Watch live: Buy Black campaign launched to support Houston-area small, Black-owned businesses
As part of its Shop Local campaign, the Greater Houston Black Chamber and United are joining forces to launch the chamber’s 5th Annual Buy Black Campaign to promote and support Houston-area small, Black-owned businesses.
OPEC to increase oil output as global economy recovers
The OPEC oil cartel and allied producing countries have confirmed their plans to return 2.1 million barrels per day of oil output, balancing fears that continuing COVID-19 outbreaks in some countries will sap demand against rising demand from recovering economies around the globe.
Mexico beats US 1-0 in men's Olympic soccer qualifying
Now comes the winner-take-all semifinal Sunday night against Honduras or Canada for a trip to the men’s Olympic soccer tournament. Mexico, the 2012 Olympic champion, won its 14th straight Olympic qualifier dating to 2008 and finished first in Group A at 3-0. Ad“We wanted to win the game to be at the top of our group,” American defender Mauricio Pineda said. In the first game of the doubleheader, Costa Rica routed the Dominican Republic 5-0 in a matchup of eliminated teams. Randall Leal of Major League Soccer’s Nashville scored twice, and Manfred Ugalde, Bernald Alfaro and Aaron Salazar had one goal each.
NASA taps high school students for space station duct tape dispenser
Enter high school students from five different states, who have come up with the solution. Related: Artist dreams up mock mission to Mars with duct tape in NYCA view of the HUNCH (High school students United with NASA to Create Hardware) tape dispenser aboard the International Space Station. The HUNCH tape dispenser was developed and built by students at Windsor High School in Windsor, Connecticut; Lakewood High School in Lakewood, Colorado; Cypress Woods High School in Cypress, Texas; Decatur High School in Decatur, Alabama; Clear Creek High School in League City, Texas; and Dade County High School in Trenton, Georgia. Prior to the HUNCH (High school students United with NASA to Create Hardware) tape dispenser, duct, Kapton and other tapes were dispensed using scissors and affixed between use. More than 20 different adhesives are used aboard the orbital complex, though duct tape and Kapton tape are the most popular.space.com
United offering COVID-19 testing for passengers at Bush Airport
HOUSTON – United passengers can now get tested for coronavirus at George Bush Intercontinental Airport. The airline partnered with Xpress Spa to open the testing clinic in Terminal E.Passengers can choose from a rapid test with results available in 15 minutes or a PCR test with results in two to three days. If a passenger tests positive, the airline will work to rebook the passenger on a different flight. United and Xpress Spa opened a similar clinic at JFK Airport. Passengers can get more information about the clinic at United’s app, website or at the airline’s Travel Ready center at the airport.
Two travel stocks and one ETF could ride reopening wave as U.S. hits 70 million vaccine doses, strategists say
The S&P 500 may be coming off a losing week, but travel and leisure stocks have run hot. Bets on the reopening trade as the U.S. passed 70 million vaccine doses have ignited a fire under these stocks. "Lido Advisors has taken a position in their Lido recovery portfolio in Las Vegas Sands," Sanchez told CNBC's "Trading Nation" on Friday. Craig Johnson, chief market technician at Piper Sandler, says one stock could be a way to get exposure across the entire travel industry. He now sees the stock heading back to its former highs set in 2018 — a target that implies 35% upside.cnbc.com
Stocks making the biggest moves midday: Kohl's, Royal Caribbean, Discovery and more
Kohl's Corporation – The retailer's shares jumped more than 9% after a group of activist investors nominated nine directors for the company's board, while also pushing for other changes. Royal Caribbean – The cruise stock jumped more than 10% after Royal Caribbean said that future bookings are coming in at similar volumes and with higher average prices than pre-pandemic results. Shares of Goodyear jumped nearly 20%, while those of Cooper surged nearly 30%. M&T Bank, People's United Financial – The bank stocks rose on Monday after M&T announced that it had agreed to acquire the regional bank in an all-stock deal. Shares of M&T ticked up nearly 3%, while shares of People's United jumped more than 14%.cnbc.com
Spain arrests 80 in 3 nights of riots over rapper's jailing
A demonstrator throws a stone against police during clashes following a protest condemning the arrest of rap singer Pablo Hasl in Barcelona, Spain, Thursday, Feb. 18, 2021. Protests over the imprisonment of a rapper convicted for insulting the Spanish monarchy and praising terrorist violence have morphed for the third night in a row into rioting. Pablo Hasl began this week to serve a 9-month sentence in a northeastern prison. AdLike the two previous nights, the protests began Thursday with large gatherings in several cities that were, at first, mostly peaceful. In Catalonia's regional capital, Barcelona, hundreds sang songs, rapped and shouted “Pablo Hasél, freedom!"
