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U.S. COVID-19 cases surge

Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Anjalee Khemlani discuss the latest on the coronavirus outbreak.

影片文字紀錄

ALEXIS CHRISTOFOROUS: Now let's get the latest on the coronavirus itself and also some issues that Chinese factories are having now that they're beginning to be up and running. Anjalee Khemlani, joining us for the latest on that. Anjalee.

ANJALEE KHEMLANI: Thanks, Alexis. Yeah, so we know that the numbers are-- we passed half a million yesterday, which was a new unfortunate milestone in this outbreak globally. The death count is now close to 25,000 worldwide. We know that Italy is, in fact, leading that number and it has far surpassed the numbers that China had first reported. More than 8,200 deaths in Italy alone.

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Meanwhile, the US surged past China yesterday in terms of total case count, now nearing 86,000. And we know that that number is only set to grow as we see more testing done around the country. New York City itself is about a quarter of that number, with 23,000 cases reported.

We do know that, as you mentioned in China, what is happening is sort of a tug of war, if you will. Initially we were concerned about the incoming products and supplies from China when they were hit with the virus. Now it's a reversal, where because everything else in the world has shut down, Chinese factories are, in fact up and running. But they are not seeing that demand. That demand has dried up. And they're getting calls for orders to be on halt, canceling, et cetera.

So this speaks to what a lot of health experts have been talking about, which is if you don't wait out the virus, you might have this sort of impacting in the US as well. Where we would see the sort of ebb and flow of business and of interaction.

So it's really important to remember that and to see how this all plays out as we hear more and more discussions about possibly opening up pockets of the country or whether or not a national lockdown will, in fact, take place. Alexis.

ALEXIS CHRISTOFOROUS: And Anjalee, on the health care front, we know that ventilators are badly needed. Necessity is the mother of invention time and time again. We're now seeing that billionaire James Dyson of the Dyson Company has found a way to make these ventilators in a more rapid way. What do we know about that?

ANJALEE KHEMLANI: That's correct. They have found a way to come up with faster prototypes. But when pressed on the timeline, they have in fact followed the same sort of response that we've seen from other manufacturers, which is, these are complicated devices. And it is unlikely that they're going to be able to get a product out very quickly in terms of to the market.

But for right now, we do know that they do, in fact, have a prototype. We've also heard from 3M, and GM, and Ford as well. Just a bunch of these companies coming together. Tesla as well talking about being able to retrofit certain parts for other products and trying to make these ventilators. So that's what we're seeing coming out of the UK as well.

So it's going to be interesting to see how quickly they can come to market. Because we do know that hospitals and health systems are in a crunch right now. And so if they cannot produce those in time, it's not going to really help in the long run. Unless you're talking about seeing a further spread. So as of right now, it's great to hear this news. But it doesn't actually help frontline workers today.

ALEXIS CHRISTOFOROUS: All right, Anjalee Khemlani, thank you for the latest there.