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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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Retail is used to existential crises — but bankruptcies won’t save it now

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CNBC – For more and to sign up click here For retailers, facing an apocalypse isn’t anything new. What’s new is the fact that everyone else is too. Retail has for years faced the challenges of slowing foot traffic, changing shopping patterns and online competitors that has caused an industry upheaval......
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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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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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Trump pushes back against congressional oversight for $500 billion bailout fund

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CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin and President Donald Trump attend briefing about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC. The Trump administration is considering an $850 billion stimulus package......
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United Airlines warns aid isn’t enough to avoid workforce cuts

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CNBC – For more and to sign up click here United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC United Airlines warned Friday that it expects to reduce its workforce because of the rapid spread of coronavirus and severe measures to stop the disease’s spread, despite a sweeping......
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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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Dow futures up 900, ‘limit up,’ hope for a stimulus deal

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CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images All eyes are on Congress to pass a much-needed stimulus......
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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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$1 trillion rescue package might not be enough for businesses

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CNBC – For more and to sign up click here (L-R) Senate Majority Leader Mitch McConnell, Secretary of Treasury Steven Mnuchin, and Senate Minority Leader Chuck Schumer hold a meeting to discuss a potential economic bill in response to the coronavirus, COVID-19, in Washington, DC, on March 20, 2019. Saul......
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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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Senate GOP bill caps executive pay at $425,000

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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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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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