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| Fed Minutes Show Concern About Long-Term Economic Damage | Fed Minutes Show Concern About Long-Term Economic Damage |
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| This briefing has ended. Follow live market developments here. | This briefing has ended. Follow live market developments here. |
| Ford Motor, which restarted its North American assembly plants this week, said on Wednesday that it stopped production temporarily at two plants in Chicago and Dearborn, Mich., after employees tested positive for the coronavirus. | Ford Motor, which restarted its North American assembly plants this week, said on Wednesday that it stopped production temporarily at two plants in Chicago and Dearborn, Mich., after employees tested positive for the coronavirus. |
| In Chicago, two employees were sent home on Tuesday after showing symptoms of the illness; tests later confirmed that they had the virus. Both worked at a parts building about a mile from the main plant. The building they worked in was sanitized and its operations halted, forcing production to stop at the assembly plant. | In Chicago, two employees were sent home on Tuesday after showing symptoms of the illness; tests later confirmed that they had the virus. Both worked at a parts building about a mile from the main plant. The building they worked in was sanitized and its operations halted, forcing production to stop at the assembly plant. |
| Production at the Chicago plant was halted a second time on Wednesday after a nearby parts factory stopped deliveries to Ford because of a coronavirus infection there. | Production at the Chicago plant was halted a second time on Wednesday after a nearby parts factory stopped deliveries to Ford because of a coronavirus infection there. |
| In Dearborn, a single Ford employee tested positive on Wednesday. “We are deep cleaning and disinfecting the work area, equipment, team area and the path that team member took,” Ford said in a statement. Ford said it expected the Dearborn plant to resume production Wednesday evening. | In Dearborn, a single Ford employee tested positive on Wednesday. “We are deep cleaning and disinfecting the work area, equipment, team area and the path that team member took,” Ford said in a statement. Ford said it expected the Dearborn plant to resume production Wednesday evening. |
| In both locations, the affected Ford employees and any others they had contact with were sent home to prevent further spread of illness. | In both locations, the affected Ford employees and any others they had contact with were sent home to prevent further spread of illness. |
| Ford, General Motors and Fiat Chrysler all began restarting their plants in the United States and Canada on Monday after keeping them idled for nearly 60 days. The companies have modified shift schedules, put up barriers between employees, required the use of masks and taken other steps to reduce contact between workers. | Ford, General Motors and Fiat Chrysler all began restarting their plants in the United States and Canada on Monday after keeping them idled for nearly 60 days. The companies have modified shift schedules, put up barriers between employees, required the use of masks and taken other steps to reduce contact between workers. |
| “We are being very vigilant about the protocols being enforced and are very focused on the safety of our members, their families, and their communities,” said Brian Rothenberg, a spokesman for the United Automobile Workers union. | “We are being very vigilant about the protocols being enforced and are very focused on the safety of our members, their families, and their communities,” said Brian Rothenberg, a spokesman for the United Automobile Workers union. |
| Federal Reserve officials worried that coronavirus-related lockdowns could spur bankruptcies and longer-term unemployment, potentially even inflicting lasting damage on the United States economy, minutes from their late-April meeting showed. | Federal Reserve officials worried that coronavirus-related lockdowns could spur bankruptcies and longer-term unemployment, potentially even inflicting lasting damage on the United States economy, minutes from their late-April meeting showed. |
| Central bank officials met on April 28-29, and notes from the gathering were released Wednesday. Jerome H. Powell, the Fed chair, struck a cautionary tone while speaking at a news conference following that meeting, warning that recovery could take time but pledging that monetary policymakers would do what they could to cushion the blow and help to get the labor market back on track. | Central bank officials met on April 28-29, and notes from the gathering were released Wednesday. Jerome H. Powell, the Fed chair, struck a cautionary tone while speaking at a news conference following that meeting, warning that recovery could take time but pledging that monetary policymakers would do what they could to cushion the blow and help to get the labor market back on track. |
