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April 7, 2020

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US airlines start applying for grants and will negotiate equity stakes

CNBC
by CNBC010
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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CNBC Business

Warren Buffett’s Berkshire Hathaway sells part of Delta, Southwest airline stakes

CNBC
by CNBC017
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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CNBC Business

Consolidating flights to US cities could help stem airline losses

CNBC
by CNBC04
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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CNBC Business

Talks on Senate stimulus bill continue, vote pushed to noon

CNBC
by CNBC017
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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CNBC Business

Fed’s Bullard calls shutdown ‘massive investment in public health’

CNBC
by CNBC013
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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CNBC Business

Airlines urge Congress for grants to fight impact

CNBC
by CNBC014
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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CNBC Business

Senate GOP bill caps executive pay at $425,000

CNBC
by CNBC08
CNBC – For more and to sign up click here US Senate Majority Leader Mitch McConnell, Republican of Kentucky, holds a press briefing about legislation in response to the novel coronavirus, COVID-19, at the US Capitol in Washington, DC, March 17, 2020. Saul Loeb | AFP | Getty Images Executives......
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CNBC Business

Trump would consider federal equity stakes in companies

CNBC
by CNBC011
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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CNBC Business

Trump says he is ‘OK’ with forbidding buybacks as condition of corporate bailouts

CNBC
by CNBC08
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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CNBC Business

American Airlines cuts international capacity by 75% as demand collapses

CNBC
by CNBC017
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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CNBC Business

Dow up more than 700, Mnuchin says buying opportunity

CNBC
by CNBC010
CNBC – For more and to sign up click here A trader works on the trading floor at the New York Stock Exchange, March 5, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 9:36 am: Treasury yields jump with 10-year rate nearly at 1% Treasury......
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CNBC Business

Coronavirus fears prompt airlines to race to cut costs as demand slips

CNBC
by CNBC015
CNBC – For more and to sign up click here A person watches as a Southwest Airlines Co. plane arrives at a gate at the Pittsburgh International Airport (PIT) in Moon Township, Pennsylvania, U.S., on Tuesday, July 2, 2019. Justin Meriman | Bloomberg | Getty Images WASHINGTON — Airline executives......
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CNBC Business

NYC confirms new cases, Southwest slashes revenue forecast

CNBC
by CNBC015
CNBC – For more and to sign up click here This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 95,700, according to......
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CNBC Business

Futures point to 500-point loss, airline stocks fall

CNBC
by CNBC014
CNBC – For more and to sign up click here Traders work at New York Stock Exchange Feb. 25, 2020. Zhang Mocheng | Xinhua | Getty Images This is a live blog. Check back for updates. 8:07 am: 66% of stocks in the S&P 500 remain in correction territory The......
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