United becomes first U.S. airline to offer COVID-19 testing access in airport
United becomes first U.S. airline to offer COVID-19 testing access in airport CBS News got an exclusive preview as United becomes the first U.S. airline to offer access to in-airport coronavirus testing to passengers through its app and website. Transportation correspondent Errol Barnett reports.cbsnews.com
Texan charged in Capitol riot accused of threatening to ‘assassinate’ Rep. Ocasio-Cortez, FBI says
Rep. Alexandria Ocasio-Cortez, D-NY, speaks during a news conference outside the United Stats Postal Service Jamaica station, Tuesday, Aug. 18, 2020, in the Queens borough of New York. The Postal Service said it has stopped removing mailboxes and mail-sorting machines amid an outcry from lawmakers, as President Donald Trump denied he was slowing service. They also say he called for violence in online posts, including a tweet that simply read “Assassinate AOC,” a reference to the liberal Ocasio-Cortez. In another tweet, Miller posted: “They are right next time we bring the guns," an FBI agent wrote in an affidavit. After posting a photo on Facebook showing him inside the Capitol, Miller responded to a comment on the picture with: “just want to incriminate myself a little lol," according to an FBI affidavit.
Nasdaq closes at another record as Big Tech jumps ahead of earnings, S&P 500 ekes out new high
The Nasdaq Composite rose to another record on Thursday as investors bet on strong earnings from big tech companies next week. The S&P 500 gained less than 0.1% to 3,853.07, eking out another fresh high. Optimism is rising that major technology companies will impress Wall Street when they hand in earnings reports next week. Still, the big run-up also lifted valuations to historically high levels, making investors cautious about a potential pullback ahead. The S&P 500 is currently trading at 22.8 times forward earnings, near levels during the 2000 dotcom bubble, according to FactSet.cnbc.com
American slashes London flights in December due to weak demand
American Airlines plans to cut much of its service to London next month from major U.S. airports due to weak demand in the pandemic, the carrier said Sunday. The carrier won't operate flights from Charlotte, New York's John F. Kennedy International Airport and Chicago O'Hare to London Heathrow next month, a total of 16 weekly flights to London. American will continue to operate cargo-only flights from Chicago and New York and London, "until daily passenger service resumes in January," a spokeswoman said in statement. "In an effort to match low demand resulting from coronavirus (COVID-19), we continue to operate a reduced schedule." United next month will suspend flights to Munich from San Francisco and Newark as well as Chicago-Amsterdam flights, but isn't planning to adjust its London Heathrow service, a spokesman said.cnbc.com
In pandemic travel bust, cargo shipments of Botox and cheese replace passengers for starving airlines
A shift to even more online shopping could keep air cargo rates aloft for months to come. U.S. passenger airlines adaptU.S. airlines are reeling from the pandemic and have lost more than $20 billion combined in the last two quarters. The air cargo market has been "really strong since April," said Shawn Cole, Delta's vice president of cargo. Specific high-demand products like Apple's new iPhones, will also provide a boost to the air cargo market, Delta's Cole added. Passenger and cargo airlines are also starting to prepare for shipping an eventual coronavirus vaccine.cnbc.com
The pandemic has exposed gaping problems with the U.S. health care system
John LamparskiThe coronavirus pandemic has fundamentally reshaped the U.S. health care system, and exposed some of its most gaping problems. United, which is the largest health insurer in the United States, has seen a dramatic shift. And women, she said, are driving the adoption, given that they are often the "primary decision-makers on health care" for their families. "The reality is that health care before the pandemic was very fragmented in the United States," he explained. "People forget how much of public health is broken down by local geographies that weren't naturally attuned to work together, or funded to develop a policy," said Dworkin.cnbc.com
Dow rises 100 points — now at its highest level in a month
IBM shares popped nearly 6% to lead the Dow higher after the company announced its plan to spin off its IT infrastructure unit . The Dow Jones Industrial Average closed 122.05 points higher, or 0.4%, at 28,425.51 and reached its highest level in a month. Earlier in the day, Trump told Fox Business that the administration and Democrats were "starting to have some very productive talks." Economists polled by Dow Jones expected first-time claims for unemployment insurance to total 825,000 for the week ending Oct. 3. Wall Street was coming off a strong session, with the Dow posting its biggest one-day gains since mid-July on Wednesday.cnbc.com
California wavers on theme park opening rules amid pressure
SACRAMENTO, Calif. – Facing mounting pressure to let theme parks such as Disneyland reopen amid the pandemic, California Gov. But reopening rules still don't include theme parks, frustrating the theme park sector while other indoor businesses get going again. Disneyland referred questions about the guidance from Newsom about theme park reopening rules to the industry association. The theme park in Orange County has been closed since March 14 because of the pandemic. —Taxin reported from Orange County, California.
