the production of i phones chinese plants have all reopened but output is still returning to normal cathay pacific has issued a profit warning after the virus outbreak forced to cancel nearly half its flights for february and march for cathay it marks another blow after turbulent times in hong kong for example where street protests led fewer people to fly. and macau will reopen its casinos from thursday they've been shuttered the past 2 weeks to prevent the spread of the coronavirus large numbers of mainland china chinese flocked to the world's biggest gambling hub spending 100000000 dollars a day that. next a jury in the u.s. has awarded a peach $265000000.00 in damages in a lawsuit aimed by seth the farm acclaimed herbicide sprayed on fields near his orchards drifted on to the trees killing them it was the 1st u.s. case to rule on the weed killer dye kumba made by the 2 german companies says it will appeal now having global business juggernaut in your neighborhood can have benefits for example amazon's massive staten island facility employs thousands of people but the conditions for its

thank you for your time cathay pacific is cutting almost all flights to mainland china hong kong based carrier continues to grapple with a rep a conscience of the coronavirus many airlines for the u.s. u.k. and south korea have already scrapped all chinese flights are some countries like singapore and italy have imposed travel bans. 25000 flights to and within china are being canceled and civil aviation authority has urged all chinese airlines to keep flying international routes. is one of the aviation industry's most familiar faces so it came as a shock when the air asia chief executive announced it was stepping aside amidst a bribery investigation authorities are looking into claims that plane maker air bus paid a 3rd company connected to finesse $50000000.00 to secure orders. with its slogan now everyone can fly air asia has one of the best known brands in asian aviation but now the carrier is at the center of a corruption probe individuals associated with their boss were reportedly pages security as their asia on its long haul unit area asia x. . c.e.o. tony fernandez and executive

after the virus outbreak forced it to cancel the early hotfix flight from february and march for cathay it must add another blow off the turbulent times in hong kong where street protests depressed flight traffic. macao will reopen its casinos from thursday they've been shuttered the past 2 weeks to prevent the spread of the coronavirus large numbers of mainland chinese flock to the world's biggest gap spending 100000000 dollars a day. and robbers have stolen hundreds of toilet rolls during an early morning delivery at a hong kong supermarket coronaviruses led to shortages of everyday essential panic buying has made toilet paper in the territory. the virus is also hitting the international trade hub of singapore officials are predicting a major economic downturn the city state may even plummet into recession. passengers at singapore's changi airport are going through rigorous temperature checks after all 75 people have tested positive for the corona virus in the city state so far more than any nation outside china the government has provided masks for every household images from hospita

and around china have been throttling back production and there are concerns about global growth cathay pacific has asked its global workforce to take unpaid leave as it tries to deal with the fallout from the coronavirus hong kong based airline is encouraging 27000 employees to take 3 weeks off in the 1st half of the year the carrier has come to 90 percent of its services to the mainland china bosses blame the op break and a significant drop in demand. foxconn says it won't be able to return to full production in china until the end of the month because of the coronavirus it hopes are partly restart production next week the taiwanese company makes smartphones for global brands including apple and says the disruptions will hit profits. german sportswear added us is closing a considerable number of shops in china as the corona virus continues to spread it's still assessing how big an influence it will have on business experts fear the virus could have a major impact on the chinese and by extension global economy. and chinese are not welcome in india's autoexposure because of coronavirus

but for an outline by cathay pacific and hong kong grounded fleet but we've never seen anything likely unprecedented situations. what is within their power? i've had emails from airlines are flown with saying, we want to reassure you , here with saying, we want to reassure you, here is our cleaning procedure. we are scanning cabin crew and pilots before any flight they take in the region. what steps realistically can they do? it doesn't alter the fact that this is a virus that is spreading rapidly. people have flown by the time they attract. the airlines are struggling to keep up with the accelerated spread of coronavirus. what about the ripple effect? there are so many other sectors that rely on it. it's horrendous. there are estimates within the asia—pacific region, this is going to cost billions in tourist receipts because the chinese are huge international travellers. it's an emerging market in countries like thailand which of relied on china are seeing severe cutbacks in accommodation. even companies like easyjet are down. they were impacted by the incident in the canary islands

