Joe Raedle/Getty Images American Airlines will begin furloughing 19,000 employees on Thursday as Congress fails to reach a deal on a COVID-19 relief bill, CEO Doug Parker announced to employees. The House was set to vote on a $2.2-trillion stimulus package on Wednesday, but the vote was delayed in a last-minute attempt to negotiate a deal with the White House. Visit Business Insider's homepage for more stories. —davidshepardson (@davidshepardson) September 30, 2020 Something is loading.
A 'terrible missed opportunity.' That's how moderator Chris Wallace summed up Tuesday's debate between President Donald Trump and Joe Biden. Business Insider reports Trump repeatedly interrupted both the Democratic nominee and Wallace throughout the 90-minute debate. Trump relentlessly talked over and insulted Biden, prompting the former vice president to scold Trump within the first 20 minutes of the debate.
For the tens of millions who have lost their jobs in the wake of the pandemic, life at home has also changed dramatically for millions of Americans. According to Business Insider contributor Rebecca Chamaa, there are ways to keep your grocery bill under control, even if eating out is no longer an option. First, start with shopping by list, not by impulse. Plan your meals and shop accordingly. Pick recipes that use what you've already got. Become a big fan of leftovers.
US Senate Majority Leader Mitch McConnell (R-Ky.) has made it clear he isn't fond of the most recent $2.2 trillion Democratic stimulus plan. On Wednesday, Business Insider reports McConnell called it 'outlandish,' saying 'We're very, very far apart on a deal.' The plan included restoring the $600 federal unemployment benefit until January, another round of $1,200 direct payments to taxpayers. Sen.
On Tuesday, JPMorgan's Grace Peters told CNBC's "Squawk Box Europe" the S&P 500 could hit 3,750 by September 2021. Business Insider reports that would represent a 12% premium over Tuesday's closing price of 3,335.47. On the outlook for US stocks, she said, "We can see around a 10% upside over a 12-month view." Peters said investors should look at areas that have seen "structural growth" like construction, healthcare, and digital-transformation.
The nation's top infectious disease expert, Dr. Anthony Fauci, said on Thursday he believes “there's good enough data to say that aerosol transmission does occur.” This report produced by Yahaira Jacquez.