Market Pukes As California Governor Says State ‘Monitoring’ 8,400 For Coronavirus; 33 Have Tested Positive:; 700 Asked To ‘Self-Isolate’ In New York Live Updates

Thursday, February 27, 2020
By Paul Martin

by Tyler Durden
ZeroHedge.com
Thu, 02/27/2020

Summary:

WHO says outbreak in Iran likely worse than official numbers suggest; outbreak could go in “any direction”
Cali monitoring 8400, 28 cases in the state
Dozens of hospital staffers who treated US coronavirus patient with ‘unknown’ origin being ‘monitored’
Facebook cancels annual ‘F8′ developers’ conference
700 in New York asked to ‘self-isolate’
Iran confirms 26 deaths, vice president for women and family affairs infected
Northern Ireland confirms first case
Norway confirms three new cases
Germany confirms 14 new cases
Lagarde: Not yet time for ECB to intervene to fight economic backlash of outbreak
HHS says risk to public remains “low”
Italy reports 3 more deaths, bringing total to 17
Pence, Azar appoint Mnuchin, Kudlow & Surgeon General Adams to Coronavirus Task Force
Starbucks says it has reopened 85% of Chinese restaurants
Azar: Sonoma case might be ‘community transmission’
Salvini meets with Italian president amid national unity government speculation
South Korean new cases surpass China’s new cases as SK confirms 505 new cases
China, Japan close school nationwide
CDC fears ‘community outbreak’ in Sonoma County after discovering first US case of “unknown origin”
CDC says patient from Solano county
Saudi Arabia suspends pilgrimages to Holy Sites
Hawaiian Airlines suspends service to South Korea
Brazil’s neighbors take steps to keep virus out
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Update (1450ET): 700 people in New York have been asked to ‘self-isolate’ for two weeks because of coronavirus fears, according to the New York State Health Department.

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Update (1430ET): The Modesto Bee reports that UC Davis Medical Center in Sacramento, the hospital where the mysterious coronavirus patient with no link to China is being treated, has told several workers exposed to the virus to stay home and watch for symptoms.

Below, we reported some of the comments from Gov. Newsom’s 11 am PT presser. He also insisted that the chances of an outbreak in California are “extremely low”, and that the state is not planning on making an emergency declaration.

“Right now, I don’t think it’s necessary,” he said.

Otherwise, the paper added, it’s just “business as usual” at the UC Davis Medial Center (we’re sure the thousands of freaked-out patients and staff would agree).

The hospital first became entangled in the crisis after local and federal health officials confirmed that the facility on Stockton Boulevard was treating the first US case of COVID-19 from an unknown origin.

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Update (1405ET): France has reported its 38th case, as 20 new confirmations are announced.

FRANCE NOW HAS 38 CONFIRMED CASES OF CORONAVIRUS – FRENCH HEALTH MINISTER
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Update (1355ET): Norway has confirmed three more cases as the flow of coronavirus news accelerates dramatically.

Finally, some good news on Thursday: Apple CEO Tim Cook says he believes China is getting the coronavirus outbreak under control: “It feels to me that China is getting the coronavirus under control” during interview with Fox Business Network’s Susan Li.

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Update (1250ET): Minutes after Newsom’s disturbing confirmation, the Trump Administration, in an obvious attempt to pump the market, leaked their plans to use the ‘Defense Production Act’ to force American companies to start manufacturing protective masks and other medical supplies.

This is critical since the supply chains across China have collapsed.

EXCLUSIVE-TRUMP ADMINISTRATION DISCUSSING USING DEFENSE PRODUCTION ACT TO COMPEL COMPANIES TO RAMP UP MANUFACTURING OF CORONAVIRUS PROTECTIVE MASKS AND CLOTHING -OFFICIALS

Meanwhile, health officials have just confirmed the first case in Northern Ireland, bringing the UK total to 16.

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