Coronavirus spreading fast

[hobie]

This doesn't look good...
"China warns coronavirus can spread before symptoms show

Rising toll: 80 people are dead and more than 2,700 cases have been confirmed in mainland China, as the Wuhan coronavirus continues to spread throughout Asia and the rest of the world.
China on lockdown: Nearly 60 million people have been affected by partial or full lockdowns in Chinese cities as the country's government steps up its response.
Global spread: There are more than 50 confirmed cases in 13 places outside of mainland China, including at least five in the United States.
Contagious before symptoms: People can spread the virus before symptoms show, China's health minister said Sunday, complicating efforts to contain the outbreak."https://www.cnn.com/asia/live-news/coronavirus-outbreak-01-27-20-intl-hnk/index.html

"Stocks tumble amid growing coronavirus fears
Global stock markets sank Monday amid growing fears about the Chinese coronavirus that has killed dozens and spread to more than 10 countries.

The MSCI All-Country World Index tracking stocks in more than 40 countries fell 0.42 to its lowest point in two weeks after the death toll from the virus rose to 81 and three new cases were confirmed in the US this weekend.

“The coronavirus is an economic and financial shock,” Bannockburn Securities chief market strategist Marc Chandler told clients, according to Reuters. “The extent of that shock still needs to be assessed, but it could provide the spark for an arguably long-overdue adjustment in the capital markets.”...https://nypost.com/2020/01/27/stocks-tumble-amid-growing-coronavirus-fears/

"China races to build hospitals to deal with coronavirus"
https://www.youtube.com/watch?v=uMr2hI4l1O8

 

[Lamb]

It's kind of scary but don't we get these scares like every other year?

 

[psalms 91]

I think this is different as it is spreading so fast and there is not a lot they can do for it

 

[hobie]

The roiling of the economic markets I think is a element that most didnt expect...

"Dow Drops 400 Points on Coronavirus Fears
Oil, Europe equities slump as new infections are detected outside China "
https://www.wsj.com/articles/global-stocks-slide-on-coronavirus-fears-11580119666

"Coronavirus: S&P 500 falls 1.6% as Wall Street extends decline ...
Growing concerns over the coronavirus that has swept across China have hit global markets, sending stocks lower...
China braced for economic hit from coronavirusStocks and oil slump as virus fears drive sell-off"...
https://www.ft.com/content/11e019c2-fbdb-3c50-a7fe-d15cec8648c7

 

[Lamb]

https://www.marketwatch.com/story/h...eaks-as-chinas-coronavirus-spreads-2020-01-22

It looks like similar things happen with the stock market as the panic first sets in and then it is only short-lived and things improve. There is a chart on the link above showing how past viruses affected the stock market at 1, 3 and 6 month returns.

 

[hobie]

With the way the markets reacted to the threat of tariffs on China, it seems they have become much more sensitive than before. Anyway, here is the latest:

"W.H.O. Declares Global Emergency as Wuhan Coronavirus Spreads...

The World Health Organization declared on Thursday that the Wuhan coronavirus outbreak was a global health emergency, acknowledging that the disease now represents a risk beyond China, where it emerged last month.

The decision reversed the organization’s decision just a week ago to hold off such a declaration.

Since then, W.H.O. officials said, thousands of new cases in China and clear human-to-human transmission in several other countries — now including the United States — warranted a reconsideration of that decision by the agency’s expert committee."

https://www.nytimes.com/2020/01/30/health/coronavirus-world-health-organization.html

 

[JRT]

This morning I read that to this point the coronavirus has infected something like 3000 people and killed about 300. This is indeed a matter of concern and the nations of the world are reacting seriously to it. A few minutes ago I read that in the USA in 2019 there were 15208 deaths by gunfire. Suicide deaths by gun are not yet published for 2019 but historically they amount to about 24000 annually. Rounding off lets just say there were 39000 deaths by gunfire in all. Gunfire injuries historically total about the same. This amounts to 2700 deaths per month.

Why are we taking the coronavirus so seriously and almost totally ignoring the other infection that is running through our population year after year? It would seem that "thoughts and prayers" are simply not enough.

 

[Krissy Cakes]

Trumps MAD

Trump Was Furious That Cruise Ship Passengers With Coronavirus Were Brought Back to U.S.

