New York City confirms first case, Europe raises risk level

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• Total confirmed cases: More than 89,100
• Total deaths: At least 3,040

The New York Times Company says it’s seeing a slowdown in advertising bookings due to “uncertainty and anxiety” caused by the coronavirus, according to a regulatory filing. The company said it has “begun to see see some economic impact” from the virus. The New York Times Company’s CEO and President Mark Thompson plans to comment on the virus’ impact Monday morning at the Morgan Stanley Technology, Media and Telecom Conference, the filing says. —Graham

New York state and city officials are holding a press conference scheduled to start at 9:45 a.m. ET Monday to update the public on the state’s first coronavirus case. New York officials confirmed on Sunday the infection, which is also the city’s first case. The woman, who’s is in her late 30s, had recently returned from Iran and is currently isolated in her home, officials said. Watch the live press conference here. —Feuer

President Donald Trump will hold a meeting with pharmaceutical companies at the White House today on COVID-19. “They’ll be coming to the White House, and we’re talking about a vaccine and developing, very quickly — and they’ve already started working on it — developing, very rapidly, a vaccine for the virus,” Trump said during a press briefing Sunday. Sanofi, which is working on a potential vaccine, is confirmed to attend. U.S. health officials, in collaboration with drugmakers, are fast-tracking work on a potential vaccine for the virus, hoping to start human trials in five to six weeks. There are currently no proven therapies for the latest outbreak. —Lovelace

A member of a council that advises Iran’s supreme leader died after falling sick from the new coronavirus, state radio reported, becoming the first top official to succumb to the illness striking both citizens and leaders of the Islamic Republic. The death of Expediency Council member Mohammad Mirmohammadi, 71, came as Iran announced the virus had killed 66 people among 1,501 confirmed cases in the country. In two days, the number of confirmed cases has more than doubled, showing the spiraling crisis of the outbreak as Iran says it is preparing to mobilize 300,000 soldiers and volunteers to confront the virus. Iran has the highest death toll in the world after China, the epicenter of the virus that causes the illness called COVID-19. —Associated Press

Summer vacations could be off the table this year as tourists put off traveling to avoid catching the new coronavirus. Demand for international travel has taken a downward turn amid the outbreak, which has seen the virus spread to at least 60 countries. Ian Harnett, co-founder and CIO of investment research firm Absolute Strategy, warned a prolonging of the crisis could seriously impact the global travel sector. “If this gets extended, we’re talking about the impact on Easter holidays, potentially summer holidays, (and) whether the ‘staycation’ becomes the default for all of us here — that’s going to be tremendously damaging to these industries,” he said. —Taylor

Target has canceled its in-person analyst and investor meeting in New York City amid concerns about the coronavirus outbreak. The Minneapolis-based retailer’s meeting was scheduled for Tuesday in midtown Manhattan. Instead of holding the event, Target said executives will present fourth-quarter results and answer questions by webcast. In an email, a company spokeswoman attributed the change to “the rapidly evolving situation regarding the coronavirus.” —Repko

Mayor Ron Nirenberg blasted the the Centers for Disease Control and Prevention for mistakenly releasing a COVID-19  patient who was quarantined near San Antonio, saying it was unacceptable. “We will hold the CDC accountable to providing complete transparency for the public,” Nirenberg said in a statement Sunday. “This situation is exactly why we have been asking for federal officials to accept the guidance of our medical community.”  —Kopecki

The U.S. Federal Reserve is likely to join other global central banks in cutting interest rates aggressively in response to the coronavirus scare, Goldman Sachs economists said Sunday. With fears over a global slowdown intensifying, the Fed likely will announce a 50 basis point cut at its March meeting, if not sooner, the firm said. In all, Goldman sees the Fed cutting 100 basis points this year, which is an increase from just Friday, when it saw a cut of 75 basis points. —Cox

The president of the European Commission said Monday that the European Union’s disease prevention agency had raised the bloc’s risk level to high, as the coronavirus continues to spread. Ursula von der Leyen told a news conference in Brussels that the European Center for Disease Prevention and Control had raised its risk level up from moderate, with more than 2,100 cases of coronavirus confirmed in 18 of the 27 EU states. EU Health Commissioner Stella Kyriakides confirmed Monday 38 EU citizens had died as a result of the flu-like virus. —Meredith

Iran’s health ministry said the total number of patients infected with the coronavirus climbed to 1,501 with 66 deaths nationwide, Reuters reported citing state television. Iran is at the epicenter of the outbreak in the Middle East, having recorded the highest number of coronavirus fatalities outside China. —Meredith

Iceland has confirmed three more cases of the coronavirus, with India and Iraq also reporting two additional infections on Monday. Iceland’s Department of Civil Protection and Emergency Management confirmed Monday that three patients had tested positive for the flu-like virus over the weekend. All of them had recently spent time on holiday in northern Italy — the epicenter of Europe’s outbreak. Meanwhile, India reported two further cases of coronavirus, taking the country’s toll to five. One of the new cases was in New Delhi, while the other was in Telangana, the government said. Elsewhere, Iraq’s health ministry said Monday that two people had contracted the flu-like virus, bringing the total number of cases in the country to 21. —Meredith

Nike’s European headquarters in the Netherlands will remain closed Monday and Tuesday after an employee was found to have contracted the coronavirus. “Out of an abundance of caution, we are conducting a deep cleaning of the EHQ campus,” Nike said in a statement to CNBC, confirming it was aware of an employee coronavirus case. “All EHQ buildings and facilities will be closed until Wednesday.” Approximately 2,000 Nike employees from 80 countries are estimated to work at the site. As of Sunday, the World Health Organization had confirmed seven cases of coronavirus in the country, with no deaths. —Meredith

Read CNBC’s coverage from the Asia-Pacific overnight: Seoul mayor sues South Korea church group, Iran cases exceed 1,500

— CNBC’s Megan Graham, Chloe Taylor, Noah Higgins-Dunn, Melissa Repko, Sam Meredith, Jeff Cox, and Weizhen Tan contributed to this report.