China coronavirus spread is accelerating, Xi Jinping warns

The country is facing a “grave situation” Mr Xi told senior officials

https://youtu.be/NbuAADl5N7Q

The spread of a deadly new virus is accelerating, Chinese President Xi Jinping warned, after holding a special government meeting on the Lunar New Year public holiday. The coronavirus has killed at least 42 people and infected some 1,400 since its discovery in the city of Wuhan. Meanwhile, UK-based researchers have warned of a real possibility that China will not be able to contain the virus. Travel restrictions have come in place in several affected cities. From Sunday, private vehicles will be banned from central districts of Wuhan, the source of the outbreak. A second emergency hospital is to be built there within weeks to handle 1,300 new patients, and will be finished in half a month, state newspaper the People’s Daily said. It is the second such rapid construction project: work on another 1,000-bed hospital has already begun. Specialist military medical teams have also been flown into Hubei province, where Wuhan is located. The urgency reflects concern both within China and elsewhere about the virus which first appeared in December. Lunar New Year celebrations for the year of the rat, which began on Saturday, have been cancelled in many Chinese cities. Across mainland China, travellers are having their temperatures checked for signs of fever, and train stations have been shut in several cities. In Hong Kong, the highest level of emergency has been declared and school holidays extended. Several other nations are each dealing with a handful of cases, with patients being treated in isolation. A coronavirus is a family of viruses which include the common cold. But this virus has never been seen before, so it’s been called 2019-nCov, for “novel coronavirus”. New viruses can become common in humans after jumping across the species barrier from animals. The Sars [Severe Acute Respiratory Syndrome] outbreak of 2003 started in bats and transferred to the civet cat which passed it on to humans. This new virus also causes severe acute respiratory infection. Symptoms seem to start with a fever, followed by a dry cough and then, after a week, lead to shortness of breath and some patients needing hospital treatment. Based on early information, it is believed that only a quarter of infected cases are “severe”, and the dead are mostly – though not exclusively – older people, some of whom have pre-existing conditions. The Chinese authorities suspect a seafood market that “conducted illegal transactions of wild animals” was the source of the outbreak. Scientists at the respected MRC Centre for Global Infectious Disease Analysis in the UK have warned that it may not be possible to contain the virus to China. They say self-sustaining human-to-human transmission of the coronavirus is the “only plausible explanation” for the scale of the epidemic. Their calculations estimate each infected person is passing it onto, on average, 2.5 other people. The centre praised the efforts of the Chinese authorities, but said transmission of the virus needed to be cut by 60% in order to get on top of the outbreak. This is a massive challenge, the scientists suggest, which will require finding and isolating even patients with only mild symptoms that could easily be confused with other diseases. Elsewhere, a team at Lancaster University have published their estimates of the number of cases suggesting 11,000 have been infected this year. If true, that would be more than Sars. There are now 1,372 confirmed cases across China, though most are concentrated in those provinces closest to Hubei. But it has also spread abroad – in isolated cases affecting small numbers of patients. On Saturday, Australia confirmed its first four cases – first in Melbourne, and then three more in Sydney. It has also spread to Europe, with three cases confirmed in France. Tests in the UK on 31 people have come back negative, the government has said. Officials are trying to trace around 2,000 people who have recently flown to the UK from Hubei province. The cases largely involve people who had recently travelled from the affected region in China. China’s neighbours in the Asia region are on high alert, however, with cases reported in Thailand, Singapore, Japan, Taiwan, Malaysia, Vietnam, South Korea and Nepal. There are also cases in the United States. The city of Wuhan is effectively on lockdown, with heavy restrictions on travel in and out, and public transport options from buses to planes cancelled. It is a major population centre with up to 11 million inhabitants – comparable in size to London. Pharmacies in the city have begun to run out of supplies and hospitals have been filled with nervous members of the public. Officials have urged people to avoid crowds and gatherings. “The whole transport system has been shut down,” Kathleen Bell, who is is originally from the UK and works in Wuhan, told the BBC. “From midnight tonight private cars are not allowed on the road. And taxis aren’t running.” Major Western brands such as McDonald’s and Starbucks have closed in the city and in others nearby. The US, France and Russia are among several countries trying to evacuate their nationals from Wuhan, reports say.

