Coronavirus live updates: WeWork closes 100 buildings, Chinese companies seek billions in loans

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All times below are in Eastern time.

Total confirmed cases: More than 40,00
Total deaths: At least 910

A California passenger aboard the Diamond Princess told CNBC it “can be a little bit depressing” when thinking about how much longer he and his wife must remain on the quarantined cruise ship: likely nine more days. Matthew Smith said he is “maintaining his confidence” that he and his wife, Katherine, will not test positive for the new coronavirus and be able to go home after the two-week mandatory quarantine on the cruise ship ends. — Lovelace

World Health Organization officials are holding a press conference Monday to update the public on the outbreak, which has killed more people than SARS as of this weekend. Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, warned Sunday that while the virus has yet to spread widely outside of China, that could accelerate. “The detection of a small number of cases may indicate more widespread transmission in other countries,” he said in a tweet, “in short, we may only be seeing the tip of the iceberg.” Watch the press conference here. — Kopecki

More than 300 Chinese companies including smartphone-maker Xiaomi and China’s ride-hailing giant Didi Chuxing are seeking bank loans totaling at least $8.2 billion to soften the impact of the coronavirus, two banking sources told Reuters. The firms were either involved in the control of the epidemic or had been hardest hit, the sources said. Xiaomi, the world’s fourth-biggest smartphone maker, is seeking $716.24 million in loans to produce and sell medical equipment including masks and thermometers, according to documents sent to banks in Beijing by the city government’s finance bureau that the sources have reviewed. — Feuer

Inflation in China hit its highest level in more than eight years last month as the outbreak drove up demand for some consumer goods and shuttered business activity in parts of the country. China’s consumer price index rose 5.4% in January, after rising 4.5% in December, according to CEIC. The rise in consumer prices continues a recent acceleration for inflation in China, according to the country’s National Bureau of Statistics. Inflation hit 3% in September and then broke above 4% in November. The bureau said in a statement that the increased inflation in January was due to the Lunar New Year holiday, the coronavirus outbreak and a lower price base from last year, according to Reuters. — Pound


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