American captain explains why it may take airlines 12 months to bring back furloughed pilots
The process to bring back furloughed pilots can take as long as 15 months due to the industry's extensive and intricate training system, according to an airline labor union official and pilot. Of the 19,000 employees American is set to furlough, around 1,600 will be pilots. "It takes months and months on the down cycle and back up to get these pilots back up and flying, and the public is ready to fly when it is safe to fly," explained Tajer, spokesman for APA, which represents American Airlines pilots. There is bipartisan support to extend aid to airlines, which continue to face travel declines due to the Covid-19 pandemic. The first batch of federal grants and loans prevented the airlines from cutting jobs through Sept. 30.cnbc.com
American, United to furlough 32,000 as time runs out on aid
American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airlines. She said a bailout that keeps airline workers employed would be cheaper for the government than putting them on the unemployment line during a pandemic. Beyond American and United, smaller airlines have sent layoff warnings to several thousand employees. Late Tuesday, the Treasury Department said it completed loans to seven major airlines: American, United, Alaska, JetBlue, Frontier, Hawaiian and SkyWest. American now expects to borrow $5.5 billion from the Treasury, and United can get $5.17 billion.
Airlines are hours away from cutting more than 30,000 jobs without billions more in federal aid
Chip Somodevilla | Getty ImagesThe terms of billions in federal airline aid expire early Thursday, setting the stage for more than 30,000 job cuts. The proposal has won bipartisan support and could be included in the next national coronavirus aid package. A $2.2 trillion package unveiled by House Democrats on Monday includes the additional airline aid, and talks have progressed with the White House in recent days. Airline executives don't expect a return to 2019 volumes for several years. American Airlines CEO Doug Parker said he was encouraged by the talks in Washington and that he's open to postponing furloughs if a deal is close.cnbc.com
Dow rebounds more than 300 points on stimulus hope to end first losing month since March
U.S. stocks climbed in volatile trading on Wednesday amid rising hopes for further coronavirus stimulus, but major averages still posted their first down month since March. The Dow Jones Industrial Average closed up 329.04 points, or 1.2%, to 27,781.70, after jumping 573 points at its session high. The S&P 500 rose 0.8%, or 27.53 points, to 3,363.00, while the tech-heavy Nasdaq Composite climbed 0.7%, or 82.26 points, to 11,167.51. ADP's monthly private-sector jobs count showed growth of 749,000 in September, ahead of the 600,000 expected from a Dow Jones economist survey. The S&P 500 dropped 3.9% this month, while the Dow and the Nasdaq Composite fell 2.3% and 5.2%, respectively, in September.cnbc.com
New coach, new start at United
Could United become the Duncanville of southeast Texas? Coach Marcus Graham hopes so as he takes over a United program that is rich in athletes. He's seen what big-time Texas football looks like, having been an assistant at Duncanville. The defense will lead the way with DL Roland Trent, LB Devonte Allison and DB Chandler Rivers. Due to COVID-19 this year, the VYPE Houston Football Preview Magazine will be LIMITED for pickup at area retailers due tot COVID-19 restrictions.
Good deals available as Houston’s travel and tourism industry begins a slow recovery
HOUSTON – Houston’s travel and tourism industry has been hard hit by the COVID-19 pandemic. Houston hotels still strugglingBut the outlook for the Houston area’s hotel industry isn’t as clear. “The accommodation sector is at nearly a 35% unemployment rate,” said Sawan Patel, who owns several Houston hotels with his father. Great travel deals availableThe good news that there are great travel deals available as airlines and hotels try to boost their businesses. Find hotel and dining deals in HoustonFind hotel and dining deals in AustinFind hotel and dining deals along San Antonio’s famous Riverwalk
FAA: Check engines on 737s that could shut down mid-flight
WASHINGTON Safety regulators issued an emergency order directing airlines to inspect and if necessary replace a critical engine part on popular Boeing 737 jets after four reports of engines shutting down during flights. The Federal Aviation Administration said Friday that its order affected about 2,000 twin-engine passenger jets in the United States. Delta Air Lines said it would inspect 20 planes but did not say whether any of its planes suffered engine shutdowns. The directive does not apply to the newer Boeing 737 Max, which has been grounded worldwide since March 2019 after two crashes that killed 346 people. Passenger jets have two or more engines, and multiple engine failures of the type that FAA warned about in its order are rare.
