This is a live blog. Please check back for updates.
- Total confirmed cases: More than 64,000
- Total deaths: At least 1,380
5:40 pm: How hospitals are preparing in the US
Officials from both the CDC and WHO told reporters that they were concerned about the number of health workers who become ill as coronavirus spread. Currently, no health workers in the U.S. have contracted the virus. Dr. Bernard Camins, medical director for infection prevention at Mount Sinai hospital, joins “Closing Bell” to talk about how medical facilities are preparing for coronavirus in the U.S. —Cheddar Berk
4:59 pm: 20% of S&P 500 companies have already warned investors coronavirus impact
Nearly one in five S&P 500 companies have said China’s virulent coronavirus will impact their revenues or profits, underscoring the far-reaching toll the disease is expected to take on businesses around the world. A CNBC analysis of more than 180 earnings transcripts and other corporate releases since the beginning of 2020 showed a high level of concern. Above is a list of companies that have made comments. Three hundred ninety-two of the 500 S&P components have reported fourth-quarter earnings as of Friday. — Franck
4:35 pm: Stocks post a gain for the week, shrugging off earlier virus fears
Stocks were little changed on Friday, but notched a gain for the week, as Wall Street digested the latest batch of consumer data and earnings. Earlier in the week, a spike in new virus cases sparked a selloff, but the S&P 500 and Dow Jones Industrial Average rose 1.6% and 1%, respectively, this week. The Nasdaq gained 2.2%. Both the S&P 500 and the Nasdaq closed Friday at record highs. “Given the uncertainty about how long the COVID-19 crisis will play out, investors are tending to stick with prior winners and those that are less exposed to Asian economies,” strategists at MRB Partners said in a note. “This is why select growth stocks, especially in the U.S., have been bid up so aggressively in absolute and, especially, relative terms.” — Imbert
3:32 pm: Mapping where the new cases are
The number of reported coronavirus cases continued to grow, with about 1,400 people dead and some 64,000 people around the world sickened, the vast majority in mainland China, researchers at Johns Hopkins said late Thursday. CNBC’s interactive map helps track where the cases are spreading. — Schoen, Lovelace
3:03 pm: US health officials will check patients with flu-like symptoms for coronavirus
U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Disease Control and Prevention said Friday. The five labs are in Los Angeles, San Francisco, Seattle, Chicago and New York City, but the agency hopes to expand the monitoring nationwide. — Feuer
2:30 pm: Tech companies met with WHO on how to stop the spread of coronavirus misinformation
WHO hosted a meeting on Thursday at Facebook headquarters in Menlo Park, Calif., to discuss how to tamp down on the spread of misinformation about the coronavirus. Other companies at the meeting, according to two people familiar with the matter, included representatives from Amazon, Twilio, Dropbox, Alphabet’s Google, Verizon, Salesforce, Twitter and YouTube. Some of the priorities that tech companies have outlined in recent weeks include efforts to work with third-party fact checkers and public health organizations. — Farr
2:25 pm: Coronavirus could cause companies to rethink relationship with China, strategist says
Companies that have manufacturing presences in China may have a fresh reason to consider moving it from the country, Wolfe Research tech strategist Steven Milunovich told CNBC. Milunovich, a veteran IT hardware analyst, said he believed the coronavirus — coupled with tensions highlighted during U.S.-China trade war — could have “longer-term impacts” even after it is well contained. He said on “The Exchange,” “As a U.S. company, you’ve got think about, do I just want to become less dependent on China for demand and supply chains?” — Stankiewicz
1:57 pm: Coronavirus does little to rattle the markets
A rising death toll from the coronavirus in China did little to rattle markets on Friday. Stocks were down slightly in the afternoon, but still headed for solid weekly gains, as Wall Street digested the latest batch of consumer data and earnings. China’s National Health Commission on Friday reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus. — Imbert
1:21 pm: CDC concerned with report of infected health workers in China
A U.S. Centers for Disease Control and Prevention official said the notice from China’s National Health Commission about 1,716 health workers infected with the coronavirus was “concerning.” Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters during a press briefing that there are currently no U.S. health workers infected with the virus. She also reiterated the possibility of community spread in the United States. — Lovelace
A CDC worker marks the tube after collecting biomaterial from a suspected 2019-nCoV patient for nucleic acid tests in a hotel for isolated people in Wuhan in central China’s Hubei province Tuesday, Feb. 04, 2020.
