"COVID-19 Probably Originated in a Wuhan Lab" -- Professor Arthur Waldron
Professor Arthur Waldron
"COVID-19 Probably Originated in a Wuhan Lab" -- Professor Arthur Waldron
The new pathogen is also a coronavirus, thought to be endemic in bats, and transmitted to humans by an as yet unknown pathway (possibly the pangolin, a lovable denizen of the tropics).
The holocaust in China since December has now done previously unimaginable harm, with tens of thousands or more infected in the nation and a death rate comparable to SARS, bringing much of China to a panicky halt. And now there are hundreds of thousands – or more – cases in the world, and many thousands of deaths as the pandemic rolls on.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTAll of the noble doctors and other health providers who perished, such as Dr. Li Wenliang, who left a child and an infected pregnant wife--and there were many more--fearlessly confronted the disease, but without one crucial piece of information: namely, how it spread. It was known that the virus could jump from some animals to other animals, and from one person to another, but how exactly did it get from other animals to humans?
Throughout southern China exist hundreds of technically illegal markets, often huge, such as the one in Wuhan, holding wild species, some endangered, that are not legal to sell or eat. But they are consumed anyway. Bats are sold there, and bats are known to harbor the new coronavirus, as do many other unfortunate creatures. A mainstream story developed saying that the viruses jumped from the bats to another species, and thence to people.
The search is on for this creature. However, it probably does not exist and the whole theory about the virus is probably wrong. The simplest explanation for the epidemic is that somehow a form of the new coronavirus, which normally cannot infect human beings, either appeared through natural mutation and spread, or was engineered in a specially protected research facility for just such perilous work.
The epicenter of the infection is in Wuhan, Hubei, China’s great riverine transportation hub, with a population of 11 million — much bigger than New York. A vast wild animal market has long been there. But no way exists to demonstrate that this “wet market” is point zero. Quite the opposite, for a significant number of infections cannot be traced to the animals there.
Also in Wuhan is the Wuhan Institute of Virology and another laboratory configured specifically for such highly dangerous experiments as modifying bacteria and viruses so that they can yield vaccine or be used as biological weapons. These were built over 10 years with French assistance. That French plan for a research partnership fell through but the state-of-the-art, level 4 (the highest-security) laboratory remained, and was put to use.
Now we approach the crux of the matter.
The findings of a long-term study, sponsored by the University of North Carolina, were published in Nature in August 2015. Nature is the most authoritative and trusted regular journal publishing new scientific results. Sixteen international experts participated in the study, including Dr. Zheng-li Shi and Dr. Xing-yi Ge, both of the level four laboratory in Wuhan. Here, with some explanation is what they reported:
“. . . We generated and characterized a chimeric virus expressing the spike of bat coronavirus in a mouse-adapted SARS-CoV [coronavirus] backbone. The [result] could] efficiently use multiple orthologs [genetically unrelated variants] of the human SARS receptor, angiotensin converting enzyme II (ACE ) to enter, reproduce efficiently in primary human airways cells, and achieve in vitro titers [sufficiently lethal concentrates] equivalent to epidemic strains of SARS-CoV.”
In other words, using one component of the new coronavirus and another one of SARS, one could create a new virus having a deadliness close to that of SARS and able to cross the species barrier, be fruitful and multiply, killing large numbers of victims, particularly elderly people.
From a virological standpoint, this was an important breakthrough in understanding how viruses can propagate into new species. The doctors in the experiments, however, were shocked by its medical implications: Neither monoclonal antibodies nor vaccines killed it. The new virus, which was replicated and christened SHC104, [demonstrated] “robust viral replication, in vitro [lab-ware] and in vivo” [living creatures].
“Our work” the authors noted fearfully, “suggests a potential risk of SARS-CoV emergence from viruses now circulating in bat populations.” It seems likely to me that the new coronavirus did emerge in some such way, as a result of error at the Chinese P4 laboratory. Perhaps the search was for a vaccine. Less likely is that it was the result of research to create a biological weapon, for though such research is widespread worldwide (restarted in 1969 in the United States), the coronavirus is, in one sense, mild: Some people die, but most recover. It is not anthrax.
