Coca-Cola is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%.
That's contrary to the conventional Street wisdom which ties the low rates and money-printing to a market bull run that is less than a month away from its 11th anniversary
Despite market expectations for up to two cuts this year, Bostic said that unless there's a significant shift in economic performance, the Fed should stay put.
Despite gains, the president of the French Association of Wines and Spirits Exporters expressed concerns that 2020 would be a difficult year for the industry.
Cases in South Korea have grown by about two-thirds in recent days, according to health officials there, and the country reported its first death caused by COVID-19.
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