Wuhan Virus Update, February 24, 2020

Luke 21:11b …and in various places famines and pestilences. -Jesus

February 24, 2020: The Wuhan Virus has left main land China and is spreading internationally. The number of infected has seen a significant jump in South Korea, Italy, and Iran. Here is an overview from global headlines around the world from the internet.

wuhan iran

South Korea: The number of cases is now approaching 900 with 8 deaths. The government has placed the city of Daegu and its 2.5 million people on lock down. Samsung has closed operations in Gumi at a phone manufacturing facility where an employee has been infected.

~

Italy: The concern is the virus will spread into Europe. Austria has blocked traffic coming from Italy at the border. 11 towns east of Milan in northern Italy have quarantined. The towns have roughly 50,000 residents. Across the country, Italians are emptying grocery stores for supplies. Food shortages are being reported in northern Italy. Schools and museums have been closed. Airport screenings are now taking place. Milan Fashion Week has been severely impacted. As of the post, Italy reports 231 infected with 7 deaths.

https://www.rt.com/news/481542-milan-zombie-apocalypse-coronavirus/

~

Iran: There appears to be some conflicting information coming out of Shia leadership in Tehran. For the record, Iran is reporting 61 cases with 12 deaths. However, an Iranian legislator is stating there are 50 deaths in Qom. Of note, Qom is the home of Shia religious sites and Qom is also home to a nuclear facility.

Other foreign countries are not taking any chances. Turkey, Armenia, Afghanistan, and Iraq have closed their borders with Iran.

Complicating the situation, the Corona Virus is making its way into the Middle East.

The World Health Organization (WHO) remains stead fast in not calling the current situation a pandemic.

~

The stock markets around the globe are starting to react to the financial impact of the Wuhan Virus. The Dow Jones Industrial was down over 1,000 points at times today. Interest rates reached all time lows in the United States. 10 year Treasury notes closed at 1.396%. 30 year Treasury notes closed at 1.857%. Oil has fallen to $50 per barrel. Global supply chains are being impacted due to a lack of economic activity. Economic activity is zero in parts of the far east.

Check out PaulthePoke’s financial planning and economic expert Michael Douville and his comments on the impact of the Wuhan Virus. Click on the link below.

 

Here is the latest statistical data from around the globe.

  • 80,000+ infected world wide
  • 2,699 deaths reported
  • 37 countries impacted
  • Fatality rate of 1-2% infected

Track virus statistics at the Johns Hopkins CSSE link below.

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: