Tag Archives: Coronavirus

California declares emergency over coronavirus as death toll rises in U.S

By Steve Gorman and Dan Whitcomb

LOS ANGELES (Reuters) – The U.S. death toll from coronavirus infections rose to 11 on Wednesday as new cases emerged around New York City and Los Angeles, while Seattle-area health officials discouraged social gatherings amid the nation’s largest outbreak.

The first California death from the virus was an elderly person in Placer County, near Sacramento, health officials said. The person had underlying health problems and likely had been exposed on a cruise ship voyage between San Francisco and Mexico last month.

It was the first coronavirus fatality in the United States outside of Washington state, where 10 people have died in a cluster of at least 39 infections that have emerged through community transmission of the virus in two Seattle-area counties.

Although the Placer County patient who died was not believed to have contracted the virus locally, that case and a previous one from the San Francisco Bay Area linked to the same ocean liner have led health authorities to seek other cruise passengers who may have had close contact with those two individuals.

Hours after the person’s death was announced, California Governor Gavin Newsom declared a statewide emergency in response to the coronavirus, which he said has resulted in 53 cases across the nation’s most populous state.

“The State of California is deploying every level of government to help identify cases and slow the spread of this coronavirus,” Newsom said in a statement.

Newsom said the cruise ship, named the Grand Princess, had later sailed on to Hawaii and was returning to San Francisco, but would not be allowed into port until passengers had been tested for the virus.

“We are holding that ship off the coast,” Newsom said.

Six new coronavirus patients were confirmed in Los Angeles County, public health officials said on Wednesday. One was a federal contractor who may have been exposed while conducting medical screenings at Los Angeles International Airport, the U.S. Department of Homeland Security reported.

Three others likely were infected while traveling recently to northern Italy, one of the areas hardest hit in the global outbreak. Of the six in Los Angeles County, only one has been hospitalized. The other five are recovering in home isolation.

The greater Seattle region represents the biggest concentration of cases detected in the United States from a virus that has killed more than 3,000 people worldwide, mostly in China, where the epidemic originated in December.

With most of the Seattle-area cases not linked to travel or exposure to people who might have been infected abroad, that means the virus has gone from being an imported phenomenon to taking up residence in Washington state, health officials say.

At least 18 cases, including six deaths, were connected to a long-term nursing facility for the elderly, called LifeCare Center of Kirkland, in a Seattle suburb.

‘DISTANCING MEASURES’

Seattle health authorities urged a number of measures for curbing further spread of the disease, including recommendations for anyone aged 60 and older and individuals with underlying chronic health problems or compromised immunity to stay home and away from large gatherings and public places.

They also urged companies to allow their employees to work from home as much as possible, stagger shifts to ease commuter congestion on public transportation and avoid large work-related gatherings.

“The distancing measures that we’re recommending are essential because we need to slow the spread of the disease to the point where we are able to continue to handle the load,” said Patty Hayes, the public health director for Seattle and King County.

A growing number of U.S. companies are adopting such steps. On Wednesday Microsoft Corp asked its employees in the Seattle region near its headquarters and in the San Francisco Bay Area to work from home if possible until March 25.

In New York state, the number of cases rose to 10 on Wednesday. Three family members and a neighbor of a lawyer who was previously identified as infected tested positive. The neighbor’s wife and three of his children have also contracted the virus, Governor Andrew Cuomo said.

About 1,000 people in suburban Westchester County, where the two families live, were under self-quarantine orders because of possible exposure, Cuomo said.

“We are, if anything, being overcautious,” he said.

AIPAC, the pro-Israel lobby, said Wednesday that people in a group from New York that attended its 18,000-person policy conference in Washington, D.C., this week potentially had been in contact with an individual who contacted the coronavirus before the conference.

Dozens of Congress members attended the conference, as well as Vice President Mike Pence.

EMERGENCY FUNDS

U.S. lawmakers reached bipartisan agreement on an $8.3 billion emergency bill to help fund efforts to contain the virus. The bill garnered enough votes to pass in the House of Representatives.

More than $3 billion would be devoted to research and development of coronavirus vaccines, test kits and therapeutics. There are currently no approved vaccines or treatments for the fast-spreading illness.

The administration is working to allow laboratories to develop their own coronavirus tests without seeking regulatory approval first, U.S. Health Secretary Alex Azar said.

The latest data from the U.S. Centers for Disease Control and Prevention listed 129 confirmed and presumed cases in the United States, up from the previous 108. They were 80 reported by public health authorities in 13 states plus 49 among people repatriated from abroad, according to the CDC website.