In any event, I think that an innocent but catastrophic mistake at the Wuhan P4 lab is now bringing something like Götterdämmerung to China.
If components of the new bat virus were connected in the laboratory to those of the known SARS virus, the result was a “virus that could attach functionally to the human SARS receptor, angiotensin converter enzyme II, with which it had similarities but no kinship (“orthologs”). The species barrier was thus crossed with a laboratory-created virus that could copy itself, reproduce in human airways, e.g., the lungs, and produce in glass laboratory equipment the equivalent of titers (amounts of liquid sufficiently concentrated) to achieve the strength of epidemic strains of SARS.
One intriguing piece of evidence appeared very briefly in the Chinese press.
A Southeast Asian editor wrote me:
“I also found this Caixin {Chinese media company} piece interesting. Especially the following paragraph:
{Prof. Richard Ebright, the laboratory director at the Waksman Institute of Microbiology and a professor of chemistry and chemical biology at Rutgers University} “cited the example of the SARS coronavirus, which first entered the human population as a natural incident in 2002, before spiking for a second, third, and fourth time in 2003 as a result of laboratory accidents.”
This article disappeared almost instantly but its contents have been circulating in Southeast Asia.
It indicates that laboratory mishaps were involved in SARS. So the same possibility cannot be ruled out now. The original article has been expunged in China, including from the Caixin archives.
Since then no more technical or scientific evidence has appeared. So we wait for an explanation from the Chinese government.
In China, the fabric of the society is tearing; its foundations and structures are bending and stooping under the lash of a deathly microorganism, apparently made by humans and somehow released, the effects of which few conceived or expected. Now populations of tens of millions around the world face and may well pay the ultimate price. The all-knowing Chinese Communist Party looks absurd and corrupt. In Wuhan supplies are scarce and crematories have worked 24/7 to dispose of the dead. The self-sacrificing medical profession, however, has little idea of where to turn for a cure.
We are in the midst of a global tragedy. Officials of the despotic Chinese government, which designed and built the Wuhan facility, seem ignorant about what they set in motion, while the biologists, with perhaps some exceptions, will recoil, as will subsequent generations, with what they have wrought.
He has been the Lauder Professor of International Relations in the Department of History at the University of Pennsylvania, since 1997. He works mostly on the history of Asia, China in particular; the problem of nationalism, and the study of war and violence in history. Educated at Harvard (A.B. ’71 summa cum laude Valedictorian, PhD ’81) and in Asia where he lived for four years before returning to Harvard. He previously taught at Princeton University, the U.S. Naval War College (Newport, RI) and Brown University.
His publications include The Great Wall of China: From History to Myth (1989) also in Chinese and Italian; The Modernization of Inner Asia (1991); How the Peace Was Lost: The 1935 Memorandum "Developments Affecting American Policy in the Far East" Prepared for the State Department by John Van Antwerp MacMurray (1992) also in Japanese; From War to Nationalism: China’s Turning Point, 1924-1925 (1995) also in Chinese, and (with Daniel Moran) The People in Arms: Military Myth and National Mobilization since the French Revolution (2003).
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”
5 Things You Need to Know About Coronavirus — As It Spreads and Impacts Global Financial Markets
CDC Warning and Recommendations:
The CDC advises:
"While the immediate risk of this new virus to the American public is believed to be low at this time, everyone can do their part to help us respond to this emerging public health threat.
It’s currently flu and respiratory disease season and CDC recommends getting a flu vaccine, taking everyday preventive actions to help stop the spread of germs, and taking flu antivirals if prescribed.
If you are a healthcare provider, be on the look-out for people who recently traveled from China and have fever and respiratory symptoms.
If you are a healthcare provider caring for a COVID-19 patient or a public health responder, please take care of yourself and follow recommended infection control procedures.
If you have been in China or have been exposed to someone sick with COVID-19 in the last 14 days, you will face some limitations on your movement and activity. Please follow instructions during this time. Your cooperation is integral to the ongoing public health response to try to slow spread of this virus. If you develop COVID-19 symptoms, contact your healthcare provider, and tell them about your symptoms and your travel or exposure to a COVID-19 patient.
