♪ emily: welcome to "bloomberg technology." i am emily chang live in san francisco. arkets rebounding on hopes of vaccine candidate. tens of thousands of rapid response coronavirus testing kits about the market. president trump extended social distancing guidelines for at least another month. health experts around painting a dire picture of what is ahead.

dr. anthony fauci saying the 100,000rus could claim 200,000 american lives. i want to take a dive on what happened in the markets today. we will bring in our "what'd you miss?" cohost romaine bostick. talk us through the upward move today. the market is trying to front run any rebound not only in economics but with regards to the health issues. we saw the price into the market over those three days last week. the rally resuming today. they, primarily a lot of health care names, medical supply companies like cardinal , as didnd mckesson consumer staples names like mccormick, the spice maker.

interesting story in the tech space. the idea that a lot of things large-cap tech names offering the yield play that you will not get out of the traditional drivers. when you have 10 year yields that continue to hover below 1%, dividend yields on these large-cap tech names. balanced cash sheet. you start to get this kind of optimism. some of these second-tier companies. autodesk rising 10%. other software and services. supply a lot of

our infrastructure. starting to anticipate that once we get the economic recovery, there will be a structural shift for how people like you and me do business and it will benefit a certain cadre of companies. those are the companies that moved higher today. emily: i want to bring in jonathan hurdle. 20-plus billion dollars. what is your outlook to how long and deep the recession will be? jonathan: we know there will be high ground on the others of this valley. we don't know how deep or wide it is. in china, they have been able to lock down faster and harder. that is just the nature of their society. we are not looking at a time so much as depth or price.

we have a notion of where we would be natural buyers and where we will be trimming stocks. emily: you heard romain talking about big tex. up.book up, even amazon what is your view on big tech in particular? jonathan: we are chief investment officer's, so we are looking at long-term returns. mentioned that interest rates for the 10 year treasury is about 0.7%. the alternative is very low. when interest rates are low, that is worth more. that helps growth stocks. at the same time, there is no not ain the world that is good investment at some price and there is no asset that is a

good investment at any price. clearly, technology is part of this global story. globalization fueled by unprecedented transformation around the world. we have got to be careful about price. we are in this range right now between about 2200 and the 800. -- and 2800. when we get to higher levels, we are thinking about what might go wrong. as a chief investment officer, you are trying to keep people between the extremes of euphoria and despair. we are trying to use this fluctuation in the market to re-position the portfolio for the next decade. romaine: a lot of the normal things we rely on, the valuation multiples, correlations, mean reversions, those things do not

necessarily apply, at least in this moment. if you are looking for opportunities, you think something is cheap, how can you have any comfort in the idea that the price you are putting on this is a fair value? jonathan: you cannot be certain. of where fairse value is. if it is around fair value, you want to accumulate. this is a time to be looking at individual names. some of the names that emily mentioned, stocks that have generally felt to be expensive. these are the times when people want to step up and own individual names, or higher managers, sove that we are shifting money away,

not necessarily shifting the stock-bond balance, more of that stock money into individual names. the biggest issue has been and remains very low interest rate. they: interesting on individual names recommendation. le and romaine bostick, thank you. coming up, we will talk with they try toking as navigate. the cofounder of paypal. also, we will take you to the rose garden where president trump is expected to speak any moment. this is bloomberg. ♪

♪ emily: the coronavirus pandemic has created a seriously distressed credit market in the united states, leaving consumers struggling with their finances during that time. a firm works with customers to allow them to pay for certain discretionary items in monthly installments. i am bringing in the cofounder and ceo of affirm. of course, also, the cofounder of paypal. first of all, nobody knows how this is going to play out. ceo, have to be making certain assumptions about what the economy is going to look like.

what is your operating consumption -- operating assumption in terms of how long this gets for the tech economy and the economy at large. >> i think you are totally right. is important to prepare. my assumption has been that there will be eight fairly severe shock in the short term as millions of people find themselves furloughed or unemployed. that is what we have to be prepared for. the state unemployment was banks were very well capitalized.

general, -- my current operating theory is, as we get control of the virus and figure out how to operate as normal comedy recovery will be relatively swift. bottom line, i think it is going to hurt for a while, then recover. trump extendedt social distancing guidelines until the end of april. to scott last weekend he said it could be six months before his employees are back in the office full-time. how long do you think your employees will be out of the office for an what are you preparing for?

