The global stock market sell-off as coronavirus fears spread beyond China indicates further negative effects on U.S. multinational companies’ earnings, MadMoneyOnCNBC's Jim Cramer said.
Cramer tweeted just before 5 a.m. Monday ET that he wanted to "deal with the facts" and not engage in speculation.
"If you call it an overreaction and it gets worse, you are a fool, if you say it's only going to get worse then you are a fear-monger," he said on Twitter. "We have lost containment. Now we need to slow it."The global stock market sell-off on the widening outbreak of coronavirus beyond China indicates further negative effects on U.S. multinational companies' earnings, CNBC'sWith U.S.
Cramer tweeted just before 5 a.m. ET that he wanted to "deal with the facts" and not engage in speculation.as the euro zone's third-largest economy grapples with the largest outbreak outside of Asia: more than 150 reported cases and four deaths.Global confirmed cases rose to nearly 79,500 with over 2,600 deaths — still with the vast majority of cases and deaths in China where the COVID-19 virus originated.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer sees biotech stocks as a refuge in the coronavirus-driven market plunge'I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'' CNBC's Jim Cramer said.
Read more »
Cramer sees biotech stocks as a refuge in the coronavirus-driven market plunge'I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'' CNBC's Jim Cramer said.
Read more »
Stock market live updates: Dow futures down 770, airlines slide, Apple dropsStock market live updates: Gold futures gained more than 2% to around $1,680 per ounce, reaching its highest level since Jan. 23, 2013.
Read more »
Treasury yields plunge amid escalating global coronavirus fearsU.S. government debt prices surged on Monday morning as investors run for cover amid fears that the coronavirus is spreading globally.
Read more »
Economic impact of coronavirus will be clearer in 'three or four weeks,' Mnuchin saysU.S. officials will have a better idea of how the coronavirus outbreak will impact the economy in 'three or four weeks,' U.S. Treasury Secretary Steven Mnuchin said on Sunday.
Read more »
Huawei could be worse hit by the coronavirus than Apple, according to analysts - Business InsiderHuawei is downplaying coronavirus impact on its smartphone sales, but experts say it will suffer more than Apple
Read more »