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Economies in Asia will have to brace for a tough year ahead as China deals with an outbreak, analysts and officials warned as travel restrictions hit.

The decision comes amid an outbreak that Chinese officials said has already claimed more than 100 lives in China and infected more than 4,500 in the country.

Most reported cases are in mainland China, where authorities have quarantined several major cities and canceled Lunar New Year's events.

San Antonio Spurs assistant head coach Becky Hammon said Kobe Bryant inspired her during her playing days in the WNBA, adding the basketball legend appreciated the women's game.

Honda and PSA Group are evacuating employees from Wuhan, China, while several automakers consider suspending production.

CNBC's Jim Cramer warns that the bond market could have a negative impact on the banking sector. He gives a list of stocks worth buying off the coronavirus-induced market sell-off.

"Don't panic. It almost never makes sense to sell right into the maw of a big freakout like this one," the "Mad Money" host says.

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

"Lately both companies have been encroaching on each other's turf," CNBC's Jim Cramer says.

"Lower long-term rates translate to lower earnings for the banks, which is why they've been coming down so hard," CNBC's Jim Cramer says.