max: we have been very lucky -- it is very difficult to go into work from home mode. team, my i.t. and operations teams stepped up and moved mountains to help a large in our offices to working from home. right now, we are to stay in this mode. we are prepared to go as long as i am certainly a big believer in social distancing. mustat sense, if we stay-at-home longer, we will. i think we are quite prepared. ec.ly: max, hang on a s

i have to get to the rose garden where president trump started speaking. pres. trump: challenging times are ahead for the next 30 days. these are a very vital 30 days. we are sort of putting it on the line. so importanto get back. the more we dedicate ourselves today, the more complete we will emerge on the others of the crisis. the more we commit ourselves now, the sooner we can win the fight and returned to our lives. they will be great lives. historic reached an milestone in our war against the coronavirus. more than one million americans have been tested, more than any far, and tested accurately. ar toto ask secretary az

come up and say a few words about the fact that we have now reached substantially more than one million tests. sec. azar: thank you, mr. president, for your leadership in marshaling all the resources in this unprecedented testing effort. thank you, mr. vice president, for leading a whole of economy approach. more than onetes, million samples tested, a number that no other country has reached. we are now testing more than 100,000 samples a day, also it level that no other country has reached. i want to thank every partner involved in this effort. that includes all of the men and women of the fda and cdc. they have worked to balance the need for testing on an

aggressive scale with the scientific rigor that americans expect. working with our testing coordinator, they have now truly unleashed the ingenuity of the private sector in our state and local leaders. i want to thank those state and , making it much more accessible to the americans who need it. i want to thank fema, who we are working with closely to get state and local partners what they need. giving health care fighters unprecedented -- has ensured can be paid for. scientists have worked day and night to develop as of today 20 million testing options.

number of options is growing nearly every day. fda has also opened up new options for available tests. i also want to thank fda and other opponents at hhs. worked tond, we secure 30 million tablets from sandos and one million tablets from bayer of hydroxychloroquine and chloroquine. we have secured machines that 95n sterilize thousands of n- masks every day. pres. trump: i would like to ask , fda.hn to come up we have some really good stuff. first of all, the numbers have

been incredible on testing. in the days ahead, we will go even faster. l have something from abbott abs, which is right here. veryis a five-minute test, accurate. we talked about the chloroquine and hydroxychloroquine right now. we have that now under test. the fda allowed us to do that. it was a rapid approval. this was the first one on the line of the five-minute test. leadershipu for your i am very proud of fda working

the last few months. appreciative of the willingness to work with us quickly to develop and distribute these tests. we have had a significant addition to testing with the point-of-care tests. the test the president pulled out of the box. it gives you a result where you are getting care. this is truly a patient centered approach, whether it is the doctor's office, the hospital, the emergency room, urgent care center, or a drive-by testing site. just like test for flu or strap, you can get an answer within minutes of getting this test done. these are available around the country. they are planning to scale up a number of tests that can be put out.

then, an appropriate plan of treatment can be given. normally, these tests take months to develop. told me that normally this is a 9-12 month approach. they did this collaboration with the government within weeks. abbott has shared they will be delivering these tests tomorrow and then we will be ramping up. the other point here is that habit and fda worked together to make sure we had a fast, reliable, and accurate test to market. the. trump: so, pharmaceutical company has been

working with us very closely. mentioned, 30 million doses of hydroxychloroquine. and bayer has delivered one million doses of chloroquine, which will soon be delivered to states and state health officials. 6 million doses of hydroxychloroquine to u.s. hospitals. , reallyprivate sector amazing. we will introduce you to some of the greatest business executives in the world today. authorized the

.aterials masks,pirator sterilization kits. are webeen asking, why throwing these masks away? dewine,call from mike the governor of ohio. he is a tremendous governor. a company was having a hard time getting approval. hn and withinr. ha a short time, they got the approval. disinfectne now can hundred 20,000 masks per day. masks per day.

it will be just like a new one. it can go up to about 20 times to each mask. each mask go through this process 20 times. two in ohio, one in new york. one will soon be shipped to seattle, washington, and also washington, d.c. this morning my spoke to our nation's governors to help each state get the medical supplies they need. yesterday, vice president mike pence asked our nations hospitals to begin reporting total bed capacity, i see you capacity, ventilator capacity -- icu capacity, ventilator capacity. hospital undere construction which is now completed. days atpleted it in 3.5

the javits center. look, i think we will be adding some more beds which will be completed today. there goes our box. in my hair is blowing around. one thing you can't get away with. if it is not yours, you have got a problem when you are president. the u.s. navy ships comfort also arrived today, equipped with 12 operating rooms and 1000 hospital beds. temporaryegun on hospital sites including a nursing home facility in brooklyn and numerous floors of a high-rise building on wall street. it has been pretty amazing what they have done. the army corps of engineers, what they have done. 2900 bed completed a

