You mentioned tourism so I interpreted that to be vacation / leisure. We'll have to see how it plays out, but compared to the common flu, it doesn't appear to be extremely contagious or exceptionally deadly. I suspect that we will have completely forgotten about this a month from now.
You need to turn off the Chinese media. WHO has been reporting it is extremely infectious for about a week now. You don't build a 1000 bed field expedient hospital for something that is about as infectious as the flu. Nor do you quarantine millions of people. We can't get true numbers on fatalities because the Chinese are hiding them. Rumor has it they're mislabeling death certificates as "viral pneumonia" which is undifferentiable from any of the thousands of different viral pneumonias you can get.. Videos of doctors crying over the number infected are all over the internet. Really, turn off the Chinese media. Even if it is no more deadly than the flu it's R0 is significantly higher, it's spread mechanism is more effective, and therefore the total death rate will be higher. A virus doesn't need to be "exceptionally deadly" to kill a lot of people. It only needs to spread effectively. The common flu kills metric tons of people a year and most people just sleep it off. However, occasionally it kills normal healthy people too.
US firms halted travel to China now. As of today. They're estimating that the actual number infected is 100k. Incubation period is 2 to 10 days. This is going to be a mess. https://www.theguardian.com/busines...lt-china-travel-as-coronavirus-spooks-markets
Even the number infected is 1Million, it doesn't matter.. The Fed can pump this market to 100K dow if they want to. It is the Fed... Not the China nor some bshit coronavirus
Markets down after Apple earnings beat. Apple came off a 327 high. I've got a shiny quarter that say it gaps down tomorrow.