A majority of respondents to a flash survey of the CNBC Global CFO Council have seen some effect, either through supply or demand, to their businesses as a result of COVID-19.
90% of companies tell CNBC they have restricted employee travel; 62% say they have allocated more resources to virtual work; and 75% say they are instructing employees about health and hygiene. Just under 22% of companies have seen a supply impact, but it could get worse: 37.5% of CFOs surveyed indicated it is still too soon to know.
The Trump administration needs to get ahead of the outbreak. VP
I’m not sure who needs to hear this but the world conducted commerce before flu shots.
Even so, Trump struck an optimistic tone Wednesday evening during a White House news conference. “We’ve had tremendous success, tremendous success beyond what many people would’ve thought,” Trump said. “We’re very, very ready for this.”