hospital in new york in just about three, four days. the whole city is talking about it. whichated in a great ship is being used for patients outside of what we are focused on. the army corps of engineers has awarded contracts to the construction of urgent care facilities at the state university of stony brook, westbury, andy westchester -- and the westchester community center. we have a total of 60. we will be getting additional ones with up to 190 more to follow at additional locations. obligated more than $1.3 billion in

federal support to the state of new york. it is a hot bed, there is no question about it. with governor cuomo a lot. i spoke governor murphy a lot. from new jersey. we are getting the job done. and i are very impressed am very impressed by the people from fema and the army corps of engineers. 100addition to the 8, ventilators we have already delivered, over the next 48 hours, we have to -- we will delivered over 1000. 400 going to michigan, 300 did two illinois,0 150 to new orleans.

masks, 5.3surgical million face shields, 4.4 million surgical gals, and 22 million gloves. 4.4 millional -- surgical gowns and 22 million gloves. ford announced that they will produce, along with general electric health care, 50,000 ventilators in less than 100 days. on top of that, we have other companies doing ventilators. nine other companies doing ventilators as we outpace what we need. we will be sending them to italy, france, spain where they have tremendous problems. in other countries as we can. the fact that we are doing so

tribute quickly, is a to our great companies. guardhan 14,000 national troops have been activated. we have plane loads of protective equipment coming in. from -- 51loans loads from various locations around the world. plane our first big cargo this morning. we are also sending things that we don't need. capacity, we will be sending approximately 100 million dollars worth of things, surgical and medical and hospital things to italy.

giuseppe was very, very happy. they are having a hard time. afternoon, ceos of the companies before their patriotic duty to help meet their most important needs. what they are doing is incredible. darius of honeywell. darius has been someone i have dealt with in the past. deborah waller of jockey international. mypillow.ll of it is unbelievable what you do. david taylor of proctor and gamble. greg hayes of united technologies corporation. i want to tell all of you that america is very grateful to you. amazing jobs you have done. i would like you to come up and say a couple of words.

come on up. it has been really incredible. mypillow is a u.s. vertically integrated company which has been forced to adjust to the changing business environment as a result of the pandemic. mypillow's uniquely positioned as a u.s. company that functions as a manufacturer, logistics management distributor, and direct to consumer. given our current business lines, we are experiencing the effects of this pandemic firsthand. mypillow has established an internal task force which is monitoring future needs of companies across the country as a result of this pandemic. given our position, we have begun to research and develop new protocols to address the current and future needs of u.s. businesses across multiple sectors. companies will prepare themselves when they want to get open up and changes to their

current operations in order to adjust to future threats and pandemics. my pillow has designated some of the call centers to help companies. we have dedicated 75% of my manufacturing to produce cotton facemasks. i was up to 10,000 a day. by friday, i want to be up by 50,000 a day. i am proud to manufacture products in the u.s. and even more proud to serve our nation in this great time of need. thank you, mr. president, for your call to action which has empowered companies like mine to help this nation when this invisible war. i wrote something off-the-cuff if i could read this. changember 8, 2016, to the course we were on. taken out of our schools and lives, and nation turned its back on god. i encourage you to use this time at home to get back -- read bibles and spent time with our

families. our president gave us so much hope in just a few short months ago. we have the best economy, the lowest unemployment, and wages going up. it was amazing. with our great president, vice president and this administration and all the way people of this country praying daily, we will get through this and get back to a place that is stronger and safer than ever. pres. trump: thank you very much. i did not know he was going to do that but he's a friend of mine and i appreciate it. first of all, mr. president, mr. vice president, the entire agencies, thank you for your leadership during this time of crisis. it is noticed and it is making a difference. second of all, i would like to sing a big thank you to all the health-care workers out there. you are putting yourself in harms way everyday.

