AUSTIN, TEXAS - American consumers awoke this week to the coronavirus threat and are beginning to display a symptom of the illness seen in Asia and Europe - hoarding.
Mr McKnight worked in Hong Kong and China during the Sars outbreak and knows first-hand the stresses that snowballing fears of a pandemic can cause, but said he is not panicked. Several major retailers - including Walmart and Target - stand to see supply chains badly hit by the coronavirus and that could result in some empty store shelves starting in April, Mr Ed Kelly, an analyst at Wells Fargo Securities, wrote in a research note this month.
"We should have one unified message," said Professor Robyn Gershon, a clinical professor of epidemiology at New York University."When there's an absence of a good, strong and reassuring official voice, people will get more upset and start doing this magical thinking."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US spy agencies monitor coronavirus spread, concerned about India: SourcesWASHINGTON (REUTERS) - US intelligence agencies are monitoring the global spread of coronavirus and the ability of governments to respond, sources familiar with the matter said on Thursday (Feb 27), warning that there were concerns about how India would cope with a widespread outbreak.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Think the S&P 500 is in bad shape? Its components look worseWall Street's worst week since 2008, sparked by fears about the fast-spreading coronavirus, has left almost half of the S&P 500's stocks in bear ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Walt Disney closes all theme parks in Asia on coronavirus concernsTOKYO (REUTERS) - Tokyo Disneyland will be closed from Saturday (Feb 29) to March 15 due to concerns about coronavirus infections spreading in Japan, its operator said on Friday, leaving all of Walt Disney Co's theme parks in Asia temporarily shut.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore market plunges amid global bloodshed on virus fearsFears that the coronavirus outbreak could turn into a worldwide pandemic sparked panicked selling across the region yesterday.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Tesla shares slump as coronavirus hits China car registrationsShares of Tesla Inc fell as much as 14per cent on Thursday on concerns about the impact of the coronavirus on the electric-car maker's vehicle ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Facebook cancels annual developer conference amid coronavirus fearsFacebook Inc said on Thursday it would cancel its annual developer conference, F8 2020, amid rising concerns of the coronavirus outbreak.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »