The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries: Travel and tourism 100m lost jobs expected globally  $2.7 in lost GDP  Airbnb lays of 25% of employees  Music & Concerts From a record $12.2B concert year to a loss of $9B Expectations of concert prohibition lasting up to two years Industry organizing to be included in relief  Real Estate Commercial real estate expecting 2.5% default rate for 5+ years  Negotiations around sales-based payment instead of traditional rent  Residential sees cratering demand but home prices remain up year over year