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New York confirms first coronavirus case; U.S. ramps up preparations

Published 03/01/2020, 09:14 PM
Updated 03/01/2020, 09:14 PM
© Reuters. A medic prepares to transfer a patient on a stretcher to an ambulance at the Life Care Center of Kirkland, the long-term care facility linked to the two of three confirmed coronavirus cases in the state, in Kirkland

By Andrea Shalal

WASHINGTON (Reuters) - New York state confirmed its first positive coronavirus test, Governor Andrew Cuomo said on Sunday night, as the U.S. government said it would start screening travelers for the virus and hike production of protective masks.

Cuomo said on Twitter that a woman in her 30s contracted coronavirus during a recent trip to Iran and was in quarantine in her home. He did not say where the woman lived.

"The patient has respiratory symptoms, but is not in serious condition and has been in a controlled situation since arriving in New York," Cuomo said.

At the federal level, President Donald Trump's administration scrambled on Sunday to reassure Americans as the disease spreads and businesses cancel conferences and flights.

Administration officials tried to calm market fears that the coronavirus could cause a global recession, saying the public had overreacted and that stocks would bounce back because of the underlying strength of the U.S. economy.

The first American died from coronavirus, a man in his 50s with underlying conditions in Washington state, officials said on Saturday. They still do not know how he contracted the disease.

The state on Sunday confirmed two other cases and locked down a long-term care facility where a resident and a worker also tested positive for coronavirus and 50 residents and staff are showing symptoms.

Over 70 cases have been reported in the United States, with most on the West Coast but new cases in the Chicago area and Rhode Island, aside from New York.

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Stock markets plunged last week, with an index of global stocks setting its largest weekly fall since the 2008 financial crisis, and more than $5 trillion wiped off the value of stocks worldwide.

A key energy conference in Houston that brings together oil ministers and energy firms was canceled on Sunday with the organizers of CERAWeek noting that border health checks were becoming more restrictive and companies had begun barring non-essential travel to protect workers.

A world economy conference with Pope Francis due to take place in Italy later this month was also canceled.

'WE'RE READY'

Trump said on Sunday that travelers to the United States from countries at high risk of coronavirus would be screened before boarding and on arrival, without specifying which countries.

Delta Air Lines Inc (NYSE:DAL) said on Sunday it was suspending until May flights to Milan in northern Italy where most of that country's coronavirus cases have been reported. Flights will continue to Rome. American Airlines (NASDAQ:AAL) Group Inc announced a similar move late on Saturday.

The United States has 75,000 test kits for coronavirus and will expand that number "radically" in coming weeks, U.S. Health and Human Services Secretary Alex Azar told ABC's "This Week" on Sunday.

Vice President Mike Pence said the government had contracted 3M (NYSE:MMM) Co to produce an extra 35 million respiratory masks a month. He urged Americans not to buy the masks, which he said were only needed by healthcare workers. Honeywell International Inc (NYSE:HON) is the other major U.S. mask producer.

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He also told Fox News that clinical trials of a coronavirus vaccine would start in six weeks but that a vaccine would likely not be available this season.

Democrats, who will challenge Trump for the presidency in the Nov. 3 election, have criticized his administration for downplaying the crisis and not preparing for the disease to spread in the United States.

Pence, whom Trump appointed last week to run the White House's coronavirus response, said Americans should brace for more cases but that the "vast majority" of those who contracted the disease would recover.

"Other than in areas where there are individuals that have been infected with the coronavirus, people need to understand that for the average American, the risk does remain low. We're ready," Pence told NBC's "Meet the Press."

The United States has imposed limits on travelers who have visited Iran and recommended against travel to hard-hit areas of Italy and South Korea.

Trump said on Saturday that the United States was also considering shutting the country's southern border with Mexico to control the spread of the virus, adding: "We hope we won't have to do that."

Mexico has reported four coronavirus cases. Its Foreign Ministry said on Saturday that both governments were in "close and effective communication, especially the health authorities."

Latest comments

Japan buying futures bc all fear mongering, short squeeze..
Japan central bank rescuing, futures up 320
Last time I checked the death toll just went past 3,000 people. The influenza death toll in the 2018-2019 season was 34,200. Do you think this is being blown out proportion??? I definitely do.
Last time I checked this year isn’t over yet and many countries like China, Thailand, Indonesia, etc. under reporting cases. US is not even actively testing. Most deaths are also assigned to influenza to mask real numbers. If you look at ***rate in more transparent territories such as Korea and Italy, NCOV-19 20 x to 50 x deadlier (depends on level of health system) than flu. Most people still in denial unfortunately and govn’t/media putting best spin to project calm...bond market knows better and more pain coming due to supply disruptions.
I'm pretty sure China shut down a major city (Shanghai) because it was unnecessary and Corona virus is blown out of proportion.
The Corona Virus is new and just starting to spread. You have to think of the yearly death tole only after it has reached full saturation for 1 year. Influenza has been around for 100's of years and is ubiquitous. It's amazing the number of people that don't understand this.
DOW futures down 750 trump called it Dem hoax and denying there is a problem the markets do not like his response.....they were looking for plans and leadership
No... they are looking for answers to questions from the epicenter of the disease... with so much supply side in china... we need to know those factors are actually producing... there was one guy who warned about this with steel production... and hos name has the word president in front of it... four... more... years... please
its much too late now it is alright out among the public another trump ********up
Fake News media will blast fear news non stop.
First time i’m agreeing with you Mr. David Wong.
media creating feae it is just like the fly virus our immune system will take care of it . Lots of Chicken soup
the N95 is a one time use this is why the SG is telling people stop buying mask. The fabric is great for initial wear but after about 24hrs of use the micro filaments stretch out; basically you need a new mask every day. Also... 3M’s started losing share price when the Chinese economy started to contract because most of the equipment they make is for industrial use, the Chinese PMI number explain this and the way this stock is correlated; cyclical. The amount of respirators they are producing in Asia will continue to be the new norm as you cannot reuse these ventilators once they are used you have to destroy them or you will infect anyone else who doesn’t have the virus. Yeah this is going to be a compounding event.
Long 3M
loooong all day • In Aberdeen, South Dakota, more than 650 employees at one of 3M's (NYSE:MMM) largest manufacturing plants are working overtime to increase face mask output. • "We immediately ramped up production in this facility," said facility manager Andy Rehder. "We have capacity to do that and we did that immediately... really from a more standard five-day to a seven-day week." • The Department of Health and Human Services said earlier this week the U.S. currently has a stockpile of roughly 30M N95 masks, but needs nearly 300M amid rising risks from the U.S. coronavirus outbreak
Yes long 3m... always long 3m but not because of any of this but because they lagged last year and gpt infairly pummeled again... bog catch up coming
hi
hi
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