COVID-19 Panic Hits US as Global Markets Implode, Oil Crashes

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(TMU) — Stocks plummeted on Monday as worries about the COVID-19 outbreak and an oil price war weighed on global financial markets. The Dow opened 1,800 points—or 7 percent—lower, the S&P 500 dropped 6.9 percent, and the Nasdaq Composite dropped 7.1 percent. The New York Stock Exchange then halted stock trading for 15 minutes after tripping a circuit breaker.

The Atlantic revealed on Friday that only 1,895 people in the United States had been tested for CoViD-19 thus far based on interviews and surveys of local data from across the country.

At least 21 people in the U.S. have died but lack of testing and conflicting reports of recent deaths are causing many people to question those numbers.

TMU is continuing to stay on top of the latest coronavirus headlines and developments, summarizing the most important points for you.

CPAC, AIPAC and Biogen Conferences Exposed to COVID-19

Two New Yorkers that attended the American Israel Public Affairs Committee’s (AIPAC) annual conference have tested positive for CoViD-19.

A Conservative Political Action Conference (CPAC) attendee has also tested positive. U.S. President Donald Trump and U.S. Vice President Mike Pence were in attendance at CPAC but reportedly had no contact with the infected person.

Texas Senator Ted Cruz confirmed on Sunday that he recently interacted with someone at CPAC who tested positive for the novel coronavirus, so he’s decided to self-quarantine.

Arizona Congressman Paul Gosar also announced that he, along with three of his senior staff, are officially under self-quarantine after sustained contact with someone at CPAC who tested positive for CoViD-19.

“I am announcing that I, along with 3 of my senior staff, are officially under self-quarantine after sustained contact at CPAC with a person who has since been hospitalized with the Wuhan Virus. My office will be closed for the week.”

Meanwhile, the Massachusetts Department of Public Health announced 15 new presumptive positive CoViD-19 cases in the state, all of which had a direct connection to the Biogen employee conference in Boston late February.

The total number of CoViD-19 cases in Massachusetts is now 28.

State of Emergency in US as COVID-19 Cases Explode

As we suggested last week, the New York Times is now also reporting that CoViD-19 may have spread in the U.S. for weeks already. Two cases in Washington state detected weeks apart had genetic links, suggesting that many more people are likely infected.

On Friday, the NBA told teams to prepare for the possibility of playing games without fans in attendance in the event “it were to become necessary to play a game with only essential staff present” due to the effects of the novel coronavirus.

The entire state of New York declared a state of emergency has cases jumped 72 percent in only 24 hours. At the same time New York City has asked the Centers for Disease Control and Prevention (CDC) for more CoViD-19 test kits. One city official said, “Slow federal action on this matter has impeded our ability to beat back this epidemic,” according to the New York Times.

New York City Mayor Bill de Dlasio said on Sunday, “If you are a smoker or a vaper that does make you more vulnerable.” He told New Yorkers, “If you are a smoker or a vaper this is a very good time to stop that habit and we will help you.”

Oregon Governor Kate Brown declared a 60-day state of emergency during a Sunday press conference. 

The recorded U.S. death toll has risen to twenty-one as two deaths in Florida were announced on Friday and two more deaths in Washington state were announced on Sunday.

In Missouri, a father took his daughter to the school dance, disobeying a COVID-19 quarantine and prompting her school to close. The man’s family was asked to self-quarantine on Thursday, March 5, after his other daughter called the county’s health hotline and told them her symptoms.

Mayor Muriel Bowser announced Washington DC’s first positive case in a tweet on Saturday.

Community spread is suspected in Arizona after the third case was discovered. The newest case is a healthcare worker with no known confirmed contacts and no travel history to areas where CoViD-19 is present.

Community spread is likewise suspected in Chicago in what is the seventh confirmed case in the state of Illinois.

Chicago Department of Public Health Commissioner Dr. Allison Arwady said, “Though this may be the first case of community transmission in Chicago, it does not mean that widespread transmission of COVID-19 is happening here.”

Total U.S. cases have increased in multiple U.S. cities states over the last few days including Georgia (5 cases), Massachusetts (13 cases), San Francisco (8 cases), California (114 cases), and Iowa (3 cases).

