The Coronavirus Isn't an International Health Emergency Yet, Says WHO

Author:
Publish date:
Video Duration:
1:21

The World Health Organization said Thursday that the coronavirus is not an international public health emergency yet. However, the WHO did note that the virus is an emergency in China. 

WHO has not yet recommended travel or trade restrictions.

The coronavirus has, so far, shut down multiple cities in China, and--according to Chinese State Media--there have been over 650 cases worldwide.

Around 23 million people are under lockdown, with the city of Wuhan--which houses 11 million--under quarantine

As of Thursday afternoon, the death toll had risen to 18.

According to reports, China is expected to announce similar measures for two cities near Wuhan on Friday.

The Center for Disease Control has elevated the travel alert for the Chinese city of Wuhan to level three, which is its highest level.

The U.S. has also issued a travel warning to China amid the concerns around the coronavirus.

The U.S. announced its first case of coronavirus earlier this week in Washington state, and then Vietnam and Singapore announced cases of the virus Thursday morning.

So far, cases of the virus have also been confirmed in Japan, Hong Kong, Macau, South Korea, Taiwan, and Thailand.

Jim Cramer told TheStreet this morning, he doesn’t expect to see a market impact from the Coronavirus until Monday. But, certain sectors could take a hit if there’s an impact on the market. Casinos, airlines, and hotels are all vulnerable.

Real Money’s Bruce Kamich took a look at the charts of some of the casino companies. “The charts of  (LVS) - Get Report (WYNN) - Get Report () - Get Reportand  (MGM) - Get Report all show the potential for further price declines. We don't know how deep and how long a setback will run, so the prudent course of action is to reduce your exposure until the dust settles,” he wrote.

Catch up on the Latest News, Features & Webinars on TheStreet!