WASHINGTON -- President Donald Trump was infuriated that 14 U.S. citizens who had tested positive for coronavirus were permitted to return this week to the United States, said two senior administration officials. The decision took the president, a self-declared "germophobe," by surprise.Officials

www.yahoo.com

 

[hobie]

Looks like it has gotten into Europe...."Ghost towns: Coronavirus closes parts of Italy...Italy is battling to contain Europe's first major outbreak of COVID-19, the disease caused by the coronavirus with 152 cases confirmed - the largest number outside Asia, where the disease originated....
On Sunday evening, Austria halted all trains from Italy due to suspicions that a train on the southern border contained two infected passengers

The train that concerned authorities was carrying about 300 passengers from Venice to the German city of Munich along the frequently congested Brenner Pass."

https://news.sky.com/story/ghost-towns-coronavirus-closes-parts-of-italy-11941940

 

[tango]

This morning I read that to this point the coronavirus has infected something like 3000 people and killed about 300. This is indeed a matter of concern and the nations of the world are reacting seriously to it. A few minutes ago I read that in the USA in 2019 there were 15208 deaths by gunfire. Suicide deaths by gun are not yet published for 2019 but historically they amount to about 24000 annually. Rounding off lets just say there were 39000 deaths by gunfire in all. Gunfire injuries historically total about the same. This amounts to 2700 deaths per month.

Why are we taking the coronavirus so seriously and almost totally ignoring the other infection that is running through our population year after year? It would seem that "thoughts and prayers" are simply not enough.

Did you really try to turn a discussion about coronavirus to make it about gun control?

 

[hobie]

Oh My!.....
"Dow plunges nearly 1,000 points as coronavirus cases surge in South Korea and Italy"...https://www.cnn.com/2020/02/23/business/stock-futures-coronavirus/index.html

"Dow plunge tops 1,000 points on fears coronavirus will tank global economic growth"....https://www.nbcnews.com/business/markets/dow-plunges-950-points-fears-coronavirus-will-tank-global-economic-n1141546

"Charlie Ripley, the senior investment strategist for Allianz Investment Management, said in a statement.
"The interruption to business and supply chains is becoming more prevalent as companies like Apple have already warned investors of the setback the virus has caused," Ripley added. "Additionally, we expect the transportation industry to be affected as travelers cancel flights, hotels and other travel arrangements. During past events of this nature we tend to see a relatively quick recovery, but markets continue to grapple with the uncertainty surrounding the coronavirus and the timing around the peak of its widespread harm to both human life and the economy."

Meanwhile, demand for haven assets such as U.S. treasuries and gold spiked.
Apple told investors last week that its worldwide iPhone supply will be "temporarily constrained" due to outbreak and that it does not expect to meet the revenue guidance it provided for the second quarter.

A handful of other U.S. and international companies have already begun to feel the financial impacts of the outbreak that has crippled the world's second-largest economy......https://abcnews.go.com/Business/dow-jones-plummets-900-points-coronavirus-cases-surge/story?id=69174540

 

[tango]

Of course, never mind the people who are dying of this, let's worry about the economic impact.

Still, as AOC commented how "the many" didn't gain anything from the stock market rise, presumably "the many" won't suffer losses as it gives up some of its record gains. At least it will give the Plunge Protection Team something to do.

 

[hobie]

It is spreading faster than anyone thought as now Iran has become another center of coronavirus.....

"Religious pilgrims, migrant workers, businessmen, soldiers and clerics all flow constantly across Iran’s frontiers, often crossing into countries with few border controls, weak and ineffective governments and fragile health systems.

Now, as it struggles to contain the spread of the coronavirus, Iran is also emerging as the second focal point after China for the spread of the disease. Cases in Iraq, Afghanistan, Bahrain, Kuwait, Oman, Lebanon, the United Arab Emirates — even one in Canada — have all been traced to Iran, sending tremors of fear rippling out from Kabul to Beirut." ...https://www.nytimes.com/2020/02/24/world/middleeast/coronavirus-iran.html

 

[hobie]

Well, we might as well shut off our Apple IPads and other electronics, pull out our camping supplies, and pop our tents in the forest, as CNN is basically saying hunker down, as it is over....at least for the economy.