Dr. Grant Colfax, director of health, said of San Francisco’s new cases:

These newly confirmed cases are an indication of the increasing circulation of coronavirus in the community, as expected, given the patterns in our state, region and our own city.”

Iowa Department of Health (IDPH) Medical Director and State Epidemiologist, Dr. Caitlin Pedati said:

All three individuals were part of a cruise in Egypt. IDPH is working with local public health to assess potential exposures to others. These cases are an important reminder that all Iowans need to help prevent the spread of illness by washing hands frequently, staying home when ill, and covering coughs and sneezes with a tissue.”

On Sunday, health officials in Contra Costa County, California announced five new cases, four of which “did not travel or have known contact with a coronavirus case.”

In North Carolina, a hazmat decontamination tent has been put up at a hospital in Port Charlotte amid the outbreak. A supervisor at the hospital refused to confirm or deny if there is a CoViD-19 patient at the facility.

NASA staff has been ordered home “until further notice” at one of its biggest facilities after an employee tested positive for CoViD-19. The space agency’s Ames Research Center went lockdown and staff have been informed that it has gone into “MANDATORY telework status effective immediately and until further notice.”

A new report suggests that the US Congress could be suspended overs fears that CoViD-19 could move in on Capitol Hill. “Members are very nervous,” a senior Democratic leadership aide told NBC. ”There’s a lot of concern that members could bring it home.”

Canada continues to confirm more cases while Colombia and Costa Rica both confirmed first confirmed cases of CoViD-19. Costa Rica’s confirmed case is that of a woman from the United States who is visiting the country with her husband.

Latest Developments and Announcements

In a rare bit of good news, the largest study to date coming out of Wuhan has revealed that children aged 0-10 years have 67 percent lower odds of a severe infection than adults aged 20-40. And women appear to have 11 percent lower odds of severe infection than men.

But compared to adults age 20-40, adults age 40-60 have 44 percent higher odds of a severe infection and the odds only get worse from there.

Doctors in Italy are warning Europe of the devastating impact CoViD-19 will have on hospitals. Doctors have warned medics to “get ready” in a letter that states up to 10 percent of those infected need intensive care, resulting in overwhelmed hospitals. As of Saturday, 5,883 patients in Italy were confirmed to be infected while 233 people had died.

The Italian Society of Anesthesia, Analgesia, Resuscitation and Intensive Care said in a document titled Recommendations of clinical ethics for admission to intensive treatments and for their suspension, in exceptional conditions of imbalance between needs and available resources:

“It may be necessary to place an age limit on entry into intensive care. It is not a question of making merely valuable choices, but of reserving resources that could be very scarce for those in the community primis more probability of survival and secondly to those who can have more years of life saved, with a view to maximizing the benefits for the greatest number of people.“

The World Health Organization (WHO) continues to urge countries to follow China’s drastic containment measures.

Allowing uncontrolled spread should not be a choice of any government, as it will harm not only the citizens of that country but affect other countries as well.

A grim analysis suggests that all hospital beds in the United States will be filled by May 8 in what is expected to be a complete overwhelming of the U.S healthcare system. 

Officials in Iran are expecting CoViD-19 to infect 40 percent of the capital city’s population in the next two weeks while yet another Iranian official has fallen ill and died due to the virus.

National Nurses United (NNU) recently released survey results indicating the U.S. is “wildly unprepared” for the coronavirus. Only 44 percent of those polled (out of 6,500) reported having been provided information on “how to recognize and respond to possible cases” of the coronavirus by their employer. 

An unnamed nurse explained: 

As a nurse, I’m very concerned that not enough is being done to stop the spread of the coronavirus. I know because I am currently sick and in quarantine after caring for a patient who tested positive. I’m awaiting permission from the federal government to allow for my testing, even after my physician and county health professional ordered it.” 

TMU has been in contact with a nurse in Michigan who claims patients with clear signs of CoViD-19 are being refused testing and simply sent home. The nurse has since been alerted that they had been exposed to the virus, despite there being no confirmed cases in the state. The nurse is being denied a test as well.