where an airline, for example cathay pacific, is right at the seat of the core of all of the activitythis space. sally, good to talk to you. in other business stories we‘ve been following: demand for new cars fell by 7.3% last month — so says the society of motor manufacturers and traders. over 11,000 fewer new cars were registered injanuary than during the same month in 2019. the smmt blamed confusion over diesel and clean air zones, and weak consumer and business confidence. sales of diesel and petrol models were both down, while alternatively—fuelled vehicles reached a record market share of nearly 12% injanuary. the co—founder of rockstar games, dan houser, is leaving the firm he started with his brother sam in 1998. mr houser was a main creative force behind two of the firm‘s biggest series, grand theft auto and red dead. his departure comes after an "extended break" — that‘s according to rockstar‘s parent company ta ke—two interactive. an agreement to share network equipment in order to improve phone coverage in rural areas has hit a stumbling block over costs. rival operators,

cathay pacific is coming out with a number of data points.s the outlook , and you'd have to assume this is from the coronavirus hit. cathay pacific says the first half result would be significantly lower year-over-year, and as a result, we see softening across the equity indexes, even here in europe. now, hsbc is facing uncertainty as a basis for a third major overhaul in a decade. the changes are set to be announced won report results on tuesday. tomorrow, let's get more from harry wilson. this is a big wilson -- big deal, not just for the bank and shareholders, but especially the ceo. if his plan is taken well, he gets to keep his job full-time? harry: right. we were expecting we could hear an announcement that we don't know at the moment. what you are looking at at the moment is the try before you buy. the bank wants to look at the ceo, see how this announcement goes, see if the market likes the strategy, and maybe make a decision the end of the first quarter. we could get an announcement tomorrow. we don't know at this point. matt: what i

i just mentioned cathay pacific with unpaid leave after june. -- out to june.hina, hong kong, macau, is there a social safety net for people going on unpaid leave? stephen: not really. it is a free market, especially in hong kong, and we are seeing the rival airlines having trouble. it is part of the broader chinese group which has had that problems -- debt problems, all exacerbated by the seven months of protests. both have suffered. cathay pacific, this is another dagger for the company who is taking some heat from the chinese government and the executive team resigned, supporting people's right to protest. the convoluted answer to your question, we are seeing lots of quest -- pressure on lots of companies. company the parent makes most of your iphones and it is just north of hubei province where wuhan is. they will quarantine their workers for two weeks. you might not get your new iphone 11 on demand as quickly as you want because this is another case of a company being proactive and careful. francine: talk about the isolation. do we understand the secondary

just to get the big headline that january inbound passenger was down 40% according to cathay pacific. of course, we're seeing some green across the board but really reacting to the easing stance from the pboc today. >> definitely a positive start to the week then in terms of risk sentiment, but obviously we have to see the economic impact, how it all plays out thank you for latest from hong kong. >>> speaking of the economic impact, singapore has warned it may plunge into recession this year after reporting its biggest jump in new coronavirus cases this year. they cut the growth forecast this year by one percentage point, highlighting the risk from the fast-spreading illness. >>> the japanese economy has contract contracted at its fastest pace in six years fourth quarter gdp fell by 6.3% on an annualized basis, much more than the forecast and the first decline in five quarters that is as the outlook for the current quarter is clouded by the coronavirus. bank of japan governor said the outbreak is currently the biggest uncertainty for the japanese economy, so a huge decline there in ja

for the most part, these are modest moves capri is moving to the up side actually today and even cathay overall here there's a little over-bought conditions going on. look at microsoft, up 11% in the last several days. it is starting to look a little frothy look, a major mid-cap stock like that up 11%, that's getting a little bit on the overbought side. >> bob pisani, thank you >>> and now getting crushed this morning in bear market territory and following a run-up in its shares since the start of the year with us on where tesla goes is our own bob pisani and mike lebeau great to have you here i feel like if we're playing a drinking game this week -- >> i would be drunk. >> and it would be tesla and also electric vehicles not just tesla. >> and within the last ten minutes, mark royce, the president of general motors talking about their plans for electric vehicles had a statement. i was trying to call it up but i couldn't on this computer. my producer and i have been talking about this the statement was no other company can match us when it comes to technology, sustainability and electri

