Today is Tuesday, May 19 and we are reading that stock futures are flat after a 900 point surge yesterday, U.S. housing starts fell by the most on record in April and liabilities for businesses and doctors are top priorities in the next stimulus bill. We also see that Amazon has delivered more than 100 million pieces of protective gear to front line workers and governments and Southwest Airlines shares jump after it reports new bookings are now outpacing cancellations.
Stock futures were little changed on Tuesday after the market scored its best session in six weeks a day earlier on rising optimism about a coronavirus vaccine.
U.S. home construction starts plunged in April by the most in records back to 1959, as the nationwide lockdown to control the spread of the coronavirus hammered the housing market and broader economy.
Republican leaders including Vice President Mike Pence, Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell, R-Ky., are set to discuss their priorities for another coronavirus relief bill Tuesday, House Minority Leader Kevin McCarthy said.
Amazon has delivered more than 100 million pieces of protective gear to front line workers and governments during coronavirus pandemic
Amazon says it has provided more than 100 million items to front-line workers and government agencies hit hardest by shortages of protective equipment during the coronavirus outbreak.
Southwest Airlines rose more than 4% in premarket trading Tuesday after the low-cost carrier said new bookings are outpacing cancellations, a turning point in the pandemic that had devastated air travel demand.