A leaked presentation reveals that U.S. hospitals are preparing for millions of hospitalizations due to the outbreak. The February 26 presentation titled What healthcare leaders need to know: Preparing for the COVID-19 included representatives from National Ebola Training and Education Center and suggested there may be up to 96 million cases in the United States, 4.8 million hospitalizations, and 480,000 deaths.

72 Million People Quarantined in Italy and China

On Thursday, a residential street in Rocklin, California was placed under quarantine after a resident with CoViD-19 died. “Law enforcement partners are currently responding to enforce a health officer’s order. We cannot share any additional information to protect patient confidentiality,” Katie Pritchard, Placer County Health Spokesperson, said.

According to WIBW:

“The orders were given under sections of California Health and Safety Code that allows Placer Health to ‘enforce regulations requiring strict isolation, or quarantine if the action is necessary for the protection of the public health.'”

Rocklin Police were unable to answer questions from TMU or provide an update. Instead they are referring all inquiries to Placer County.

Italy has announced a massive quarantine of the entire region of Lombardy until April 3. Also in Italy, one of the most powerful politicians in the country, Democratic Party leader Nicola Zingarelli, tested positive for the virus. The massive quarantine provoked panic and triggered stock markets to plunge 11 percent.  

Italians who attempt to flee the quarantine may face three months’ in prison, Italy’s interior minister has warned.

The Italian military airlifted a coronavirus patient between hospitals in Lombardy on Saturday, using a special bio-containment unit to reduce the risk of infecting other people.

 

In France, the government has banned gatherings of more than 1,000 people nationwide. “The priority is to do all we can to slow the transmission of the virus,” health minister Olivier Veran said.

The British government announced on Monday it had set up a team to tackle “interference and disinformation” around the COVID-19 outbreak. The counter-disinformation team will try to establish the impact of false information aimed at misleading people “either for the purposes of causing harm, or for political, personal or financial gain.” The team will then aim to identify and respond to the disinformation.

“Defending the country from misinformation and digital interference is a top priority,” Digital and Culture Minister Oliver Dowden said in a statement. “This work includes regular engagement with the social media companies, which are well placed to monitor interference and limit the spread of disinformation, and will make sure we are on the front foot to act if required.”

The Philippines declared a health emergency on Monday amid growing anxiety that CoViD-19 is already spreading undetected.

In Saudi Arabia, images security forces have quarantined the Qatif province and restricted traffic in it.

The office of Portugal’s 71-year-old president announced on Sunday that President Marcelo Rebelo de Sousa has canceled all public activities and will self-quarantine at home amid the CoViD-19 outbreak. His office said that the president had no symptoms.

Japan is set to alter a law this week allowing Prime Minister Shinzo Abe to declare a state of emergency over the COVID-19 outbreak if needed. Critics of Abe have called out his initial lack of leadership.

And in China, a hotel being used to house people in quarantine collapsed in the city of Quanzhou. At least ten people were killed and others remain missing.

Pandemic Expert: “Most Frightening Disease I’ve Ever Encountered”

An infectious diseases expert at the forefront of the search for a coronavirus vaccine said on Friday that it was the most “frightening disease” he’s ever encountered, and that “war is an appropriate analogy” for what the U.S. is facing, as “50-70% of the global population” may become infected.

Dr. Richard Hatchett sat on the White House Homeland Security Council in 2005-2006 and was a principal author of the National Strategy for Pandemic Influenza Implementation Plan. He currently leads the Coalition for Epidemic Preparedness Innovations.

Dr. Hatchett told the UK’s Channel 4:

“This is the most frightening disease I’ve ever encountered in my career, and that includes Ebola, it includes MERS, it includes SARS. And it’s frightening because of the combination of infectiousness and a lethality that appears to be manyfold higher than flu.”

He feels this way “because of the combination of infectiousness, and a lethality that appears to be many-fold higher than the flu.”

Our previous updates:
COVID-19 Update: March 4th

COVID-19 Update: March 5th

COVID-19 Update: March 6th

Please continue to check TMU for important updates and follow along with the very latest news on Telegram.

By Emma Fiala | Creative Commons | TheMindUnleashed.com

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