Barcroft Media | Getty Images
1:00 pm: Fallout from the outbreak hits European auto plants, GM truck production threatened
Automakers working to restart manufacturing in China amid the coronavirus outbreak are trying to prevent operations elsewhere from being affected by supply shortages. Fiat Chrysler was the first to say it planned to halt operations at its factory in Serbia due to a lack of parts from China because of the virus. General Motors is closely monitoring the supply chain for its highly profitable truck production in North American, but said it doesn’t see an impact yet. The United Auto Workers said disruption was a possibility. Ford is working on a tiered schedule to restart plants in China. Honda expects workers to return on Feb. 24. Nissan and Toyota expect to restart factories this week and next. —Wayland
12:45 pm: Egypt confirms first case, says affected person is foreigner
Egypt confirmed its first coronavirus case and said the affected person was a foreigner who had been put into isolation at hospital. The health ministry said in a statement that it had immediately informed WHO and had taken all necessary preventative measures. It did not give the nationality of the affected person or any other details. — Reuters
12:11 pm: Chinese official to travel to Germany to discuss outbreak
12:00 pm: CureVac CEO: We expect to have coronavirus vaccine in trials soon
CureVac CEO Daniel Menichella said the company aims to have its coronavirus vaccine in phase one clinical trials by early summer. “Our technology is very, very fast,” he said. The German-based pharmaceutical company partnered with the Norwegian Coalition for Epidemic Preparedness Innovations to create a vaccine and received an $8 million grant, he said. — Bursztynsky
11:55 am: WHO and China investigate health workers infected with virus
World health officials are working with Chinese authorities to determine when the 1,716 health workers in the country were infected with the COVID-19 coronavirus. It appears infections among medical workers peaked in mid-January and has “rapidly” decreased since, Dr. Mike Ryan, executive director of the World Health Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva. “This may reflect increased levels of training, increased levels of protection and increased levels of awareness.” — Lovelace
11:26 am: Cramer hears business leaders are ‘personally worried’ about coronavirus exposure
CNBC’s Jim Cramer said business leaders he has spoken to are deeply worried about the coronavirus outbreak, citing as evidence the cancellation of the Mobile World Congress. “The people I know who were supposed to go there, it was kind of like a cruise — I’m not going there. I’m not going to risk going to Barcelona,” he said on “Squawk on the Street.” Cramer said the MWC cancellation shows how executives are viewing the situation with regards to their own health, not just the welfare of their employees. “That has not been the story. Now we’re at the, ‘I don’t want to get hurt [phase].'” — Stankiewicz
11:11 am: Newell Brands says China factories are seeing delay startup, goods moving slow
Newell Brands, which makes Sharpie pens, Crock-Pots and Coleman coolers, is experiencing delayed startups in its China factories and slower movements of its goods because of travel checkpoints and restrictions from the coronavirus, CFO Christopher Peterson said during the company’s fourth-quarter earnings call. The company is assuming a 1% hit on first-quarter sales from the outbreak, mostly affecting its appliance, cookware and outdoor and recreation businesses. China is Newell’s largest sourcing partner, with about 40% to 50% of its products being sourced there, according to Peterson. Newell stock is currently up 4%. — Miller
10:44 am: WHO reveals details on its mission to China
Director-general of the World Health Organization Tedros Adhanom Ghebreyesus said at a news briefing he expects the WHO-led mission to China to arrive over the weekend. The team will include 12 international and WHO experts, Tedros said, as well as the same number of Chinese counterparts, though he did not identify individual members. He said the experts will visit three provinces to observe on-the-ground response efforts, but did not say if the mission will visit the epicenter of the outbreak, the city of Wuhan in Hubei province. “The goal of the joint mission is to rapidly inform the next steps in the COVID-19 response and preparedness activities in China and globally,” he said. —Feuer
10:14 am: Beijing authorities issue self-quarantine order for returning residents
Beijing officials charged with responding to the virus issued an order for all those returning to Beijing to remain in quarantine at home for 14 days, Chinese state media The People’s Daily reported. Those who refuse to quarantine themselves or follow the official rules on virus containment will be punished according to law, the newspaper said in a post on Chinese social media site Weibo. —Feuer
10:00 am: WHO holds briefing on coronavirus
World Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has killed more people than the 2003 SARS epidemic. —Feuer
9:03 am: Virus risk to US is ‘very low,’ but that could change ‘rapidly,’ Azar says
