Here’s how the 30 Dow industrials companies are prepping for the impact of the coronavirus

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 81 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Here's how the 30 Dow companies are preparing for the impact of the coronavirus

As the Dow Jones Industrial Average is in the midst of what could be its worst weekly decline since the financial crisis amid concerns regarding the spread of the COVID-19 coronavirus, many of the companies that make up the Dow Jones Industrial Average are preparing for potential workplace disruptions.

MarketWatch asked the current 30 companies that make up the Dow Jones Industrial Average DJIA, -2.72% about how they are preparing for potential workplace closures and whether the outbreak could have a material impact on their earnings. Cisco Systems Inc. CSCO, -2.75% said it is “focused on helping reduce the impact of Coronavirus on our customers and employees.” The company noted that its Webex division, which develops and sells online meeting and video conferencing applications, has seen an expanded user base in the wake of the coronavirus outbreak. Traffic on some of Webex’s routes in China has increased 22 times, while the company has seen between four and five times as many users in Japan, South Korea and Singapore.

The company noted in a statement to MarketWatch that it has taken precautionary measures to protect employees, which include “providing face masks and hand sanitizers, installing temperature screening in offices and manufacturing facilities, as well as setting up health monitoring mechanisms in affected regions.”

For a daily take on the virus: Coronavirus update: 82,549 cases, 2,810 deaths, 1 possible case of spread in the U.S., Trump administration response under scrutiny Earlier this month, J&J said its Janssen Pharmaceutical business has expedited its investigational coronavirus vaccine program through an expansion of its collaboration with the Biomedical Advanced Research and Development Authority .

Don’t miss: This stock has scored the biggest boost from the coronavirus outbreak — but the company has been out of business for years

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Perhaps they should pull out of China and end their reliance on cheap slave labor

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Dow futures up 100, coronavirus cases jump, Disney fallsAfter this week’s historic market sell-off, these are the 2 things Leon Cooperman says he’s watching: “One is the coronavirus, does it get under control in a reasonable timeframe? And second that we don’t have a Socialist or Communist in the White House.” Being so narrow minded is what will kill this election.
Source: CNBC - 🏆 12. / 72 Read more »

These stocks are the biggest Dow winners when rates plunge like they are nowNew for subscribers: These stocks are the biggest Dow winners when rates plunge like they are now Check out CNBCPro and get your first 30 days free. Pro JoecKernen is becoming an embarrassment to your network. Way over the top emotional on politics to point of being excessively rude to guests he disagrees
Source: CNBC - 🏆 12. / 72 Read more »