Coronavirus Hits Stocks: Moody’s Warns Of Impact On U.S. Entertainment Companies

have gone dark in a country that rivals the U.S. in global box office revenue; and studios may need to postpone major movie releases, noted Moody’s analyst and senior VP Neil Begley. MGM’s upcoming James Bond film,When the SARS epidemic hit that country in 2004, U.S. studios had few film distribution deals there.

Several Apple suppliers in Wuhan had to close and related businesses around the country have been working shorter hours. He said Apple had to close one of its retail stores and is cleaning the others locations frequently and physically taking the temperatures of employees regularly.It’s unclear how fast the contagion can be contained and since people can spread the virus weeks before having symptoms, steps to reduce exposure are becoming more severe.

“We believe more diversified companies and those with strong credit profiles will likely be able to withstand the temporary impact. Less diversified and more leveraged companies with material exposure may be stretched beyond their capacity to absorb shortfalls and narrowing liquidity as time goes on,” the Moody’s report said.

Moody’s and other credit ratings agencies are meant to help investors determine the risk of putting money in specific companies by assessing creditworthiness, or ability to pay it back. The lower the rating, the more attractive terms companies need to offer to raise cash.

Source: News Formal (newsformal.com)

Only in America do we care about the rich losing money vs the impact this will have on those who lack health insurance. Aka poor/middle class.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus live updates: China says death toll hits 170, while India reports first caseThe White House announced last night that it’s forming a coronavirus task force. “They’re a little behind the eight ball,” University of Pennsylvania’s Dr. Ezekiel Emanuel says. even your guest epidemiologists must be bullish and must pass the other obvious prerequisite.... Anything to distract from facing his misdeeds now on view with impeachment proceedings I often ask 'How can I help?' once I hear the dishwasher start.
Source: CNBC - 🏆 12. / 72 Read more »

Coronavirus live updates: China says death toll hits 213, confirmed cases rise to 9,692China's National Health Commission said there have been an additional 43 deaths and 1,982 new confirmed cases, as of the end of Thursday. seems like a high mortality rate, 2% coming soon near you Yikes! I wonder how fast it will spread in the US 9692 cases in China or global?
Source: CNBC - 🏆 12. / 72 Read more »

China virus outbreak hits global stocks and oil marketsGold gained along with the safe-haven Japanese yen and Swiss franc, as the number of people infected by the virus in a fast-spreading health crisis surpassed 8,100 people globally, more than the total from the 2002-2003 SARS epidemic.
Source: trtworld - 🏆 101. / 63 Read more »

What Happens When Your Sexual Awakening Hits — and You're Already Married'At 32, with only straight relationship experience and less than a year of marriage under my belt, I've grown resistant to the idea of clinging to a certain sexual identity for the rest of my life.' Sex FOMO is real — here's how some women deal with it: ©Please be careful. the Chinese government is lying. An infected person can carry the virus without showing symptoms.
Source: InStyle - 🏆 103. / 63 Read more »

Rival campaigns say Trump Ukraine hits are a warning to BidenAnalysis: In the final days before the Iowa caucuses, Democratic hopefuls trying to take advantage of the former vice president's troubles are carefully walking a tightrope. - jonallendc jonallendc So Biden’s troubles should bring him down but Trump can and will continue to get off scott free. Dems need to run against Trump not each other. None of them are bigger then our country and democracy. jonallendc TheYoungTurks KyleKulinski jimmy_dore justicedems infowars HumanistReport hasanminhaj DNC TheDemocrats SamSeder krystalball RealTimBlack BernieSanders G.Soros Vice Media tried to bring down Bernie in a sit-down interview Expose the media bias jonallendc Biden was involved in delivering $1.7 billion in cash to our enemies, selling 20% of our uranium to Russia for personal gain, selling guns to Mexican cartels, using the FBI and the IRS as weapons against Trump and his followers. He knew Hillary's dossier was a lie and when along
Source: NBCNews - 🏆 10. / 86 Read more »

Elizabeth Warren’s Dog Hits the Campaign Trail While She’s Away at Trump’s Impeachment TrialElizabeth Warren's Dog Hits the Campaign Trail While She's Away at Trump's Impeachment Trial Keep it away from Mayor Pete I'd vote for the dog before I'd vote for Elizabeth Warren.
Source: people - 🏆 712. / 51 Read more »