#corinavirus outbreak

[biedexcom]

: Pence will campaign Sunday in North Carolina despite key staff testing positive for coronavirus#stockmarkets#a #article_normal #campaign #carolina #corinavirus #coronavirus #covid #epidemics #general_news #health #infectious_diseases #key #medical_conditions #n #na #north #novel_coronaviruses #outbreaks #outbreaksepidemics #pence #political #politicalgeneral_news #positive #president #respiratory_tract_diseases #staff #sunday #testing #vice

[thespecialstories]

Global economy could shrink by almost 1% in the year 2020 due to an outbreak of coronavirus pandemic. The virus is causing a huge loss of life and the things leading the world to economic crisis. 😞😞 We need to save our economies, our people, our nations and our mother EARTH. Link in bio.. . . #global #globaleconomy #globalecommerce #covid19 #covid #coronavirusoutbreak⚠️ #coronapandemic #corinavirus #economy #economyblock #worldeconomy #loss #lossoflife #savethem #savepeople #savenation #saveearth #pandemic #pandemic2020 #economyimpact #insta #instagood #instadaily #instagram #instablog #blog #bloggers #bloggers #thespecialstories https://www.instagram.com/p/B_b00UpjX2x/?igshid=1wccelf4usx7g

[asfeedin]

A fresh trillion in stimulus spending fails to lift the global markets

Good morning, and Happy Friday. Stocks and oil are down. After yesterday’s rollercoaster ride, the markets look to end the week on a down note.

Let’s see what’s moving those markets.

Markets update

Asia

Asia indices are in the red, and falling, with Shanghai leading the way down.

The big focus is the apparent failed trial of Gilead Science‘s remdesivir, a hopeful drug candidate to fight Covid-19. Gilead shares tumbled 9% yesterday. That deflated yesterday’s U.S. market rally, and is sinking Asian shares today.

Europe

Europe opened with a thud, too. The benchmark STOXX Europe 600 Index was down 1.5% in early trade, wiping out yesterday’s gains.

The ECB Christine Lagarde warned EU leaders yesterday that the eurozone GDP could shrink by as much as 15% this year unless member states ready the proverbial bazooka.

On cue, the EU’s top pols endorsed a 540 billion-euro ($580 billion) plan to support the hardest-hit businesses and economies, but the divisions between the indebted South and their richer northern partners are vast. 

Lufthansa shares sank nearly 4% in early trade as Europe’s largest airline warned of a cash crunch and need for state aid.

U.S.

The Dow, S&P 500 and Nasdaq sunk in afternoon trade on the Gilead bombshell, with only the Dow closing in positive territory. All three look set to open lower this morning.

President Trump promises to sign today at noon a House-passed coronavirus aid bill. It’s the fourth such rescue package. The quartet of aid adds up to nearly $3 trillion, or 15% of GDP.

This latest measure aims to give much needed relief to America’s small businesses who where shut out in round one. Fortune‘s Anne Sraders lays out what you need to know this time around.

Last night kicked off the NFL draft. Today, online sports betting operator, Draftkings, begins trading as a public company. The Nasdaq listing will trade under the symbol, DKNG.

Elsewhere

Gold is up.

As is the dollar.

Crude is down, as I type, with Brent futures sinking below $25/gallon.

By the Numbers

0.88. If you live in Michigan, you may have seen the price of gasoline is now under a buck at some gas stations around the state. The national price is a bit higher, standing at $1.79—for now. “We’re expecting to see prices to continue to decline,” says AAA, the automobile club. The price-at-the-pump collapse follows the historic crash in oil prices earlier this week. Typically, cheap gas is a boom for consumers, but the tumult in the oil markets—reminder: we hit negative oil on Monday—is having huge ripple effects across the global economy. This will be a jolt to oil-dependent emerging markets from Angola to Venezuela, and very likely become a big political issue in fracking country.

26.5 million. That’s how many workers in the United States have filed for unemployment benefits in the past five weeks. Yesterday’s tally of 4.4 million jobless claims filed was an improvement over previous weeks, but was more or less in line with economists’ estimates. The markets shrugged off the data as a flattening-the-curve success. But we’re still staring at a real unemployment rate of 20.6%, my colleague Lance Lambert calculates.

