COVID-19 Tuesday Morning

By Dr. John Campbell

I may be repeating what others have said, but if the Italian doctor has been in Tenerife for a week, then infections were occurring in Italy at least a week ago. That could explain their relatively high death rates, as there are likely a much larger number of mild cases there. And perhaps elsewhere, as obtaining a covid19 test seems to depend upon contact with Chinese.

Kudos to John for sticking with his convictions. I’ve watched John’s opinion of the WHO slowly slide from disbelief to complete incompetence. This is a positive transition. Keep it up!

Breaking: Dow Drops 960 Points at Open Over Fears of Coronavirus

 

The Dow Jones erased all gains for 2020 at its open on Monday over fears of the spread of the coronavirus.

The stock market was down 3.12% when it opened on Monday.

Over the weekend there were major outbreaks of the coronavirus reported in South Korea, Italy and Iran.
The virus is spreading.

Six nations banned people crossing the border from Iran in an attempt to cut off the spread of the deadly virus.

There are at least 600 cases reported in South Korea.

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Coronavirus: Store Shelves Empty as Panic Buying Hits Italy

Infected victims jump from 3 to 165 in just a few days.

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People in several regions of Italy have reacted to coronavirus spreading throughout the country by panic buying, leaving some store shelves empty.

With 165 people infected, Italy has the most coronavirus victims out of any country in Europe. Five people have died.

Footage out of Milan shot yesterday shows some products almost or entirely out of stock.

Some residents flippantly likened the situation to a “zombie apocalypse.”

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Lock downs are in place in the regions of Lombardy and Veneto, with 50,000 people being unable to leave without special permission.

Numerous museums, cinemas, bars, businesses and schools have also shut down and sporting activities have been suspended.

The Venice Carnival was also cancelled, while designer Giorgio Armani streamed his Milan Fashion Week event from an empty theater.

The panic is largely being driven by the speed at which coronavirus cases in Italy jumped from just 3 on Thursday to over 150 by the end of the weekend.

Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From “Bad” To “Ugly”

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Submitted by Michael Every of Rabobank

Regular readers will know that our four projected COVID-19 scenarios were “Bad, Worse, Ugly, and Unthinkable”. Current news today suggests risks that the base case is rapidly shifting from “Bad”, meaning only China is impacted, to “Ugly”, where both emerging Asia and developed economies see soaring infection rates and deaths.

After all, following Vietnam, Iran now has eight deaths and an uncertain number of cases, prompting schools and universities to closed and the borders with Afghanistan and Pakistan to be sealed from the other side. For an economy already being crushed by sanctions, this is all that it needed. More worrying for markets, South Korea (with a GDP of over USD1 trillion) has also been swamped by hundreds of new cases, a 20-fold leap in just five days, and, as in China, is seeing the highest-level emergency declared, cities on lock-down, gatherings and travel bans in place, and the national assembly additionally suspended. Samsung has had to shutter at least one factory, in the city of Gumi. The Asian economy, already reeling, it about to suffer another major kick.

Worse, in Europe there also are over 160 cases in a cluster in northern Italy, with three deaths so far, and the regions of Lombardy and Veneto, the industrial and financial heartlands, in both panic and lockdown. Venice’s Carnival has been cancelled, and so was a recent fashion show. Italy is 11% of Eurozone GDP, and those two regions are 30% of Italy’s GDP. For a Eurozone already close to recession, that shock could well be more than enough to generate a downturn. Once again, we also see what we said we would in our recent virus special report: a “China-style” response: yesterday a train from Venice to Munich was stopped at the Austrian border because of fears that two passengers on board may have had the virus. So much for Schengen? Recall that the origins of the world “quarantine” come from Venice in an earlier phase of globalisation, and refer to the *40* days sailors had to stay on a visiting ship to prove they were not carrying an infectious disease. No just-in-time supply chains in those days though.

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Meanwhile, China is saying the virus may not have started in the seafood market; hot-headed Chinese social media is saying it might have been America who started it; experts are saying COVID-19 can linger on surfaces for nine days, and is airborne, and can be passively carried with no symptoms for up to *27* days, nearly double the 14 days previously thought; and other reports show that false negative tests are a serious issue, with at least one confirmed case of a patient being tested negative twice and then switching to positive. As the WHO, which has urged us all to travel as normal until now, “because markets”, wails, the window to stop this becoming a global pandemic is closing.

