United Kingdom  

Trusted News Discovery Since 2008
One News Page
One News Page United Kingdom > News Videos > Starbucks > U.S. stocks slump on coronavirus fears, weaker GDP

U.S. stocks slump on coronavirus fears, weaker GDP

Video Credit: Reuters Studio - Duration: 01:11s - Published < > Embed
U.S. stocks slump on coronavirus fears, weaker GDP

U.S. stocks slump on coronavirus fears, weaker GDP

U.S. stocks edged lower on Thursday, as the coronavirus epidemic fanned fears of a further hit to China's economy, while a mixed batch of earnings from technology firms also weighed on sentiment.

Yahaira Jacquez reports.

0
shares
ShareTweetSavePostSend
 

U.S. stocks slump on coronavirus fears, weaker GDP

Fears over the potential economic impact of the outbreak of the new coronavirus in China rattled markets Thursday as the death toll from the flu-like virus continues to rise.

All three indexes in the U.S. were in the red after Europe also saw a selloff.

And in Asia, stocks tumbled, as some markets re-opened after the Lunar New Year.

The coronavirus has spread to over 15 countries, disrupting global travel and causing several companies to suspend operations in China.

Starbucks shut more than half of its stores in the country this week, while Disney shut its resorts and theme-parks in Shanghai and Hong Kong.

In a Fox News interview, U.S. Secretary of Commerce Wilbur Ross said the outbreak in China could bring jobs back to the U.S. His department on Thursday released GDP numbers that missed the Trump administration's 3% target for the second year in a row.

The U.S. economy grew 2.3% in 2019, its slowest pace in three years.




You Might Like


Tweets about this


Recent related videos from verified sources

DOJ Has Sights Set on Senators’ Stock Sales Before Coronavirus Caused Economic Dive [Video]

DOJ Has Sights Set on Senators’ Stock Sales Before Coronavirus Caused Economic Dive

Members of Congress who sold stocks in the lead-up to the market tanking are set to face an investigation from the Department of Justice. Veuer’s Justin Kircher has the story.

Credit: Veuer     Duration: 01:09Published
East Bay Grocer Live Streams Store Tours To Show What's In Stock [Video]

East Bay Grocer Live Streams Store Tours To Show What's In Stock

An East Bay grocery store owner who tried to calm the fears behind panic buying has become a local celebrity after doing virtual store tours via Facebook live stream. John Ramos reports. (3-29-2020)

Credit: CBS 5 SF KPIX     Duration: 02:32Published
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.