Markets Implode, Coronavirus Cases In Europe & US Explode, As Outbreak Slows In South Korea: Live Updates

Summary:

• First 2 Coronavirus deaths recorded in Germany
• WHO’s Dr. Tedros says threat of pandemic has become “very real”
• Confirmed cases near or pass 1,000 in France, Germany and Spain
• Germany state of Brandenburg has between 4k and 5k in home quarantine
• Trump to meet with Wall Street CEOs Wednesday
• South Korea imposes travel advisory, confirms another 96 cases; 3 new deaths (total: 54)
• Hungary stops flights to and from Northern Italy
• PM Johnsons says UK won’t close parliament
• Trump to hold WH meeting on fiscal stimulus
• Italian PM promises “massive shock therapy” to save economy from coronavirus
• Deutsche Bank cancels 150-year-anniversary celebrations
• Dozens of flights leave northern Italy despite quarantine, even as airlines cancel routes
• Moody’s says US economy headed for recession
• Cuomo confirms 142 new cases in New York State, bringing total confirmed in NYC to 19
• NY has started making its own sanitizer
• Columbia University cancels classes, Princeton moves lectures online
• 78 new public health labs open across US Monday
• Spain PM says he will have ’emergency plan’ to tackle outbreak
• UK confirms another 45 cases
• VP Pence will hold press conference at 5:30ET Monday
• Amtrak shutters ‘Acela Corridor’
• Korean construction worker contracted by US military tests positive
• Total number of cases jumps above 9,000 while deaths hit 463
• ‘Grand Princess’ docks in Oakland
• Another cruise ship disaster might be shaping up in Fla.
• Trump congratulates VP Pence via tweet
• New cases in South Korea drop as Philippines case total doubles
• EUCO President says conference call will be held to coordinate EU response
• Germany and France finmins hold talks to discuss crisis
• Missouri declares first “presumptive” positive Sunday night; father of patient breaks quarantine
• Dutch infections climb to 321

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Update (1340ET): As the government boosts testing following the imposition of a sweeping quarantine impacting most of the Italian north, for the third day in a row, officials have pointed a more than 1,000-case jump in the total coronavirus infections, and a 25% increase in deaths.

• ITALY REPORTS 9,172 CORONAVIRUS CASES, 463 DEATHS AS OF MONDAY

The new cases pushed the total global case number above 110,000. Earlier, Spanish authorities reported 2 new deaths as the Catalonian health department has confirmed “the death of a 97-year-old man and an 88-year-old woman,” bringing the total number of coronavirus-related deaths in Spain to 28.

During its regular press briefing, the CDC announced that 78 labs across the country in all 50 states and Washington DC have been certified to test up to 75,000 people for the coronavirus, according to Dr. Nancy Messonnier, director of the US Centers for Disease Control and Prevention’s National Center for Immunization and Respiratory Diseases.

Wall Street execs will reportedly visit the White House on Wednesday to discuss the country’s response to the coronavirus and what can be done to save the economy, according to the Washington Post. Trump is supposed to meet with his top economic advisors, including Treasury Sec. Steven Mnuchin, on Monday afternoon with markets back near their lows of the day.

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Update (1300ET): It looks like another troubling cruise-ship coronavirus disaster is shaping up in Florida, one of three states that has recorded fatalities related to the outbreak.

According to CNN, two recently diagnosed cases in Florida are tied to a cruise that recently docked in Port Everglades. Broward County in Florida announced that two of the three presumptive positive cases of coronavirus in the county are related to people coming through Port Everglades. Port Everglades is among the most active ports in the US for cruise ships, cargo and petroleum products. However, the county wont’ say more than that: Were these individuals passengers on a cruise ship? How were they exposed.

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Update (1240ET): During the WHO’s daily press update, Director-General Dr. Tedros Adhanom Ghebreyesus said Monday that the global coronavirus outbreak, which is closing in on its 4,000th death, is beginning to look like a “real pandemic.”

Dr. Tedros said the WHO is “encouraged” by Italy’s quarantine, and hopes that these methods will “prove effective” in the coming days. The rule of the game, he added, is “never give up.”

Of the four countries with the worst outbreaks, China is bringing its epidemic under control, and South Korea is now reporting a decline in cases, he said.

Both countries have demonstrated that “it’s never too late” to turn back the virus tide. Every country with confirmed cases of the virus has an opportunity to follow in their footsteps, Dr. Tedros said, because so far, most countries are only seeing “clusters” of community transmission. As long as that’s the case, these clusters can be contained, he said.

“For the moment, only a handful of countries have signs of sustained community transmission. Most countries still have sporadic Covid-19 cases or defined clusters,” he said.

Watch the daily briefing here:

LIVE: Daily media briefing on #COVID19 with @DrTedros #coronavirus https://t.co/cN3WfNcsyd

— World Health Organization (WHO) (@WHO) March 9, 2020

Gov Cuomo made a similar comment earlier:

“This is not the ebola virus. This panic that you see is unwarranted. We have dealt with worse viruses,” Cuomo said.

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Update (1200ET): South Korea showed once again that the pace of new infections has continued to slow on Monday, while also raising its travel advisory for northern and central Italy

S. Korea raises travel advisory for northern, central Italy https://t.co/z4bJncNuBu

— Yonhap News Agency (@YonhapNews) March 9, 2020

This follows SK’s second case update for Sunday: 96 new cases, which were identified between midnight Sunday and 4 pm, have brought the nation’s total number of infections to 7,478, the Korea Centers for Disease Control and Prevention said, according to Yonhap. That follows 248 new cases detected earlier. About an hour ago, the Korean CDC confirmed 3 new deaths, bringing its total to 54.

After recording its first coronavirus case last week, Hungary has stopped flights to and from northern Italy and cancelled its March 15 national day celebrations amid growing fears that the outbreak will spread, according to the FT.

In the UK, a fourth coronavirus patient died on Monday. The patient was being treated at the Royal Wolverhampton Hospital and was in their 70s with underlying health conditions, UK health authorities confirmed. The person had contracted the virus in the UK and efforts are being made to trace their contacts.

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Update (1140ET): Port Authority Executive Director Rick Cotton has been diagnosed with the coronavirus. Cotton, the executive director of the Port Authority of New York and New Jersey, the independent quasi-public government agency responsible for the port, apparently contracted the virus after visiting airports and other Port Authority facilities.

He is at home under quarantine, NY Gov. Andrew Cuomo said.

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