Those figures do not necessarily reflect Wednesday’s updates from three states.

(Reporting by Steve Gorman in Los Angeles and Laila Kearney in New York; Additional reporting by Dan Whitcomb in Los Angeles, Maria Caspani and Hilary Russ in New York, David Morgan and Richard Cowan in Washington; writing by Grant McCool; Editing by Bill Berkrot, Lisa Shumaker, Cynthia Osterman, Leslie Adler and Lincoln Feast.)

Thousands wait for hospital beds in South Korea as coronavirus cases surge

By Josh Smith and Sangmi Cha

SEOUL (Reuters) – South Korea reported hundreds of new coronavirus cases on Wednesday as many sick people waited for hospital beds in Daegu, the city at the center of the worst outbreak outside China.

The new cases bring South Korea’s total to 5,621, with at least 32 deaths, the Korea Centers for Disease Control and Prevention (KCDC) said.

Most cases were in and around Daegu, the country’s fourth-largest city, where the flu-like virus has spread rapidly through members of a fringe Christian group.

Health officials expect the number of new cases to be high for the near future as they complete the testing of more than 200,000 members of the sect, as well as thousands of other suspected cases from smaller clusters.

“We need special measures in times of emergency,” South Korean Prime Minister Chung Sye-kyun told a cabinet meeting, referring to extra medical resources for hotspots and economic measures including a $9.8 billion stimulus.

“In order to overcome COVID-19 as quickly as possible and minimize the impact on the economy, it is necessary to proactively inject all available resources.”

COVID-19 is the illness caused by the new coronavirus which emerged from China late last year to spread around the world.

Hospitals in South Korea’s hardest hit areas were scrambling to accommodate the surge in new patients.

In Daegu, 2,300 people were waiting to be admitted to hospitals and temporary medical facilities, Vice Health Minister Kim Gang-lip said. A 100-bed military hospital that had been handling many of the most serious cases was due to have 200 additional beds available by Thursday, he added.

South Korean President Moon Jae-in on Tuesday declared “war” on the virus, apologized for shortages of face masks and promised support for virus-hit small businesses in Asia’s fourth-biggest economy.

TRAVEL RESTRICTIONS

Moon’s office on Wednesday said he had canceled a planned trip to the United Arab Emirates, Egypt and Turkey in mid-March due to the crisis.

At least 92 countries have imposed some form of entry restrictions on arrivals from South Korea, according to a tally by Yonhap news agency.

Vice Foreign Minister Cho Sei-young met the U.S. ambassador on Wednesday as part of Seoul’s efforts to prevent the United States from imposing restrictions.

In the meeting, Cho outlined South Korea’s efforts to control the outbreak and urged the United States not to take steps that would affect exchanges between the two countries, the foreign ministry said.

U.S. President Donald Trump said this week his administration was watching Italy, South Korea and Japan – all with severe outbreaks – and would make a decision about travel restrictions “at the right time”.

“We remain confident in the South Korean government’s robust and comprehensive response efforts to limit the spread of the virus,” U.S. ambassador Harry Harris tweeted after meeting Cho.

Up to 10,000 people are being tested each day in South Korea, and daily totals have decreased slightly since a peak of 909 new cases on Saturday, the KCDC said.

Experts caution that the results of those tests could take some time to be processed, leading to future spikes in confirmed cases.

(Reporting by Josh Smith, Sangmi Cha, and Jack Kim; Writing by Josh Smith; Editing by Simon Cameron-Moore, Stephen Coates and Andrew Cawthorne)

Third person tests positive for new coronavirus in New York

(Reuters) – The number of people ill with the new coronavirus has risen to six in New York state, Governor Andrew Cuomo said on Wednesday.

New York’s Yeshiva University said one of its students had tested positive for COVID-19, and it was canceling all classes on Wednesday at one of its four New York City campuses as a “precautionary step” while it worked with authorities on how to best prepare and keep its students safe.

On Tuesday, officials said a man in his 50s who lives in a New York City suburb and works at a Manhattan law firm tested positive for the virus, the second identified case in the state. Health authorities said one of his children was a student at Yeshiva.

The man has severe pneumonia and is hospitalized, officials said. The patient had not traveled to countries hardest hit in the coronavirus outbreak, which began in China in December and is now present in nearly 80 countries and territories, killing more than 3,000 people.

Of the six cases of people with coronavirus in New York, only one is hospitalized, Cuomo said at a news conference.

