Germany confirms two new coronavirus cases, virus likely came from bats

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The 195 Americans who were ahead evacuated from Wuhan last month were released from their 14-day quarantine on March Air Reservation Base in Riverside, California earlier today. None of the evacuees tested positive for the new coronavirus, Riverside County community health officer Dr. Cameron Kaiser said at a news briefing, warning against discrimination. “They don’t need additional proofs, they don’t need to be shunned, they don’t have novel coronavirus,” he said. One of the evacuees, Jarred Evans, told CNBC after the rumour briefing that he was on a bus to the airport. — Feuer

The company announced publicly hold out year that it “expects to become a publicly-traded company during 2020.” The Wall Street Journal reported that Airbnb qualified won’t go public until the third quarter of this year. That timing could be affected by the coronavirus outbreak that has glided across China, one person cited in the report said. China is a key growth area for Airbnb. The company’s co-founder, Nathan Blecharczyk, currently deal outs as chairman of Airbnb China. — Feuer

Germany corroborated two more cases of coronavirus in the southern state of Bavaria, raising the overall number of known cases in Europe’s myriad populous country to 16. The two new cases of coronavirus are related to infections among staff at a company in the Starnberg district west of Munich, the Bavarian vigorousness ministry said. Car supplier Webasto said last month a Chinese employee had tested positive for the virus upon replacing to China following a visit to the headquarters near Munich. The employee apparently infected several German colleagues during the come to see. — Reuters

The new coronavirus that has already killed more child than the 2003 SARS epidemic appears to be sparing one population group: kids. Of the more than 43,100 people it’s infected since Dec. 31, Delighted Health Organization officials say the majority are over 40 years old and it’s hitting those with underlying health conditions and the old-age pensioners particularly hard. About 80% of people who died from the virus in China were over the age of 60, and 75% had pre-existing states such as heart disease or diabetes, according to a recent report from China’s National Health Commission. A trifling study published Jan 30 in the peer-reviewed medical journal The Lancet found that the average age of coronavirus patients was unskilfully 55 years old. The study looked at 99 patients at Jinyintan Hospital in China from Jan. 1 to Jan. 20. — Lovelace

Wilmington Trust’s Meghan Shue believes the coronavirus outbreak is a colossal wildcard for Wall Street. If the infectious disease, recently named COVID-19, keeps spreading, stocks are in in a predicament, she said. “Coronavirus remains one of the biggest risks to the market at this point,” she told CNBC’s “Trading Nation.” “I don’t call to mind a consider we know enough to know whether we’re out of the woods as of yet.” Shue, who has $113 billion in assets under management, expects notable market volatility until number of coronavirus cases peak. Historically, she finds the market doesn’t bottom until correspond to outbreaks reach a top. — Landsman

As tempting as it may be to refer the coronavirus outbreak to the 2003 SARS epidemic, a number of Wall Street analysts warn this is a dangerous strategy since the broader economic backdrop was very different in the early 2000s than it is today. “SARS: unfortunately, the analogy doesn’t warm up,” Bank of America global economist Ethan Harris said. “A broad consensus has emerged that the SARS affair offers an imperfect but reasonable historical analogy for what is happening now … We think the SARS episode is more duping than useful.” — Stevens

The new coronavirus that emerged from a seafood market in Wuhan, China likely originated in bats and then omitted to an “intermediate host” before infecting humans, World Health Organization officials said. Scientists are running check-ups on various animals, but have so far not found the host responsible for the outbreak, Dr. Sylvie Briand, head of WHO’s Global Infectious Chance Preparedness division, told reporters at a news conference at the agency’s headquarters in Geneva. Studies are ongoing because they are retard a number of animal species, so it takes some time,” Briand said. — Lovelace

American Airlines is extending the suspension of its mainland China and Hong Kong service until late April, citing low bid as coronavirus continues to spread. The carrier said it now plans to resume its flights to mainland China from Los Angeles and Dallas/Fort Significance in April 25, almost a month later than it previously targeted. Dallas/Fort Worth-to-Hong Kong intention resume on April 24, and a day later from Los Angeles. The move follows a similar adjustment by partner carrier British Airways. — Josephs

Online search interest in the term “coronavirus” peaked around Feb. 1, but online interest in the outbreak abided high, according to data from Google Trends, Google’s source for data about queries made on the search apparatus. The data in the chart below shows search interest relative to the highest point in the chart, meaning that a value of 100 is “top out popularity” for the search term, while a value of 50 means that the term is half as popular. The search duration “coronavirus” was most popular in Singapore, followed by Canada and Australia, from the period of January 18 to February 8, the most modern data point available. The United States ranked 20th in search interest among the countries listed. Notably, Google is not at ones fingertips in China, the epicenter of the outbreak, and thus data for Chinese searches is not available. According to Google, users searching for “coronavirus” also many times searched for “Cure,” “Epidemic,” and “Quarantine.” — Rattner

