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Coronavirus live updates: Fed cuts interest rates, COVID-19 almost a global pandemic – CNBC

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A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020.

Andrew Kelly | Reuters

This is a live blog. Please check back for updates.

All times below are in Eastern time.

  • Global cases: At least 91,300, according to data compiled by Johns Hopkins University.
  • Global deaths: At least 3,110, according to data compiled by Johns Hopkins University.
  • US cases: At least 91, according to the CDC. 
  • US deaths: At least 6, according to the CDC and state health officials.

11 am: Shoppers are loading up supplies online

Late Monday, Instacart said its growth rate over the past 72 hours surged 10 times its normal pace. In California, Washington, Oregon and New York, the growth is even faster, 20 times the normal volume. Searches for hand sanitizer are up 23% week over week, Instacart said. Vitamins are the second most searched item and those searches have risen 12% week over week. Rounding out the top five most searched items are powdered milk, face masks and canned goods. —Reagan

10:33 am: Top CDC official tells Congress coronavirus almost qualifies as a global pandemic

The World Health Organization will likely deem the COVID-19 coronavirus a global pandemic once sustained person-to-person spread takes hold outside China, a Centers for Disease Control and Prevention official said. The current outbreak already meets two of the three main criteria under the technical designation of a pandemic, Dr. Anne Schuchat, principal deputy director of the CDC, said in prepared remarks to be presented before the Senate Committee on Health, Education, Labor, and Pensions. “It is a new virus, and it is capable of person-to-person spread,” she said. “If sustained person-to-person spread in the community takes hold outside China, this will increase the likelihood that the WHO will deem it a global pandemic.” —Lovelace

South Korean soldiers wearing protective gear walk on a street in front of the city hall after the rapid rise in confirmed cases of the novel coronavirus disease of (COVID-19) in Daegu, southeast of the capital Seoul, South Korea, March 2, 2020.

Kim Kyung-Hoon | Reuters

10:10 am: Stocks surge after the Fed cuts rates by half a point

The Federal Reserve cut interest rates by half a percentage point, immediately reversing a more than 300-point drop in the Dow Jones Industrial Average. The Dow swung to a 371-point gain in intraday trading. Markets had priced in a 0.5% rate cut for the central bank’s meeting next month. The move comes after the G-7 said in a statement earlier on Tuesday they will use policy tools to curb an economic slowdown. However, the statement contained no specific actions. —Kopecki, Imbert

10:01 am: Apple iPhone chip supplier lowers guidance

Qorvo, a radio frequency chip supplier for Apple’s iPhones, lowered its fourth-quarter revenue expectations to $770 million. The company predicted revenue of $800 million to $840 million on Jan. 29. “The novel coronavirus (COVID-19) has impacted the smartphone supply chain and customer demand more than anticipated,” Qorvo said. “The full impact of COVID-19 remains difficult to forecast given the uncertainty of the magnitude, duration and geographic reach of the outbreak,” according to a press release. — Bursztynsky

9:52 am: WHO officials hold press conference

World Health Organization officials are holding a press conference at 10:30 a.m. ET to update the public on the coronavirus outbreak, which has infected more that 91,300 people and killed at least 3,110 across the world. WHO official announced Monday that number of new coronavrius cases outside China was almost 9 times higher than that inside the country over the last 24 hours. They  of the coronavirus Friday to “very high” at the global level, its highest warning. In January, it declared the virus a global health emergency, while urging the public against over-reacting to the virus. Watch the live press conference here—Higgins-Dunn

9:24 am: New York state confirms second case

A man north of New York City is hospitalized with the COVID-19 virus, the second confirmed case in the state, Gov. Andrew Cuomo said.  Cuomo told Long Island radio station 103.9 that the unidentified man from Westchester County commuted to work in Manhattan and lives in a home with school-age children.
Cuomo said the man apparently had an underlying respiratory illness and no known travel history to China or other countries on the virus watch list.  The governor said more cases are expected as the outbreak spreads and testing ramps up. “You cannot contain the spread. You can slow it, you can limit it, but you cannot contain the spread,” Cuomo told reporters at a press conference. “It is inevitable that it will continue to spread.”  –Associated Press

9 am: New York City -area high schools close after suspected local case

At least two New York area high schools closed after a suspected case of the COVID-19 coronavirus in the local community. SAR Academy and SAR High School said in a statement that it was a precautionary measure, following guidelines from the New York City Department of Health. The school is located in the Bronx neighborhood of Riverdale, according to its website. It’s a modern orthodox Jewish High School, according to its Facebook page. Another Jewish school outside New York City, Westchester Day School, also announced it would be closed Tuesday due to the potential case at SAR. Westchester Torah Academy was also reportedly closing.  —Lovelace, Higgins-Dunn