The four new cases include three family members of the hospitalized man, New York Mayor Bill De Blasio said in a statement. The fourth was a neighbor, according to media reports.

“There are going to be many, many people who test positive. By definition, the more you test, the more people you will find who test positive,” Cuomo said.

New York wants to get the state’s capacity for testing for the virus to up to 1,000 a day, he said.

“The people who we are most concerned about, who are most vulnerable are senior citizens, people with immune comprised situations. What we’re worried about: nursing home setting, senior care setting. That’s what we’ve seen in other places and that’s where the situation is most problematic.”

At least one school in the Bronx neighborhood of New York City closed on Tuesday. The SAR Academy and SAR High School remained closed on Wednesday, but online classes were taking place, according to a man with a child at the school.

A synagogue in New Rochelle, New York, where the family of the hospitalized man lives said on Tuesday it was halting “all services immediately and for the foreseeable future.”

The latest data from the U.S. Centers for Disease Control and Prevention (CDC) listed 108 confirmed and presumed cases in the United States. That tally consists of 60 reported by public health authorities in 12 states plus 48 among people repatriated from abroad, most of them from an outbreak aboard the Diamond Princess cruise liner in Japan.

Nine people have died in the Seattle area, health officials said. Washington state in the Pacific Northwest has the largest concentration of coronavirus cases detected to date in the United States with 27 people infected as of Tuesday.

(Reporting by Maria Caspani, Laila Kearney and Hilary Russ in New York; writing by Grant McCool; Editing by Bill Berkrot)

Americans heed warning to wash hands often to control coronavirus, Reuters/Ipsos poll finds

By Gabriella Borter and Chris Kahn

(Reuters) – Americans appear to be heeding the warning of health experts to wash their hands more frequently and use disinfectant wipes to prevent the coronavirus from spreading, according to a Reuters/Ipsos public opinion poll released on Wednesday.

As Covid-19 spreads across the country, nearly half of all Americans say they have started more rigorously cleaning themselves and surfaces they touch to avoid contracting the virus, according to the March 2-3 national poll.

It found that some 42% of respondents were washing their hands and using disinfectant more than usual, and 18% said they have avoided physical contact with others more often.

The rise in caution was recorded days after the virus caused its first U.S. fatality in Washington state and began spreading from person to person on the West Coast.

Some 28% of Americans believe the coronavirus poses an “imminent threat” in the country, according to the survey, a slight increase from the 22% who said they considered the seasonal flu to have the same level of threat.

As few as 9% of the respondents said the coronavirus has had an impact on their work or business, including declining sales, postponed conferences or meetings and problems with supply chains.

Another 84% said it has had no impact, and 7% said they do not know.

The disease, which first surfaced in China in December, has now infected more than 100 people in the United States and killed at least nine. Health experts say it spreads primarily through tiny droplets coughed or sneezed from an infected person and then inhaled by another. Vigilant hygiene can prevent transmission, they say.

On its website, the U.S. Centers for Disease Control lists frequent handwashing for at least 20 seconds and disinfection of surfaces with an alcohol-based cleaner as methods of prevention. Scientists have yet to develop a vaccine to prevent the disease.

Coronavirus can survive on surfaces, such as handrails and door knobs, for “a very long period of time” and be picked up by hand that way, though the virus is “very susceptible” to cleaning products, Dr. Christopher Braden, deputy director of the emerging and zoonotic infectious disease center at the Centers for Disease Control and Prevention, told reporters on Friday.

Health officials also recommend that people avoid touching their face, eyes or mouth, and stay home from work if they feel ill.

The general public’s risk of exposure remains low, the CDC says, but that risk is elevated for healthcare workers and people who live in communities where spread is occurring, such as in Washington and California.

The number of coronavirus cases diagnosed in Washington state rose on Tuesday to 27, including nine deaths in the largest U.S. outbreak to emerge from local transmission. That was up from 18 cases and six deaths a day earlier, state health authorities reported.

Only a small minority of Americans say they have pursued more deliberate ways of avoiding the virus, according to the survey. As few as 5% said they are working from home, 6% said they have canceled or altered travel plans and 8% said they have purchased surgical masks.

Click here for the poll results

(Reporting by Gabriella Borter in New York; Editing by Frank McGurty and Dan Grebler)

WHO warns of global shortage of medical equipment to fight coronavirus

By Andrea Shalal and Stephanie Nebehay

WASHINGTON/GENEVA (Reuters) – The World Health Organization (WHO) on Tuesday warned of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus and asked companies and governments to increase production by 40% as the death toll from the respiratory illness mounted.

