DealBook: Markets Get Punched in the Face

DealBook: Markets Get Punched in the Face

Market turmoil shows no signs of letting up, as fears over the spread of the coronavirus were met by an oil price war between two of the world's largest producers.. The price at the pump will fall, and oil-dependent industries like airlines will benefit - depending on people's appetite for travel in the coronavirus era.. An aggressive oil price war at a time of falling demand could lead to oil falling to $20 per barrel, down more than 50 percent from Friday's close, according to Goldman Sachs .. Markets are pricing in another big Fed rate cut this month, which would push benchmark U.S. rates close to zero.. The NYT chronicled the past two weeks of market turmoil through the eyes of seven traders .. Some experts warn that draconian measures could torpedo Europe's anemic economic growth more than the coronavirus outbreak would.. “¢ Companies should conduct a "financial stress test" of their employees to gauge their financial well-being, he said.. Sequoia, a prominent investor in tech start-ups, warned young companies last week to prepare for the possibility of a coronavirus-related downturn.. But investors have warned with regularity over the past decade that the