Coming up just straight up thousands of Airline Workers hangs in the balance as Congress Continues to debate stimulus for the ailing industry straight ahead we dive into the struggles of the aviation sector and where their fate lives on capitol hill and later controversy continues to stir in europe as the e. U. And the United Kingdom continue to spar over their divorce a deal later on were going to break down the Details Behind the friction of a packed show today so lets dive right in. And 2 of the United States largest air carriers have announced the furlough of more than 32000 employees after lawmakers failed to extend a bailout for the industry ravaged by the copen 1000 pandemic the layoffs from american and United Airlines come as carriers have called for another 25000000000. 00 in payroll support to save the jobs for another 6 months a provision in the last bailout which band for a lot was expired at midnight wednesday House Speaker nancy pelosi and treasury secretary stephen fail
Or if you work. Youve got 2 eyes 2 ears and one now. So you should be seen here and a whole lot more than youre saying if you dont take that advice easy going to dig yourself a hole. This is boom bust the one business show you cant afford to miss in washington coming up the fate of thousands of Airline Workers hangs in the balance as Congress Continues to debate stimulus for the ailing industry straight ahead we dive into the struggles of the aviation sector and where their fate lives on capitol hill and later controversy continues to stir in europe as the e. U. And the United Kingdom continue to spar over their divorce a deal later on were going to break down the Details Behind the friction of a packed show today so lets dive right in. And 2 of the United States air carriers have announced the furlough of more than 32000 employees after lawmakers failed to extend a bailout for the industry ravaged by the copen 1000 pandemic the layoffs from american and United Airlines come as carrier
Yet to shape out its just a chance to come to advocate and in gains from it because the trail. Went on many find themselves worlds apart when shes to look for common ground. I. This is boom bust one business show you cant afford to miss branch of war in washington coming up just straight up thousands of Airline Workers hangs in the balance as Congress Continues to debate stimulus for the ailing industry straight ahead we dive into the struggles of the aviation sector and where their fate lives on capitol hill and later controversy continues to stir in europe as the e. U. And the United Kingdom continue this bar over their divorce deal later on were going to break down the Details Behind the friction of a packed show today so lets dive right in. And 2 of the United States largest air carriers have announced the furlough of more than 32000 employees after lawmakers failed to extend a bailout for the industry ravaged by the copen 1000 pandemic that the layoffs from american and United Air
Stocks sitting just off the lows of the session down is dow, s p 500 down about a half a percent we had seen more than a 1 decline. Now down by. 9 two big dow downers. Boeing falling for the second day as the fallout keeps getting worse. Also a downgrade today from Wolf Research and check shares of 3m heading lower. The stock is down nearly 20 from its 52week high and shares of tesla on track for its worst day of the year. This after a posting a loss to the quarter announcing its long time cto is moving to an advisory role. Thanks. The two other big stories today, alphabet and amazon are on the clock because theyre r reporting after the bell their stocks are higher this year but with the doj taking aim at big tech, should investors be concerned . Diedra is here tracking amazon for us josh is in San Francisco looking at alphabet. Josh, start with you so its up about 8 this year that means it is badly lagging both the market and the tech sector ive checked in with sun trust yusef. He lis
a when he completed phase one of the trade deal and he s ready to move on and count on him being hard on the chinese to say i expect you to keep up with it even with that clause absolutely. and over the years china has become the manufacturing hub for american european korean and japanese automakers the country produces more vehicles than anywhere else in the world and is the largest market for sales china alone exports more than $70000000000.00 in car parts and accessories each year but the provisions taken to control the spread of the coronavirus will likely take a toll on the auto industry for instance listen to this toilet of the world s 2nd largest automaker said they will keep auto production in china closed through the 16th of february south korean giants and hyundai will hold their factories until the same date and honda s plant what were turned operation until the 13th of february now according to s. and p. global ratings the coronavirus could cause an overall cut in