Meanwhile, the U.S. Federal Reserve cut interest rates on Tuesday in an emergency move to try to prevent a global recession and the World Bank announced $12 billion to help countries fight the coronavirus, which has taken a heavy toll on air travel, tourism and other industries, threatening global economic growth prospects.

The virus continued to spread in South Korea, Japan, Europe, Iran and the United States, and several countries reported their first confirmed cases, taking the total to some 80 nations hit with the flu-like illness that can lead to pneumonia.

Despite the Fed’s attempt to stem the economic fallout from the coronavirus, U.S. stock indexes closed down about 3%, safe-haven gold rose 3% and analysts and investors questioned whether the rate cut will be enough if the virus continues to spread.

U.S. lawmakers were considering spending as much as $9 billion to contain local spread of the virus.

In Iran, doctors and nurses lack supplies and 77 people have died, one of the highest numbers outside China. The United Arab Emirates announced it was closing all schools for four weeks.

The death toll in Italy, Europe’s hardest-hit country, jumped to 79 on Tuesday and Italian officials are considering expanding the area under quarantine. France reported its fourth coronavirus death, while Indonesia, Ukraine, Argentina and Chile reported their first coronavirus cases.

About 3.4% of confirmed cases of COVID-19 have died, far above seasonal flu’s fatality rate of under 1%, but the virus can be contained, the WHO chief said on Tuesday.

“To summarize, COVID-19 spreads less efficiently than flu, transmission does not appear to be driven by people who are not sick, it causes more severe illness than flu, there are not yet any vaccines or therapeutics, and it can be contained,” WHO chief Tedros Adhanom Ghebreyesus said in Geneva.

Health officials have said the death rate is 2% to 4% depending on the country and may be much lower if there are thousands of unreported mild cases of the disease.

Since the coronavirus outbreak, prices of surgical masks have increased sixfold, N95 respirators have tripled in cost and protective gowns cost twice as much, the WHO said.

It estimates healthcare workers each month will need 89 million masks, 76 million gloves and 1.6 million pairs of goggles.

The coronavirus, which emerged in the central Chinese city of Wuhan late last year, has spread around the world, with more new cases now appearing outside China than inside.

There are almost 91,000 cases globally of which more than 80,000 are in China. China’s death toll was 2,943, with more than 125 fatalities elsewhere.

In a unanimous decision, the Fed said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%.

Finance ministers from the G7 group of rich countries were ready to take action, including fiscal measures where appropriate, Japanese Finance Minister Taro Aso said. Central banks would continue to support price stability and economic growth.

AGGRESSIVE CONTAINMENT

In the United States, there are now over 100 people in at least a dozen states with the coronavirus and nine deaths, all in the Seattle area.

New York state reported its second case, a man in his 50s who works in Manhattan and has been hospitalized.

The public transportation agency in New York, the most densely populated major U.S. city of more than 8 million, said on Twitter it was deploying “enhanced sanitizing procedures” for stations, train cars, buses and certain vehicles.

China has seen coronavirus cases fall sharply, with 129 in the last 24 hours the lowest reported since Jan. 20.

With the world’s second largest economy struggling to get back on track, China is increasingly concerned about the virus being brought back into the country by citizens returning from new hotspots elsewhere.

Travelers entering Beijing from South Korea, Japan, Iran and Italy would have to be quarantined for 14 days, a city official said. Shanghai has introduced a similar order.

The worst outbreak outside China is in South Korea, where President Moon Jae-in declared war on the virus, ordering additional hospital beds and more masks as cases rose by 600 to nearly 5,000, with 34 deaths.

WHO officials also expressed concerns about the situation in Iran, saying doctors lacked respirators and ventilators needed for patients with severe cases.

WHO emergency program head Michael Ryan said the need in Iran was “more acute” than for other countries.

While the case numbers in Iran appear to be bad, he said, “things tend to look worse before getting better.”

The International Olympic Committee on Tuesday said the summer games in Tokyo set to begin on July 24 were still expected to happen despite Japan having nearly 1,000 coronavirus cases and 12 deaths. Health officials said they would continue to monitor the situation in Japan before any final decision on the Olympics is made.

