Google on Friday said its Google I/O 2020 developer conference will no longer take place in any capacity because of the spread of coronavirus. It originally been moved to an online event.
Alvine Capital's Stephen Isaacs said the coronavirus crisis is "unprecedented" since there were already record levels of leverage and overbought stocks.
Businesses including condom-makers, gin producers and food manufacturers are seeing consumers react in different ways as they self-isolate or reduce social contact.
"You can count on one hand the number of times we've been this oversold," says a Fidelity analyst, who compared the recent volatility to extreme downturns in the past.
Both Burr and Loeffler have received non-public information about the global spread of coronavirus from Executive Branch officials, who have been briefing senators regularly since at least January.
European banks are under intense pressure as the coronavirus halts all major economies, at a time when these institutions were still struggling with the legacy issues of the 2008 financial crash.
Los Angeles issued a "Safer at Home" emergency order, meaning residents must "immediately limit all movement outside of their homes beyond what is absolutely essential," Mayor Eric Garcetti said.