Stock market has it's lowest week since 2008 recession all thanks to coronavirus

The stock markets are the latest victim of the coronavirus, giving it the lowest week it's had since the 2008 recession.

The coronavirus is affecting more than just people.

At 5 o'clock we told you the stock market has dropped nearly 400 points today.

Experts say it's the worst hit the market has taken since the 2008 recession.

The virus is even affecting oil and gas prices.

News 10's richard solomon joins us now live from a local gas station.

He shares more on how the oil industry has been hit by the virus.

Right now gas prices are low you've seen prices like this you've seen low gas prices are right now virus.

Been hit by the virus.

Right now gas prices are low you've seen prices like this around town..

But dr. tar-ek zaaa-her says this isn't a good sign.

He says...what's happening...is the demand of oil is falling.

The professor at indiana state says china is the most oil consuming country in the world... where the outbreak started.

The quarantine has kept people from driving or flying...or working.

This year "u-s crude" is around $48 a barrel.

That's much lower than last year's nearly $64 amount.

Dr... zaa-her and others say this is a frightening sign.

"it's not effecting, in the end of the day, the consumer it's effecting the owners, the corporation more than anything.

But if demand is an issue we'll see a huge increase in prices /// if this continues you could see a stand still.

Where you're definetly going to have a recession.if this keeps spreading that means we're going to come to an international slow down " dr. zaa-her says the federal reserves may step in and be a safety net.

He hopes to see the stock change for the better next week.

Reporting live in vigo county richard solomon news 10 back to you.

The c-b-s evening news will continue evening news the