Stark Evidence of Viral Outbreak's U.S. Economy Damage
The piece outlines economists' expectations that July job gains will lag, with unemployment still high and long term job losses expected. It notes enduring shifts to online shopping and remote work, potential permanent layoffs, and the need for workers to pivot to new industries as firms recall only a fraction of pre pandemic hiring.
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FactSet
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Capitol negotiators stuck in talks on virus aid
After weeks of meetings, bipartisan talks on a large COVID 19 relief bill show little progress. Key figures including Pelosi Mnuchin Meadows and DeJoy push for major items such as extended unemployment benefits school aid and state local funding while negotiations consider liability shields and further PPP aid amid ongoing tensions and looming executive options.
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Wall Street extends rally as S P 500 nears record
U S stocks climb with the S P 500 up 0 6 percent to 3327 77 and the Dow at 27201 52 while the Nasdaq rises to a record of 10998 40 Wall Street focuses on Washington talks for more aid as unemployment benefits expire and hiring undercuts expectations Fiat Chrysler recalls about 1 million vehicles over 2 4 liter Tigershark engines in several Jeep and Chrysler models due to excess emissions and EPA confirmation
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Schwab SP500Idx 44,229 51.44 +6.4 +19.3/A +11.8/A NL 0 T. Rowe Price BCGr
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