coronavirus pandemic

What Americans think about President Trump’s response to the coronavirus pandemic

In this special edition of the podcast, with Brookings Senior Fellows Bill Galston and Elaine Kamarck discuss President Trump’s handling of the coronavirus pandemic, his administration's response, and public opinion on that response. Also, what effect will the crisis and response to it have on the election in November? Galston is the Ezra K. Zilkha…

       




coronavirus pandemic

On April 8, 2020, Tanvi Madan discussed the implications of the coronavirus pandemic for the Sino-Indo bilateral relations with ORF

On April 8, 2020, Tanvi Madan discussed the implications of the coronavirus pandemic for the Sino-Indo bilateral relations via teleconference with Observer Research Foundation.

       




coronavirus pandemic

Pandemic politics: Does the coronavirus pandemic signal China’s ascendency to global leadership?

The absence of global leadership and cooperation has hampered the global response to the coronavirus pandemic. This stands in stark contrast to the leadership and cooperation that mitigated the financial crisis of 2008 and that contained the Ebola outbreak of 2014. At a time when the United States has abandoned its leadership role, China is…

       




coronavirus pandemic

Webinar: Protecting elections during the coronavirus pandemic

As the coronavirus outbreak spreads throughout the country and containment measures are implemented by authorities, every facet of American life has been upended—including elections. Candidates have shifted their campaign strategies toward more television and digital engagement, rather than crowded in-person rallies; Democrats delayed their nominating convention to a later date in the summer; and many…

       




coronavirus pandemic

The impact on Nigeria of the coronavirus pandemic: socioeconomic pandemonium!

It would be hell if the Covid-19 breaks out in Nigeria on the scale presently being witnessed in Europe and the US. Apart from the dire state of the healthcare system, 69 million Nigerians have no access to clean water. This invariably leads to water-borne diseases like cholera, which continue to break out as regular epidemics. Social distancing and self-isolation presuppose that people have enough space. In Lagos where we have over 100 slum areas, about 80 people can be found sharing a 10-room building with only two toilets and a bathroom being shared by all with no pipe-borne or treated water readily available.




coronavirus pandemic

Former Ford CEO on what to expect from auto sales amid coronavirus pandemic

Mark Fields, senior advisor at TPG Capital and former CEO at Ford, joins "Squawk Box" to discuss how the auto market is weathering the Covid-19 pandemic.




coronavirus pandemic

WHO says 'there can be no going back to business as usual' after coronavirus pandemic

WHO warned there can be "no going back to business as usual" following the coronavirus pandemic, which has upended economies and wreaked havoc on nearly every country.




coronavirus pandemic

Elon Musk says coronavirus pandemic is 'practice run' for future viruses

Musk has been a vocal critic of how government and health officials are reacting to the coronavirus pandemic that's killed at least 73,431 people in the United States.




coronavirus pandemic

Kroger CEO: Customers will have meat during the coronavirus pandemic, so long as they are 'flexible'

The supermarket chain executive said Kroger is working with new meat suppliers and diverting meat that would have gone to restaurants to try to stay in stock.




coronavirus pandemic

Kohl's CEO: Our real estate is an asset emerging from the coronavirus pandemic

Kohl's announced Thursday morning that it plans to have 25% of its stores reopened by next week.




coronavirus pandemic

The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic

Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages.




coronavirus pandemic

NYC real estate market under pressure as coronavirus pandemic halts sales

New York City is the nation's largest real estate market, and the pandemic has caused a number of deals to go bust. CNBC's Robert Frank reports.




coronavirus pandemic

Ford and 3M begin shipping respirators to front-line health workers fighting coronavirus pandemic

About 90 United Auto Workers union members have assembled more than 10,000 respirators at a Ford plant near Flat Rock, Michigan.




coronavirus pandemic

This skincare company saw record sales in April even as coronavirus pandemic ravaged retail

The rise of virtual hangouts and work meetings hasn't been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But the clean beauty market has been a bright spot.




coronavirus pandemic

This realtor became a trucker after the housing crisis and now pulls in six figures during the coronavirus pandemic

April Coolidge used to work in real estate but now she makes more money driving a truck than she ever did selling houses.




coronavirus pandemic

State Department quietly begins reopening amid coronavirus pandemic

The plan, entitled "Diplomacy Strong," includes policies on travel, telework, face coverings, as well as social distancing requirements for common spaces such as cafeterias.




coronavirus pandemic

Fed surprises market with program to support corporate bonds amid coronavirus pandemic

Under a program called the Secondary Market Corporate Credit Facility, the Federal Reserve will buy corporate bond and exchange traded funds.




