Coronavirus update: 350 U.S. citizens to arrive in San Diego from Wuhan, China
The number of coronavirus deaths and cases in China continues to rise. There are at least 490 deaths and 24,324 cases of coronavirus in China, according to the latest figures from China’s National Health Commission.
The novel coronavirus first originated in late 2019 in Wuhan, a city in China’s Hubei Province. Since then, the virus has spread to more than two dozen countries, led to at least 490 deaths in China and one in the Philippines, and forced retailers and travel operators with exposure in China to close stores, cancel flights and cruises, and warn investors about the potential financial fallout of the crisis.
Last week, the U.S. announced that it would quarantine all returning U.S. citizens returning from Hubei Province for 14 days. At that time, officials had also said they would close the border to foreign nationals who have visited China within the past two weeks, a move that has been criticized by the WHO officials and Chinese authorities.
• Capri Holdings Ltd. CPRI, +8.45%, which operates luxury brands such as Jimmy Choo and Versace, updated its guidance over the impact of the coronavirus on its business, to annual revenue of $5.65 billion and adjusted earnings per share of $4.45 to $4.50. That’s below the FactSet consensus for revenue of $5.78 billion and EPS of $4.87.
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