Interactive graphic tracking global coronavirus spread: https://graphics.reuters.com/CHINA-HEALTH-MAP/0100B59S39E/index.html

(Reporting by Andrea Shalal in Washington and Tetsushi Kajimoto in Tokyo; Additional reporting by Michael Nienaber in Berlin, Stephanie Nebehay in Geneva, Kate Kelland in London, Takahiko Wada in Tokyo; Writing by Robert Birsel, Nick Macfie and Lisa Shumaker; Editing by Alexander Smith, John Stonestreet and Bill Berkrot)

U.S. lawmakers hit snag over vaccine costs in bill to battle coronavirus

By Richard Cowan

WASHINGTON (Reuters) – The U.S. Congress and President Donald Trump neared agreement on Tuesday on legislation to battle the spreading coronavirus with as much as $9 billion, but a dispute over the cost of vaccines held up a deal, Senate Democratic Leader Chuck Schumer said.

Leaders in the House of Representatives and Senate hoped to resolve the dispute and approve the emergency legislation by the end of this week.

A source close to the negotiations, who asked not to be identified, said that two issues must first be resolved: Democrats insist that the spending bill contain language stating that any coronavirus vaccine be priced at a “fair and reasonable” level. Democrats also want the government to help pay for vaccines to help those who might not be able to afford them.

Republican aides were not immediately available for comment.

Trump said the measure would appropriate about $8.5 billion – far above the $2.5 billion he initially requested last month. And House Majority Leader Steny Hoyer, noting that the measure was still being written in Congress, said it could inject “$8 or $9 billion” into the U.S. economy.

Depending on when Republicans and Democrats settle their dispute, the bill could be debated by the full House on Wednesday or Thursday. Once passed by the House, the Senate is expected to attempt to act promptly.

The legislation is one part of a multipronged approach emerging from Washington following multiple deaths in Washington state this week from illnesses caused by the highly contagious coronavirus.

Earlier on Tuesday the Federal Reserve cut interest rates by a half percentage point to a target range of 1.00% to 1.25% in an attempt to cushion the economy against the impact of the virus, which could slow consumer spending and disrupt business activities.

U.S. health officials have been ramping up the government’s ability to do more testing of patients suspected of having been infected by the new coronavirus, which was first detected in China late last year.

There also are efforts by pharmaceutical companies and Washington to speed the development of a vaccine for the coronavirus.

While details were still not available, the House’s emergency spending could contain money to help state and local governments respond to local health emergencies and possibly provide interest-free loans for small businesses affected by an outbreak, Democratic lawmakers said.

On Wednesday, the top four leaders of the House and Senate are scheduled to be briefed by Capitol officials on responses to the coronavirus and the possible impact on day-to-day operations of Congress.

A senior House Democratic aide said there have been no discussions of limiting tourism in the Capitol complex or shutting public galleries for viewing House and Senate debates.

Last Friday, House lawmakers were advised to develop alternative work arrangements for aides if the virus becomes widespread.

(Reporting by Richard Cowan, David Morgan, Jeff Mason and Lisa Lambert; Editing by Chizu Nomiyama and Jonathan Oatis)

Three more die in Seattle area from coronavirus as U.S. promises 1 million test kits

By Steve Gorman and Hilary Russ

(Reuters) – The number of people with the new coronavirus in the United States climbed on Tuesday with Washington state reporting three more deaths, as authorities worked on preventing its spread and the central bank acted on Tuesday to protect the economy from the impact of the global outbreak.

The total number of confirmed coronavirus cases in Washington state rose to 27, including nine deaths, up from 18 cases and six deaths a day earlier, the state Department of Health reported.

Eight of those who died from the respiratory illness were in King County and one was in neighboring Snohomish County, officials said. All 27 confirmed cases are clustered in those two counties in the greater Seattle area, making it the largest concentration detected to date in the United States.

Several of those who died had been residents of a long-term nursing care facility in the Seattle suburb of Kirkland called LifeCare, according to the Seattle & King County Public Health agency.

North Carolina reported its first presumptive positive case on Tuesday, in a person who had traveled to the same nursing home.

The number of cases in the United States was at least 108. The federal Centers for Disease Control and Prevention (CDC) earlier posted 108 cases on its website: 60 in 12 U.S. states, including presumed cases reported by public health laboratories, and 48 who were repatriated from abroad.

U.S. President Donald Trump told reporters his administration may cut off travel from the United States to areas with high rates of coronavirus, but said officials were not weighing any restrictions on domestic travel.

In New York, a man in his 50s who lives in a New York City suburb and works at a Manhattan law firm tested positive for the virus, bringing the number of confirmed cases in the state to two, New York officials said.

He has severe pneumonia and is hospitalized, officials said. The patient had not traveled to countries hardest hit in the coronavirus outbreak, which began in China in December and is now present in nearly 80 countries and territories, killing more than 3,000 people.