| The minutes showed that Mr. Powell’s colleagues shared his concern over the economy’s future. In their post-meeting statement, Fed officials said that the pandemic posed “considerable risks to the economic outlook” over the medium term. | The minutes showed that Mr. Powell’s colleagues shared his concern over the economy’s future. In their post-meeting statement, Fed officials said that the pandemic posed “considerable risks to the economic outlook” over the medium term. |
| “Participants expressed concern that the possibility of secondary outbreaks of the virus may cause businesses for some time to be reluctant to engage in new projects, rehire workers or make new capital expenditures,” according to the minutes. | “Participants expressed concern that the possibility of secondary outbreaks of the virus may cause businesses for some time to be reluctant to engage in new projects, rehire workers or make new capital expenditures,” according to the minutes. |
| Officials at the meeting also worried that foreign economies, particularly emerging markets, “could come under extreme pressure as a result of the pandemic and that this strain could spill over to and hamper U.S. economic activity.” | Officials at the meeting also worried that foreign economies, particularly emerging markets, “could come under extreme pressure as a result of the pandemic and that this strain could spill over to and hamper U.S. economic activity.” |
| They voiced concern that the labor market might see longer-term damage if the crisis lingered and workers lost skills amid heightened unemployment. | They voiced concern that the labor market might see longer-term damage if the crisis lingered and workers lost skills amid heightened unemployment. |
| There have been plenty of jaw-dropping digital moments during the coronavirus pandemic. | There have been plenty of jaw-dropping digital moments during the coronavirus pandemic. |
| But none went viral like “Plandemic,” a 26-minute video that wrongly claimed a shadowy cabal of elites was using the virus and a potential vaccine to profit and gain power. The video featured a discredited scientist, Judy Mikovits, who said her research about the harm from vaccines had been buried. | But none went viral like “Plandemic,” a 26-minute video that wrongly claimed a shadowy cabal of elites was using the virus and a potential vaccine to profit and gain power. The video featured a discredited scientist, Judy Mikovits, who said her research about the harm from vaccines had been buried. |
| “Plandemic” went online on May 4 when its maker, Mikki Willis, a little-known film producer, posted it to Facebook, YouTube, Vimeo and a separate website set up to share the video. For three days, it gathered steam in Facebook pages dedicated to conspiracy theories and the anti-vaccine movement, most of which linked to the video hosted on YouTube. Then it tipped into the mainstream and exploded. | “Plandemic” went online on May 4 when its maker, Mikki Willis, a little-known film producer, posted it to Facebook, YouTube, Vimeo and a separate website set up to share the video. For three days, it gathered steam in Facebook pages dedicated to conspiracy theories and the anti-vaccine movement, most of which linked to the video hosted on YouTube. Then it tipped into the mainstream and exploded. |
| Just over a week after “Plandemic” was released, it had been viewed more than eight million times on YouTube, Facebook, Twitter and Instagram, and had generated countless other posts. | Just over a week after “Plandemic” was released, it had been viewed more than eight million times on YouTube, Facebook, Twitter and Instagram, and had generated countless other posts. |
| “Plandemic” stormed into people’s Facebook, Twitter and YouTube feeds even though its claims were widely debunked and the social media companies vowed to remove the video. Yet it has continued spreading online, raising questions about how it might damage trust in the medical community and color people’s views on a coronavirus vaccine. | “Plandemic” stormed into people’s Facebook, Twitter and YouTube feeds even though its claims were widely debunked and the social media companies vowed to remove the video. Yet it has continued spreading online, raising questions about how it might damage trust in the medical community and color people’s views on a coronavirus vaccine. |
| Stocks rose on Wednesday, rebounding from a late drop the day before, as investors were cheered by some strong results from retailers and another jump in oil prices lifted shares of energy producers. | Stocks rose on Wednesday, rebounding from a late drop the day before, as investors were cheered by some strong results from retailers and another jump in oil prices lifted shares of energy producers. |
| Markets have been volatile this week, with stocks rallying Monday and then falling on Tuesday, mostly as investors assessed a drugmaker’s claim of progress on a coronavirus vaccine. The drugmaker, Moderna, said that a very small early-stage trial of the vaccine had shown potential. | Markets have been volatile this week, with stocks rallying Monday and then falling on Tuesday, mostly as investors assessed a drugmaker’s claim of progress on a coronavirus vaccine. The drugmaker, Moderna, said that a very small early-stage trial of the vaccine had shown potential. |
