US stocks were set to fall on Monday as a US-Chinese spat about the origins of the coronavirus outbreak worsened while billionaire Warren Buffett's admission he had dumped his airline shares crushed major U.S.
carriers. Delta Air Lines, American Airlines Co, Southwest Airlines Co and United Airlines fell between 9% and 11% in premarket, after Berkshire Hathaway chief Buffett told reporters of the move over the weekend, saying "the world has changed" for the industry.
The comments, and fall in airline operators, also shaved more than 4.7% off planemaker Boeing Co's shares. Berkshire itself posted a record loss of nearly $50 billion and Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, said Buffett's