Written by Gary
Airline shares surge as TSA numbers hit pandemic high, support for second bailout builds (SPY +0.1%). Stocks making the biggest moves midday: Kodak, MercadoLibre, Simon Property, and Foot Locker.
Here is the current market situation from CNN Money | |
North and South American markets are mixed today. The IPC is up 0.88% while the S&P 500 gains 0.05%. The Bovespa is off 1.11%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Airline shares surge as TSA numbers hit pandemic high, support for second bailout buildsAirline shares are having their biggest gains in weeks as the TSA posted the highest numbers in five months and support grows for more federal payroll support. | |
Simon shares jump on reported talks with Amazon, but converting stores to warehouses may face hurdlesReal estate analysts say a deal between Amazon and Simon Property Group could be positive for the biggest U.S. mall owner in the near term, but there would be hurdles. | |
McDonald’s sues former CEO Easterbrook, alleges he lied about relationships he had with workersMcDonald’s is suing its former CEO Steve Easterbrook for allegedly lying during the company’s internal probe into his behavior. | |
New York Gov. Cuomo says the NYPD needs to ‘step up’ in enforcing social distancing rulesNew York Gov. Andrew Cuomo urged the New York City Police Department to “step up” in enforcing social distancing rules on bars and restaurants as coronavirus hospitalizations in the state hit a new low. | |
Coronavirus live updates: Mnuchin says relief deal could come this week; TSA screenings return to March levelsThe coronavirus has infected more than 19.9 million people across the world as of Monday, killing at least 732,128 people. | |
WHO sees ‘green shoots of hope’ in coronavirus fight as global cases near 20 millionThe World Health Organization said there are glimmers of hope in the fight against the coronavirus, even as global cases from the virus near 20 million and deaths approach 750,000. | |
Marriott posts bigger-than-expected loss as virus hits bookingsTotal revenue plunged 72.4% to $1.46 billion. | |
Electric Ford Mustang Mach-E features ‘audio wizardry’ with optional engine noiseWhen the Mustang Mach-E arrives in showrooms later in 2020, drivers of the all-electric vehicle will be able to make the sound of an engine accelerating when they push the pedal. | |
‘Vast’ gap in funding needed to fight the coronavirus, WHO warnsThe head of the World Health Organization warned Monday of a huge gap in funding to help fight the coronavirus pandemic. | |
Small business confidence rebounds from all-time low, but Main Street still has a long way to goSmall business confidence rose from an all-time low hit during coronavirus lockdowns, but on Main Street, the revenue, hiring and general business outlook remains mixed: CNBC|SurveyMonkey Q3 Small Business Survey. | |
This Instagram post could unlock hundreds of millions of dollars for Black-owned businessesThe 15 Percent Pledge saw a blitz of media coverage and it quickly caught the attention of major retailers, which are now doing what James had hoped: They are laying out concrete goals that are measurable. | |
Stocks making the biggest moves midday: Kodak, MercadoLibre, Simon Property, Foot Locker & moreKodak shares tank after federal loan is put on halt. Foot Locker jumped on strong same-store sales data. | |
Desperate parents are turning to ‘learning pods’ this fall. Here’s what it can costSo-called “learning pods” or “pandemic pods” are small, in-person groups of students learning together with the help of an in-person tutor or teacher. | |
Chicago Riots: Woman Shouts “I Can’t Breathe” As She Loots Luxury Clothing StoreChicago Riots: Woman Shouts “I Can’t Breathe” As She Loots Luxury Clothing Store Tyler Durden Mon, 08/10/2020 – 12:35 Authored by Paul Joseph Watson via Summit News, Video from last night’s riots in Chicago shows a woman live streaming video of herself looting a luxury clothing store as she shouts œI can’t breathe! | |
US, UK “Deeply Concerned” About Arrests Of Jimmy Lai, Others As Critics Decry “Death Of HK Press Freedoms”US, UK “Deeply Concerned” About Arrests Of Jimmy Lai, Others As Critics Decry “Death Of HK Press Freedoms” Tyler Durden Mon, 08/10/2020 – 12:26 Update (1200ET): Pompeo has also released a statement saying he is “deeply troubled” by this latest crackdown.