New York City Mayor Bill de Blasio said that the confirmation of the case was made by the city’s public health laboratory on its first day of testing.

DISPUTE

Previously, all testing was conducted by the CDC, which created a delay of several days before the result was known. U.S. Food and Drug Administration Commissioner Stephen Hahn told Congress that testing kits should be available by the end of the week that would give labs the capacity to perform about 1 million coronavirus tests.

The U.S. House of Representatives is aiming for Wednesday to debate a multibillion-dollar bill providing emergency funds. Republican Trump said his administration was working with Congress to pass an emergency spending measure, adding that he expects lawmakers to authorize about $8.5 billion.

Senate Democrats said a dispute with Republicans over the affordability of coronavirus tests and vaccinations were holding up agreement on a funding bill.

Senate Democratic leader Chuck Schumer said U.S. Vice President Mike Pence, who heads the government’s coronavirus task force, was unable to answer “vital questions” about the availability of tests during a 45-minute meeting.

“They didn’t have as many answers as we needed. They didn’t have the answers we needed. The biggest question, testing: when and where? They could not answer how soon people would be able to get the tests,” Schumer told reporters.

A House Republican aide, asked to elaborate on leadership claims that Democrats are trying to attach other measures to the coronavirus legislation, said, “Democrats attempted to include price controls both for government purchases and in the commercial market for drugs that haven’t even been developed yet.”

The aide cited experts in the administration and private industry as saying that would “slow down both development of new vaccines and therapies, and their procurement.”

Amid concerns about disruptions to supply chains, airlines and other business impacts of the coronavirus, the U.S. Federal Reserve on Tuesday cut interest rates in an emergency move designed to shield the world’s largest economy. The Fed said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%.

Stocks on Wall Street initially rose more than 2% on the Fed’s surprise statement. But the Dow, Nasdaq and S&P 500 later all fell at or near 3% by the end of the session.[.N]

International travel to the United States will fall 6% over the next three months, the U.S. Travel Association, an industry group, forecast. [L1N2AW1IJ]

(Reporting by Maria Caspani, Jonathan Allen, Laila Kearney, Hilary Russ in New York; Richard Cowan, David Morgan, Lisa Lambert and Ted Hesson in Washington and Steve Gorman in Los Angeles; writing by Grant McCool; Editing by Bill Berkrot and Jonathan Oatis)

Fed slashes rates in emergency move to combat coronavirus risks

WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.

It was the Fed’s first emergency rate cut since 2008 at the height of the financial crisis, underscoring how grave the central bank views the fast-evolving situation.

In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%.

“The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate,” the Fed said a statement.

The decision was unanimous among policymakers.

In a news conference, Federal Reserve Chair Jerome Powell said the coronavirus would weigh on the U.S. economy for some time. He said he believed the central bank’s action would provide “a meaningful boost to the economy.”

“We saw a risk to the outlook for the economy and chose to act,” Powell said. “I do know that the U.S. economy is strong.. I fully expect that we will return to solid growth and a solid labor market as well.”

The Fed’s decision to cut interest rates before its next scheduled policy meeting on March 17-18 reflects the urgency with which the Fed feels it needs to act in order to prevent the possibility of a global recession.

U.S. stocks initially surged on the move, which had increasingly been expected as it became evident the coronavirus would not be contained to its epicenter in China. With 90,000 cases worldwide in 77 countries and territories, the virus has upended global supply chains, triggered cancellations of sports events, business meetings and other large gatherings, and torpedoed global stock prices on fears it could cause a recession.

Equities reversed many of their initial gains within minutes of the unscheduled announcement by the Federal Open Market Committee, the central bank’s policy arm. U.S. Treasury debt prices surged, sending bond yields lower. Interest-rate futures traders immediately began pricing in even more rate cuts in coming months.

“Normally, markets would welcome a rate cut, and they were hoping for it,” said Peter Kenny, Founder of Kenny’s Commentary LLC. “Now that we’ve got it, the question is what’s next.”

Powell had earlier on Tuesday taken part in a conference call with the top finance authorities from the world’s seven largest economies, which concluded with a statement that they would take all appropriate measures to support the economy. At his news conference, Powell said the Fed was in active discussions with other central banks.

“I’m a little surprised. I didn’t expect that at 10 o’clock today, I thought you’d see something coordinated among central banks,” said Justin Lederer, interest rate strategist at Cantor Fitzgerald in New York.

