The US Stock market and other financial indicators are falling today due to the Wuhan virus concerns in China that had vast area’s of that country cut off from the world….
Additional cars have begun turning up in America and around the planet…
The closures in China could have a ripple effect in stopping commerce and travel from those regions which could cause product shortages around the world…
China’s economy was already suffering due Trump’s trade war and other factors….
Stocks and oil prices tumbled on Monday, as the spread of a dangerous virus in China raised investor worries about the global economy, just as it was beginning to emerge from a cloud of uncertainty related to the trade war.
The sudden appearance of the coronavirus, which has killed at least 80 people in China and infected others around the globe, pierced a calm that had settled over financial markets in recent months.
The S&P 500 dropped more than 1.5 percent in early trading, which would be its worst loss of the year and the steepest fall since early October.
Stocks with close ties to the Chinese market or the travel industry — or both — bore the brunt of the selling. American Airlines fell more than 4 percent in early trading, and Wynn Resorts, which operates casinos in Macau, a special administrative region of China and a gambling haven for Chinese high rollers, tumbled more than 9 percent….
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The arrival of the outbreak at a crucial period for Chinese business could complicate official plans to reinvigorate growth in the world’s second-largest economy in the aftermath of the trade-war tensions of the last two years….
Note….
A vaccine for the virus could be more than. 6 months away…
Mike Leavitt former Utah Governor and Sec of HHS