hong konong fly carrier, cathay pacific, forced the airliline to cancel two out of every five flights february and march. qantas is makingng further fligt cut at 15% on all asia routes. management says this could cost the company over 90 million euros. the airline instituting a hiring freeze and asking employees to use up leaves. the coronavirus outbreak could mean up to 4.4 billllion euro drops for airlines worldwiwide. is theotherer company shipping giant, mueller maersk. they a are warning that this year's earningngs could be well beloww expectations. they are expecting things to pick up later this year once china's factories are back up and running. many industries are suffering as a result of people staying atat home in china but some sectors are cashing in. figures published by the financial times shows there is a in downloading. there downloading games and educational apps which is boosting shares in companies. let's check k in on how the markets are trading. lots of company results for investors toto digest. many companieses talking about e impact of cocoronavirus. air france

cathay pacific has seen quite a fall in demand. francine: definitely.atrick: the question is is a temporary, can we look through it? hotels, airlines, cruise ships, retail sales in the asian whole region are definitely going to be impacted. the question is do you see them rebound? our view is british airways, it is not recreational travel necessarily, whereas carnival cruise lines is all recreational almost. those are the things that can be put off, whereas if there is a containment, it will get the quick rebound in business travel. francine: how do you look at havens? gold is definitely big. treasuries -- patrick: we like gold better than bonds right now. we think bonds are pricing in a recession to near certainty. we don't think it should be pricing in recession near certainty. gold is a great alternative to yielding assets in europe. buying platinum as well, another precious metal. that is not based so much on gold. palladium is $2300 an ounce. beennum has historically more but catalytic converter demand and supplies t shortages. auto companies get a

airline cathay pacific has asked its employees to take up to three weeks of unpaid leave as it struggles with plunging revenues. the h home-baked d -- hong kong-based carrierer said e situatation wass as seserious ae 2009 financial crisis. it has cut capacity by 30%. genie: how a are the markets reactingng to thisis ns? big issue it has beenen a all week but we have seen things calm down in the last couple of days, investors feeling more optimistic that chinese efforts to curtail the virus are working. you have gains across the markets today, london, paris, all trading up. there there is a crash -- is a board clash at energy company ng. stephen: there is opposition to the appointing the chairwoman. a group of politicians have written an op-ed supporting her drive to invest in renewable energy. isabelr: ceo since 2016, is the head of energy giant ng, but a power struggle leaves for future at the company in doubt. her supporters, including politicians of all stripes, have really to her side in an op-ed in a business paper. >> we have the only female boss 40 company transitioning toward gre

cathay pacific has asked its 25,000 plus staff to take weeks of unpaid leave because falling passengeralanches in the eastern turkish province of van over the last 24 hours the local governor said that nine of those killed were civilians while others were members of the emergency services. thirty people have been rescued and search and rescue efforts are continuing. you're watching afternoon live, these are our headlines. in his state of the union address president trump says his time in office has produced a great american comeback. as the coronavirus death toll in china reaches nearly 500, sick passengers are taken off a cruise ship docked in hong kong. at least 23 people have been killed — and dozens more trapped — after a second avalanche struck a mountainside in turkey. in a mountainside in turkey. sport, super league ow| to in sport, super league owners meet to discuss the catalan signing of the controversial player israel folau. england player anthony watts will not be ready for six nations on saturday. there is concern about the coronavirus and the effect it could have on the g

