Monday, 13 April 2020

Daily Investor Update: Crude mixed on output deal, recession fears; shares slip

Reuters.com Newsletter

Crude mixed on output deal, recession fears; shares slip

Stocks on Wall Street slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut.

Oil mixed as demand worries offset gains from output cut deal

Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic.

Exclusive: U.S. Treasury wants details on airline debt, liquidity, loyalty programs - sources

U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on the matter told Reuters.

The list of U.S. Treasury questions for airlines seeking bailout cash

U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said.

Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money - sources

(This April 10 story has been refiled to fix typo in 'aid' in paragraph nineteen.)

U.S. airlines ease loyalty programs in coronavirus travel slump

U.S. airlines are extending loyalty program benefits and status into 2021 for members homebound because of the new coronavirus.

Single passenger flights: The daily woes of airlines, and the crew still working

When Reuters photographer Carlos Barria boarded American Airlines flight 4511 from Washington Reagan National Airport to New Orleans on Friday for an assignment, he was the only passenger on the 76-seat jet.

Trump: It's my decision when to reopen U.S. economy

President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors, but legal experts disagree and governors are going their own way.

Wall Street slides as focus shifts to earnings

U.S. stocks fell in subdued trading on Monday after a strong rally last week, as U.S. companies prepared to kick off a widely expected painful quarterly earnings season due to the coronavirus pandemic.

U.S. government holding firm on airline aid plan, could end up with 3% of American Airlines

The U.S. Treasury Department is holding firm on the terms of a $25 billion offer for government aid to airlines to help them meet payroll during the coronavirus downturn, officials said on Monday, and the plan could give the government more than 3% of American Airlines Group Inc .

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