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Charlotte Talks: Economy Comes Down With Shivers From Coronavirus

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Chris Miller / WFAE

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 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)

A veteran of Charlotte radio news, Chris joined the "Charlotte Talks" staff in January 2016, but has been listening to WFAE since discovering the station as a high schooler.