Mr Harcourt told Sky News it was “still six per cent off Wall Street high,” meaning there was “no reason to panic yet”.
“It is still starting to have a real dent in sentiment and seen more as a global phenomenon than something just affecting China or Wuhan alone, so perhaps less isolation than we had expected a few weeks ago,” he said. Image: Getty
Even if, 100m old, sick & young people died globally from the coronavirus, the economic impact would be minimal on 7B people. The big economic losses will come from the crazy overreach of the various responses & reactions to the coronavirus risk. Watch the nutters step up!
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Growing fears as coronavirus cases spike outside China | Sky News AustraliaAs the spread of coronavirus slows in China, concerns are growing over a sharp rise in infections across South Korea, Italy and Iran. \n\nItaly reported its first two coronavirus deaths and dozens of cases, putting strict quarantine restrictions in place in two popular locations near Milan and Venice. \n\nSouth Korea issued the highest level of alert after six people were killed by the disease and more than 600 infected, while Iran reported 43 cases of the virus and eight deaths.\n\nThere are up to 79,000 cases of coronavirus confirmed worldwide. \n\nImage: Getty Or that China’s numbers are just full or shit Very little focus on the 5 deaths in Iran and how they came to be. Or, China’s authorities have told their medicos not to report new numbers.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Aus response to containing coronavirus is a 'very successful one' | Sky News AustraliaThe National Critical Care and Trauma Response Centre's Professor Len Notaras says Australia's efforts to contain the coronavirus COVID-19 have been 'a success'. \n\nA group of 250 Australians rescued from Wuhan have been released from the Darwin quarantine centre just as authorities have confirmed seven passengers who were on board the Diamond Princess cruise ship tested positive for coronavirus. \n\nMr Notaras told Sky News “the operation thus far dealing with more than 700 people has been a very successful one” but said Australia was still in no position to relax its vigilance. \n\nHe said they would continue to treat those in quarantine as 'suspicious until shown otherwise'. \n\nMr Notaras said the AUSMAT operation was so far 'a fantastic triumph for health in the country.”\n\nImage: Getty So far isn't it a bit too early to say that yet? More rubbish by sky news...
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More than 260 Australians released from Darwin coronavirus quarantine | Sky News AustraliaMore than 260 Australians rescued from the coronavirus epicenter and placed in a Darwin quarantine facility have been released and reunited with friends and family. \n\nAmong those held in the Howard Springs Workers Village for a 14-day quarantine period were 77 children and 11 babies. \n\nAbout 170 Australian passengers evacuated from the Diamond Princess cruise ship on Thursday will have to spend another two weeks in the Darwin facility as a seventh person tested positive to the coronavirus. \n\nChief Health Officer Brendan Murphy said there was the possibility of more confirmed cases but the seven people who had contracted the virus were all in a stable condition. \n\nThe Victorian Chief Medical Officer warned people to be cautious as there was the risk of a 'pandemic' if proper precautions and safety measures were not taken.\n\nImage: Getty Are they going to be tested for the next fortnight? evidence out of China says incubation can be up to 27 days - this could be a huge blunder ☹️
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Coronavirus impact has caused 'deep concern' for Australia's economy | Sky News AustraliaSky News host Sharri Markson says there is “deep concern about how the Australian economy can handle this hit,” as the lasting impacts of the deadly coronavirus threat continue to impact Australia's tourism sector. \n\nMs Sharri noted the Commonwealth Bank recently downgraded its GDP forecast by 0.4 per cent for this calendar year, with the reported drop in projection apparently attributed mostly to the impact of the coronavirus. \n\nThere are concerns “just how bad this is going to get” and how the Australian economy will react, Ms Markson said. \n\nIt comes as Prime Minister Scott Morrison “ruled out any compensation for the education or tourism sectors,” according to the Sky News host. \n\nImage: Getty Australia, opt for Health, Safety & Justice, not for RMB! SharriMarkson Chinese tourism to Australia has very little value add. The Chinese tour operators have vertically integrated. Flights, transits, restaurants, hotels, tours are all owned by the Chinese. Australians don't benefit. SharriMarkson Just an excuse for no surplus.
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Reports of coronavirus vaccine leads to 'significant correction' to ASX plunge | Sky News AustraliaBusiness editor Ticky Fullerton says “the market is moving all the time and it has actually come back” following a significant ASX drop due to coronavirus fears. \n\nThe ASX dropped 4.33 per cent amid concerns the widening spread of the coronavirus would have a large impact on global economies however there was “quite a significant correction to that big jump” on Tuesday. \n\nMs Fullerton told Sky News “extraordinarily the markets here have reacted” after a “report” US drug company Moderna “shipped the first batch of rapidly developed coronavirus vaccine to US government researchers”.\n\nShe said there was an “overwhelming sense” in the market that the impact of the coronavirus was “really going to hurt”. \n\n“There is this genuine fear about the virus but extraordinary developments with Moderna,' she said. \n\nImage: AP
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Coronavirus to 'significantly' impact Aust economy | Sky News AustraliaTreasurer Josh Frydenberg has flagged the economic impact of the coronavirus will be “more significant” than the bushfires, amid growing speculation the promised budget surplus is all but gone.\n\nSpeaking in Parliament on Tuesday, Prime Minister Scott Morrison was flanked by Mr Frydenberg, Health Minister Greg Hunt and Chief Medical Officer Brendan Murphy to discuss the impacts of the coronavirus. \n\nThe prime minister was eager to promote the success of the government’s travel ban in preventing the spread of the virus in Australia, but was frank about the impact on the economy. \n\nWhen asked, Mr Frydenberg said Treasury was still finalising modelling on how the virus will affect the economy, but outlined it was now impacting on exports and the supply chain. \n\n“The message is very clear. The impact will be more significant than the bushfires, and it plays out more broadly across the Australian economy,” he said. \n\nOn if the government will still achieve the promised budget surplus, Mr Morrison stopped short of confirming it would not occur. \n\n“Hands up those who thought there was going to be a coronavirus epidemic when the budget was released last May? Of course, no one did,' he said. \n JoshFrydenberg can you get your economic expert PMOnAir Murray to cost this all for us? We need leadership in these times JoshFrydenberg 😂🤣😂🤣😂 The surplus that was never there JoshFrydenberg Of course it’s gone. LiberalAus are the worst economic managers known to mankind. They’ve squandered the benefits of our post GFC boom, more than doubled our debt and will now blame fires, storms, disease and pestilence for their incompetence!
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