i can tell you that more help is on the way. we at honeywell, we are in industrial technology company. one of the businesses we are in -- protect the industrial worker. what we are doing today is repurchasing a lot of that equipment to serve the health-care workers. a few days ago, we announced the start up of a new manufacturing facility in rhode island. will be hiring 500 employees. we have already 200 on board. we will be starting the production of n95 masks than the next two weeks. furthermore, today we are announcing the startup of another manufacturing facility in arizona. we will be hiring another 500 people and we will be starting up production in that facility by the middle of may. in total, we have doubled our production of n95 masks already. it will double again within the next 60 days. the next 90 days, we will have

we will be having other safety equipment to support the efforts going on. lastly, a big thank you to the honeywell employees and announced a $10 million fund for them, for all the hourly and administrative employees who are having a hard time during this time of crisis. thank you, mr. president. pres. trump: fantastic. great job. thank you to honeywell. >> thank you, mr. president and mr. vice president on your guidance during this unprecedented time. i'm very honored to be here today. founded by a minister 144 years ago, jockey international is a family-owned company headquartered in kenosha, wisconsin. since 1876, we have been providing socks and underwear for generations of families. it is part of our dna to roll

up our sleeves and help our country in her time of need. during world war ii, we made parachutes for the military. today, we are eager to serve this great country by providing support for the health-care workers on the front lines of this fight. as the president and vice president have said, it is a whole of america approach and we are committed. jockey has had a long-standing partnership with encompass group headquartered in georgia. serving the health care community. when we learned of the critical need for ppe, we knew we had to help. that meant restarting production on tier 3 isolation gowns. monumental lifting by jockey, encompass, fema, and the fda was done in a few days to be production ready. as a result, we expect to be delivering 30,000 to 50,000 gowns per week, helping those that needed the help. in addition, we are donating

10,000 units of scrubs to the front line doctors and nurses at the javits convention center in new york city. we would not have been able to do this without the collaboration of the administration, representatives from the federal agencies, and congressman brian styles. thank you very much, mr. president and mr. vice president. emily: the ceo of jockey international talking about what they as a company are doing throughout this coronavirus pandemic, along with other private company ceos, talking about medical equipment they are procuring and providing. president trump say one million americans have not been tested for the coronavirus. talkingof abbott labs about a new rapid response coronavirus test that is about to hit the market in the numbers of tens of thousands. as soon as tomorrow, tens of thousands more people will be able to get a quick test. i want to bring in max, the ceo and cofounder of paypal.

i want to talk a little bit about how the president handle this crisis because as of yesterday, he was looking at easter as the optimistic reopening of the economy date. then he extended it to the end of the month. i'm curious how that impacts you as the ceo when you are trying to make a decision and forecast how long your workforce will have to work from home. how president's mixed messaging impacts how you run the company. fundamentally, we have to read all the different signals concurrently. probably the single most important authority, government officials are california state officials, governor newsom, all the folks in california that set the local policy. officeing goes for our in new york, pittsburgh and chicago. i think that is the beginning and end of it. each state has different

situations. as we know, new york is extremely complex right now. california not doing really better. my guess is the president has to balance his optimism, his desire for quick return to work with realistic and the reality of the situation. dates willthese get revised and revised. we have to be prepared to do our work from home for as long as it takes. the worst mistake we could possibly make is to say truly, we will be back at our offices by date x, and therefore this or that can be postponed. that will be not anything of the sort. we will always be prepared for the worst and hoping for the best like everyone else. emily: now, affirm offers financing alternatives to credit cards. you have an interesting view on how consumers are behaving right now, how this is all impacting merchants. what sort of trends are you

seeing? are you seeing people missing payments? are you seeing less spending in general, especially on discretionary items, as folks have their hours cut, lose their jobs, and are generally facing this tremendous uncertainty going forward? max: it's fascinating. certainly, to somebody who manages a financial services company, especially one that deals with risk every day, this is a fascinating time to do work, although a terrifying time as well for obvious reasons. we are seeing all kinds of interesting changes. it is a little too early to tell what will happen with defaults and payments. we are seeing significant amount of interest from consumers about what will happen with my bills, what if i am late? the message we have the asvilege to deliver never charged late fees, never collected a penny of fees of any kind or late fees. so our consumers are protected if they chose to use af

firmm. they will be sure we will work with them to make sure they're able to make -- as much as we can help them, we will help them with their obligations. in terms of consumer spending trends, all sorts of fascinating things are happening. as you might have predicted, overall consumer spending, we are seeing it slow down. things likefashion, truly discretionary purchases are sharply down. travel is in pain, to put it bluntly. on the flipside, things that make your home office better, things that make you more productive, things that make you feel like you are not trapped inside your apartment or house are on the upswing. people are buying things that help you stay fit. things that help you work standing up. bigger monitors. all sorts of demand for those things. surging to the point where they are significantly faster than we expected. there's also a fair amount of general merchandise people are