| But reporting that questioned the specificity of that claim knocked stocks back in the final hour of trading on Tuesday. | But reporting that questioned the specificity of that claim knocked stocks back in the final hour of trading on Tuesday. |
| On Wednesday, more retailers reported better than expected results that encouraged investors. Lowe’s, the home supplies chain, reported an increase in comparable store sales in the first three months of the year. Target reported that digital sales in the first quarter had surged by 141 percent, though its shares fell slightly. Walmart, which had reported soaring sales the day before, added to its recent gains. | On Wednesday, more retailers reported better than expected results that encouraged investors. Lowe’s, the home supplies chain, reported an increase in comparable store sales in the first three months of the year. Target reported that digital sales in the first quarter had surged by 141 percent, though its shares fell slightly. Walmart, which had reported soaring sales the day before, added to its recent gains. |
| Delta Air Lines and United Airlines both jumped. Delta’s chief executive said in a television interview that the airline was likely to increase flight capacity during the summer as travel started to pick up, and United said it was working on a plan with Clorox and the Cleveland Clinic to reduce points of contact and promote social distancing for travelers. | Delta Air Lines and United Airlines both jumped. Delta’s chief executive said in a television interview that the airline was likely to increase flight capacity during the summer as travel started to pick up, and United said it was working on a plan with Clorox and the Cleveland Clinic to reduce points of contact and promote social distancing for travelers. |
| The S&P 500 rose nearly 2 percent, and stocks in Europe also ended higher. | The S&P 500 rose nearly 2 percent, and stocks in Europe also ended higher. |
| Oil prices continued their recent rally, with the U.S. crude benchmark climbing more than 5 percent above $33 a barrel. A number of energy stocks also rallied. Chevron and Exxon were each up about 3 percent. | Oil prices continued their recent rally, with the U.S. crude benchmark climbing more than 5 percent above $33 a barrel. A number of energy stocks also rallied. Chevron and Exxon were each up about 3 percent. |
| After sinking to once unthinkable lows, oil prices have rebounded this month after oil producing nations cut output and consumption also picked up. | After sinking to once unthinkable lows, oil prices have rebounded this month after oil producing nations cut output and consumption also picked up. |
| Only one in five Americans expects overall business conditions to be “very” or “somewhat” good over the next year, according to a survey for The New York Times. Sixty percent foresee “periods of widespread unemployment or depression” over the next five years. | Only one in five Americans expects overall business conditions to be “very” or “somewhat” good over the next year, according to a survey for The New York Times. Sixty percent foresee “periods of widespread unemployment or depression” over the next five years. |
| The poll was conducted this month by the online research platform SurveyMonkey. The results are little changed from a month earlier, and may even reflect a slight decline in outlook, signaling that the incipient reopening of businesses and federal and state political moves to deal with the coronavirus pandemic have had little impact on confidence. | The poll was conducted this month by the online research platform SurveyMonkey. The results are little changed from a month earlier, and may even reflect a slight decline in outlook, signaling that the incipient reopening of businesses and federal and state political moves to deal with the coronavirus pandemic have had little impact on confidence. |
| That outlook could have serious implications for the economic recovery. If Americans fear that their jobs are in jeopardy or that business will remain slow, they may be less likely to spend even if their finances are stable. | That outlook could have serious implications for the economic recovery. If Americans fear that their jobs are in jeopardy or that business will remain slow, they may be less likely to spend even if their finances are stable. |
| Among those who have kept their jobs and their hours, more than 80 percent say their finances are at least as good as a year ago, and most are confident that their finances will remain steady over the next year, even as they worry about the broader economy. | Among those who have kept their jobs and their hours, more than 80 percent say their finances are at least as good as a year ago, and most are confident that their finances will remain steady over the next year, even as they worry about the broader economy. |
| But for those who have lost their jobs, it is a different picture. Many are skeptical that they will quickly find new work. Two-thirds say their finances have taken a hit, and most don’t expect their situation to improve over the next year. | But for those who have lost their jobs, it is a different picture. Many are skeptical that they will quickly find new work. Two-thirds say their finances have taken a hit, and most don’t expect their situation to improve over the next year. |