China is also suspending from Monday all foreign trips by Chinese holiday tour groups, state media reported.

The outbreak has severely restricted Lunar New Year celebrations in China, when millions of people normally travel home. Major public events have been cancelled and tourist sites shut. Nick Note: This is a enormous profit opportunity either way it goes. Bottom line is i expect the news to get far far wore. Reality is in a early assessment this is a epidemic NOT a pandemic. And that means their is gold in those coughs! Let me show how they jerk you off. In the US alone we saw 45,000,000 people come down with the flue and 68,000 confirmed deaths in 2017 – 2018. For the 2018-2019 flue season the figures are not all in yet… but the estimates are they will equal previous years.  So excuse me if i am not running around like a chicken with its head cut off over  under 1,000 dead at most  in this latest outbreak……. The sky is falling!!! Wolf wolf wolf!

Wall Street set for weekly loss on gathering virus fears

People participate in an emergency exercise on prevention and control of H7N9 bird flu virus organised by the Health and Family Planning Commission of the local government in Hebi, Henan province, China June 17, 2017. Picture taken June 17, 2017.

NEW YORK (Reuters) – Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. All three major U.S. stock averages extended their losses after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago. For the holiday-shortened week, all three indexes are on course to post a decline with the Nasdaq set to snap a six-week winning streak. Market participants kept a wary eye on developments surrounding the coronavirus, which the World Health Organization (WHO) deemed “an emergency in China,” having now killed 26 people and infected more than 800 on the eve of the Lunar New Year holiday.

“There’s not much confidence in actual fundamentals, and a scare like the virus can be enough to force investors to rethink if markets have run too far too fast for too long,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York. “There’s lots of uncertainty in the markets and the virus scare has only added to that.” Analysts now expect earnings to have contracted by 0.5%, on aggregate, in the October to December quarter.

Oil slumps, on track for more than 7% weekly decline, as China virus fears shadow market

West Texas Intermediate oil for March is on track for its fourth straight decline

Oil futures fell sharply Friday on fears the spread of the coronavirus in China elsewhere will undercut demand for crude which has seen prices already under pressure due to worries about a potential oversupply. On Friday, China’s National Health Commission confirmed more than 800 cases of the coronavirus, an illness akin to severe acute respiratory syndrome, or SARS. So far, the death toll has risen to 26 from 17, according to the commission and state media. In the U.S., the Centers for Disease Control and Prevention confirmed a second case of coronavirus. Cases have also been reported in other countries, though the World Health Organization on Thursday said it was too early to declare a global health emergency. “In the last few days the oil price has suffered, with four consecutive trading sessions in the red as investors are seeing growing chances – again – of oversupply for the next few months, particularly with US inventories rising earlier this week,” wrote Carlo Alberto De Casa, chief analyst, ActivTrades, in a Friday note. West Texas Intermediate crude for March delivery CLH20, -2.37%  was down $1.34, or 2.4%, at $54.25 a barrel on the New York Mercantile Exchange, after falling 2% on Thursday, marking its lowest finish since Nov. 29 for a front-month contract, according to Dow Jones Market Data. The U.S. benchmark is on track for a weekly fall of more than 7%. China has restricted travel in and out of Wuhan, where the first cases of the coronavirus outbreak appeared last month, but a number of other cities also have limited travel. The World Health Organization stopped short of declaring an international health emergency due to the coronaviruses spread but did describe the outbreak as a China emergency at gathering on Thursday.

“Moreover, there is some anxiety for the possible impact from Chinese flu, even if at this stage we cannot understand how this fear is justified and how it will impact on oil demand,” De Casa said.

Oversupply concerns, despite a disruption to Libyan oil production, have been additional worries for the investors of the commodity. “The key, of course, for oil is to determine how quickly the quarantines will be lifted and whether this virus is really under control or does it continues to spread,” wrote Phil Flynn, senior market analyst at The Price Futures Group. Nick Note: I can not help myself i just gotta buy the shit out of this silkiness

New China virus: Five questions scientists are asking

Researchers are racing to find out more about the epidemiology and genetic sequence of the coronavirus spreading in Asia and beyond.