* * * Update (0910ET): Reports about more arrests in Hong Kong are hitting the tape as activist Agnes Chow is reportedly arrested, according to local media reports. Additionally, the UK has issued a statement saying it’s “deeply concerned” about this latest arrest of Lai, who holds British citizenship, along with his sons and others. Aside from Lai, six others were reportedly arrested (and police raided the offices of Lai’s publicly traded company, Next Digital, the o … | |
Lebanon’s Prime Minister To Step Aside, Clearing Way For 3rd Government In Less Than A YearLebanon’s Prime Minister To Step Aside, Clearing Way For 3rd Government In Less Than A Year Tyler Durden Mon, 08/10/2020 – 12:20 As protesters in Beirut storm government buildings, part of a “tsunami of rage” triggered by the historic and deadly explosion that decimated the capital city’s vital and historic port less than a week ago, CNN reported, and the government later confirmed, that the Lebanese government is stepping down. | |
ByteDance Breaks Off TikTok Deal Talks As Game Of ‘Political Chicken’ With Beijing IntensifiesByteDance Breaks Off TikTok Deal Talks As Game Of ‘Political Chicken’ With Beijing Intensifies Tyler Durden Mon, 08/10/2020 – 12:13 During what has already been a tense day for Beijing’s deteriorating relationship with the West, a day that has seen the CCP slap sanctions on nearly a dozen GOP lawmakers & China hawks, while arresting a pro-democracy media tycoon with dual British citizenship in Hong Kong, Beijing has just sent the clearest signal yet that it will oppose the sale of TikTok to Microsoft, and likely any other US buyer. | |
McDonald’s sues ex-boss Easterbrook over alleged sexual relationshipsThe fast food giant is suing Steve Easterbrook, claiming he lied about four relationships with staff. | |
‘Fake background office chatter helps me work from home’People are turning to artificial office noise to help them while working from home during lockdown. | |
‘It will break my heart to have to walk away’Why has the number of self-employed people started to fall? | |
What happens if TikTok returns to India?What happens if TikTok returns to India?Most investors who were looking to bet on homegrown short-video apps which have proliferated in the past one month, may hold out before there is further clarity. Things have been changing every few days. ‹The high-stakes sale of TikTok in the US and in India has changed the course of events, say investors. | |
Volkswagen says not easy doing business in IndiaVolkswagen says not easy doing business in IndiaThe VW Group has two factories in India ” at Pune and Aurangabad ” and locally manufactures/assembles models from brands such as Skoda, Volkswagen and Audi. It also imports vehicles from Porsche, Lamborghini, apart from Ducati motorcycles. | |
Mr Pilot and our CM is happy, says KC VenugopalMr Pilot and our CM is happy, says KC VenugopalA three-member committee will be constituted to address the issues raised by Sachin Pilot & the aggrieved MLA and arrive at an appropriate resolution thereof, said KC Venugopal. | |
July 2020 Conference Board Employment Index Insignificantly Improves and Remains Deep In ContractionWritten by Steven Hansen The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months recovered marginally again after the coronavirus crash with the authors saying “Despite increasing again, the ETI’s July results mark a small improvement compared to the gains made in May and June. The slowing momentum likely resulted from the diminishing impact of the reopening of the economy”. | |
Market Snapshot: Dow up 250 points at midday, Nasdaq under pressure as investors extend rotation into cyclical stocksMajor U.S. stock benchmarks are mostly higher Monday, except for the tech-heavy Nasdaq, as a long awaited rotation into cyclical stocks looks to gathers steam, putting high-growth companies under pressure. | |
: ‘We’re essentially pushing the pain down the road’: Trump’s order to extend payment freeze on some student loans leaves ‘many unanswered questions’ | |
Bank of America is latest Wall Street firm to pledge to Beirut relief effort, with $300,000 donationWall Street banks are supporting the Lebanese people after last week’s massive explosion devastated Beirut. |
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