Equity Futures Dive as Pandemic Spreads: Coronavirus Tweets of the Day

Equity futures are taking a big hit this evening in response to an escalation in the coronavirus pandemic.

The WHO still has not put out a global pandemic alert.

However, it's clear the virus is spreading exponentially in many countries and on at least two continents.

Italy Update

11 towns, 50,000 people, placed in lockdown.
Armed forces and police forces have been mobilized to form an insurmountable "health belt" around contagion areas. Roadblock violators risk up to a 3 months prison sentence.
Schools closed in Lombardy, Veneto, Friuli Venezia Giulia, Emilia Romagna, Liguria, and in Trentino Alto Adige regions. Universities closed in Piedmont.
Mayor of one of the towns in lockdown says they've run out of coronavirus testing kits.
78 new cases in Italy and 1 new death.
Carnival in Venice and all sport and public events in Veneto cancelled.
All public and private events, including sport, cultural, and religious events in Lombardy cancelled. Movie theaters closed.
More than 40 football matches, including at least 4 Serie A games, postponed.
Armani cancels his fashion show today in Milan.
Teatro alla Scala in Milan suspends all performances.

Japan Update

12 new cases
One new case was a woman in her 50s who works as a part-time school lunch attendant in Hokkaido. She had sore throat on February 15. She wore a mask, a white coat, and gloves, and carried lunches to 194 school children from the serving room to each classroom using a wagon.

South Korea Update

President Moon Jae-in raised the alert level to maximum (Level 4: Serious) thus empowering the government to lock down cities and restrict travel. “The coming few days will be a critical time for us” he said in an emergency meeting.
166 new cases and 4 new deaths in South Korea.

South Korea Progression

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