Hilton has close-fisted 150 hotels in China, leaving 33,000 rooms unoccupied. CEO Christopher Nassetta told investors the outbreak could dismal the travel industry for up to a year, based on what happened with the 2003 SARS epidemicl. The company will humiliate a $25 million to $50 million hit for the year to its profit, before taxes and interest, among other things. How, the company said it has yet to see any cancellations for the 2020 Tokyo Olympics because of the virus. — Miller

Facebook and Cisco are both pulling out of the Mobile World Congress, following other big tech groups including Intel, Amazon, and Sony. The annual event typically attracts more than 100,000 delegates from 200 surroundings across the world. The conference is scheduled for Feb. 24 to 27 in Barcelona, Spain. “We will continue to collaborate with the GSMA and our associates and thank them for their efforts,” a Facebook company spokesperson told CNBC. A Cisco spokeswoman told Reuters the Theatre troupe was “extremely disappointed,” but “we believe this is the right decision given the current circumstances.” — Kim

A mix-up in the lab allowed an infected patient that had been evacuated from China to leave the facility and intermingle with other evacuees quarantined at a military base, Dr. Anne Schuchat, a top official at the CDC, told reporters in Washington. “It points out there was probably a mix up and the original test wasn’t negative,” she said. Four evacuees at Marine Corps Air Station Miramar in San Diego had been in federal quarantine after confirming symptoms of the virus. After testing negative for the virus, they were returned to the base on Sunday where they united more than 200 people who are under a 14-day quarantine. The CDC discovered that one of the patients actually tested persuasive for COVID-19 and was returned to the hospital where they are under isolation. — Feuer

Under Armour said Tuesday that it calculates the coronavirus outbreak in China to lower sales by roughly $50 million to $60 million during the fiscal ahead quarter. The impact could grow worse, it said, should the situation worsen. Under Armour told analysts that mills in China continue to stay closed, and timelines continue to change for when they might reopen. “We think it’s reasoned to expect industry-wide delays in terms of delivery around the world — including potentially missed shipment[s] and service windows, and the call for increased air freight and additional measures at ports that could create unforeseen congestion,” CEO Patrik Frisk required.

Automakers are continuing to resume production in China and other impacted areas after an increased holiday shutdown due to the coronavirus. Hyundai Motor said it plans to “gradually begin increasing production” starting Tuesday at seven of its sows in South Korea. The facilities were idled last week because of a lack of parts from suppliers in China. The spies will reopen based on the availability of parts, according to the South Korean-based automaker. Ford Motor late-Monday also said it is on to gradually resume production at its plants in China. — Wayland

The flu-like coronavirus that has sickened more than 43,100 people in in two dozen countries now has a name: COVID-19. The CO stands for corona, the VI for virus and the D for disease, Tedros Adhanom Ghebreyesus, director-general of the WHO, augured at news conference at the agency’s headquarters in Geneva. Tedros said the agency needed to find a name that did not refer to a geographical finding, animals, an individual or a group of people. — Lovelace

In every respect Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has killed numerous people than SARS. The WHO’s global research and innovation forum met for the first time Tuesday at the organization’s headquarters in Geneva. Tedros Adhanom Ghebreyesus, director-general of the WHO, propounded the forum last week. Attendees include representatives of China and other member states, infectious disease championships, bioethicists, and major research funders, according to the preliminary agenda. The mission of the forum is to establish a common understanding of the virus and to favour upon research priorities and framework moving forward. The forum will continue through Wednesday. Watch the animate press conference here. — Feuer

Dr. Anne Schuchat, a top official at the Centers for Disease Control and Prevention, is holding a press forum in Washington about the outbreak, which has killed more people than SARS. Schuchat, the principal deputy governor of the CDC, is speaking at the National Press Club. Watch the live press conference here. — Feuer

Analysts at UBS affirmed the outbreak will potentially disrupt supply chains for major toy companies, adding that about 85% of the U.S. toy assiduity’s sales are supplied from China. While toymakers like Hasbro and Mattel have worked to decrease their dependence on factories in the region, more than half of their toys are currently produced in China. During Hasbro’s fourth-quarter earnings get, Deb Hancock, senior vice president of investor relations, said “it’s challenging to quantify the potential magnitude at this metre, as it will depend on how long it takes to contain the outbreak.” The company did not provide an estimated financial impact, but Hancock weighted “If it takes a significant period of time to control, there could be a larger impact of our business.” Mattel reports earnings Thursday. — Whey-faced

The Communist Party boss of China’s Huanggang big apple, which has been hard hit by the coronavirus outbreak, said the virus situation in city was still severe. The city keep ons to face shortages of medical supplies such as face masks and protective goggles, Liu Xuerong told a news congress carried live on state television. — Reuters

