US companies suspend China operations, restrict travel as coronavirus outbreak becomes global crisis

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Over 75,000 people in Wuhan may be infected with coronavirus.” If they are admitting to that, it’s more likely five times that number.

US companies suspend China operations, restrict travel as coronavirus outbreak becomes global crisis

By: William Feuer, CNBC, Feb 1 2020:

Key Points
  • Disney, Tesla, airlines and other global companies with significant footprints in China are suspending operations as they respond to the outbreak of the coronavirus.
  • The WHO has recommended against “measures that unnecessarily interfere with international trade or travel.”
  • As the virus continues to spread, and institutions respond, it threatens to disrupt sectors from travel and retail to tech.

Staff members, wearing protective suits, watch as a plane carrying 32 Mongolian citizens for their evacuation from the Chinese city of Wuhan arrives in Ulaanbaatar, the capital of Mongolia on February 1, 2020.

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Disney, Tesla, countless airlines and other global companies with significant footprints in China are suspending operations, temporarily shutting factories and instituting travel restrictions as they grapple with the coronavirus outbreak that’s derailed commerce in China and sent global markets spinning.

Infections from the virus skyrocketed this week, topping 11,000 as of Friday and surpassing the total number of infections from the nine-month SARS outbreak in less than a month. The World Health Organization formally declared the pneumonia-like virus a global health emergency on Thursday, citing concern that the outbreak continues to spread to other countries with weaker health systems. U.S. officials followed suit on Friday, imposing mandatory quarantines on U.S. citizens who have recently traveled to the Hubei province, the epicenter of the outbreak.

Local governments in China have extended mandatory factory shutdowns for the Lunar New Year from Jan. 31 to Feb. 9, impacting U.S. companies from Walmart to Tesla. Analysts are beginning to sour on companies with exposure to China, pressuring some stocks. A slew of companies this week warned investors that as the impact of the virus continues to spread, and institutions respond, it threatens to disrupt sectors from travel and retail to technology that look to the Chinese market for consumer demand or cheaper manufacturing in China.

Most of the economic cost of the outbreak “is not related to the virus,” said CEO of the World Travel and Tourism Council Gloria Guevara, who was the tourism minister for Mexico during the H1N1 outbreak. “It’s related to the panic,” and it can take between ten months and 19 months for tourism and spending in an area to fully recover from a local outbreak.

Most of the consequences of an outbreak like this are caused by mismanagement, lack of communication and panicked responses, Guevara said. She pointed to the SARS outbreak of 2003 as one example, saying it cost the global economy between $40 billion and $60 billion and cost China 2.8 million jobs.

“The management of the crisis is crucial. They need to be proactive and transparent. They need to work closely with the private sector and we need to not panic,” she said of international health officials. “They need to contain the spread of the virus and we fully support that, but at the same time we need to take the necessary measurements to protect the sector.”

Each company is responding to the situation in its own way: suspending operations, restricting employee travel, canceling holiday celebrations and more. Here’s how some companies have responded so far:

Airlines

Delta airplanes sit on the tarmac at John F. Kennedy Airport (JFK) on January 31, 2020 in New York City.

The airlines sector is feeling the immediate impact of the coronavirus. Demand for travel to China has plummeted as the virus spreads. Many airlines reduced service to China earlier in the week, but after the State Department placed a “Do Not Travel” warning on China Thursday, airlines began to cut service entirely to China.

  • Air Canada said Wednesday it is suspending all flights to Beijing and Shanghai from Jan. 30 to Feb. 29.
  • British Airways, KLM Airlines, Cathay Pacific, Finnair, Turkish Airlines, Air France, Air Seoul, EgyptAir, Lion Air, Austrian Airlines, Kenya Airways, Vietjet and Lufthansa have also reduced or totally cut service to China.
The Truth Must be Told

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Halal Bacon
Halal Bacon
4 years ago

why isn’t shitslam declared a global emergency? it has killed more people than all the plagues in history

DemocracyRules
DemocracyRules
4 years ago
Reply to  Halal Bacon

Trouble Ahead: The Wuhan virus can also spread through feces.
https://www.theepochtimes.com/live-updates-on-coronavirus-outbreak-australias-qantas-airlines-suspends-flights-to-china-as-country-confirms-10th-case_3223728.html
The Wuhan virus is found in the intestinal tract, and it can spread though feces. The SARS virus was also found in the intestinal tract.
“[The Wuhan virus] is not only excreted in your respiratory secretions, it’s also secreted in your stool,” Scott Lindquist, the state epidemiologist for infectious disease at Washington State’s Department of Health, said on Friday, Jan 31.
In the Huanan Seafood Wholesale Market, where many Wuhan virus patients were infected, cleanliness was poor, and fecal matter was present.
https://www.nejm.org/doi/full/10.1056/NEJMoa2001316#.XjIZLaUBk_E.twitter
Some Wuhan virus patients have diarrhea and/or vomiting.
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)30211-7/fulltext
World-wide, the fecal-oral route is a very common way that diseases are spread in urban areas.

felix1999
felix1999
4 years ago
Reply to  Halal Bacon

It’s not as bad as SARS so far.

felix1999
felix1999
4 years ago

China’s reaction –
(And the EU and possibly the UK is going for China’s 5G technology!)

