World stocks tumbled overnight with investors bracing for the economic fallout of the epidemic, with a shocking all-out oil price war adding to anxiety.
London's FTSE 100 plunged to a three-year low as Wall Street was preparing for a bloodbath Monday after oil prices cratered by 30 percent overnight.
Meanwhile, more than 16 millions Italians are under an unprecedented lockdown, with their movements restricted, to curb the spread of the virus. More than 6,300 people have been confirmed to have the virus in Italy so far while Germany and Spain also saw spikes in the number of cases Monday.
The number of confirmed U.S. cases of coronavirus has risen to more than 550 Sunday, including 22 deaths.
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New York's Fordham University cancels in-person classes
Fordham University said Monday that all face-to-face classes would be canceled as of 1 p.m. ET amid the coronavirus outbreak.
The university, with three campuses in New York — including its main one in the Bronx — said in a statement that in-person classes were cancelled "until further notice."
"Though this is an undeniable disruption of the academic enterprise, we feel that it is the best way to minimize the risk of spreading the virus within the campus community," the school said.
Residential students were "encouraged to return home immediately," but one dining hall will stay open at the school's Bronx and Lincoln Center campuses for those students who cannot.
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Trump compares coronavirus to flu
President Donald Trump on Monday morning continued to downplay concern around the outbreak of the new coronavirus in the U.S.
In a tweet, Trump compared coronavirus outbreak numbers to annual flu deaths. Health experts have warned such comparisons can be problematic because the flu is reasonably predictable while much is still unknown about the new coronavirus and COVID-19, the disease it causes.
Scientists are still working to get a more complete picture of the virus including its mortality rate.
Just before Trump's tweet, health secretary Alex Azar appeared on Fox News and said "nobody is trying to minimize" the threat of the new coronavirus.
Public interest in coronavirus spikes, according to Google Trends
Public interest in coronavirus is reaching levels that dwarf other major events of the past decade, according to data from Google Trends.
Google is able to see what people on its search engine are looking for, making it a useful indication of public interest. And according to its data, coronavirus searches have spiked considerably — and could make even the amount of searches for major figures such as Barack Obama and Donald Trump look small in comparison.
"I've said this before, but the amount of interest in the coronavirus is just unreal," Washington Post data reporter Christopher Ingraham said on Twitter. "I've never seen anything like it. Shaping up to be the biggest story in Google trends history."
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