coronavirus pandemic

United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic

United Airlines had reported a first-quarter pretax loss earlier this month.




coronavirus pandemic

Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump

Peloton's revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home during the coronavirus pandemic.




coronavirus pandemic

The coronavirus pandemic is a 'crisis of trust' for consumers: Majid Al Futtaim CEO

It's going to be a "very difficult" period for the Middle East given coronavirus pandemic, but this could be a "golden opportunity" for economies to implement reforms and become more resilient, says Alain Bejjani, CEO of Majid Al Futtaim.




coronavirus pandemic

Op-ed: Investors will reward companies that take care of others in the coronavirus pandemic

Acts of charity, compassion, and creative generosity may resonate with investors increasingly drawn to socially responsible investing.




coronavirus pandemic

'It's a new planet overnight': New York City businesses hit hard by coronavirus pandemic

New York City businesses are struggling to make money and retain workers as the coronavirus continues to inflict economic pain.




coronavirus pandemic

Op-Ed: It's not time to panic, it's time to plan your finances during coronavirus pandemic

Proactive planning can aid you in achieving short- and long-term financial needs and goals, especially in times of hardship like the current coronavirus pandemic.




coronavirus pandemic

Watch CNBC's full interview with Kroger CEO Rodney McMullen on food supply amid coronavirus pandemic

Kroger chairman and CEO Rodney McCullen joins "Squawk on the Street" to discuss reopening the economy, keeping store shelves stocked and more.




coronavirus pandemic

Barrick Gold CEO Mark Bristow on gold demand amid coronavirus pandemic

Mark Bristow, CEO of Barrick Gold, joins "Squawk Box" to discuss reopening the U.S. economy, demand for gold during the coronavirus pandemic and what the "new normal" may look like after the crisis ends.




coronavirus pandemic

Hilton CEO on navigating coronavirus pandemic as crisis hits hotel industry

Chris Nassetta, president and CEO of Hilton, joins "Squawk Box" to discuss company earnings, navigating the coronavirus crisis and more.




coronavirus pandemic

How health savings accounts have adjusted for the coronavirus pandemic

Health savings accounts, or HSAs, will cover Covid-19-related testing and treatment, among other things.




coronavirus pandemic

Designer Rebecca Minkoff's advice for small businesses trying to survive the coronavirus pandemic

As co-founder and creative director of her own fashion line, Rebecca Minkoff understands the current struggles small-business owners are now facing — especially women. Here's her advice on how to survive.




coronavirus pandemic

Big Ten commissioner on the future of college sports amid the coronavirus pandemic

Kevin Warren, Big Ten commissioner, joins 'Power Lunch' to discuss the future of college sports and what will weigh into the decision on allowing college sports to return.




coronavirus pandemic

Economist Thomas Piketty: Coronavirus Pandemic Has Exposed the "Violence of Social Inequality"

As nearly 30 million Americans have filed for unemployment in just six weeks and millions worldwide face hunger and poverty, we look at the global economic catastrophe triggered by the pandemic and its impact on the most vulnerable. As the World Food Programme warns of a massive spike in global hunger and more than 100 million people in cities worldwide could fall into poverty, can this crisis be a catalyst for change? We ask French economist Thomas Piketty. His 2014 internationally best-selling book, "Capital in the Twenty-First Century," looked at economic inequality and the necessity of wealth taxes. His new book, "Capital and Ideology," has been described as a manifesto for political change.




coronavirus pandemic

Maskaba: Here's how Masaba Gupta is helping the police personnel during coronavirus pandemic

She may have dressed up the biggest Bollywood names in her unique designs but nothing has given Masaba Gupta as much joy as making face masks for frontline warriors. She has created a line of non-surgical reusable masks, Maskaba, for police personnel in appreciation for working tirelessly for the well-being of citizens during the pandemic. The rest can shop from the Maskaba collection, online. For every mask sold, the designer will donate one to charity. We like.

The designer has dished out an initiative called Maskaba in the most stylish manner. While the pandemic has brought all operations at House of Masaba at a halt, the designer and actress is keeping her business ship afloat in these testing times quite creatively.

Sharing details of the same on Instagram, Masaba also stated that while executing this idea all hygiene and safety standards are being kept in mind. These stylish masks are being made from fabric that was meant for garments, and are washable and reusable. A team of three workers who are staying at the same production facility are making these masks.

Apart from this, Masaba is also posting motivational content on her Instagram handle. 

