I fixed the issue by doing a complete power down including unplugging the power cables. I then let the server sit for 30 minutes to allow batteries and capacitors to drain. I was then able to power the system on and it recognized all drives, updated the BIOS and everything is working again. 
Our R730 Poweredge server rebooted today, but failed t o restart successfully. When the BIOS started up I see a message during the Initializing Firmware interfaces: (in screen shot). I have updated the iDRAC firmware but can not get the BIOS to update since it seems the problem occurs before the update starts. Any help would be greatly appreciated. [IMAGE]   BIOS Version 2.4.3 IDRAC Version: 2.70.70.70
Poweredge R730 Fails to boot BIOS