The lead image is from Coronavirus Map: Tracking the Spread of the Outbreak.

Researchers at Northeastern University and Imperial College London estimate that the number of cases may be five or ten times higher than what has been reported. Thousands of suspected cases are yet to be confirmed with tests, and others with the virus may not have sought medical attention.

A second global map shows 7 infections in the US, but moments ago there was an 8th confirmed US case.

The latest is in Massachusetts. Previously confirmed cases are from California (3), Illinois (2), Arizona and Washington.

As of Saturday, the flu-like virus had killed at least 259 people, all of them in China.

Economic Disruption

Via NBC News

Spring Festival holiday extended in Hubei province: The Spring Festival holiday has been extended until Feb. 13, officials in the Hubei province have said in a statement. The city of Wuhan — the epicenter of the disease — sits in the region. This was to prevent the spread of the virus, the statement said, adding that schools and colleges would remain closed for that time and workers unable to take leave, would be compensated under Chinese labor laws.

Apple closes all offices, stores and contact centers in mainland China: The tech giant said Saturday it will be closing all of its offices, stores and contact centers in mainland China “out of an abundance of caution and based on the latest advice from leading health experts.” The measure will be in force until Feb. 9, the company said, adding that it "looked forward" to reopening its stores as soon as possible.

Flight attendants demand flights to China are halted: The Association of Flight Attendants, representing 50,000 flight attendants at 20 airlines has called for "clear direction from our government to U.S. airlines to pull down all travel to China until the spread of coronavirus is contained,” in a statement.

The "holiday" extension is really a lockdown measure telling people to stay put.

Supply chain disruptions are mounting as people are not going to work. Factories are closed.

Economic Impact Unknown

Jim Bianco Tracks the Spread

Image placeholder title

Bianco Comments on Spread

https://twitter.com/biancoresearch/status/1223602723381284866

Estimating the China Monday Open

I am certain that his comment "Jail Short Sellers" was either sarcasm or his expected Chinese reaction, not his belief as to what should happen.

Question of the Day

Comment of the Day

"If anyone was wondering what a decoupling of the U.S. and Chinese economies looks like, we're kind of getting a natural experiment."

CDC Quarantines 195 US Citizens, Prepares for Pandemic

Also consider CDC Quarantines 195 US Citizens, Prepares for Pandemic

We are preparing as if this is the next pandemic, but we are hoping that is not the case,” said Nancy Messonnier, director of National Center For Immunization and Respiratory Diseases.

Mike "Mish" Shedlock