmith, of Post Falls, dignities—leaperssuchasher- AnkarasaiditretaliatedagainstAssadregimeforcesaday
s2020DowJones&Company,Inc.
AllRightsReserved pliers. That has quickly cre- Idaho,whosepetitionhasgar- selfmustendure.Itsmember- afteratleast33TurkishtroopswerekilledinSyria.Mourners
PleaseturntopageA2 neredmorethan1,200signa- PleaseturntopageA10 attendedafuneralforoneofthesoldiersonFriday.A11
A2|Saturday/Sunday,February29-March1,2020 THEWALLSTREETJOURNAL.
******
U.S. NEWS
THE NUMBERS | ByJoCravenMcGinty
Research Ties Historic Black Names to Longer Life
Distinc- communitymembersmight ingquestionsaboutlifeout- Lifeexpectancies toAfrican-Americanmales. Bookerwasanoverwhelm-
tivelyblack havecontributedtothein- comes.” “Weexcludedidiosyncratic inglywhitename,”Dr.Cook
Allblackmales
namesareof- creasedlongevity. Overtime,thelistofdis- names,”Dr.Logansaid.“They said.“By1910itwasover-
tentiedto “Thatcouldbeonepoten- tinctivenameshaschanged— Blackmaleswithdistinctively maybecodedinrace,but whelminglyblack.Andby
blacknames
namingcon- tialexplanation,”saidTrevon fromElijahandMosesinthe they’renotcommon.” 1920,itwasalmostexclu-
ventionsthat LoganofOhioStateUniver- antebellumandpostbellum Theresearchers,whose sivelyblack.”
Alabama,1908-59
emergedduringtheCivil sity,whowithLisaCookof erastoHakimandDarnellin workwaspublishedbythe Morerecently,there-
36.01yearsold
Rightsera. MichiganStateUniversityand thepresent—butthehistoric peer-reviewedjournalExplo- searchershaveexamined
41.15
Butnewresearchshows JohnParmanoftheCollegeof patternsareclear,according rationsinEconomicHistory, 16,000transactionsfrom1856
thatAfrican-Americanmen William&Marycollaborated totheresearchers,andsome- Illinois,1916-47 found21namesinthecensus through1861thatrecorded
weregivendistinguishable ontheresearch.“Wedon’t timescontradictpreviousas- 39.40 datathatmettheircriteria. thesalesofslaves,aswellas
namesasfarbackastheCivil knowatthispoint.Noone sumptions. Toconfirmthepatterns, shippingmanifestswithinfor-
46.11
War—andunliketoday,when hasresearchedit.” “Manypeopleassumed theyusedAlabamadeathre- mationon6,559slaveswho
modernblacknameshave T theyknewhowAfrican-Amer- Missouri,1802-1910 cordsfrom1908through1959; arrivedinGeorgia,SouthCar-
beenlinkedtodiscrimination, hepositivefinding icanswerenamed,”Dr.Cook 22.63 Illinoisdeathrecordsfrom olinaandAlabamafrom1790
theirhistoricalcounterparts standsincontrastwith said.“Oneofthebigmyths 33.54 1916through1947;andNorth through1860.Theyfound
wereassociatedwithanota- studiesthathavecon- wasthattheynamedthem- Carolinadeathrecordsfrom thatthenamingpatterns
blebenefit:longerlives. nectedmodernblacknamesto selvesforpresidents.That NorthCarolina,1910-70 1910through1970.Theylater identifiedinpostbellumre-
Inthelate1800sandearly discrimination,includingby turnedouttobethecasefor 40.51 addeddeathrecordsforMis- cordsalsoheldtrueinthean-
1900s,African-Americanmen employerswhowereless allmen.” 44.26 sourifrom1802through1910. tebellumera.
withnamesresearchersiden- likelytocallbackapplicants Inapairofstudies,there- A Today,noneofthehistoric
tifiedasdistinctivelyblack withperceivedblacknames, searchersexploredthenam- Note:Yearrangescorrespondtoyearofdeath. ccordingtotheirfind- namesremainpopular,Dr.
livedaboutoneyearlonger teacherswhoexpectedlessof ingconventionsusing1910 Source:TrevonLogan,OhioStateUniversity ings,ablackmaleliv- Logansaid,buttheystillof-
onaveragethanotherAfri- childrenwithperceivedblack and1920censusdataand inginAlabamainthe feraglimpseintotheAfri-
can-Americanmen,andinin- namesandcollegeprofessors morethanfivemilliondeath uniquenamewasoneheldby late19thandearly20thcen- can-Americancultureofthe
dividualstates,thedifference whoweren’taslikelytodis- recordsfromAlabama,Illi- onlyoneindividualinagiven turieswas16timesmore time,including,perhaps,
wasasgreatas7.5years. cussgraduateschoolwithstu- nois,NorthCarolinaandMis- birthcohort.Exclusivenames likelythanawhitemaleto someearlydeclarationsof
Theeconomistswhorecog- dentswhohadsuchnames. souri.(Atthetime,those weregivenonlytomembers haveoneofthenameson autonomy.
nizedthepatternsdon’tknow “Asaneconomist,Ioften weretheonlystateswithdig- ofaparticularracialgroup. theirlist.Ablackmalein Fourofthe21distinctively
whatexplainsthecorrelation, askhowcanIanswersome itizeddeathrecordsthatwere Assignablenamesweredis- NorthCarolinawasabout blacknamestheresearchers
buttheyobservedthatthe fundamentaleconomicques- availablefortheperiodand proportionatelygiventothe fourtimesaslikelytohave identifiedinthepostbellum
nameswereoftenbiblicaland tion,”saidDr.Cook,whose includedbothnameand membersofonerace. oneofthenames,threetimes erawereFreeman,Prince,
hadbeenpasseddownfroma researchintoAfrican-Ameri- race.) Namestheresearchers aslikelyinMissouri,and KingandMaster.
fatherorotherrelative,sug- caninventorsledtotheproj- Withthecensusdata,the identifiedasdistinctively morethantwiceaslikelyin “Thenameshavechanged,”
gestingthatasupportivenet- ecttoidentifydistinctively researchersestablishedahier- blackwerebothfrequently Illinois. hesaid,“butthisisalong-
workoffamily,churchand blacknames.“We’reanswer- archyforgivennames.A anddisproportionatelygiven “Inthe1900census, standingpattern.”
U.S.WATCH
BUFFALO WISCONSIN
Catholic Diocese Appeals Court
Files for Bankruptcy Reverses Voter Purge
TheRomanCatholicDiocese AWisconsinappealscourton
ofBuffalofiledforbankruptcy Fridayoverturnedarulingthat
onFriday,followinganumberof orderedtheremovalofupto
sexual-abuselawsuitslodged 209,000peoplefromthestate’s
againstitsinceAugust. voterrolls,handingDemocratsa
Buffaloisthe22ndCatholicdi- victoryinacasetheysaidwas
ocesetoseekbankruptcyprotec- intendedtomakeitmorediffi-
tionssince2004,whenawaveof cultfortheirvoterstocastbal-
sexual-abuseallegationsagainst lotsinNovember.
thechurchbegan,andthesecond ThecourtinJanuaryputthe
inNewYorksinceanewstate ruling,andthepurge,onhold
lawlastyeartemporarilylifted whileitconsideredthecase.The
thecivilstatuteoflimitationson 4thDistrictCourtofAppealsrul-
childsexualabuse.Thelaw, ingoverturnedthedecisionof
knownastheChildVictimsAct, anOzaukeeCountyjudgewho
allowsthosewhosaytheywere initiallyhadruledinfavorofa
sexuallyabusedaschildrento conservativelawfirmthatwas
sue,nomatterwhenitoccurred. seekingthepurge.Theappeals
Inthebankruptcyfiling,the courtalsovacatedanorderfrom
dioceseestimateditstotalas- RESS thatsamejudgethatfoundthe
setsatbetween$10millionand DP stateElectionsCommissionin
$50millionanditsliabilitiesat ATE contemptfornotmovingfor-
between$50millionand$100 OCI wardwiththepurge.
million.Ithasatleast200credi- ASS Theappealscourtsentthe
S/
tors,accordingtothefiling. NE casebacktothelowercourtand
TheformerbishopofBuffalo AR orderedthatitbedismissed.
B
resignedlastyearfollowingac- T. Thecasehasreceivedalot
Y
cusationshecoveredupclergy RE ofattentionbecauseWisconsin
sexabuse. JEFF isamongagroupofswing
—IanLovett BishopEdwardScharfenbergerspokeFridayabouttheRomanCatholicDioceseofBuffalofilingforbankruptcyprotection. statesbeingtargetedbyDemo-
cratsandPresidentTrumpthis
NEWYORK Atacourthearing,alawyer ingexactlywhichtypesofbags blePlasticBagAlliance,which sincethebeginningofouroutreach year.
representingthestate’sDepart- werebannedwereinconsistent representsmanufacturers,said campaignthatwewillfocusoned- AspokesmanfortheWiscon-
Lawsuit Postpones
mentofEnvironmentalConser- withthelawadoptedlastyear. theDEC’sannouncementis“a ucationratherthanenforcement sinInstituteforLawandLiberty,
Plastic-Bag Ban vationagreednottolevyany NewYorkStateSupreme bigwinforNewYorkretailers andtodaydoesnotchangethat.” whichbroughtthecaseonbe-
finesrelatedtotheban,accord- CourtJusticeL.MichaelMackey andshoppers,hittingthepause Thebanappliestoallretailers halfofthreevoters,hadno
NewYorkstateagreedtodelay ingtoacourtorder. declinedtoissueatemporaryre- buttononthependingbagban whoarerequiredtocollectsales comment.TheElectionsCom-
enforcementofabanonplastic Aplastic-bagmanufacturer strainingagainstthelawasthe thathascausedunnecessary tax,thoughexceptionsexist,includ- missionandstateDepartment
bagssettotakeeffectSundayun- andanassociationofNewYork suitmovesforward. confusionandstressstatewide.” ingforpreparedfoodfromrestau- ofJustice,whichrepresentedit,
tilApril1,afteralawsuitwasfiled Citybodegaownerssuedthe MattSeaholm,executivedi- Adepartmentspokeswoman rantsandfood-deliverycompanies. alsohadnocomment.
Fridaychallengingthenewlaw. DEC,sayingregulationsconcern- rectoroftheAmericanRecycla- said:“Wehaveconsistentlysaid —JimmyVielkind —AssociatedPress
Expenses
After years of pushing vantage of cheap capital to quiredin2016,asitworksto Some analysts remain un- celerating, Mr. Gutman said.
growth,topexecutivesbegan “losemoneyandbuildacom- make its U.S. e-commerce convinced that Wayfair can “Wayfair needs to do more,
Deal Blow to prioritize profitability in petitivemoataroundthebusi- businessmoreprofitable. weanitselffromspending. withless,”hesaid.
presentationstomanagerslate nessthatwillhelpsupportthe Wayfair spent $311 million “Revenue growth seems Despitethedesireofsome
lastyear,accordingtoformer businesslongterm,”Mr.Nagel on advertising in the fourth more intertwined with ad investorstoseeWayfairfocus
To Wayfair employees. In one December said. quarter, amounting to about spend,promotionsandongo- onprofits,thecompany’slead-
meeting, Mr. Shah showed Butitisdifficultfortradi- $28perorder.Evenexcluding inginvestmentsthanthemar- ershipcan’taffordtobecome
howhiringwasgrowingfaster tional and online furniture all its advertising costs, the ketappreciates,”MorganStan- complacentaboutcompetition,
than revenue, said one of chains to generate profits companybarelybrokeevenin ley analyst Simeon Gutman given that both Amazon and
thesepeople. amidstiffpricingcompetition the holiday period, analysts saidinanoteearlierthispast Walmartarepoisedtobecome
ContinuedfromPageOne InpastgroupmeetingsMr. andthehighcostsofshipping said. week, downgrading the com- more aggressive in the home
ated a company with more Shah primarily spoke about bulkyfurniture. Executives said growth panytotheequivalentofasell category,saidColinSebastian,
than$9billioninannualsales “compounding growth,” said Home-goods chain Pier 1 would slow in the current rating. ananalystatRobertW.Baird
butalsowithlosseseveryyear this person. A spokeswoman Imports Inc., which was slow quarter as they pull back on “Themarketislesstolerant &Co.
sinceitwentpublicin2014. declined to comment on the toembraceonlinesales,filed advertising. They predicted of unprofitable online retail- “There’s just a window of
Itwasaformulathatinves- meetings. for bankruptcy protection in revenuerisingbetween15%to ers,”headded. opportunity for them,” he
torsmostlyembraceduntilre- “Sincewefoundedthecom- February.InJanuary,Walmart 17% year over year, which Friday’s results, with said. “So why would they try
cently.TheBostoncompany’s panyin2002wehavealways Inc.laidoffmostofthehead- would make it the slowest weaker-than-expectedrevenue toharvestprofitswhenthere’s
stocktumbledinOctoberafter hadperiodswhereweinvested quartersstaffatHayneedle,an quarterlyratesincethecom- and guidance, show the com- a lot more at stake over the
it reported a steep quarterly very heavily in the business online furniture seller it ac- panywentpublic. pany’sfinancialpositionisde- verylongterm?”
loss,andtheshareshavelost and periods where we have
morethan50%oftheirvalue worked to drive greater effi- CORRECTIONS (cid:2)AMPLIFICATIONS
overthepast12months.The ciency,”Mr.Shahwroteinhis THEWALLSTREETJOURNAL
stockfellafurther10%Friday memoinFebruary.“Onreflec- (USPS664-880)(EasternEditionISSN0099-9660)
to$63.21 amidabroadermar- tion,thislastperiodofinvest- (CentralEditionISSN1092-0935)(WesternEditionISSN0193-2241)
ketselloff. mentwentontoolong.” Theearliestdateatwhich andthatredwasfor2019.
Editorialandpublicationheadquarters:1211AvenueoftheAmericas,NewYork,
“Ultimately,everycompany Both startups and public pandemic catastrophe bonds N.Y.10036
needstobeself-financing,”co- companies have found inves- couldbetriggeredasaresult U.S. stock markets were
PublisheddailyexceptSundaysandgenerallegalholidays.
founder and Chief Executive torscoolingoncompaniesthat ofthecoronavirusoutbreakis closedonMonday,Feb.17,in PeriodicalspostagepaidatNewYork,N.Y.,andothermailingoffices.
Niraj Shah wrote in an email don’tgenerateprofitssinceof- inMarch.ABanking&Finance observance of the Washing-
Postmaster:SendaddresschangestoTheWallStreetJournal,
tostaffinFebruary,explaining fice-rentalgiantWeWork’sIPO article on Feb. 20 about the ton’sBirthday/PresidentsDay 200BurnettRd.,Chicopee,MA01020.
his decision to cut about 550 plansunraveledlastyear.Mat- bonds incorrectly said they holiday.InsomeeditionsFri-
AllAdvertisingpublishedinTheWallStreetJournalissubjecttotheapplicable
jobsafterhiringthousandsof tress seller Casper Sleep Inc. couldbetriggeredinFebruary. day,aPageOnechartshowing
ratecard,copiesofwhichareavailablefromtheAdvertisingServicesDepartment,
peopleinrecentyears. recentlyhadtoslashitsvalua- majorstockindexes’cumula- DowJones&Co.Inc.,1211AvenueoftheAmericas,NewYork,N.Y.10036.The
OnFriday,Mr.Shahprom- tiontogopublicanditsshares A chart accompanying a tivepercentagechangesfrom Journalreservestherightnottoacceptanadvertiser’sorder.Onlypublicationof
isedtomoderatecostsacross arenowtradingbelowtheIPO PageOnearticleonThursday recordclosesincorrectlyused anadvertisementshallconstitutefinalacceptanceoftheadvertiser’sorder.
thecompanyin2020,specifi- price. aboutChina’scoronavirusepi- thatdateasadatapoint. LetterstotheEditor:Fax:[phone];email:[email protected]
cally calling out advertising Wayfair’s strategy to gain demic tracked that country’s
Needassistancewithyoursubscription?
spending.“Wewanttore-em- dominance in the online fur- 2019 cinema box-office daily Rob Walton is a former Byweb:customercenter.wsj.com
phasize across Wayfair that nishingscategoryhasbeento salesandcoalconsumptionat chairmanofWalmart.AMan- Byemail:[email protected]
scarcity is an asset, and this deliverlarge,bulkyitemsbet- power plants in olive green, sion article on Friday about Byphone:1-800-JOURNAL(1-800-568-7625)
appliestomarketingaswell,” ter than its competitors while data for 2020 was ren- Hawaii’s Kona-Kohala coast Reprints&licensing:
hesaidonWayfair’searnings through supply-chain invest- dered in red. The chart’s leg- misidentifiedMr.Waltonasa Byemail:[email protected];Byphone:1-800-843-0008
call. Executives said it would ments, said Brian Nagel, an endincorrectlyindicatedthat former chief executive of the WSJbackissuesandframedpages:wsjshop.com
take until 2021 for the com- analystatOppenheimer&Co. olive green represented 2018 company.
