This is a remain blog. Please check back for updates.
- Total confirmed cases: More than 64,000
- Total deaths: At least 1,380
5:40 pm: How sickbays are preparing in the US
Officials from both the CDC and WHO told reporters that they were concerned about the number of fettle workers who become ill as coronavirus spread. Currently, no health workers in the U.S. have contracted the virus. Dr. Bernard Camins, medical overseer for infection prevention at Mount Sinai hospital, joins “Closing Bell” to talk about how medical facilities are manufacturing for coronavirus in the U.S. —Cheddar Berk
4:59 pm: 20% of S&P 500 companies have already warned investors coronavirus impact
Closely one in five S&P 500 companies have said China’s virulent coronavirus will impact their revenues or profits, underscoring the far-reaching peal the disease is expected to take on businesses around the world. A CNBC analysis of more than 180 earnings machines and other corporate releases since the beginning of 2020 showed a high level of concern. Above is a list of guests that have made comments. Three hundred ninety-two of the 500 S&P components have reported fourth-quarter earnings as of Friday. — Franck
4:35 pm: Stales post a gain for the week, shrugging off earlier virus fears
Stocks were little changed on Friday, but signal a gain for the week, as Wall Street digested the latest batch of consumer data and earnings. Earlier in the week, a pierce in new virus cases sparked a selloff, but the S&P 500 and Dow Jones Industrial Average rose 1.6% and 1%, respectively, this week. The Nasdaq gained 2.2%. Both the S&P 500 and the Nasdaq obturate ignored Friday at record highs. “Given the uncertainty about how long the COVID-19 crisis will play out, investors are take care ofing to stick with prior winners and those that are less exposed to Asian economies,” strategists at MRB Partners said in a note. “This is why better growth stocks, especially in the U.S., have been bid up so aggressively in absolute and, especially, relative terms.” — Imbert
3:32 pm: Mapping where the new proves are
The number of reported coronavirus cases continued to grow, with about 1,400 people dead and some 64,000 human being around the world sickened, the vast majority in mainland China, researchers at Johns Hopkins said late Thursday. CNBC’s interactive map succours track where the cases are spreading. — Schoen, Lovelace
3:03 pm: US health officials will check patients with flu-like symbolic ofs for coronavirus
U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Affliction Control and Prevention said Friday. The five labs are in Los Angeles, San Francisco, Seattle, Chicago and New York City, but the intercession hopes to expand the monitoring nationwide. — Feuer
2:30 pm: Tech companies met with WHO on how to stop the spread of coronavirus misinformation
WHO hosted a confluence on Thursday at Facebook headquarters in Menlo Park, Calif., to discuss how to tamp down on the spread of misinformation about the coronavirus. Other ensembles at the meeting, according to two people familiar with the matter, included representatives from Amazon, Twilio, Dropbox, Alphabet’s Google, Verizon, Salesforce, Snicker and YouTube. Some of the priorities that tech companies have outlined in recent weeks include efforts to importune with third-party fact checkers and public health organizations. — Farr
2:25 pm: Coronavirus could cause companies to rethink relationship with China, strategist stipulates
Companies that have manufacturing presences in China may have a fresh reason to consider moving it from the provinces, Wolfe Research tech strategist Steven Milunovich told CNBC. Milunovich, a veteran IT hardware analyst, hinted he believed the coronavirus — coupled with tensions highlighted during U.S.-China trade war — could have “longer-term effects” even after it is well contained. He said on “The Exchange,” “As a U.S. company, you’ve got think about, do I just want to befit less dependent on China for demand and supply chains?” — Stankiewicz
1:57 pm: Coronavirus does little to rattle the markets
A escalating death toll from the coronavirus in China did little to rattle markets on Friday. Stocks were down diet in the afternoon, but still headed for solid weekly gains, as Wall Street digested the latest batch of consumer statistics and earnings. China’s National Health Commission on Friday reported an additional 121 deaths nationwide, with 5,090 new bound cases of the coronavirus. — Imbert
1:21 pm: CDC concerned with report of infected health workers in China
A U.S. Centers for Disease Jurisdiction and Prevention official said the notice from China’s National Health Commission about 1,716 health craftsmen infected with the coronavirus was “concerning.” Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, prophesied reporters during a press briefing that there are currently no U.S. health workers infected with the virus. She also repeated the possibility of community spread in the United States. — Lovelace
A CDC worker marks the tube after collecting biomaterial from a suspected 2019-nCoV patient for nucleic acid tests in a hotel for isolated people in Wuhan in central China’s Hubei bailiwick Tuesday, Feb. 04, 2020.
