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All times below in Beijing time.
7:50 pm: Chinese officials confirm death toll rises to 170
China’s National Health Commission confirmed an additional 38 deaths and 1,737 new cases. Officials said that brings their total to 170 deaths and 7,711 cases, as of the end of Wednesday. They also said 170 people had been cured and discharged. The NHC said the new cases announced Thursday include the first one confirmed in Tibet.
6:35 am: Health officials report 37 additional deaths, 1,032 cases in Hubei province
Early Thursday, health officials confirmed an additional 37 deaths and 1,032 cases in Hubei province, the epicenter of the coronavirus outbreak. Through the end of Wednesday, Hubei authorities said they confirmed a total of 4,586 cases, 162 deaths and 90 cured people so far in this outbreak.
6:01 am: Peter Navarro says the US will keep tariffs on China even if the outbreak starts hurting growth
White House trade advisor Peter Navarro pushed back against the idea that the U.S. would remove tariffs on Chinese imports if the outbreak begins to weigh on China’s economy. He told “Closing Bell,” “That’s a spin that’s coming right out of Wall Street.” Navarro made those comments in response to CNBC’s Carl Quintanilla who asked whether a tariff rollback was on the table if China honored the terms of the “phase one” trade deal but started to see its economy hurt by the coronavirus.
5:52 am: Companies announce temporary shutdowns and other plans amid outbreak
3:56 am: Powell says Fed is ‘monitoring’ coronavirus, but won’t speculate on economic impact
Federal Reserve Chairman Jerome Powell said the U.S. central bank is keeping a close watch on the outbreak.
“It’s a very serious issue and I want to start by acknowledging the significant and considerable human suffering that the virus is already causing,” he told reporters at a press conference, adding that it’s too early to speculate on how it might impact the global economy. “There is likely to be some disruption to activity in China and possibly globally based on the spread of the virus to date and the travel restrictions and business closures that have already been imposed.”
Read CNBC’s coverage from the U.S. overnight: Outbreak is ‘grave concern’ as infections spread beyond China
— CNBC’s Riya Bhattacharjee, Berkeley Lovelace Jr. and William Feuer contributed to this report.