Ournewspapersare100%sourcedfromsustainablycertifiedmills.
pany’sU.S.businesstogener- The retailer is following a
ateconsistentoperatingearn- similar playbook to Ama- ReaderscanalertTheWallStreetJournaltoanyerrorsinnewsarticlesby GOTATIPFORUS?SUBMITITATWSJ.COM/TIPS
ings. zon.comInc.andhastakenad- [email protected].
THEWALLSTREETJOURNAL. ******** Saturday/Sunday,February29-March1,2020|A3
U.S. NEWS
‘Remain
In Mexico’
Is Ruled
Unlawful
BYBRENTKENDALL
ANDMICHELLEHACKMAN
A federal appeals court
ruled the Trump administra-
tion must halt a policy of re-
turning migrants along the
southernU.S.bordertoMexico
while their requests for asy-
lumintheU.S.areconsidered.
TheNinthU.S.CircuitCourt
ofAppeals,basedinSanFran-
cisco,onFridayruledthepolicy
was inconsistent with federal
immigrationlawandU.S.inter-
nationaltreatyobligationsnot
to return aliens to countries (2)
where their life or freedom SS
RE
would be threatened due to P
D
theirrace,religion,nationality, ATE
orpoliticalorsocialaffiliations. OCI
Thecourt,inits2-to-1rul- ASS
itnog,thseaidenittsiredescoisuiothneranppUli.eSd. NCELLI/
O
border,citingtheneedforuni- DR
form immigration rules. Be- PE
H
causethepolicy“isinvalidin RIC
its entirety…it should be en- AsparsesnowpackcapsthemountainsloomingoverLakeTahoe,Calif.Below:SeandeGuzman,fromtheCaliforniaDepartmentofWaterResources,plungedasnow
joined in its entirety,” Judge surveytubeintothesnowpackduringthethirdsnowsurveyoftheseasonatPhillipsStationnearEchoSummit,Calif.,onThursday.
WilliamFletcher,aClintonap-
Drought Fears Rise in California
pointee,wroteforthecourt.
Therulingisaconsiderable
setbackfortheTrumpadmin-
istration,whichsaidthe“Re-
main in Mexico” policy was
one of its most effective in Snowpack,onwhich DegreetowhichCalifornia's
slowing the wave of asylum averageFebruarysnowdepth
seekersarrivingatthesouth- statereliesforwater,is hasvariedfrom50-year
ernborderfromCentralAmer- halfitsnormallevel;no rollingaverageforthemonth
icaandelsewhere.
Illegal border crossings rain,snowinFebruary 200%
have fallen more than 75%
150
since their peak in May,
aroundthetimewhenthead- BYJIMCARLTON
ministration vastly expanded 100
“RemaininMexico.” California’smountainsnow-
Theadministrationsignaled pack is about half its normal 50
in court papers late Friday level, raising fears that the
that it will seek Supreme statecouldreturntodrought 0
Courtreview. afterastringofmostlyabun- Feb.2010 Feb.’15 Feb.2020
TheWhiteHousedescribed dantwetyears.
Source:CaliforniaDepartmentofWater
thedecisionas“anotherreck- OnThursday,officialsofthe Resources
less nationwide injunction state’s Department of Water
threateningourconstitutional Resourcesconductedasurvey Atonepointduringthelast
structure.” at a measuring station near drought, the snowpack had
Press secretary Stephanie Lake Tahoe that recorded 29 shrunktoaslittleas10%ofits
Grishamsaidthepolicywasa inchesofsnow,or47%ofav- normalsize.
erageforthistimeofyear. Another positive is that
Thereducedsnowpackfol- California’sothermajorsource
Inthepastyear, lows a roughly six-week of water—from the Colorado
stretch that has been one of River—is enjoying a banner
morethan60,000
thedriestperiodsonrecordin snowseason.
asylumseekerswere California. “Things could be a lot
With no rain in sight until worse,”Mr.deGuzmansaid.
sentbacktoMexico.
at least Sunday, downtown But hopes for the sort of
SanFranciscowasontrackto “MiracleMarch”thathavesal-
record no measurable rain in vaged previous dry seasons
February for the first time withprodigiousprecipitation
success and the court’s deci- since 1864, and only the sec- declaredanendtoafive-year California since mid-January, named climate change as a are fast evaporating, amid
sion aggravates the threat of ondtimeinitshistory. drought that hurt the farm diverting Pacific storms to possiblecontributingfactor. long-term forecasts for con-
coronavirus.“Iftoday’sruling Similarly,stateofficialssay economy,promptedmandatory Northwestern cities like Seat- “We’re seeing a lot of tinueddryconditionsandfur-
isallowedtostand,thesesuc- thenorthernpartoftheSierra rationing and turned forests tle,whichhashadanunusually things now that we haven’t thersnowlossgiventhelikeli-
cesseswillbereversed,which Nevada mountains were on intopowderkegsforwildfires. wetwinter. seen before,” said Sean de hood of an ever-warming
threatenstofloodtheNation’s tracktoexperiencenoprecipi- While California has seen “California usually has Guzman,chiefofsnowsurveys climate.
immigration system, present tationinFebruaryforthefirst morerainandsnowinrecent above-normalorbelow-normal and water supply forecasting Thestate’sfarmsarelikely
unchecked coronavirus entry time since records started years, the drought left much winters,sowedogothrough for the Department of Water tofeelthepinchthisyear.The
risk...andreignitethehumani- there100yearsago. of the state so parched that periods of dry weather like Resources. U.S. Bureau of Reclamation
tarianandsecuritycrisisatthe Atthesametimelastyear, the rise in precipitation has this,” said Anna Schneider, a The good news for Califor- earlier this week said that,
border,”shesaid. bycontrast,theSierramoun- donelittletooffsetpersistent NationalWeatherServiceme- niansisthatreservoirsremain basedonthedryconditions,it
The decision marked a tains were buried under a firerisks. teorologistinMonterey,Calif. mostly full around the state, was reducing allocations of
shift for the appeals court, snowpack that stood at 144% Weather forecasters attri- Yetstatewaterofficialssay whilethesnowpack—asmeager federallycontrolledirrigation
which had issued a prelimi- ofnormal—andnearlydouble butedthedryspelltoastrong theyhaveneverseenweather asitis—hasretainedmostofits water to an initial level of as
nary ruling last May that al- the average amount in 2017 ridgeofhighpressurethathas conditionschangeasdramati- watercontentwithoutmelting little as 15% of normal for
lowed the administration to when then-Gov. Jerry Brown been parked off the coast of cally in recent years, and offearly,Mr.deGuzmansaid. somefarmdistricts.
implementthepolicyuntilthe
court reached its final deci-
sion. Joining Judge Fletcher Trump Again Taps Ratcliffe for DNI Menthol
wasJudgeRichardPaez,also
a Clinton appointee. In dis-
sent, Judge Ferdinand Fer- Tobacco
nandez, a George H.W. Bush BYANDREWRESTUCCIA liffe’sbackgroundandqualifi-
appointee, said the court ANDWARRENP.STROBEL cations.It’shardformetosee
shouldhavebeenboundbyits how anything new has hap- Products
earlierdecision. WASHINGTON—President penedtochangethat.”
The “Remain in Mexico” Trumpsaidheintendstonom- Mr.Trumphasclashedwith
policy,formallycalledtheMi- inateRep.JohnRatcliffeashis his previous intelligence Targeted
grant Protection Protocols, director of national intelli- chiefs.Mr.Coats,forexample,
made its debut in January gence,revivingaselectionthat butted heads with the presi-
2019astheTrumpadministra- founderedlastyearovercon- dent about how to address BYLINDSAYWISE
tionsoughtalternativestore- cernsabouthisqualifications RESS Russia’s interference in U.S. ANDJENNIFERMALONEY
leasingfamiliesseekingasylum and fears he would politicize AP politics.Mr.Trumpalsolashed
M
intotheU.S.,wheretheywere thenation’sspyapparatus. U outafterlearningthatoneof WASHINGTON—TheHouse
Z
permitted to live for months, OnTwitterFriday,thepres- N/ Mr. Maguire’s subordinates passed a bill that would ex-
andoftenyears,astheircases identpraisedtheTexasRepub- STEI hadbriefedtheHouseIntelli- pand current restrictions on
H
madetheirwaythroughback- lican as “an outstanding man OC gence Committee about Rus- flavored tobacco products to
R
loggedimmigrationcourts. ofgreattalent!” B sia’s apparent preference for includeabanonmenthol-fla-
Inthepastyear,thegovern- If confirmed, Mr. Ratcliffe AEL Mr.Trumpinthe2020presi- vored cigarettes and e-ciga-
H
ment has sent more than wouldreplaceDanCoats,who MIC dentialcontest. rettes,despitesomeobjections
60,000 migrants seeking asy- served in the role overseeing TexasRep.JohnRatcliffe’sconfirmationislikelytofacehurdles Mr. Ratcliffe has publicly within the Democratic Party
lum back across the border, andcoordinatingthenation’s intheSenate,whereRepublicanshaveanarrow53-47majority. criticizedintelligenceandlaw- andconcernsfromcivil-liber-
where they were required to intelligenceagenciesuntilAu- enforcementagenciesfortheir tiesgroupsthatthelegislation
waitinviolentMexicanborder gust2019.Mr.Trumprecently ing Senate Intelligence Com- cused of inflating his role in handlingoftheRussiainvesti- couldleadtoover-policingof
citiesformonthsforU.S.court announced that Joseph Ma- mitteeChairmanRichardBurr prosecutingterrorismcasesin gation.Healsowasamember blackcommunities.
dates. Many migrants who guire, a retired Navy vice ad- ofNorthCarolina,wereunen- hispastroleasaU.S.attorney. of the defense team for Mr. Thelegislation,whichaims
havebeenreturned—estimated miralwhoservedasactingdi- thusiastic then about the “As I’ve said before, how- Trump’sSenateimpeachment to curb a surge in underage
atabouthalf,accordingtore- rectorofnationalintelligence, choiceofMr.Ratcliffeforthe ever,thereisnosubstitutefor trial. vaping, passed 213 to 195,
cent data—simply drop their would step down. He named intelligence czar post, people having a permanent, Senate- One U.S. official said Mr. largelyalongpartylines,with
claimsbeforetheyaredecided. Richard Grenell, the U.S. am- familiarwiththemattersaid. confirmedDirectorofNational Trump will get a loyal sup- onlyfiveRepublicansbacking
The arrival of throngs of bassador to Germany, as his Asenioradministrationof- Intelligence in place to lead porterasintelligencedirector, the measure. The bill would
Central American and other replacement in an acting ca- ficialsaidtheWhiteHousebe- our[intelligencecommunity],” whetherornotMr.Ratcliffeis prohibit all flavored tobacco
Spanish-speakingmigrantshas pacity. lievesSenateRepublicansare Mr. Burr said Friday. “I look confirmed. productswithinoneyear,and
createdhumanitariancrisesin Mr.Ratcliffe’sconfirmation more open to Mr. Ratcliffe’s forwardtoreceivingCongress- Thenominationrestartsthe remove all e-cigarettes from
several of the cities where islikelytofacehurdlesinthe nominationthistimearound. man Ratcliffe’s official nomi- clock on Mr. Grenell’s acting themarketwithin30daysex-
theyhavebeenwaiting. Senate, where Republicans Unlike his predecessors in nationandusheringitthrough status,whichhadbeendueto ceptthoseformulatedtotaste
Fearing a court could halt haveanarrow53-47majority. thepost,Mr.Ratcliffe,54years theSenate’sregularorder.” expire March 11. If Mr. Ratc- liketobacco.
the “Remain in Mexico” pro- Whenhewasunderconsid- old,doesn’tpossesssignificant Sen. Mark Warner, the top liffe’s nomination stalls, Mr. TheHousebillfacesanup-
gram,theadministrationcre- eration for the job last year, experience in either intelli- DemocratontheSenateIntel- GrenellwouldremainactingDi- hillbattleintheGOP-controlled
atedseveralotheravenuesto Democrats in Congress ques- gence or foreign affairs. He ligenceCommittee,said:“The rectorofNationalIntelligence. Senate,whereDemocraticSen.
deportasylumseekersquickly. tioned his credentials and was first elected to Congress lasttimethisnominationwas “However this goes, the SherrodBrownofOhiohasin-
SomehavebeensenttoGuate- warned that he would politi- in 2014 and joined the House unsuccessfullyputforward,se- president gets his guy in the troduced similar legislation.
malaundera“safethirdcoun- cize nonpartisan intelligence IntelligenceCommitteeinJan- rious bipartisan questions role,”whichisasitshouldbe, TheWhiteHouseissuedaveto
try”pact. agencies.Republicans,includ- uary2019.Healsohasbeenac- were raised about Rep. Ratc- theofficialsaid. threatonThursday.
A4|Saturday/Sunday,February29-March1,2020 THEWALLSTREETJOURNAL.
P W L C 10 11 12 H T G K R F A M 1 2 3 4 5 6 7 8 9 O I X X ********
POLITICS
cumbentsrunningforre-election assault,equivalenttotheamount searchdirectorforHarvardBelfer forthestatewithralliesthere AMERICANCATHOLICSdisap-
thiscycle—Michigan’sGaryPe- ofCohen’sdonations. Center’sSecurityandGlobal FridayandSaturday.Buttigieg proveofTrumpatsimilarrates
ters,Alabama’sDougJones,Min- WeinsteinCo.’sboardhiredCo- HealthProject.“Butyoucan’tPR putstaffersonthegroundin asthegeneralpopulation,and
nesota’sTinaSmithandVirginia’s hentolookatthefileafterWein- yourwayoutofacrisis.” Massachusettslastweek,and mostwouldfavoraDemocratic
MarkWarner.Hehasdonatedto stein’sexpensesandwomen’sal- RepublicanSen.TomCotton BloombergopenedaBoston challengeroverthepresidentin
multipleDemocraticpresidential legationsofmisconductcameto andHomelandSecurity’sKen suburbanfieldofficeinMedford, theelection,accordingtoanew
campaigns,includingJoeBiden’s theirattention.Cohen’sreviewof Cuccinellihavesuggestedthat hishometown,withactorMi- pollfromRealClearOpinionRe-
andPeteButtigieg’s. Weinsteinprecededtheboard’s theviruscouldhavebeendevel- chaelDouglas.Sen.AmyKlobu- searchandEWTNNews,aCath-
ButButtigiegreturnedCo- decisiontorenewWeinstein’s opedasabiologicalweaponina charhasmadedigitaladinvest- olicbroadcastnetwork.Among
hen’sdonationsfollowinga contractlaterthatyear.Wein- laboratoryinWuhan,China,the mentsandaimstopickoff devoutCatholics,whoacceptall
WASHINGTON
flurryofpressaboutCohen’s steinwasconvictedonsex- epidemic’sepicenter.Scientists delegatesinspecificcongressio- ormostoftheChurch’steach-
WallStreetdealings,whichin- crimeschargesthisweekinNew pushedbackinthemedicaljour- naldistricts.Bidenstillhas ings,Trump’sapprovalratings
WIRE
cludedadvisingfirmsatthecen- York.Cohendeclinedtocomment. nalLancet.“Westandtogether hopesofwinningthestateorat arethehighest:63%,with59%
terofthe2008financialcrisis Warner’scampaigndeclinedto tostronglycondemnconspiracy leastamassingdelegates.Hehas planningtovoteforhim.Thede-
suchasLehmanBrothersand comment.TheSmithandBiden theoriessuggestingthat wonthesupportofnumerous voutCatholicssurveyedwere
Dispatchesfromthe AmericanInternationalGroup campaignsdidn’trespondtore- COVID-19doesnothaveanatural statepartyandunionleaders. 41%Hispanic,whichsuggests
Nation’sCapital Inc.(Somecandidates,suchas questsforcomment. origin,”theywroteofthevirus. highersupportforTrumpthan
Sens.BernieSandersandEliza- ANTI-PIPELINEACTIVISTSaim theHispanicpopulationatlarge,
bethWarren,havebeenexplicit TRUSTINAMERICANINSTITU- MASSACHUSETTSseesadog- topushfightagainstAtlantic whichgaveTrumparound28%
BYGABRIELT.RUBIN aboutnotacceptinganyfinan- TIONSfacesyetanothertest fightaheadofitsSuperTuesday CoastPipelineintopubliccon- oftheirvotesin2016,according
cial-industrydonations.) withthecoronavirusepidemic. primary.Warren’sadvisersbe- sciousness,likepreviousbattles toexitpolls.
