Archives of “virus” tag

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WHO chief scientist: No evidence that any drug reducing mortality of patients

  
  Analysis
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Runs counter to the implied talking points from Pres. Trump

The WHO chief scientists is on the wires saying that:
  • No evidence that any drug reducing mortality of patients that have Covid 19.
He adds nevertheless that:
  • experts advise the continuation of all forms of the solid parity trial including hydroxychloroquine srm
  • No reason to modify clinical trial of hydroxychloroquine in Covid 19
There has been some leakage to the downside in the US stock indices of the last few minutes. The NASDAQ index is currently trading at 9649 after trading is highs 9678.77. The S&P index is trading at 3114.66 vs. a high of 3119.95.
Other Covid 19 news headlines.
UK’s Johnson says:

  • the air quarters only to be considered when it is a safe
  • no one is safe until we all are safe from the virus
  • urges people to not move outdoor gatherings indoors if it rains
  • there could be a 2nd wave of virus across the world
  • the UK chief science advisor adds have to tread cautiously in lifting UK lockdown
in Italy, PM Conte is saying:
  • facts show that virus has disappeared
  • virus reconstruction is the time for long-delayed reforms
  • government working to speed up 8 payments
Italy reports 321 new coronavirus cases vs. 318 on Tuesday. The death toll rose by 71 vs. 55 on Tuesday
New York said that the cases rose by 0.3% vs. the 7 day average of 0.4%.
Finally New Jersey’s governor Murphy is out saying:
  • deaths reach 11,880 and cases reach 162,068
  • he urges protesters to keep distance and wear masks during George Floyd demonstrations.
  • At least 6 demonstrations today in New Jersey

WHO: COVID-19 is a type of coronavirus that starts in bats

  
  Analysis
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The WHO is giving a briefing on the animal origins of the virus

Virus
  • The coronavirus origin is linked to food, that is not unique
  • The Wuhan market played a role in spreading of the virus

The headline remark will surely infuriate US officials even more.

For what it’s worth, Der Spiegel is also reporting that Germany has doubts about the US’ claim that the virus came from a Chinese lab.
The report didn’t cite a source but says that the German Federal Intelligence Service was in touch with its partners from the US, UK, Canada, Australia, and New Zealand and none of them were able to confirm the claims made by US secretary of state Pompeo.

Cruise ship booking firm sees 40% increase in its 2021 bookings compared to 2019

  
  Analysis
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Virus, what virus? Check this story out on cruise bookings.

  • bookings for cruises are already on the rise of 2021, according to multiple reports
  • In the past 45 days cruise booking site CruiseCompete.com saw a 40% increase in its bookings for 2021 over its 2019 bookings
  • A recent report from UBS also found that 76% of the people who had a cancelled cruise in 2020 have chosen to accept credit towards a future cruise in 2021 as opposed to 24% who accepted a refund.
Here is the link for more. Amazing.
Virus, what virus? Check this story out on cruise bookings. 

Coronavirus – China’s Global Times says “actual number of overall infections … unknown”

  
  Analysis
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Here is a piece ion China’s GT on what is going in Wuhan, the centre of the virus outbreak:

  • Wuhan was still confronted with a severe situation with slow progress. 
  • The actual number of overall infections in the city where the virus originated in December 2019 remained unknown; the number of reported cases in the city accounting for a large portion of total infections in China. 
  • And despite over three weeks of city lockdown, the human-to-human transmission still continued and many patients could still not be treated in time, according to medical experts and observers.
  • It’s time to sound horns for a full-scale mobilization of Wuhan people, 
Link here for more
Here is a piece ion China's GT on what is going in Wuhan, the centre of the virus outbreak:

More Powell testimony: Will see virus impact in data fairly soon

  
  Analysis
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More from chair Powell’s testimony in the Senate

  • we will see virus-infected data fairly soon
  • affects could be important in China
  • supply chains is an important issue.
  • Financial markets can also transmit a reaction to virus

Fed Powell concludes his testimony at 11:24 AM ET.

Overall, the comments were in line with yesterday’s testimony and really didn’t shed any new light that we don’t already know. Coronavirus major concern but it’s too early to tell. The Fed is in continue repo operations the 2nd quarter. The economy is in a good place.
US stocks have been waffling back and forth but moving back higher. The S&P index is just off the day’s high level as is the NASDAQ index. The Dow industrial average is a little further off the intraday record high levels

China’s national health minister warns virus appears to be infectious during incubation and is getting stronger

  
  Analysis
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“The virus’s ability to spread seems to be getting somewhat stronger”

"The virus's ability to spread seems to be getting somewhat stronger"
China’s National Health Commission Minister Ma Xiaowei today said the incubation period for the virus can range from one to 14 days, and the virus is infectious during incubation, which was not the case with Severe Acute Respiratory Syndrome.
“According to recent clinical information, the virus’s ability to spread seems to be getting somewhat stronger,” Ma told a media briefing.
He warned that containment efforts will be intensified.
China has now announced that going forward there will be daily briefings at 9 am Beijing time. That’s 0100 GMT or 8 pm in New York.
The WHO repeated on Sunday that it has not yet declared the virus to be a global emergency.
Separately, researchers are debating on what to name the coronavirus. While it’s being simply labeled as ‘coronavirus’ colloquially, that’s a scientific term that’s used for a type of virus. The interim name is novel coronavirus (2019-nCoV) in scientific communities. Many are pushing to name it Wuhan coronavirus but the WHO discourages including place names so they might call it SARS-2. Colloquially, I don’t think that name will work and I suspect that something like the ‘Wuhan flu’ will win out in the general public.

EGO

  
  Education
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There is no place for arrogance on the trading floor. The stock market has the uncanny ability to identify and humble arrogant traders. The best traders respect the market at all times. Traders are most susceptible to arrogance after an extended winning streak. It’s amazing how weeks of disciplined trading can be wiped out by one bad day. Arrogance is a virus in your trading, as it eats away at the edges of your discipline. Without proper discipline, the market will eat you for lunch.

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