Wuhan Virus Update, February 2, 2020
Luke 21:11b …and in various places famines and pestilences. -Jesus
Thursday, 1/30/20: The World Health Organization finally declared a global emergency regarding the Wuhan Virus. Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization is calling “all countries to work together in a spirit of solidarity and cooperation. We are all in this together, and we can only stop it together.”
Click on the link below for the WHO complete statement and declaration.
President Trump and the United States declared a public health emergency on Friday, 1/31/20.
“I want to emphasize that this is a serious health situation in China, but I want to emphasize that the risk to the American public is currently low. Our goal is to do all we can do to keep it that way,” Centers for Disease Control and Prevention (CDC) Director Robert Redfield
The Wuhan Virus is starting to make an economic impact on global markets. On Friday, 1/31/20, the Dow Jones Industrial Index in the United States closed down 603.41 points, or 2.1%, to 28,256.03.
The economic impact is likely to be significant considering China’s consumption of goods as measured against the rest of the planet. Chinese financial regulators are set to provide $173 billion of liquidity when markets open on Monday, February 3, 2020.
Michael Douville has weighed in on the impact of the Wuhan Virus as well. The virus may be the tipping point for the global economy. Michael has been monitoring the slowing global economy for at least the last 6 months. Indexes show shipping around the planet is slowing. On Friday, the yield curve in the bond market inverted which indicates a slowing economy. Economic activity is halting across China because of the Wuhan Virus. Michael likes gold, silver, bonds and rental properties. As always, check with your financial consultant. Click on the link below for Michael’s comments on the Wuhan Virus impact.
https://drive.google.com/file/d/1fs9AOcvaWXwGaNRXcAh-DRh8k–hyliH/view
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The following points are from various headlines across the internet. These information points are continually expanding.
- Companies like Apple, Google, Starbucks, Ikea, and Tesla are closing operations and stores in China.
- Global airlines are suspending flights in and out of China.
- The U.S. State Department has alerted Americans not to travel to China.
- Other countries limiting travel to China include Japan, Australia, Vietnam, Qatar, Turkmenistan, Singapore, New Zealand
- North Korea and Russia have closed their borders to China.
The New York Times is providing live updates on the Wuhan Virus. The stream is loaded with all kinds of information including an embedded reporter in Wuhan. See the link below.
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There is the following headline out of New Zealand and suppressed death numbers. Coronavirus: China accused of ‘burning bodies in secret’
The New York Post published an article indicating there may be as many as 75,000 already infected. Other news outlets globally are indicating the same.
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February 2, 2020: Here is the latest update regarding the spread of the Wuhan Coronavirus… Allegedly… Numbers and data are rapidly changing.
- 14,549 infected world wide
- 305 deaths
- First death reported outside of China in the Philippines
- At least 60,000,000 people remain quarantined.
- Virus is now reported in at least 25 countries.
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