singapore airlines and cathay pacific are also feeling financial strain, and the world no. 3 economyhe brink of recession. there are wobbles, too, in singapore and the eurozone. alarm bells have also been sounded over worldwide shortages of vital medication like antibiotics. the situation to contain this new coronavirus is volatile, with no end in sight — but what is clear is the world's reliance on china is keep it afloat. let's get an update from our correspondent nick beake, who's in hong kong. nick, the virus continues to spread. the death toll‘s going up spread. the death toll‘s going up in china. there's been a high—profile case in wuhan, i understand? that's right, sally. we've heard this from state television, which has been reporting that the medical director of one of the big hospitals in wuhan — of course, the city of 11 million people at the heart of this outbreak — the medical director has himself died from the coronavirus. and we know that the front—line workers have certainly been at risk — something like 1,700 doctors and nurses have become infected — and we believe t

from china one of the busiest and most profitable routes delta america and alliance united airlines cathay dragon all nippon airways korea air and more they have canceled thousands and thousands of flights low cost carriers are getting hit the most in asia pacific areas are expected to lose more than $6000000000.00 in.

from china one of the busiest and most profitable routes delta america and alliance united airlines cathay dragon all nippon airways korea air and more they have canceled thousands and thousands of flights low cost carriers are getting hit the most in asia pacific areas are expected to lose more than $6000000000.00 in revenue in the 1st half of 2020 alone so you can see that any sort of interruption in china's economy will have a severe impact on the health of any major multinational that dominate the s. and p. $500.00 especially if we consider the fact that china's g.d.p. is now $14.00 trillion dollars or 16 percent of the total global g.d.p. .

we were talking about cathay pacific has suspended 90% of its flights to china and is asking staff toes? we are making working at home progress so i think staff are still working very ha rd think staff are still working very hard although they are at home. you we re hard although they are at home. you were talking about the size and potential of the chinese travel market, tell us how you see that, once this immediate crisis is over, where do you see it heading?” once this immediate crisis is over, where do you see it heading? i think the demand is huge because the gdp per capita is still there, government incentives will come up. also we are working with our partners to come up with promotional programmes. so people will have a wonderful time to release their anxiety. getting slightly off topic, we we re anxiety. getting slightly off topic, we were talking earlier about the new chief executive of bp, talking about his first day on instagram and we are asking people whether they would follow their boss on instagram. would you post about a standard working day? actually we have trip mom

cathay pacific is asking that all 27,000 of its employees take voluntary unpaid leave.ituation is as dire as the global financial crisis back in 2009. modi is chiming in and saying that this could affect the cities stock and credit profile. >> thank you for joining us. becoming a south asian super --, that is businessired uber's there in 2018. it raised $4.8 billion from fission fund and toyota. the president is here, thank you. >> thank you for having me. >> what economic impacts have you seen on your business from the coronavirus? >> we are very closely monitoring the situation. it is a situation that is evolving hour-by-hour. unlike china and greater china that has seen the brunt of the outbreak, cathay has been untouched by the outbreak. having said that, safety is the primary concern to us. we are preparing contingency plans just in case we need to take action. we will be able to notify the government of interactions between drivers and passengers facemasks forough our population. -- of drivers. >>>> you're trying become -- to become a superapp. what opportunities

trips and out of the country the airlines on that list now include singapore airlines american delta cathay pacific thin air and turkish airlines the head of the allied pilots association which represents american airlines pilots also suggested their pilots of u.s. china flights should decline the assignment to err on the caution side now joining us now to start the story is she chen an assistant professor at the university school of public health professor thank you so much for joining us today i want to start really asking let's talk about the importance of the travel in this situation when we're facing something like this a global health emergency how crucial is cutting off travel to and from the source . you know that will be very important to curb all contain the disease spreading so this is a very important. years to think about. 515 . residents in a problem that's where a similar mechanism to cut the travel down the. mobility and recent evidence shows that the lockdown really taking you for hours the reduce the country shows feature of this disease so the international trade. a natio

from china one of the busiest and most profitable routes delta american airlines united airlines cathay dragon all nippon airways korea air and more they have canceled thousands and thousands of flights low cost carriers are getting his the most and asia pacific carriers are expected to lose more than $6000000000.00 in revenue in the 1st half of 2020 alone so you can see that any sort of interruption in china's economy will have a severe impact on the health of any major multinational that dominate the s. and p. $500.00 as specially if we consider the fact that china's g.d.p. is now $14.00 trillion dollars or 16 percent of the total global g.d.p. so if that's the case then why are markets worldwide rallying when as ben just point out more cases of the virus have been reported and more deaths have occurred well let's just call it a good old fashioned market intervention china central bank stepped in to provide more stimulus where the economy the bank announced that it could cut its key lending rates and bank was a requirement ratios in the coming weeks in order to support economic growth

