🚨Coronavirus Special Report Friday🚨
– @Wharton's Jeremy Siegel on economic implications
– @Economics_MA on impacted industries
– @JackMorton on event cancellations
– @DrMarcSiegel on medical aspect
– @RoadDogTrucking on impact of shipping
– @JenSaidIt on market reaction
— Wharton Business Daily (@WhartonBizDaily) March 5, 2020
As the coronavirus crisis continues to unfold around the world, medicine and travel aren’t the only industries being impacted. From the stock market to shipping, the economy is feeling the effects from virtually all angles and SiriusXM Business Radio (Ch. 132) is joining the conversation to talk fact vs. fiction — which you can hear On Demand now.
During the Wharton Business Daily Special Report on Coronavirus, host Dan Loney walked through the coronavirus by the numbers (global cases, deaths according to the World Health Organization, U.S. research funding, oil prices, stock market progress, and more) before teaming up with professionals from various fields speaking to just how the virus is affecting their respective worlds.
Wharton Finance professor and weekly Behind the Markets co-host Jeremy Siegel joined Loney to talk about all things Wall Street, including the projected long-term impact on earnings and likelihood of a mini-recession. While Siegel expects a “bad” 2020, he’s also predicting a bounce back in 2021 given stocks’ dependency on profits over 12 months out. Mark Zandi, Chief Economist at Moody’s Analytics, also offered his expertise to discuss the need for fiscal policies to aid businesses and people unable to work.
The special also touched on the cancellation of countless public events and conferences, causing both cities and companies to take major financial hits. Chairman and CEO of brand experience agency Jack Morton Worldwide Josh McCall weighed in on the effects that the company has been experiencing as postponements and the like become more widespread. However, for those looking forward to events that may be further out, he does acknowledge a semblance of a return to business in Hong Kong in mainland China and remains hopeful that it speaks to a larger forthcoming trend.
Another industry hurt by coronavirus? Supply chain. Road Dog Trucking (Ch. 146) host Mark Willis called in from Dallas to share stories of reassurance throughout the trucking community. With the big Mid-America Trucking Show in Louisville, Kentucky coming up later this month, organizers have been focusing on both encouragement and prevention while assuring attendees that they plan to proceed as usual.
On the medical side, Doctor Radio (Ch. 110) Medical Director Marc Siegel provided updates on the progression of the virus while debunking myths about preventing its spread. Siegel has been an integral part of SiriusXM’s continuing coronavirus coverage for listeners, including multiple specials and a dedicated channel (featuring a 24/7 hotline, expert advice, and consistent updates).
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