New Jersey Declares State Of Emergency As Coronavirus Cases Triple In Greater New York: Live Updates
Update (0850ET): As the US market open draws near, investors are parsing a flood of coronavirus related news overnight, including the good (President Xi’s to Wuhan and a sharp drop in new cases in South Korea), the bad (US confirmed cases nearing 1,000), and the ugly (Italy’s crackdown is starting to resemble China’s, as the video below would suggest).
“Please stay at home & go outside only when you need to buy medicines or see doctors. Please follow our rules & wear face masks,” Italian authorities use loudspeakers to promote awareness among local residents about #COVID19 prevention and control.
While we’ve focused on some of the new developments in the US earlier, there’s plenty going on in Europe to rattle investor confidence. The number of confirmed coronavirus cases in Spain has doubled in the past few days, prompting the government to shut all schools in Madrid and the surrounding area for 2 weeks.
The Spanish parliament’s lower house suspended all activities on Tuesday for at least a week after a lawmaker with the country’s right-wing Vox Party was confirmed to have the virus.
MP Javier Ortega Smith was diagnosed with the virus, El Pais newspaper reported, citing sources from with Vox.
Ortega Smith is Vox’s No. 2 leader, and in this capacity participated in a large scale political rally last weekend, where we interacted with constituents and other lawmakers, Reuters said.
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NYC-based bankers better have a bugout base in Antarctica, because all the suburban bedroom communities preferred by wealthy financiers have already been infected with the coronavirus: Westchester, New Jersey, Fairfield County and Long Island (though thankfully not the Hamptons) have all reported cases of the virus (even scarier: a handful of infections have no clear connection to another case, potentially offering a glimpse into what might be a much wider ‘community outbreak’).
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