Trump Offers China “Any Help Necessary” As First Coronavirus Death Confirmed In Beijing

Monday, January 27, 2020
By Paul Martin

by Tyler Durden
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.

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.

Unfortunately, the reaction in the market was muted, and stocks remain slightly above their session lows.

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