Coachella has been postponed.
In regards to the mortality rate, we don't have great information yet. The best right now is probably from South Korea which has decent medical care and has significant testing. The mortality rate (deaths compared to diagnosed cases ) is 0.6%. My guess is the % compared to contracted cases is significantly lower and closer to the regular flu, as many people may have contracted the virus and not reported it or had it diagnosed.
Also of note, the average age of people dying in the US from the virus is 80 years old.
I understand being cautious, but I do think that there has been a big overreaction to the situation.