Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S.
because of the coronavirus. While the legendary investor was optimistic long term on the America at the Berkshire annual meeting, the move shows his concern that the pandemic has changed certain industries permanently and could be a sign that other investors are too optimistic about the economy returning to normal quickly.
More than 3.4 million cases have been confirmed globally, including over 1.1. million in the U.S. alone,But investors are also grappling with worries over another spat between China and the U.S. On Sunday, Secretary of State Mike Pompeo said there was a "significant amount of evidence" connecting the coronavirus to a lab in the Wuhan region of China.
" for the coronavirus. Earlier in the week, President Donald Trump said he was considering imposing tariffs on China for its handling of the outbreak."The world has changed for the airlines. And I don't know how it's changed and I hope it corrects itself in a reasonably prompt way," Buffett said Saturday from Berkshire's first-ever virtual shareholder's meeting.across United, American, Southwest and Delta Airlines before the sale.
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