For people who are ill with COVID-19, please follow CDC guidance on how to reduce the risk of spreading your illness to others."
Wall Street Performance Over the Past Two Days
The S&P Dow Jones lost $1.7 trillion in value from the U.S. stock market.
The Wall Street Journal reports, “A rout in global financial markets deepened Tuesday, sending the Dow Jones Industrial Average down nearly 900 points and heightening the anxiety of investors around the world.
The latest wave of selling marked the blue-chip benchmark’s worst two-day percentage decline in two years. Fear rippled across financial markets, sending the yield on the 10-year U.S. Treasury note to a record low and crude-oil prices tumbling below $50 a barrel.
For much of the past several weeks, money managers have been fixated on one issue: the potential for a growing coronavirus epidemic to hit global economic activity.”
Guidance from U.S. Health and Human Services
Alex M. Azar II of the U.S. Health and Human Services said in a press conference on Tuesday, "As of this morning, we still have only 14 cases of the China coronavirus detected in the United States, involving travel to China or close contacts with travelers; 3 cases among Americans repatriated from Wuhan; and 40 cases among American passengers repatriated from the Diamond Princess.
There are five major priorities within the supplemental, which I underscored this morning before the Senate appropriations committee.
First, we need to expand our surveillance work, building on an existing system we have within CDC's influenza surveillance network.
Second, we will need funds to support public health preparedness and response for state and local governments for what could be a very large-scale response. This support complements the significant funds that these partners have received from CDC for preparedness—about two-thirds of a billion dollars a year in recent years.
Third and fourth, we need to support development of therapeutics and fourth, we need to support development of vaccines.
Given the scale of this outbreak, the private sector sees a real market for both kinds of countermeasures, as well as for diagnostics, but federal funding and guidance can help accelerate this work. Dr. Fauci will address the current status of that work in more depth.
Fifth and finally, we need funds for the purchase of personal protective equipment for the Strategic National Stockpile, a topic that Dr. Kadlec can address."
Big International Trade Impact
Whether it is the production of iPhones or global shipping -- international trade is going to have a significant decrease in the first quarter.
"The largest U.S. gateway for seaborne imports from China is projecting a 25% drop in container volumes this month as the economic impact of the coronavirus spreads across shipping operations far from the outbreak.
Container ship operators have canceled 40 sailings at the Port of Los Angeles between Feb. 11 and April 1, mostly for vessels coming from China, port Executive Director Gene Seroka said in an interview. The first quarter of this year I project that we’re going to be down 15% year-over-year, with a heavy bit of that related to the coronavirus,” he said. The decline has accelerated, he said, with February cargo volumes expected to be down 25% from the same month a year as the epidemic’s impact ripples through supply chains, according to the Wall Street Journal.
The Lack of Equipment in the U.S.
Last week, the Washington Post reported, "As the number of coronavirus cases in China skyrocketed in the past week, a small Texas manufacturer was inundated with orders from 8,000 miles away. Prestige Ameritech, the largest full-line domestic surgical mask manufacturer, was producing 600,000 masks each day but struggling to meet demand."
On Tuesday the shortage became the topic of a showdown between members of Congress and representatives of President Donald Trump's administration.
The Hill reports, "Sen. John Kennedy (R-LA) slammed acting Department of Homeland Security (DHS) Secretary Chad Wolf on Tuesday for Wolf's lack of answers during a tense grilling on the U.S. response to the coronavirus outbreak.
In a subcommittee hearing on the 2021 DHS budget, Wolf failed to provide specific answers to Kennedy's questions, including one on how many people are predicted to become infected with the new strain of virus.
'We’re working with HHS to determine that,' Wolf said, repeatedly deferring to the Department of Health and Human Services.
'Yes, sir, but you’re head of Homeland Security and your job is to keep us safe,' Kennedy shot back, often talking over Wolf. 'Don’t you think you ought to check on that?”