By contrast, China is doing its best to say that all is well. Unsurprisingly, since Party Chairman Xi Jinping placed his hand-picked people in charge, new cases have dropped sharply. Optimists see this means the lockdowns have worked – which means more global lockdowns must now be priced in, however; pessimists suggest data goal-seeking is playing a role here. However, deaths have not fallen yet, with another 97 yesterday raising the overall fatality rate worryingly (and one study of 53 Wuhan patients suggests a 61.5% fatality rate for those with any co-morbidity factor such as diabetes and/or heart or lung disease).

Just as unsurprisingly, Xi has publicly promised China will have beaten the virus by the end of March, and that the overall economic goals for 2020 are still in place, even as right now we are still basically flat-lining as shown by traffic congestion, pollution, and property sales. As we have already covered in recent weeks, the only way for BAU to return ASAP is for everyone to start travelling and gathering and working again: which is exactly how the virus will spread, especially after we have been told there is a 27-day latent period, as well as a clear tendency of asymptomatic carriers, and even more so now it has legs outside China too. Even so, people are being urged back to work as eagerly as they were being told to lock themselves in at home just two weeks ago.

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Equally unsurprisingly, the PBOC, who have already lowered rates 10bp, are making clear that COVID-19 “will be short-lived and will not change the country’s sound economic fundamentals”. With several reports suggesting up to 85% of China’s small business are going to run out of cash within three months, and many within weeks, its banks riddled with bad loans and already under-capitalised, and the state clearly about to embark on another massive debt-splurge to build more infrastructure to keep to a set GDP number regardless, even when China does re-emerge from COVID-19 it will be sagging under an even more unsustainable debt load, and the state will be playing an even larger economic role. It’s also unclear if foreign firms will be as willing to be embedded in a long, China-centric supply chain regardless, making USD inflows less likely; and all of those issues above will mean the weaker CNY we have referred to for years. It is no surprise we are through 7 again; the larger surprise is that we are not closer to 7.20.

More broadly, of course, the “Ugly” scenario is seeing US Treasury yields test critical support levels. The 10-year is now at 1.47% and another leg down will see us in whole new territory. Likewise, the USD is on a roll upwards and threatening to push higher: imagine if European virus cases spread, the same happens in Japan, and China cannot reopen as planned. And imagine what a stronger USD on top of this virus backdrop will mean for emerging-market USD borrowers. Ugly indeed.

Such is the news-flow that I hardly have time to relate that Bernie Sanders handily won the Nevada Democratic caucus, leaving Joe “White Walker” Biden in a poor second place and Mike Bloomberg looking as user-friendly as his terminals are. That makes Bernie the clear presidential nominee front-runner at this stage – and makes many Never-Trumpers into Rather-Trumpers, I would imagine. And imagine if Bernie’s plans for free healthcare for all intersect with a virus outbreak in the US….(on which note, please see our recent Through The Looking Glass report imagining a Sanders presidency).

COVID-19 Monday morning news

By Dr. John Campbell – 2/24/2020

You can’t call a pandemic if the word doesn’t exist in the WHO vocabulary as of today.

The WHO has no credibility. It’s just a mouthpiece of the governments that fund it. They want to avoid financial collapse at all cost so of course the WHO downplays threats. Follow the money. Right now they are just buying time before everything goes to shit. Intelligent people should prepare accordingly.

 

Coronavirus Deaths Outside China Spike As WHO Team Visits Wuhan: Live Updates

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Summary:

  • Italy confirms second death, 12 towns on lockdown, more than 50 cases confirmed

  • Japan cases triple in a week to 121

  • Chinese scientists find virus in urine

  • Experts propose 27 day quarantine, say 14 days likely not long enough

  • Cases outside China go exponential

  • WHO team visits Wuhan; will give Monday press conference

  • Iran reports 10 new cases, deaths climb to 5

  • San Diego says 200 under ‘medical observation’

  • Young woman infected five relatives without ever showing symptoms

  • South Korea cases surge 8-fold in 4 days to 433; country reports third death

* * *

Update (1100ET): Italian health officials have confirmed nearly two dozen more cases across Lombardy and Veneto, according to Bloomberg.