8:48 am: Vietnam hand wash dance challenge goes viral

A public service announcement on proper hand hygiene in Vietnam has become an internet sensation after a video was posted on TikTok of two dancers enacting the lyrics of the song. “The song’s incredible,” comedian John Oliver said on Monday night’s episode of “Last Week Tonight with John Oliver,” adding that “Sesame Street” character Ernie’s “Rubber Duckie” song on bath hygiene pales by comparison. The lyrics to the song for the Vietnam coronavirus dance challenge are: “Wash our hands, rub, rub, rub, rub evenly. Do not touch eyes, nose, mouth. And limit visits to crowded places. Push back the virus Corona, Corona,” according to the show’s translation of the song. —Kopecki

8:05 am: Japan indicates Olympics could be delayed

Japan’s Olympics minister says the country’s contract to hold the Tokyo Games only specifies the event has to be held during 2020. Seiko Hashimoto’s response to a question in the upper house of parliament implies the Olympics could be held later in the year and would not have to start on July 24 as planned. —Associated Press

7:52 am: Visa warns of revenue hit due to outbreak

Visa warned that its second-quarter revenue growth would be slower than its previous forecast, becoming the latest payments services provider to be affected by the coronavirus outbreak. The company said it expects current-quarter revenue growth to be 2.5 to 3.5 percentage points lower than its previous forecast of low double-digit growth when compared with the first quarter. —Reuters

7:37 am: G-7 countries promise to use policy tools but offer no specific actions to combat coronavirus

Officials of most of the world’s largest economies pledged on Tuesday a united front in the battle against the novel coronavirus scare but offered no specific actions. “Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks,” the G-7 statement said. —Cox

7:23 am: Trump asks Fed for ‘big cut’ after Australia slashes rates on virus impact

President Donald Trump speaks during a news conference on the coronavirus outbreak at the White House in Washington, February 29, 2020.

Joshua Roberts | Reuters

7:17 am: Head of Iran’s emergency medical services reportedly infected

The head of Iran’s emergency medical services, Pirhossein Kolivand, has been infected with coronavirus, the ILNA news agency reported. Kolivand’s “health is good and there is no need for concern,” the office said in a statement, according to ILNA. Seventy-seven people in Iran have died from coronavirus and 2,336 have been infected, Iran’s Health Ministry announced Tuesday. —Reuters

7:08 am: FDA and CDC boost supply of masks for health-care professionals

The Food and Drug Administration and Centers for Disease Control and Prevention broadened the types of masks health-care workers can use to include “industrial” masks amid reports of a nationwide shortage and price gouging. The FDA granted the CDC’s request for an emergency use authorization to allow health providers use masks that previously were only approved for industrial settings. The move broadens the category of masks that doctors and nurses are approved to use in a health-care setting. “The FDA and CDC’s action to allow a wider range of respirators to be used in health-care settings will help those on the front lines of this outbreak and their patients, which will keep all Americans safe,” HHS Secretary Alex Azar said. “We will continue pursuing every possible avenue to secure the protective gear needed for responding to the COVID-19 outbreak.” —Feuer

5:46 am: UK government publishes ‘battle plan’ to tackle spread of coronavirus

Britain’s government unveiled its plans to tackle the spread of the virus, warning that up to a fifth of the workforce could be off sick during a peak period. “Given that the data are still emerging, we are uncertain of the impact of an outbreak on business. In a stretching scenario, it is possible that up to one fifth of employees may be absent from work during peak weeks. This may vary for individual businesses,” the government said. Prime Minister Boris Johnson said that in the worst possible scenario, the army is ready to step in. Johnson warned on Monday that there could be a “very significant expansion” of the outbreak among the population. Currently, there are 39 cases of the virus in the U.K. —Ellyatt

4:38 am: Bank of England governor says its role is to help UK through ‘an economic shock’

4:01 am: Germany’s number of coronavirus cases rises

The number of confirmed cases rose in Germany to 188, up from 157 on Monday afternoon, according to the country’s RKI health institute. Germany’s Health Minister Jens Spahn warned last week of a potential epidemic in the country. —Ellyatt

4 am: Beijing, Shanghai step up restrictions on travelers from overseas

Two of China’s largest cities and the province of Guangdong that borders Hong Kong and Macau announced that visitors from countries severely hit by the new coronavirus must quarantine themselves for 14 days upon arrival. These countries include South Korea, Italy and Japan. The requirement applies to Chinese and non-Chinese residents. Previously, travelers who had not been in mainland China prior to arrival in Beijing did not have to self-quarantine. —Cheng

Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through the year 2032.