"Hong Kong / London (CNN Business)Global stock markets plummeted for a seventh consecutive day on Friday as the coronavirus continued to spread, increasing fears that the epidemic will wipe out corporate profits and push some of the world's biggest economies into recession.

China's Shanghai Composite (SHCOMP) closed down 3.7%, bringing losses for the week to 5.6%, the index's worst performance since April 2019. Japan's Nikkei (N225) ended down 3.7% and benchmark indexes in Australia and South Korea both shed 3.3%.

European stocks suffered even greater losses, with Germany's DAX (DAX) dropping as much as 5% in early trading and London's FTSE 100 (UKX) shedding 4.4%. In Italy, where 17 people have now died as a result of the virus, the benchmark FTSE MIB index was down nearly 4%.

US stock futures were also sharply lower Friday, suggesting that the country's three main indexes will resume their plunge after a sharp sell-off on Thursday during which the Dow suffered its worst ever points loss, dropping 1,191 points, or 4.4%. The S&P 500 suffered a similar fall and has slid more than 10% from its recent peak....
The corporate warnings paint a dire picture of the effect that the coronavirus is having on some of the world's biggest economies. Growth in China is expected to slow significantly, and other economies such as Japan and Germany could slide into recession as the outbreak compounds weakness caused by factors including the trade war between the United States and China.
If the coronavirus outbreak becomes a global pandemic, $1 trillion could be wiped off the world economy, with recessions in the United States and the eurozone, according to economists at Oxford Economics. "
FTSE 100 and other global stocks plummet again on coronavirus fears - CNN

 

[Lamb]

Well, we might as well shut off our Apple IPads and other electronics, pull out our camping supplies, and pop our tents in the forest, as CNN is basically saying hunker down, as it is over....at least for the economy.

"Hong Kong / London (CNN Business)Global stock markets plummeted for a seventh consecutive day on Friday as the coronavirus continued to spread, increasing fears that the epidemic will wipe out corporate profits and push some of the world's biggest economies into recession.

China's Shanghai Composite (SHCOMP) closed down 3.7%, bringing losses for the week to 5.6%, the index's worst performance since April 2019. Japan's Nikkei (N225) ended down 3.7% and benchmark indexes in Australia and South Korea both shed 3.3%.

European stocks suffered even greater losses, with Germany's DAX (DAX) dropping as much as 5% in early trading and London's FTSE 100 (UKX) shedding 4.4%. In Italy, where 17 people have now died as a result of the virus, the benchmark FTSE MIB index was down nearly 4%.

US stock futures were also sharply lower Friday, suggesting that the country's three main indexes will resume their plunge after a sharp sell-off on Thursday during which the Dow suffered its worst ever points loss, dropping 1,191 points, or 4.4%. The S&P 500 suffered a similar fall and has slid more than 10% from its recent peak....
The corporate warnings paint a dire picture of the effect that the coronavirus is having on some of the world's biggest economies. Growth in China is expected to slow significantly, and other economies such as Japan and Germany could slide into recession as the outbreak compounds weakness caused by factors including the trade war between the United States and China.
If the coronavirus outbreak becomes a global pandemic, $1 trillion could be wiped off the world economy, with recessions in the United States and the eurozone, according to economists at Oxford Economics. "
FTSE 100 and other global stocks plummet again on coronavirus fears - CNN

CNN thrives on creating drama because that's what gets people to click on their links.

 

[hobie]

CNN thrives on creating drama because that's what gets people to click on their links.

Very true, but if they take down the economy for their own purposes, it does damage to many people. Seems that nobody does just 'news' anymore, it has become a way to push agendas.

 

[tango]

Very true, but if they take down the economy for their own purposes, it does damage to many people. Seems that nobody does just 'news' anymore, it has become a way to push agendas.

Of course, and if CNN can help with economic unease they can blame Trump for it. Never mind the previous left-wing rant from AOC about how the many didn't benefit from the rise in the stock market, if the markets fall the many who didn't benefit from the rise will presumably be told how much they are suffering during the fall.

 

[Josiah]

Wash hands.

Well.

Often.



.

 

[hobie]

The coronavirus has hit Israel with many getting it from tourist or trips to Europe...

https://www.jpost.com/HEALTH-SCIENCE/23-Israelis-diagnosed-with-coronavirus-Netanyahu-rolls-out-five-part-plan-620116

 

[George]

First case announced in Virginia.