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As business and leisure travelers stay at home rather than risk infection, events small and large are cancelled, and business slows so sharply it shows that the longest U.S. economic expansion since the 1850s may finally hit the wall.

The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.

The PPI fell 0.6% in February, the biggest decline in over five years. The core rate fell 0.3%

“Anybody who’s having an event between now and May is considering what to do about it,” said Mike Nicholas, CEO of the Bond Dealers of America.

Michael Zezas, managing director of research at Morgan Stanley, notes that muni yields have not fallen as quickly as the Treasury equivalents and recession risk climbs the longer the coronavirus persists. Layer on top of those items the incipient oil competition and quite a storm is brewing. Even liquidity is becoming "disorderly." John Hallacy hosts.

After eight oil-producing states recovered from the 2014 oil price collapse, they face another downturn, S&P Global Ratings said.

Analysts say the development is another sign of financial stress at the beleaguered utility.

The sales tax that funded the Wisconsin stadium construction turns off this month.

The municipal market was hammered Wednesday by the COVID-19 pandemic with a more than quarter point correction in AAA benchmarks, issuers pulling deals off the shelves and more reports of pricing and evaluation confusion.

Benjamin, who is mayor of Columbia, South Carolina, will co-chair the law firm's public finance and affordable housing practices.