Four Australian cases of coronavirus confirmed, millions in lockdown in China as death toll hits 41

Three cases of the deadly coronavirus have been confirmed in New South Wales, bringing the total nationwide to four.

NSW Health confirmed three men – aged 43, 45 and 53 – are being treated in Westmead Hospital in Sydney and are in isolation.

Victorian Health Minister Jenny Mikakos said that a case of the respiratory condition had been confirmed in a man who last week returned from China, where the city of Wuhan is considered the epicentre of the virus.

The man was in Australia for six days before being diagnosed.

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The news comes as the death toll from the virus rises to 41 in China, where more than 1200 cases have been reported. Millions are in lockdown in China, with roads and schools closed and public transport cancelled. Many Chinese New Year celebrations have been called off.

One doctor is believed among the dead there.

In Australia, NSW Health Minister Brad Hazzard said 18 people across the state have now been assessed for the virus after samples were sent to a “world-leading” laboratory in Victoria, with 12 patients being “excluded” and three being confirmed on Saturday.

“I’d like to thank each of these three people because they have been exemplary in the way that they presented themselves (to health services),” Hazzard told reporters tonight.

All three men arrived on flights from China – one on January 6, one on January 19 and the other is being checked by authorities.

The Victorian case was the first confirmed case in Australia of “about a dozen” being investigated nationwide, an estimate put forward by Queensland’s Chief Health Officer Dr Jeannette Young on Saturday.

“It’s an evolving number,” she told reporters at a press conference on Saturday afternoon.

“We will be treating them as if they’re confirmed cases,

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Four Australian cases of coronavirus confirmed, millions in lockdown in China as death toll hits 41

Three cases of the deadly coronavirus have been confirmed in New South Wales, bringing the total nationwide to four.

NSW Health confirmed three men – aged 43, 45 and 53 – are being treated in Westmead Hospital in Sydney and are in isolation.

Victorian Health Minister Jenny Mikakos said that a case of the respiratory condition had been confirmed in a man who last week returned from China, where the city of Wuhan is considered the epicentre of the virus.

The man was in Australia for six days before being diagnosed.

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The news comes as the death toll from the virus rises to 41 in China, where more than 1200 cases have been reported. Millions are in lockdown in China, with roads and schools closed and public transport cancelled. Many Chinese New Year celebrations have been called off.

One doctor is believed among the dead there.

In Australia, NSW Health Minister Brad Hazzard said 18 people across the state have now been assessed for the virus after samples were sent to a “world-leading” laboratory in Victoria, with 12 patients being “excluded” and three being confirmed on Saturday.

“I’d like to thank each of these three people because they have been exemplary in the way that they presented themselves (to health services),” Hazzard told reporters tonight.

All three men arrived on flights from China – one on January 6, one on January 19 and the other is being checked by authorities.

The Victorian case was the first confirmed case in Australia of “about a dozen” being investigated nationwide, an estimate put forward by Queensland’s Chief Health Officer Dr Jeannette Young on Saturday.

“It’s an evolving number,” she told reporters at a press conference on Saturday afternoon.

“We will be treating them as if they’re confirmed cases,

Read More Here...

How the coronavirus could sicken stocks — plus other top investing tips

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— Jonathan Burton

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How the coronavirus could sicken stocks — plus other top investing tips

Don’t miss these top money and investing features:

Money and investing stories getting attention from MarketWatch readers include reports on how the coronavirus outbreak in China could affect stock prices, how the U.S. stock market performs following a strong first month of the year, the Dow Jones Industrial Average’s faces a stiff test, and why investing in companies promoting environmental sustainablility is good for the planet and your portfolio.

— Jonathan Burton

INVESTING NEWS & TRENDS January gains point to strong 2020 for stocks — but don’t get too excited

If you follow stock market patterns, make sure they pass the test, writes Mark Hulbert.
January gains point to strong 2020 for stocks — but don’t get too excited

Why the coronavirus outbreak could trigger a stock-market pullback

Bullish sentiment extremes, overbought conditions leave equity markets vulnerable: analysts
Why the coronavirus outbreak could trigger a stock-market pullback

How the stock market has performed during past viral outbreaks

Wall Street investors may have little to fear.
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Here’s what the Super Bowl ‘Predictor’ sees for stocks in 2020, depending on whether the 49ers or the Chiefs win

