People. Empty store shelves becoming the norm this morning. Amazon to hire a hundred thousand workers and Major Grocery chains adding jobs as well to keep up with demand as well. More countries closing borders. Things have reversed course and dow industrials showing decline of 96. Nasdaq up 29 but s p is are youer by 12 and a half after dow, nasdaq and s p 500 had biggest oneday point loss in history. It was 13 in a day. 12 and a third percent and the s p gave up 324 points yesterday, 12 , yeah, quite a day on wall street. Primary day on ohio. Voting still taking place in arizona, florida and illinois. Mornings with maria is live right now. Maria we want to check Global Markets this morning, asian markets were mixed overnight. Remember, we did have a pretty good upswing at the end of the day coming off of the lows and into the premarket, this morning we had rally and that reversed. In china, the shanghai composite down third a percent. Oil prices rising after hitting new 52week low yes
And rosemary in just a moment, but first overnight the bay area saw a slight jump in coronavirus cases adding 136 more cases totaling now more than 1600. Santa clara county has seen the biggest rise in cases to 591 just yesterday the county announced five more deaths along with 17 new cases. And map here shows the breakdown county by county. Other areas seeing a double digit increase. Our San Francisco, alameda, and Contra Costa County could face a shortage of ventilators if the virus epidemic continues to grow. The state already had 4200 devices that helped seriously ill paces patients. More than 1000 of the ones on hand to not work. Bloom energy if one of about 350 Companies Offering the state help with medical equipment and supplies. The ceo says until this week the staff did not know how they work, but everyone is gearing up to refurbish those old ventilators. Manufacturing is in our dna, electrical, chemical, floor devices, we understand the mall. How difficult can it be . Company
Issue, a major change in the system for manufacturing pharmaceuticals. The implications of one country and the supply of medicines were astounding no matter what country we may be talking about. Think about it. What if there is a Global Pandemic and its hard to lose products across the world. But if there are heightened tensions within the South China Sea. Everyone could be vulnerable and put at risk. The role of the fda in this situation cant be overstated because the fda cannot be as effective in assuring the safety of the medicines and areas of the world as it can at home. Many of us are not aware of the safe debate co facetoface contact that the fda has with those that are manufacturing our drugs, the inspections they conduct, the very handson work that is involved in making sure that the manufacturers drugs are safe. They certainly set up offices all over the world to do that and that is not the same as having offices, having manufacturers in your own country. And with the u. S. L
10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Federal Reserve swept into action yesterday, cutting it
Systematic issue a major change in the system for manufacturing and delivering pharmaceuticals. The implications of one country controlling the supply of medicine are astounding. No matter what country we may be talking about. Think about it, what if there is a Global Pandemic and its hard to move product across the world because of that . What if there are heightened tensions within the South China Sea, everyone can be vulnerable, everyone could be put at risk. The role of the fda in the situation cannot be overstated because the fda cannot be as effective in assuring the safety of our medicines and force long areas of the world as it can at home. Many of us are not aware of the facetoface contact that the fda has for those manufacturing our drugs. The inspections they conduct. The very handson work involved in making sure the manufacture of drugs is safe. They certainly set up offices all over the world to do that but that is not the same as having offices carrying manufacturing in y