|▼ U.S. NEWS ▼|
|Neo-Nazi charged in 'swatting' scheme that targeted ex-DHS chief Kirstjen Nielsen|
|Wed, 26 Feb 2020 14:26:00 -0500|
|Tennessee mom and grandmother of missing 15-month-old now in same jail|
|Wed, 26 Feb 2020 14:24:16 -0500|
|U.S. consumer spending could see one-two punch from stocks drop, coronavirus|
|Wed, 26 Feb 2020 14:23:59 -0500|
The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt. Economists now see the virus, its effect on markets and its potential to dampen consumer confidence as the biggest risk to a record-long economic boom. "The tightening of financial conditions I think is really the key game changer in this outbreak," said Gregory Daco, chief U.S. economist for Oxford Economics.