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California Gov. Gavin Newsom on Monday said the state will need an additional 50,000 hospital beds to respond to the coronavirus outbreak.

As of Monday, more than 375,000 cases of coronavirus have been reported, resulting in at least 16,100 deaths.

Ventas CEO Debra Cafaro cites a "strong financial condition," importance of the dividend in its board's decision to declare its normal dividend, despite challenges during coronavirus outbreak.

Global cases have more than doubled in the past week, according to the World Health Organization, and worldwide deaths have nearly tripled.

"The pandemic is accelerating," WHO Director-General Tedros Adhanom Ghebreyesus said Monday.

"The whole system is definitely under strain and we're happy to work ... to try to meet the incredible increase in demand" during the coronavirus crisis, Teladoc Health CEO Jason Gorevic said.

The "Mad Money" host said the end to the economic damage from COVID-19 will arrive when the U.S. has adequate testing capacity and medical supplies. "Legislation isn't enough," he said.

The federal government said Monday that there are 147 nursing homes across 27 states that have at least one resident with the coronavirus.

Nordstrom said Monday it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the coronavirus pandemic.

Members of President Donald Trump's coronavirus task force hold a press briefing Monday at the White House as authorities on the local and state levels continue taking drastic measures to slow the spread of the disease.

Over 4,000 blood drives have been canceled in the U.S. because of the coronavirus, resulting in a loss of 130,000 donations, according to the American Association of Blood Banks.

Check out the companies making headlines in midday trading on Monday.

The Dow's steep drop on Monday pushed the 30-stock index below the level where it closed on Nov. 8, 2016, the day Trump won his election.

Shares of Hasbro were up more than 12% on Monday to around $51 each.

"No doubt, ideally we would have broader testing, but at the moment, capacities are limited," Roche CEO Severin Schwan said on CNBC's "Squawk Box." "I think this is still a couple of weeks, if not months, out, and the reason is very simple."

"You can discount in a demand-weak environment, but it doesn't matter," said Neil Saunders, managing director of GlobalData retail.

The president of the National Association of Theater Owners said studios won't be putting theatrical releases on home video while theaters are closed due to the coronavirus outbreak.

Major groups representing U.S. mayors, police and fire chiefs and first responders are urging President Donald Trump to use the Defense Production Act to get them "essential personal protective equipment" quickly to help them respond to the coronavirus pandemic.

About 40% of firms say once coronavirus global supply chain disruptions end, it could take 3 to 6 months to get business back to normal, according to a survey of the CNBC Global CFO Council.

Earlier this month, Weinstein was sentenced to 23 years in prison for rape and sexual assault. Last week, he was transferred to a maximum security prison in upstate New York.