Princess Cruise Lines is offering passengers a 100% refund

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Princess Cruise Lines is offering passengers a 100% refund
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Princess Cruises is offering thousands of stranded passengers on the Grand Princess cruise ship a full refund, according to a letter sent to guests by the cruise line on Sunday.

Global stocks are falling and bond yields are sinking worldwide. Markets had been in dire straits due to fears surrounding the spread of the novel coronavirus, but Saudi Arabia'sand start a price war with Russia appears to have caused a massive global stock selloff.

In US markets, the S&P 500 futures plunged by as much as 5% Sunday evening, triggering a limit that prevents futures from trading below that mark. Dow futures fell more than 1,200 points, or about 4.9%, and Nasdaq Composite futures were down 4.8%.who have contracted the novel coronavirus Forty-nine of those cases have been repatriated from abroad, according to the CDC -- three from Wuhan, the epicenter of the global outbreak, and 46 who were aboard the Diamond Princess, a cruise ship in Japan where hundreds were infected.

Two legislators, Republican Rep. Paul Gosar and Texas Republican Sen. Ted Cruz, announced Sunday that they are both self-quarantining after coming into contact with an individual at theWashington state in the Pacific Northwest remains the hardest-hit region. Leaders there are grappling with an outbreak at Life Care Center nursing home in suburban Seattle, where at least 16 people have died, the county health department said.

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