, hit in part by the virus outbreak and its potential spread to other Asian markets. China is the largest market for KFC and the second largest for Pizza Hut. "While Yum's business model is highly diversified such that the impact on our financial performance will not be as significant what many companies will experience, this will certainly be a headwind for 2020," CEO David Gibbs said. Yum shares moved lower after Gibbs' comments, and were trading down 2.
said Thursday that the majority of its shops in mainland China are currently closed. Tapestry said it is expecting sales during the second half of this year to be between $200 million to $250 million lower due to the closures and the coronavirus outbreak. It said its profits could be reduced by 35 cents to 45 cents per share. If the outbreak spreads, Tapestry said the financial impact could become worse, too.
Will probably help the US in terms of the deal...but trade itself is already suffering.
the nCov outbreak could be used as a tactic pushing the US/ Trump to remove all tariffs on china.
Who would believe this guy? He's such a slime ball of greed, and quite an ugly fellow too.
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:
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.
ABC News @ABCHAPPENING NOW: Chinese consul general in New York gives update on coronavirus situation in China. delinquent juvenile adult still no poop & scooping along with gross violating plastic litter , other garbage out back of condo west humber river ravine Had sars here to. maybe bio-terrorist related drug gangs Tibet/china time line poop&scoop b.c. buds royal raga rasa traffickers We need to wrap u up and shoot u str8 back to china
Source: ABC - 🏆 471. / 51 Read more »
Stock market live updates: Futures up big, coronavirus-related names bounce, Tesla fallsLive updates of what's moving the market, including the latest on the coronavirus and Tesla. Central bank stimulus...same as every day. Hint: CNBC either has no clue what is moving the market or they don't want to admit that the Fed has artificially suppressed interest rates (and continues to do so) in what appears to be a good economy. But hey...coronavirus.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Dow futures up 100, Twitter soars, Coronavirus names reboundNew for subscribers: Stock market live updates: Dow futures up 100, Twitter soars, Coronavirus names rebound Check out CNBCPro and get your first 30 days free.
Source: CNBC - 🏆 12. / 72 Read more »
White House adviser says coronavirus will delay China trade deal purchases | Markets InsiderWhite House economic adviser Larry Kudlow said Tuesday that the rapid spread of a novel coronavirus would delay a key term of the phase-one trad... Sounds like failure to me Is Kudlow still alive ?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus will hurt China's economy more than SARS and lower its growth for 2020, economists warnThe epidemic hit Chinese markets hard on Monday amid fears the disease could harm long-term growth in the world's second-biggest economy. unless ur a blue mask company Ok mais dans tous les cas il faut être cohérent Ça leur donnera un temps de pose pour déterminer et recentrer leurs industries Produire de tout et n'importe quoi n'est pas nécessaire Les jouets McDo par exemple sont inutiles L'enfant n'a pas besoin de reward pour manger
Source: Newsweek - 🏆 468. / 52 Read more »
Coronavirus live updates: China's Hubei province reports 70 additional deathsAs of Wednesday, more than 19,600 cases of coronavirus have been reported in China's Hubei province, resulting in 549 deaths. Imagine liking this tweet 😔 whats going on here? how come only Hubei has deaths (except for the measly 2 at Henan).
Source: CNBC - 🏆 12. / 72 Read more »