Economy Officials alert about pandemic risks when global outbreaks occur

Officials alert about pandemic risks when global outbreaks occur

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Europe's attempts to contain the escalating outbreak of the corona virus appeared on Stumbled on Wednesday as Germany warned the youngest country to face an epidemic – and warnings from US officials got worse sent markets into a tail spin, “data-reactid =” 15 “> Europe’s attempts to contain the escalating outbreak of the coronavirus seemed to have stalled on Wednesday when Germany, the youngest country, warned that it was on the brink of an epidemic – and warnings from US officials always sent markets in a tailspin got worse.

When Trump’s government officials prepared for a press conference on the global crisis on Wednesday evening, an early rally on Wall Street evaporated. Although China’s new infections have slowed, the virus has now spread across six continents. The number of cases is over 81,000 and around 2,700 people are dead.

And for the first time, the number of cases worldwide is greater than in China.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Italy, which has the third with over 300 cases The largest Group of new diseases reported double cases overnight, perhaps more worrying was an outbreak in Germany – Europe's largest economy – in which the Secretary of Health warned the United States The government was no longer able to track new infections, “data-reactid =” 18 “> Italy, which has the third largest group of new diseases with more than 300 cases, reported a doubling of new cases overnight. Perhaps more worrying was an outbreak in Germany – Europe’s largest economy – where the health minister warned the government was no longer able to track new infections.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" We are at the beginning of a coronavirus epidemic in Germany, " Jens Spahn told reporters“data-reactid =” 19 “>” We are at the beginning of a coronavirus epidemic in Germany, “Jens Spahn told reporters.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "While President Donald Trump has tweeted his assurances that the outbreak is under control, administration health officials have sent conflicting messages. Representatives of the disease control centers and the Food and Drug Administration have issued bleak warnings that the US is “on the verge of a pandemic”. “data-reactid =” 20 “> While President Donald Trump tweeted his assurances that the outbreak is under control, government health officials, representatives of the disease control centers, and the Food and Drug Administration have issued bleak warnings that the US is “on the verge of a pandemic”.

“I don’t think we’re ready to deal with the restrictions that China has placed on many of its citizens,” said Seth Chandler, a law professor at the University of Houston, in an interview with Yahoo Finance.

A large number of multinationals have ceased operations and limited travel to the second largest economy in the world, which has itself quarantined and exacerbated business.

“Although we have good laws and well-intentioned people, we still have an attitude that respects freedom and freedom of choice, which is usually a good thing,” said Chandler. “However, I’m not sure how much we want to close our economy,” he added.

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Chandler called for a response to the outbreak, which would be the functional equivalent of the Manhattan Project, and said, ‚ÄúRational fear will cripple an economy. In addition, it may not be just two weeks in which you crouch. As long as the virus is in the air … the economy is seriously depressed and social norms can change significantly. “

<h2 class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "markets“data-reactid =” 25 “>markets

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wall Street was in another volatile day with the S&P 500 (^ GSPC), Dow (^ DJI) and Nasdaq (^ IXIC) early gains after a rebound attempt by a The steep two-day sell-out did not take place“data-reactid =” 26 “> Wall Street was on another volatile day with the S & P 500 (^ GSPC)Dow (^ DJI) and Nasdaq (^ IXIC) gave up their early gains after a rebound attempt failed after a steep two-day sell-off.

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The effects of the pathogen on China are causing economists to revise global growth Prospects and delivered a severe blow to multinational supply chains, “data-reactid =” 27 “> The effects of the pathogen on China have caused economists to revise global growth prospects and deal a major blow to multinational supply chains.

“Everything that contains corona virus moves this market,” Alan Valdes, senior partner at Silverbear Capital, told Yahoo Finance on Wednesday.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, some drugs are among the winners of the outbreak. Several small- Cap life science companies have cited incremental progress in combat Find a vaccine or treatment for the virus – including Novavax (NVAX), Gilead (GILD), Johnson and Johnson (JNJ) and Dyadic (DYAI). “data-reactid =” 29 “> However, some drugs have emerged as winners in the outbreak, and several small-cap life science companies have made progressive progress in finding a vaccine or treatment for the virus – including Novavax (NVAX)), Gilead (GILD), Johnson and Johnson (JNJ) and Dyadic (DYAI).

In the meantime, Moderna has delivered its first tested vaccine to the National Institutes of Health (NIH).

The spread of the virus has triggered a number of travel warnings worldwide, especially for trips to South Korea, Japan, Iran and Italy – where the spread has increased rapidly in recent days.

In the meantime, Brazil reported its first positive case, making it the first case in Latin America.

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