The Lombardy region has 39 coronavirus cases with another 12 cases in the Veneto, regional officials said in a press conference Saturday in Milan. Most of the cases are in the Codogno area, 60 kilometers (37 miles) from Milan. A woman who was found dead in her home subsequently tested positive, the health secretary said. Earlier, three tourists in Rome were diagnosed with the virus.

* * *

When WHO Director-General Dr. Tedros was asked on Thursday whether the COVID-19 virus was at a tipping point, he replied that the window to stop the outbreak from growing exponentially worse was rapidly closing.

Though by Friday night, it certainly seemed like that window had slammed shut. In South Korea, cases went exponential, soaring by 70% in one day.

Overnight, the country reported another rash of confirmed cases, bringing the total to 433, with 352 in Daegu, presumably members of the cult-like church where a ‘super-spreader’ worshipped. That marks an eight-fold increase in cases in just four days for South Korea, as the AP reported.

SK also reported its third death, a man in his 40s who was found dead in his apartment and posthumously tested.

South Korean health officials warned they could soon see a rash of deaths as several patients are in serious condition. Virus patients with signs of pneumonia or other serious conditions at the Cheongdo hospital were transferred elsewhere as 17 of them are in critical condition, according to SK Vice Health Minister Kim Gang-lip told reporters.

The country has followed China in imposing quarantines (everyone is too terrified to go outside anyway) and they’re hoping to prevent a national outbreak, despite a few cases in Seoul that weren’t immediately traceable to an obvious source, which is sort of discouraging.

“Although we are beginning to see some more cases nationwide, infections are still sporadic outside of the special management zone of Daegu and North Gyeongsang Province,” Kim said during a briefing. He called for maintaining strong border controls to prevent infections from China and elsewhere from entering South Korea.

In Italy, a seemingly minor outbreak went exponential. By day’s end, Italian health authorities had confirmed their first virus-related fatality, and 12 towns in Lombardy were under strict quarantine orders with residents huddling terrified inside their homes, a tableau that has become all too familiar by now. Another fatality followed overnight, as a couple more towns joined in the lockdown. This marked Italy as the first European country to see its own nationals succumb to the virus, according to Euronews.

Across Italy, there are 32 cases in Codogno, Lombardy, and seven in Veneto, according to the AFP and Sky Italia television. Many of the new cases represented the first infections in Italy acquired through secondary contagion.

In Iran, 10 more cases, and one more death, were recorded overnight. That brings the total number of confirmed cases to 28, including cases in Qom and Tehran. So far, five Iranians have died.

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As we await more information out of China, CNBC’s Eunice Yoon reports that the team would hold a press briefing on Monday at 6 am ET.

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Meanwhile, as we noted yesterday, the team has arrived in Wuhan, where it’s gathering information and observing the situation on the ground.

The team has already been to three Chinese provinces, Beijing, Sichuan and Guangdong, but are only now just visiting the city at the heart of the outbreak. Dr. Tedros confirmed the trip during public comments on Saturday, where he once again shared some familiar words.

“We have to take advantage of the window of opportunity we have, to attack the virus outbreak with a sense of urgency,” Dr. Tedros told the leaders, who had gathered for an emergency meeting on the response to the coronavirus in the continent.

President Xi said Saturday that the situation in Wuhan remains ‘grim and complex’ – which means the WHO team should be in for an eye-opening experience.

As of Saturday morning in the US, 1,200 cases of COVID-19 have been diagnosed outside China. More than 200 cases have been confirmed in South Korea, more than 30 in Italy, roughly a dozen in Iran, and one in Egypt, the first to be confirmed in Africa. China has reported over 76,000 cases, including over 2,300 deaths.

Confirmed cases in Japan rose to 121 on Saturday, having more than tripled in a week.

Meanwhile, the Washington Post reports that health officials and the cruise line are continuing to test crew members aboard the Diamond Princess. So far, 74 crew have been confirmed to have the virus, but they have been included in the toll already.

SCMP

So far, China has reported only 397 new cases Saturday, as the rate of increase continued to decline, but another 109 have died. And even the Washington Post acknowledges that there is a “great deal of skepticism” about China’s numbers, according to a new case study seen by Reuters.

