421 different global companies have so far indicated that the fast-spreading coronavirus in China could negatively impact financial results for the first quarter, according to data from natural language processor Amenity Analytics.
Of all the companies warning about negative effects of the coronavirus on business, Yum China—one of the largest fast-food operators in the country, with brands like Pizza Hut, Taco Bell and KFC—spoke about the disease the most, mentioning it no less than 45 times during its earnings call. Cruise line operators, which have largely struggled as the virus takes a toll on the global tourism industry, spoke about the impact on scheduled voyages: Royal Carribean Cruises, for example, mentioned coronavirus 22 times on its call. The coronavirus has by now infected more than 31,000 people worldwide and killed 636, though the WHOBig number:
Apple, Nike, Mcdonalds and Starbucks close their stores in China. 394 US companies have forecasted a business downfall due to the impact of coronavirus. 6029 SOPHIA33277
The market reaction until now has been insanely blasé. Bitch, the world’s factory is at an indefinite standstill.
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