Coronavirus recession is “likely,” economist says

The Dow Jones Industrial Average closed down 10% on Thursday, its worst day since 1987. The Dow went from a record high to a downward bear market in just 19 days — its fastest slide since 1931. Greg Ip, the Wall Street Journal’s chief economics commentator, said a recession is “likely.” He broke down the signs that point to an economic downturn and what the government can do to try and prevent it on “CBS This Morning.”