Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
Despite no cases, the Mayor of SF declares an emergency. New infections outside China now outpace those inside China.
SF Mayor London Breed Declares Local Emergency Amid Coronavirus Outbreak
The city of San Francisco declared on Tuesday a state of emergency even if at the moment there are no confirmed cases of Covid-19 in the area.
"Although there are still zero confirmed cases in San Francisco residents, the global picture is changing rapidly, and we need to step-up preparedness," Breed said in a statement. "We see the virus spreading in new parts of the world every day, and we are taking the necessary steps to protect San Franciscans from harm."
President Trump will hold a news conference on Covid-19 today at 6:00 PM ET.
The global pandemic is spreading: Europe Prepares for Pandemic as Illness Spreads From Italy
New cases of the coronavirus popping up across Europe. Dozens of infections in Iran stoking fears about an uncontrolled spread in the Middle East. Global market jitters continuing after a steep slide. American health authorities warning that it was a matter of when, not if, the epidemic would reach the United States. A toxic political climate in Washington complicating the public health challenge.
For the first time, more new cases were reported outside China than inside, according to the World Health Organization. Chinese officials on Tuesday reported 411 new infections; in the rest of the world, the number was 427. The total number of cases globally has now reached 80,980 and nearly 3,000 have died.
In the European Union, which prides itself on open borders, new cases were recorded in Austria, Croatia, France, Germany, Greece and Spain. Most were tied to Italy, where the authorities have been struggling to contain an outbreak that has infected at least 325 people, most of them in the north near Milan.
Hotels in Austria, France and the Canary Islands of Spain were locked down this week after guests tested positive for the virus or were suspected of having it. The steps to limit contagion differed from place to place, but large group gatherings were often the first things to be canceled where the virus had been detected.
Coronavirus Cases by Country
News Updates
The U.S. CDC yesterday suggested that the risk of a coronavirus pandemic is likely and is alerting the public to begin preparing for community spread in the United States.
Dr. Anne Schuchat, the CDC's principal deputy director declared: "It's not a question of if. It's a question of when and how many people will be infected."
Spotlight Italy
What's Happening?
- CDC Admits Spread of Coronavirus in the US Appears Inevitable
- Lie of the Day: This is Not a Pandemic
- Bond Yields Crash and Gold Soars on Pandemic Threat
- Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times
- Nearly 50% Odds of "At Least" 3 Rate Cuts by December
- Rate cuts odds started rising before coronavirus threat materialized on news Largest Global Shipping Decline Since 2009.
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
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