we talked about the cathay pacific impact. all of their workers can take unpaid leave for three weeks. the ceo saying the situation is as dire as the global financial crisis in 2009. shery: are they helping businesses out? yvonne: we heard at least from carrie lam they are trying to contain the outbreak is much as possible. we heard from the chief executive yesterday, at least trying to beef up travel restrictions. now they have a mandatory quarantine of people arriving from china. this expanded from travelers coming from the hubei province earlier. this going into effect saturday, allowing people to make travel plans before this takes effect. carrie lam accused of acting too slow in terms of protecting the public. carrie lam ejected those claims saying, a full closure of the border with china is not practical given the close ties between hong kong and china. we reported three new cases in the city, a total of 21 infected cases. man, thank you. also thanks to selina wang in beijing. be sure to keep up-to-date on this developin

virus spreading is to seal the entire frontier in another setback to the economy hong kong based cathay pacific airways has asked its 27000 staff to take 3 weeks unpaid leave before june the airline has had to reduce flights to the mainland its most important market for many people here the big concern now is a shortage of face masks there have been long orderly queues outside suppliers with some waiting in line overnight in the hope of not leaving empty handed there seems to be no shortage of face masks or luxury onboard the dreamworld as pat. and just wait to learn just how long their extended and now in full day will be adrian brown al jazeera hong kong. in a few hours the u.s. senate is all but certain to equate present donald trump on charges of abusing his power and obstructing congress on tuesday he delivered his annual state of the union address and occasion that highlighted the country's ideological divide that equal henry for some washington battered state or. the president of the united states. a u.s. president impeached by the house walk in to face the full congress expected

cathay pacific has asked its 25,000 plus staff to take weeks of unpaid leave because falling passengerts to the number of planes it is flying. robin brant, bbc news, shanghai. the government has launched a public consultation about whether failure to pay the tv licence fee should no longer be a criminal offence. at the moment, anyone who watches or records live tv, streams programmes live on an online tv service, or uses iplayer without a licence is committing a criminal offence. in 2018, more than 120,000 people were fined for licence fee evasion. if the change is approved, it could have a major impact on the bbc‘s finances. 0ur media editor amol rajan is here. what could change now? as you suggest, the view of the government is they should be a civil rather than criminal offence, rather than it being something that could send people to jail, this should be something where nonpayment is a bit like failing to pay a utility bill. the government have launched a public consultation and they feel the criminal sanction is unjust, it is too strong a sanction, and a waste of court time. the b

virus spreading is to seal the entire front here in another setback to the economy hong kong based cathay pacific airways has asked its 27000 staff to take 3 weeks unpaid leave before june the airline has had to reduce flights to the mainland its most important market. for many people here the big concern now is a shortage of face masks there have been long orderly queues outside suppliers with some waiting in line overnight in the hope of not leaving empty handed there seems to be no shortage of face masks or luxury onboard the dreamworld as passengers wait to learn just how long their extended and now enforced holiday will be adrian brown al-jazeera hong kong. turkey's president one is threatening further action against the syrian government if its forces and don't pull back ankara started sending more military reinforcements toward syria on monday 7 turkish soldiers and one civilian were killed by syrian government shelling in the last rebel held province the turkish military says it's hit dozens of syrian government targets in response killing many troops hundreds of thousands of peop