| Internet providers like Charter and Comcast have introduced offers of free and low-cost internet with great fanfare in the last several weeks. The companies have said they want to help connect poor Americans during a pandemic that has shifted much of life online. | Internet providers like Charter and Comcast have introduced offers of free and low-cost internet with great fanfare in the last several weeks. The companies have said they want to help connect poor Americans during a pandemic that has shifted much of life online. |
| Schools and community organizations have aggressively promoted the offers. Scores of customers have tried to sign up. | Schools and community organizations have aggressively promoted the offers. Scores of customers have tried to sign up. |
| Updated June 16, 2020 | Updated June 16, 2020 |
| The steroid, dexamethasone, is the first treatment shown to reduce mortality in severely ill patients, according to scientists in Britain. The drug appears to reduce inflammation caused by the immune system, protecting the tissues. In the study, dexamethasone reduced deaths of patients on ventilators by one-third, and deaths of patients on oxygen by one-fifth. | |
| The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave. | The coronavirus emergency relief package gives many American workers paid leave if they need to take time off because of the virus. It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of the coronavirus. It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers, and gives small employers significant leeway to deny leave. |
| So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. | So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement. |
| Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. | Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks. |
| A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. | A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study. |
| The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. | The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April. |
| Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. | Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission. |
| States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. | States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people. |
| Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. | Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days. |
| If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) | If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.) |
| Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. | Taking one’s temperature to look for signs of fever is not as easy as it sounds, as “normal” temperature numbers can vary, but generally, keep an eye out for a temperature of 100.5 degrees Fahrenheit or higher. If you don’t have a thermometer (they can be pricey these days), there are other ways to figure out if you have a fever, or are at risk of Covid-19 complications. |
| The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. | The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing. |
| If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. | If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others. |
| If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. | If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested. |
| But people signing up for the programs have encountered unexpected difficulties and roadblocks, according to interviews with people who have tried to sign up or who have helped them. Their stories highlight the way that the pandemic has stretched the gap between Americans who have easy access to the internet and those who do not, cutting the latter group off from venues for learning, work and play. | But people signing up for the programs have encountered unexpected difficulties and roadblocks, according to interviews with people who have tried to sign up or who have helped them. Their stories highlight the way that the pandemic has stretched the gap between Americans who have easy access to the internet and those who do not, cutting the latter group off from venues for learning, work and play. |
| The benefits and rules of the offers vary widely, so a customer may not qualify for free service while someone in identical circumstances elsewhere in the country can sign up. Sometimes, people must endure hourslong waits on the phone to sign up, which can lead some to give up before they ever talk to a customer service agent. Others have been deterred by language barriers or are wary of requests for identification. | The benefits and rules of the offers vary widely, so a customer may not qualify for free service while someone in identical circumstances elsewhere in the country can sign up. Sometimes, people must endure hourslong waits on the phone to sign up, which can lead some to give up before they ever talk to a customer service agent. Others have been deterred by language barriers or are wary of requests for identification. |