China slams Trump’s coronavirus travel limits:
‘Not a gesture of goodwill’

By Joe McDonald, Sam McNeil | Associated Press 2/1/20

Trump administration declares public health emergency over coronavirus outbreak, restricts US entry.

BEIJING — China’s death toll from a new virus rose to 259 on Saturday and a World Health Organization official said other governments need to prepare for“domestic outbreak control” if the disease spreads in their countries.

Beijing criticized Washington’s order barring entry to most foreigners who visited China in the past two weeks.

Australian Prime Minister Scott Morrison announced similar measures on Saturday, following Japan and Singapore.

https://www.foxnews.com/health/who-says-prepare-for-local-outbreaks-china-slams-us-control

CharlieSeattle
CharlieSeattle
4 years ago
Reply to  felix1999

‘Not a gesture of goodwill’ …It gets better and better.

A scientific report…

https://biorxiv.org/content/10.1101/2020.01.30.927871v1.full.pdf

…  from the Kusuma School of Biological Sciences in New Delhi, India, proves the Coronavirus is a man-made bioweapon.

https://www.newswars.com/msm-tries-to-suppress-evidence-that-hiv-delivery-system-is-embedded-in-coronavirus/

Virus-hit Wuhan has two laboratories linked to Chinese bio-warfare program
Virology institute there has China’s only secure lab for studying deadly viruse

https://www.washingtontimes.com/news/2020/jan/24/virus-hit-wuhan-has-two-laboratories-linked-chines/

felix1999
felix1999
4 years ago
Reply to  CharlieSeattle

The Washington Times is a credible source.

CharlieSeattle
CharlieSeattle
4 years ago
Reply to  felix1999

The scientific report is too.

CharlieSeattle
CharlieSeattle
4 years ago
Reply to  felix1999

‘Not a gesture of goodwill’ …It gets better and better.

A scientific report from the Kusuma School of Biological Sciences in New Delhi, India, proves the Coronavirus is a man-made bioweapon.

https://www.newswars.com/msm-tries-to-suppress-evidence-that-hiv-delivery-system-is-embedded-in-coronavirus/

Virus-hit Wuhan has two laboratories linked to Chinese bio-warfare program
Virology institute there has China’s only secure lab for studying deadly viruse

https://www.washingtontimes.com/news/2020/jan/24/virus-hit-wuhan-has-two-laboratories-linked-chines/

CharlieSeattle
CharlieSeattle
4 years ago
Reply to  felix1999

‘Not a gesture of goodwill’ …It gets better and better.

A scientific report from the Kusuma School of Biological Sciences in New Delhi, India, proves the Coronavirus is a man-made bioweapon.

https://www.newswars.com/msm-tries-to-suppress-evidence-that-hiv-delivery-system-is-embedded-in-coronavirus/

Virus-hit Wuhan has two laboratories linked to Chinese bio-warfare program
Virology institute there has China’s only secure lab for studying deadly viruse

https://www.washingtontimes.com/news/2020/jan/24/virus-hit-wuhan-has-two-laboratories-linked-chines/

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
4 years ago

Sad, if only the coronavirus outbreak were in Indonesia, Pakistain, Bangladesh, Turkey, anywhere in N. Africa, it would be a cause for celebration.

felix1999
felix1999
4 years ago

I have to embarrassingly agree. It’s one way to clean out
Islamic mental illness.

Jay Dillon
Jay Dillon
4 years ago

China has many moslems. Most Chinese start out life as moslems. But as a nation, I think they are seriously fighting against islam now. I just wish they wouldn’t try to wipe out other religions and philosophies along the way. That’s totalitarianism. Basically Communism (totalitarianism) is fighting Islam (totalitarianism).

Jamfer Jones
Jamfer Jones
4 years ago

In China they eat dicks, testicles, bees, centipede, 100 yr old eggs, Sea Penis (live worm), Cow Dung Hot Pot and other disgusting foods. When China is worried about a virus it must be real.

Tom Validakis
Tom Validakis
4 years ago

The virus was stolen from Canada, little did China know it was a AIDS/CORONA prototype. Accidently infecting the population. Trudeau is the weak link and he must go. This virus should never have been developed and will be very difficult to vaccinate against as it a WWIII last resort virus designed to continmate as many people as possible before it becomes active so it’s also a stealth virus. If only the globalists fought on the side of good instead of pure evil.

Always On Watch
Always On Watch
4 years ago

Plague!

Tommy boy
Tommy boy
4 years ago

USA and Australia should cater to rest if the world not just depend on sick china for revenue

patd
patd
4 years ago

But WHO claimed there was NO issue to be concerned with….another worthless global organization!!!!

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