While the stock market is getting hammered over coronavirus concerns, the bigger impact will likely be at the local level, where hourly employees can't work from home.
on Thursday, before rallying to close the week, as investors feared the prevalence of "social distancing" will result in an economic shutdown.
Since the middle of January, foot traffic has dropped between 75% and 80%, Chan said. Last week, CNBC spent two hours with Chan at the store, starting at its 9 a.m. opening. During that time, only a dozen visitors entered.in the U.S. had topped 1,700, and deaths exceeded 40. California had the third-highest number of cases by state, behind Washington and New York.
Binioris, who's been managing the restaurant for about eight years, said he normally serves a lot of students from nearby Columbia University, but much of that business could disappear now that the college has gone tofor the time being. Another source of traffic is tourists, mostly from Europe, who come to the neighborhood to visit the Cathedral of St. John the Divine. Not anymore.
"The complicated thing is, if they get sick, they're going to have to show physician support for that illness. But if the hospital system is backed up to the point that they can't get tested and they can't get treatment, then how can I file my paid sick leave complaint?" he said. "I will honor their paid sick leave but it's not going to be easy. It's not going to be clear. Things are going to be very confusing.
But while A1 Market and Lytt are the types of businesses that can manage through a health crisis, the broader economic picture is gloomy.of more than 1,000 people through March 31, effecting largely sporting events and concerts. For Another Planet Entertainment, the news was devastating.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
From Pandemic to Social Distancing: A Coronavirus GlossaryWhen is an epidemic considered a pandemic, and what is the difference? What do health officials mean when they recommend "self-quarantining" or "social distancing"?As the coronavirus spreads around the world, new terms are entering the lexicon -- and we&39;re here to help. Here&39
Baca lebih lajut »
Concert Promoters Consider Liability With Coronavirus CancellationsWith festivals and concerts announcing cancellations in rapid fire due to fears over the spreading coronavirus, promoters and venues are leaning on their legal teams to assess financial risk.
Baca lebih lajut »
Social Distancing Is A Must To Slow Spread Of CoronavirusWhen do we all just stay home?
Baca lebih lajut »
AMC Theatres announces 'social distancing' measures to slow the spread of the coronavirusAMC Theatres announces ‘social distancing’ measures to slow the spread of the coronavirus Story:
Baca lebih lajut »
'We need a social life' - French stick to cafe culture despite coronavirusAt lunchtime in a busy Paris restaurant area, hundreds of people are soaking up ...
Baca lebih lajut »
These L.A. restaurants are temporarily closed during the coronavirus pandemicAll four Centenoplex restaurants (Orsa & Winston, Bäco Mercat, Bar Amá and Ama Cita) are now delivery-only
Baca lebih lajut »