| “We need a more stable solution that doesn’t have all the gaps in eligibility and delivery that these free and reduced offers provide us,” said Angela Siefer, the executive director of the National Digital Inclusion Alliance. | “We need a more stable solution that doesn’t have all the gaps in eligibility and delivery that these free and reduced offers provide us,” said Angela Siefer, the executive director of the National Digital Inclusion Alliance. |
| Cleaning with clouds of disinfectant. Keeping middle seats empty. Boarding back to front. For weeks, airlines have announced measure after measure aimed at putting travelers at ease. Now United Airlines hopes to lure customers back by partnering with two trusted brands: Clorox and the Cleveland Clinic. | Cleaning with clouds of disinfectant. Keeping middle seats empty. Boarding back to front. For weeks, airlines have announced measure after measure aimed at putting travelers at ease. Now United Airlines hopes to lure customers back by partnering with two trusted brands: Clorox and the Cleveland Clinic. |
| On Wednesday, the airline said it was collaborating with both companies on a new initiative, United CleanPlus, that would help shape efforts to reduce points of contact and promote social distancing for travelers. | On Wednesday, the airline said it was collaborating with both companies on a new initiative, United CleanPlus, that would help shape efforts to reduce points of contact and promote social distancing for travelers. |
| Clorox will consult with the airline on its disinfection practices and provide amenities to travelers at some locations. Experts from the Cleveland Clinic will offer advice on every part of the flying experience, keeping the airline up-to-date on the latest practices and technologies and helping to hold its policies to high standards. | Clorox will consult with the airline on its disinfection practices and provide amenities to travelers at some locations. Experts from the Cleveland Clinic will offer advice on every part of the flying experience, keeping the airline up-to-date on the latest practices and technologies and helping to hold its policies to high standards. |
| From sneezeguards and touch-free kiosks in airport lobbies to boarding fewer customers and frequent cleanings at airport gates, the major airlines have steadily reshaped what it looks like to fly. On board, face coverings are now required, snacks are dispensed in sealed bags if at all and cabins are cleaned regularly. | From sneezeguards and touch-free kiosks in airport lobbies to boarding fewer customers and frequent cleanings at airport gates, the major airlines have steadily reshaped what it looks like to fly. On board, face coverings are now required, snacks are dispensed in sealed bags if at all and cabins are cleaned regularly. |
| A quandary is lurking at the heart of the efforts to revive the economy. | A quandary is lurking at the heart of the efforts to revive the economy. |
| In recent decades, a growing share of job growth and gross domestic product has come from the business of getting people together — from college sports and music festivals like Coachella to ax-throwing bars and ice cream museums. Yet given the infectious nature of the coronavirus, these very events will be among the very last to return. | In recent decades, a growing share of job growth and gross domestic product has come from the business of getting people together — from college sports and music festivals like Coachella to ax-throwing bars and ice cream museums. Yet given the infectious nature of the coronavirus, these very events will be among the very last to return. |
| That bleak truth has profound implications for businesses large and small, writes David Gelles. And with most large-scale gatherings on hold for the foreseeable future, the dearth of live events is already taking a psychological toll, not only on those in the industry but on society at large. | That bleak truth has profound implications for businesses large and small, writes David Gelles. And with most large-scale gatherings on hold for the foreseeable future, the dearth of live events is already taking a psychological toll, not only on those in the industry but on society at large. |
| “Human contact is really what our business is built on,” said Roland Swenson, chief executive of South by Southwest, the music, film and technology festival in Austin, Texas, which was canceled in March. “If that is lost, then the world will be a poorer place.” | “Human contact is really what our business is built on,” said Roland Swenson, chief executive of South by Southwest, the music, film and technology festival in Austin, Texas, which was canceled in March. “If that is lost, then the world will be a poorer place.” |
| Rolls-Royce, the maker of jet engines, said on Wednesday that it would cut nearly 20 percent of its work force to deal with collapsing demand because of the coronavirus pandemic. | Rolls-Royce, the maker of jet engines, said on Wednesday that it would cut nearly 20 percent of its work force to deal with collapsing demand because of the coronavirus pandemic. |