76.76. After two straight weeks of gains, the S&P 500 has fallen by nearly 76.76 points, or 2.7%, over the last four trading sessions. In a week where oil has plunged to historic depths, the economy has shed another 4.4 million jobs, and corporate earnings go from bad to worse, that’s not a bad performance. But the bulls won’t be happy.

Postscript

When I joined Fortune full-time last September, one of my first calls was to Adrian Croft. We had worked together at Reuters back in the day. While I toiled on the equities desk in London back then, Adrian was off on glamorous assignments. He was embedded with the U.S. 15th Marine Expeditionary Unit during the invasion of Iraq in 2003 while I was covering the collapse of the Big 5 music labels. I saw some great concerts; he saw history.

A true Fleet Street veteran, Adrian has great stories to tell. (Do yourself a favor and read his farewell note to colleagues when he retired from Reuters last year).

Adrian agreed to come out of retirement and write for us, on topics ranging from the Saudi-Russian price war, to king dollar, to the wolf in cashmere, Bernard Arnault. He also wrote the “Today’s reads” and is the genius behind “Market candy.”

He won’t be happy that I’m making such a fuss about him, but I just wanted to thank him publicly for all his help these past few months. Today is his last day on BS duty.

I’m sure we’ll work together again some day. The gods of journalism wouldn’t want it any other way.

All the best, my friend.

***

Have a nice weekend, everyone. I’ll see you here on Monday.

Correction: yesterday’s Bull Sheet contained a misspelling. It should have read, “Okun’s Law.”

Bernhard Warner @BernhardWarner Bernhard.Warner@Fortune.com

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Spring break mid March, right before beach closing, amid Corinavirus outbreak. Stay safe #stayhome Beach stories. . . . . . . . #bulbmembers #fromstreetswithlove #seemycity #guardiancities #spicollective #dpsp_street #streetphotographerscommunity #lunaparknyc #nycspc #womenstreetphotographers #lensculturestreets #burnmyeye #streets_storytelling #miamiherald #eyeshotmag #capturestreets #streetdreamsmag  #timeless_streets #streetsgrammer #thestreetphotographyhub #fromstreetswithlove #nonstopstreet #miamibeachlife #ihsp #streetleaks #friendsinstreets #zonestreet #covidstreet #covidphotodiaries #covidphotochallenge https://www.instagram.com/p/B_AmT6PHT0T/?igshid=m5522emdx8as

[supersingh-sbs]

AMAZING!!!!!!The Centers for Disease Control and Prevention recommends taking deep breaths to improve your emotional health during the #coronavirus outbreak. When we breathe deeply and fully, our mind calms down , and our thoughts are clearer and very positive 🙏❤️🙏 Thousands of years ago, Hindu Rishis found out “ THOUGHTS + MIND + BREATHING are interconnected” 🙏❤️🙏 They also found out when we control one of them other two we can control indirectly. 🙏❤️🙏 So when we CONTROL our breathing, we automatically control our thoughts and vice versa. 🙏❤️🙏 When we are agitated 😡 and stressed 😩 our breaths are short and erratic. 🙏❤️🙏 When we have POSITIVE SPIRITUAL FEELINGS, our breaths are LONG & SINUSOIDAL. 🙏❤️🙏 #corinavirus #covıd19 #anxiety #breathe #mindfulness #emotionalhealth #india #innovationsthatmatter #savinglives #wewillgetthroughthistogether #india #pandemic #psychology #corronavirus Namaste #supersinghs🙏🏽🕉🇺🇸 (at Shawn’s Fortress of Solitude) https://www.instagram.com/p/B-vf8TEDKjbXcD5WOG2BWK07ixU0tcsuPgWixk0/?igshid=kqe1bn415il3

[sanitasnews]

Dont forget to subscribe .

[fuck-the-ccp]

"I understand sometimes it’s a bit difficult to stay at home for a full two weeks, but they are doing a service to this fight against the virus by staying at home. I hope they are not those who deliberately refuse to comply," she said.