Basing investment decisions on a football game is a good way to get sacked, writes Mark Hulbert.
Here’s what the Super Bowl ‘Predictor’ sees for stocks in 2020, depending on whether the 49ers or the Chiefs win

Legendary investor Paul Tudor Jones says market today is like early ’99, driven by ‘insane monetary policy’

He predicts the market will experience a ‘blow-off top’
Legendary investor Paul Tudor Jones says market today is like early ’99, driven by ‘insane monetary policy’

Some big coal players may escape BlackRock’s planned divestment

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With at least 41 dead in mainland China, Hong Kong leader declares coronavirus outbreak an emergency, orders schools closed

BEIJING/BENGALURU, INDIA – Hong Kong has declared the outbreak of a new virus an emergency and will close primary and secondary schools for two more weeks after the Lunar New Year holiday. Chief Executive Carrie Lam also announced Saturday that trains and flights from the city of Wuhan will be blocked.

The outbreak began in Wuhan, in central China’s Hubei province, and has spread to other parts of the country and overseas as people travel for the holiday.

Hong Kong has confirmed five cases of the new illness. Most schools are closed for the holidays next week, and Lam said they will not re-open until Feb. 17.

The local South China Morning Post newspaper reported that a marathon in Hong Kong that was expected to draw 70,000 participants on Feb. 9 has been canceled.

President Xi Jinping, saying the country is facing a grave situation, convened a Politburo meeting on measures to fight the outbreak, state television reported Saturday.

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The country is facing a “grave situation” where the coronavirus is “accelerating its spread,” Xi told the meeting, which took place on the Lunar New Year public holiday.

The TV report said resources and experts will be concentrated at designated hospitals for treatment of severe cases, with no treatment delayed due to cost, and supplies of materials to Hubei province and its capital, Wuhan, to be guaranteed.

Information disclosure on the virus outbreak must be accurate, prompt and transparent, CCTV said.

Virus-hit Wuhan, already on lockdown, will ban most vehicles — including private cars — from the downtown area in a further bid to limit the spread of a new disease that has infected more than 1,000 people and killed 41.

State media said Saturday that only authorized vehicles to carry supplies and for other needs would

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Global stocks mixed as markets weigh virus impact

European stocks rallied on Friday while Wall Street equities tumbled as markets weighed the potential impact of a spreading viral illness in China.

Chinese authorities expanded a massive quarantine effort in response to coronavirus, while the US confirmed its second case of the SARS-like ailment.

French officials said there had also been two cases found in France, the first in Europe, while Nepal reported South Asia’s first case.

European bourses, which had dropped on Thursday, finished solidly higher on Friday in the first session since the WHO stopped short of declaring a public health emergency.

“There’s a hope that the coronavirus is contained, particularly in China,” Interactive Investor analyst Richard Hunter said. “And that’s something of a relief rally — [and] also with the earning season so far so good.

“So the last few days provided an opportunity to investors to buy on the cheaper side,” Hunter added.

The STOXX 600 index rising 0.86 percent, after some encouraging regional economic data.

A survey showed Germany’s private sector gained momentum this month as growth in services activity picked up and the pullback in manufacturing eased. British companies are enjoying their best month in more than a year, another survey showed.

“Sentiment among manufacturers is improving rapidly, meaning that expectations for a 2020 recovery are increasing,” ING Group NV economist Bert Colijn said of the eurozone.

US stocks had also opened higher but fell steadily as the session progressed. The Dow Jones Industrial Average fell 170.36 points, or 0.58 percent, to 28,989.73, the S&P 500 lost 30.07 points, or 0.90 percent, to 3,295.47 and the NASDAQ Composite dropped 87.57 points, or 0.93 percent, to 9,314.91.

The NASDAQ touched an intraday record high early in the session before falling.

Losses on the major US indices were limited by an 8.1 percent gain in

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US stocks down – 24-01-20

NEW YORK, JANUARY 25, ARMENPRESS. USA main indexes values for 24 January:“Armenpress” reports the value of Dow Jones down by 0.58% to 28989.73 points, S&P 500 down by 0.90% to 3295.47 points, Nasdaq down by 0.93% to 9314.91 points.The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It measures the daily stock price movements of 30 large, publicly-owned U.S. companies.S&P 500 measures the performance of 500 widely held common stocks of large-cap U.S. companies.NASDAQ measures a number of indices reflecting the reaction of USA’s high tech markets and business environments on the country’s political and economic developments which have an impact on high tech markets.