Barcroft Media | Getty Images
1:00 pm: Fallout from the outbreak hits European auto plants, GM goods production threatened
Automakers working to restart manufacturing in China amid the coronavirus outbreak are trying to prevent handlings elsewhere from being affected by supply shortages. Fiat Chrysler was the first to say it planned to halt operations at its works in Serbia due to a lack of parts from China because of the virus. General Motors is closely monitoring the supply restraint for its highly profitable truck production in North American, but said it doesn’t see an impact yet. The United Auto Workers said disruption was a chance. Ford is working on a tiered schedule to restart plants in China. Honda expects workers to return on Feb. 24. Nissan and Toyota look for to restart factories this week and next. —Wayland
12:45 pm: Egypt confirms first case, says affected yourself is foreigner
Egypt confirmed its first coronavirus case and said the affected person was a foreigner who had been put into isolation at health centre. The health ministry said in a statement that it had immediately informed WHO and had taken all necessary preventative measures. It did not give the strain of the affected person or any other details. — Reuters
12:11 pm: Chinese official to travel to Germany to discuss outbreak
12:00 pm: CureVac CEO: We contemplate to have coronavirus vaccine in trials soon
CureVac CEO Daniel Menichella said the company aims to have its coronavirus vaccine in form one clinical trials by early summer. “Our technology is very, very fast,” he said. The German-based pharmaceutical company associated with the Norwegian Coalition for Epidemic Preparedness Innovations to create a vaccine and received an $8 million grant, he implied. — Bursztynsky
11:55 am: WHO and China investigate health workers infected with virus
World health officials are working with Chinese specialists to determine when the 1,716 health workers in the country were infected with the COVID-19 coronavirus. It appears infections quantity medical workers peaked in mid-January and has “rapidly” decreased since, Dr. Mike Ryan, executive director of the World Fettle Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva. “This may reflect increased straight withs of training, increased levels of protection and increased levels of awareness.” — Lovelace
11:26 am: Cramer hears business leaders are ‘myself worried’ about coronavirus exposure
CNBC’s Jim Cramer said business leaders he has spoken to are deeply worried hither the coronavirus outbreak, citing as evidence the cancellation of the Mobile World Congress. “The people I know who were supposed to go there, it was kind-hearted of like a cruise — I’m not going there. I’m not going to risk going to Barcelona,” he said on “Squawk on the Street.” Cramer spoke the MWC cancellation shows how executives are viewing the situation with regards to their own health, not just the welfare of their workers. “That has not been the story. Now we’re at the, ‘I don’t want to get hurt [phase].'” — Stankiewicz
11:11 am: Newell Brands says China factories are discerning delay startup, goods moving slow
Newell Brands, which makes Sharpie pens, Crock-Pots and Coleman coolers, is experiencing tarry startups in its China factories and slower movements of its goods because of travel checkpoints and restrictions from the coronavirus, CFO Christopher Peterson chance during the company’s fourth-quarter earnings call. The company is assuming a 1% hit on first-quarter sales from the outbreak, mostly lay hold of its appliance, cookware and outdoor and recreation businesses. China is Newell’s largest sourcing partner, with about 40% to 50% of its offshoots being sourced there, according to Peterson. Newell stock is currently up 4%. — Miller
10:44 am: WHO reveals details on its mission to China
Director-general of the The human race Health Organization Tedros Adhanom Ghebreyesus said at a news briefing he expects the WHO-led mission to China to blow in over the weekend. The team will include 12 international and WHO experts, Tedros said, as well as the same few of Chinese counterparts, though he did not identify individual members. He said the experts will visit three provinces to abide by on-the-ground response efforts, but did not say if the mission will visit the epicenter of the outbreak, the city of Wuhan in Hubei province. “The object of the joint mission is to rapidly inform the next steps in the COVID-19 response and preparedness activities in China and globally,” he said. —Feuer
10:14 am: Beijing powers issue self-quarantine order for returning residents
Beijing officials charged with responding to the virus issued an procedure for all those returning to Beijing to remain in quarantine at home for 14 days, Chinese state media The People’s Continuously reported. Those who refuse to quarantine themselves or follow the official rules on virus containment will be punished agreeing to law, the newspaper said in a post on Chinese social media site Weibo. —Feuer
10:00 am: WHO holds briefing on coronavirus
Society Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has killed more people than the 2003 SARS rampant. —Feuer
9:03 am: Virus risk to US is ‘very low,’ but that could change ‘rapidly,’ Azar says
