Restrictions Ease in U.S.; No Lockdown for France: Virus Update
Bloomberg 2/4/2021 Bloomberg News
(Bloomberg) Dozens of U.S. states are releasing vaccines left over from a federal initiative for nursing homes, increasing supply for other eligible people like essential workers and seniors. New York City hospitalizations surged after the snowstorm, Mayor Bill de Blasio said. Around the U.S. restrictions are lifting as the outbreak eases.
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Wisconsin’s governor issued a new face mask order immediately after the legislature repealed his earlier one. Texas set a daily record for vaccinations.
The Bank of England forecasts that the U.K. economy is heading for a powerful rebound as a consequence of the government’s aggressive push to vaccinate its citizens. France said a new lockdown is not justified at the moment.
American Airlines now says 13,000 people could be furloughed after it just recalled thousands back to work
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Florida s unemployment claims jump again as airlines warn of layoffs
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Airlines, labor unions push for a third round of federal aid with travel demand still depressed CNBC 2/4/2021
United and American have warned some 27,000 employees that they could be furloughed.
Travel demand remains low and a slow rollout of vaccines have dashed hopes for a recovery.
The second round of federal payroll aid expires after March 31. © Provided by CNBC Association of Flight Attendants International President Sara Nelson joins airline executives, fellow union heads and political leaders to call on Congress to pass an extension of the Payroll Support Program to save thousands of jobs, during a news conference outside the U.S. Capitol September 22, 2020 in Washington, DC.
American Airlines in cost-cutting mode after $8.9 billion loss for 2020 Ted Reed © Provided by The Points Guy
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American Airlines said Thursday it has taken $1.3 billion out of its annual costs, signaling the potential for a strong return from the coronavirus crisis – just not as strong as its surging stock price may indicate.
American shares rose Thursday after gaining 7% Wednesday, when the broad market declined. That came as American got caught in the middle of the phenomenon of small investors buying stocks that hedge funds bet against.