Mexico Confirms 2nd Case In Latin America; Nigeria Confirms First Case South Of The Sahara: Live Updates

Update (0900ET): Spain reported 18 new cases Friday afternoon, bringing its total to 32, although 29 of them have direct links to ‘risk zones’ abroad (including Italy in particular). 

Still, Spanish doctors and epidemiologists haven’t been able to trace the origins of 3 cases, contributing to anxieties that the outbreak might be much larger than presently detected.

Some 130 guests at the H10 Costa Adeje Palace hotel in Tenerifem the largest of Spain’s Canary Islands, will be allowed to leave Friday after several days on lockdown. Four hotel guests have tested positive so far, as Spain’s Health Ministry tested every guest.

With China’s economy humming at less than 50% capacity, the Communist Party has decided to offer another 300 billion yuan (roughly $43 billion) in emergency loans to Chinese companies, particularly the SMEs who are in the most dire need of funding.

• CHINA TO GUIDE ANOTHER 300B YUAN LOW-INTEREST LOANS AMONG AIDS

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Update (0820ET): After several scares, Mexico has finally confirmed its first case of coronavirus, according to Mexico’s deputy health minister.

According to Reuters, the patient recently traveled to Italy and came up positive on the initial test. His case is only the second confirmed in Latin America, outside Brazil. The patient is said to be “not in a serious condition.”

In corporate news, following Facebook, Goldman Sachs and a host of other companies, Kraft Heinz has taken the precautionary step of postponing its March conference in Chicago. The conference was supposed to host 250 of the troubled packaged-food company’s best managers.

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On Wednesday, the coronavirus outbreak reached a new milestone when the number of new cases confirmed in the world ex-China finally surpassed the number being confirmed on the mainland. Two days later, and we’re almost at the point where the number of Thursday new cases confirmed by Iran was roughly half the total coming out of Wuhan.

As of Friday morning, the number of confirmed cases worldwide had passed 83,000, while the number of deaths topped 2,800.

Since yesterday, we we first noted this chart, the number of cases outside China has soared, particularly in South Korea and across Europe, as the number of new cases in mainland China (but outside Wuhan) dropped into the single digits. Vietnam joined the group of countries restricting South Koreans from entry, announcing Friday that it would stop issuing visas for South Koreans, according to CNN.

Of course, China still had nearly two months of lead time over the rest of the world, and it has been home to the bulk of cases so far.

Here’s a rundown of deaths outside mainland China:

Iran: 34
Italy 17
South Korea: 14
Japan: 10 
Hong Kong and France: 2 each
The Philippines and Taiwan: 1 each

A WHO Spokesman said Friday that the coronavirus outbreak is ‘getting bigger’, and that the possibility of it reaching some ‘if not all countries’ is something that we have warned about for a while.

Every Brooklyn hipster who’s been living in blissful ignorance of the pandemic unfolding all around them – dismissing every new warning as ‘racist right-wing alarmism’ – is about to start paying attention: The dog of a coronavirus patient in Hong Kong has been found to carry a “low level” of the deadly virus, according to a statement from the region’s government.

You will find more infographics at Statista

According to the New York Post, researchers tested the dog’s nasal cavities and swabbed its mouth on Wednesday, and soon discovered that a test returned a “weak positive” for the samples.

“At present, the [Agriculture, Fisheries and Conservation Department] does not have evidence that pet animals can be infected with COVID-19 virus or can be a source of infection to people,” Hong Kong’s government said in a press release.

Don’t worry, dog lovers: The animal is being quarantined in a animal shelter holding no other animals. The pooch will remain under quarantine until it tests negative. Fortunately, it doesn’t appear to be showing symptoms.

South Korea has confirmed an additional 571 cases of the novel coronavirus so far on Friday, bringing its total to 2,337, making it the largest outbreak outside of mainland China.

Nigeria, Africa’s most populous country with more than 200 million people, reported the first case in Sub-Saharan Africa late Thursday night (ET). On Friday, Nigerian Health Minister Osagie Ehanire told reporters in Lagos that his government has contacted the airline on which the country’s ‘patient zero’ traveled to try and trace people he came in contact with. Lagos Health Commissioner Akin Abayomi said the patient traveled to Nigeria on Turkish Airlines flight.

“We are not panicking,” Ehanire says. “We are not banning airlines. We have not seen the need. We are also not profiling and stigmatizing.”

Nigerian officials offered some more details about their first case on Friday, according to Al Jazeera.

The first confirmed case was not detected at the airport, allowing them to travel through densely populated Lagos before becoming ill and visiting a hospital, the country’s health minister said.

