Charlotte Talks: Economy Comes Down With Shivers From Coronavirus

Mar 17, 2020

Tuesday, March 17, 2020

For the third time in a week, steep stock losses over coronavirus concerns triggered a halt in trading Monday. But that's just one layer of the economic impact of the coronavirus. 

The stock ticker outside One Wells Fargo Center in uptown has been the bearer of bad news lately.
Credit Chris Miller / WFAE

The ghost of the Great Recession – and the prospect of a new recession – hovered over Wall Street, which saw the end of an 11-year bull market and one of the Dow's worst days since the Black Monday crash of 1987.

Charlotte’s largest publicly traded companies lost more than a quarter of a trillion dollars in market value in the stock selloff, according to the Charlotte Observer.

If a recession is coming, how would Charlotte fare?

What should - or what shouldn’t you do - with your 401(k) and your retirement savings during this bear market?  

GUESTS

Mark Vitner, Wells Fargo, senior economist (@mvitner)

Michelle Singletary, The Washington Post, personal finance columnist (@SingletaryM)

Tony Mecia, The Charlotte Ledger, editor (@tonymecia)