buying. i think part of it is hoarding, unfortunately, part of it is just being ready for the lockdowns or lockdowns that have not hit them yet. there's all sorts of movement in upward and downward directions. emily: so, how do you then plan to adapt and adjust affirm and the policies that you have as this progresses, again, not knowing what the end looks like, with no end in sight? max: i think our mission is simple. we try to make sure that we are there to help our consumers and merchant partners do business. when folks choose us to help them buy whatever will help them stay safe and productive during work from home periods, we need to make sure they know we are there. we will not charge them late fees. we will work with them to make sure they have the solutions they are there to expect. we are there to help merchants sell the things they are there to sell. we have to be thoughtful and

make sure that we understand how the job losses and how the changes the economy will see in the short and long-term will impact our consumers ability to pay. being able to know that right now is when credit is most necessary. that is when people started to budget and figure out what can they stretch, the dollar needs to go longer. so, we are responsive every single day to everything from the federal reserve announcements to our merchants putting thing on sale. we know they are try to help people get. the advantage that we have is our ability to respond to data we see in real-time. one of the premises of companies like affirm is our ability to say things are changing. the stimulus that was just announced is an entirely new x factor that not everybody expected, but not everybody knows what it's going to do. our job is to monitor the numbers and adjust to it. emily: now, max, you and your

former paypal colleagues have always inspired great fascination. elon musk has been very upfront with his thoughts on the coronavirus. initially saying the panic was dumb and that children are reviewed, which is in fact not true. tot said, he has also vowed work on making ventilators to help. i'm curious what your take is on his sort of initial skepticism, at least, given this whole idea that silicon valley often thinks it can do better than everyone else when it comes to finding solutions? everyone who has made fun of this thing as just a silly problem is going to go away with sunshine is slightly embarrassed by those comments. that excludes no one. i think it is a great

illustration that it is hard for human beings to understand financial growth. even if you have been at silicon valley all your life and watched viral spreads of the social media kind grow from nothing to everything, it is incredibly difficult to internalize the idea. yesterday, we are seeing one or two cases and today we are seeing hundreds. it is hard to imagine that growth. on the negative side, you have people say i am no doctor, but stepped aside, i am smart and i can do better. i think that is hubris and especially unjustified in a situation like a virus. on the other hand, you have this spirit of silicon valley where when given direction or a good idea, we know how to mobilize and inspire and just go through all of it. in that sense, if elon is committing to build ventilators, they are probably going to be quite good. in that sense, i think that is

a wonderful thing -- not just elon, but the industry stepping behind his efforts to support the country. i think that is a good thing. emily: right. will makeaying they 50,000 ventilators. max levchin, always great to have you on the show. thanks for sticking with us through that press conference and sharing your thoughts as well. coming up, we will be talking about amazon and instacart workers taking to the streets, demanding better conditions, pay throughout this coronavirus operate, even if they decide to self-isolate. we will be talking to an amazon warehouse worker coming up. this is bloomberg. ♪

♪ emily: welcome back. president trump still speaking right now at the rose garden, giving an update on the latest state of the pandemic in the united states. saying that one million people in the united states have been tested thus far. we are continuing to listen into that press conference and will bring you any headlines as we have them. meantime in new york, about 100 amazon workers staged a protest outside their staten island for film and center. today, the workers complaining about unsafe conditions and saying that management has been unresponsive to their concern. i want to bring in one of those workers now. an assistant manager at the staten island facility, as well as our own josh donaldson who covers issues for burglar.

chris, i want to start with you. amazon has confirmed that one employee at the facility has tested positive. you have told us there are more cases. tell us more about the conditions that you have been working in that her colleagues have been working in and why you feel they are unsafe. chris: well, the company has publicen false with the and the media since day one. the conditions there are horrific. the items that we use to clean up the buildings are scarce. you have to think, if the medical field do not have ppe to protect the doctors and nurses and first responders, what makes you think the retail company does? we don't have these things. we don't have the proper masks. we don't have the latex gloves. yeah, they have a third-party cleaning crew, but even they are scared. they are human beings. they are scared as well.

