Happy Thursday Everyone. Today is July 16th and U.S. stock futures fell on Thursday with investors focused on earnings results and looking ahead to the weekly U.S. jobless claims report, which claims total 1.30 million versus the 1.25 million estimate. Qantas is set to cancel nearly all its international flights until March 2021 as pandemic batters air travel. Dominoes Pizza same-store sales soared as consumers continue to order more delivery and U.S. retail sales rose 7.5% in June.
on Thursday with investors focused on earnings results and looking ahead to the weekly U.S. jobless claims report. Dow Jones Industrial Average futures traded 150 points lower, or 0.6%. S&P 500 futures dipped 0.7% and Nasdaq-100 futures were off by 1.4%.
Domino’s Pizza earned $2.99 per share during its latest quarter. Consumers are ordering more pizza during the coronavirus pandemic, boosting its U.S. sales. The company also announced that Chief Financial Officer Jeff Lawrence will retire.
The number of Americans who filed for unemployment benefits rose more than expected last week as the country continues to grapple with the economic impacts of the coronavirus pandemic. Initial weekly jobless claims came in at 1.3 million for the week ending July 11, the Labor Department said Thursday. Economists polled by Dow Jones expected a print of 1.25 million.
Qantas is set to cancel nearly all its international flights until March 2021 as pandemic batters air travel
Qantas has removed the inventory for nearly all of its international flights until March of 2021, as the coronavirus pandemic continues to batter air travel.The airline announced in June that it was retiring its six Boeing 747 planes immediately, six months before initially planned, and slashing 20% of its staff. By April, air travel had fallen more than 90% from the previous year, according to IATA, in what it expects to be the worst year in the industry’s history.
U.S. retail sales increased a better-than-expected 7.5% in June. That was on top of the 18.2% jump in May, which was the biggest gain since the government started tracking the series in 1992. The budding economic recovery is being threatened, however, by a resurgence in new Covid-19 infections and high unemployment.