Posted on 02/24/2020 4:55:28 AM PST by DCBryan1
U.S. stock futures pointed to sharp declines on Wall Street at the open on Monday as the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading.
As of 7:47 a.m. ET, Dow Jones Industrial Average futures were down 774 points, indicating a drop of 767 points at the open. Dow futures were down more than 800 points earlier in the session. S&P 500 and Nasdaq 100 futures were down by 2.5% and 2.8%, respectively.
Futures pointed to the biggest one-day points drop for the Dow since August, when the 30-stock average slid 800 points.
(Excerpt) Read more at cnbc.com ...
By my calculations, dead over dead+recovered, (in other words the number who died divided by the number of people who have run the full course of the disease) the current death rate world wide is 9.8%.
Don’t forget....doc who heads up CDC Respiratory division, Nancy Messonnier, is Rod Rosenstein’s sister.
Maybe, but it is a very short trip. 36 hours. He'll be on his way home tomorrow afternoon.
But yeah, he needs to address the issue. Despite all the frantic worry, he could go stabilize things and keep people confident with a initiating a plan on how we'll manage not just the medical side, but the supply side.
Maybe regulation relief for quick startups of vital items?
Turn some tariff money into subsidies?
I did updates on the 2914 ebola outbreak on the thread linked below. Reality turned out to be way different than projections. Interesting to review and think about in respect to the current coronavirus situation.
The updates are the last posts on the thread. Reality was far different than projections and hysteria. Will be interesting to see how this turns out.
http://www.freerepublic.com/focus/chat/3210773/posts
I left you some.
Part of this is Sanders strong showing in Nevada And part is Virus.
Seeing hedge fund guys actually wondering if Dems will off Sanders ..Clinton style
They are trying to take his “bragging rights” of the great economy off the table with hype from the media. This maybe the next democratic scheme. I would not put it past them. I’m not saying coronovirus is not true however it’s
being really hyped. As one said this morning the flu killed more people last year.
It is end times if you and I agree on something.
Reminds me of being in Florida when there’s a chance of a hurricane in the next few weeks. People panic.
We have no idea if we have any deaths yet. Or any more clusters than the ones already elucidated.
We aren’t testing.
CDC doesn’t allow testing of anyone who isn’t a recent arrival from China. Still.
Given what we’ve seen in Italy and Iran, most of their cases have never even been to China...
The DOW finishes up for the day.
William Devane is selling today. Gold that is.
Sounds like you were freelance. I worked for main line firms on the Street.
I believe most of these are made in India from chemicals produce in China.
People can live without the newest iPhone. They will panic if they can not get their blood pressure meds.
The Dow Jones has soared 11,000 points in three years.
This could be partly a much-needed correction. Markets do that, because bull markets don’t last forever.
If your area is placed under quarantine with little notice, I’d worry more about people whose refrigerator contains a half used expired bottle of mustard and a 6pk of skunky beer and nothing else.
I was on a blood pressure medicine for a while..(cant remember name) made in China that went on the list of having an ingredient that causes cancer.
Now taking Lisonopril made in India. I was getting severe headaches. Some people online thought it might be common with the drug made by this company.
Absolutely not. This is all about COVID-9 and supply chain disruptions. It was bound to happen when the Chinese locked up their economy...and anyone who studies the markets knows this. It’s fundamentals.
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