Health authorities around the world are worried about an outbreak of a mysterious virus that originated in Wuhan, China, last month. Officials there have confirmed more than 500 cases of the infection, which causes a respiratory illness, and 17 deaths. Several cases have been spotted elsewhere in Asia and one in the United States.

Researchers are racing to learn more about the virus and to discover whether it has the potential to cause an outbreak similar to the 2002–03 epidemic of severe acute respiratory syndrome (SARS), which emerged in southern China and killed 774 people in 37 countries. Both are members of a large virus family, called coronaviruses, that also includes those responsible for the common cold. Efforts to understand the outbreak are especially crucial, because mass travel from Friday for the Chinese New Year holiday could spread the virus farther and faster.How does the virus spread? The most urgent question surrounding the outbreak is determining how it spreads. Chinese authorities have confirmed that some cases have been caused by transmission between humans, but it’s still unclear whether this can happen routinely. “What’s critical to understand is whether that’s occurring at a rate and with a level of efficiency which would sustain a human epidemic,” says Neil Ferguson, a mathematical epidemiologist at Imperial College London. Monitoring the rate at which new cases appear, and when symptoms began for each case, should tell scientists how easily the virus can pass between humans and whether the outbreak has the potential to persist. High rates of pneumonia among the first people infected had many researchers worried that the Wuhan virus was especially pernicious. Those concerns have receded slightly, as more mild cases turn up. With at least 17 deaths in more than 500 cases, the virus does not seem to be as deadly as SARS — which killed an estimated 11% of the people it infected. But “It’s too early to be sanguine about the severity,” Ferguson says. Authorities are working on the theory that the virus originated in an unidentified animal or animals, and then spread to humans at a large animal and seafood market in Wuhan. Identifying the animal source of the virus could help to control the current outbreak and gauge its threat — and potentially prevent future epidemics, say researchers. Genetic sequencing suggests that the Wuhan virus is related to coronaviruses that circulate in bats, including SARS and its close relatives. But other mammals can transmit these viruses — SARS was probably spread to humans by civet cats. The live-seafood market where the outbreak seems to have originated — now closed — also sells wild animals. Tracing other cases to the market could help to identify the source, as could tests of animals from the market, or containers and cages, for viral genetic material, says Ben Cowling, an epidemiologist at the University of Hong Kong. Genetic sequencing of the Wuhan coronavirus offers clues to its origins and spread. Laboratories in China and Thailand have sequenced the genomes of at least 19 strains found in infected people and have made them publicly available. That’s “pretty remarkable, given that we’re two weeks after work has begun,” says Trevor Bedford, an evolutionary geneticist at Fred Hutchinson Cancer Research Center in Seattle, Washington, who is analysing the sequences as they come in. “People are extremely fast and excellent about data sharing,” Bedford adds. Bedford says that the most striking thing about the sequences is how similar they are to one another. “There’s very little diversity. I expected to see more and I think other people did as well.” The lack of genetic diversity suggests that the common ancestor of the different human strains emerged in November or December and has spread rapidly, and hasn’t gained many mutations. Those it has gained tend to be distinct for each virus sequence. However, Bedford adds, the genomes don’t yet indicate whether the rapid expansion of the virus occurred in humans or in an animal reservoir. Evolutionary geneticist Andrew Rambaut at the University of Edinburgh, UK, posted an analysis on 20 January that came to a similar conclusion. Bedford says that, with further virus sequences, it might be possible to find out whether most cases are caused by repeated spillover of the virus from animals into humans, with limited human-to-human transmission, or whether the virus spread to a small number of humans and most cases are now being caused by secondary human-to-human transmission. “I think that would be the big epidemiological goal for everyone at the moment,” he says. Genetic information from the animal or animals that transmitted the virus to humans would also be helpful in identifying the extent of human-to-human transmission, Bedford adds.

