The travel ban announced by Trump, and the NBA’s decision Wednesday to suspend the rest of its season, also could augur a sharper-than-expected pullback in household consumption.

“Is the consumer going to continues to spend money when they’re holed up in their houses,” Detrick asks.

“No one could imagine two weeks ago that the NBA would suspend its season or that Tom Hanks would have coronavirus,” Sarhan says, referring to the actor who announced that he had tested positive for the virus.

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