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Florida Officials Identify Third “Presumptive” Coronavirus Case: Live Updates

Courtesy of ZeroHedge View original post here.

Summary:

  • 2nd case confirmed in NY
  • 2nd NY case commuted to Manhattan, traveled to Miami
  • Third case possibly identified in Fla.
  • Stocks surge, then fade, after surprise 50 bp rate cut
  • 4th person dies in France
  • Fauci says we should know soon whether Gilead's vaccine will work
  • Son of Westchester corona case attended NYC school that closed
  • Pope tests negative for coronavirus
  • NYC high school closes over 'suspected case of coronavirus'
  • Global case total passes 91,000
  • UK case total hits 51
  • US case total tops 100 across 15 states (including evacuees)
  • South Korea case total passes 5,000; death toll hits 34
  • Italian death toll surpasses Iran
  • Iran confirmed cases pass 2,000, 70+ dead
  • Head of European football says Euro 2020 will go on
  • 9 new cases confirmed in Japan

* * *

Update (1325ET): Following reports last night about a Miami woman who was denied proper testing despite suspicions she might be infected, state officials have identified a third coronavirus case in Florida, according to local media reports.

Mirroring the situation in the states, Boris Johnson has been accused of playing down the coronavirus emergency in the UK. Two hours after he delivered a speech claiming the government's No. 1 priority is containing the virus, about which he said there's no need to panic, the NHS declared the outbreak a "Level 4 incident", its possible alert level.

In other news, Bloomberg reports that a Florida student whose classmates shook hands last Friday with the vice president has been quarantined after his mother came into contact with a coronavirus patient.

Put another way: BBG is essentially reporting that Pence shook hands with someone, who knows someone, who knows someone who interacted with a coronavirus patient. How did they even figure that out?

* * *

Update (1250ET): As we reported yesterday, the IMF and World Bank have apparently confirmed rumors that they will hold their annual meetings 'virtually', instead of holding the annual massive gatherings in Washington.

* * *

Update (1155ET): Italian health officials have confirmed another rash of cases and deaths: The Italian death toll of patients who have tested positive for the virus has risen to 79 from 52, surpassing the 'official' death toll in Iran (though most suspect the real numbers are far higher in Iran).

Meanwhile, the total number of cases has climbed to 2,502, up from 2,036 late Monday.

  • ITALIAN DEATH TOLL OF PATIENTS WHO TESTED POSITIVE FOR CORONAVIRUS RISES TO 79 FROM 52
  • TOTAL NUMBER OF CASES IN ITALY RISES TO 2502 FROM 2036 ON MONDAY

Most of the cases have been diagnosed in Lombardy, a region in the north that's been the hardest hit (it's also a major contributor to Italian GDP).

* * *

Update (1035ET): The WHO is holding its daily press conference, though they've been thoroughly upstaged by the Fed:

* * *

Update (1030ET): Some comments from Treasury Secretary Mnuchin during his testimony before the House:

  • MNUCHIN SAYS NOT CONSIDERING CHINA TARIFF ROLLBACK AT THIS TIME
  • MNUCHIN SAYS NOT ENOUGH INTEREST TO ISSUE 50 YR BOND
  • MNUCHIN: 'THERE WILL BE SOME ISSUES' FOR U.S. GDP THIS YEAR DUE TO CORONAVIRUS
  • MNUCHIN: CORONAVIRUS WILL BE WORSE THAN FLU

Some comments from Dr. Anthony Fauci are also hitting the tape:

  • NIH OFFICIAL FAUCI SAYS WE SHOULD KNOW WITHIN SEVERAL MONTHS WHETHER OR NOT GILEAD'S ANTIVIRAL CORONAVIRUS TREATMENT WORKS, IMPLEMENTATION COULD BE IMMINENT AFTERWARD
  • NIH OFFICIAL FAUCI SAYS IT WILL BE AT LEAST A YEAR OR A YEAR AND A HALF UNTIL A CORONAVIRUS VACCINE IS READY TO BE DEPLOYED

In other virus-related news, Al Jazeera reports that a fourth person in France has died from the virus. Yesterday, French officials confirmed a fourth death, before revising the death toll down to three blaming a reporting error. 6 new cases were confirmed earlier in Oman, while the Ayatollah urged Iranians to fight the virus's spread by washing their hands.

