The spread of the coronavirus, a possible Boeing-made plane crash and Kobe Bryant's death are three of the top stories Monday morning.
Let’s Start With the Coronavirus
The Dow is down triple digits after the spread of the coronavirus over the weekend.
China’s National Health Commission has confirmed over 2,700 cases of the coronavirus, with over 80 dead.
The virus has spread throughout 10 different countries.
The CDC has confirmed five cases in the U.S.
The incubation period of the virus could last as long as 14 days.
So, let’s look at the business impact...fears around the virus and its impact on china’s economy are dragging the major indices lower going into Monday's opening, which kicks off one of the busiest earnings weeks of the fourth-quarter earnings season
And Then There’s Boeing?
There are reports that a Boeing-made 737-400 has crashed south of the Afghanistan capital of Kabul.
The aircraft was rumored to belong to Afghan Airline Ariana.
According to the BBC, the country's aviation body later announced that no civilian plane had crashed.
Later reports, however, indicated that the aircraft involved in the crash could belong to the U.S. Military, and the acting CEO of Ariana Afghan has said none of his company's fleet have been reported missing.
On Sunday morning, the world lost a legend.
Former NBA star Kobe Bryant, his 13-year-old daughter, and seven others--which included teammates and a pilot--were all killed in a fatal helicopter crash in Calabasas, California.
While Bryant was best known for his 20-season career with the LA Lakers, he was much more than a basketball player.
Bryant was also a two-time Olympic gold medalist and he was the first champion professional athlete--and the first African-American to win an Oscar for an animated film when he won the academy award for his short film "Dear Basketball" in 2018.
As if that wasn’t enough, Bryant also co-founded a venture capital firm, Bryant Stibel and Co., in 2013.
The firm reportedly manages around $2 billion in capital.
And they’ve made investments in companies such as Epic Games--the company behind Fortnite--Tile, Alibaba, and Dell Technologies
Bryant was 41 years old at the time of his untimely death.
For more coverage on Bryant head over to our sister site, Sports Illustrated.