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Coronavirus, NFL Draft, Steve Ballmer: What We’re Watching Wednesday

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Back at it again. TheStreet’s Katherine Ross and Sports Illustrated’s Bill Enright break down the top stories in sports and business.

The NFL Draft

While most professional athletes remain all dressed-up with nowhere to go, NFL commissioner Roger Goodell remains intent that the show goes on for the upcoming NFL Draft. The draft is scheduled to kick off April 23.

However, fan events surrounding the draft have been canceled and a virtual format is planned. The NFL general manager subcommittee has also asked that the event be delayed.

The MLB, NBA, and NHL have all postponed their seasons.

From Sports Illustrated: 5 Best Landing Spots for Cam Newton

The Coronavirus and the Markets

The coronavirus continues to make or break the markets. As of 12 p.m. Wednesday, major indices were mixed as Wall Street digested news of a federal stimulus package designed to combat the economic impact of social distancing and business closures.

Over 55,000 cases of coronavirus have been reported in the U.S., with over 15,000 cases reported in New York City alone, according to data from Johns Hopkins University.

Businesses across industries have begun weighing the impact of the coronavirus going forward. Recently, McDonald’s hasn’t been “lovin’ it,” saying Covid-19 could have an impact on its supply chain and labor force.

From TheStreet: McDonald's Can't Predict Scope of Coronavirus Outbreak on Its Operations

Steve Ballmer and the Forum

Clippers owner and former Microsoft MSFT CEO Steve Ballmer reached a deal to buy The Forum arena in Los Angeles from Madison Square Garden owner, MSG Company MSG for $400 million in cash.

The deal ends years of legal disputes concerning the major stadiums in the Los Angeles area.

From Sports Illustrated: Clippers Owner Steve Ballmer Reaches Agreement to Buy The Forum From MSG Company

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