"Don't violate the recommendations and instructions of the responsible authorities in terms of prevention, in terms of keeping hands, face and living environment clean and not infecting these and preventing the infection of these," he said. Khamenei also said the outbreak should not be overblown.

"The issue is an issue that will pass. It's not something extraordinary," he said. "I don't want to minimize the issue but let's not make it very big either.

Let's hope the Iranians are developing a more elaborate containment strategy.

* * *

Update (1012ET): The Fed sucker-punched shortsellers in the face Tuesday morning with a "surprise" emergency 50 bp rate cut, acquiescing to President Trump's demands after the president went on a tear bashing Powell during last night's Trump rally in NC.

The news sent stocks AND gold higher. But amazingly, the rally in stocks is already starting to fade.

But…but…but we though the only reason stocks were selling off is because the G7 suggested there wouldn't be any cuts, which has now been exposed as part of an elaborate head-fake by central bankers to prime markets for maximum impact.

And even after all that…clearly worries about a wealthy lawyer spreading the virus among the denizens of NYC's white-shoe law firms and their clients is an image that traders can't seem to escape.

Looks like we're gonna need another rate cut, Jerry.

Before we go, we'd like to highlight some thoughts from WSJ editor Michael Derby.

The Fed launched the review back in November 2018, following the first bout of Q4 volatility.

And if ever there was a time for bold new thinking from the Fed, this is it. Because, as the market's erratic response suggests, the same old policy prescription of rate cuts and QE isn't going to cut it. Start buying stocks and doling out cash to the people like they did in Hong Kong, or log off.

* * *

Update (0950ET): Here are some more details from Cuomo's presser, including announcing that the city is keeping two families in the Buffalo region 'under observation' and that the state legislature has approved a $40 million emergency aid package on Monday night.

Governor Cuomo said the news of the second New York patient should not be a cause for alarm, reiterating that health officials had expected that the disease would be found in multiple locations around the state and would be likely to spread.

“Yes, people are going to get infected,” the governor said, in an interview on Long Island News Radio, adding that “80 percent self-resolve,” referring to the estimated recovery rate for mild or asymptomatic cases.

Mr. Cuomo said that the new patient is hospitalized and that he works in Manhattan, and had an underlying respiratory illness. The governor, a Democrat, said the state is also monitoring two families in the Buffalo region who had recently traveled to Italy, one the centers of Europe’s outbreaks.

“The real issue is how many people will get seriously ill,” Mr. Cuomo said. “How many people, God forbid, could lose their lives.”

Acting on a proposal by Mr. Cuomo, the state legislature approved on Monday night a $40 million emergency aid package to help the state Department of Health hire additional staff and equipment to help track and fight the disease.

The NYT also reported that a high school in Westchester County had closed as a precautionary measure. The patient didn't have any children at the school, but it said he's a part of its feeder program. The patient is said to be a lawyer, and has been hospitalized at a hospital in Bronxville. He also reportedly recently visited Miami. The patient is said to have an "underlying respiratory illness" (he's been transferred to New York-Presbyterian Hospital in Manhattan for maximal care). It's unclear if he ever took public transportation.

* * *

Update (0920ET): In a statement, NYC Mayor Bill de Blasio revealed that the Westchester resident who became NY's second coronavirus case was diagnosed in a city hospital. Their test was confirmed in a city lab during its first day of coronavirus operation.

Recent media updates also claimed that the Westchester man works in Manhattan.

Additionally, Cuomo confirmed that the man recently traveled to Miami. Florida has confirmed more than 4 cases in different parts of the state. Later during the presser, Cuomo confirmed that the Riverdale school that closed was attended by the son of the Westchester patient, and that other schools might close as a precaution.

In addition to the Riverdale school where one of the patient's children attended closing, the Westchester Day School, a private Jewish day school in Mamaroneck, has closed out of an "abundance of caution" because the still-unidentified patient is part of its feeder program.

The man was said to be a lawyer from New Rochelle, who is currently hospitalized at Lawrence Hospital in Bronxville.

We still haven't learned the identity of the woman who tested positive after visiting Iran, it's unclear if we'll ever learn this patient's name.

* * *

Update (0855ET): During this morning's press conference, Gov. Cuomo announced that New York public health officials have confirmed the second case of the coronavirus in the state, this time in a man in his 50s from Westchester County.

