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'Things will get worse before they get better': Ex-Cisco CEO John Chambers predicts the US economy won't recover fully until next year

3 monthes ago   |   By Business Insider

The US economy will struggle until at least late fall and won't recover fully until early next year, venture capitalist and former Cisco CEO John Chambers told Marketwatch on Tuesday .
"Things will get worse before they get better," Chambers said. "The next quarter is going to be ugly."
Chambers said the novel coronavirus pandemic was hammering the US economy, the healthcare system, and global supply chains, and posed an existential threat to many companies.
"It's time to reinvent or be left behind," he said.
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10 things you need to know before the opening bell

10 things you need to know before the opening bell

3 monthes ago   |   By Business Insider

Here's what you need to know before the markets open.
'Things will get worse before they get better': Ex-Cisco CEO John Chambers predicts the US economy won't recover fully until next year. "It's time to reinvent or be left behind," he said.
'Finger-pointing from politicians': Stocks slide after eurozone leaders fail to agree on coronavirus response. "We came close to a deal but we are not there yet," said the Eurogroup chairman, Mario Centeno.
The world's biggest iPhone maker is going to start making ventilators. Foxconn is joining companies like Ford, GM and Tesla in switching some of...
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The start of something special for Antonio at West Ham?

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