Coronavirus stokes fears on Wall Street

The stock market took a massive plunge on Monday surrounding real economic impacts of the fears of the spread of coronavirus.
1:11 | 02/25/20

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

Comments
Related Extras
Related Videos
Video Transcript
Transcript for Coronavirus stokes fears on Wall Street
Another effect we saw the massive stock market plunge. In outbreak is beginning to have a real impact on the economy here and around the world. Our chief business correspondent Rebecca Jarvis is at the new York stock exchange with more. Good morning, Rebecca. Reporter: Good morning, robin. Yeah, it's that coronavirus uncertainty which sent the Dow plunging more than a thousand points yesterday. Its worst day in more than two years and here's the issue. Many U.S. Companies do significant amounts of business in China. It's a manufacturing hub for companies like apple, like Nike but also a number of small businesses who manufacture their products there and then sell them here. Things like iPhones which apple has already said we're facing temporary shortages of because the factory there is have been shut indefinitely, plus there are things like the ingredients that go into U.S. Health care products, U.S. Antibiotics, the fda now reportedly potentially looking at drug shortages because of the ingredients coming from there and the concern now going forward, Michael, is this is now spreading to more than 32 countries. Thank you so much. Now we're going to turn to the winter blast. Two storms colliding and

This transcript has been automatically generated and may not be 100% accurate.

{"duration":"1:11","description":"The stock market took a massive plunge on Monday surrounding real economic impacts of the fears of the spread of coronavirus. ","mediaType":"default","section":"ABCNews/GMA","id":"69196492","title":"Coronavirus stokes fears on Wall Street ","url":"/GMA/News/video/coronavirus-stokes-fears-wall-street-69196492"}