Per the NYT, the patient was confirmed overnight via a state lab in Albany. Cuomo added that the two cases, which have no obvious connection to cases abroad, suggest that the virus may be "spreading in communities with no known connection to hot spots for the disease."

Gov. Andrew M. Cuomo announced on Tuesday morning a second confirmed case of coronavirus in New York, a man in his 50s in Westchester County, just outside of New York City, suggesting that it was spreading in communities with no known connection to hot spots for the disease.

The patient, whose test was confirmed overnight by a state lab in Albany, had no direct connection with any known center of the contagion, which was first identified in China in late December.

On Sunday, officials announced the state’s first case, a 39-year-old woman in Manhattan, a health care worker who had been visiting Iran, one of the epicenters of the virus’s rapid worldwide spread.

Governor Cuomo said the news of the second New York patient should not be a cause for alarm, reiterating that health officials had expected that the disease would be found in multiple locations around the state and would be likely to spread.

"We don’t see any direct connection," Mr. Cuomo said, noting that the patient is hospitalized.

So that's one case in Manhattan (a woman who visited Iran) and one case in Westchester (with no obvious link to anyone) plus a school in Riverdale (right on the border of Westchester) closing because some may have been exposed to the virus.

Also, more details on the school closing, per Reuters: The SAR Academy and SAR High School in Riverdale, in the Bronx ,is the school that will close to Tuesday.

"At this time it important to remain calm," according to the statement, which didn’t provide any more details.

Readers who are too young to remember the 2003 SARS outbreak might not remember, but NYC narrowly avoided an outbreak when a doctor from Singapore who had been infected by a patient flew to NYC for a conference. He grew increasingly ill while in New York, eventually cutting short his trip and boarding a flight for home, as the NYT reminds us.

Fortunately, the city already has MTA workers out in force disinfecting the subway.

* * *

Update (0840ET): With only one case confirmed in NYC, the hysteria is already descending, and it's not limited to the Brooklyn Costco.

An NYC high school said it will close Tuesday due to a "suspected case of coronavirus in its community."

  • NEW YORK CITY HIGH SCHOOL SAYS CLOSED TUESDAY AFTER SUSPECTED CASE OF CORONAVIRUS IN ITS COMMUNITY – STATEMENT

Stocks aren't going to like that.

Gov. Cuomo said he would hold a press conference to update the public at 9 am in New York.

Last night, Cuomo tweeted that he would require NY health insurers to cover coronavirus-related costs for New Yorkers.

We suspect we'll know more soon.

* * *

Update (0800ET): UK Health Secretary Matt Hancock has confirmed 11 new cases in the UK, raising the total to 51.

* * *

Following the longest publicly-disclosed illness of Pope Francis's papacy, the Vatican has confirmed that the leader of 1 billion Catholics has tested negative for the coronavirus. After days of insisting that the pope didn't have the virus…somebody at the Vatican was clearly worried that the Pope might have been exposed.

Pretty soon, millions of Americans and Europeans will know that feeling, if they don't already.

Yesterday, the death toll in the US climbed to 6, while the death toll across Europe has moved closer to 100. Late last night, officials in Washington State confirmed what many probably already suspected: 4 of the six deceased were either patients or staff at a nursing home in Kirkland, suburban Seattle.

Yesterday, the Dow posted its biggest one-day rebound in points as an endless parade of strategists and talking heads on CNBC jawboned hopes of 'coordinated central-bank intervention' into reality, though in the hours since Monday's close, though hopes have dimmed somewhat, thanks in part to this Reuters report. As G7 finance minister and central bankers prepare for Tuesday morning's conference call, it seems traders around the world have suddenly remembered that there's not much central banks can do, even after the OECD called for a mix of monetary and fiscal stimulus to rescue global growth.

In the span of days, the number of confirmed coronavirus cases in the US has climbed to more than 100 across 15 states if we include the evacuees, along with six deaths so far. the White House, and other governments, are shifting their focus, according to the New York Times, to distributing tests and focusing on early identification and containment instead of trying to keep the virus out.

This comes as the number of cases worldwide surpassed 90,000 on Tuesday.

In China, Communist Party officials are luxuriating in their success, or at least a convincing image of success, in suppressing the outbreak: Now that the novel coronavirus appears to be on the decline, vindicating Beijing's heavy handed tactics (for weeks, 760 million were subjected to some form of restriction on their movements, while 100 million faced punishment for leaving their homes without permission).

