Global stock markets are rebounding from record-setting declines after President Donald Trump said he would ask Congress for a tax cut and other measures to ease the financial burden of the coronavirus outbreak.
Yet the spread of the virus is disrupting operations of the world’s largest economic powerhouses, as well as small businesses and employees.
All major airlines are cutting capacity and more companies are reporting their first cases of employees becoming infected, including Boeing at a facility in Washington state.
Because of uncertainty about the duration and severity of the outbreak, companies are also withdrawing financial guidance. That includes Vail Resorts, where visits are down moderately, but the company said that could get worse.