The coronavirus outbreak spurring the …

The coronavirus outbreak spurring the NBA to suspend the pro basketball season indefinitely could mean bad news on top of already bad news for sporting goods companies such as Nike. “COVID-19 is impacting Nike’s business inside and outside of China more than we initially anticipated,” Susquehanna analyst Sam Poser said in a note to clients Thursday morning. “On top of which, the cancellation of the NBA season until further notice, announced last night, does little to assuage near term nerves.”