The American public’s jeopardize of getting infected with the new coronavirus is “very low” but that could change “rapidly,” Health and Human Services Secretary Alex Azar recounted CNBC. “We’re deploying the full force of the U.S. government to protect the health and safety of the American people,” Azar said. Salubrity officials have confirmed 15 U.S. cases of COVID-19. Azar said people can protect themselves from the virus by thrashing their hands with soap and water, avoid touching their eyes, nose or mouth. — Lovelace
8:48 am: Drugmaker states outbreak will likely continue for a few months and drag on its revenue
8:20 am: IMF chief says next two weeks will be uncertain for China
The next two weeks will be crucial in determining the economic impact of the coronavirus, says International Monetary Stake Managing Director Kristalina Georgieva. In that time, factories are due to reopen in China, which would give a “control superiors understanding on the resilience of China and on that basis, the spillover for the rest of the world,” Georgieva said. She said the IMF was also be careful of how the new coronavirus was spreading outside of China, stating that it was “not a major issue for now” but if it spreads into “weak health arrangement countries, for example in Africa” that may change. — McKeever
7:20 am: Businesses in China try to return to work
Two weeks after the Lunar New Year festival was originally supposed to end, Chinese businesses are still hobbling as the country deals with disruptions from a highly contagious virus. The new coronavirus that began to snatch national attention in mid-January has killed more than 1,300 people in mainland China. More than half of the dependencies delayed the resumption of work from the first week of February by at least a week in an effort to keep people from interacting and spreading the virus. In numberless places, businesses were scheduled to resume work last Monday, but a variety of data indicates progress has been carefully as the virus remains an unresolved concern. Many local governments have also imposed strict restrictions on enlisting certain areas and requiring quarantines of at least two weeks for people who have returned from out of town. — Cheng
7:10 am: Hong Kong undertakes $3.2 billion to contain virus
Hong Kong leader Carrie Lam on Friday pledged handouts totaling $3.2 billion to the Sanatorium Authority and businesses grappling with the coronavirus outbreak that has piled further pressure on the city’s battered conservatism. Lam said the government would provide $605 million to the Hospital Authority in addition to a series of one-off payments to retailers and others crashing by the outbreak. Hong Kong has 56 confirmed cases of the virus, including one death. The package will need to be approved by the diocese’s Legislative Council. — Reuters
This scanning electron microscope image shows SARS-CoV-2 (orange)—also discerned as 2019-nCoV, the virus that causes COVID-19—isolated from a patient in the U.S., emerging from the surface of apartments (green) cultured in the lab.
Source: NIAID-RML
6:30 am: China’s Xi says country must fix loopholes exposed during coronavirus outbreak
Chinese President Xi Jinping has hungered the ruling Communist Party to repair loopholes and weaknesses exposed during the fast-spreading coronavirus outbreak, Reuters on Friday, citing state television. His comments came shortly after China’s National Health Commission related an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus. The flu-like COVID-19 virus was organize to have killed a total of 1,380 people in mainland China as of Thursday evening after the health commission contemplated it had removed 108 deaths from the total figure due to a double-count in Hubei province — the epicenter of the outbreak. It is the second day in a row that the realm made significant changes to its count, fueling doubts many have about the accuracy of China’s tally. The Whey-faced House does “not have high confidence in the information coming out of China,” a senior U.S. administration official told CNBC on Thursday.
5:50 am: China’s top auto bustle body reportedly expects auto sales to tumble more than 10% in the first half of 2020
Auto sales marathons in China are expected to fall more than 10% in the first six months of the year as a result of the coronavirus outbreak, Reuters write up Friday, citing China’s top auto industry body. “We predict auto sales will drop more than 10% in the first half of this year, and about 5% for the whole year if the epidemic is effectively contained before April,” Fu Bingfeng, executive vice chairman at China’s Tie of Automobile Manufacturers, told Reuters in an interview published Friday. CAAM’s latest forecast reflects a much weaker viewpoint for auto sales in the world’s largest auto market than it had initially projected. Last month, the industry main part said it expected auto sales were likely to dip 2% in 2020.
Read CNBC’s coverage from CNBC’s Asia-Pacific band overnight here: China says six health workers have died, Singapore warns of recession. All times aloft are in Eastern time.
— Reuters and CNBC’s Christina Cheddar Berk, Thomas Franck, Fred Imbert, John Schoen, Michael Wayland, Amanda Macias, Kevin Stankiewicz, Hannah Miller, Vicky McKeever, Sam Meredith, Weizhen Tan, Evelyn Cheng and Christina Farr contributed to this disclose.