Billionaire hedge fund supervisor David Tepper stated Monday that President Donald Trump should order U.S. industrial firms like Common Motors to begin mass producing ventilators if he desires to get the financial system on a path to restarting once more.

That approach, Tepper stated, individuals already sick from coronavirus can get assist and wholesome individuals can really feel assured they'll get the care they want in the event that they do fall ailing. 

"We have now to get the medical piece proper, too, get the gear, the ventilators mass produced," the founding father of Appaloosa Administration informed CNBC's Scott Wapner in a "Halftime Report" interview. "No matter it takes to get produced that is what they need to do. That is step one."

The fast-spreading coronavirus has despatched shock waves all through the globe, creating unprecedented monetary and societal disruption. Confirmed infections of the  coronavirus surpassed 350,000 worldwide on Monday and international deaths rose previous 15,000, as COVID-19 spreads throughout Europe and North...