• Bill Gates: “The world needs to prepare for pandemics the same serious way it prepares for war.” (2018)
• At least 25 countries have reported cases of Covid-19.
• China was in the midst of a trade war with the U.S before the Coronavirus outbreak.
• This occurred right before the Chinese new lunar year travel season where 100s of millions of Chinese travel home to their families which in turn benefits the Chinese economy. It is a very important time of the year for businesses to hopefully make it into the black.
• At least 10 cities have been shut down in the Hubei province and citizens must stay home which means all businesses in these cities cease operations. The economy is at a standstill but the people are still spending money to survive. 
• Chinese government discouraged large gatherings.
• Business and factories closed in at least 24 provinces after Chinese government extended lunar new year holiday, children not in school. These areas account for more than 80% of china's GDP and 90% of its exports so economic standstill really hurts the economy.
• Thousands of flights from non-chinese airlines have been canceled to china because of the virus. It halts the tourist industry of over 59 million tourists a year.
• Disney parks Closed in China Disney expected to take 175 mil hit. 
• In 2019 the twenty-day period starting at the eve of the lunar new year made the Chinese box office over 1.5 billion dollars. In 2020 the same twenty-day period grossed 3.9 million dollars. 
• Covid 19 has isolated the world’s largest population and second-largest economy from the rest of the world. 
• Shipping activity has dropped 20% and oil prices have fallen worldwide.
• Nissan, Honda, Apple, and Nike (all large businesses with huge economic impact) all operate large scale factories and generate lots of business in China.
• China is 15% of the world’s GDP. 
• Asian countries are very Impacted because they are reliant on China, Vietnam, Japan, Thailand
• IHS Markit says “any slowdown in the Chinese economy sends not ripples but waves across the globe”. 
• Some financial advisors say that China could enter a recession.
• The Dow Jones has gone down 1,200 points on Thursday. These were the worst four days since the 2008 financial crisis. 
• From February 20th to February 27 the Dow Jones dropped 13% likely due to the coronavirus.
• The CDC said the Coronavirus would likely spread to the US it was now a matter of when.
• Capital Economics in London has stated that the economic consequences of the  Coronavirus “could be as bad as those of the global financial crisis.”
• You could shut down production in the US by shutting down production in China
• The government of Italy shut off Northern parts of Italy Regions, Lombardi Region. This area accounts for ⅓ of Ital’ys production of goods.
• When coronavirus spreads we will see sporadic closures of huge regions to prevent the spread.
• With the CDC preparing for an outbreak in America, analysts are worried about an additional threat to our economy with halts in the financial business and everyday life.
• Wall Street investors are on edge because it is unclear when the global health emergency will die down.
• US and chinse financial markets are inherently connected. 

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