Coronavirus Causes Stock Market PANIC

The economy is in the toilet. Ana Kasparian, Brett Erlich, and Jayar Jackson, hosts of The Young Turks, break it down.

"European shares dropped more than 8% on Monday, led by losses in Italy and France, the two countries hardest-hit by the coronavirus pandemic that has girdled the globe in recent weeks, infecting tens of thousands of people, severing supply chains and slowing commerce as people are forced to stay home.

In early trading, Italy's FTSE MIB, France's CAC 40 and Germany's DAX were all down more than 8%, with London's FTSE 100 just behind, dropping more than 7%.

The steep fall in Europe, which has become the new epicenter of the COVID-19 epidemic that started in China, came as Asian stocks also took a big hit. In Hong Kong, the Hang Seng index fell just over 4% and Japan's Nikkei 225 lost nearly 2.5%. The Shanghai Composite Index lost nearly 3.5%."

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Associated Press 11 May 2020 11:44 CEST

AP Top Stories May 11 A