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All times below are in Eastern time.
Total cases: About 20,900 as of Tuesday morning.
Total deaths: At least 427 worldwide as of Tuesday morning.
11:30 am: WHO briefs member countries on outbreak
The World Health Organization will hold a technical briefing at 11:30 a.m. ET to update member countries on the new coronavirus outbreak. The briefing is part of the WHO’s executive board proceedings. The executive board is made up of 34 health experts, each designated by one member state elected by the World Health Assembly, according to the WHO. Watch the briefing here.
11:06 am: Coronavirus damages China’s auto industry
The extended factory shutdown in China is costing automakers that have idled plants as the government grapples with a worsening virus outbreak that has already claimed more than 420 lives. Automotive research firm IHS Markit expects automakers to lose about 350,000 units of vehicle production in the first quarter as local Chinese governments keep plants closed to keep the new coronavirus from spreading. If the plants remain closed until mid-March, as some industry analysts have speculated, IHS forecasts lost production of more than 1.7 million units for the first quarter a roughly 32.3% decline from its initial expectations before the virus emerged.
10:47 am: New coronavirus will likely cause annual outbreaks
10:10 am: Royal Caribbean Cruises says it expects earnings hit
Royal Caribbean Cruises said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China and changing other itineraries in the region because of the outbreak. The cruise line also implemented multiple measures to protect passengers against the illness. Boarding will be denied to anyone who has traveled through mainland China or Hong Kong in the past 15 days. Mandatory health screenings will also be performed on guests who have a China or Hong Kong passport.
9:14 am: Larry Kudlow says virus will delay export ‘boom’ from trade deal
Top White House economic advisor Larry Kudlow said the coronavirus will delay an expected surge in exports from the first phase of the U.S.-China trade deal signed last month. Kudlow added that the Trump administration, which has imposed travel restrictions and mandatory quarantines, still expects “minimal impact” from the fast-spreading disease. “It is true the trade deal, the phase one trade deal, the export boom from that trade deal, will take longer because of the Chinese virus. That is true,” Kudlow told Fox Business Network.
8:56 am: Analysts reduce first-quarter estimates for companies
8:49 am: American Airlines suspends some Hong Kong flights
American Airlines said it has suspended its Hong Kong service to and from Dallas/Fort Worth and Los Angeles through Feb. 20 because of a drop in demand as the coronavirus spreads. The union that represents some 15,000 American Airlines pilots sued the carrier last week to end China flights, including service to Hong Kong. American last week suspended its mainland China flights through March 27 but intended to continue flying to Hong Kong. Delta and United took similar steps.
8:21 am: Expert recommends washing hands to help combat the coronavirus
The “most important” way to stop the spread of China’s coronavirus is to wash your hands, according to the professor who headed the World Health Organization’s global response to SARS. “One of the most important ways of stopping respiratory outbreaks such as this is washing hands,” David Heymann, who led WHO’s infectious disease unit at the time of the 2003 SARS epidemic, said at a Chatham House press briefing in London. That’s because “if you touch a patient, if you shake hands, if you touch a door that has a droplet on it — which could theoretically happen — then you touch your face (or) your mouth and you become infected.”
7:05 am: Chinese aviation officials urge airlines to continue flights to nonrestricted countries
The Civil Aviation Administration of China told domestic airlines that when they cancel a portion of flights due to falling market demand, they need to ensure they continue to operate to countries where flights are allowed, unless the country has placed restrictions. That’s according to an online post from the administration’s official news service midday Tuesday.
An attendant checks the temperature of a tourist at the entrance to the Galaxy Macau casino and hotel, developed by Galaxy Entertainment Group Ltd., in Macau, China, on Friday, Jan. 24, 2020.
Billy H.C. Kwok | Bloomberg | Getty Images
6:20 am: Fatality rate ‘should gradually decline’
The fatality rate in Wuhan, the epicenter of the virus, “should gradually decline,” Jiao Yahui, deputy director of the medical affairs and hospital administration of the National Health Commission, said Tuesday at a daily press conference in Mandarin, according to a CNBC translation. Jiao pointed out that 74% of coronavirus deaths, or 313, are in Wuhan, where there is a case-fatality rate of 4.9%. That’s primarily due to lack of hospital beds in the early days of the virus’ spread, she said. At that time, she said the city had only three designated hospitals with 110 beds for the critically ill.
5:40 am: Macao closes casinos for two weeks
Macao, the world’s biggest gambling hub, has asked all casino operators to suspend operations for two weeks to help curb the spread of the virus. The announcement by Macao’s chief executive Ho Iat Seng came as the former Portuguese colony reported at least 10 confirmed cases of the virus and tight restrictions on movements in and out of the Chinese territory. Residents have been instructed to wear masks when traveling around the city and been advised to stay home as much as possible.