Such sequences, he says, could also identify any genetic changes that might have helped the virus make the jump from animals to humans. And if the outbreak drags on because of extensive human-to-human transmission, Bedford and other geneticists will be looking for signs that the virus has gained further mutations enabling it to spread more efficiently in humans. Bedford cautions that these conclusions are preliminary, because so few data are available. “Adding a few key samples can change the story significantly,” he says. No drugs have been shown to be effective in treating SARS or other coronavirus infections in humans, and no vaccines aimed at preventing these infections have been licensed. A team at China’s National Engineering Research Center for the Emergence Drugs in Beijing is working on finding therapies that would work by blocking the receptor on human cells that the virus latches on to and uses to infect. A comparison of the SARS and new China virus sequences, published on 16 January, found that they bind to the same receptor. The team is hoping to revive efforts to develop treatments for SARS and adapt them in a bid to make a drug could work against the latest virus.

WHO says not declaring virus a global emergency but taking it seriously

GENEVA (Reuters) – The World Health Organisation (WHO) said on Thursday that the new coronavirus that has emerged in China and spread to several other countries does not yet constitute an international emergency but it was tracking its evolution “every minute”. WHO director-general Tedros Adhanom Ghebreyesus made the announcement after its Emergency Committee of 16 independent experts reviewed the latest evidence and made its recommendations, which he accepted. “Make no mistake, though, this is an emergency in China,” Tedros told a news conference at WHO headquarters in Geneva. “But it has not yet become a global health emergency. It may yet become one.” China put millions of people on lockdown on Thursday in two cities at the epicentre of a coronavirus outbreak that has killed 18 people and infected more than 630, as authorities around the world worked to prevent a global pandemic. Nick Note: The height of incompetency. The virus is spreading like wild fire. Of course they should declare a health emergency. At a time that diseases travel at damn near the speed of sound in those 747 disease incubators ALL ALL airports should screen ALL passengers and people from patient zero land in China sholud face at least 48 hour quarantine when they arrive anywhere in the world…..

Inside Wuhan’s quarantine zone amid coronavirus outbreak

Soldiers wearing face masks screened people Thursday for the coronavirus in Wuhan, China — where doctors wore hazmat suits to treat patients sickened by the mystery illness, photos from inside the city show.  Wuhan government officials called the situation a “state of war” after a public transportation ban and other safety measures were issued in the central Chinese city where the disease emerged, according to NPR.

Enlarge ImageA militia member checks the body temperature of a driver on a vehicle at an expressway toll gate in Wuhan.
A militia member checks the body temperature of a driver of a vehicle at an expressway toll gate in Wuhan.EPA

“Strictly implement emergency response requirements, enter into a state of war and implement wartime measures to resolutely curb the spread of this epidemic,” officials warned, according to the report. The officials further urged residents to remain in their homes, saying, “Homes must be segregated, neighbors must be watched.”

Wuhan issued a travel ban Wednesday that suspended all public transportation in an effort to contain the spread of the virus, which has sickened more than 600 people and killed 17. The mandate banned travel out of the central Chinese city on trains, long-haul buses and flights. Soldiers were photographed wearing face masks as they barricaded the entrances to the city’s train stations Thursday morning to prevent travel out of Wuhan.Cars were still allowed to leave Wuhan on Thursday, but officials began to close down major highways, NPR reported. Officials said they were screening anyone leaving or entering the city for symptoms such as fever. The city is home to 11 million residents, who received less than eight hours’ notice of the quarantine, according to the report.

The deadly virus can spread from person to person, but the exact nature of that transmission is not known, officials said.

Infected people seen ‘dead in streets’ in quarantined Chinese virus city

EXCLUSIVE: Disturbing images on Instagram from inside Wuhan show residents dropping to the floor following a lockdown of the city by Chinese authorities. Disturbing images of Wuhan residents dropping unresponsive to the floor have emerged on Instagram following the diseased Chinese city’s coronavirus lockdown.

MAY BE FAKE NEWS WARNING!

Wuhan has been branded a “zombieland” by frantic locals after Chinese authorities told residents they are not allowed to leave yesterday morning. It appears as though the man was waiting in line for paperwork when he collapsed while wearing a disposable face mark for protection. As the scene unfolds, a medic dressed in all white approaches the man and bends down to offer assistance.