U.S. Treasury Secretary Steven Mnuchin applauded the Fed’s decision, saying it would help the U.S. economy. In a tweet after the Fed move, President Donald Trump called on the central bank to cut even more. “More easing and more cutting,” he said.

(Reporting by Lindsay Dunsmuir and Ann Saphir; Editing by Dan Burns and Andrea Ricci)

‘Perfect Storm’: Washington virus deaths highlight risk at nursing homes

By Laila Kearney and Maria Caspani

NEW YORK (Reuters) – Less than a year after Constantine Valhouli moved his 85-year-old father into a Massachusetts elder-care facility, he is considering bringing his dad back home, his confidence rattled by a deadly coronavirus outbreak at a Washington state nursing home.

The deaths of four residents at the LifeCare long-term care facility in Kirkland has stoked Valhouli’s fears that the virus could spread quickly and quietly in facilities such as the home where his father resides after a series of strokes.

“You’ve got this perfect storm of conditions – the density of residents, the age of residents and the health concerns,” said Valhouli, a Boston resident who works in real estate analytics. “The terrifying part of it is that you can worry about it from a distance, but the minute you’ve got a case, it’s almost too late.”

Virus outbreaks are especially problematic in nursing homes because residents live in close quarters, so infections can spread easily. Older residents also tend to have weaker immune systems and underlying health conditions, making illnesses easier to catch and more dangerous if contracted.

As COVID-19 cases begin to spread across the United States, the Washington deaths have highlighted the vulnerability of older people in general. The elderly are considered the most at risk of dying from the virus, with deaths in China disproportionately affecting people over the age of 80.

“One thing that is clear is that nursing homes and hospitals are potentially at greater risk, and we are really going to have to think hard about what can be done to protect them,” Tom Frieden, a former director of the Centers for Disease Control and Prevention, told a media briefing on Monday.

If the outbreak spreads, Frieden said, U.S. officials might have to consider new steps to protect the more than 1.3 million Americans in nursing homes, such as curtailing visits to reduce the risk of introducing the virus to them.

At LifeCare in Kirkland, a resident in his 70s died over the weekend after contracting coronavirus, becoming the fourth person at the facility to have passed away from the virus as of Monday. Another 27 residents and 25 staff members were reporting symptoms, which can be similar to that of the common flu.

To be sure, the outbreak is not widespread in the United States so far, with only about 100 people across the country testing positive for the virus as of Sunday and six deaths. That compares with more than 87,000 cases worldwide and nearly 3,000 deaths in 60 countries, the World Health Organization said.

Even so, some senior living facilities have already started taking steps to limit their residents’ exposure to the virus.

Era Living, which manages eight independent and assisted living communities in the Seattle area, has begun restricting visitors, the group said on its website.

For now, facilities are working to prevent COVID-19 infections in similar ways that they guard against the flu, David Gifford, chief medical officer for the Agency For Health Care Administration, a non-profit federation of about 13,500 nursing homes and other care facilities, said on a conference call.

One essential weapon that nursing homes have against the flu is not available for coronavirus.

“There is no vaccine for coronavirus, and we know that when we have flu outbreaks, they are just huge. They just sweep through an entire nursing home,” Frieden said.

Keeping the virus away from nursing homes and other facilities with vulnerable residents will likely take restrictions on who can enter the buildings, with no sick people allowed inside, said Frieden. In the meantime, he said more outbreaks similar to the one in Washington are likely.

“This is a sentinel event. We are going to see this elsewhere,” he said.

(Additional reporting by Nathan Layne; Editing by Frank McGurty and Richard Pullin)

Coronavirus spreading fast but stigma is more dangerous: WHO

By Stephanie Kelly and Se Young Lee

GENEVA/BEIJING (Reuters) – Coronavirus now appears to be spreading much more rapidly outside China than within but can still be contained, and stigma is more dangerous than the disease itself, the World Health Organization said on Monday.

WHO chief Tedros Adhanom Ghebreyesus said almost nine times as many cases had been reported outside China as inside in the previous 24 hours, adding that the risk of coronavirus spreading was now very high at a “global level”.

He said outbreaks in South Korea, Italy, Iran and Japan were the greatest concern, but that there was evidence that close surveillance was working in South Korea, the worst affected country outside China, and the epidemic could be contained there.

“Stigma, to be honest, is more dangerous than the virus itself. Let’s really underline that. Stigma is the most dangerous enemy,” he told a news briefing in Geneva.

He said the fight against the coronavirus should become a bridge for peace, commending the United States for supporting sending medical aid to Iran despite the tensions between them.