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European Stocks – 24-01-20

MOSCOW, JANUARY 25, ARMENPRESS. European main indexes values for 24 January:“Armenpress” reports the value of German DAX up by 1.41% to 13576.68 points, French CAC 40 up by 0.88% to 6024.26 points, British FTSE up by 1.04% to 7585.98 points, and Russian RTSI up by 0.23% to 1599.82 points.The German Stock Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange. The equities use free float shares in the index calculation. The DAX has a base value of 1,000 as of December 31, 1987. As of June 18, 1999 only XETRA equity prices are used to calculate all DAX indices.The CAC 40 (Cotation Assistée en Continu) is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Euronext Paris (formerly the Paris Bourse).The FTSE UK Index Series is designed to represent the performance of UK companies, providing market participants with a comprehensive and complementary set of indices that measure the performance of all capital and industry segments of the UK equity market.RTS Index is cap-weighted composite index calculated based on prices of the 50 most liquid Russian stocks of the largest and dynamically developing Russian issuers presented on the Moscow Exchange. RTS Index was launched on September 1, 1995 at base value 100. The Index is calculated in real time by Moscow Exchange in US dollars and disseminated by the S&P Dow Jones Indices.

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Uber drivers in California can now set their own fares — why that could be bad news for them and good news for customers

For the first time, Uber UBER, -1.60%  is allowing drivers to have control over the fares they charge riders. But given the fierce competition across ride-hailing apps, industry experts say this could lead to a price-cutting battle between drivers vying for riders.

Uber said on Tuesday it is testing the feature at three California airports — Santa Barbara, Sacramento and Palm Springs. Drivers can charge more than the base fare Uber would otherwise charge riders, but only in multiples of 1.0 to 5 and in increments of 0.1.

Drivers will be allowed to set fares lower than the base fare starting next week.

“I don’t see anyone raising rates and getting rides,” said Jay Cradeur, founder of the Rideshare Dojo site and a driver for ride-hailing companies, including Uber and Lyft LYFT, -0.10%  , in the Bay Area . “Even if there’s a price surge most drivers are going to go low because they know they’ll get more rides.”

Uber’s announcement comes after California enacted legislation in September aimed at reclassifying independent contractors, or “gig workers” such as drivers for Uber and Lyft, as employees.

Related: Uber drops upfront pricing for most California riders in response to new gig-worker law

Uber, Lyft and DoorDash have each pledged $30 million to push for a ballot initiative to fight back against the new law, known as Assembly Bill 5 (AB5), which could force them to offer drivers legal protections and minimum wage.

“There’s potential for drivers to earn more, but the matching algorithm will match riders with drivers that are offering the lowest fares,” Harry Campbell, founder of The Rideshare Guy site and a former Uber and Lyft driver, told MarketWatch.

“Drivers are worried that the ability to set prices lower might lead to undercutting and drivers driving the price too low

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My mother’s boyfriend, 75, made sexual comments to my 11-year-old daughter. My mom says that’s just the way men are — what should I do?

Dear Moneyist,

I live with my 65-year-old widowed mother and my two adolescent daughters, who are 11 and 13 years old. My father gave me half of the ownership of the house when he died. My mom is dating a 75-year-old man who lives nearby at a retirement home. 

My youngest daughter told me that mom’s boyfriend had made repeated sexual comments to them. She said he has never touched them. I told my mom that he is banned from coming over at the house. She dismissed me as hysterical and said that’s just the way men are.

Also see: I discovered through Ancestry.com that my biological father is someone else — can I claim an inheritance as his heir?

She continues to invite him over. My daughters are so creeped out by his behavior that they often leave when he is around. If I buy her out, she would be homeless or stuck in a retirement home. If I leave, my daughters would lose out on the great public schools and neighborhood. 

What should I do?       

A Mother Feeling Trapped

Dear Mother,

If your mother is old enough to have a boyfriend and invite him over to the house, raise a child and bury a husband, she is old enough to know the difference between right and wrong. I’m sorry you have to deal with this, and I’m sorry that these were the values you were raised with. Parents teach their children how to behave and act by word and deed. It’s an awesome responsibility.

You gave me two options. Door No. 1: buy her out. Door No. 2: find a new place to live. Whether you realize it or not, you have chosen Door No. 3. There is no new home for you and your daughters

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