The situation was witnessed by a line of six people but the incident does not seem isolated as other residents have posted images of the same scenario. Pictures from inside the city paint an apocalyptic picture as medics patrol in hazmat suits and gas masks. In an upload direct from Wuhan, a man can be seen lying unresponsive on the floor as concerned individuals look on. The situation was witnessed by a line of six people but the incident does not seem isolated as other residents have posted images of the same scenario. Nick Note: Take this story with a grain of salt. I am/was reluctant to post this story that is not collaborated. I decided to go ahead with is as it became apparent that something BIG is going on here. Two cities in China are quarantined….. unprecedented. One thing for sure something big is going on here. I will keep you posted!

Barkindo: Too soon to discuss OPEC+ cuts until 2021

OPEC Secretary-General Mohammed Barkindo said on Thursday that it is too early to discuss an extension to the crude output cut deal between the Organization of the Petroleum Exporting Countries (OPEC) and its allies until the end of 2020, Tass reported. Earlier this week, Barkindo denied reports that the next meeting of the cartel and allied producers will be delayed. In December, OPEC+ agreed to extend the output cut deal and lower oil production by 500,000 barrels per day in the first quarter of 2020. The current deal is set to expire at the end of March.

EIA Weekly Report week ending January 17, 2020

U.S. crude oil refinery inputs averaged 16.9 million barrels per day during the week ending January 17, 2020, which was 116,000 barrels per day less than the previous week’s average. Refineries operated at 90.5% of their operable capacity last week.
Gasoline production increased last week, averaging 9.5 million barrels per day. Distillate fuel production decreased last week, averaging 5.0 million barrels per day. U.S. crude oil imports averaged 6.4 million barrels per day last week, down by 120,000
barrels per day from the previous week. Over the past four weeks, crude oil imports averaged about 6.5 million barrels per day, 15.8% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 563,000 barrels per day, and distillate fuel imports averaged 320,000 barrels per day.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.4 million barrels from the previous week. At 428.1 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year. Total motor gasoline inventories increased by 1.7 million barrels last week and are about 4% above the five year average for this time of year. Finished gasoline and
blending components inventories both increased last week. Distillate fuel inventories
decreased by 1.2 million barrels last week and a
re about 2% below the five year average for this time of year. Propane/propylene inventories decreased by 1.4 million barrels last week and are about 27% above the five year average for this time of year. Total commercial petroleum inventories decreased last week by 1.9 million barrels last week. Total products supplied over the last four-week period averaged 20.0 million barrels per day, down by 1.6% from the same period last year. Over the past four weeks, motor gasoline product supplied averaged 8.6 million barrels per day, down by 1.4% from the same period last year. Distillate fuel product supplied averaged 3.5 million barrels per day over the past four weeks, down by 8.3% from the same period last year. Jet fuel
product supplied was up 3.8% compared with the same four -week period last year.

Oil Falls Further On Rising Crude, Product Inventories

Oil tanks

The American Petroleum Institute (API) estimated on Wednesday a surprise crude oil inventory build of 1.57 million barrels for the week ending January 17, compared to analyst expectations of a 1.009-million-barrel draw in inventory. Last week saw a build in crude oil inventories of 1.1 million barrels, according to API data.  Oil prices were down earlier in the day prior to the afternoon data release, despite continued unrest in oil-rich Iraq and a near-complete oil production disruption in Libya, as fears of economic slowdown once again surface—this time not from the trade dispute between the United States and China, but due to a deadly SARS-like virus known as coronavirus in China that now shows a confirmed case in the United States. At 2:24 pm EST on Wednesday, the WTI benchmark was trading down $1.34 (-2.30%) at $57.04, roughly $1.30 per barrel under last week’s levels. The price of a Brent barrel was also trading down on Wednesday, by $1.11 (-1.72%), at $63.48—roughly $1.10 under last week’s prices. The API this week also reported another large build of 4.5 million barrels of gasoline for week ending January 17, after last week’s large 3.2-million-barrel build. This week’s large gasoline build compares to analyst expectations of a 3.090-million barrel-build for the week. Distillate, too, saw inventories increase, by 3.5 million barrels for the week, adding onto last week’s large 6.8-million-barrel build, while Cushing inventories fell by 429,000 barrels. US crude oil production as estimated by the Energy Information Administration showed that production for the week ending January 10 increased to 13.0 million bpd, a record high for the United States. Nick Note: Their is no surprise… Commig out of heating oil season inventories always rise.  This drop is overdone… It makes me want to go long….. For some spring time time fun