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Yahoo Finance's Friday morning wrap

Airlines face $170 billion hit. Source: Getty

Good morning.

Here’s everything you need to know in finance today.

The ASX is poised for falls of more than two per cent, after US markets fell following a rise in the number of coronavirus cases.

The Aussie dollar was buying 65.92 US cents at 0700 AEDT on Friday, down from 66.28 as the market closed on Thursday.

Stimulus package in the wings: Prime Minister Scott Morrison is putting together a multibillion-dollar stimulus package as coronavirus takes its toll on the Aussie economy.

Coronavirus could cost airlines $170 billion: Airlines are expected to lose around US$113 billion (AU$170 billion) in revenue this year, as coronavirus continues to spread, the International Air Transport Association has revealed.

WHO says ‘pull out all the stops’: The World Health Organisation has warned governments this is “not the time for giving up”, and asked them to act on any and all plans to stop the spread of the virus.

Just how bad is it? Take a look at how the coronavirus compares to SARS, Ebola, influenza, measles, smallpox and MERS on this chart.

Warren pulls out of race: Elizabeth Warren has dropped out of the Democratic presidential race on Thursday after she failed to win a single Super Tuesday state - not even her own.

Warren is yet to endorse anyone, saying she needed “some space” and “a little time”.

How woman’s hobby turned into $600k in sales: Victorian snow globe maker Leah Andrews hit the big time when she received a call from actor Steve Martin, who asked her to make him a snow globe to commemorate winning an AFI award.

Years - and hundreds of thousands of dollars in sales - later, she’s the Queen of Snow Globes.

Have a great day.

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