Read CNBC’s coverage from the Asia-Pacific overnight: UK warns fifth of workforce could be off sick; army prepared

— CNBC’s Courtney ReaganJessica BursztynskyJeff CoxHolly EllyattWeizhen Tan and Yen Nee Lee contributed to this report. 

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Women in states with bans are getting abortions at similar rates as under Roe, report says

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Women living in states with abortion bans obtained the procedure in the second half of 2023 at about the same rate as before the U.S. Supreme Court overturned Roe v. Wade, according to a report released Tuesday.

Women did so by traveling out of state or by having prescription abortion pills mailed to them, according to the #WeCount report from the Society of Family Planning, which advocates for abortion access. They increasingly used telehealth, the report found, as medical providers in states with laws intended to protection them from prosecution in other states used online appointments to prescribe abortion pills.

“The abortion bans are not eliminating the need for abortion,” said Ushma Upadhyay, a University of California, San Francisco public health social scientist and a co-chair of the #WeCount survey. “People are jumping over these hurdles because they have to.”

Abortion patterns have shifted

The #WeCount report began surveying abortion providers across the country monthly just before Roe was overturned, creating a snapshot of abortion trends. In some states, a portion of the data is estimated. The effort makes data public with less than a six-month lag, giving a picture of trends far faster than the U.S. Centers for Disease Control and Prevention, whose most recent annual report covers abortion in 2021.

The report has chronicled quick shifts since the Supreme Court’s Dobbs v. Jackson Women’s Health Organization ruling that ended the national right to abortion and opened the door to enforcement of state bans.

The number of abortions in states with bans at all stages of pregnancy fell to near zero. It also plummeted in states where bans kick in around six weeks of pregnancy, which is before many women know they’re pregnant.

But the nationwide total has been about the same or above the level from before the ruling. The study estimates 99,000 abortions occurred each month in the first half of 2024, up from the 81,000 monthly from April through December 2022 and 88,000 in 2023.

One reason is telehealth, which got a boost when some Democratic-controlled states last year began implementing laws to protect prescribers. In April 2022, about 1 in 25 abortions were from pills prescribed via telehealth, the report found. In June 2024, it was 1 in 5.

The newest report is the first time #WeCount has broken down state-by-state numbers for abortion pill prescriptions. About half the telehealth abortion pill prescriptions now go to patients in states with abortion bans or restrictions on telehealth abortion prescriptions.

In the second half of last year, the pills were sent to about 2,800 women each month in Texas, more than 1,500 in Mississippi and nearly 800 in Missouri, for instance.

Travel is still the main means of access for women in states with bans

Data from another group, the Guttmacher Institute, shows that women in states with bans still rely mostly on travel to get abortions.

By combining results of the two surveys and comparing them with Guttmacher’s counts of in-person abortions from 2020, #WeCount found women in states with bans throughout pregnancy were getting abortions in similar numbers as they were in 2020. The numbers do not account for pills obtained from outside the medical system in the earlier period, when those prescriptions most often came from abroad. They also do not tally people who received pills but did not use them.

West Virginia women, for example, obtained nearly 220 abortions monthly in the second half of 2023, mostly by traveling — more than in 2020, when they received about 140 a month. For Louisiana residents, the monthly abortion numbers were about the same, with just under 700 from July through December 2023, mostly through shield laws, and 635 in 2020. However, Oklahoma residents obtained fewer abortions in 2023, with the monthly number falling to under 470 from about 690 in 2020.

Telehealth providers emerged quickly

One of the major providers of the telehealth pills is the Massachusetts Abortion Access Project. Cofounder Angel Foster said the group prescribed to about 500 patients a month, mostly in states with bans, from its September 2023 launch through last month.

The group charged $250 per person while allowing people to pay less if they couldn’t afford that. Starting this month, with the help of grant funding that pays operating costs, it’s trying a different approach: Setting the price at $5 but letting patients know they’d appreciate more for those who can pay it. Foster said the group is on track to provide 1,500 to 2,000 abortions monthly with the new model.

Foster called the Supreme Court’s 2020 decision “a human rights and social justice catastrophe” while also saying that “there’s an irony in what’s happened in the post-Dobbs landscape.”

“In some places abortion care is more accessible and affordable than it was,” she said.

There have no major legal challenges of shield laws so far, but abortion opponents have tried to get one of the main pills removed from the market. Earlier this year, the U.S. Supreme Court unanimously preserved access to the drug, mifepristone, while finding that a group of anti-abortion doctors and organizations did not have the legal right to challenge the 2000 federal approval of the drug.

