The disruptions are the latest blow to Europe’s car makers, which are struggling with weak global demand and high costs of meeting the region’s tough emissions targets.

About three-fourths of the 50 U.S. states have now reported infections. The slow pace of rolling out kits and testing capabilities means that policymakers will have little concrete evidence about the extent of the U.S. outbreak ahead of next week’s meeting.

“I am talking extensively to epidemiologists and healthcare experts across the country…to try and interpret what we are seeing and what we are likely to see,” Dallas Fed President Robert Kaplan said in Chicago last week.

“In the past two weeks the number of cases outside China has increased thirteenfold and the number of affected countries has tripled,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus said at a press conference at the organization’s headquarters in Geneva.

“In the days and weeks ahead, we expect to see the number of cases, the number of deaths and the number of affected countries to climb even higher.”

Organizers have been pushing a consistent message that the Games would not be canceled or postponed but sponsors who have pumped in billions of dollars have grown increasingly nervous about how the coronavirus outbreak will impact the event.

The bonds were issued to raise money to help poorer countries respond to a pandemic. Boston-based private company AIR Worldwide Corporation determines whether a trigger event has occurred, based on an outbreak meeting a list of criteria in areas such as geographic spread, rate of growth and number of deaths.

After triggering confusion by suggesting that “trade and cargo” from Europe would also be banned, Trump was forced to clarify his statement with a tweet moments after the speech that “trade will in no way be affected” by the travel restriction.

“The restriction stops people not goods,” he said in the tweet.U.S. stock futures ESv1 slid further as the president spoke, down more than 4% and signaling another day of losses awaits Wall Street.

Indian equities, which are also hit by a turmoil at private sector lender Yes Bank, saw an outflow of $1.7 billion. Indonesian and Philippine equities witnessed the least amount of foreign fund outflows, with just about $108 million and $65 million, respectively

“Investors are trying to look for any signs that there is light at the end of the tunnel,” said Adam Sarhan, chief executive officer of 50 Park Investments in New York.