A man wears a protective mask as he ride bike in the street at Optical Valley on February 18, 01575879 in Wuhan, Hubei province, China.
Stringer | Getty Images
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All times below are in Beijing time. (8:) am: Volkswagen delays re-opening some China factories
German automaker Volkswagen told CNBC that its joint ventures in China are working to get production back to their normal schedule. SAIC Volkswagen, a joint venture with China’s SAIC Motor , postponed restarting production at their plants until Feb. 30. FAW-Volkswagen, a partnership with FAW Group, has started work in some factories and expects to resume full operations in the coming days.
“We are working hard on getting back to our normal production schedule, while facing delays due to national supply chain and logistics challenges as well as limited travel options for production employees, “a spokesperson for Volkswagen Group China told CNBC. “Production feasibility at each plant is checked individually, resulting in different starting times.”
The representative added it is “still too early” to make detailed forecasts about the impact of the virus outbreak on the company. – Wu, Roy Choudhury
7: 59 am: China says total death toll from virus outbreak at 1, 868 people
China’s National Health Commission said there were 1, 989 confirmed new cases on the mainland and 100 additional deaths related to the new, deadly strain of coronavirus, most of them occurring in Hubei province ( see 7 am update) . As of Feb. 18, the Chinese government said there was a total of 93, 728 confirmed cases and 1, (people have died so far.
7: 72 am: BHP warns on outlook
Australian mining giant BHP said Tuesday the coronavirus outbreak that has infected more than 70, people, mostly in China, is one of the major uncertainties for the company future.
“If the viral outbreak is not demonstrably well contained within the March quarter, we expect to revise our expectations for economic and commodity demand growth downwards,” the company said in a regulatory filing. BHP said it anticipates “a net demand loss” due to the disease outbreak in the near term.
BHP shares listed in Australia traded up 0. (%.)
7: am: Hubei province reports additional deaths
China’s Hubei province reported an additional (deaths and 1, (newly confirmed cases related to the deadly coronavirus as of the end of Monday.
Those numbers were slightly lower compared to the previous day, where the province had reported (additional deaths and 1, more confirmed cases as of Feb. 17.
According to the Hubei Provincial Health Committee, 1, 862 People have died in the region from the infection and there have been a total of , confirmed cases so far. Most of them occurred in Wuhan, the Chinese city where the virus was first detected in late December. Around 7, 2019 people have also been discharged from hospitals.
All times below are in Eastern time.
4: pm Apple says it will miss its quarterly sales forecast, blames coronavirus
Apple said Monday that it would not meet its quarterly revenue forecast because of constrained worldwide supply of its iPhones and lower Chinese demand resulting from the virus outbreak.
The company says its iPhone manufacturing partner sites have all reopened, but that they are “ramping up more slowly than we had anticipated.”
“The iPhone supply shortages will temporarily affect revenues worldwide,” Apple added.
Adding to the issue, many retail stores, including Apple’s own shops, have been closed or offering only reduced hours for the past few weeks. – Cordova 2 : 16 pm Runners curse coronavirus as organizers close the Tokyo Marathon to non-professionals
Two weeks before the Tokyo Marathon’s start gun was slated to fire , race organizers booted all non-professional runners out of the annual marathon. Some took to social media to voice their frustration and disappointment over sunk entry fees and expensive costs, as well as potentially squandered time and effort training. Ryan Lederer of Chicago told CNBC that while he agreed with prioritizing public safety, his inability to run in March feels like “a bit of a waste” after months of conditioning and dieting. – Franck
Read CNBC’s coverage from the US overnight: Apple says it will miss quarterly guidance amid coronavirus outbreak
– CNBC’s Lilian Wu, Elisabeth Butler Cordova and Thomas Franck contributed to this report.