Cases where patients didn’t show signs of infection for longer than two weeks have prompted some epidemiologists to suggest a 27 day quarantine period instead of just a 14 day. Also on Saturday scientists in China revealed that they had discovered a strain of the virus in a patient’s urine, raising new and uncomfortable questions about the virus’s ability to spread through sewer systems.

There have also been several new indications that the virus’s incubation period might be longer than the 14 days currently believed. A woman in Wuhan with no symptoms infected five relatives without every showing signs of infection.

In the US, health officials are scrambling to contain the fallout from the evacuation of 300 Americans from the ‘Diamond Princess’. It appears that the decision to transport 14 infected passengers along with the rest of the group was a disaster. Dozens of others appear to have been infected either during the trip, or shortly before.

But in San Diego, officials announced that they’re monitoring some 200 cases, none of which had anything to do with the ship.

After confirmed US cases more than doubled to 34 on Friday, officials in San Diego on Saturday confirmed that more than 200 people are currently being monitored over virus concerns, according to ABC News 10.

Officials said everyone being monitored had either come in contact with one of the three confirmed cases, or others under suspicion. Health officials didn’t exactly offer specific details.

They’re among more than 300 people who have been, or are being, ‘monitored’ by the county.

The 204 people under county supervision include those deemed at risk of having been exposed to the virus due to close contact with confirmed cases or because of travel to China in the past 14 days, the county said.

Those individuals are monitoring their health under the supervision of county health officials.

So far, 338 people in all have been monitored by the county, with 134 people completing their time under supervision.

Health officials say the CDC is conducting screening for those landing at one of 11 U.S. airports from China. From there, if a patient shows no symptoms they are self-quarantined at home for self-monitoring with public health supervision.

Keep in mind: These individuals aren’t being held in isolation or a mandatory quarantine. Instead, they’ve been asked to self-quarantine, and immediately report any suspicious symptoms.

San Diego has had two confirmed cases of coronavirus, or COVID-19, among the evacuees who were flown out of Wuhan a few weeks ago. One patient has since recovered from the virus and has been released. The second patient is still receiving care. A third patient, reportedly a child, is still awaiting test results, but has been said to be showing symptoms.

When they extended a coronavirus-related emergency declaration for another 30 days, officials said there were no signs the virus was spreading around San Diego. But it never hurts to be cautious.

Before we go, we wanted to remind readers of a chart we first shared a couple of days ago:

Coronavirus Cases Doubling Overnight In Many Countries

2/22/2020

The WHO is a lying, corrupt, propaganda machine for the CCP, they are the last place to go for info on this virus. I would rather listen to some independent info gatherers on YT (the people that the WHO call miss-information spreaders) as their info has turned out to be more accurate than what the WHO has being peddling on behalf of the CCP and other globalist pressures, over the last month or so.

 

SOUTH KOREA REPORTS 52 MORE CORONAVIRUS CASES

South Korea Reports 52 More Coronavirus Cases

Country now has second-highest number of infections after China

Deutsche Welle – FEBRUARY 21, 2020

South Korea reported 52 new cases of coronavirus, or COVID-19 on Friday, taking up the number of infected to 156.

The country now has the second highest number of infected people after China.

The country also confirmed its first death from coronavirus on Thursday.

The Korean Centers for Disease Control and Prevention said that of the new cases, 39 were from the southern city of Daegu. All of these cases were linked to the Shincheonji Church of Jesus in the city.

The infections have been traced to a 61-year-old woman, who attended the church. The sect has since shut down its services. The mayor of Daegu, Kwon Young-jin has advised residents to stay indoors as much as possible.

Prime Minister Chung Sye-kyun said that Daegu and the neighboring area of Cheongdo County would be declared as “special care zones.”

The government is trying to identify those who might have come in contact with infected people, and diagnose the disease at the earliest opportunity.

“We will proactively provide necessary assistance including sickbeds, personnel, and equipment,” the PM said in a meeting with senior officials.

Also on Friday, officials in the capital Seoul banned public rallies in a bid to control the spread of the disease.

The coronavirus outbreak that originated in China has infected more than 76,000 globally. It was named COVID-19 by the World Health Organization due the coronavirus that causes it, and the year 2019 when it originated.

Room to room

By Dr. John Campbell – 2/21/2020

My son is in South Korea with the US Army at a base in Daegu. He said the generals are taking this very seriously. Thank you for the updates. It’s lack of information that causes fear for some of us.

 

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