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April 8, 2020
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Schumer picks top Warren aide to help oversee bailout fund

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CNBC – For more and to sign up click here Sen. Elizabeth Warren, D-Mass., talks with aide Bharat Ramamurti during a Senate Banking, Housing and Urban Affairs Committee, July 8, 2014. Tom Williams | CQ Roll Call | Getty Images Senate Minority Leader Chuck Schumer said Monday that he would......
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American Airlines slashes service in the New York area

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CNBC – For more and to sign up click here An American Airlines passenger jet (Boeing 737) lands at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images American Airlines on Sunday slashed its flights to the New York City area by more than......
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Lawmakers urge Mnuchin against onerous airline aid conditions

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CNBC – For more and to sign up click here American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. Nick Oxford | REUTERS Leading congressional......
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US airlines start applying for grants and will negotiate equity stakes

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CNBC – For more and to sign up click here American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. Nick Oxford | REUTERS U.S. airlines......
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Warren Buffett’s Berkshire Hathaway sells part of Delta, Southwest airline stakes

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CNBC – For more and to sign up click here Warren Buffett’s Berkshire Hathaway said on Friday it sold about 18% of its stake in Delta Air Lines and 4% of its holdings in Southwest Airlines this week, as the coronavirus pandemic drives the airline industry into perhaps its biggest......
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Conagra, Carnival, RH, Visa & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short,......
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Consolidating flights to US cities could help stem airline losses

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CNBC – For more and to sign up click here U.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC. Executives with U.S. airlines are......
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How airline workers won a lifeline

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CNBC – For more and to sign up click here A flight attendant arrives at Tom Bradley Terminal at Los Angeles International airport in Los Angeles, California on March 16, 2020. Agustin Paullier | AFP | Getty Images U.S. airlines’ first plea for $58 billion in government aid to weather......
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Futures turn negative, stimulus bill agreement, Dow’s historic day

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CNBC – For more and to sign up click here Senate Majority Leader Mitch McConnell, R-KY, Mandel Ngan | AFP | Getty Images This is a live blog. Check back for updates 8:42 am: Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hilton Pershing......
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Talks on Senate stimulus bill continue, vote pushed to noon

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CNBC – For more and to sign up click here Steven Mnuchin, U.S. Treasury secretary, center, walks through the U.S. Capitol in Washington, D.C., U.S., on Monday, March 23, 2020. Al Drago | Bloomberg | Getty Images Democrats and Republicans on Monday continued negotiations over a massive stimulus funding package......
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Congress struggles to reach a deal

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CNBC – For more and to sign up click here Talks between Democrats and Republicans for a massive funding package to combat the impact of coronavirus have stalled, as lawmakers spar over issues like worker protections and funding for states battling the crisis. “From my standpoint, we’re apart,” House Speaker Pelosi,......
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Fed’s Bullard calls shutdown ‘massive investment in public health’

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CNBC – For more and to sign up click here About Covid19 signs are seen at the Times Square in New York City, United States on March 20, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus......
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Airlines urge Congress for grants to fight impact

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CNBC – For more and to sign up click here Airplanes sit on the tarmac at John F. Kennedy Airport (JFK) on January 31, 2020 in New York City. Spencer Platt | Getty Images U.S. airlines on Saturday warned they will have to furlough workers unless Congress approves a $58......
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United warns of possible job cuts if government doesn’t act quickly on coronavirus aid

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CNBC – For more and to sign up click here United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas, March 18, 2019. Loren Elliott | Reuters United Airlines on Friday warned it could cut jobs if the U.S. government doesn’t......
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Trump would consider federal equity stakes in companies

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CNBC – For more and to sign up click here U.S. President Donald Trump speaks during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Thursday, March 19, 2020. Yuri Gripas | Bloomberg | Getty Images President Donald Trump said......
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Trump says he is ‘OK’ with forbidding buybacks as condition of corporate bailouts

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CNBC – For more and to sign up click here U.S. President Donald Trump speaks speaks on the latest developments of the coronavirus outbreak, while flanked by White House coronavirus response coordinator Debbie Birx (L), and U.S. Surgeon General Jerome Adams (R), in the James Brady Press Briefing Room at......
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Futures hit ‘limit down,’ ETFs point to massive losses at the open

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 7:38 am: Coronavirus update The deadly coronavirus that has roiled markets in......
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United warns of cash bleed, empty planes even after more schedule cuts

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CNBC – For more and to sign up click here A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images United Airlines Holdings booked $1.5 billion less revenue in March than the same......
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Nike closes all US stores, American Airlines suspends long-haul flights

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CNBC – For more and to sign up click here A passenger looks at his phone while wearing a protective face mask at the Phoenix International Airport on March 14, 2020 in Phoenix, Arizona. Passengers are wearing masks to avoid the spread of the coronavirus (COVID-19). Carol Coelho This is......
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American Airlines cuts international capacity by 75% as demand collapses

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CNBC – For more and to sign up click here American Airlines Boeing 777, departs Los Angeles International Airport in Los Angeles, California. FG | auer-Griffin | Getty Images American Airlines said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its......

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