Your Daily Roundup for April 21st
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Good morning. As the COVID-19 pandemic takes a toll on the U.S. economy, our team at Future Majority is tracking the latest updates:
Oil prices have dropped significantly, leading to a collapse in the stock market:
The price of crude U.S. oil fell significantly Monday to -$37.63 per barrel, and today affected other indicators, with prices going deep into negative territory.
In a response, stocks dropped nearly 2% this morning in the U.S. and similar declines were felt around the globe.
Major businesses and employees are being hit hard:
Coca-cola’s global sales volume dropped 25% in a month.
Hertz, the car rental company, laid off 10,000 workers in North America.
Airlines are set to receive payroll support from the federal government:
Six airlines reached a deal with the Treasury to receive $2.9 billion in payroll support through the Payroll Support Program.
Trump’s handling of the COVID-19 pandemic has receded:
An ABC News/Ipsos poll out late last week found that a majority of Americans disapprove of Trump’s handling of the COVID-19 crisis:
- Approve: 44%
- Disapprove: 54%
Your Daily Round Up for February 28thGood afternoon. Here are the latest news and updates that our team at Future Majority is tracking. Another Saturday, another
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