COVID-19 hits U.S. economy

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As coronavirus cases outside of China increase and spread to more countries, medical officials in the U.S. are warning Americans to be prepared.

California recently announced 33 people have tested positive for COVID-19 and at least 8,400 others are being monitored for the virus.

The World Health Organization has also raised its risk assessment for the virus to "very high."

With announcements of new infections, the stock market plunged an additional 1,000 points on Friday morning.

The continuing spread of the virus has sent financial markets into a nosedive this week.

Are people in the U.S. feeling the impact of COVID-19 on the economy?