#$5 Trillion Wiped Out From World Stocks Amid Fastest Collapse In History https://www.zerohedge.com/markets/5-trillion-wiped-out-world-stocks-set-worst-weekly-slump-2008 As we noted yesterday, the worsening global threat from the virus prompted #Goldman Sachs to revise its U.S. earnings growth story for 2020 to ZERO: "US companies will generate no earnings growth in 2020. We have updated our earnings model to incorporate the likelihood that the virus becomes widespread. Our revised baseline EPS estimates are $165 in 2020 (previously $174) and $175 in 2021 (previously $183), representing 0% and 6% growth. Our reduced forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for US exporters, supply chain disruption, a slowdown in US economic activity, and elevated uncertainty. Consensus forecasts imply EPS will climb 7% in 2020 and 11% in 2021." ---- #NYSE could close trading floor in coronavirus contingency https://www.fox5ny.com/news/nyse-could-close-trading-floor-in-coronavirus-contingency