“I think we have a common enemy now,” he said.

The global death toll exceeded 3,000, with the number of dead in Italy jumping by 18 to 52 and Latvia, Saudi Arabia and Senegal reporting cases for the first time.

Yet equity markets surged after their worst plunge since the financial 2008 crisis last week, encouraged by the prospect of government action to stem the economic impact.

Finance ministers of the G7 group of leading industrialized democracies were expected to discuss measures in a conference call on Tuesday, sources told Reuters.

Oil prices jumped 4% amid hopes of a deeper output cut by the Organization of the Petroleum Exporting Countries.

( Graphic: Tracking the coronavirus https://graphics.reuters.com/CHINA-HEALTH-MAP/0100B59S39E/index.html )

MORE THAN PREDICTED

A senior U.S. official said he was concerned about a likely jump in the number of cases in the United States, which has had more than 90, with six deaths.

“When you have a number of cases that you’ve identified and they’ve been in the community for a while, you’re going to wind up seeing a lot more cases than you would have predicted,” Dr Anthony Fauci, head of the infectious diseases unit at the U.S. National Institutes of Health, told CNN.

South Korea has had 26 deaths and reported another 599 infections on Monday, taking its tally to 4,335.

Of the new cases in South Korea, 377 were from the city of Daegu, home to a branch of the Shincheonji Church of Jesus, to which most of South Korea’s cases have been traced after some members visited the Chinese city of Wuhan, where the disease emerged.

Vietnamese students of Hanoi National University of Education, wearing protective masks, attend the first day of classes after returning to the university, which was closed for over a month due to the novel coronavirus outbreak, Hanoi, Vietnam March 2, 2020. REUTERS/Kham

The Seoul government asked prosecutors to launch a murder investigation into leaders of the church. Seoul Mayor Park Won-soon said that if founder Lee Man-hee and other heads of the church had cooperated, fatalities could have been prevented.

Lee knelt and apologized to the country, saying that one church member had infected many others and calling the epidemic a “great calamity”. “We did our best but were not able to stop the spread of the virus,” Lee told reporters.

It was not immediately known how many of South Korea’s dead were members of the church.

‘OUTBREAKS ARE CURBED’

But Wuhan itself, at the center of the epidemic, shut the first of 16 specially built hospitals that were hurriedly put up to treat coronavirus cases, the Chinese state broadcaster CCTV said.

There was also a steep fall in new cases in Hubei, the province around Wuhan, but China remained on alert for people returning home with the virus from other countries.

The virus broke out in Wuhan late last year and has since infected more than 86,500 people, mostly in China.

Only eight cases were reported in China beyond Hubei on Sunday, the WHO said.

Outside China, meanwhile, more than 60 countries now have cases, with more than 8,700 infected and more than 100 deaths.

One of the worst-hit nations, Iran, reported infections rising to 1,501, with 66 deaths, including a senior official. With stocks of gloves and other medical supplies running low in pharmacies, authorities uncovered a hoard of supplies including millions of gloves.

In Britain, which has 40 confirmed cases, Prime Minister Boris Johnson urged people to be prepared for a further spread.

ECONOMIC DAMAGE

Factories worldwide took a beating in February from the outbreak, with activity in China shrinking at a record pace, surveys showed, raising the prospect of a coordinated policy response by central banks.

The epidemic has forced the postponement of festivals, exhibitions, trade fairs and sports events and damaged tourism, retail sales and global supply chains, especially in China, the world’s second-largest economy.

Middle East airlines have lost an estimated $100 million so far due to the outbreak.

An official of the International Air Transport Association (IATA) said airlines stood to lose $1.5 billion this year due to the virus and urged governments to help them.

The Organization for Economic Cooperation and Development warned that the outbreak was pitching the world economy into its worst downturn since the global financial crisis, urging governments and central banks to fight back.

(This story corrects to say almost nine times as many cases reported outside China as inside, not vice versa, in the second paragraph)

(Reporting by Stephanie Nebehay in Geneva, Hyonhee Shin and Jack Kim in Seoul, Ju-min Park in Gapyeong, Ryan Woo, David Stanway, Se Young Lee, Emily Chow and Andrew Galbraith in Beijing, Leigh Thomas in Paris, Michelle Price in Washington, Leika Kihara in Tokyo, Jonathan Cable in London, Donny Kwok and Twinnie Siu in Hong Kong and Grant McCool in Washington; writing by Nick Macfie and Philippa Fletcher; editing by Mark Heinrich and Kevin Liffey)