Shares of major U.S. airlines and cruise operators dropped on Friday after President Trump tested positive with Covid-19.
Cruise operators also weakened Friday morning with Carnival and Norwegian losing 5% each and Royal Caribbean dropping more than 4%.for coronavirus, sending stock futures lower. In a tweet shortly before 1 a.m. ET, Trump said: "We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!"
Trump's diagnosis could impact the White House's stance on the virus and dent hope the economy reopens quickly. Airline and cruise line stocks hinge on the reopening of the economy. The industries have been hit hard by the Covid-19 pandemic, that forced a nationwide shutdown of the economy and kept millions of Americans in their homes. The major airlines' stocks are still 50% and 60% from their 52-week highs, while the cruise lines are 50% and 70% off their highs.
Airlines have also been hoping for a second stimulus package, which has been caught in gridlock in Washington. The airline industry is on the verge of laying of thousands of employees if it does not get fiscal support. Plus, cruise lines were under pressure when the Centers for Disease Control and Prevention on Wednesday extended its ban on passenger cruising from U.S. ports through Oct. 31.for exclusive insights and analysis, and live business day programming from around the world.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Shares, oil prices sink after Trump tests positive for virusU.S. stock futures and Asian shares fell Friday after President Donald Trump said he and first lady Melania Trump had tested positive for the new coronavirus. The future contracts for both...
Weiterlesen »
Donald Trump, Melania Trump begin quarantine process after aide Hope Hicks gets COVID-19President Donald Trump and first lady Melania Trump are both beginning to quarantine after presidential aide Hope Hicks tested positive for COVID-19.
Weiterlesen »
Donald Trump, Melania Trump Test Positive For The CoronavirusThe president tested positive for COVID-19 while working on plans to reopen the country despite the risks of cases soaring again.
Weiterlesen »
President Donald Trump and first lady Melania Trump test positive for Covid-19President Donald Trump announced early Friday that he and his wife both tested positive for the coronavirus, an extraordinary development coming months into a global pandemic and in the final stretch of his reelection campaign in which he has flouted experts' guidance on preventing the disease's spread.
Weiterlesen »