Good morning from the Financial Times. Today is Thursday, April 9th. This is your F.T. News briefing.

We are now some 300 delegates behind Vice President Biden, and the path toward victory is virtually impossible.

Yesterday, Bernie Sanders dropped out of the 2020 U.S. Democratic presidential primary race.

It clears the way for former vice president

Joe Biden to become the party's nominee and take on Donald Trump in November.

Meanwhile, nearly 2,000 people died in the US on Wednesday due to coronavirus.

More than 14,000 Americans account for over a quarter of the COVID-19 deaths around the world.

Despite those numbers, US stocks were up at the close yesterday in anticipation of a

peak in infections but Wall Street banks are urging investors not to get their hopes

up too soon. Plus I'll take a look at the ongoing

dispute between Italy and the Netherlands when it comes to Europe's

economic response to coronavirus and how Singapore is fighting its third wave

of infections. I'm Mark Filipino and here's the news you

need to start your day.

On Wednesday US stocks were up with the S&P 500 closing up nearly 3.5%.

Now, this is notable because a little more than two weeks ago, the index was at rock bottom.

Since that point on March 23rd, it's ago, the index was at rock bottom.

Since that point on March 23rd, it's been climbing almost as intensely as it fell during the

initial shocks of the coronavirus pandemic.

The hope is that the outbreak could be reaching its peak in some of the worst hit parts of the world and it's causing a rush back into stocks

But strategists on Wall Street aren't so gung home

They're warning investors to brace for a new wave of

...