California will take a big hit

Capital Economics in London 

The economic casualties from China’s coronavirus epidemic are mounting as Asian and European auto plants run short of parts, free-spending Chinese tourists stay home and American companies brace for unpredictable turbulence.
That’s just the start of a financial hangover that is expected to linger for months even if the flulike illness is soon brought under control, economists and supply chain experts say. The Chinese epidemic’s aftereffects will likely cause the global economy to shrink this quarter for the first time since the depths of the 2009 financial crisis, according to Capital Economics in London.

Chinese home buyers are staying home.  China trade through California will slow way down.  As the stock market levels off in response, California income drops dramatically. California is barely 2% in growth, its peak for the Trump cycle has happened. The shutdowns will send the state to tipping point.