By Kim Khan
Investing.com - Wall Street plunged into the red in early trading Monday as a spike in the number of Covid-19 virus cases confirmed outside of China pushed money out of riskier investments.
https://www.ft.com/content/a2cffe29-a3f4-35bf-9424-6dee1883d79d
The WHO says coronavirus is not yet a pandemic. Director general Dr Tedros Adhanom Ghebreyesus told a teleconference in Geneva: For the moment, we are not witnessing the uncontained global spread of this coronavirus, and we are not witnessing large-scale severe disease or death. Does this virus have pandemic potential? Absolutely. Are we there yet? From our assessment not yet. He added: What we see are epidemics in different parts of the world, affecting countries in different ways and requiring a tailored response. The sudden increase in new Covid-19 cases is certainly very concerning. I have spoken consistently about the need for facts, not fear. Using the word pandemic now does not fit the facts, but it may certainly cause fear. Dr Tedros continued: We do not live in a binary, black-and-white world. It’s not either-or. We must focus on containment, while doing everything we can to prepare for a potential pandemic.
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