Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

MWC 2020 canceled over coronavirus health concerns

theverge.com

Post reply on HN
Print view View original

131–140 of 195 posts

Re: MWC 2020 canceled over coronavirus health concerns

#131

Post by _-___________-_ »

ulfw wrote: post #8
ghaff wrote: post #7

Earlier quoted context omitted.

Tons of things have been canceled in APAC generally. MWC was arguably at least somewhat unique among shows in the Americas and Europe because of the combination of its size, the large Chinese presence, and timing. So far other events I'm aware of over the next couple of months are still on though, of course, that could change.

I wonder if there will be an impact on Google i/o and Apple’s WWDC. Especially when it comes to Asian visitors.

One problem with MWC is that tons of exhibitors & speakers would be traveling there from Asia, including from China. Google and Apple's events can still go ahead with fewer visitors (or a different set of visitors), but MWC would have to adjust quite a lot about the event itself if companies from Asia don't send their people.

Re: MWC 2020 canceled over coronavirus health concerns

#132

Post by _-___________-_ »

lozaning wrote: post #11
clement_b wrote: post #4

This is a very sad news for the city of Barcelona and for everyone involved in organizing or exhibiting. But that was the right choice. I'm wondering what's next to be cancelled.

F1 Chinese GP was announced as being canceled/rescheduled today. Interesting that they're canceling events that are scheduled that far out, it wasnt supposed to happen until April 19th.

It takes months to set that up, and crews would be coming from all over.

Re: MWC 2020 canceled over coronavirus health concerns

#133

Post by Ballu »

What I heard, insurance coverage played the big role. Seems like, in US, insurance companies are able to find exclusions for this scenario on foreign land. This is the text shared by one: "..Your travel & health insurance could contain exclusions to pandemics since the regional insurance industries can't measure the amount of risk. The insurer might defer to apply broader exclusions...."

Re: MWC 2020 canceled over coronavirus health concerns

#134

Post by baxtr »

creaghpatr wrote: post #26
clement_b wrote: post #4

This is a very sad news for the city of Barcelona and for everyone involved in organizing or exhibiting. But that was the right choice. I'm wondering what's next to be cancelled.

Olympics are this summer, could be at risk if it hasn't been contained by then, especially given the proximity of Japan to China/mainland asia.

Summer is not a good time for a virus since the don’t survive Heath and the sun so well.

Re: MWC 2020 canceled over coronavirus health concerns

#135

Post by aza05001 »

_-___________-_ wrote: post #129
mantap wrote: post #122

Earlier quoted context omitted.

> The coronavirus has caused a lot of setbacks but it's only a short term problem We hope it's only a short term problem. It's far to early to say if this outbreak will be contained somehow, if it will continue into the summer, or if it will go away for the summer and come back in the winter again like the flu.

Containment seems to be working pretty well, if you compare the dynamics of it in China (and on the quarantined cruise ship) to the dynamics of it everywhere else.

Containment in China is not going well. Other countries containment + quarantining China is going well.

Re: MWC 2020 canceled over coronavirus health concerns

#136

Post by totalZero »

OldOneEye wrote: post #13

While I feel sorry for the people that put the energy to make this happen and also for the people that may lose their jobs this month over this, as a native inhabitant of Barcelona, I can only celebrate the news, even if it is for this terrible reason. When MWC is ocurring in Barcelona, public transport (subway) goes on strike (because of the maximum impact). But usually this only fucks over non MWC attending people,…

You never really know what you've got till it's gone. A hundred thousand visitors eating, drinking, commuting, sightseeing, dwelling, and flying about in your city in a short period of time.....for many cities that would be a welcome occurrence (apart from the traffic woes).

It's about $500m Euros of revenue, and I saw an estimate of something like 15k part-time jobs due to MWC. No small thing.

Re: MWC 2020 canceled over coronavirus health concerns

#137

Post by JohnJamesRambo »

buboard wrote: post #69
justinzollars wrote: post #2

I just can't understand why the stock market keeps going up.

where would you take your money when interest rates are negative? (also how do you avoid a crash when interest rates stop being negative)

Bitcoin, Ethereum.

Re: MWC 2020 canceled over coronavirus health concerns

#138

Post by totalZero »

justinzollars wrote: post #2

I just can't understand why the stock market keeps going up.

1Y Treasuries are yielding around 1.5% right now, while the S&P has rallied 22% in the past year. If you were to park your money somewhere, you would at least consider equities.

The Fed ought to be smoothly unloading some of its balance sheet or otherwise increasing rates, but Mr. Trump doesn't seem too happy about that prospect. Most of the Americans who support him seem to think the Dow Jones is a report card for the economy. Mr. Trump has publicly badgered Powell regarding rate hikes in the recent past.

It definitely feels like people believe the market is going to get even more euphoric, in which case one is tempted to be long in order to ride the bubble all the way up.

Re: MWC 2020 canceled over coronavirus health concerns

#139

Post by totalZero »

testfoobar wrote: post #63
justinzollars wrote: post #2

I just can't understand why the stock market keeps going up.

No clue about the stock market. But here is some interesting real-time traffic congestion data plotted with 2019 averages for cities. Gives a sense of how many people are going back to work. Scroll down and click "Last 7 days" Notice SF & London are trending with 2019 averages: SF: https://www.tomtom.com/en_gb/traffic-index/san-francisco-tra... London: https://www.tomtom.com/en_gb/traffic-index/london-traffic Then co…

This is amazing data...I never knew this was available. Thanks for sharing. What a totally dramatic falloff in the Asian cities.

Re: MWC 2020 canceled over coronavirus health concerns

#140

Post by robjan »

mantap wrote: post #122
robjan wrote: post #116

Earlier quoted context omitted.

Stock prices are (generally speaking) about the sentiment of the long term performance of a company. The coronavirus has caused a lot of setbacks but it's only a short term problem. As long as a company can survive this short term loss of productivity there is no need for the stock valuation to be lowered.

> The coronavirus has caused a lot of setbacks but it's only a short term problem We hope it's only a short term problem. It's far to early to say if this outbreak will be contained somehow, if it will continue into the summer, or if it will go away for the summer and come back in the winter again like the flu.

Even if it takes longer, it's not permanent. Most components of the SP500 and other indices are not going to be bankrupted by this.
Post reply on HN