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US Commerce Secretary Wilbur Ross tells @MariaBartiromo coronavirus in China will help “accelerate return of jobs” to US...

anecdotally true to say some major manufacturers looking at supply chain alternatives, but eg SE Asia. Not yet in numbers.

And Ross again repeats that UK is the US trade priority, after some public tensions in Davos last week...
Short sellers pile on bets against certain Chinese stocks, coffee houses, travel firms etc, ac to BI:
**Heading for first quarterly contraction in global GDP since 2009 financial crisis on back of Coronavirus impact on China (q1 negative), forecasts Capital Economics, $280bn hit. though assuming containment should be made back up over rest of 2020
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