United Airlines, Disney, Beyond Meat, Hertz, Victoria’s Secret – 5 things you should know Tuesday


1. – The future of equities increases as the United States relaxes lock restrictions

Stock futures rose on Tuesday after the United States began easing the lockdown restrictions and other countries such as Italy have resumed work after closing for weeks in an effort to stop the spread coronavirus.

Dow Jones industry average contracts were up 203 points, S&P 500 futures were up 22 points and Nasdaq futures were up 76 points.

Governor Gavin Newsom of California, the first state to shut down its economy following the coronavirus epidemic, said that the rules for staying at home would be eased modestly starting Friday.

According to Johns Hopkins University, the decision to open US states came as deaths from the virus approached 69,000, and infections in the United States reached 1.18 million.

The stocks ended with gains on Monday after the tech stocks rose. The Dow Jones gained 0.1%, the S&P 500 advanced 0.4% and the tech-rich Nasdaq finished with a solid 1.2% gain.

2. – United Airlines plans a management reduction of 30%

United airlines ((UAL) – Get a report plans to cut at least 3,400 management and administrative positions in October, reports say, and pilots are expected to prepare for a “move” that will affect around 30 percent of their ranks.

Management changes were anticipated as the coronavirus pandemic has decimated the airline industry and demand is not expected to recover.

Reuters said United has told its employees that it expects the airline’s management and administrative staff to be around 30% smaller as of October.

The airline is one of several companies that have accepted payroll assistance from the United States government that prohibits layoffs until September 30, Reuters noted.


Please enter your comment!
Please enter your name here