| Rolls-Royce, one of Britain’s most important manufacturers, suggested that most of the job losses would come from its civil aerospace business, which produces engines for aircraft makers like Airbus and Boeing as well as airlines. The cuts — at least 9,000 jobs from a global work force of 52,000 — would come as part of a “detailed review” of its facilities, the company said. | Rolls-Royce, one of Britain’s most important manufacturers, suggested that most of the job losses would come from its civil aerospace business, which produces engines for aircraft makers like Airbus and Boeing as well as airlines. The cuts — at least 9,000 jobs from a global work force of 52,000 — would come as part of a “detailed review” of its facilities, the company said. |
| The bulk of the world’s commercial airliners are grounded, and aircraft sales have slowed sharply and are not expected to fully recover for “several years,” according to the company. Rolls-Royce is losing revenue both from reduced engine sales and from lost sales of parts used to maintain its engines. | The bulk of the world’s commercial airliners are grounded, and aircraft sales have slowed sharply and are not expected to fully recover for “several years,” according to the company. Rolls-Royce is losing revenue both from reduced engine sales and from lost sales of parts used to maintain its engines. |
| “We must respond to market conditions for the medium term until the world of aviation is flying again at scale,” Warren East, the company’s chief executive, said in a statement. | “We must respond to market conditions for the medium term until the world of aviation is flying again at scale,” Warren East, the company’s chief executive, said in a statement. |
| The carmaker Rolls-Royce is a separate company, owned by BMW. | The carmaker Rolls-Royce is a separate company, owned by BMW. |
| L Brands, the owner of Victoria’s Secret and Bath & Body Works, posted a first-quarter net loss of nearly $300 million on Wednesday and said that net sales fell 37 percent in the quarter to $1.65 billion. Sales at Victoria’s Secret fell by almost half, while Bath & Body Works was slightly better with an 18 percent decline, even though most of the company’s stores have been closed since March 17. The company, which recently scuttled a deal to sell Victoria’s Secret to a private equity firm, will hold its earnings call on Thursday morning. | L Brands, the owner of Victoria’s Secret and Bath & Body Works, posted a first-quarter net loss of nearly $300 million on Wednesday and said that net sales fell 37 percent in the quarter to $1.65 billion. Sales at Victoria’s Secret fell by almost half, while Bath & Body Works was slightly better with an 18 percent decline, even though most of the company’s stores have been closed since March 17. The company, which recently scuttled a deal to sell Victoria’s Secret to a private equity firm, will hold its earnings call on Thursday morning. |
| BOC Aviation, an aircraft leasing company controlled by the Chinese government, acquired a stake of almost 13 percent in Norwegian Air Shuttle, the budget airline said Wednesday in a regulatory filing. BOC acquired the shares in the course of a debt restructuring, which was part of a bailout of Norwegian by the government of Norway. Norwegian leases aircraft from BOC, but it is struggling as passenger air traffic has almost entirely halted amid the coronavirus pandemic. | BOC Aviation, an aircraft leasing company controlled by the Chinese government, acquired a stake of almost 13 percent in Norwegian Air Shuttle, the budget airline said Wednesday in a regulatory filing. BOC acquired the shares in the course of a debt restructuring, which was part of a bailout of Norwegian by the government of Norway. Norwegian leases aircraft from BOC, but it is struggling as passenger air traffic has almost entirely halted amid the coronavirus pandemic. |
| Urban Outfitters, which also owns Anthropologie and Free People, reported a 32 percent drop in net sales to $588 million in the first quarter and a net loss of $138 million, a decline that comes as apparel retailers continue to struggle with temporary store closures brought on by the pandemic. The retailer said on an earnings call that it was negotiating with landlords on lease terms and cost reductions. | Urban Outfitters, which also owns Anthropologie and Free People, reported a 32 percent drop in net sales to $588 million in the first quarter and a net loss of $138 million, a decline that comes as apparel retailers continue to struggle with temporary store closures brought on by the pandemic. The retailer said on an earnings call that it was negotiating with landlords on lease terms and cost reductions. |
| Reporting was contributed by Neal E. Boudette, Ben Casselman, Jim Tankersley, David Gelles, Niraj Chokshi, Stanley Reed, Carlos Tejada, Cade Metz, David McCabe, Erin Griffith, Jack Ewing, Jason Karaian, Amy Haimerl, Eugene L. Meyer, Mohammed Hadi, Jeanna Smialek and Sapna Maheshwari. | Reporting was contributed by Neal E. Boudette, Ben Casselman, Jim Tankersley, David Gelles, Niraj Chokshi, Stanley Reed, Carlos Tejada, Cade Metz, David McCabe, Erin Griffith, Jack Ewing, Jason Karaian, Amy Haimerl, Eugene L. Meyer, Mohammed Hadi, Jeanna Smialek and Sapna Maheshwari. |