DEMOCRATS’WARINESSOF Thecampaignswerecon- Somepublic-healthexpertsare lievetheycanwinherhome againstKeystoneandDakota
WALLSTREETMONEYhas tactedbytheJournalandin- alarmedattherhetoricof state,thoughsomehavesaid Accesspipelines.TheSupreme MINORMEMOS:Departmentof
complicatedthepoliticalgiving formedofCohen’sWallStreet electedandTrumpadministra- theyexpectacompetitiverace. Courtheardoralarguments HomelandSecuritymakesgram-
ofoneoftheStreet’smost history,aswellashis2015re- tionofficialsrelatingtotheout- ArecentpollshowsWarrenand Mondayonwhethertoreinstate marerrorinruleaboutlegalim-
prominentM&Alawyers. viewofHollywoodproducerHar- break.Somehavepresenteda Sandersalmosttiedinthestate, aconstructionpermitforthe migrants’Englishproficiency.…Sen.
H.RodginCohen,chairmanof veyWeinstein’spersonnelfilefor rosyoutlookforthevirus,with withButtigieg,BidenandMi- pipeline,whichwouldbebuilt ChuckSchumerconfirmshe
lawfirmSullivan&Cromwell,is hiscompany’sboard,inwhichCo- WhiteHouseadviserLarryKud- chaelBloombergnotfarbehind. throughtwonationalforests spent$8,600ofcampaignfunds
aprolificDemocraticdonor,giving henfound“nounresolvedclaims lowonTuesdaysayingthevirus Warrenreceivedaboostfrom andtheAppalachianTrail. onNewYorkrestaurantJunior’s
tostatepartiesandHouse,Sen- thatcouldresultinliability.”After iscontained,contradictingCen- theBostonGlobeonWednes- Twelveactivistswerearrested cheesecakeinpastde-
ateandpresidentialcampaigns. beingaskedforcomment,the tersforDiseaseControlofficials. day,whichendorsedherafter outsidethecourtasamajority cade.…SingerGarthBrooks’fans
Hehasdonatedbetween$2,500 PetersandJonescampaignssaid “Theimpulsetomitigateeco- sayinginDecember2018that ofthejusticessignaledtheyare mistakehisDetroitLionsBarry
and$5,600tosixDemocratic theywereeachdonating$5,000 nomicharmisnotabadone,” sheshouldn’trun. likelytoallowthepermission Sandersjerseyforsignalofsup-
Senatechallengersandfourin- tononprofitsfocusedonsexual saidMargaretBourdeaux,re- Sandersmakesanovertplay processtogoforward. portforBernieSanders.
Sanders Sparks Down-Ballot Fears in South
BYVALERIEBAUERLEIN 2016byroughly10,000votes—
out of more than five million
MYRTLEBEACH,S.C.—Some cast.
Democrats in Southern states Democrats won enough
areanxiousaboutBernieSand- seats in 2018 to break a GOP
ers winning the Democratic supermajority in the North
presidentialnomination,saying Carolina House, and they
it could jeopardize a closely pickedupseatsintheSenate,
won governor’s seat, reverse making it easier to advocate
recent gains in state legisla- forincreasedteacherpayand
turesandturnwhatmightbe other Democratic priorities,
competitive congressional Mr. Blue said. Maintaining or
racesintoGOPlandslides. addingtotheirranksiscritical
South Carolina House Mi- in2020becauseofthecoming
norityLeaderToddRutherford roundofredistrictingandthe
said Mr. Sanders, who has possibilityofapprovingMedic-
surged to the top of the na- aidexpansion,hesaid.
tionalpollsintheDemocratic “Whowenominatematters
presidential primary, would for our country, but it also
bomb with South Carolina matters for our state races,”
Democrats, including the so- Mr.Bluesaid.“BeatingTrump
cially and fiscally moderate ALisonething,butafterthat,we
constituents in his predomi- RNhave a lot of problems to
U
nantly African-American dis- Osolve.”
J
trictthatincludesColumbia. REET Earlier this week, Florida
Mr. Rutherford endorsed STDemocrats fretted over Mr.
candidateMichaelBloomberg, ALLSanders’s potential alienation
even though the former New Wof constituencies like Cuban-
Yorkmayorisn’tontheballot THEAmericansandJewishvoters,
R
inSaturday’sprimary.Hesaid FOwithhischaracterizationofthe
he wanted to send up a flare UElate Fidel Castro’s education
thatDemocratsneedresources J.BLpoliciesinCubaandhisstated
and momentum to derail a ORrefusal to attend the annual
Sanders nomination and beat VICTconferenceoftheAmerican-Is-
PresidentTrump. Sen.BernieSanderssayshiscriticsareignoringpollsthatshowheisthecandidatewhocanbeatPresidentTrump. raelPublicAffairsCommittee.
“Howdoweexplaintoour The Florida Democratic Party
peoplewhatdemocraticsocial- wouldbeatMr.Trump. lina, said Mr. Sanders would dancysentsomeleadingDem- andlostin2012. issuedastatementnotingthat
ism is when we don’t even “Weareputtingtogetherthe bringvoterstothepolls,which ocratsfromsupportingformer A loss at the top of the party members “need to un-
know?” Mr. Rutherford said, strongestgrassrootsmovement hesaidwillhelpotherDemo- VicePresidentJoeBidentoral- ticketcouldjeopardizeDemo- derstand our immigrant com-
referringtoMr.Sanders’sself- we’veseeninalongtime,”he cratsontheballot.Tosayoth- lyingbehindMr.Bloomberg. cratic Gov. Roy Cooper’s re- munities’sharedstories.”
described ideology. “It would said,tocheers.“Wearebeating erwiseisascaretactic,hesaid. AtarecentBloombergrally election chances as well as In South Carolina, Demo-
beabloodbath.” Trump because our agenda is “If you can’t beat him in Raleigh, Senate Minority Democrats’prospectsofgain- cratic leader Mr. Rutherford
At a Wednesday rally of theagendaoftheworkingfami- straight up, you play Jenga LeaderDanBluesaidafar-left ingseatsintheGOP-ledlegis- said a Sanders nomination
2,800peopleinthisfast-grow- liesofthiscountry.” withhim,andtrytoundermine candidate like Mr. Sanders lature, said Mr. Blue, who in would wipe out the hope of
ingretireemecca,Mr.Sanders StateRep.JustinBamberg,a him,” he said. “It’s not gonna wouldlosebiginastatenearly hispreviousrolewasthefirst pickingupseatsinfast-grow-
said his critics were ignoring longtime Sanders backer who work.” evenly split between Republi- African-American speaker of ingplaces,includingsuburbsof
nearly 50 national polls that represents a rural district in AcrosstheborderinNorth cans and Democrats, where the state House. Mr. Cooper Charlottethatarejustsouthof
showheisthe candidatewho thecentralpartofSouthCaro- Carolina,Mr.Sanders’sascen- PresidentObamawonin2008 won the governor’s chair in thestateline.
Court Won’t Force McGahn to Testify Lawmakers Seek to
Question Prosecutors
BYBRENTKENDALL
WASHINGTON—A divided
federal appeals court took a BYSADIEGURMAN abouttheindependenceofthe
hands-off approach to a sub- ANDSIOBHANHUGHES JusticeDepartment.
poena battle between Con- IntheStonecaseandother
gress and the White House, The House Judiciary Com- matters, Mr. Barr has denied
rulingitwasn’tthejudiciary’s mittee said Friday it wants to he is acting in a way that fa-
place to decide whether for- talktomorethanadozenfed- vors Mr. Trump. His allies
merWhiteHousecounselDon RESS eralprosecutors,includingthose have said he believes he is
McGahnmusttestifyinacon- DP involvedinthesentencingofin- makingtherightcallswithout
gressional investigation of ATE formal Trump adviser Roger concernforpolitics.
PresidentTrump. OCI Stone,aspartofabroaderex- The committee wants to
“Lettingpoliticalfightsplay ASS amination into whether the hearfromtheprosecutorswho
S/
out in the political branches ME White House is interfering in withdrewfromtheStonecase,
mightseemmessyorimprac- TI theJusticeDepartment’stradi- aswellasthoseoverseeingor
tical,butdemocracycanbea BAY tionallyindependentaffairs. involved in several other in-
A
messy business, and federal MP Chairman Jerrold Nadler, vestigations and reviews or-
courtsareill-equippedtomi- S/TA (D.,N.Y.)saidinalettertoAt- deredbyMr.Barr.
cromanage sprawling and NE torney General William Barr AmongthemareConnecti-
O
evolvinginterbranchinforma- J thathewantstestimonyfrom cut’s U.S. attorney John Dur-
O
tiondisputes,”JudgeThomas VI orinterviewswiththeofficials. ham,whoisreviewingtheori-
A
Griffith wrote for the U.S. OCT Mr.Barrhashimselfagreedto ginsoftheFBI’sRussiaprobe
Court of Appeals for the Dis- FormerWhiteHousecounselDonMcGahnwassubpoenaedlastyearbyaHousecommittee. testifyonMarch31abouthis atMr.Barr’sbehest;Timothy
trictofColumbiaCircuit. decision to overrule prosecu- Shea, a close adviser to Mr.
The decision came on a 2- thisoranyfutureadministra- trialjudgewhoruledlastNo- tors’sentencingrecommenda- Barrwhomheinstalledasthe
to-1 vote. The ruling comes tionaccountable.” TheWhiteHouse vemberthatMr.McGahnhad tioninMr.Stone’scase. top federal prosecutor in the
amid an array of ongoing HouseSpeakerNancyPelosi tocomply. Prosecutors had recom- District of Columbia just be-
hadinstructedMr.
clashes between the White (D., Calif.) said the House JudgeGriffith,aGeorgeW. mended a seven-to-nine year fore the Stone sentencing;
House and House Democrats would seek an en banc deci- McGahnnotto Bushappointee,wasjoinedin sentenceforMr.Stone,based Pittsburgh’s U.S. attorney
leadinginvestigationsintothe sionfromthecourt,askingthe the decision by Judge Karen on the sentencing guidelines Scott Brady, who has been
appear.
Trump administration. It full panel to review the case. Henderson, a George H.W. theJusticeDepartmentapplies givenresponsibilityforreceiv-
could set a new marker sug- The three-judge panel that Bushappointee.HesaidCon- inallcriminalcases,butwere ingandreviewinginformation
gesting the courts won’t be ruledwasmadeupmostlyof gress had other tools to use overruledwithinhoursbyMr. about Ukraine from Mr.
willingtoresolvethoseshow- conservativejudges,whilethe againsttheWhiteHouse,such Barr,whoorderedanewfiling Trump’s personal attorney,
downs, at least in some cir- full court leans liberal. Even- Thesubpoenacamemonths as holding officials in con- callingforalesserpenaltyun- Rudy Giuliani; and Geoffrey
cumstances. tuallythecasecouldlandbe- before the House impeached tempt,withholdingappropria- deramorelenientinterpreta- Berman,U.S.attorneyinMan-
Theprecedent,ifitstands, foretheSupremeCourt. Mr.Trumponotherallegations tionsanddisruptingthepresi- tion of the guidelines. That hattan,whoseofficeisinvesti-
couldalsoallowthisadminis- The Democratic-led Judi- of misconduct, related to his dent’slegislativeagenda. prompted the withdrawal of gatingMr.Giuliani’sbusiness
tration and future ones more ciary Committee issued the dealingswithUkraine.TheSen- In dissent, Judge Judith four prosecutors involved in dealingsinUkraine.
room to give Congress the subpoena last year as it was ateacquittedhimonFeb.5. Rogers, a Clinton appointee, thecaseandraisedquestions A Justice Department
coldshoulderwhenlawmakers examining possible miscon- House lawyers had previ- said the ruling “removes any about whether the attorney spokeswomandeclinedtocom-
makerequestsforinformation ductbyMr.Trump,including ouslysuggestedtojudgesthat incentive for the executive general was tilting the scales ment.Itisn’tclearwhetherthe
andtestimony. whetherheobstructedspecial the House could potentially branchtoengageinthenegoti- tobenefitaTrumpassociate. department will make any of
HouseJudiciaryCommittee counsel Robert Mueller’s in- consideranadditionalarticle ation process seeking accom- A judge sentenced Mr. them available to answer the
Chairman Jerrold Nadler (D., vestigationintoRussianinter- of impeachment if Mr. Mc- modation,allbutassuresfuture Stonetothreeyearsandfour committee’squestions.Thede-
N.Y.) said in a statement that ferenceinthe2016U.S.presi- Gahn provided new evidence presidential stonewalling of monthsinprison.Theepisode partment historically has de-
the ruling, if upheld, “would dential election. The White regardingMr.Trumpandthe Congress,andfurtherimpairs touchedoffweeksofpolitical clined to let prosecutors an-
destroythepowerofCongress HouseinstructedMr.McGahn Muellerprobe. theHouse’sabilitytoperform furor in Washington and swer questions about active
togatherinformationandhold nottoappear. Friday’sdecisionreversesa itsconstitutionalduties.” fueled intensifying debate andcontinuinginvestigations.
THEWALLSTREETJOURNAL. Saturday/Sunday,February29-March1,2020|A5
*******
POLITICS
The Pack Tries
To Catch
Front-Runner
The Democratic delegate leader’s
primary rivals, by splitting the vote, could
help the Vermont senator win delegates
JoeBidenisbettingona maintainshislead,theyare
victoryinSouthCarolinato allhopingtokeephimfrom
revitalizehiscampaign.Amy pickingupthe1,991dele-
Klobucharsaysshestillhas gatesneededtosecurethe
momentumfromNewHamp- nominationoutright,
shire.ElizabethWarrenbe- promptingacontestedsum-
lievesherrecentdebateper- merconventioninMilwau-
formancesgaveherafresh keefromwhichanothercan-
boost. didatecouldemergeontop.
Tuesday’scontestsrepre- RS
BySabrinaSiddiqui sentacomingtestthatcould UTE
inRaleigh,N.C., determinewhetherMr.Sand- R/RE
andKenThomas erscancruisetoacom- AYE
H
inConway,S.C. mandingdelegatelead.Cali- T
forniaandTexas,thetwo RIC
E
PeteButtigiegissecondin biggestdelegateprizes,offer Sen.ElizabethWarrensayssheispreparedtostayintheraceandtakethefightforthenominationtotheconventionfloor.
thedelegatehuntandwants acombined643delegates,or
tomakeitatwo-person nearlyhalfofthedelegates OverathirdofallpledgedDemocraticdelegatestothenationalconventionwillbe Maine
race.AndMichaelBloomberg awardedonTuesday.Mr. awardedTuesday.Californiaalonehas415delegates.
isabouttobeontheballot SandersisleadinginCalifor- VVVVtttt.... NNNN....HHHH....
inaseriesofstateswherehe nia,pollsshow,andator
hasspentmorethan$100 nearthetopinTexas.Ifonly MMMMaaaassssssss....
millioninad- oneothercandidatecrosses WWWWaaaasssshhhh.... MMMMiiiinnnnnnnn....
ELECTION vertising. the15%thresholdnecessary OplneedgseqduaDreemeoqcuraaltsicondeelegate MMMMiiiicccchhhh.... NNNN....YYYY.... CCCCoooonnnnnnnn.... RRRR....IIII....