The American public’s risk of getting infected with the new coronavirus is “very low” but that could change “rapidly,” Health and Human Services Secretary Alex Azar told CNBC. “We’re deploying the full force of the U.S. government to protect the health and safety of the American people,” Azar said. Health officials have confirmed 15 U.S. cases of COVID-19. Azar said people can protect themselves from the virus by washing their hands with soap and water, avoid touching their eyes, nose or mouth. — Lovelace
8:48 am: Drugmaker says outbreak will likely continue for a few months and drag on its revenue
8:20 am: IMF chief says next two weeks will be critical for China
The next two weeks will be crucial in determining the economic impact of the coronavirus, says International Monetary Fund Managing Director Kristalina Georgieva. In that time, factories are due to reopen in China, which would give a “better understanding on the resilience of China and on that basis, the spillover for the rest of the world,” Georgieva said. She said the IMF was also watching how the new coronavirus was spreading outside of China, stating that it was “not a major issue for now” but if it spreads into “weak health system countries, for example in Africa” that may change. — McKeever
7:20 am: Businesses in China try to return to work
Two weeks after the Lunar New Year holiday was originally supposed to end, Chinese businesses are still hobbling as the country deals with disruptions from a highly contagious virus. The new coronavirus that began to grab national attention in mid-January has killed more than 1,300 people in mainland China. More than half of the provinces delayed the resumption of work from the first week of February by at least a week in an effort to keep people from interacting and spreading the virus. In many places, businesses were scheduled to resume work last Monday, but a variety of data indicates progress has been slow as the virus remains an unresolved concern. Many local governments have also imposed strict restrictions on entering certain areas and requiring quarantines of at least two weeks for people who have returned from out of town. — Cheng
7:10 am: Hong Kong pledges $3.2 billion to contain virus
Hong Kong leader Carrie Lam on Friday pledged handouts totaling $3.2 billion to the Hospital Authority and businesses grappling with the coronavirus outbreak that has piled further pressure on the city’s battered economy. Lam said the government would provide $605 million to the Hospital Authority in addition to a series of one-off payments to retailers and others impacted by the outbreak. Hong Kong has 56 confirmed cases of the virus, including one death. The package will need to be approved by the city’s Legislative Council. — Reuters
This scanning electron microscope image shows SARS-CoV-2 (orange)—also known as 2019-nCoV, the virus that causes COVID-19—isolated from a patient in the U.S., emerging from the surface of cells (green) cultured in the lab.
6:30 am: China’s Xi says country must fix loopholes exposed during coronavirus outbreak
Chinese President Xi Jinping has urged the ruling Communist Party to repair loopholes and weaknesses exposed during the fast-spreading coronavirus outbreak, Reuters reported Friday, citing state television. His comments came shortly after China’s National Health Commission reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus. The flu-like COVID-19 virus was found to have killed a total of 1,380 people in mainland China as of Thursday evening after the health commission said it had removed 108 deaths from the total figure due to a double-count in Hubei province — the epicenter of the outbreak. It is the second day in a row that the province made significant changes to its count, fueling doubts many have about the accuracy of China’s tally. The White House does “not have high confidence in the information coming out of China,” a senior U.S. administration official told CNBC on Thursday.
5:50 am: China’s top auto industry body reportedly expects auto sales to tumble more than 10% in the first half of 2020
Auto sales in China are expected to fall more than 10% in the first six months of the year as a result of the coronavirus outbreak, Reuters reported Friday, citing China’s top auto industry body. “We predict auto sales will drop more than 10% in the first half of this year, and around 5% for the whole year if the epidemic is effectively contained before April,” Fu Bingfeng, executive vice chairman at China’s Association of Automobile Manufacturers, told Reuters in an interview published Friday. CAAM’s latest forecast reflects a much weaker outlook for auto sales in the world’s largest auto market than it had initially projected. Last month, the industry body said it expected auto sales were likely to dip 2% in 2020.
Read CNBC’s coverage from CNBC’s Asia-Pacific team overnight here: China says six health workers have died, Singapore warns of recession. All times above are in Eastern time.
— Reuters and CNBC’s Christina Cheddar Berk, Thomas Franck, Fred Imbert, John Schoen, Michael Wayland, Amanda Macias, Kevin Stankiewicz, Hannah Miller, Vicky McKeever, Sam Meredith, Weizhen Tan, Evelyn Cheng and Christina Farr contributed to this report.