Coronavirus Already Weighing on Retail Supply Chains

Markets are pointing to a higher open despite unrest across the country and rising tensions between the U.S.and China. Phil Toews, CEO & Co-Portfolio Manager Toews Asset Management, joined Wake Up With Cheddar to explain the impact of current events on the market.

A new American company made headlines this week after nabbing a big government contract to build a stockpile of key ingredients used to manufacture essential medications. This comes as a movement to bring more essential supply chain elements back to the United States. Dr. Eric Edwards, the CEO and Founder of that pharmaceutical manufacturing company Phlow, joined Cheddar to discuss.

Futures pointing to a positive open this morning, recovering some losses from Tuesday's drop due to the lack of data on Moderna's vaccine success. Investors are finding optimism in trillions of dollars in government relief and the fact that all 50 U.S. states have now eased restrictions at some level. And markets getting a boost after strong earnings results from Target as well as Lowe's this morning. Ryan Giannotto, Director of Research at Granite Shares ETFs, joined Wake Up With Cheddar to discuss.