BUSINESSES PREPARING FOR SIGNIFICANT LOSSES AND SHORTAGES.

FOR SIGNIFICANT LOSSES AND SHORTAGES. LET’S GET THAT AND

AND SHORTAGES. LET’S GET THAT AND MORE FROM JO LING

LET’S GET THAT AND MORE FROM JO LING KENT.

MORE FROM JO LING KENT. >> Reporter: TONIGHT,

KENT. >> Reporter: TONIGHT, WALL STREET SINKING

>> Reporter: TONIGHT, WALL STREET SINKING DEEPER INTO THE RED AS

WALL STREET SINKING DEEPER INTO THE RED AS FEARS OF CORONAVIRUS

DEEPER INTO THE RED AS FEARS OF CORONAVIRUS GROW.

FEARS OF CORONAVIRUS GROW. >> THAT’S A WRAP ON AN

GROW. >> THAT’S A WRAP ON AN UGLY WEEK.

>> THAT’S A WRAP ON AN UGLY WEEK. >> Reporter: THE DOW

UGLY WEEK. >> Reporter: THE DOW HAVING THE WORST WEEK

>> Reporter: THE DOW HAVING THE WORST WEEK SINCE THE 2008

HAVING THE WORST WEEK SINCE THE 2008 FINANCIAL CRISIS

SINCE THE 2008 FINANCIAL CRISIS PLUMMETING 12% IN JUST

FINANCIAL CRISIS PLUMMETING 12% IN JUST FIVE DAYS.

PLUMMETING 12% IN JUST FIVE DAYS. THE PRESIDENT REACTING

FIVE DAYS. THE PRESIDENT REACTING LATE TODAY.

THE PRESIDENT REACTING LATE TODAY. >> WELL, I THINK IT’S

LATE TODAY. >> WELL, I THINK IT’S JUST PEOPLE DON’T

>> WELL, I THINK IT’S JUST PEOPLE DON’T KNOW.

JUST PEOPLE DON’T KNOW. IT’S THE UNKNOWN.

KNOW. IT’S THE UNKNOWN. I THINK THEY ARE NOT

IT’S THE UNKNOWN. I THINK THEY ARE NOT VERY HAPPY WITH THE

I THINK THEY ARE NOT VERY HAPPY WITH THE DEMOCRATS CANDIDATE

VERY HAPPY WITH THE DEMOCRATS CANDIDATE WHEN THEY SEE THEM.

DEMOCRATS CANDIDATE WHEN THEY SEE THEM. I THINK THAT HAS AN

WHEN THEY SEE THEM. I THINK THAT HAS AN IMPACT.

I THINK THAT HAS AN IMPACT. >> Reporter: ALSO

IMPACT. >> Reporter: ALSO CALLING ON THE FEDERAL

>> Reporter: ALSO CALLING ON THE FEDERAL RESERVE TO INTERVENE.

CALLING ON THE FEDERAL RESERVE TO INTERVENE. >> I HOPE THE FED GETS

RESERVE TO INTERVENE. >> I HOPE THE FED GETS INVOLVED.

>> I HOPE THE FED GETS INVOLVED. YOU KNOW, I’M NOT A

INVOLVED. YOU KNOW, I’M NOT A BIG FAN OF THE FED,

YOU KNOW, I’M NOT A BIG FAN OF THE FED, YOU KNOW THAT.

BIG FAN OF THE FED, YOU KNOW THAT. THEY MAKE A LOT OF

YOU KNOW THAT. THEY MAKE A LOT OF MISTAKES.

THEY MAKE A LOT OF MISTAKES. >> Reporter: THE FED

MISTAKES. >> Reporter: THE FED CHAIR TRIED TO

>> Reporter: THE FED CHAIR TRIED TO REASSURE NERVOUS

CHAIR TRIED TO REASSURE NERVOUS INVESTORS.

REASSURE NERVOUS INVESTORS. JEROME POWELL SAYING

INVESTORS. JEROME POWELL SAYING THE FUNDAMENTALS OF

JEROME POWELL SAYING THE FUNDAMENTALS OF THE U.S. ECONOMY

THE FUNDAMENTALS OF THE U.S. ECONOMY RESTRAINS STRONG BUT

THE U.S. ECONOMY RESTRAINS STRONG BUT THE CORONAVIRUS

RESTRAINS STRONG BUT THE CORONAVIRUS IMPOSES EVOLVING RISKS

THE CORONAVIRUS IMPOSES EVOLVING RISKS TO ECONOMIC ACTIVITY.