2 2 Democratic toearndelegates,thatcould OOOOrrrreeee....
presidential giveMr.Sandersamucheas- NNNN....DDDD.... WWWWiiiissss....
candidatesall ierpaththanifmultiplepeo- SSSS....DDDD....
hstaavyeindgififnertehnet2re0a2s0onrascfeo,rbut pstlaetwesi.ndelegatesinthetwo CCCCaaaalllliiiiffff.... IIIIddddaaaahhhhoooo WWWWyyyyoooo.... MMMMoooonnnntttt.... NNNNeeeebbbb.... IIIIoooowwwwaaaa OOOOhhhhiiiioooo PPPPaaaa....
theyareboundbyacommon “Thekeytowinningisto NNNNeeeevvvv.... CCCCoooolllloooo.... IIIIllllllll.... IIIInnnndddd.... NNNN....JJJJ....
goal:tostopBernieSanders minimizeSanders’smargins UUUUttttaaaahhhh KKKKaaaannnn.... MMMMdddd....
fromamassingamajorityof onSuperTuesdayandrack MMMMoooo.... WWWW....VVVVaaaa.... DDDDeeeellll....
KKKKyyyy....
delegates. updelegatesinthefollowing OOOOkkkkllllaaaa.... VVVVaaaa....
AAAArrrriiiizzzz.... NNNN....MMMM....
Mr.Sanders’searly contestsasthefieldwin- AAAArrrrkkkk.... TTTTeeeennnnnnnn....
strength—andthemorecen- nows,”Mr.Buttigieg’scam- NNNN....CCCC....
tvroitsettrhivaatlsdosepslint’ttinggouhpisthe pleaaisgendstahidisipnaastmweemeko.re- Hawaii TTTTeeeexxxxaaaassss LLLLaaaa.... MMMMiiiissssssss.... AAAAllllaaaa.... GGGGaaaa.... D.C. NNN...MMMaaarrriiiaaannnaaa
SSSS....CCCC........ IIIssslllaaannndddsss
way—isputtingtheVermont Mr.Sanders’scoming Alaska
PPPuuueeerrrtttoooRRRiiicccooo
senatorontracktoscoopup scheduleshowshowheis UUU...SSS...VVViiirrrgggiiinnnIIIssslllaaannndddsss
delegateswhenvotersacross tryingtothwarthiswould-
14states,oneU.S.territory bechallengers.
andpartymembersliving Thesenatorwassetto DelegatesbeforeSuperTuesday 155 FFFFllllaaaa.... GGGuuuaaammm
abroadheadtothepollson holdralliesFridayandSatur- DelegatesonSuperTuesday 1,357
March3,knownasSuper dayinMassachusetts,Ms. American
Tuesday. Warren’shomestate.Mon- Delegatesremainingafter 2,467 DDDeeemmmooocccrrraaatttsss Samoa
AAAbbbrrroooaaaddd
Mr.Sanders’srisehas day,Mr.Sanderswillbein
fueledconcernswithinthe Ms.Klobuchar’sstateofMin- Source:DemocraticNationalCommittee BrianMcGill/THEWALLSTREETJOURNAL
establishmentandamong nesotabeforereturning
partymoderatesthathis hometoVermont.Allthree shireandhascampaignedas readyvoted,manyvotersare votesshouldbeatthetopof theraceandtakethefightto
identityasademocraticso- haveTuesdayprimaries. the“practical”choice—has stillmakinguptheirminds theticket—evenifthatindi- theconventionfloor.
cialistandliberalpolicy “He’sflexing,andIthink scheduledaSuperTuesday andwaitingtocasttheirbal- vidualfailstowinamajority Mr.Bloomberghasalso
agendawilldoomDemocrats hehaseveryreasonto,”said nightpartyinSt.Paul, lotuntilelectionday.South ofpledgeddelegates.Hisri- beenlayingthegroundwork
inthegeneralelection.Mr. IanSams,whoworkedon Minn.,andhasalsobeen Carolinacouldbeanimpor- valshavesaidthenominee foradividedconventionand
Sanderssayshecanbeat thepresidentialcampaigns competinginstatessuchas tantmarkerinwhathap- shouldbechosenatthecon- hasbeenquietlyreaching
PresidentTrump,andare- ofKamalaHarrisandHillary Colorado,NorthCarolina, pens,”saidBeccaSiegel,the ventioninJulyifnocandi- outtopartyleadersanddo-
centWallStreetJournal/NBC Clinton.“Hewantstoreally TennesseeandVirginia. Bidencampaign’schiefana- dateachievesamajorityof norsinabidtocorralsup-
Newspollshowshimwin- putElizabethandAmyinthe AidestoMs.Warrenbe- lyticsofficer. delegatesthroughprimaries portshouldthenominating
ningahypotheticalmatchup cornerandsay,‘Youcan’t lieveherfieryperformance Mr.Bidenreceivedaboost andcaucuses. contestgotoasecondbal-
betweenthem. evenwinyourhomestate intheFeb.19debateinLas thispastweekwhenhewas “Thepersonwhowinsthe lot,accordingtopeoplefa-
Onlyasmallpercentageof andIcan.Whyareyoustill Vegasimprovedherstanding endorsedbyRep.JamesCly- mostdelegatesandthemost miliarwiththematter.
delegateshavebeenawarded pressingoninthisrace?’” intherace,andtheyhave burnofSouthCarolina,the votesshouldbethenomi- Thedynamichasdrawn
sofar,andifhistrajectory Ms.Klobuchar—whocame toutedafundraisinghaulof top-rankingAfrican-Ameri- nee,”saidAriRabin-Havt, contraststoMr.Trump’sin-
changes,anothercandidate inabetter-than-expected morethan$21millionfor canlawmakerintheHouse, Mr.Sanders’sdeputycam- surgentcampaignin2016,
couldovertakehim.Butifhe thirdplaceinNewHamp- themonth,asofFeb.22. andpickedupthesupport paignmanager. whichshockedtheRepubli-
Ms.Warrenalsoreceived FridayofSen.TimKaineof DemocraticNationalCom- canestablishmentandsimi-
agiantliftfromapolitical- Virginia,aformergovernor mitteerulesstipulatethat larlyleftacrowdedfieldof
actioncommitteesupporting whoservedasHillaryClin- thenomineemustwinama- rivalspinningtheirhopeson
hercampaign,knownasPer- ton’s2016runningmate. jorityofdelegates.Ifnoone abrokeredconvention.
sistPAC,whichannounceda TheBidencampaignhas does,delegatesarefreeto Thatscenarionevercame
$9milliontelevisionanddig- launcheda$2.2million supportanycandidateonthe topass.
italadbuylateThursday. broadcastanddigitaladbuy secondvote,andsuperdele- TerrySullivan,aformer
Theadswillruninnineme- ineightstates,anamount gates—mostlypartyinsiders senioradvisertoFlorida
diamarketsacrossthreeSu- wellbehindmanyofhisri- andelectedofficials—can Sen.MarcoRubio’s2016
perTuesdaystates:Califor- vals.Mr.Bloomberghas weighin. presidentialcampaign,saida
nia,Massachusettsand spentmorethan$161million SpeakingataCNNtown contestedconventionwas
Texas. onTVandradioadvertising hallonWednesday,Ms.War- wishfulthinkingforDemo-
Seekingacomeback,Mr. inthestates,whilebillion- renaccusedMr.Sandersof cratsin2020.
BidenisbankingonSouth airebusinessmanTomSteyer reversinghispositionfrom “They’rehangingontoa
SS Carolinatohelpgivehim hasspent$42millionand 2016,whenhearguedthat thread,justlikewewere,”he
RE momentum.Aidesbelievehis Mr.Sandershasspentnearly thenominationshouldn’tbe said.“They’rehangingonto
P
OCIATED sctarnenvgottherws,itwhhAofmricaakne-Aupmeri- $da15tamfrilolimonK,aanctcaorr/dCiMngAtGo. aownlayrdaepdlutroaalitcyanodfiddealteegawtietsh. athhisopgeoeosraacpornatyeesrtetdhactoinf-
SS morethanhalfoftheDemo- Divisionsoverhowtopick “ThewayIseethisisyou vention,theycanbetheguy
A
K/ craticprimaryelectoratein anomineeifnoonesecures writetherulesbeforeyou orthegalthatpeopleturn
RNI SouthCarolina,couldhelp amajorityofdelegatesalso knowwhereeverybody to.”
A
H himwindelegatesinagroup havepittedMr.Sanders stands,andthenyoustick “Butattheendoftheday,
W
RE ofSouthernstatesvotingin againsttherestofthefield. withthoserules,”Ms.War- thisisBernie’stolose,”he
D
AN March. Mr.Sandershasstood rensaid. added.
Sen.AmyKlobucharistryingtobuildonthemomentumfrom “WhilesomepeopleinSu- aloneinarguingthatthe Ms.Warrenaddedthat —ChadDay
herthird-placeshowingintheNewHampshireprimary. perTuesdaystateshaveal- candidatewiththemost shewaspreparedtostayin contributedtothisarticle.
For Biden, South Carolina Could Bring Life, but Clock Is Ticking
BYGERALDF.SEIB thelastweek—includinga populationsofAfrican-Ameri-
whoppingleadof20percent- canvoters,whoareMr.Bi-
Soitappearsthefirewallis agepointsinaMonmouth den’smostloyalandimpor-
holdingforformerVicePresi- Universitysurvey. tantgroup.Oklahomaisa
dentJoeBidenthisweek.If ASouthCarolinawin,par- conservativestatewherethe
thatremainsthecase,akey ticularlyacomfortableone, limitedpublicpollingshows
(cid:2) questionis: wouldinjectadoseofnew Mr.Bidenslightlyaheadof
Howmuchwill lifeintowhathadbeenaflag- theliberalMr.Sanders.
THIS thatmatter gingBidencampaign.Yetitis ThreeSuperTuesday
WEEK nextweek? unclearhowmuchhelpthat statesarehometoBiden
Atense wouldprovidehimheading competitors:VermontofMr.
campaign intonextweek’sSuperTues- Sanders,Massachusettsof
weekdrawsto dayvotingin14states. Sen.ElizabethWarrenand
aclosewiththeSouthCaro- Thereisn’tenoughtimeto MinnesotaofSen.Amy
linaprimaryelectionSatur- translateaSouthCarolina Klobuchar.ThatreducesMr.
day.Ithasbecomealmosta winintoabigfundraising Biden’schancesbutmeans
clichéatthispointtosaythat surgeandnotmanydaysto laggingbehindtherewon’tbe
SouthCarolinaisamust-win buildmomentum.Animpor- anunpleasantsurprise.
stateforMr.Biden—andthat tantconsiderationincoming Still,Mr.Biden’sbiggest
K
aBidenwinthereisthebest days,then,iswhereMr.Biden problemintakingadvantage OC
betfortherestofthefieldto willbeinthebestpositionto ofanygoodSouthCarolina RST
bluntthemomentumofaris- takeadvantageinSuperTues- newsisNewYorkCityMayor UTTE
H
ingSen.BernieSanders. daystates,manyofwhich MichaelBloomberg.Heap- S
A/
truYee,tanthdetchleicnheéwisshfroolmding sthheowpoMllsr..Sandersleadingin ptiemaersoonnSbuaplelortTsufoersdtahye,fhiarsst ZO/EP
SouthCarolinahasbeen Alabama,Arkansas,Vir- spentmillionsofdollarsad- SCAL
mostlygoodforMr.Biden.He ginia,NorthCarolinaand vertisingandstandssmackin LO
leadsineveryoneofsix TennesseeallvoteTuesday, themiddleofMr.Biden’s JIM
statewidepollsreleasedin andallhaverelativelylarge moderatelane. FormerVicePresidentJoeBidencampaigninginSumter,S.C.,onFriday.
A6|Saturday/Sunday,February29-March1,2020 THEWALLSTREETJOURNAL.
****
POLITICS
New York’s
Trumpwasneveramemberof
the powerful trade group, a
Billionaire spokesmansaid.
With no access to either
man’sunredactedtaxrecords,
Battle tallyingwealthisaneducated
guess. Forbes estimated Mr.
Trump’snetworthatabout$3
billion and Mr. Bloomberg’s
around$60billion.
ContinuedfromPageOne Mr. Bloomberg, a lifelong
thropiccircles,boardroomsand Democrat,switchedtotheRe-
eliteclubs. publicanPartybeforehisfirst
Mr. Trump grew up in a raceformayorin2001.Heleft
wealthy New York real-estate the GOP in 2007 as he flirted
family.Heneverfitamongthe with a 2008 presidential bid.
city’sold-moneycrowd,which WhenaskedonCNNaboutMr.
viewed him more as a show- Bloomberg’s prospects at the
man than a successful devel- time, Mr. Trump said Mr.
oper. Bloombergwouldbeaformida-
Mr. Bloomberg appears on blecandidatebecausehecould
theballotforthefirsttimein “spendthemoneythatittakes
theDemocraticprimarycontest togetelected.”
onTuesday,whenmorethana Mr.Bloombergdecidednot
Y
dozenstatesholdcontests.He NCtorun.Heinsteadsoughtper-
hasspentmorethan$600mil- AGEmissionfromtheCityCouncil
lion on his presidential cam- ANto bust a law prohibiting him
paign. ULLfrom serving more than two
M
For years, the two billion- MCterms.Mr.Trumpjoinedacho-
airescoexistedpeacefullyinthe RICKrussupportingMr.Bloomberg’s
city, trading pleasantries in ATbidforathirdterm.
P
public when it suited them. G/ “I think in New York City
N
Someoftheirchildrenbecame DIreal estate, developers are
friends. Whatever ill feelings AULforced into a position where
P
the two men harbored stayed NTStheytrytobeaccommodative
private.Notanymore. CLItothepoliticians,”saidStephen
Mr. Catsimatidis said he Meister, an attorney who has
spokewithMr.Bloomberglast represented Mr. Trump and
fall, before the former mayor knownhimsincethe1980s.
launched his bid, and he re- Messrs. Trump and
called Mr. Bloomberg clearly Bloombergtookoppositesides
felthewasmorequalifiedtobe of a national debate in 2010,
president. “He considers him- butthedisputecontainednone
self so much smarter than of the vitriol now being vol-
Trumpandsomuchricherthan leyedbetweenthem.
Trump,”hesaid.“AndTrumpis That summer, Mr.
sittinginhischair.Bloomberg BloombergstoodonGovernors
hateshim.” Island,theStatueofLibertybe-
TheprospectofaNovember hind him, to deliver a speech
supportingaproposaltobuild
amosqueandIslamiccommu-
Whateverillfeelings nity center two blocks from
where terrorists had toppled
thetwomen
theWorldTradeCenter.
harboredstayed Oppositiongrew,drawingin
Mr. Trump. He offered to buy
quiet.Notanymore.
Soutoneoftheinvestorsinthe
AGEproperty on the condition no
M
YImosque be built within five
GETTblocks of ground zero. Mr.
eMler.ctTirounmpshaonwddMowr.nBloboemtwbeeerng RESSE/Ttirounmwpassani’dtathpeprporporpioastee.dloca-
imsehnaradretotrpardeidnigct,pbuuntchtheestlwikoe ANCE-PEl-RGeaaml-aels,toanteedoefvtehloepienrveSshtaorrisf
R
crosstownrivals. Fin the property, said he was
Mr. Bloomberg is “a loser NCEsurprisedbyMr.Trump’soffer.
GE
who has money but can’t de- A “Eventhoughhewaspolar-
N/
bate and has zero presence,” Oizingagainsttheproject,what
ST
Mr.Trumptweeted.Hemocks ALstoodoutformeisthatheisa
R
the ex-mayor’s height, calling Krational genius in a way,” Mr.
R
himMiniMike.Mr.Bloomberg MAEl-Gamalsaid.“Heissomebody
tweetedthatsomeoftheirmu- thatunderstandshowtopush
tualacquaintancesinNewYork MichaelBloombergandDonald buttons and is the greatest
“laughatyou&callyouacar- Trump,top,attheTrump showman that I think we’ve
nivalbarkingclown.” NationalGolfCourseinNew everseen.”