a lot of them have not been showing up to work. it's all false. it is all sugarcoated. we have plenty of workers that have not been to work for the entire month of march because they are scared for their lives. a lot of them were out there protesting with me today. we have people that have lupus, people that have asthma. we have people that have infants at home. we have people that are pregnant. these are people that are being unpaid right now, myself included. care about my own seven-year-old twins i have at home. i want to bring anything home to them. i have not seen them in a month and a half. it is because i'm scared of going to work. this is the scrutiny we have. we need money to pay bills. the company dropped the ball on this one. they are not treating the people right. i had to take action. unfortunately, taking action, it

cost me my job. breaking news, let you guys know, the company just called me and terminated me. i felt like i was a target. it's ok. i'm still going to be the voice of the people. i will continue to fight for the people inside that building. emily: hang on, chris. you are saying amazon just fired you? chris: i'm confirming that yes. they just called me over the phone and they terminated me, claiming that i violated the quarantine, which is ridiculous. it is insane and inhumane what they are doing. they are trying to silence me. i was always a target. it's fine. i predicted this would happen. unfortunately, it happened sooner than later. at the same time, i feel like people know i am doing the right thing. i have plenty of people that is supporting me. their own people inside the building, they are still supporting me. i'm going to continue to fight. this is not going to stop me.

amazon and jeff bezos, they can keep this company. they can keep their money. if they don't know how to treat people right, i don't want to work for them. i have no problem parting ways with the company. i have been there five years. i have always been a dedicated worker, hard worker. everybody knows me, everybody loves me. because i try to stand up for something that is right, the company decided to retaliate against me today and they terminated me. shame on amazon. that's it. emily: we actually -- we reached out to amazon for a statement on some of the claims you have made. have taken"we extreme measures to keep people safe, trickling down on deep cleaning, procuring safety supplies that are available, changing businesses to ensure those in our building are keeping safe distances." they also addressed you and some of your comments, and i want you to be able to respond to this. they said we have heard a number of incorrect comments from

kristin smalls. he is on a 14 day self-quarantine requested by amazon to stay home with full pay. he was placed in quarantine after abundance of caution because we notified him he may have close contact with someone at the building who was diagnosed. chris: all false. emily: i will let you respond to that. so, what is true in your view? chris: they are lying through their teeth. i have been in the building every day. in and out that building up until saturday, which is my last day of work. which i have not been at work. i have been at the building physically but i have been off the clock. what i was doing, i took a stance on tuesday. thank god for me going to work on tuesday and actually clocking in. when i clocked in on tuesday known --the second unknown case to the public, but second confirmed case, my colleague, he looked sick.

i sent her home. i was only around her for less than five minutes. she had been i around my entire department for 10 plus hours the entire week. you don't quarantine my people? you didn't even notify them. these are true facts. didn't even notify them until this day. i gave her equipment to another supervisor. they didn't quarantine her either. i ride to work with a coworker. they didn't quarantine him. this was a strategic quarantine to silence me. i was in that building every single day this week. i spoke with .hh.r. directly. i didn't sugarcoated. i said, hey, you guys know my colleague tested positive. you know, i was around her for about five minutes, but i am letting you guys know that she had been in direct contact with numerous people that's working.

you guys need to close the building down and sanitize it. this is just a way of cutting the head off the snake. they didn't notify me. the h.r. rep told me they would call me over the phone. i don't even know when i got quarantine. they don't even explain that. is it from the dead you get in contact or from the date they walking out the door? which one is it? emily: i understand, chris. this is probably a very terrifying situation for you and i really appreciate you sharing with your experience. i want to bring it josh, who covers worker issues for bloomberg. we are seeing these stories of workers upset with how the warehouse is handling amazon -- the local news reports, sometimes conflicting recantation's of events. what is your take on what is going on at staten island and

beyond? josh: what we are seeing is a wave of protests by workers who are deemed, whether by the government or their employers, to be doing essential work while many of the rest of us are staying home. but, who do not think they are getting the safety measures or the compensation that they deserve for it. theon has now based situation at a number of warehouses where there have been reported cases. there has been education by workers, by circulating petitions to the walkout we saw today. the company, as the virus intensified and has as pressure from lawmakers and others have intensified, the company has added additional measures in response. but, this is very serious scrutiny for amazon to deal with. we are in a situation right now where the past might have been too concerned take a risk of collective action, now perceive a risk in coming to work that

really changes how they make that decision. it opens people up to the possibility. emily: we will have to leave it there. we are running into a heartbreak. josh. chris smalls, thank you for sharing your story with us. stay close to bloomberg. we will be right back. ♪

♪ good evening from bloomberg world headquarters. we are counting down asia's major market open. i'm to the rigs in new york. haidi: i'm haidi stroud-watts in sydney. welcome to daybreak australia. u.s. stocks rally for a fourth day, but president trump warns the nation faces a challenging month ahead. there is cautious optimism when it comes to your. spain and