This month, three states asked a judge for permission to file a lawsuit aimed at rolling back federal decisions that allowed easier access to the pill — including through telehealth.

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How many smoke-related deaths from wildfires are linked to climate change every year?

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Climate change may be contributing to thousands more wildfire smoke-related deaths every year than in previous decades, a new study suggests — results a Canadian co-author says underline the urgency of reducing planet-warming emissions.

The international study published Monday is one of the most rigorous yet in determining just how much climate change can be linked to wildfire smoke deaths around the world, said Sian Kou-Giesbrecht, an assistant professor at Dalhousie University.

“What stands out to me is that this proportion is increasing just so much. I think that it really kind of attests to just how much we need to take targeted action to reducing greenhouse-gas emissions,” she said in an interview.

The study estimates, using mathematical modeling, that about 12,566 annual wildfire smoke-related deaths in the 2010s were linked to climate change, up from about 669 in the 1960s, when far less carbon dioxide was concentrated in the atmosphere.

Translated to a proportion of wildfire smoke mortality overall, the study estimates about 13 per cent of estimated excessdeaths in the 2010s were linked to climate change, compared to about 1.2 per cent in the 1960s.

“Adapting to the critical health impacts of fires is required,” read the study, published in the peer-reviewed journal Nature Climate Change.

While wildfires are a natural part of the boreal forest ecosystem, a growing number of studies have documented how climate change, driven by the burning of fossil fuels, is making them larger and more intense — and contributing more to air pollution.

The same research group is behind another study published in the same journal Monday that suggests climate change increased the global area burned by wildfire by about 16 per cent from 2003 to 2019.

Those climate-fuelled fires then churn out more fine particle pollution, known as PM2.5, that’s tiny enough to get deep into the lungs — and in the long run can have serious health effects.

The study that estimated the scale of those effects is based on modeling, not historical data about reported deaths from air pollution.

Researchers used established public-health metrics for when pollution is thought to contribute to mortality, then figured out the extent to which wildfire smoke may have played a role in that overall exposure to arrive at the estimates.

Meanwhile, Health Canada estimates that between 2013 and 2018, up to 240 Canadians died every year due to short-term exposure to wildfire air pollution.

Kou-Giesbrecht said Monday’s study did not find that climate change had a major influence on the number of smoke-related deaths from Canada’s boreal wildfires.

She suggested that’s likely due to the country’s relatively small population size, and how tricky it is to model forest fires in the region, given its unique mix of shrubs and peat.

But she also noted that a stretch of devastating Canadian wildfire seasons over the past several years was not captured in the study, and she expects future research could find a bigger increase in deaths and public-health problems linked to climate change.

The most affected regions in the study were South America, Australia and Europe.

Kou-Giesbrecht said the more studies that uncover the link between climate change and disasters as “tangible” as wildfires, the more the case for “drastic climate action” will be bolstered.

“I think that the more and more evidence that we have to support the role of climate change in shaping the past 100 years, and knowing that it will continue to shape the next 100 years, is really important,” she said.

“And I find that personally interesting, albeit scary.”

The study used three highly complex models to estimate the relationship between climate change, land use and fire.

The models, which each contain thousands upon thousands of equations, compare what wildfires look like in the current climate to what they may have looked like in pre-industrial times, before humans started to burn vast amounts of fossil fuels.

The researchers used the models to calculate gas and aerosol emissions from wildfires between 1960 and 2019, and then make estimates about annual smoke-related deaths.

The type of methodology used by Monday’s studies, known as attribution science, is considered one of the fastest-growing fields of climate science. It is bolstered in part by major strides in computing power.

This report by The Canadian Press was first published Oct. 21, 2024.

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Some Ontario docs now offering RSV shot to infants with Quebec rollout set for Nov.

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Some Ontario doctors have started offering a free shot that can protect babies from respiratory syncytial virus while Quebec will begin its immunization program next month.

The new shot called Nirsevimab gives babies antibodies that provide passive immunity to RSV, a major cause of serious lower respiratory tract infections for infants and seniors, which can cause bronchiolitis or pneumonia.

Ontario’s ministry of health says the shot is already available at some doctor’s offices in Ontario with the province’s remaining supply set to arrive by the end of the month.

Quebec will begin administering the shots on Nov. 4 to babies born in hospitals and delivery centers.

Parents in Quebec with babies under six months or those who are older but more vulnerable to infection can also book immunization appointments online.

The injection will be available in Nunavut and Yukon this fall and winter, though administration start dates have not yet been announced.

This report by The Canadian Press was first published Oct. 21, 2024.

-With files from Nicole Ireland

Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.

The Canadian Press. All rights reserved.

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