Yeah Japan closing all schools till April........There is a chance they may cancel the Olympic..............Yeah OVERBLOWN..........
and the fact that a government makes a choice like that is proof that this is not overblown... how?
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Apple CEO Tim Cook: 'It Feels to Me China is Getting Coronavirus Under Control'
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and the fact that a government makes a choice like that is proof that this is not overblown... how?
They are part of overblowing too. This is pure fear because it’s new, notthing more. When it runs its course, you won’t hear about it anymore...just like the current flu, which oh by the way, is far worse.Yeah Japan closing all schools till April........There is a chance they may cancel the Olympic..............Yeah OVERBLOWN..........
The numbers... Really Tim? These are real people ill, dying and dead Tim! People are scared, worried and mourning Tim! People with names and families Tim! Who might be working in your factories Tim! Go there and show some compassion Tim!
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Ignorance is bliss?
The problem feared with COVID-19 is that it has a higher R0 or R-naught (how many people it infects by one host on average). Seasonal flu is 1.42, COVID-19 is 2.28 - similar to SARS and MERS. Compared to influenza, it spreads nearly twice as fast, has a higher death rate in the elderly and patients in critical condition (49%), and currently has the same death rate overall. However, it's still spreading and is expected to stabilize somewhere around 3-5%. Basically, it's a larger threat than influenza.
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It's too early to say any of that. The first infection on american soil just happened *yesterday*.
True, but the numbers above are very inflated by Whuan’s province where mortality is at about 2.5% and it infected more people than everywhere else. In other places, included China’s other provinces, we’re at about 0.5% mortality and for now very low contagion rate.
Now, we also know that the sample is very small so far.
CFR (death rate) could be inflated. The R0 rate was validated by the cruise ship quarantine. They found the exact same rate. It definitely spreads quicker.
Japan has the lowest birth rates in the world.Yeah Japan closing all schools till April........There is a chance they may cancel the Olympic..............Yeah OVERBLOWN..........
They're not over reacting by protecting kids.
Now, if they're in a country with dozens of kids per mother then let the plagues begin!
China is all he cares about. Don't get them mad at you Timmy
The art of name calling is not lost. Some people do grow out of it, though
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Really? That containment works? That aggressive measures taken on a potential pandemic are the right thing to do?
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oh boy $2500 iPhones!
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its good to hear from a public health expert on this one, thanks. Actually, you can't tell that something is a pandemic until it actually spreads and alerts people to the threat. They are still years away from inventing the tri-corder.
I'm not surprised at all that he would say such a thing. He's a globalist, socialist, communist, democrat or whatever you want to call it. He doesn't care about human lives, only about making $$$ like most others. Corporations and Governments don't care about us. Tim Cook sounds like those people at WHO (World Health Organization) aka CHO (China Health Organization).
No, he’s a business man. What’s he going to say, China is screwed, devices won’t be assembled on time and earnings are going to tank?
"No, he should stop doing his job and care about money and cure Coronavirus by himself"
The markets have dropped for 5 days in a row now, so you've had plenty of time to exit. As for being "in the know", the wealthy don't know what the future holds any more than you do. Market drops like this are simple: when news such as an outbreak in Italy occurs, and enough people judge that this will cause a market fall, and thus sell, then the market fall does actually happen (and this reaction to new news is very quick, the market is pretty much an instantaneous view of the current knowledge of what the future holds, because the big players act fast). Over this entire last week, the outbreak in Europe has continued to grow, so the market has continued to fall. If it settles, the market will recover. If it spreads to an outbreak in the US, then the market will drop again. So basically, as the virus spreads or is contained, the markets will zig zag down until enough people judge that the virus has hit it's worst point, and then the markets will recover and soon enough go to new all time highs yet again. This pattern has repeated itself over and over again for all bad news events. Even knowing this, it is difficult to successfully act on this knowledge, as you never know how far it will fall, and when it will hit the bottom and rise again. If you decide to exit, and mess it up and exit near the bottom, then you've actually ended up worse than if you just held onto your stock. So, if you are an investor who isn't on the pulse of things constantly, the simplest strategy is to just hold, and eventually the virus will blow over and the prices will return to where they were. If you are a day trader, then you've already (partially) sold, and are currently sweating over when to get back in, or if to sell more. The reality is, most traders fail to outperform the indexes, so you will outperform most traders by simply buying the index or your chosen stocks and holding long term. If you have more cash you were thinking of investing, then there is definitely plenty of "buy the dip" opportunities, either now, or in the near future. And when enough people start "buying the dip", the market will start going up again, and that in itself can turn into a stampede and cause a sharp rise (just look at the index/stock charts for plenty of examples of sharp falls followed by sharp rises). And don't sweat too much about trying to perfect your entry for buying the dip, as there are also plenty of examples of sharp falls, followed by a little rise, followed by another or several more sharp falls before the real bottom is hit. All you have to do is get in somewhere below the recent all time high, and you will likely end up ahead sooner or later. The worst thing you can do is buy the dip, then panic as it falls further and sell at a loss, because soon enough it will go up again and leave you cursing yourself. So if you do buy the dip, buy it and forget it and keep it for long term. In conclusion, your retirement fund will be fine, when the virus has blown over, stock prices will recover to new all time highs. Hope that helps.
Thank you. Tim is exactly that, a business man. His sole purpose behind the suit and tie with Apple is their financial standing and overall health. It’s astonishing the members on this thread that think Tim should be more personable about this issue or provide more perspective on the situation at hand, but his main core purpose with Apple at the end of the day is their overall standings/ yielding results.
Yet it somehow managed to kill the otherwise healthy 33 year-old Dr. Li Wenliang, who would've had access to the highest quality of care available in China.
Incidentally, he was also the one who was outspoken in warning people and calling for a greater response initially because of the potential seriousness of the virus, and a greater openness from the central government. Funny that, eh?
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Quarter Swede, thanks for the reasonable comment. Not sure which one is scarier, the pandemic unraveling or the way people downplay this issue in this forum.
Folks, it is medically justified to be concerned about something that is highly contagious, has a long incubation period, can infect younger folks too (median age is 45 per some studies), has a high mortality in those with risk factors as banal as hypertension, diabetes and age >50, can cause severe lung damage. On top of that it can reinfect people. Per some sources, reinfection is also associated with a more aggressive disease course and higher mortality. If you ask anyone who took care of patients in an ICU they'll tell you how serious it is when someone needs to be intubated for respiratory failure and what long-term ramifications it entails to be on a ventilator for weeks. Add the fact that a pandemic can exhaust ICU level resources, which are limited and hella expensive.. If ICUs get saturated, death rate jumps from 2.3% to include everyone in respiratory failure. While hopefully we'll not get to this point, there is a good reason to be cautious and nip this epidemic in the butt, rather than deal with the chain reaction.
“Reality is that which, when you stop believing in it, doesn't go away.” - PKD
*edit for grammar
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Could you provide the “facts“ that says he is wrong? From the data available, new cases has been dropping quickly in the past couple of weeks and most provinces has not seen new cases at all.