IMPOSES EVOLVING RISKS TO ECONOMIC ACTIVITY. AS THE VIRUS SPREADS,

TO ECONOMIC ACTIVITY. AS THE VIRUS SPREADS, RETAILERS ARE

AS THE VIRUS SPREADS, RETAILERS ARE PREPARING WITH 58% OF

RETAILERS ARE PREPARING WITH 58% OF PEOPLE SAY THEY ARE

PREPARING WITH 58% OF PEOPLE SAY THEY ARE LIKELY TO AVOID PUBLIC

PEOPLE SAY THEY ARE LIKELY TO AVOID PUBLIC AREAS LIKE MALLS AND

LIKELY TO AVOID PUBLIC AREAS LIKE MALLS AND MOVIE THEATERS AT THE

AREAS LIKE MALLS AND MOVIE THEATERS AT THE OUTBREAK GETS WORSE.

MOVIE THEATERS AT THE OUTBREAK GETS WORSE. >> I’M NOT GOING TO

OUTBREAK GETS WORSE. >> I’M NOT GOING TO JUST GO INTERACT WITH

>> I’M NOT GOING TO JUST GO INTERACT WITH LARGE, NEW CROWDS, IF

JUST GO INTERACT WITH LARGE, NEW CROWDS, IF I DON’T HAVE TO UNTIL

LARGE, NEW CROWDS, IF I DON’T HAVE TO UNTIL WE HEAR MORE.

I DON’T HAVE TO UNTIL WE HEAR MORE. >> Reporter: AND THEN

WE HEAR MORE. >> Reporter: AND THEN THERE ARE BIG BOX

>> Reporter: AND THEN THERE ARE BIG BOX STORES LIKE TARGET,

THERE ARE BIG BOX STORES LIKE TARGET, WALMART AND DOLLAR

STORES LIKE TARGET, WALMART AND DOLLAR TREE WHICH ARE AT A

WALMART AND DOLLAR TREE WHICH ARE AT A HIGHER RISK FOR

TREE WHICH ARE AT A HIGHER RISK FOR POTENTIALLY RUNNING

HIGHER RISK FOR POTENTIALLY RUNNING OUT OF SOME PRODUCTS

POTENTIALLY RUNNING OUT OF SOME PRODUCTS AS SOON AS LATE APRIL

OUT OF SOME PRODUCTS AS SOON AS LATE APRIL ACCORDING TO WELLS

AS SOON AS LATE APRIL ACCORDING TO WELLS FARGO SECURITY.

ACCORDING TO WELLS FARGO SECURITY. THAT’S BECAUSE AT THE

FARGO SECURITY. THAT’S BECAUSE AT THE PORT OF LONG BEACH

THAT’S BECAUSE AT THE PORT OF LONG BEACH CANCELLATIONS FOR

PORT OF LONG BEACH CANCELLATIONS FOR CARGO SHIPS BRINGING

CANCELLATIONS FOR CARGO SHIPS BRINGING GOODS FROM CHINA HAVE

CARGO SHIPS BRINGING GOODS FROM CHINA HAVE DOUBLED COMPARED TO

GOODS FROM CHINA HAVE DOUBLED COMPARED TO LAST YEAR.

DOUBLED COMPARED TO LAST YEAR. WHAT DOES THIS MEAN

LAST YEAR. WHAT DOES THIS MEAN FOR SHOPPERS?

WHAT DOES THIS MEAN FOR SHOPPERS? >> WHAT THIS MEANS FOR

FOR SHOPPERS? >> WHAT THIS MEANS FOR THE PORT IS LOSS OF

>> WHAT THIS MEANS FOR THE PORT IS LOSS OF VOLUME.

THE PORT IS LOSS OF VOLUME. WHEN IT MEANS FOR

VOLUME. WHEN IT MEANS FOR CONSUMERS IS YOUR

WHEN IT MEANS FOR CONSUMERS IS YOUR PRODUCTS MAY NOT BE ON

CONSUMERS IS YOUR PRODUCTS MAY NOT BE ON THE SHELVES.

PRODUCTS MAY NOT BE ON THE SHELVES. WHAT IT MEANS FOR THE

THE SHELVES. WHAT IT MEANS FOR THE COMMUNITY IS PEOPLE

WHAT IT MEANS FOR THE COMMUNITY IS PEOPLE AREN’T GOING TO WORK.

COMMUNITY IS PEOPLE AREN’T GOING TO WORK. >> Reporter: WE ARE

AREN’T GOING TO WORK. >> Reporter: WE ARE ALREADY FEELING THE

>> Reporter: WE ARE ALREADY FEELING THE RIPPLE EFFECT OF

ALREADY FEELING THE RIPPLE EFFECT OF CORONAVIRUS ON JOBS.

RIPPLE EFFECT OF CORONAVIRUS ON JOBS. HERE AT THE QUIET PORT

CORONAVIRUS ON JOBS. HERE AT THE QUIET PORT AT LONG BEACH, THE

HERE AT THE QUIET PORT AT LONG BEACH, THE UNION IS SAYING 50% OF