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Wuhan Virus Watch: Apple CEO ‘optimistic’ China has coronavirus situation under control

Wuhan Virus Watch: Apple CEO ‘optimistic’ China has coronavirus situation under control

Chinese stocks surge as investors shrug off virus fears.

The total number of Wuhan Coronavirus cases currently stands at 85,206, distributed among 60 nations and territories. The death toll stands at 2,923.

Apple CEO ‘optimistic’ China has coronavirus situation under control

Apple CEO Tim Cook believes that China is getting the situation related to the COVID-19 coronavirus under control.

“I mean, if you look at the numbers, they’re coming down day by day by day. So I’m very optimistic there,” Cook said in an interview with Fox Business.

Although the majority of COVID-19 cases have been in China, officials have started to report declines in new cases in recent days.

Cook’s optimistic remarks are one of the first signs that China’s supply chain has started to get back to work. Apple warned in February that it will not meet its March quarter sales forecast because the coronavirus could hurt iPhone supply around the world, as well as lower demand in China related to the coronavirus.

Chinese stocks surge as investors shrug off virus fears

There were some signs that the media-induced market sell-off is now slowing down. First, Chinese stocks surged, as signs continue to show that the rate of coronavirus infections is slowing down.

Mainland Chinese stocks were among the biggest winners regionally, with the Shenzhen component jumping 1.6% to close at 10,940.80 and the Shenzhen composite surging 1.554% to end its trading day at about 1,785.33. The Shanghai composite also gained 0.87% to close at around 2,926.90. Hong Kong’s Hang Seng index was 1.1% higher, as of its final hour of trading.

In Japan, the Nikkei 225 gained 0.74% to close at 23,861.21 as shares of index heavyweight and conglomerate Softbank Group surged 11.89% after a judge stateside approved a merger between T-Mobile and Sprint. Softbank is a majority shareholder of Sprint. The Topix index, on the other hand, ended its trading day slightly lower at 1,718.92.

Meanwhile, South Korea’s Kospi added 0.69% to close at 2,238.38.

I would like to point out that despite all the media drama, the Dow Jones Industrial Average was showing signs of recovery toward the end of the trading on Friday and the NASDAQ made a small gain.

Netflix stock RISES after suggestions people quarantined amid coronavirus concerns will binge-watch on break

One of the winners in Friday’s trading was Netflix.

Netflix stock actually got a bump this week as the rest of the world’s markets were taking a dive over coronavirus concerns.

The price of Netflix stock rose .08 per cent over the past five days, as analysts say they see the virus delivering a short-term benefit to streaming services.

Their reasoning is that people who are forced into quarantine, or workers who stay home to avoid infection, will need to watch something to pass the time.

New York Stock Exchange considers shutting its trading floor due to potential coronavirus work restrictions & press-induced panic

The New York Stock Exchange may close its trading floor amid press-induced panic about the spread of coronavirus and employee travel concerns.

‘NYSE preparing for possibility floor can’t open amid panic,’ Fox News reporter Charles Gasparino tweeted just before the markets closed on Friday.

Wall Street firms are also restricting travel and telling employees they may have to work from home, Gaparino said.

A spokesperson confirmed to that ‘NYSE is carefully monitoring the spread of COVID-19 and has robust contingency plans, tested regularly, to enable continuous operation of the NYSE exchanges should any facilities be impacted.


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notamemberofanyorganizedpolicital | February 29, 2020 at 12:48 pm

“…..Nunes discusses how the Democrats are attempting to weaponize the Coronavirus scare……”

Another boomerang inbound. What is proving to be more virulent, corona or TDS.

I’m no Apple fan but if Apple is saying they are at phase 3 orf reopening their plants. Keep in mind the SEC has some say if he’s fudging it.

    JusticeDelivered in reply to 2smartforlibs. | February 29, 2020 at 5:26 pm

    I am also not a fan of Apple. The company engineers crippled products, for the most part so they continue to milk customers. Then they cover up their nature with lots of advertising hype.

A little bit of hype may save us considerable pain. If public gatherings where there’s a much speaking, shouting and shoulder-to-shoulder jostling are cancelled before many cases are noticed (which is only well after it has arrived), the first cases that will inevitable slip through travel controls will fall on bare ground – not in crowds. That could delay things until summer, which should (but no guarantee!) delay things until late fall.
By then we’ll have a full stock of any needed gear, and more importantly, a chance, just a chance, to create mass behaviour change. Wash hands for a count of 20, don’t touch yr dayum face, stay home when you’re sick, get your flu shot to protect your grandparents, etc etc. If, somehow, everyone did that we’d have the easiest flu season in 100 years, and the same or less time off work.

