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The Coronavirus And The Economy. How Concerned Should We Be At This Point?




Traders work on the floor of the New York Stock Exchange (NYSE) on March 03, 2020 in New York City.
Traders work on the floor of the New York Stock Exchange (NYSE) on March 03, 2020 in New York City.
Spencer Platt/Getty Images

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The novel coronavirus, first reported in China, has stifled China’s economy. According to the Wall Street Journal, the country is struggling to get back to work following rigid reactions to the viral outbreak, including quarantines and city shut downs. As of this week, COVID-19  has sickened more than 95,000 people and more than 3,000 have died. California reported its first death this week, an eldely patient near Sacramento in Placer County. 

The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to impact tourism and disrupt manufacturing chains in parts of the United States. It’s still very unclear how the coronavirus will impact the U.S. economy overall. But economists are warning the economy is at risk, and experts say the impact could be wide reaching. And the housing market is not immune to concerns. Today on AirTalk, we discuss what the spread of the coronavirus in the U.S. could mean for the economy. Do you have thoughts or questions? Join the conversation by calling 866-893-5722.

With files from the Associated Press

Guests:

Justin Lahart, reporter for the Wall Street Journal focusing on financial markets, policy and the economy; he writes for Heard on the Street, a long running investing column; he tweets @jdlahart

Jonathan Lansner, business columnist for the Orange County Register; he tweets @jonlan