Masaba also shared a collage of the women working for House of Masaba. In the picture, nine women can be seen standing with placards that reads: We're all in this together. Let's flatten the curve. Although Masaba didn't feature in the post, she captioned it: Some of the incredible women at House of Masaba - reminding us that the only way to stick together right now...is to stay apart.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




coronavirus pandemic

Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know

Posted by Equitymaster
      

Coronavirus fears have spooked the investors worldwide with BSE Sensex and NSE Nifty falling over 25% this month, in line with many other global indices.

After sharp corrections in three trading sessions on March 9, March 12, and March 16 by 5.1%, 8.1% and 7.9% respectively, the Sensex crashed by an overall 22% this month.

Let's dive a bit deeper and look at how the impact has been on individual sectors...

  1. While all sectoral indices are in a sea of red since the outbreak of coronavirus, here's a look at the worst hit sectors since coronavirus outbreak:
    Sector Since 1 March (%) Since 1 Jan (%)
    BSE Metal -30% -45%
    BSE Bankex -31% -37%
    BSE Oil & Gas -24% -36%
    BSE Auto -24% -36%
    BSE Finance -30% -36%
    BSE Realty -31% -36%
    BSE Capital Goods -25% -33%
    BSE Power -22% -32%
    BSE Basic Material -26% -32%
    BSE Consumer Discretionary -24% -28%
    BSE IT -25% -27%
    BSE FMCG -18% -22%
    BSE Consumer Durables -24% -20%
    BSE Healthcare -15% -15%
    BSE Telecom -18% -14%
    *Note that prices are as on 19 March 2020
  2. As you can see in the table above, metal sector has been hit the worst on year-to-date (YTD) basis. Note that, the sector has been witnessing selling pressure since last two years. The coronavirus situation has only exacerbated the situation.
  3. Another sector that is largely impacted is banking and NBFCs. After being the most preferred in the Indian equity indices for over half a decade, things have changed for stocks in the financial sector. In India it is a double blow for financial sector in the form of YES Bank fallout and prolonged slowdown which increased the chances of credit quality deterioration.
  4. To put things into context, foreign institutional investors (FIIs) were heavily positioned in the Indian financial space, and stocks in the sector witnessed maximum inflows during good times. Downward spiral for financial sector began since IL&FS crisis.

    Both, BSE Bankex and BSE Finance Index have plunged over 30% since the beginning of the month.
  5. Shares of most hotel, leisure and airline firms have tumbled over 60% year-to-date, as the coronavirus outbreak across the world has forced people to cancel vacation plans. India also stand to lose foreign tourists due to the entry restrictions that have been put in place. And this has meant things getting worse for hotels and airlines sector.
  6. Out of the 90 stocks listed on BSE from tourism, hospitality and film distribution segments, only 15 have given positive returns YTD.
  7. Another sector that's facing the brunt is the automobile sector. Coronavirus couldn't have come at a worse time for India's auto sector that is battling a prolonged slump in demand. The virus outbreak has added to the pain, hitting production and lowering the demand even further as consumer spending is unusually low. Reportedly, the correction in the auto index is now close to what was seen during the 2008 global financial crisis. BSE Auto Index is down 36% on a YTD basis.
  8. The fall in other indices like FMCG, consumer durables, capital goods and IT is relatively moderate as they do not have any direct impact of the pandemic. However, they too have been witnessing selling amid the sharp correction in Indian share markets.
  9. Interestingly, Indian pharma has been doing much better than the overall index. Since the beginning of March 2020, the Sensex is down by 26% while the BSE Healthcare index is down only by 15% (till 19 March 2020).
    • One factor is the rupee weakness which has weakened well beyond the Rs 75/$ mark. A weak rupee helps exporters and pharma obviously benefits.
    • Another factor is the spread of the novel coronavirus has led global investors to rush for pharmaceutical stocks recently, on back of a rise in demand for generics and branded generics leading to shortages and over-pricing for drugs.
  10. However, as the markets took a breather on Friday, the sectors that rallied the most were BSE FMCG, BSE IT and BSE Oil & Gas indices, gaining over 8% each.

What do you think will be the long-term impact for these sectors? Well, you can let us know by dropping your views in the comments section below.

While most sectors have been falling, our co-head of research, Tanushree Banerjee believes in long term, Indian auto ancillaries, textiles, chemical companies, Pharma R&D contract manufacturers, will all be the major beneficiaries of what she calls the Rebirth of India megatrend.

Also, in times like these, our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

This is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. I strongly recommend you read it now. Claim your FREE copy here...

Happy Investing!



