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Economy

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Coronavirus' impact on the U.S. economy

Coronavirus quarantines in China have had a significant impact on the global economy. In Los Angeles, where 40% of all shipped imports enter the country at the U.S.' largest port, traffic is slowing down and affecting job earnings as factory shutdowns are taking a toll on the supply chain. Everything from the automotive industry to the toy industry are taking a hit. Jill Schlesinger joins "CBS This Morning" to explain how U.S. consumers could feel the economic impact of the coronavirus.

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Trump pushes to open economy despite pandemic

While the federal government is still urging people to stay at home amid the pandemic, President Trump said he will decide on Monday whether to ease current coronavirus restrictions. He argued that dire economic conditions caused by prolonged shutdowns could lead to suicides, which he claimed would result in an even higher death toll. Mr. Trump's statement goes against the advice of medical experts who say the coronavirus will not be contained in just a matter of weeks. Paula Reid breaks down the president's Monday evening coronavirus briefing, where Dr. Anthony Fauci was noticeably absent.

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