TechCrunch Industry News

Brizzly, the name associated with a long-gone Twitter client, and later, a goofy project highlighting our addiction to social media, is coming back. And this time, it’s focused on serving the needs of Twitter power users in search of features Twitter itself has failed to build — like an Edit button and an auto-deletion option for tweets, among other things. Learn more about your ad choices. Visit podcastchoices.com/adchoices

American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs. Today’s carnage is simply bleak. As we write to you, here’s where stocks are: Dow Jones Industrial Average (DJIA): -1,688.5, or -7.2% S&P 500: -191.2, or -7. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Have you ever seen a dead cat bounce? It’s a term that Wall Street traders coined to describe the moment when collapsing markets briefly rise before resuming a downward trajectory. It looks like investors new to the notion of an economic downturn may have seen their first such bounce yesterday. The glacial domestic response to the spreading novel coronavirus in the U.S. Learn more about your ad choices. Visit podcastchoices.com/adchoices

NASA’s ambitious plan to put boots on the Moon in 2024 is looking increasingly costly — and increasingly unlikely — if the current cost overruns and delays are any indication, according to a report by the agency’s Office of the Inspector General. “NASA’s continued struggle with managing SLS Program costs and schedule has the potential to impact the Agency’s ambitious goals for the Artemis program,” reads the report issued yesterday. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The European Parliament is instructing managers to prepare for all but a minority of staff to work remotely for 70% of the week as of next Monday — dialling up its response to Covid-19, the disease caused by the SARS-CoV-2 virus. Full-time remote working may follow, it has also said. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It appears that the teaser from President Donald Trump’s press conference last night about the steps that the U.S. government might take to soften the economic blow of a more severe response from the COVID-19 outbreak in the U.S. has had the desired effect. At least it looks that way, given how the stock market opened regular trading hours. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A small consolation in the growing COVID-19 crisis is that some of our moderate germophobia has begun to feel like a minor super power. As I got settled for a cross-country flight last week, I took out my hand wipes and did a whole number on the screen, tray table and arm rests, and this time no one looked at me funny. I go to a lot of conferences and trade shows and have to shake a lot of hands (though I’ve taken to the elbow bash in recent weeks) before handling my phone. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average down 872.42(or 3.37%) to 24,9992.36, the S&P 500 slipping 193.41 (6.51%) to 2,778.96, and the Nasdaq off 90.16 or 6.96% at 1,205.58 to start the day. By the time the S&P fell to 7%, trading was halted. Learn more about your ad choices. Visit podcastchoices.com/adchoices

John Oliver slammed Disney-owned Hotstar on Sunday for censoring his show, “Last Week Tonight With John Oliver” in India, saying the local streaming service has edited at least three episodes in recent months. A recent episode of “Last Week Tonight”, in which Oliver criticised the Indian government’s recent policies and its leader, Narendra Modi, never aired on Hotstar.[The same episode is available unedited on YouTube in India. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On Friday, Facebook announced that it would further attempt to limit coronavirus-related chaos on its platform by banning commerce listings and advertisements for medical face masks. “We’re monitoring COVID19 closely and will make necessary updates to our policies if we see people trying to exploit this public health emergency,” Facebook Director of Product Management Rob Leathern said in an update on Twitter. “We’ll start rolling out this change in the days ahead. Learn more about your ad choices. Visit podcastchoices.com/adchoices