, even as hundreds of factories in China plan to remain shuttered until at least mid-February, though it's possible that these closures could last for much longer if Beijing fails to get its arms around the outbreak.

"At this point, we haven't seen big issues with regards to supply chains amid coronavirus outbreak,"  Mnuchin told FBN.

Be advised: when it comes to global supply chains, the outbreak is already wreaking havoc. But with stocks back at record highs, markets appear to be shrugging off this risk.

Holding on to Apple Despite Supply Chain Concerns: Crossmark Global

Yesterday, we reported that Foxconn, the most important Apple supplier which oversees the assembly of most of its iPhones, won't restart production until late February, at the earliest.