Federal Reservoir Chairman Jerome Powell said the U.S. central bank is “closely monitoring” the new coronavirus, its impact on China and the effect that it could enjoy on global economic growth. In his semiannual testimony before Congress, Powell said the new threat comes just as shoppers uncertainties have diminished, though the U.S. economy appears “resilient” to global headwinds. — Cox

British scientist Dr. Robin Shattock told CNBC the public shouldn’t expect a coronavirus vaccine to hit the call until early next year, despite recent advances. “The closest we’ll get to making this available will be pioneer next year, or later,” Shattock, head of mucosal infection and immunity at the Department of Medicine at Imperial College London, intended on “Squawk Box.” “It still requires a lot of testing to see if these vaccines are safe and then see if they work,” he added. Shattock is piece of a team in the U.K. exploring potential coronavirus vaccinations. The group has started animal testing and hopes to move on to human exam “within a period of months,” he said. — Bursztynsky

U.S. stock index tomorrows pointed to a higher open on Tuesday as Wall Street shrugged off concerns over the economic impact of the coronavirus outbreak. Circa 7:45 a.m. ET, Dow Jones Industrial Average futures were up 87 points. S&P 500 and Nasdaq 100 futures returned higher as well. Fears over the economic fallout from the outbreak have also been offset by total economic indicators. Jobs data released last week easily beat analyst expectations while U.S. putting together and services activity show signs of improvement. — Imbert, Smith

A 5-foot tall robot with a friendly face rolled into Times Square on Monday to help lend information about the new coronavirus to tourists. Curious passersby stopped, filled out a short questionnaire on an iPad-like touch process attached to the robot’s chest, and even had a conversation with the machine. Promobot was created by a Philadelphia-based start-up that makes autonomous help robots for businesses and is run by a group of Russians. “We did a special software to detect coronavirus symptoms,” the company’s chief business evolution officer, Oleg Kivorkutsev, told Reuters. — Reuters

The first confirmed case of novel coronavirus has been inaugurate among hundreds of people who were evacuated from China to military bases around the United States, it was divulged Monday. Four evacuees at Marine Corps Air Station Miramar in San Diego had been in federal quarantine after upstage symptoms of the virus but on Sunday, federal health officials said the people had tested negative and were sent repudiate to the base, where they joined more than 200 people who are under a 14-day quarantine. On Monday morning, manner, officials with the Centers for Disease Control and Prevention informed county health officials that “further examination revealed that one of the four patients tested positive” for novel coronavirus and the person was returned to hospital isolation, UC San Diego Condition said in a statement. Another evacuee from Miramar also was hospitalized for evaluation Monday afternoon, UC San Diego Healthfulness said. “Both patients are doing well and have minimal symptoms,” the statement said. This is the seventh clinched case of novel coronavirus in California and the 13th in the United States. — Associated Press

China’s fast-spreading coronavirus may peak in February, before cases then start to tableland and ease over the coming months, Beijing’s top economic adviser told Reuters. Zhong Nanshan, a leading epidemiologist who develop known around the world for his role tackling the SARS epidemic in 2003, said the situation in China was already presentation signs of improving, pointing to the number of new cases falling overnight. He added that he believes the outbreak would hill either by the middle or the end of February before the number of cases would then start to fall. Zhong had previously foreshadowed an earlier peak for the coronavirus, Reuters reported.

The director-general of the World Health Organization has reportedly warned that while almost all of the confirmed coronavirus cases are in China, the outbreak constitutes a “damned grave threat” for the rest of the world. “With 99% of cases in China, this remains very much an difficulty for that country, but one that holds a very grave threat for the rest of the world,” Tedros Adhanom Ghebreyesus turned during opening remarks of a meeting between more than 400 researchers and national authorities, Reuters divulged Tuesday. His comments come less than 24 hours after he told reporters at the U.N. health agency’s headquarters in Geneva that took places detected outside China “could be the spark that becomes a bigger fire.”

As of Monday night, China’s Nationalist Health Commission reported that a total of 42,638 cases had been confirmed in the country, with 1,016 undoings. (See 8:17 a.m. update).

Read CNBC’s coverage from CNBC’s Asia-Pacific team overnight here: WHO chief reports outbreak ‘holds a very grave threat’ for world. All times above are in Eastern time.

Reuters, The Associated Crush and CNBC’s Stephanie Landsman, Leslie Josephs, Nate Rattner, Hannah Miller, Sunny Kim, Michael Wayland, Sarah Unblemished, Jeff Cox, Jessica Bursztynsky, Fred Imbert and Elliot Smith contributed to this article.

Correction: This article was updated to right the dates of the Mobile World Congress conference. It’s Feb. 24 to 27.