Retail sales and Industrial Production gained momentum in september. The economy is set for a faster rebound than any of its peers. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. U. S. Stimulus negotiations approach another tipping point. Secretary mnuchin and Speaker Pelosi will resume their conversations in about two hours, as the House Speakers preelection deadline zooms. How much trouble are airlines and without federal aid . We will speak to sara nelson, the International President of the association of flight attendants. And a big bet on shale. Conocophillips mobileye Concho Resources, the largest shale industry deal since the collapse
Host he was on the sunday shows on abc this week and heres what he had to say about extending this extra 600 a week. Well, those the original benefits will not. We actually original Unemployment Benefits actually paid people to stay home and actually a lot of people got more money staying at home than they would going back to work. So the president s been very clear, our republican senators have been very clear we are not going to extend that provision. We are going to be prepared on monday to provide Unemployment Insurance extension that would be 70 of whatever the wages you were prior to being unemployed, that it would reimburse you for 70 of those wages. Hopefully as a way to get people back on their feet. We are prepared can i stop you right there, sir . They said thats going to be impossible to administer and people will face real gaps before f before they get money. We looked at that. I have been on the phone with secretary scalia, secretary of treasury steven mnuchin, we believe
The lack of federal leadership and interagency coordination has been this disappointing to all of us. We protect our frontline aviation workers and our passengers if this is not there . That is why chairman thompson and i recently sent a letter to the leadership of the Transportation Committee to the heads of dhs and dot calling for an Interagency Task force. I am very concerned about the different requirements for temperature checks, health , a lot of different requirements and confusion. Is not good for the traveling public. It creates risks for passengers and aviation workers. We have to follow and trust the expectation. Our decisions will ultimately affect millions of travelers. Social distancing measures were most visible when stayathome orders were issued across the country. They have been credited with helping slow this virus. Areal distancing measures visible at security checkpoints and boarding gates. We have seen aircraft for love unmasked passengers. They have been forced to
The lack of federal leadership and interagency coordination has been this disappointing to all of us. We protect our frontline aviation workers and our passengers if this is not there . That is why chairman thompson and i recently sent a letter to the leadership of the Transportation Committee to the heads of dhs and dot calling for an Interagency Task force. I am very concerned about the different requirements for temperature checks, health , a lot of different requirements and confusion. Is not good for the traveling public. It creates risks for passengers and aviation workers. We have to follow and trust the expectation. Our decisions will ultimately affect millions of travelers. Social distancing measures were most visible when stayathome orders were issued across the country. They have been credited with helping slow this virus. Areal distancing measures visible at security checkpoints and boarding gates. We have seen aircraft for love unmasked passengers. They have been forced to
America about the efforts to improve the safety of airports and planes and what the federal government can do. Security wille now come to order. Thank you, Ranking Member and the panel of witnesses for joining us today. We are here to discuss proposals for how to restore our nations been so system that has devastated by covid19. We have seen passenger volume in the last few months go as low as 5 of normal. Today it is close to 15 to 20 of normal, but that is not good enough to keep the Aviation Industry in business. It is not good enough to help this nation. Know, this pandemic is unprecedented. The lack of federal leadership and interaction, coordination is very concerning to all of us. We ask the question, how can we project our frontline aviation workers and our passengers if consultation and coordination is not there. That is why Sherman Thompson and i recently sent a letter with the leadership of the Transportation Committee to the heads of dhs and tot calling for preferred and do