Thebillionaires’boutignited Jerseyin2007.ABloomberg AfterMr.Trump’sofferwas
nearlyfouryearsago,whenMr. campaignbillboardinLas rebuffed,heappearedonCNN
Bloomberg took the stage at Vegas.Left,thetwomenata tocriticizetheproposalbutnot
the Democratic National Con- 9/11memorialservicein2016. Mr. Bloomberg. “He’s a great
vention. Mr. Trump, then the mayor and he’s a great friend
GOP presidential nominee, likestogooutandabout,”Mr. ofmine,”Mr.Trumpsaidinthe
“wants to run the nation like SHaysaid.“He’snostrangerto TV interview. “He feels very
he’srunninghisbusiness.God AGEputting on black tie, although stronglyaboutfreedomofreli-
M
help us,” Mr. Bloomberg said. Ioftenhisisred.” gion,andIunderstandthat.”
Y
“I’maNewYorker,andIknow GETT Mr. Trump “famously In2016,Mr.Bloomberg,who
acTornuwmhpecnamIspeaeigonnsep.”okesman RESSE/dMore.sHna’tygsoaitdo.a“Hloet’somfpoarretioefs,a” aattetdhawtitphoainntyhpaodlitbiecaelnpuanrtayfffiolir-
TBliomomMbuerrgtauisghnotsaeiqdu,ipp“eMdiktoe ANCE-PhomTheabtowdya.s”n’talwaysthecase, nereeadrlyruandneincagdfeo,rbrpiereflsyidceonntsiads-
R
runthiscountryandPresident FsaidJeanShafiroff,aManhat- anindependent.
Trumphasmadehisthoughts NCEtan philanthropist. In the late Mr. Bloomberg’s younger
onthatclear.” AGE1980s, Mr. Trump and Ivana daughter,GeorginaBloomberg,
Mr. Bloomberg declined a SKI/Trump, his wife at the time, toldWMagazineafterherfa-
W
request to be interviewed for O“were very big on the social ther decided against the idea
AL
thisarticle.Hisspokesman,Stu MIsceneandinphilanthropy.They that she was happy to have
Loeser said, “Running a golf NSwereattheNewYorkCityBal- avoidedcampaignmudslinging
A
courseisabouttheonlything” NDlet gala, pretty much every- withtheTrumps.
Mr.BloombergwouldhireMr. BREwhere.” “DonaldTrumpandhisfam-
Trumptodo. Mr. Bloomberg topped the ily have always been very
developinNewYork. success to find a developer would make up a completely ChronicleofPhilanthropy’san- close,”shetoldthemagazine.
His dealings with the willing to handle the conver- fabricated story that was in- nualrankingofthetop50big- “I’mgoodfriendswithhiskids.
‘The greatest’
Bloomberg administration hit sion,whichrequiredextensive stantlyandeasilydisprovable.” gest donors in the U.S. His I was not looking forward to
Mr. Bloomberg, as mayor, anearlysetback.CityHalloffi- andcostlyenvironmentalreme- A Trump Organization charitablecontributionstotaled havingtowatchourfathersgo
andMr.Trump,asadeveloper, cials rejected Mr. Trump’s at- diation. spokeswoman said, “For over $3.3billioninthepastyear.Mr. againsteachother.”
occasionally crossed paths. tempt to acquire 2 Columbus The city ended up building 30 years, before President Trumphasn’tmadethelistin Ms. Bloomberg and Ivanka
Theywereneverclose,people Circle,apropertynearCentral the course with taxpayer TrumpandtheTrumpOrgani- its20years. Trump appeared in the 2003
familiarwiththeirrelationship Park in one of Manhattan’s money, Mr. Benepe said. He zationsteppedin,FerryPoint Mr. Bloomberg gets credit documentary“BornRich.”
said, yet they largely pre- landmarkintersections. praisedMr.Trump’soperation was a stalled city project, in frommanyinNewYork’sreal- Mr.Bloombergrejoinedthe
sented—at least publicly—a The city instead sold it to of the Trump Golf Links at desperateneedofrescue.” estateindustryforhelpingre- Democratic Party in 2018 and
warmfront. whatisnowcalledtheMuseum Ferry Point. But he was sur- build lower Manhattan after launchedhisbidfortheDemo-
Mr.Trumpsaidin2007that of Arts and Design. Dan Doc- prisedtoheartheTrumpcam- the Sept. 11 terrorist attacks. craticnominationlastfall.
On the town
Mr.Bloombergwould“godown toroff,Mr.Bloomberg’sdeputy paign in 2016 portray Mr. Mr.Trumpwasmoreofanout- In October, Georgina
asoneofthegreatmayors,if mayor for economic develop- Trump’sroleasasingle-handed R.CouriHay,apublicistand sider, with few close friend- Bloomberg and Eric Trump’s
notthegreatest”inNewYork ment,saidhedidn’thearfrom rescueafteryearsofmunicipal NewYorksocietymaven,said shipsamongreal-estatedevel- wife, Lara Trump, were co-
history.Mr.Bloombergreferred Mr.Trumpagainuntilthe“The fumbling. Mr. Bloomberg is a frequent opers. As mayor, Mr. chairwomenoftheRescueDogs
toMr.Trumpin2011asa“New Apprentice”madeits2004TV “It’sapants-on-firelie,”Mr. guestatcharityeventsandgala Bloomberg would attend the Rock NYC charity gala. They
York icon.” Both called each debut18monthslater. Benepesaid.“Itwaskindofa dinnersinManhattanandthe Real Estate Board of New planned to headline a charity
otherafriend. “The next morning, I got a bigtellingmomentthatTrump Hamptons.“MayorBloomberg York’s annual banquet. Mr. eventforrescuedogsatMar-a-
Messrs. Trump and call from him out of the blue Lago,thepresident’sFloridare-
Bloombergwerephotographed simplytotellmetheratingsof sort,inMarch.ThePalmBeach
togetheronthegolfcourse.Mr. ‘TheApprentice,’whichhethen Postreportedneitherwouldat-
Bloombergtwiceappearedon proceeded to do for the next tend because of scheduling
“TheApprentice,”Mr.Trump’s threeweeksinarow,”Mr.Doc- conflicts.
reality TV show. Mr. Trump toroff said. “In the develop- After Mr. Bloomberg’s first
waspickedbythecitytoruna mentworldthatwewereliving debateappearancethismonth,
publicgolfcourse. in,thatsortofpost-9/11period, largely panned, Mr. Trump
Giventheirpersonaldiffer- we didn’t have that much en- lashedoutattheformermayor.
ences,thecordialityrestedon gagementwithhim.” “MiniMikeBloomberg’sde-
shaky ground. Mr. Bloomberg During Mr. Bloomberg’s bateperformancetonightwas
hadlittletogainfromtangling thirdterm,Mr.Trumpexplored perhaps the worst in the his-
withahigh-profileTVperson- taking over Tavern on the toryofdebates,andtherehave
ality.Likewise,Mr.Trumphad Green,arestaurantinCentral beensomereallybadones.He
littlereasontoantagonizethe Park.Hegotachillyresponse was stumbling, bumbling and
mayor, given the city’s broad fromCityHall.ThencameMr. grossly incompetent,” Mr.
land-useauthority. Trump’s shot at a golf course Trumptweeted.“Ifthisdoesn’t
When Mr. Bloomberg was dealintheBronx. knock him out of the race,
elected in 2002, Mr. Trump’s Adrian Benepe, commis- nothingwill.”
S
status as a New York real-es- sioneroftheparksandrecre- GE ShouldMr.Bloombergface
A
tate developer was on the ation department for most of MMr.Trumpinthegeneralelec-
I
wciaanlet.rAouftbelreruinnntihnegi1n9t9o0fsin,ahne- Mthre.cBitlyoohmadbeprrgo’ms itseendudree,casdaeids GETTYthieoant,edi,tsawidillNeownlyYogrketpumbolirce-
W/
would eventually shift to earliertoturntheFerryPoint Arelations executive Howard
H
mostly licensing his name to landfill into a public golf SRubenstein: “There’s some
A
developers around the globe. course. ZRkind of war that will take
E
Yet he still had ambitions to City officials tried without DonaldTrumpata2003NewYorkYankeesgame;RudyGiuliani,left,andMichaelBloomberg,right. place.”
THEWALLSTREETJOURNAL. ******** Saturday/Sunday,February29-March1,2020|A7
WORLD NEWS
In U.S., a Risk to Drug Supply Emerges
Chinaisakeyprovider
cushion. Drugmakers tend to
ofrawmaterials, stockupinadvanceofChina’s
LunarNewYearholiday,over
chemicalsformedicines
whichfactoriestypicallyclose
popularabroad fortwoweeks.Theyalsoorder
raw materials in bulk and
maintainaboutsixmonthsof
BYDENISEROLAND supply,industryofficialssay.
ANDJAREDS.HOPKINS “Thequestionis,howfarin
time do these stockpiles go,
Factory shutdowns across andcanwecontinuetorelyas
Chinabecauseofthecoronavi- heavilyaswedoonmanufac-
rushaveexposedanuncomfort- turingofthesecriticalsupplies
ablehealth-carereality:Many offshore,”saidRitaNumeroff,a
medicinesrelyonrawmaterials health-carebusinessstrategist.
thataremadeinthatcountry. The intricacies of the sup-
TheU.S.FoodandDrugAd- plychainsforindividualmedi-
ministrationThursdaysaidone cines—whichcompanieskeep
drug already has gone into under wraps for competitive
shortagebecauseofdifficulties reasons—remainhiddenfrom
obtaining a raw ingredient thepublic.WhiletheFDAre-
fromasiteaffectedbythecor- quiresmanufacturerstoreport
onavirus. It didn’t disclose whenthereisashortageofa
whichdrugoritsmanufacturer. specific product, companies
Forseveralweeks,theFDA that make the raw materials
hasbeencontactingmorethan aren’t subject to such de-
180 drug manufacturers, re- mands.Normusttheydisclose
mindingthemtoprovidenoti- the size, or timing, of ship-
ficationofanyexpectedsupply mentsbeingmadetotheU.S.,
shortages. That includes the RS limitingtheabilityofhospitals
makersofroughly20products UTE andotherproviderstoplanfor
tchoentaaigneinncgykehyasphiadremnaticfeieudticaasl AILY/RE potTehnetiFaDlAsuspapylsyidtihsrauspntoiownsa.y
D
ingredientsfromChina. A to track API volume out of
N
Mostvulnerablearegeneric HI China.“Wetechnicallyhaveno
C
drugs, which make up some Chineseemployeesworkontheproductionlineofanantimalarialdrugthatofficialssayhasacurativeeffectonthecoronavirus. ideawhatisactuallymanufac-
90%ofthemedicinestakenby tured in China,” said Soumi
Americans. Nongeneric, or ationandnotedthecompany’s hospital. “If we were to have supplies 40% of U.S. generic ment report. China’s domi- Saha, senior director of advo-
branded,prescriptionmedicines diversified supply lines, but majordisruptionsthatcaused drugs, relies on China for nance is growing: The U.S. cacyatPremier,oneofthelarg-
tendtohavesupplylineslinked warned that shortages could shortagesofseveralantibiot- muchofitsactiveingredients. imported$3.9billionworthof estgroup-purchasingorganiza-
tootherpartsoftheworld. occurinthefuture.Thecom- icsatonce,itwouldchallenge Withhundredsofmanufac- pharmaceutical raw material tionsintheU.S.contractingfor
Certain classes of drugs, pany’spresident,RajivMalik, ourabilitytoadapt.” turingplantsandotherwork- fromChinain2017,anincrease drugs and other supplies for
too,areatspecialrisk.China said,“Ourwholeindustryisin Severalgenericmanufactur- placesinChinasuspendingop- ofnearlyone-quarterfromthe hospitals.“We’remissingthat
isakeysupplierofthechemi- one way or other way con- ershaveseenpricesonphar- erationsinanefforttocontain prioryear,saysIHSMarkit. upstreamvisibility.”
calandrawmaterialsforpop- nected with China, but you maceuticalrawmaterialsgrow thespreadofthecoronavirus, Evenbeforetheoutbreakof Tryingtoshedlightonthe
ularbloodpressuremedicines would expect us to be much byasmuchas50%,including morepressureonthepharma- the Covid-19 disease, experts medicines-supply chain is
and several older antibiotics betterplaced.” those for common products ceutical supply chain looms for years have warned that Mike Osterholm, director of
that are no longer manufac- Experts believe China is such as cholesterol-lowering large.Yetdetailsonthemedi- overrelianceonasingleregion theCenterforInfectiousDis-
turedintheU.S.,suchasdoxy- alsotheonlymakerofkeyin- statins,accordingtoresearch cinessupplylinesintotheU.S. posedriskstotheU.S.health- ease Research and Policy at
cyclineandpenicillin. gredients in a class of de- bySanfordC.Bernstein&Co. arelimited,hamperingauthori- care system. An explosion in the University of Minnesota.
Big drugmakers such as cades-oldantibioticsknownas Drugmakers are adjusting, ties’abilitytoanticipatewhich 2016ataplantinChinaledto Heisleadinganefforttomap
Teva Pharmaceutical Indus- cephalosporins,whichtreata includingbylookingforalter- drugsaremostvulnerable. a world-wide shortage of the out the supply chains for
tries Ltd., one of the world’s range of bacterial infections, native suppliers and raising China is recognized as the antibioticpiperacillin. around150ofthemostimpor-
largestgenericmanufacturers, includingpneumonia. prices, said industry experts world’sbiggestsupplierofthe “The pharma industry is tant medicines and medical
havesaidinstatementsbefore “Theantibioticsupplychain and officials. Some Chinese raw materials—known as ac- pretty much bound hand and devicesintheU.S.,bypiecing
the shortage was announced isbecomingincreasinglyfrag- firms stopped shipping to tive pharmaceutical ingredi- foot with manufacturers in together information from
that they were monitoring ile,evenwithoutaglobalepi- manufacturers in India, said ents—that form the basis of China,” said Robert Walsh, shipping records, company
theirsupplychainsandhadn’t demic centered in the major DavidLight,chiefexecutiveof medicines. That dependence whose company Samara Bio- disclosuresandFDAdata.Al-
experienced any disruptions. manufacturinglocation,”said Valisure, an online pharmacy on China makes shortages pharmaConsultingauditsChi- though the project started
On Thursday’s quarterly Dan Diekema, director of in- thatworkswithadvisersinIn- more likely should Chinese nese factories on behalf of around18monthsago,hesaid
earningscall,MylanNVsaidit fectious diseases at the Uni- dia. The Indian generic-drug manufacturingbeshaken,ac- Westerndrugmakers. thecoronavirusoutbreakhas
continuestomonitorthesitu- versity of Iowa Healthcare, a industry, which the FDA says cordingtoa2019U.S.govern- The industry has some putit“onsteroids.”
Hospitals
Trump Considering
In U.S.
New Steps to Take
Prepare
With Coronavirus
ContinuedfromPageOne
reportsofcoronavirusinChina
emerged,anefforttoholdback BYANDREWRESTUCCIA week,andsaidtheadministra-
supplyincaseofaU.S.corona- ANDANDREWDUEHREN tion is considering using the
virusoutbreak. Defense Production Act. That
Adomesticoutbreakwould WASHINGTON—President act,firstpassedduringtheKo-
alsolandmorecriticallyillpa- S Trumpandtopadministration rean War, gives the president
W
tients in hospitals, which are NE officialssaidtheU.S.isconsid- powers to require businesses
alreadyseeingaseasonalsurge G eringnewstepstoaddressthe to produce goods tied to na-
R
from flu patients, the infec-BE coronavirus outbreak but tionaldefense.
M
tious-disease specialists said. OO called the current risk to Mr. Azar said that the risk
Widespreadcoronaviruscases S/BL Americans low, as federal to the American public from
couldleadtohospital-services RRI healthofficialsurgedlawmak- thecoronavirusislowandthat
O
demand that would likely be M ersonCapitolHilltoapprove it was too early to say what
worsethanthe2009pandemic AUL emergencyfundinginanticipa- measures, such as closing
P
ofinfluenza,saidEricToner,an D tionofmorecases. schools, could be needed to
VI
infectious-diseasespecialistat DA Mr.Trumpsaidthathewas slowthevirus’sspread.
the Johns Hopkins Center for ApersonwearingaprotectivemasksitsinaBayAreaRapidTransittraininSanFranciscoThursday. considering restricting travel TheU.S.has60peoplewith
HealthSecurity. fromadditionalcountriesthat confirmedcases,including45
Emergency-room patient tients. The CDC doesn’t track ficialshavealreadybegundis- announced Friday, came in are experiencing major coro- individuals repatriated to the
volumesoared18%duringthe the number of hospital isola- tributing critical medical sup- SantaClaraCounty,justsouth navirus outbreaks, without U.S.Morethan85,000people
fall of 2009, versus the same tionrooms. plies from public stockpiles. of San Francisco, where an specifyingwhichcountrieshe globally have contracted the
periodfrom2005to2008,re- Morewidespreadscreening Gov. Andrew Cuomo said older adult woman was con- hadinmind. disease, causing nearly 3,000
searchersreportedinthepub- could make it easier to track Wednesday the state will be firmedasinfectedwithcorona- “We’relookingatthatright deaths,accordingtotheWorld
lic-healthjournalMedicalCare. the spread of the virus in the seekingapprovalfromtheNew virus. The finding came after now and we’re looking at a HealthOrganization.
