Trump Offers China “Any Help Necessary” As First Coronavirus Death Confirmed In Beijing
by Tyler Durden
ZeroHedge.com
Mon, 01/27/2020
Update (1030ET): Chinese state media have just confirmed that Beijing has suffered its first confirmed death from the novel coronavirus. They also confirmed 8 new confirmed cases.
#Updates: Beijing reported eight new confirmed #coronavirus cases on Monday, one death. pic.twitter.com/DIdVnInrqY
— Global Times (@globaltimesnews) January 27, 2020
Macau has just confirmed its seventh case.
The total number of confirmed cases has climbed to 2882, though the true number of cases out there is likely much higher, as experts have warned.
Update(1000ET): US stocks are deep in the red Monday morning, on track for their worst day in four months, thanks to the fact that the market and the world realized over the weekend that the extremely infectious novel coronavirus has overwhelmed China’s capacity to contain it.
And right on time, here comes President Trump, with a weak attempt to pump the market.
Minutes ago, the president tweeted that the US had offered China “any help that is necessary”, while advising that the US is “strongly on watch” for signs that the virus is spreading.
We are in very close communication with China concerning the virus. Very few cases reported in USA, but strongly on watch. We have offered China and President Xi any help that is necessary. Our experts are extraordinary!
— Donald J. Trump (@realDonaldTrump) January 27, 2020
Unfortunately, the reaction in the market was muted, and stocks remain slightly above their session lows.