closure but they're not going to get that now as for the impact with regards to on the economy here cathay pacific which is the largest international airline based in hong kong they've given to told 35000 of their staff to take out unpaid leave we also have hong kong airlines however not has laid off around 400 staff so the impact isn't widespread and as you can see behind me the airport at the moment on saturday is empty right sara clonk there from hong kong meanwhile more than 3000 passengers and crew a stock on a board a cruise ship in the japanese port of yokohama the diamond princess ship is 61 confirmed cases of the virus matthew smith is one of the passengers who doesn't have the virus but is under quarantine. taste spoke to him earlier about his experience on the ship it's hard to speak to anyone else other. than a korean you know are all instructed to stay in their own cabin. you know that people from into your account and then allowed. on they may have had a chance to interact although they've been instructed to a meter apart from each other so it's hard to really be. the mood of

isolated hong kong is becoming from the mainland and in a further blow today to hong kong's economy cathay pacific has said that it wants its 27000 employees to take 3 weeks unpaid leave between now and june ok adrian thanks very much for that update from hong kong. it's supposed to be a moment when the us comes together but donald trump's 3rd state of the union address has instead emphasized the disunity in american politics he came face to face with the democrats who impeached him in the house of representatives a subject you avoided instead he used a speech to relaunches reelection campaign as party culhane reports that at stake. the president of the united states. a u.s. president impeached by the house walk in to face the full congress expected the senate will vote down the charges against him in the coming hours thank you was the chants from the republicans in the chamber made it clear what this speech would be about his reelection the state of our union is stronger than ever before. was the democratic response was this obvious there out but for the president he saw this as his time

cathay pacific is controlled by someone else for seven decades. it is not always easy for them.. paul: thank you for joining us. let's check in on how we are doing on asian markets here. not terribly well is the short answer. in australia we are off 1.4%. energy stocks are losing the way , fighting the losing battle, gold stocks performing well. new zealand is off and nikkei futures are pointing higher. taylor: in the u.s. looking better on tech and s&p and nasdaq, getting up point -- .25%. oil is holding onto $51 a barrel. the 10 year yield 151. we will have to see how that continues to play out very plenty more in the next hour. this is bloomberg. ♪ ♪ >> good morning. a just major markets have just opened for trade. welcome to bloomberg markets: asia. ♪ >> our top stories, asian markets prepare for a selloff as china but turns from an extended break. the coronavirus stretching the nerve. beijing pledges to prevent a selloff of -- as virus fatalities mount. do

cathay pacific asked 27,000 of its employees to go on voluntary unpaid leave for the next three weeksthe ceo saying the situation is as dire as the financial crisis. when it comes to the cruise ships, we talking about more than 7000 people essentially stranded on to cruise ships off of japan and hong kong. the latest from local media in japan, the one cruise liner off of yokohama, the diamond princess, additional cases here this morning. at least 10 more from the 10 confirmed cases that tested positive for this coronavirus. liners are being quarantined for the next two weeks. shery: thank you to you both. be sure to keep up-to-date on this developing virus story by running the function the are u.s. go on your bloomberg. it's the latest global figures from the cdc, headlines from the bloomberg newsroom, and how specific companies may be exposed. take a look at the korean won right now. strengthening against the u.s. dollar. this would be the most in about a month. it is paring back from gains against the u.s. dollar. this strength coming on the back of an fx selloff we saw in emerging

cathay has cut back considerably on hong kong into the mainland, but what does the rest of the sector? how troubled we know is the sector? howmuch we of -- liana: much we have seen cut back, it cannot look good. have all of the specifics. the parent company for hna group would be part of this. we will see if this is the solution. if things improve, maybe we will see a comeback in the sector. vonnie: is not just the airline sector, obviously there other sectors. could we see china getting into the banking industry? liana: hna group still owns a stake in deutsche bank, so i'm curious what happens there. other companies in china are looking to sell iron to pay down debt. we know another company has been devasting a lot. it is not just the tourism industry. vonnie: wonderful stuff. , u.s. dealsa baker team leader. guy: let's check in on bloomberg first word news with ritika gupta. faces: michael bloomberg his rivals in person for the first time tonight. in las vegas, he will take part in his first debate. the latest national poll has bloomberg in second place with 19%. bernie sanders lead