Notallhospitalssawasurgeof U.S.,Dr.Tonersaid.Healthand YorkstateLegislaturefor$40 thewomanwashospitalizedfor couple of countries—a few Earlier this week. Mr.
hospitalizations, but those HumanServicesSecretaryAlex millioninemergencyfundsto a respiratory illness and her countries—thathavealittlebit TrumpputVicePresidentMike
hardesthitsawadmissionsin- Azar told Congress Thursday combatcoronavirusinthestate physicianrequestedtestingfor disproportionately high num- Penceincharge of federal re-
crease20%. thattestingcapacityisexpand- andpayforneededequipment, thedeadlynewvirus. ber,”hetoldreporters,adding sponseefforts.
Arepeatofthatcouldstrain ing, with 40 labs qualified to including protective gear for In Oregon, an individual thathewouldmakeadecision Dr.AnthonyFauci,director
overall hospital capacity, Dr. screenforcoronavirus. health-careworkers. testedpositiveforcoronavirus “verysoon.” oftheNationalInstituteofAl-
Tonersaid.Hospitalshaveplans Hospitals and local public Hospital and public-health andthestatewasawaitingcon- Mr. Trump had previously lergy and Infectious Diseases,
to respond to surges but need healthagencyofficialssaythey emergency plans include con- firmation on the results from signaledhewasconsideringre- told House lawmakers that
timetogettheminplace,hesaid. are working to coordinate ac- tingencies for a surge in pa- federal officials, state leaders strictionsontravelersfromIt- theyshouldexpectmanymore
Lessisknownabouthowcor- tients, which include possible said. The individual, who had alyandSouthKorea,ontopof casesofthediseaseintheU.S.,
onavirus is transmitted, and makeshiftwardsoutsidehospi- contact with people in an ele- existingrestrictionsrolledout accordingtoapersonwhowas
there are no existing antiviral Hospitalemergency tals, if necessary, said Jenna mentaryschool,isn’tbelievedto inJanuaryregardingChina,the intheroom.
drugsforthenewvirus,unlike Mandel-Ricci, who is heading havetraveledtoareasaffected epicenteroftheoutbreak. The White House is taking
plansinclude
influenza, requiring new plans emergency preparedness for bythevirus,suggestingpossible InaFridayafternoonbrief- stepstobettercoordinatemes-
forwhatmightbeneededinthe contingenciesfora theGreaterNewYorkHospital communityspread,theysaid. ing, Health and Human Ser- saging on the outbreak, in-
eventofasurgeinpatients,said Association, a trade group. Governmentandotheragen- vices Secretary Alex Azar structing senior officials to
surgeinpatients.
CDCspokeswomanMarthaSha- Hospitals are also seeking to cies say they are working to urgedCongresstoquicklypass seekapprovalfromMr.Pence’s
ran. Coronavirus patients also create temporary isolation preparebusinesses,schoolsand anemergencyfundingpackage, officebeforespeakingpublicly
requireisolationtopreventoth- roomswithspecializedequip- other community gathering which is on track for next abouttheepidemic.
ersfrombeinginfected. ment,shesaid. placesforpotentialclosures.
TheCDCisworkingtoadapt cess to hard-to-get medical MontefioreHealthSystemin KrisEhresmann,theMinne-
its influenza plans to respond supplies, such as protective New York readied a two-room sotaDepartmentofHealthin-
toapotentialsurgeindemand masks,andtrackwherehospi- isolationunit,outfittedwithits fectious disease director, said
forhospitalservicesfromcoro- talshavespacetosafelyisolate ownlaboratory,inrecentweeks thestateisworkingoutplansif
naviruscases,Ms.Sharansaid, acoronaviruspatientacrossa toprepareforpossiblepatients, schools need to close, asking
addingthatguidanceforhospi- region. saidMontefiore’shealth-careep- businesses to come up with
talsisexpectedtobereleased TheHealthandHumanSer- idemiologist,TheresaMadaline. newsick-leavepoliciesthatal-
nextweek. vicesDepartmentkeepsastra- Localgovernmentsarealso lowpeopletoworkfromhome
When dealing with conta- tegicstockpileofcriticalmedi- pushingaheadwithemergency or in shifts, and finding ways
S
giousdiseases,suchasmeasles cal supplies, including declarations in efforts to pre- forhousesofworshiptogather NEW
andtuberculosis,hospitalstypi- protectiveequipment,whichis pareforcoronaviruscases,with virtuallyratherthaninperson. G
R
cally place patients in rooms available to hospitals when San Francisco joining the list “We can’t stop this from BE
M
withspecialventilationtopre- theycan’treplenishinventory thispastweek.“Althoughthere happening, but we can take OO
ventaircarryingdiseasefrom from the market or state and arestillzeroconfirmedcasesin measures to slow down the Z/BL
circulatingaroundtheirbuild- local reserves. HHS hasn’t re- San Francisco residents, the spread,”Ms.Ehresmannsaid. NE
ings. But most hospitals have ceived requests or deployed globalpictureischangingrap- —ErinAilworth,JimCarlton, RTI
A
M
fewsuchrooms.Somehospitals protective equipment in re- idly, and we need to step up StephanieArmour
UL
alsohaveunitswhereventila- sponse to the epidemic, a preparedness,”saidMayorLon- MelanieWest A
S
tioncanbeswitchedtosafely spokeswomansaidFriday. donBreed. andLeeHawkins VicePresidentPence,center,atanewsconferencewithFlorida
isolateagroupofinfectiouspa- InNewYork,statehealthof- ThesecondCaliforniacase, contributedtothisarticle. Gov.RonDeSantisandJeromeAdams,theU.S.surgeongeneral.
A8|Saturday/Sunday,February29-March1,2020 ******** THEWALLSTREETJOURNAL.
WORLD NEWS
South Korea Spends Big to Lift Growth
Morethan$13billion
designatedtoboost
economyhobbledby
thecoronavirus
South Korea injected more
than $13 billion in emergency
fundstostokeeconomicactiv-
itysappedbythefast-spread-
ing coronavirus, while a re-
gional government in Japan
declaredastateofemergency
inabidtocontainitsownout-
break.
ByDaslYooninDaegu,
SouthKorea,and
ChunHanWongin
HongKong
Thewideningoutbreaksin
thesetwocountriescontrasted
with the epidemic’s slowing
expansioninChina,whereof-
ficials reported Friday the
lowestdailyriseinnewcases
since they locked down the
city where the coronavirus
wasfirstdetected.
SouthKoreanFinanceMin-
isterHongNam-kisaidFriday
thatthecountrywouldspend
16trillionwon($13.19billion)
providingfinancialsupportto SS
businesses and individuals PRE
D
suffering as economic activ- ATE
ity nosedives. Mr. Hong said OCI
he would push the National SS
A
Assemblytoapproveanother N/
O
6 trillion won in emergency G-JO
aid soon. N
U
O
South Korea, the hardest- Y
N
hitcountryapartfromChina, AH
said it had 2,337 confirmed WorkersdisinfectasubwaystationinSeoul.SouthKoreaisthehardest-hitcountryafterChina,with2,337confirmedcoronaviruspatientsasofFridayafternoon.
coronaviruspatientsasofFri-
day afternoon, up from the
ChineseIndicators
prior day’s 1,766. The overall reauofStatisticsonSaturday manufacturingPMIcoverssuch suppliesinanticipationofde- surveywascompletedbyJan.20.
tallynearlydoubledfromtwo HitRecordLows wasthefirstofficialdatafora servicesasretail,aviationand mand. Economicactivitygroundto
daysearlier. fullmonthofeconomicactivity softwareaswellasrealestate Saturday’sresultsshowa ahaltacrossthecountryafter
In Japan, which has re- inChinasincethecoronavirus andconstruction. “relativelylargeimpact”from authoritieslockeddownWuhan,
ported210Covid-19cases,the beganaffectingtheeconomyin Thefactoryindexindicated theepidemic,ZhaoQinghe,an thecityattheepicenterofthe
northernmost Hokkaido pre- BEIJING—Officialgaugesof lateJanuary. contractionformostof2019, analystwiththestatisticsbu- epidemic,onJan.23.
fecture declared a state of China’sfactoryandnonfactory Theindexdroppedto38.8in hitbyatradewarbetweenthe reau,saidinastatementac- WhileFebruary’sreadingre-
emergencyFridayafteraspike activityplungedtorecord lows November2008,whenthefi- U.S.andChina.Itdidn’tcross companyingthedatarelease. flectsthefirstfullmonthin
in cases there. The Hokkaido inFebruaryasthenation’s nancialcrisispromptedsteep backintoexpansionuntillate March’sreadingsshouldim- whichtheoutbreakwaswidely
governorurgedresidentsnot economystruggledtoresume lossesonWallStreetandsent lastyear,whentradetensions provebecauseofauthorities’ef- known,italsooverlapswiththe
togooutthisweekend,soas normalproductionamidthecor- shockwavesthroughtheglobal betweenthetwosideseased. fortstohelpcompanies,espe- LunarNewYearperiod,which
to help contain an outbreak onavirusepidemic. economy.The50markseparates TheFebruaryresultcamein ciallymanufacturingfirms, regularlydistortseconomicac-
that has sickened 63 in the Theofficialmanufacturing expansionfromcontraction. farbelowthemedianforecast resumeproduction,hesaid. tivityinthefirsttwomonthsof
prefecture and claimed two purchasingmanagersindex Addingtothegloom,China’s of43byeconomistssurveyed January’sfactoryreadingof theyear,dependingonwhenit
lives. tumbledto35.7inFebruary nonmanufacturingPMI,alsore- byTheWallStreetJournal.Pur- 50—indicatingneitherexpansion fallsintheWesterncalendar.
On Friday, South Korean from50inJanuary,indicatinga leasedonSaturday,sanktoa chasingbymanufacturersisa norcontraction—didn’tfullyre- —JonathanCheng,LiyanQi,
President Moon Jae-in met deepcontraction.February’s recordlowof29.6inFebruary leadingindicatorofbusinessac- flecttheimpactoftheepidemic BingyanWang
with political leaders at the readingfromtheNationalBu- from54.1inJanuary.Thenon- tivitybecausefactoriesbuy sincethepreviousmonth’sofficial andGraceZhu
country’sNationalAssemblyto
discussanemergencysupple-
mentarybudgetaimedatcush- spread of Covid-19, allowing treatment as he was told to inDaegu,thesituationwillget swept clean of toilet paper, Meanwhile,ChinaonFriday
ioningtheepidemic’seconomic thegovernmenttoinjectemer- quarantineathomebecauseof out of hand and expand na- tissueandsanitarypads. continuedtoreportaslowing
impact.Theplanwouldprovide gency funds, lock down cities alackofhospitalbeds.Hewas tionwide,” according to a OnThursday,PrimeMinis- spread of the epidemic. The
funding for small businesses, andexertmorecontrolonpub- rushedtoahospitalThursday statementbythemetropolitan terShinzoAbeaskedallpublic trend has bolstered Beijing’s
especiallyinthecityofDaegu lictransportation. but died before he could be council of Daegu, South Ko- schoolstoclosestartingMon- optimism that its use of ex-
and its surrounding province, Officials in Daegu and the admitted. rea’s fourth-largest city with day, an abrupt request that traordinary quarantine mea-
bothseverelyafflictedwiththe nearby county of Cheongdo, Separately, a 69-year-old 2.4millionpeople.Daegusaid has drawn complaints from suresishelpingtocontainthe
Covid-19diseasecausedbythe whereSouthKorea’soutbreak woman who had been tested ithaspleadedwiththeSouth some local governments as disease.
coronavirus. is concentrated, have com- forthevirusandquarantined Korean government multiple well as ordinary Japanese. The National Health Com-
“Oureconomyistakingabig plainedaboutasevereshort- athomediedFriday,withthe timesforassistance. Some local officials say their missionsaiditlogged327new
hit. We are in a critical situa- age of staff, treatment facili- resultsshowingpositiveafter Concernsoverthebroader schools don’t have enough infections across China on
tion,butwecanovercomeit,” tiesandsupplies. herdeath. outbreakinJapan—wherefive timetopreparehomeworkfor Thursday. It said Covid-19
saidMr.Moon,whoseadminis- A 75-year-old man diag- SouthKoreareported16vi- peoplehavedied—prompteda students, while parents say claimed44livesonThursday,
trationhasgranteditselfmaxi- nosed with the virus died rus-linkeddeathsonFriday. rushtobuydailysuppliesFri- they can’t arrange child care raising China’s death toll to
mumauthoritytobluntfurther Thursday after waiting for “Ifwecannotstoptherise day, with many store shelves intime. nearly2,800.
Stock
S&P500sectorperformancethisweek,byrevenue since October 2008. Japan’s Fed Faces Challenges
exposuretonon-U.S.countries Nikkei 225 fell 9.6% on the
Selloff Is week, its worst since 2016.
–8% South Korea’s Kospi lost 8.1% In Calming Markets
Communication for the week, its worst since
Extended services 2011.TheHangSengshed4.3%
thisweek.
–10 Consumerstaples Selling remained particu- BYNICKTIMIRAOS greater economic disruption
Healthcare larly acute in areas such as from the epidemic spreading
travelandleisurestocks,with Federal Reserve Chairman intheU.S.promptedMr.Pow-
ContinuedfromPageOne CE Utilities Consumer governmentstakingfreshmea- Jerome Powell signaled in a ell to signal a more explicit
N discretionary
for the year. About 95% of MA –12 Technology sures to contain the outbreak statement Friday the central bias toward rate cuts. The
stocks in the broad index are R andpeoplecontinuingtocancel bank was prepared to cut in- Fed’snextscheduledmeeting
O
nowdownmorethan10%from F travel plans. Shares in Royal terest rates to cushion the isMarch17-18.
their highs, according to Dow PER Realestate Industrials CaribbeanCruiseslost24%for economyagainsttheeffectsof Unlikepastcrises,thisone
JonesMarketData. Materials the week, and American Air- the spreading coronavirus, isn’tprimarilyeconomicinor-
Traders and investors de- –14 lines Group stock fell toward whichhesaid“posesevolving igin.Nonetheless,officialsare
Financials
scribed a feeling of mounting itsworstweekonrecord.U.S. riskstoeconomicactivity.” grappling with the prospect
apprehension throughout the crude-oil prices logged their The central bank, he said, that it becomes an economic
week, as major U.S. indexes worstweeksincethefinancial “is closely monitoring devel- shock.
Energy
loggedaseriesofslidesunseen crisis. opments and their implica- While the Fed needed to
–16
inyearsandbondyieldsfellto 0% 20 40 60 Inasharpshiftfromearlier tions for the economic out- calmmarkets,“historically,the
historiclows. REVENUEEXPOSURE intheyear,whenconfidencein look.Wewilluseourtoolsand reassurance that works has
TheDowindustrialsclosed highflying technology compa- actasappropriatetosupport beenlimitedbecauseyoujust
down357.28pointsat25409.36 Source:FactSet niesandcorporateearningsre- theeconomy.” don’tknowatthattimewhat
onthelasttradingdayofthe sultshelpedpushmajorU.S.in- will be needed,” said Vincent
month.TheS&P500fell24.54 leashed a frenzy of trading helpedpushtheS&P500down dexestonewheights,sharesof Reinhart,aformerseniorFed
points,or0.8%,to2954.22.The amonginvestorsbigandsmall more than 10% from its highs techcompanieswithintheS&P Lowerinterestrates economist who is now chief
tech-heavyNasdaqfinishedup as the outlook for economic at unprecedented speed, with 500werepunishedasmajorin- economistatMellon.
can’tontheirown
less than 0.1%. The S&P 500 growth and corporate profits thebroadindexfallingfroma dexes tumbled from records. AmongtheFed’schallenges:
andNasdaqloggedtheirworst thisyeardarkened,helpingfuel recordintoacorrectioninjust TheS&P500isnowoffabout addresssupply-side The outbreaks represent a
weekssinceOctober2008. theswiftdeclineinstocksand sixsessions. 13%fromitsrecordonFeb.19. shocktotheeconomy’scapac-
shocks.