"If they need support and hence they need to go out, they could call our hotlines," she said.

[fuck-the-ccp]

Health officials announced on Tuesday that another seven infections of the new coronavirus had been confirmed in the territory, bringing the total so far to 49, with some of the latest patients connected to previous cases.

These include the son and daughter-in-law of a 62-year-old Tsing Yi woman diagnosed with the illness, as well as the daughter-in-law's father.

A man living in the same block as the couple and his mother in Cheung Hong Estate had also come down with the illness, and the older woman's subsequent diagnosis prompted a partial evacuation of the building on Monday night.

Officials said five other residents of the tower block who had shown symptoms of the disease have tested negative and they have since been sent to quarantine camps to join the 200 or so of their neighbours already taken there overnight.

The quarantined residents will be allowed to return home if they once again test negative for the virus after a few days, officials said.

They also said that they were still working on the theory that a modified drainage pipe in the 62-year-old woman's flat could have led to her infection. She lives several floors directly below the man who had earlier been diagnosed with the virus.

Housing officials said three other public housing estates which have seen confirmed cases will now have their drainage pipes checked as a precaution.

Hong Kong University microbiologist Yuen Kwok-yung said there was no need for people to panic and the Tsing Yi block at the centre of the scare, Hong Mei House, is not in the same situation faced by Amoy Gardens during the Sars outbreak in 2003.

The failure of U-shaped water seals at the Kowloon Bay estate had allowed the spread of Sars, eventually affecting more than 300 people, of whom 42 died.

One of the other new cases announced by authorities at Tuesday's press briefing involves somebody who works with one of the 11 family members confirmed to have the illness following a Chinese New Year hotpot gathering in Kwun Tong.

Another of the patients is a 59-year-old man who works in a church in Siu Sai Wan, officials said.

The other two patients are a 66-year-old man who lives in Tuen Mun and a 71-year-old man from Tseung Kwan O.

[fuck-the-ccp]

The Standing Committee of the Guangdong Provincial People's Congress held an emergency meeting and immediately authorized the Guangzhou and Shenzhen Municipal Governments to urgently requisition houses, facilities, materials, etc. as an emergency epidemic prevention response when necessary. This is the first time since China's reform and opening up, and also the first time since the 2007 Property Rights Law. The government is authorized to expropriate private property.

The Standing Committee of the Guangdong Provincial People's Congress convened an emergency meeting in the morning to adopt the "Decision of the Standing Committee of the Guangzhou Municipal People's Congress on Doing a Good Job in the Prevention and Control of the New Coronary Pneumonia Epidemic According to Law", the municipal and district governments, and the headquarters of the New Coronary Pneumonia Epidemic Prevention Work According to the needs of epidemic prevention and control, in the areas of medical and health care, financial security, transportation, market management, and wildlife management, they have the right to implement temporary emergency administrative measures or issue decisions. Vehicles and related facilities are used for epidemic prevention and control, and relevant enterprises and organizations may be required to provide epidemic prevention and control materials and necessities.

(Source in Chinese.)

[fuck-the-ccp]

TAIPEI (Taiwan News) — As the Wuhan virus continues to spread across China unabated, Beijing authorities on Sunday evening (Feb. 9) announced that the city is being locked down.

As the outbreak of the novel coronavirus (2019-nCoV) continues to rage across China, 80 cities have been locked down under "closed-off management" (封閉式管理) measures. On Sunday, Beijing authorities announced an "Epidemic prevention and control notice of strict closed community management" and declared that the city is going under lockdown (封城), reported the Beijing Daily.

According to the announcement, Beijing will strictly implement "closed community management" (小區封閉管理), under which vehicles and personnel from outside a community will not be allowed to enter. Those arriving in Beijing from other areas must report their health status and register their personal information.

The first 14 days after arriving in Beijing, persons who have visited an area affected by the epidemic or have a history of recent contact with those in an affected area must undergo inspection and observation in their homes, according to the regulations. They must also actively report their health status and cooperate with the relevant management services, and they are not allowed to leave their quarters.