cathay pacific also cutting 90% of their flights to china.: that's exactly where i want to pick things up. my sources in d.c. say this is having a real impact on the u.s. and china trade relationship, and other countries trading with china. ah, and you could say it is adding more strained to the u.s. china relationship, given the response. they banned entry of nonresident travelers from china. that was significant, given the refrain from who adding any travel restrictions on trade and travel. , they haves eyes accused the u.s. of spreading panic in light of this issue. been just the u.s. that has implemented these travel restrictions. we have seen it across the globe as well. way, it may hurt the trait the glaciations going forward in one way. ofin: definitely added a lot volatility to the market, but also how trade officials like secretary mnuchin are able to negotiate with these officials. chart, 20,642 the confirmed cases, and at least 425 deaths now as a result of this particular outbreak. mention about how they are pushing back, about ho

cathay pacific cutting 90% of flights to china.hey are reducing operations for the next two months. they will shave off about 30% of their capacity. now very big response starting to come through from the pboc on the economic front. will that continue and at what size? >> they seem to be indicating they will continue to step in. we have seen swift action in the last 48 hours. they are willing to come and support growth. a second day of cash injections into the banking system, this time on tuesday. $50 billion or so of cash. that's the biggest single day injection we have seen for a while. this is on top of them cutting rates on the seven and 14-day repurchase agreement on monday. some analysts say these measures, they go beyond just a band-aid measures right now. this as we see more economist cut their forecast for chinese growth. the likes of goldman, ubs cutting first quarter and the full-year growth targets for china. the range now is around 3.8% to 4.8%. quite a wide range. some say it will take some deep cuts in the first quar

cathay pacific based in hong kong, 25,000 staff have been asked to pay -- have been asked to take an unpaid leave of three weeks. parked on the side of the airport, which is over there. i want to end on something. how thealked about suppression of information made things worse. i want to go back to 102 years ago, to the spanish flu, which led to the death of about 50 million people. i'm not saying this is anything on that scale. part of that was blamed on wartime censorship so people cannot get information as to what was going on. they hope history does not repeat itself. david: absolutely. i was not even around for the spanish flu. great reporting in hong kong. now let's go back to new york and drew armstrong to talk about what united states is doing or can be doing to deter the virus. we have the president addressing us at 6:00 this evening eastern time. drew: two key things to keep in mind. we only have about a dozen cases that have been diagnosed in the united states. most of those are travelers from china and the flow of travel from china has been great read reduced -- have been

and hong kong based airline cathay pacific asked workers to take three weeks of unpaid leave due to a drop in demand for flights. the uc system is suspending all study abroad programs in china. you can learn more about the symptoms of coronavirus and how to protect yourself by going to abc7news.com. >>> a bizarre crime at a preschool has a community on the peninsula rattled. somebody vandalized the millbrae nursery schoolyard and killed their pet chickens last weekend. some of these photos may be disturbing for you. four chickens were found mutilated. one in the coop and three lined up behind the preschool fence. a fifth chicken is still missing. >> there's a great violation and uneasiness that we all are now feeling. what's next? children? other adults? you know, where does this stop? >> the sheriff's office is investigating. they say they can't conclusively determine the chickens were killed by a person. the school, which serves many low-income families has a gofundme page to raise money for cameras and flood lights in the yard. >>> developing news on the iowa caucuses. new numbers

because of the outbreak, hong kong's cathay pacific is planning cuts and eliminating 90% of service tong to figure out how the virus could hurt demand for oil. today they meet in vienna. they are under pressure after prices fell below $50 a barrel for the first time a year -- in a year. fuel production and china appears to have longed -- plunged as much as 20%. global news 24 hours a day, on air and @quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. tom: equities, bonds, currencies, commodities. 33.res on wti. 49 a barrel francine: what gets my attention is that stocks rallied globally, investigators -- investors gauging the effects of the virus. crude oil is up. i am looking at gold. a death has been reported in hong kong, the second fatality out died mainland china. -- outside mainland china. stephen engle joins us now. are we seeing the worst? the market today is up. does it mean they believe we can quarantine the virus? stephen: part of it could have been a breath of fresh air. the news was not as bad. in the