In that scenario, the bug still establishes itself worldwide, but slowly. Medicine is not drowned with cases, there’s a ventilator or even ECHO bed if you need it. After it’s been around the world once, most people have had it and will be immune for several years. After about 18 months, new cases plummet. Der Internets buzz with people complaining that it was all hype.

In 2 years there will be a tested, validated vaccine, in 3, several competing vx. Now the bug is burning down naturally AND finding fewer fresh human hosts, because the never-infected are getting vaccinated. The bug becomes a fox in a land without rabbits.
Finally, after 2-3 years, the virus burns out. It may go back to its animal reservoir, or bounce around in a fraction of the population who don’t develop durable immunity. But it will be gone as a public health issue. It might come back 10 years later, but by that time those evil Capitalist Pharma Jew Western Scientists have nailed down the whole SARS family. This is deemed to be proof that they’re molecular racists.

Unless we get Bernie/Omar, in which case most Christians and all Jews not named Sanders get ‘special’ treatment and meet a mysterious demise, which is then deemed to be Allah’s Will.

    JusticeDelivered in reply to beagleEar. | February 29, 2020 at 5:45 pm

    We will not have production quantities of a vaccine by then, the next flu season might still be pretty rough. There is reason to think that some existing medicines may offer some relief, but right now we just do not know which ones and how effective they might be.

    JusticeDelivered in reply to beagleEar. | February 29, 2020 at 8:09 pm

    It seems that Iran is getting a big dose of Allah’s will from Coronavirus, compliments of China.

amatuerwrangler | February 29, 2020 at 1:22 pm

“The total number of Wuhan Coronavirus [sic] cases currently stands at 85,206, distributed among 60 nations and territories. The death toll stands at 2,923.”

This is a misleading statement as presented. The numbers are presumably correct, but the message carried is questionable. The lion’s share of the cases are in China, as are the numbers of deaths. Some countries have comparatively few cases and deaths. The cases are certainly not evenly distributed among those countries.
Another thing that might help is this:

where AP fact checks some of the Dem candidates’ claims about Trump “budget cuts” to CDC. Spoiler: No cuts were made.

We are in flu season– what are the numbers on this year’s version of the garden-variety flu so far?

Free State Paul | February 29, 2020 at 1:28 pm

If there’s any place that can stomp out the virus, it’s a totalitarian, Confucian state like China.

I’m concerned about Iran. Even more so about other underdeveloped, Moslem countries. Lack of medical infrastructure + Islamic fatalism = epidemics.

From there it’s a matter of time before the virus starts popping up all over the US. And Americans’ independent, anti-authoritarian, and frankly selfish streak won’t handle quarantines very well.

    On one hand the Left will blame Trump for everything and on the other wish they ran the country to try out total governmental control of the populous. Listening to their projection..martial law was number one on their list.

    Globalism is directing much of this right now. It would be interesting to compare bad fly seasons to now for incidence and prevalence.

    The real issue being avoided is driving home where this truly came from.

notamemberofanyorganizedpolicital | February 29, 2020 at 1:30 pm



Global leaders said coronavirus WAS under control Feb. 25,2020

Free State Paul | February 29, 2020 at 1:32 pm

On the bright side, since the COVID-19 virus mostly kills the old and the sick, we might enjoy lower federal deficits at some point down the line.

notamemberofanyorganizedpolicital | February 29, 2020 at 2:01 pm

President Trump Delivers Remarks

Live now.

The US will get a lot of cases in certain areas because they have such stupid people like this:

“In Washington State: a 18-year-old student from Jackson High School in Mill Creek with no travel history to an outbreak area who on Feb. 24 had body aches, chills and a headache. After feeling better, he returned to school, before test results came out on Feb. 28. The school will be closed for a few days of deep disinfecting.”


If you are sick enough to go get a test, why don’t you stay home until you get the results? Now this kid is patient 1 to many potential cluster cases. I wonder if the state government is willing to locate who patient zero is?

I don’t believe it.

Back when SARS was the coming pandemic, I was teaching in Taiwan less than half a mile from the hospital where the island’s first death for SARS was recorded. But I didn’t know anyone who came down with the disease and people I knew didn’t know anyone infected, either.

Regular influenza is still far more widespread and kills more people than COVID. I wonder how much of the panic is merely due to the novelty of the disease?

I’m surprised Cook didn’t get the message that Coronavirus is a hopeless catastrophe because Orange Man Bad.

China’s numbers are coming down, unfortunately the numbers are lies. The unknown, probably to everyone, is how much lying. At a provincial level, they lie to look better to the central government.

Industrial output per ZeroHedge is low, and Pollution is super low. And now China is trying to fudge the other ways people try to see how China is doing.

I find it very positive that Taiwan and HK are doing so well on the spread of CoronaVirus. South Korea has high numbers, my guess is because they are testing everyone. And that cult has a high infection rate.