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The Gazette in Medina, Ohio

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Oct 06, 2020

Page

12

Economists warn virus resurgence and relief gaps threaten recovery

A NABE survey of 52 forecasters finds 55 percent view a second coronavirus wave as the top risk while 20 percent cite lack of further US aid. They project GDP to fall 4.3 percent in 2020 with a 3.6 percent rise in 2021, and job losses may be only partially reversed.

Washington U.S Congress National Association For Business Economics NABE Eugenio Aleman Wells Fargo Bank

Wall Street jumps on stimulus hopes rally fuels gains

The S&P 500 rose 1.8 percent to 3408.63 and the Dow gained 465.83, as investors priced in possible U.S. economic aid after Trump tested positive for COVID-19. Nasdaq climbed 257.47 and Russell 2000 rose 42.67 with energy and tech led gains. Biden victory prospects and talks of a larger relief package buoyed optimism.

New York Wall Street Washington Donald Trump Treasury Trump House Nancy Pelosi White House Joe Biden Yousef Abbasi Stonex Pelosi Dow Industrials Dow Transportation Dow Utilities NYSE S&p Wilshire Fussell NYMX CME New York Mercantile Exchange CBOT Chicago Board of Trade Chicago Mercantile Sugar (World ICE Intercontinental Exchange Mutua American AmrenBalAm CptWidGrincAm FdmillavsAm Grfamrca m Incamrca m Invcamrca m NwPrspctvAm Wamtinvsam Dodge & Cox Inc Dodge & Cox Fidelity Schwab Vanguard Diversav Vanguard Vanguard Hcadmrl Vanguard NL Doe SEC

Southwest Airways to cut pay and threaten furloughs

Southwest Airlines plans 10 percent pay cuts for non union workers starting January and seeks similar concessions from unions to avert widespread layoffs through 2021 as air travel remains down about 70 percent. CEO Gary Kelly says federal support is crucial to avoid quarterly losses, with many staff on long leaves or retirement buyouts already.

Dallas Southwest Airlines Gary Kelly Southwest Kelly Southwest Airlines Co Delta Air Lines American Airlines United Airlines Congress White House

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