US futures point to higher open on Wall Street with virus and earnings in focus

, after China's National Health Commission on Monday night said the death toll had risen to 1,016 people with 42,638 confirmed cases.

However, fears over the economic fallout from the outbreak have been offset by positive economic indicators. Both thePresident Donald Trump unveiled hisfor the coming fiscal year on Monday, drawing rebukes from congressional Democrats over its plan to cut Medicare, Medicaid and Social Security despite the president's repeated promises to protect them.

The budget proposed $150 million to create a U.S. uranium reserve in order to aid ailing producers, along with a $25.2 billion budget for NASA, the agency's largest in decades.

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