Of normalcy. From. Owning a house has become pretty much impossible for many people. Welcome to the program a 98 percent drop in sales thats hard for any company to take with travel restrictions during the coronavirus pandemic lock down and many people still feeling uneasy about boarding airplanes a big quarterly loss for tourism had been expected but 1400000000 euros nevertheless is a staggering figure just yesterday to your received state aid to a similar tune and despite that the look ahead is much more promising. Bridge packed with tourists. 3 months ago the pandemic a devastating blow to the tourism industry. And. Many have stayed closed. It cannot disappear from the list of tourist destinations in europe. Despite. The city of complaining about overcrowding hotels are barely 20 percent. Among the most important destinations for the german British Travel company last quarter to 1400000000 euros and with people keeping away from hotels and cruises it expects much more ahead. And eve
Five day winning streak. Dom chu has more. And it has been the outperformer the nasdaq again up about onethird of 1 , so well off the lows of the session so far all those lows by the way, the dow industrials down roughly 271 points and weve gained back a lot of ground, but a lot of waiting and seeing with the s p just about flat. Lets take a look at some of the sector movements since the covid lows that we saw back in march over the last three months, the real standouts have been energy, up about 68 , consumer discretionary, retail names up 47 . And Technology Names up about 37 . Are more sensitive names playing on a recovery or hopes of one driving those particular gains so something to watch. And then the stock of the day is spotify hitting a record high up 13 off the highs of the day after it inked an exclusive deal with Kim Kardashian west to host a new exclusive podcast centering around kriccriminal Justice Reform and remember a lot of headlines, dwrenkt listin direct listing, not
Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will london lock down and what does the future hold for travel . Despite americas troubles, the markets are bouncing back from yesterdays selloff. Weve got another volatile session. At one point, down 721 points at the low, the dow has now swung more than 1200 points, currently we see gains of 237 points. The s p climbing higher by 30. The nasdaq is up 254. Plus we are going to speak to the nations largest Medical Transport company about how it is preparing to move coronavirus patients from one place
In the resort city of puerto vallarta, sandbags sandbags and plywood were the only defense, and residents lined up to take shelter. Larry mowry is the chief meteorologist at kttv our station in dallas, forth worth. Scott, this is an amazing hurricane in terms of how fast is intensified. As you mentioned, the strongest hurricane ever. Only typhoons have been stronger. Miles per hour. Tornado. It went from a category one to a category five hurricane in just 28 hours. Its almost making landfall right now. Winds are at 190 miles per hour. The pressure has gone up a bit but scott, this is still a dangerous, dangerous storm. Pelley and its a big storm, larry. What is the effect likely to be in the United States . Will head our way. Patricia. It will make landfall in the next couple of hours, and once it hits the mountains of mexico it will start to fall apart but this is really wound up, so the leftover circulation will track into south texas saturday into sunday, then into the southeast as