This article (Worst Hit Indian Sectors Amid Coronavirus Pandemic: 10 Points to Know) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




coronavirus pandemic

Mysophobia to Clinical Depression Could be Evil Tertiary of Coronavirus Pandemic

COVID-19 has brought along with it a set of side effects, from Mysophobia (the constant overdrive to wash hands and be careful of contamination) to clinical




coronavirus pandemic

PanicMechanic, New App to Manage Anxiety During Coronavirus Pandemic

PanicMechanic, the new mobile app has been developed to help attack sufferers during the novel coronavirus (COVID-19) pandemic. The app adapts biofeedback-like




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Coronavirus Pandemic in TN: 49 New Cases Reported

Tamil Nadu has reported 49 new coronavirus positive cases, said Health Minister C. Vijayabaskar. He said that the state had adopted a multi-pronged




coronavirus pandemic

Delaying Bariatric or Metabolic Surgery During Coronavirus Pandemic Puts Patients at High Risk

Severe obesity, diabetes, hypertension can raise the risk for severe COVID-19 complications, and bariatric or metabolic surgery can dramatically and rapidly improve these conditions.




coronavirus pandemic

Wearing Surgical Masks Could Help Slow Coronavirus Pandemic's Advance

Surgical face masks may prevent transmission of human coronaviruses and influenza viruses from symptomatic individuals, reports a new study. The findings




coronavirus pandemic

Delaying Bariatric or Metabolic Surgery During Coronavirus Pandemic Puts Patients at High Risk

New guidance recognizes patients with the greatest need for bariatric and metabolic surgery as a new study warn delaying treatment may put them at a higher risk of complications from their disease as well as from COVID-19.




coronavirus pandemic

Telemedicine to Manage New-onset Diabetes During Coronavirus Pandemic

Telemedicine can be used safely and effectively for managing new-onset type 1 diabetes training and education for both pediatric and adult patients and




coronavirus pandemic

US state pension system hit hard by coronavirus pandemic

Sharp falls across financial markets in March have caused large drop in aggregate funded ratio




coronavirus pandemic

Coronavirus pandemic deals heavy blow to UK construction activity

Work in the sector slows at fastest rate since financial crisis




coronavirus pandemic

Amazon, Apple and Microsoft CEOs detail their companies’ efforts to combat coronavirus pandemic

The tech industry is mobilizing its considerable resources to attempt to support efforts against the growing global coronavirus pandemic. Over the weekend, the CEOs of Amazon, Apple and Microsoft all shared updates regarding some aspects of their company’s ongoing contributions, which range from donations of medical supplies and personal protective equipment (PPE) for frontline healthcare […]




coronavirus pandemic

LinkedIn’s making its recruitment tools free to those fighting the coronavirus pandemic

Like many other websites at the moment, the career-oriented networking platform LinkedIn has seen a big boost in traffic as a result of people being asked to work from home and stay indoors overall to slow the spread of the coronavirus, with a bump of 55% more conversational activity between existing connections in recent weeks. […]




coronavirus pandemic

Demi Lovato reveals she moved in with her family amid coronavirus pandemic

Miley Cyrus did an Instagram Live with Demi Lovato on Tuesday as the singers self isolate amid the global coronavirus pandemic.




coronavirus pandemic

Miley Cyrus suffered an anxiety attack after retreating to her mansion amid coronavirus pandemic

The 27-year-old singer sat down for an interview over FaceTime with Zane Lowe on Apple Music on Wednesday, and spoke candidly about being locked away in her sprawling mansion.




coronavirus pandemic

Kanye West's Sunday Service at Yankee Stadium 'canceled' due to coronavirus pandemic

On Tuesday, TMZ reported that all events scheduled to take place at the 50,000 seat ballpark in New York's the Bronx have been canceled for the next two months.




coronavirus pandemic

Kanye West leaves Yeezy office all bundled up in a rain coat and gloves amid coronavirus pandemic

As the rain poured, Kanye West shielded himself with a massive black jacket outside his office in Calabasas, California on Thursday. 




coronavirus pandemic

Manchester United 'vow not to break the bank for Jadon Sancho in light of coronavirus pandemic'

Borussia Dortmund placed a £100million price tag on the England international earlier this season with several European clubs desperate to sign him.




coronavirus pandemic

EastEnders' Patsy Palmer reveals she wept over how coronavirus pandemic will affect the poor

The 47-year-old EastEnders star - who is now based in Malibu, California - took to Instagram on Tuesday to share her emotional post.




coronavirus pandemic

'It's distressing': EastEnders' Hetti Bywater hits out at pub-goers amid coronavirus pandemic

The former EastEnders' actress took to Instagram on Tuesday to film herself walking past her local and admitted she found it 'distressing' to see so many people there.