Asinvestorsditchedstocks, bondyields.Stocktradingvol- Addingtotheanxiety:Much BankofAmericaloweredits itytoproducegoodsandser-
they flocked to traditionally umes jumped to a year-long remains unknown about how estimate for global economic vices,oritssupplyside.Lower
safer assets like government highonThursdaywhilelisted far the virus will spread and growth.GoldmanSachsGroup interest rates can’t on their
bonds,pushingtheyieldonthe optionstradingsoaredtoare- the true harm it could do to saiditisexpecting0%corpo- ownaddresssuchsupply-side
10-yearTreasurynotetoare- cord. economic growth around the rateearningsgrowthin2020. Mr.Powellusedsimilarlan- shocksby,forexample,allow-
cordlowof1.127%initslargest About $18 billion left U.S. world. Some investors have “This, unfortunately, is the guagelastJunetoindicatethe ingquarantinedworkerstore-
weeklydeclinesinceDecember stock mutual and exchange- warned that it is too soon to perfectstorm,”saidDougCo- centralbankwasreadytore- turntoidledfactories.
2008. The two-year yield, tradedfundsduringtheweek bet on a swift stock rebound, hen,managingdirectoratAth- duce interest rates if needed Butinterest-ratepolicycan
whichtypicallymoveswithex- endedWednesday,thebiggest andmanyarebracingformore ena Capital Advisors. “This is aftertheU.S.-Chinatradewar help prevent a supply shock
pectationsforcentralbankpol- suchoutflowinnineweeks,ac- volatility. not something out of a stan- threatened to aggravate a from turning into a demand
icy,slidto0.878%,notchingits cording to a Bank of America Zhiwei Ren, portfolio man- dardeconomictextbook.” globalslowdown.Thecentral shockinwhichhouseholdsand
largestone-weekdeclinesince analysis of data from EPFR ager at Penn Mutual Asset In one sign of the anxiety bank subsequently cut its businesses hold off on pur-
September2001. Global. Management, called Friday’s percolating in markets, the benchmark rate three times, chases and investment, and
“Thishasbeenreallyquick, Meanwhile, the increased gyrations “very puzzling,” at- Cboe Volatility Index, or VIX, mostrecentlyinOctobertoa Fed officials are likely to re-
really deep and, in some re- turbulence stoked a jump in tributingthelaterallytobar- jumped to 40.11, the highest rangebetween1.5%and1.75%. spond aggressively if needed
spects, unbelievable,” said trading in retirement funds. gainhunterstryingtofindat- close since August 2015. The Fedofficialshavebeentry- to cushion the economy
MarkStoeckle,chiefexecutive Tradingactivityamonginves- tractive values after a brutal VIX,whichisbasedonoptions ingtoavoideitherwaitingtoo againstthoseforces.
officer of Adams Funds, who tors at large employers was week. on the S&P 500, tends to rise longtorespondtoanunclear President Trump, for his
said he is avoiding trading at about11timeshigherthannor- Stock markets around the whenstocksarefallingandde- economicthreatoractingtoo part,renewedhiscallforrate
the moment. “I believe the malonThursday,accordingto world also fell sharply. The clineasmarketsrise. rashly,whichcouldfurtherun- cuts Friday, telling reporters,
market will continue to sell AlightSolutions,arareoccur- Stoxx Europe 600 index —AvantikaChilkoti dermineconfidence.ByFriday, “IhopetheFedgetsinvolved,
off.” rencesince2008. dropped about 12% this past andChongKohPing however, the sharp market and I hope they get involved
The stock-market drop un- The frenetic activity has week,itsbiggestone-weekfall contributedtothisarticle. selloff and the potential for soon.”
THEWALLSTREETJOURNAL. Saturday/Sunday,February29-March1,2020|A9
******
WORLD NEWS
Italians Abroad
Now Receive a
SS
RE
P
D
Wary Welcome OCIATE
SS
A
N/
A
RL
U
F
O
DI
U
A
BYMARGHERITASTANCATI eruptedonFeb.20,Italianau- CL
S;
thoritieshaverestrictedpublic GE
A
ROME—Whenthecoronavi- gatherings and shut down M
I
rwuasvoeuotbfrfeeaakrbaengdanmiinstCruhsintat,oa- Tschheootloswinnsthiencotuhnetrrye’gsinoonrtohf. GETTY
ward Chinese people swept Lombardy where the clusters SSE/
throughItaly.Chineserestau- ofinfectionsbeganhavebeen PRE
rantscouldn’tfilltables,while sealed off, with armed forces NCE-
some Chinese tourists faced blockingtheroadsinandout. RA
F
abuse on the streets. Italy, That hasn’t stopped new NCE
aloneinEuropesofar,banned caseswithlinkstonorthernIt- GE
A
alldirectflightsfromChina. aly from appearing as far U/
K
owNnowou,tabsreIatka,lyitcoismbItaatlsiaintss saonudthinaSspSaiicni’lsy,CiannSawryitIzselralnadnsd, KULLA
H
whoaretakenabackasothers whereItaliantouristswereva- S
NT
trytoavoidorexcludethem. cationing. GE
Italians abroad are being Despite the widening epi- P:
O
T
treated as a risk, and several demic, Italy has pushed back M
O
countrieshavealreadybanned againstsuggestionsthatother R
F
travelersfromItaly.Others— EuropeanUnionnationscould
including China—have im- shut their borders to Italians MedicalstaffinAlbaniacheck
posedatwo-weekquarantine overfearsofcontagion. passengersarrivingfromItaly;
on people who have recently “The idea that Italian citi- below,asoldierblocksaroad
beentothepeninsula. zenscouldbebannedfromen- inItaly’sVenetoregion.
Among those affected by tering another country is un-
the new restrictions is 53- thinkable in Heaven or on TreviFountainbannedChinese
year-old Gabriele Battaglia, Earth,andamongthe27mem- customers, a measure that
whowasonhiswayfromMi- bercountriesthisisclear,”Vin- sparkedwidespreadoutrage.
lan to Beijing when the Chi- cenzoAmendola,Italy’sminis- Tensionsareevenrisingbe-
neseruleschangedearlierthis ter for European affairs, said tween Italy’s regions. The
week. He now finds himself earlierthisweekaftermeeting overwhelming majority of
quarantinedinChina. withEUambassadorsinRome. sickened people are from It-
“Now everybody is So far, Romania has intro- aly’s wealthier north. Now,
shocked,” said Mr. Battaglia, ducedrestrictions,imposinga southern Italians are telling
whoworksforSwisstelevision two-week quarantine on any- northernerstokeepaway.
andhasbeenlivinginBeijing onetravelingfromLombardy There are currently no
for nine years. “But I see the andneighboringVeneto.Hun- travelrestrictionswithinItaly,
logicinwhattheChineseare garyhasalsoannouncedvehi- except for the quarantined
doing:Theyareisolatingpeo- clechecksonitslandborders, towns,10ofwhichareinLom-
plewhocomefromhotspots, saying it would quarantine bardyandoneinVeneto.And
liketheyhavedoneforHubei,” peoplewhomayhavebeenex- therearenomedicalcheckson
the Chinese province at the posed to the virus, without people traveling from the af-
centeroftheoutbreak,which specifyingItaly. fected regions to other parts
has been cordoned off from Outside the EU, a growing ofItaly,butthatmaychange.
therestofChina. number of countries have “How is it possible that
“Forthem,Italyisabitlike closedtheirborderstoItalians. peoplearearrivingfromLom-
Hubei,” added Mr. Battaglia, AmongthemareMauritius bardyandVenetoandnoone
whomustreporthistempera- andtheSeychelles,beach-holi- Meanwhile,manyotherEu- Cristiano Giuriato, an Italian IntheweeksaftertheChi- at the airport checks on
ture twice daily to local au- daydestinationspopularwith ropeansareavoidingItaly,with waiter in Madrid, said in a nese outbreak began, similar them,” Nello Musumeci, Sic-
thorities. Italians,aswellasSaudiAra- thenumbersoftravelersdrop- Facebookpostafteraregular actsofdiscriminationweredi- ily’s governor, said after sev-
In Italy so far 821 people bia and Israel, which on ping so deeply that airlines customerofthebarwherehe rectedagainstAsiansandpeo- eral cases of coronavirus
have tested positive for the Thursday forced an Alitalia have canceled flights, while works brought him a face ple of Asian descent. In one traceable to the Lombardy
coronavirus,ofwhom21have plane to return to Rome trainsinItalyarenearlyempty. maskandmadehimwearit.“I widelyviewedvideo,anItalian outbreak were confirmed on
died—more than any other shortlyafterlanding.OnlyIs- Some Italians abroad are havebeenstrippedofmydig- man told Chinese tourists in the island earlier this week.
countryafterChinaandSouth raelipassengerswereallowed feelingnolongerwelcome. nityandbulliedfornoreason, Florence“togocoughinyour “Itwouldbebetterifnotour-
Korea. Since Italy’s outbreak todisembark. “I feel utterly humiliated,” justbecauseIamItalian.” homes.” A cafe near Rome’s istscamefromthenorth.”
Europe’s Fragmented Doubts Emerge Over Iran’s Virus Tally
Health Systems
TEHRAN—Coronavirus in- Minister Saeed Namaki told
fections among Iran’s senior state television. “I beg people
Come Under Strain leaders are raising questions tocooperatemorewithusand
overtheextentofanoutbreak helpusinreducinginfection.”
thathasbecomeaflashpointin Iranianofficialshaveidenti-
the world-wide spread of the fied Qom, a Shiite pilgrimage
virus. site, as the source of the out-
BYDENISEROLAND twonewcasesannouncedFri- break.Qomdoesn’thaveanin-
ANDSTEPHENFIDLER dayhadtraveledtoIran. BySuneEngel ternational airport, making it
Europe, home to richer na- RasmussenandAresu likelythatthevirus,whichoffi-
As the coronavirus spills tions with mostly well-devel- Eqbali SS cials have said came from
across borders in Europe, the opedhealthsystems,shouldbe RE China,passedthroughTehran
P
copofenontpailtneieonnttr—satvawetleitshfrtiehtersolypu—agthfcahwcwehsoicrhka imtnhoesraetthsoatrshonan’ntgdbelreeeenppoaisdisetymiostincesm.tahBtauinct itthieeAsncwooenveefkilramcfoteerdrotnIhraaevnfiiriarusnstaciuantshetohore-f SSOCIATED tfihresTtch.oergolnoabvailrumsoirstaalibtoyurtat2e.9f%or,
testofhowwellitcancooper- evaluationofthewidelydiffer- country,atleast34peoplehave N/A according to the WHO. Based
ate. Adding to the challenge, ingpandemicresponseplansin died among 388 confirmed APT on Iran’s latest figures, the
thespreadoftheviruscomes placeacrossthecontinent.Un- cases,thehealthministrysaid IrajHarirchi,left,seenMondaywithgovernmentspokesmanAli country’smortalityrateforthe
duringthewinter,whenthere- known is whether there are Friday. Rabiei,inTehran.Mr.Harirchiconfirmedheisinfectedwiththevirus. viruswouldbemorethanthree
gion’shealthsystemsareunder weak links that may increase But the number of Iranian timestheglobalaverage.
moststrain. thecontinent’svulnerabilityas officialswhohavetestedposi- The outbreak in Iran has Inanattempttocontainthe “Giventhenumberoffatali-
Geographic borders are no awhole. tiveforthevirushasdrawnat- lastedatleastamonth,Mr.Bo- spread of the virus, Iran can- tiesthathavebeenreportedal-
barriertoviruses,buttheycan Eachcountryhasitsownap- tentiontotheofficialstatistics, gochestimated. celedFridayprayersfor23of ready, it’s almost certain that
mark big differences in how proachtoassessingthecompli- withsomeresearcherssuggest- DeputyHealthMinisterQas- thecountry’s31provincialcapi- the true of number cases is
governmentsrespondtothem. cated trade-offs involved. ingthenumberofinfectionsis semJanbabaei,inadiscussion tals. Iran’s Health Ministry much,muchhigherthanwhat’s
Europe’snationalgovernments Among these, they need to farhigher—possiblyinthetens on state television Thursday, warnedthatmorecaseswould been detected and reported,”
areresponsibleforresponding keep people safe—without ofthousands. said Iran hadn’t been hiding be confirmed in the coming saidMalikPeiris,chiefofvirol-
to epidemics, with the Euro- causingunnecessarydamageto “It’s now apparent to the coronavirusnumbers. days.Schoolsweresettoclose ogyattheUniversityofHong
pean Union playing a limited theeconomy.Theywillseekto worldthatthereisasignificant TheWorldHealthOrganiza- from Saturday through Mon- Kong,whohasstudiedhowthe
role,andthecountries’geogra- assess the true spread of the burdenofillnessinIran,”said tionhasn’testimatedtheinfec- day,andlow-riskandillprison- virusspreads.
phies, wealth and health sys- disease—butavoidoverwhelm- Isaac Bogoch, infectious-dis- tionrateinIran. ersweretobereleasedonfur- It isn’t known whether the
temsdifferwidely. inglaboratorieswithnegative easesphysicianattheUniver- Thespreadofthenewcoro- loughforthePersianNewYear discrepancy between Iran’s
On Friday, as expected, the tests.Andtheywillseektobe sity of Toronto and co-author navirus through Iran’s higher inMarchtoavoidinfection. numbers and those in other
number of cases in Europe transparent with the public ofareportontheoutbreakin echelonsbeganwithaTehran Someclericsandworshipers countries is due to deliberate
grew. withoutcreatingirrationalpan- IranpublishedMonday. districtmayor. havedefiedorderstostayaway underreportingoralackofca-
Italy, the country most af- ics. Mr. Bogoch and other re- The current deputy health from Iran’s holy sites and pacitytodiagnosethenewcor-
fected, said 821 people tested The U.K. has begun rolling searchers at the University of minister’s predecessor, Iraj shrines. “We have a relatively onavirus. China on Friday
positiveforthecoronavirusas outmasstestingofitscitizens TorontoandDallaLanaSchool Harirchi,whowastheheadof difficult week ahead,” Health shipped20,000testkitstoIran.
ofFridayevening,21ofwhom to include anyone displaying ofPublicHealthestimatedthe thecoronavirustaskforce,also
have died, compared with flulike symptoms. France and number of cases in Iran at confirmedhewasinfected,af-
around 650 confirmed cases Germany are testing people roughly 23,000. With a model terappearingatapressconfer-
Extraordinary...
thedaybefore. with symptoms if they have usedduringthe2009outbreak ence feverish, mopping sweat
InGermany,authoritiesreg- also recently traveled to af- ofswineflu,theresearcherses- offhisforehead.
isteredover30newcoronavi- fectedregionsorhavebeenin timated with a confidence in- On Thursday, the highest-
ruspatients,pushingthetotal contact with known sufferers. terval of 95% that between ranking woman in Iran’s gov-
numberofconfirmedinfections The Netherlands and Belgium 11,520 and 41,280 were likely ernment, Vice President for
to over 50. More than 1,000 have been restricting tests to infectedinIran. Women’s Affairs Masoumeh
30%savingsonselectJulyandAugust2020
peoplehavebeenquarantined thosewhohavebeenincontact Ebtekar, said she had con-
in the western state of North withknowncases. Expertssaythehighmortality tracted the coronavirus. Ms. departuresofourluxuryhotelbarges,
Rhine Westphalia, with the Itislikelyonlyamatterof rateinIranmaybedueto EbtekargainedfameintheU.S.
