President Trump will be addressing the U.S. in a press conference at 6 p.m. Wednesday.
There are over 81,000 confirmed cases worldwide with over 2,700 deaths. Italy now has over 300 cases, with 11 deaths. To put that in context, Italy had around 15 confirmed cases on Friday, February 21.
The Centers for Disease Control and Prevention said Tuesday that Americans should be prepared for the disease to spread in the United States.
“It’s not so much a question of if this will happen anymore, but rather more a question of exactly when this will happen - and how many people in this country will have a severe illness,” said Dr. Nancy Messonnier of the CDC in a call with reporters.
"Right now there are three sets of storylines that are in play, when only one of them is going to get you in and out of this market with your assets intact and your portfolio stronger," wrote Cramer in his Real Money column on Wednesday morning.
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