Stocks Slide As CDC Confirms 53 Cases In The US

Monday, February 24, 2020
By Paul Martin

by Tyler Durden
ZeroHedge.com
Mon, 02/24/2020

Summary:

Stocks slide as CDC releases new US case numbers
Italy reports 7th death, 200+ confirmed cases
WHO says outbreak not yet a ‘pandemic’
First cases reported in Oman, Bahrain
WHO kowtows to China in statement
Wuhan issues order to loosen lockdown, then U-turns
NHC says outbreak is fading, though situation remains “grim”
China approves crackdown on wildlife trade after WHO says virus likely came from bats
Iranian lawmaker says more than 50 deaths in Qom; officials say 12
Hong Kong bars South Koreans
more cases reported in SK
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Update (1220ET): US stocks took another leg lower, falling to their lowest levels of the session with the Dow down 1,000 points, following the latest headlines out of the CDC confirming 39 cases of the virus have been detected among the rest of the ~300 individuals from the ‘Diamond Princess’.

The CDC reportedly opposed the State Department’s decision to allow 14 individuals who were confirmed to be infected to travel on the evac flight after their cases were confirmed just before takeoff, thanks to one of the many botched, drop-the-ball moments attributed to Japanese health officials.

This is exactly what they warned about: In addition to the 14 people who were already infected, it appears another 25 were infected on the flight back – where the sick individuals were separated by the rest using duct tape and a thin tarp-like sheet.

That brings total US cases to 53.

Meanwhile, the CD isolated 14 cases outside those who caught the virus aboard the DP.

U.S. CDC SAYS 14 CONFIRMED CASES OF COVID-19 AS OF FEB. 24, 39 CASES AMONG THOSE REPATRIATED TO U.S.

Six of these cases are believed to be in San Antonio, according to local press reports.

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Update (1215ET): Just figured we’d point out: While WHO warns that there’s nothing to fear, Beijing is trying to force its population back to work after six provinces outside Hubei lowered their emergency ratings earlier.

That push has led to more scenes like this one:

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Update (1115ET): Shortly before it voted to postpone its annual national congress, the Standing Committee of the National People’s Congress in China passed legislation approving a crackdown on the illegal wildlife trade on Monday.

Though SJWs have insisted that criticizing Chinese practices like eating ‘bat soup’ is ‘racist’, WHO scientists warned Monday morning that initial research suggests that the virus was transmitted to the first human cases via consumption of a bat, or possibly a pangolin that had been exposed to the virus via a bat, WaPo reports.

We published an explainer about how the wildlife trade, which has been illegal on paper for years, managed to flourish in the Chinese countryside as a king of grey market due to its immense profitability.

Now, it appears local farmers will be forced to return to growing crops, a far less lucrative trade than hawking bats and snakes, apparently.

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