Coronavirus live updates: Pence says markets will recover, WHO chief warns of more Europe outbreaks

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All times below are in Eastern Standard time.

  • Total confirmed cases: More than 85,000
  • Total deaths: At least 2,943

Read CNBC’s coverage from CNBC’s Asia-Pacific and Europe teams.

More than 15,000 coronavirus testing kits are in the mail this weekend en route to health professionals, according to Vice President Mike Pence.

There has been a concern that capacity is limited across the country to conduct tests amid a potential epidemic. The latest numbers show only 472 people so far have been tested in the U.S, according to the CDC. 

“The FDA has approved a testing regime that state and local officials can be using,” Pence said Sunday on CNN’s “State of the Union.” He added the government is working with another “commercial provider” to send another 50,000 kits out. He did not provide details on the timing of when those kits would be finished. — Thomas 

Vice President Mike Pence is confident the stock market’s weakness last week will recover. “This economy and particularly the stock market that saw some downturns this week, it’ll come back,” Pence said on NBC’s “Meet the Press” on Sunday.

The stock market experienced its worst week since the financial crisis as investors worried about the coronavirus denting global economic growth.

“The fundamentals of this economy are strong. We just saw new numbers come out in housing, consumer confidence, business optimism, unemployment’s at a 50 year low,” Pence added. Pence said the Trump administration is focused on the health and safety of the American people. – Fitzgerald

The World Health Organization’s director-general cautioned Sunday that other countries within the European Union might see coronavirus outbreaks similar to the rapid spread seen in Italy. 

Italy has 1,128 confirmed cases as of Sunday, according to the WHO, which is the largest in Europe and the third largest globally. Infections are now being seen beyond the original epicenter in the north, with cases in Tuscany, Le Marche, Emilia Romagna, Alto Adige, Piedmont, Liguria, Lazio and Sicily, far south of the capital in Rome. 

“Europe may have some surprises like Italy. You know, other developed countries in Europe may have surprises,” Tedros Adhanom Ghebreyesus told CNBC’s Hadley Gamble during a panel discussion at the King Salman Humanitarian Aid Center’s International Humanitarian Forum in Riyadh. — Clinch 

There were 12 new coronavirus cases reported in England on Sunday morning, bringing the total number of cases in the U.K. to 35.

Three of the patients were close contacts of a known case, while one patient — a resident in Essex — had no known travel history. The other cases were patients who had recently traveled from Italy and Iran, according to U.K. health officials. — Newburger 

Source: https://www.cnbc.com/2020/03/01/coronavirus-live-updates-australia-thailand-and-us-report-first-deaths-over-weekend.html

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