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Jim Cramer: This Is a Biological Crisis, Not a Financial Crisis

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Jim Cramer has some thoughts about the coronavirus.

Here's an update on the coronavirus. There are 2,744 deaths in China and 78,497 confirmed cases. Globally, there are 2,810 deaths and 82,550 cases.

President Donald Trump said Wednesday that the risk to Americans was "very, very low," and he placed Vice President Mike Pence in charge of his administration's response to the growing global health crisis. Investors, however, weren't convinced and continue to seek out safe-haven assets such as gold and U.S. Treasury bonds. The yield on the benchmark 10-year Treasury note declined Thursday to 1.29%.

Cramer weighed in on the coronavirus and its impact on the markets. 

Watch the full video above for more. 

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