Positions below banking on markets to still decline

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is the coronavirus causing nike’s drop?

Well I’m betting on it for a few reasons
1. Basically all of their manufacturing is done in Asia and even if China opens factories the virus is spreading around the rest of Asia like wildfire
2. In the event the olympics are canceled Nike’s stock will drop even more.
3. With people staying at home no one is buying clothes to workout in or what not and I think even for a few months their sales will suffer

Why Yum? Due to less sales in asia?

Yeah and Pizza Hut bankruptcy.

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