Placeholder Image

Subtitles section Play video

  • and to the major disruptions across this country tonight, more signs of the world's biggest economy actually shutting down Children home from school.

  • Now eight states.

  • As I mentioned canceling school in their states, empty shelves across this country of grocery stores and Maur major sporting events have now been canceled.

  • And word coming in tonight from actor Tom Hanks and Rita Wilson, A B C's Matt Gutman.

  • Now, with the images from across this country tonight, more signs of the world's biggest economy creaking toe a halt.

  • Disney today canceling the production of all live action films in the pipeline.

  • Hours later Netflix than Warner Brothers following suit holding productions in the U.

  • S.

  • And Canada, Universal and Disney also shutting their theme parks.

  • The U.

  • S entertainment industry is valued at an estimated $700 billion a year, and the shutdowns are engulfing sports too.

  • NASCAR and Gulfs Masters announced postponements today, joining nearly every major league sport the NHL, major League Baseball and soccer and others calling a time out, including the n B A.

  • The Utah Jazz is Rudy Gobert, who tested positive after mocking me touching reporters.

  • Microphones at a news conference apologized, but his team is now testing dozens of people the Boston Marathon pushing the race to September and the ripples reaching down into local economies to in hard hit Washington state.

  • Overall business is down 10%.

  • The state hammered with over 30 Corona virus debts, hotel spending down more than 50%.

  • Restaurants down 30.

  • The ever present threat of quarantine triggering panic buying.

  • Now the shelves are bare.

  • Typically, they restocked every night.

  • But economists tell us, with the global supply screeching, wild shows like this might just stay.

  • Pig farmers aren't gonna be able to get their their work done.

  • Truckers aren't gonna be able to ship the food from the farm to the store shelves.

  • Store shelves aren't going to get stocked.

  • It's gonna be difficult to just manage through every day.

  • Nick VIAS is an expert on the global supply chain.

  • Would you say that this is the biggest economic interruption that we've seen in our lifetimes?

  • I think the when the dust settles, we will look back and this will probably the one of the major event catastrophic event.

  • But economists seem to agree there will be a recovery, a distant hope brought nearer by the latest Instagram update from Hollywood's most relatable man, Tom Hanks.

  • Still in isolation after contracting the virus in Australia.

  • Hank's encouraging fans to take the advice of experts and take care of themselves and in a wink to his hit movie of League of their own, reminding folks, There's no crying in baseball that from Tom Hanks today Matt Gutman joins us live tonight in that we wanted to get back to that graphic you and I showed earlier this week that really drove home.

  • Why officials are trying to slow this down.

  • Why the president declared a national emergency today.

  • Many health officials say the U.

  • S.

  • Needs to do everything you can to flatten the curve, as they say, You see the dotted line there across the middle.

  • That's what hospitals can handle.

  • And if we don't slow it down, the red there shows the need spiking well above what hospitals can actually handle the thought being.

  • If we slow it down, perhaps we'll be able to keep it within what our health care community can actually handle.

  • But, man, I wanted to ask you tonight if there's a run on supplies because people have seen those empty store shelves across this country, if there's a disruption in the supply chain, are the things governments conduce.

  • Oh, actually help, and we're already starting to see some of those actions.

  • David.

  • The federal government and state officials tell me that these already happening.

  • National Guard deployed in New York, the governor of California issuing an executive order essentially allowing him to commandeer private property.

  • And federal officials tell me that it's in their pandemic plan to deploy the military to prevent the supply chain and infrastructure from being interrupted.

  • Hi, everyone.

  • George Stephanopoulos here.

  • Thanks for checking out the ABC News YouTube channel.

  • If you'd like to get more video show highlights and watch live event coverage, click on the right over here to subscribe to our channel.

  • And don't forget to download the ABC News after breaking news alerts.

and to the major disruptions across this country tonight, more signs of the world's biggest economy actually shutting down Children home from school.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it