If a person refuses to accept hospital quarantine, home quarantine, and other epidemic prevention measures, the public security organ shall severely punish those who commit acts against the administration of public security, according to the law.

In addition, all public areas in residential communities, such as recreation rooms and sports areas, are now closed, and all businesses and government agencies must strictly monitor people's temperatures.

Housing agencies and landlords in Beijing are now required to provide information about rental housing and lessees to the local units for epidemic prevention.

The notice requires that checkpoints be set up at the entrances and exits of residences. Residents entering and leaving on foot and in vehicles must wear masks and submit to temperature tests.

Non-residents and vehicles of non-residents of a given community will no longer be allowed entry. If it is essential for them to enter, they must first register with management personnel.

Express mail, take out, and other delivery personnel are required to drop off their goods at a designated area of the community for customers to pick up.

Although Beijing has already announced mandatory closed-community management, Shanghai has yet to make a similar announcement. However, many communities in Shanghai have already begun voluntarily implementing closed community management on their own.

[fuck-the-ccp]

Fifteen years ago, scientists discovered a cave in southern China that held viruses almost identical to the one that has killed nearly 500 people today and the ones that caused the SARS and MERS outbreaks decades ago.

[fuck-the-ccp]

A Hong Kong resident at a coronavirus quarantine centre has complained over the slow and confusing admission arrangements. Water Ng, a 46-year-old radiotherapist, told HKFP it took over three days for him to enter the camp after he was found to have taken a flight with someone infected with the SARS-like virus.

[fuck-the-ccp]

A hotel workers union said on Monday that there is no way hotels can keep track of guests under quarantine as they are not notified about the orders and the visitors are not obliged to tell them about them either.

Under new regulations passed by the government, from last Saturday anyone arriving in Hong Kong from the mainland has to quarantine themselves for 14 days even if they have no signs of illness. Some people, such as airline crew, are exempted from this.

But Hong Kong Hotel Employees Union chairman Alex Tsui said that being as visitors are under no legal obligation to tell the hotel where they are staying that they are subject to the arrangements puts workers and other guests at risk.

Tsui said some hotels are refusing guests seeking to book rooms for 14 days or more, but people could always stay for a few days and then shift to another hotel afterwards.

He said this ambiguity regarding the procedures has left hotel workers confused and concerned. Still, all of them are turning up for work as they fear sackings are around the corner being as the hotel sector is going through a hard time, the union leader said.

[fuck-the-ccp]

The government said on Monday that there will be no compensation for people who were due to move into a new public housing estate in Fo Tan, which is now being converted into a quarantine centre over the coronavirus outbreak.

A representative of the Housing Department said during a special Sha Tin District Council meeting that tenants had been told that suggested moving-in dates were not confirmed, and they had been warned not to take any steps such as changing their children's schools too soon.

But the official said people affected by the quarantine centre move could be allocated flats elsewhere if there are any available. He said a HK$10 billion fund set up by the government to combat the virus outbreak might also help, though no details could be announced yet.

Chief Executive Carrie Lam said on Saturday that Chun Yeung Estate is a suitable location to quarantine people because it can immediately provide several hundred flats.

But a caller to an RTHK programme said that his family had been notified by the government before Chinese New Year that they could move into the estate this month.

"How long will the estate be used as a quarantine centre? After it’s used as a quarantine centre, how long will it take for the government to clean and disinfect it?” he asked.

“We have to rent another place to live during this period. Is the government going to pay for it?”

A Sha Tin district councillor, Ken Mak, said some residents have already terminated their previous rentals or changed their children's schools, as they thought they would shortly move into the new estate.

Mak, of the Civic Party, said residents plan to join hands with rural leaders to express their opposition.

He also criticised the government's U-turn regarding the estate, as Lam had said two weeks ago that the government would not use public housing estates for quarantine purposes, following a public outcry over the idea.

The government dropped a plan last month to convert the newly-built Fai Ming Estate in Fanling into a quarantine centre after nearby residents protested, putting up roadblocks in the area and setting fire to building lobbies.