ADRIENNE,HORIZONII,andNENUPHAR.
highest number of infections. time before more clusters underreportingofmildercases. four decades ago, under the
The disease spread further, emergeacrossthecontinent. moniker“Mary,”asspokesper-
with infections confirmed in “Whatyou’reseeinginItaly, Coronavirusdeathsasa sonforthestudentswhoseized *Appliestonewreservationsonly;additionalrestrictionsapply.
percentageoftotalcases,as
the southern states of Baden wehavetoassumeishappen- theAmericanEmbassyinTeh-
of3:13p.m.CET,Feb.28
WürttembergandBavaria,the ing in other parts of Europe,” ran.
centralstateofHessen,andin saidJeremyFarrar,directorof After top reformist parlia-
Iran 8(cid:2)8%
the state of Hamburg in the the Wellcome Trust, a large mentarianMahmoudSadeghiin
north. medical-researchcharity. China 3(cid:2)5 a video said he had been in-
The number of confirmed The key, according to Dr. fected,theheadoftheparlia-
Italy 2(cid:2)6
coronaviruscasesinSpainrose Farrar,iskeepingcontainment ment’s national security and
to32,nationalauthoritiessaid effortsgoingaslongaspossi- HongKong 2(cid:2)1 foreignpolicycommittee,Moj-
Friday,upfrom23thedaybe- ble.Thishelpspreventasurge taba Zonnouri, who regularly
Japan 1(cid:2)8
fore. ofcasesoverwhelmingalready- meets with top decision mak-
TheU.K.saidthenumberof strainedhealthsystemsduring SouthKorea 0(cid:2)6 ers,wasdiagnosed.
P.O.Box2195,Duxbury,MA02331
peopleknowntohavethevirus thewinterfluseason.“Every- At least two other parlia- 800-222-1236 781-934-2454
hadrisento20,withthelatest thingyou’redoingistryingto *Irandataisthelatestreported. mentarians tested positive, www.fcwl.com
Sources:JohnsHopkinsCenterfor
victim being the first not to dampenthepeakanddelaythe lawmakerMohammadaliVakili
SystemsScienceandEngineering;
havetraveledabroad.Previous onsetoftheepidemic,”hesaid. IranHealthMinistry(Iran) said.
A10|Saturday/Sunday,February29-March1,2020 THEWALLSTREETJOURNAL.
*******
WORLD NEWS
Swarms of Locusts Threaten East Africa
BYNICHOLASBARIYO aidagenciessay. and South Sudan, a nation dealwithplagues.Butthere-
Theswarmsaresobigthat where more than half its 12 gion, which ranks among the
KAMPALA,Uganda—Across traditionalandmore-inventive millionpeoplearealreadyfac- poorest in the world, was
Somalia, desert locusts in a NALformsofpestcontrolareinef- ingseverefoodinsecurityand caught unprepared, officials
R
swarm the size of Manhattan OUfective. inneedofhumanitarianassis- say. Until the current out-
J
hofavfearmdlaenstdroaysedbigaassOwkaltah- REETdamMaagpepiinsgmathdeemscoarleecoofmpthlie- ttahnacte.aThleocUu.Nst. ssawidarTmueshdaady bmreemakb,eUrgsahnipdahadfleaestspaidiitns
ST
hcloomuda.sInoKfenthyae,biinllsioecntss-sthroanvge WALLcaareteads baerceauinserethgeiohnasrdaetswt-harit. rDeeamchoecdratthiceReeapsutebrlnicboofrCdoerngoof 1a9ro8u0n.dK$a3mmpailllaionhianstmilyempbaeird-
eaten through 800 square HEPerhapstheworstdamagehas forthefirsttimesince1944. ship arrears early February,
T
miles of crops and survived ORbeeninSomalia,wherefarm- butthiswastoolatetosecure
F
a weekslong spraying cam- NIersandauthoritiescan’tcon- requiredlocust-sprayingequip-
O
paign.InpartsofPakistan,the BILductaerialsprayingbecauseof Theworstplaguein ment to avert the invasion.
pests have eaten 40% of the SIfearstheaircraftcouldbeshot Kampalastillowes$2million,
harvest, forcing the govern- HELEdownbyinsurgents. generationsputs joiningSudan,EritreaandSo-
ment to declare a national MIC “Peoplealreadyontherun some20millionat maliaasdefaulters.
emergency. Desertlocuststypicallylivesolitarylivesuntilacombinationof from violence saw their ani- Complicating response ef-
riskofstarvation.
Theworstplagueoflocusts conditionspromotesoverbreeding,leadingtomassiveswarms. mals wither and die in forts,theregionalpestcontrol
in generations isn’t over yet, drought, their crops washed body is tackling the invasion
butthegargantuanscaleofthe ing to the United Na- solitarylivesuntilacombina- awaybyfloodwaters,andnow with just four outdated 1965
damageithaswroughtiscom- tions, enough food to feed 81 tion of conditions promotes what remains be eaten by lo- sprayingaircraft,whicharein-
ingintofocusandraisingcon- millionpeople. overbreedingandleadthemto custs,” said Juerg Eglin, the FarmersSamsonNgorok,in sufficient to address the
cernsofahumanitariancrisis. Theoutbreakhasputsome formmassiveswarms. headoftheSomaliadelegation Uganda’s northeastern Kara- breadthoftheproblem,theaid
Billionsuponbillionsofthein- 20millionpeopleinAfricaat The genesis of the current fortheInternationalCommit- moja region, and Peter Loko- agency Oxfam says. Kenya,
sects—feared by many of the risk of starvation, and this plague came after vast rains teeoftheRedCross. ruka in Turkana, a county in whichhasdeployedatotalof
world’sancientcivilizations— couldriseto33millioninthe were dumped by cyclones in In northern Kenya, the lo- northwesternKenya,saythey eight aircraft, has failed to
have gathered into thick bliz- nextfewmonths,accordingto the deserts of Oman, Yemen custs have stripped grazing areplanningtomovecattleto stop the pests in two months
zards that have now swept Irish aid agency Concern and Somalia two years ago. pastures, pushing herders to areas not yet affected by the of constant spraying. Uganda
across more than 10 nations Worldwide.Thedevastationis Thatcreatedfavorablebreed- move livestock farther south. locusts. hasyettosecuresprayaircraft
on two continents, eating ev- hittingaregionwheremillions ing conditions that allowed Manypastoralistshaveleftbe- “It’s the only option now. and lacks the experience,
erycropintheirpath.Inparts are already facing unprece- threegenerationsoflocuststo hindwomenandchildren,rais- Otherwise our cattle will equipmentandbudgettohan-
ofEastAfrica,thecenterofthe dentedfoodshortagesbecause flourishuncheckedinareasbe- ing fears of malnutrition and starve,”Mr. Ngoroksaid. dletheinvasion.
plague, swarms the size of of a lethal combination of yond government control, starvation,aidofficialssay. CountriesinEastAfricahad Theupshot,expertswarn,is
large cities are destroying drought, flooding and insur- wheretheybredintovastcolo- Inrecentweekstheswarms formedaregionalpestcontrol that there could be another
some1.8millionmetrictonsof gency. nies before flying east, west havereachednewcountries— body,theDesertLocustsCon- surgeinthelocustpopulation
vegetation every day, accord- Desertlocuststypicallylive and south in search of food, including Tanzania, Uganda trol Organization, in 1962 to inMarch.
Afghanistan Faces Uncertain Course After Peace Pact
The U.S. and the Taliban
weresettosignadealinQatar
on Saturday that will chart a
pathforallAmericantroopsto
leave Afghanistan after more
than 18 years of war, but it
leavesunansweredfundamental
questions about the country’s
future,includingwhetheritwill
remainademocracyandwhat
rights will be afforded to
women.
ByJessicaDonatiin
Washingtonand
EhsanullahAmiriin
Kabul
President Trump has long
telegraphedhisimpatiencewith
thewaranddesiretobringthe
troops home. Despite the ur-
gency in Washington, com-
pounded by the approaching S
2020election,thenextphases AGE
M
oftheprocessfacesteepchal- I
Y
lenges, according to analysts GETT
andOnfocremseigrnoefdfi,ctihales.agreement RESSE/
pmreodviiadteeslythbaetgtihnewUi.Sth.dwrailwliimng- NCE-P
A
troops,inexchangeforTaliban FR
commitmentsoncounterterror- NCE
ism and the start of negotia- AGE
tions with Afghan groups, in- DA/
A
cluding the government, to RZ
HI
decidehowtogovernandshare S
H
powMearr.ch 10 is the tentative RULLA
O
dateforthestartofthosenego- NO
tiations. But a lack of clarity Youngpeoplereleaseballoonsandpigeonsastheycelebratethereductioninviolence,inJalalabad,onFriday.Thenextphasesofthepeaceprocessfacesteepchallenges.
overtheformat,frompresence
ofamediatortotheformation thewar…andbringourtroops assurancesfromtheTalibanre- riod began last weekend and plannedinaugurations. usedtoresolveissuesthathave
of the negotiating teams, to home.” gardingtheuseofAfghanterri- runsuntilSaturday. Both the Afghans and the comeupduringtheweek.
wheretheprocesswillactually Oncethedealissigned,the torybyterrorists. Butthebreakfromtalkslast Talibanhavebeenslowtopre- TheAfghaninteriorministry
take place, all raise questions U.S. military plans to spend Allthosefactorscouldkeep yearalsoallowedAfghanistan parefortheintra-Afghanpro- saidThursdaythat17ofitsse-
overwhethertheintra-Afghan three to five months drawing U.S. forces in Afghanistan for toholdapresidentialelection cess.TheAfghansidehasbeen curityforceshadbeenkilledby
processwilllaunchasplanned. downtoroughly8,600troops, years. that resulted—as had been unabletoagreeonanegotiat- dayfive,althoughthatisafrac-
“Ifyoudon’thaveaproper defense officials said. There In a further complication, widely feared—in a deadlock ing team. The Taliban have tionofthecasualtiesnormally
preparation for the talks and now are about 13,000 U.S. the political landscape in Af- betweenthetwoleadingcandi- triedtodemandaswapofthou- seeninAfghanistan.
someone,orsomeentity,who troops in Afghanistan. Allies ghanistan is different than in dates. sands of prisoners before it U.S. and Afghan officials
ismanagingthosepreparations, also are expected to reduce September, when Mr. Trump BothPresidentAshrafGhani startsandhavebeenvagueon havesignaledtheirexpectation
it’squitepossiblethatthetalks theirforcesthere,theofficials walked away from a nearly andhisrivalAbdullahAbdullah the substance of their beliefs thatallpartieswillcontinueto
willjustblowuponthelaunch said. completedU.S.-Talibandealaf- claimed victory after a fraud- anddemands. move toward a full cease-fire
pad,” said Laurel Miller, who DetailsonU.S.troopreduc- ter an attack that killed an marredvoteandvowedtoform TheTalibanalsohavebeen after the deal is signed. The
servedastheactingU.S.envoy tions, which analysts and for- Americansoldier. parallelgovernments.Thetop vagueontheimmediateques- Talibanhavesaidthatthecom-
for Afghan talks during the mer officials expect to take The U.S. won concessions U.S. envoy, Zalmay Khalilzad, tionofwhetherattackswillpick mitmentisjustforsevendays.
ObamaandTrumpadministra- placeover18months,likelywill fromtheTalibanbeforerestart- having wrapped up talks with upthisweekendaftertheseven Thatsuggeststhegroupmaybe
tions. be announced Saturday. Offi- ingtalks,includingaseven-day theTaliban,hasspentthepast daysofreducedviolencehave unpreparedtogiveupitslever-
Mr. Trump said in a state- cials haven’t said how closely reductioninviolencebeforethe weekinKabultryingtobroker elapsedandthedealissigned. ageonthebattlefieldasearly
mentFridaythatthesigningof the drawdown will be tied to signingandthereleaseoftwo an agreement between the ri- TheU.S.militaryismonitoring asitsopponentshadhoped.
the agreement provided “a conditions including a cease- Westernhostages,includingan vals,succeedingatleastinper- thereductioninviolence,witha —NancyA.Youssef
powerful path forward to end fire,theintra-Afghantalksand American. That seven-day pe- suadingthemtopostponetheir contact group in Doha, Qatar, contributedtothisarticle.
FROM PAGE ONE
Leap Year saysinavideopostedonher her friends on Facebook. One life milestone—being alittlesweatonmine,theylet thisyear.”
website,citingtheoddsofbe- “WhenIdon’tgetmessageson able to legally buy one’s first mehavemydrinks!” Stacy Keyes, of Compton,
ingbornonleapday. myFacebookwallonFebruary drink at 21—often becomes a Michelle Mohring said Calif., who turns 56 or 14 on
Babies Leapers fight back in the 28,IassumethatFacebookwill soberingexperience.Annabella whenshewhenshemovedtoa Saturday, said her late father
ways of any interest group: alert my friends on March 1,” Gualdoni is still annoyed, 30 newtowninMichiganin2009, warned her life would be like
They write letters, they send shesaid.“ButsometimesFace- years later, about when she shewasunabletoregisterfor this. They were both born on
Fight Back emails. And they have seen bookhasn’talertedfriendson wenttoabarnearhercollege a library card online and leapdayandamongtheirjoint
somechange.Somestateshave eitherday!” inLosAngelestocelebrateher sought help in person. The issues:eachbeingquestioned
rejiggeredtheircomputersys- AFacebookspokesmansaid 21stbirthdayandshowedher clerk,shesaid,triedbutfailed throughouttheirlivesiftheir
tems to recognize Feb. 29 on itdoessendbirthdayremind- tofindawaytoinputFeb.29 birthdatewasreal.
ContinuedfromPageOne driver’s licenses, said Ms. ers to friends of people who intothelibrarysystem.Shefi- “Forthemeremortalsthat
ship has ballooned to 11,000 Dawn. arebornonFeb29. nallygotacardwhenshesug- don’tunderstandtheleapyear,
fromjust21whenshestarted When Karen Korr turned Kelly Rowe delivered trip- gestedjustchangingherbirth wealwaysgetthesideeyeor
itin1988.Amongotherthings, both40and10fouryearsago, letsonFeb.29,2004,andsince dateonittoFeb.28. ‘Is that really your birthday?
itmaintainsalistofissuesthe she first celebrated with a thensheandherhusband,Jeff, “He informed me I would How did that happen?’ ” she
leapersface. party with face painters, bal- have had to deal with issues havethisproblemfortherest said.
Ms. Dawn, of Keizer, Ore., loonanimalsandBarbiecakes. rangingfromcorrectingforms of my life and joked that I Ms.Dawn,oftheleap-year
celebrates her 15th birthday Then, she and her girlfriends fordoctors’officestohavingto should just change my birth- babygroup,saysprogressstill
Saturdayafterspendingatotal jetted off to Las Vegas to see convincecustomsagentsona Happybirthday! day,” said Ms. Mohring, a needs to be made. “We’ve
of60yearsontheplanet.She CelineDion. recenttriptoCanadathattheir teacher. “I found that a little comealongway,butthereare
strives to make life easier on “Not having your birthday childrenwerelegit. IDforanAlabamaSlammer. condescending.I’mentitledto stillsomethingsthathavenot
leapers,includinggettingmore ontheactualcalendarmeansit “Customs were very enter- “Thewaiterlookeditupand haveabirthdayandthecorrect been fixed online,” she said.
states to change their DMV gets overlooked completely tainedwiththeirbirthcertifi- down,scrunchedhisface,and informationwithouthassle.” “I’mnotgoingtostopuntilwe
computerstorecognizeFeb.29 sometimes, but you get to cateswepresentedand…didn’t said, ‘Uh, are you celebrating Ms. Mohring said she is areallleapified.”
and pushing restaurants to makeupforitwithakillercel- believeusbecausetheyareall your21stbirthdaytonight?’” looking forward to her birth- Shesaidsherecentlygota
honorfreebirthdayoffersev- ebrationeveryfouryears,”said differentsizes,”saidMs.Rowe, said Ms. Gualdoni of Newton, day on Saturday, when she couponinthemailfromade-
ery year rather than every Ms. Korr, a legal-marketing ofCharleston,S.C.,whosetrip- Mass.“IsaidthatIwasandhe turns52,or13—thesameage partment store for leap-year
four. strategistfromSanDiego. letsvaryinheightsupto6feet said,‘I’dbettercheckwithmy as the middle-schoolers she babiestouseontheirbirthday.
“I’lltellyouwhocares,one Still,shefeelshurtmissing tall. The family eventually boss about this.’ After much knows “who get a kick out of There’sjustoneproblem:The
in 1,461 of us do,” Ms. Dawn out on birthday wishes from madeitthrough. deliberationontheirpart,and knowingwewerethesameage expirationisFeb.28.