Flight Centre, Premier Investments latest in coronavirus stand-downs; Virgin boss flags 1000 redundancies

Flight Centre will stand-down 3,800 Australian staff as the coronavirus fallout bites in the economy. 

The retailer Premier Investments is standing down 9,000 staff globally and will closes all its Australian stores after close of business today. 

The Australian Bureau of Statistics says about half of businesses surveyed say they are experiencing an "adverse impact" from the coronavirus. 

ABC's Peter Ryan with this analysis.