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Coronavirus update May 29

Current Events, Financial Crisis

Coronavirus
- "Shocking": Americans Flood Beaches, Trampling Social Distancing Rules
- Virginia Reports Record Jump In New Cases Two Weeks After Reopening: Live Updates
- Missouri officials slam 'irresponsible and dangerous' behavior seen in images of Memorial Day crowds
- Local officials stunned by raucous Memorial Day festivities
- Memorial Day weekend draws throngs despite pandemic; Dr. Birx of White House coronavirus task force is ‘very concerned’ over crowd scenes
- As 100,000 die, the virus lays bare America's brutal fault lines – race, gender, poverty and broken politics

Business/Economics
- Hertz, Car Rental Pioneer, Files for Bankruptcy Protection
- Bankruptcy Tsunami Begins: Thousands Of Default Notices Are "Flying Out The Door"
- Hertz Files For Bankruptcy As Lockdowns Crush Rental Car Industry
- The Bank of Japan Was The Biggest Buyer Of Japanese Corporate Bonds In April
- J.P. Morgan’s Jamie Dimon: ‘You could see a fairly rapid recovery’
- Boeing CEO Provides Update on Workforce Actions
- Over 40 Million Jobless In 10 Weeks - "Nobody Ever Imagined It Would Get This Bad So Fast"
- 1 in 4 American workers have filed for unemployment benefits during the pandemic
- Pending Home Sales Plummet 35% YoY - Biggest Drop Ever As Buyers Forfeit Deposits
- The Collapse In US Durables Goods Orders Accelerates In April
- Walmart Now Sells Used Clothing As Unemployment Nears Great Depression Levels
- U.S. economy shrank at 5% annual rate in the first quarter
- Salaries Get Chopped for Many Americans Who Manage to Keep Jobs
- Chicago PMI Plummets To 11 Year Low As Orders, Production Plunge
- Savings Rate Soars To Record Highs As American Consumer Spending Crashes By Most Ever
- -51.2%! Atlanta Fed Now Expects Staggering Collapse In Q1 GDP
- Fed's Harker: Pandemic Is Worsening US Inequality
- U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending
- Tesla cuts car prices by up to $5,000

Politics
- Twitter adds fact-check warning label to Trump’s tweets for first time
- Twitter Tags Trump Tweet On Minneapolis Riots With "Glorifying Violence" Warning
- Trump: US to Cut Ties With WHO, Withdraw Trade Ties With Hong Kong

World
- German government takes controls at Lufthansa with bailout
- Latam Air Files Chapter 11 Bankruptcy, Stymied by Lockdowns
- Hong Kong Erupts: Tear Gas Deployed As Thousands Fill Streets To Oppose China's National Security Law
- Xi Jinping urges China's army to prepare for armed combat as Hong Kong protests restart over a new bill that would strip away the city's freedoms
- Japan approves funds for $1.1 trillion stimulus to fight pandemic
- Venezuela Allowed To Sell UK-Stored Gold To Buy Food And Medicine
- China Says It Will Use Military Force to Take Control of Taiwan If Diplomacy Fails
- Half of Britain is broke – and the other half is richer than ever

US
- "Fire Is Raging On Fisherman's Wharf" - 4-Alarm Blaze Rips Through San Francisco Warehouse
- Four Minneapolis officers fired after death of black man
- Minneapolis cop who knelt on man’s neck charged with murder
- AP PHOTOS: Rage in Minneapolis after George Floyd's death
- Minnesota governor apologizes for arrest of CNN crew
- Facebook Says Trump Order Aimed At Social Media Will Trigger More Censorship

Protests
- Ferguson 2.0? "It's Real Ugly" As Protesters Clash With Minneapolis Police
- "Minneapolis Is Burning" - Buildings Torched, Stores Looted, Protests Over George Floyd Intensify
- Violent protests rock Minneapolis for 2nd straight night
- National Guard called to respond to Minneapolis violence
- George Floyd Protests See Violence Break Out in Seven Cities
- 'When the looting starts, the shooting starts': Trump threatens to 'assume control' of Minneapolis in extraordinary tweet about rioter 'THUGS' as National Guard rolls into the city and George Floyd protests erupt across the U.S.
- Violent Rioters Breach Ohio Statehouse, Breaking Windows and Entering Building to Protest Death of George Floyd
- Protests over George Floyd’s death spread across the nation

Food
- Grocery prices rising at highest rate since 2012

Space
- SpaceX's moment of triumph arrives as astronauts ready for US launch
- SpaceX Crew Dragon launch postponed due to poor weather
- NASA-SpaceX Launch Set for Second Attempt on Saturday

Posted: 2020-05-29 17:32:45


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