The Italian man, who authorities said arrived in Nigeria from Milan on the evening of Feb. 24, had no symptoms when their plane landed.

Authorities are now working to “meet and observe” all those who were on the flight with him, and are also identifying all the people he met and places he visited in Lagos, a giant city of 20 million.

Perhaps the most shocking development overnight was the surge of new cases in Germany, confirming the dire warnings of health officials. Europe’s largest economy has now quarantined about 1,000 people and affirmed “about 60” cases of coronavirus across the country.

Mexico’s streak of being the only country in North America to have rebuffed the coronavirus is about to end: The country just reported its first preliminary positive test on Friday morning, according to Bloomberg.

as the number of confirmed cases in Switzerland slowly grows, one of the most important events for the global auto industry, the Geneva International Motor Show, has been canceled now that Swiss authorities have banned major public events.

In Iran, authorities have nearly caught up to a lawmaker’s warning about 50 deaths  in the city of Qom earlier this week: The Islamic Republic reported 143 new cases overnight, raising the countrywide total to 388. It also reported 8 more deaths, bringing the death toll to 34.

“Iran expects an upward trajectory in confirmed coronavirus cases in the next few days,” the health minister said.

Singapore has become the latest country to crack down on the South Korean Christian cult at the center of that country’s outbreak.

Moving over the commonwealth of independent states, Azerbaijan confirmed its first case on Friday, while a second case was confirmed in Georgia. Another case has been confirmed in Thailand after a long period of calm, raising the total to 41.

 

German Bundesbank President Jens Weidmann said on Friday that the central bank’s official forecasts for 2020 growth were probably a little too optimistic, given the supply-side shock rocking Europe’s export powerhouse. Authorities in Germany’s Heinsberg, which is situated near the Dutch border, asked people who came into contact with a married couple with the disease to stay at home. Over in the UK, the first case was reported in Wales, following the first case in Northern Ireland last night. The tally for the four-country kingdom was 19 as of Friday morning in the US.

An update on the hotel in Tenerife where an Italian doctor was diagnosed with the virus and hundreds of guests have been quarantined: The first 9 guests of about 700 who have been isolated since Tuesday have been allowed to leave.

In Italy, cases soared to 650 on Thursday from 400 a day earlier, bringing the European total to more than 700. France has confirmed another 20 cases, according to the Washington Post, while Charles de Gaulle airport is suspected as a source.

Offering a picture of political unity to millions of terrified South Koreans, President Moon Jae-in joined with the leaders of rival parties to speak about the necessity for “bold and swift extraordinary measures,” including some deficit-widening fiscal stimulus, to combat the outbreak and revitalize economy, Yonhap News reported, citing a joint statement from South Korea’s parties. Meanwhile, in Japan, the Northern Island of Hokkaido has declared a “State of Emergency” following an outbreak.

Following the confirmation of the 60th case on US soil, the New York Times blasted the White House Task Force on Thursday for reportedly requiring that all statements and public appearances be coordinated through the office of the VP, a move that the NYT fretted might ‘rob’ Americans of sober, scientific advice. We suspect this isn’t really that major of a violation of norms (otherwise, what’s the point of having someone like Pence in charge of coordinating everything), and the NYT is joining its Democratic partners in slinging mud at the Trump Administration.

As if that weren’t enough, the NYT quickly pivoted to bashing Pence for selecting a trained scientist as the White House’s coronavirus response coordinator, a position that will report to him. The NYT blasted Pence, saying the appointment confused the public about who will be speaking for the administration.

Last night, President Trump bashed the press coverage of the outbreak in the US during an event celebrating Black History Month at the White House.

“15 people is almost, I would say, a miracle,” Trump bragged.

While PM Shinzo Abe tries to quell speculation about the possible cancellation of the Olympics, Japanese Foreign Minister Toshimitsu Motegi and top Chinese diplomat Yang Jiechi said Friday that President Xi Jinping’s scheduled visit to Tokyo would go ahead as planned.

Heading into the weekend, stock futures in the US are in the red once again as virtually nobody seems to want to be caught holding risk moving into the weekend.

Dear reader, if you’re wondering why global equities are once again in the red on Friday, CNBC’s Eunice Yoon has got you covered:

Why are stock markets jittery? Because investors worry global business will look like this: Beijing tonight. More people out than in past weeks but still so quiet esp. on a Friday night #coronavirus fears. Overhead screen blasts message to hearten public: 中国加油 or “Go, China!” pic.twitter.com/eepBXoosAQ

— Eunice Yoon (@onlyyoontv) February 28, 2020

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What a relief to see China getting back to work!