Coronavirus: What Are the Markets Watching?

Published: Feb. 11, 2020, 10:50 a.m.

In this week’s WashingtonWise Investor, Mike is joined by Randy Frederick, vice president for trading and derivatives at the Schwab Center for Financial Research. They reflect upon the coronavirus, assessing the breadth of disruption to the global economy from factory closings, travel bans, and shuttered businesses; the likely impact on the recent Chinese trade agreement; and how global markets are responding to ongoing revelations. They also discuss what’s different this time from past public health emergencies, such as SARS, and consider the current U.S. policy response.

With the impeachment trial over, Mike shares insights on what to expect as Congress refocuses on the legislative agenda, including infrastructure spending. He also previews the Fed chair’s testimony before Congress and the start of hearings on two Fed nominees. In his Election 2020 coverage, Mike considers what happened at the Iowa caucuses and what the outcome could mean for Democratic contenders, as well as how a change in the debate rules may result in a new face on the stage.

Read the Jeff Kleintop article about the global response to pandemics that Mike and Randy mention.

Watch the time-lapse video of a Wuhan hospital being built in just 10 days.

Follow Mike Townsend and Randy Frederick on Twitter @MikeTownsendCS and @RandyAFrederick.

WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.

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