On Tuesday, Shanghai and Beijing instituted 'travel bans' directed at travelers from hot zones including Italy, South Korea and – of course – the US, turning President Trump's 'racist' travel restrictions on their head. Here's more from the NYT:

Major cities across China have announced new travel restrictions on people who have recently visited countries where coronavirus infections are on the rise.

On Tuesday, the authorities in Shanghai said that all travelers entering the city who had visited countries with significant outbreaks within the last two weeks must undergo a 14-day quarantine at home or at an approved isolation center. Officials in Guangdong Province announced similar measures, the state news media reported on Tuesday.

And a city official in Beijing announced on Tuesday that all arrivals into the capital from countries struggling with outbreaks — including Iran, Italy, Japan and South Korea — would be subject to a 14-day quarantine.

At least 13 people in China were found to be infected with the coronavirus after returning from countries such as Iran and Italy, two places that have seen some of the most severe outbreaks outside of Asia in recent days, according to the authorities.

A 31-year-old Chinese woman had worked in a restaurant in the Italian city of Bergamo before returning home to Qingtian County, in the southeastern province of Zhejiang, where she tested positive for the virus. Seven more people who worked at the same restaurant in Bergamo were later found to be infected after they returned to Zhejiang, the local authorities said.

In recent days, county officials in Qingtian have urged overseas residents to reconsider any plans to return home, citing the challenges they could pose to China’s efforts to control the epidemic.

Minutes ago, South Korean health officials released their second coronavirus update for Tuesday: Another 974 confirmed cases raised the country's total to 5,186. Meanwhile, South Korea's death toll climbed to 34.

Public fury in SK so far has been directed at a strange, cult-like church called Shincheonji. Its leader issued an apology yesterday following reports that public prosecutors were being pressed to charge him and 11 other church leaders with murder. Now, investigators are looking into two church members who traveled to South Korea in January from Wuhan. One of them have tested positive, while the other tested negative, according to CNN.

In Japan, another case was reported in Tokyo Tuesday, along with two additional cases in Osaka, and six cases between Nagoya and Kyoto.

Over in Europe, UK Prime Minister Boris Johnson said "we are ready for potential economic downside" as the UK faces a "national challenge" in defeating the virus.

Johnson added: "I am very confident that Britain will get through it in good shape."

Asked about school closures, Johnson said "we don't think schools should be closing in principle – they should stay open," he said. But the public must follow the advice of Public Health England. However, given that children are actually considered "low risk" for COVID-19, Johnson said school closures might not fit into the government's strategy. On Tuesday, cases in the UK climbed to 40.

In France, the increasingly unpopular "President for the Rich" Emmanuel Macron has become the latest victim of coronavirus rumors, after the president reportedly caught a cold and tried to pull out of an event. He has now reportedly been cajoled into visiting a hospital ward in Paris to try and dispel rumors that he's dying of pneumonia.

In Iran, where the virus has killed at least 77 people (and more than 200 according to some reports), public health officials (at least those who haven't already succumbed to the virus) confirmed that 2,336 cases have been counted. As case totals in Qatar, Bahrain, Saudi Arabia, Jordan, Qatar, Oman, the UAE and Egypt climb, Iran's regional neighbors have shut their borders and severed travel and trade links with the Islamic Republic. The head of Iran's emergency medical services has become at least the fifth senior government official to be diagnosed with the virus after a senior advisor to the Ayatollah died yesterday. Additionally, 23 Iranian MPs were among the new cases on Tuesday.

As more companies restrict employee travel, Google on Tuesday told the bulk of staff at its European headquarters in Dublin have been asked to work from home after a staffer reportedly caught the flu.

As more countries cancelled cultural and sporting events across Europe, the head of European football's government body said Tuesday that the Euro 2020 soccer tournament would move ahead as planned.

"You don't know how many concerns we have when we organize a big competition […] We have security concerns, we have political instability concerns and one of those concerns is the virus. We are dealing with it and we are confident that we can deal with it," said UEFA President Aleksander ?eferin at a presser in Amsterdam.

As the total number of cases in Spain climbs to 129, a person in Gibraltar has tested positive, the first case identified in the British territory on the southern coast of Spain.

Thailand has imposed compulsory self-quarantine on travelers arriving from hot zones in Asia, the Middle East and Europe following a spate of deaths in the country.

But now that the G7 communique has dashed the market's hopes, get ready for another wild day.


 


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