110 105 Market 100 capitalization 95 COVID-19 trends 90 Market cap down 33% (>$1.3 tn) of the top 90 85 since the outbreak global banks, 80 by event 75 70 2008/09 Ebola 65 2009 Flu COVID-19 Day of event MERS Virus 2012 T = 100) 60 -10 -9 -8 -7 -6 -5 -4 -3 -2 -1 T 1 2 3 4 5 6 7 8 9 10 12 13 14 15 16 17 18 19 20 T=0, COVID-19, February 21, 2020: Authorities reported the first death in Italy. T=0, MERS Virus 2012, May 25, 2015: Middle East respiratory syndrome coronavirus (MERS-CoV) spreads in South Korea. T=0, Ebola, April 14, 2014: Total number of death due to Ebola disease is above 100. T=0, 2009 Flu, April 21, 2009: The Centers for Disease Control and Prevention (CDC) publicly reported the first two U.S. infections with the new H1N1 virus. T=0, 2008/09, October 3, 2008: US Congress passed the Emergency Economic Stabilization Act of 2008. 4 10 Ways COVID-19 is impacting payments