Other several times where the airline suffered shocks the one most clearly was 911 and up to 911 happened it took approximately 3 to 4 years before demand and capacity and people felt safe to travel again so it is going to take some time and then afterwards subsequently you have the sars virus as i mean isolated within asia but even so the Airline Industry there also reported that it took about 5 additional years for people to feel safe traveling in a confined space together and this not only applies to airlines its also applies to cruise ships trains and all of those commuting across the United States its going to be its going to really suffer as a result of this. Yeah i have read the Southwest Airlines is offering their employees with 10 years of service a year of pay and flight privileges for a year if they take an early retirement package theyre limiting the number of seats per flight so that middle seat wont be occupied but with fewer employees and fewer seats and fewer flights it
Claims and 21 million continuing claims better than the week before. But still incredibly bad on an absolute basis same thing with the stock market we get crushed today sell, sell, sell. Obliterated wrong. Once again, the averages spent most of the day well into the black despite still more hideous macro data either we sold off the end of the session, dow 148 points, s p falling 1. 2 nasdaq easing 4. 6 , again, the market was up most of the day. The climb were about the incredibly weak labor market what happened when we heard the claims numbers right from the oechg . There is fear actions the president might take against tech because of his anger about social media and the president s plans for punishing china over hong kong, punishment that could reverberate to our own companies that do business there so then why did the stock market open up big when those hideous figures at this point its become a cliche to insist that wall streets tote lit disconnected from main street. After all, h
We come on the air, and floodwaters in some neighborhoods could soon be as deep as nine feet. 10,000 people have been forced from their homes and into shelters, where tonight the governor is asking them to wear masks and maintain social distancing. Michigan is already dealing with one of the largest coronavirus outbreaks in te miwest with more than 53,000 confirmed cases. Nationwide, there are now more than 1. 5 million confirmed cases and more than 93,000 people have been killed by the virus in the u. S. Tonight, all 50 states have now lifted some stayathome restrictions after connecticut allowed museums and offices to reopen and restaurants to serve meals outdoors. But heading into memorial day weekend, experts are concerned about infections spiking after seeing outbreaks in some areas that have already reopened. Well, theres a lot of news to get to tonight, and our team of correspondents is standing by. Cbs Janet Shamlian is going to lead off our coverage from the flood zone in mich
The results tonight giving researchers at harvard hope for a vaccine. New guidelines the c. D. C. Quietly releases its 60page reopening road map. Why now . And the advice for schools if a student tests positive for covid. Anger over voting why the president threatened to withhold tderal funds from two states over their rules about mailin voting. Voting. Demanding a refund a demanding demanding a refund Airline Passengers who canceled their trips want their money back. Why some airlines are saying not so fast. And the pandemic sparks a new outbreak of bike riding. This is the cbs evening news with Norah Odonnell, reporting from the nations capital. Odonnell good evening. And thank you for joining us. It is great to be back with you. Were going to begin with breaking news of historic floods in michigan, which tonighta star torrential rains caused one dam to fail and another to breach. Rivers there are still rising as we come on the air, and floodwaters in some neighborhoods could soon be