Monday, 6 April 2020

Daily Investor Update: Honda, Fiat Chrysler cancel all April U.S., Canadian auto production

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Honda, Fiat Chrysler cancel all April U.S., Canadian auto production

Honda Motor Co and Fiat Chrysler Automobiles NV said on Monday they will extend their auto production shutdown in the United States and Canada to all of April.

New York, New Jersey see early signs of coronavirus 'flattening'

The governors of New York and New Jersey said on Monday their states were showing tentative signs of a "flattening" of the coronavirus outbreak, but they warned against complacency as the nationwide death toll topped 10,000 and the number of cases reached 350,000.

Coronavirus muddies U.S. economic data as business closures push down response rates

A near total closure of U.S. businesses as authorities try to control the spread of the novel coronavirus could make U.S. economic data unreliable in the coming months and harder to get a clearer picture of the severity of the recession caused by the virus.

NYSE in talks with SEC to ease listing rules during coronavirus volatility

The New York Stock Exchange said on Monday it was in talks with regulators to temporarily ease its listing requirements to take the strain off companies that may have fallen out of compliance due to the market rout spurred by the coronavirus.

Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar

Oil prices slumped on Monday, pulling back from last week's gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand.

CVS ramps up drive-through coronavirus testing sites with faster kits

CVS Health Corp , called on by the Trump administration last month to help test Americans for infections from the new coronavirus, said it was launching two offsite testing locations with Abbott Laboratories' faster diagnostic kit and would be able to handle 1,000 tests per day.

Fed says it will provide financing against new U.S. 'payroll protection' loans

The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the U.S. central bank for cash, easing concerns among banks about getting stuck holding the low interest loans.

Tiger at New York's Bronx Zoo tests positive for coronavirus

A tiger at the Bronx Zoo in New York City has tested positive for the respiratory disease caused by the novel coronavirus, in the first known case of a human infecting an animal and making it sick, the zoo's chief veterinarian said on Sunday.

Airbus announces additional production pauses

Airbus said on Monday it had decided additional production pauses, in Germany and in the United States, in response to an industry-wide slowdown triggered by the coronavirus crisis.

Alaska's RavnAir bankruptcy while awaiting government aid shows regional airlines' challenges

RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that government aid would not arrive before it ran out of cash in the midst of an "astonishing" decline in bookings and revenue due to the coronavirus.

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