Quarantines and social. Now becoming the norm streaming sites like netflix have seen their viewership skyrocket but could this traffic pose a problem amid efforts to combat cope with 19 we have a jam packed show today so lets go and dive right in. And markets throughout the west have bounced back lightly after taking a drubbing this week in the u. S. President donald trump is continuing to say hes working to stabilize the economy but working with congress to provide major additional relief to the workers Small Businesses and the hardest hit industries we want to make sure that everybody is able to continue on so that when we recover all of these companies and these. Great business is very very small and very very large its not going to be broken up and you have to put it back together that would take a long time and in europe most indices closed up around 3 percent after the europeans. Announced a 750000000000 euro package to mitigate the Economic Impact of the coronavirus meanwhile oi
Downloaded a ventilator manual and taught employees overnight how to repair ventilators. They then set up an Assembly Line and went to work. A week ago none of us knew anything about ventilators other than we knew what it was being used for, okay . But at the end of the day, here is what we knew. Manufacturing is in our dna. Innovation is in our dna. One treatment that we know works are ventilators. So we need more of them. Reporter the ventilators theyre working on are expired or out of warranty. A company has already delivered 80 ventilators to the state to be dispersed at hospitals, and today alone employees are inside working to prepare 120 more. And the companys facility back east is also working to refurbish ventilators. So this really is Silicon Valley innovation at its best during a real time of need. Terry . Thanks so much. The demand for ventilators continuing to rise. Governor newsom saying icu and hospitalization skyrocketed overnight. Newsom says icu numbers spiked 105 ove
European central bank announced a 750000000000. 00 euro package to mitigate the Economic Impact of the coronavirus meanwhile oil rebounded more than 20 percent after reaching the lowest level in 18 years this was the best day on record for oil there of course huge year to date losses still here there is so much to get the lets bring in who must cohost christiane who joins us from Los Angeles Christy what is happening in markets today. Well brant the 1st sentiment every morning still seems to be to sell everything although this morning was the 1st time in a week that there was no overnight limit up or down trying to hold in the s. And p. Futures perhaps it is the case that systematic funds now have little left to sell nearly 2600 of the 3100 and why ac. Names are currently on the short sell restricted list and were now approaching quad witching friday tomorrow which has historically resulted in increased volatility so the question is what did that people sell into well at the center of
The virus out fear is contagious work is under quarantine containing the disease is a tremendous challenge a highly networked world. Going viral will a new type of Infectious Disease dramatically change the way we do business. Its globalization covert 19 to spread around the planet at such incredible speed but now the whole concept of globalization itself is ailing the outbreak has brought Global Supply chains to a standstill including the most important one during a pandemic medical supplies and pharmaceuticals a serious example illustrating just how dependent the entire world has become on just one economy by far the biggest player in the Global Supply chain china and now countries around the world are concerned about shortages and. This pharmaceutical wholesaler currently has 130000 different medications stored in its warehouses its appliance pharmacy across germany. So what about. The main concern is that many pharmaceutical products and active ingredients are produced in asia what
Thats important to all of us that are here and so many of our colleagues. Information is power today, and we see it all over the globe when its used improperly it is used as a weapon. Democracy requires wellinformed electorate to function properly but to undermine the principle through socalled Disinformation Campaigns designed to mislead voters and in doing so delegitimize the democratic elections. Actors like russia systematically exploit the media and to distort the truth to an unsuspecting populace with regards to the coronavirus and this information is being spread is a high degree and anonymous and again if left unchecked it could be devastatingly effective. I established this organization it could help lead to the global disinformation effort and work with International Partners. The Bipartisan Legislation within the state department is now the law and to get it up and going we will hear more about that today but we are pleased that we are making progress. They lead, synchronize