Don’t miss our special report on the coronavirus outbreak, airing tonight at 7 p.m. ET. You’ll hear from the doctors who helped treat one of the first patients to test positive in the U.S. Plus — are we about to see a flood of new cases?
Total confirmed cases: More than 42,700The death toll in mainland China topped 1,011, according to Chinese state media. One death each has been reported Hong Kong and the Philippines. The number of infections in mainland China reached almost 42,300, bringing the total number of cases across the world to more than 42,700 as of Monday night.
, and as crude prices continue to move lower the worst may not be over yet, Ned David Research said in a note to clients. Analyst Warren Pies noted that the outbreak has reduced Chinese demand for oil by 2 million to 3 million barrels per day, which means "the oil market is looking down the barrel at no demand growth for the calendar year, and outright demand contraction is now on the table.
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