United Airlines loses $1.6 billion, thousands of Houston workers face potential furloughs
HOUSTON United reported $1.6 billion losses in its second quarter. Roughly, two thousand United workers in Houston received furlough notices after dwindling travel shakes up the airline industries. The airline industry its on shaky ground, to say the least at this point, Mike Klemm, president of IAM District 141 Airline Workers Union, said. United reported second-quarter losses at a whopping $1.6 billion, which is bad news for major airlines with an equally major workforce nationwide. Roughly 10,000 people received furlough notices out of 28,000 we represent, Klemm said.
How the pandemic may change airlines much-hated $200 rebooking fees
Airlines have done away with their $200 change fees, giving passengers the flexibility they've long desired at a time when few people are traveling. None of the major US airlines have signaled they will abandon change fees altogether. US carriers made more than $3 billion from change fees in 2019 alone, according to the Bureau of Transportation Statistics. Getting rid of change fees, airlines hoped, could spur would-be travelers to book flights even if the ever-changing health crisis and local quarantine orders forced travelers to change their plans. Some critics of the change fees point to Southwest Airlines, which is the only major US carrier that doesn't impose them.
Refuse to wear a face mask and these airlines may ban you from future flights
(CNN) US airline passengers who figured face mask enforcements had more bark than bite could end up getting bit. Major US airlines in Airlines for America, the carriers' industry group, have announced they intended to more strictly enforce mask wearing aboard their planes, including potentially banning passengers who refuse to wear a mask. What Delta is doingOn Tuesday, Delta issued a statement emphasizing the importance of face masks in its efforts to stop the spread of Covid-19. If you refuse to wear a face mask starting June 18, you could find yourself on a restricted travel list. But a major union representing flight attendants said last week the current approach was not working.
Delta offers employees buyouts, early retirement as coronavirus hurts travel demand
Delta Air Lines is planning to offer retirement and buyout packages to employees on Thursday, an effort to cut costs as coronavirus continues to hammer the airline business. But carriers are racing to slash costs and are prepping employees for the worst as travel demand remains more than 80% below last year's levels. The airlines are urging employees to accept buyouts or early retirements to avoid involuntary cuts. The Atlanta-based airline is also planning to offer early retirement to its unionized pilots, with details coming out next week. Those who qualify for early retirement would receive up to 26 weeks of severance, two years of medical coverage and a year of travel benefits.cnbc.com
U.S. airlines see glimmers of demand, a turning point in the pandemic
Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Southwest Airlines said Tuesday that new bookings are now outpacing cancellations, a turning point in the coronavirus pandemic that has devastated air travel demand. The Dallas-based carrier has logged a "modest improvement" in demand and new bookings for next month. "The revenue environment remains uncertain and may require additional capacity reductions depending on passenger demand," it said in a filing. Getting travelers comfortableThe pandemic has presented airlines with a major challenge: How to get passengers who are worried about the virus comfortable with flying again?cnbc.com
Whats it like up in the skies right now? KPRC 2 Investigates shows you what social distancing is like while flying
While booking the first leg on United, we saw the promotion of social distancing by limiting or blocking the advance selection of middle seats. But had the flight been full, social distancing would not have been an option. When we landed in Austin, flight attendants asked us to exit one row at a time to keep our distance, but a few passengers ignored the request. An internal memo says flight attendants should approach the situation with empathy and respect. Southwests official policy says customers will be asked to wear masks when social distancing is not possible. Its an indication that perhaps bluer skies are ahead for an airline industry thats navigating through turbulent times.
Warren Buffett unloads airline stocks, but trader sees opportunity in three other travel names
However, there could be pockets of opportunity elsewhere in the travel space, especially in the event of further weakness, according to Bill Baruch, president of Blue Line Capital. "We just failed a high just last week, coming down into a trend line right around $29. It has broken that trend line like Hilton as well as Hyatt, but there is some decent support I believe. Gina Sanchez, CEO of Chantico Global, says hotel companies could rebound before the rest of the travel space. "There is still pent-up travel demand, even though I think budgets will be lower after the pandemic both for business and for family and vacation travel," Sanchez said during the same segment.cnbc.com
Stocks making the biggest moves in the premarket: Berkshire Hathaway, Gilead, Disney, Intel & more
Berkshire Hathaway (BRKB) Berkshire sold its entire stake in the four largest U.S. airlines Delta (DAL), American (AAL), United (UAL), and Southwest (LUV). Gilead Sciences (GILD) Gilead received emergency Food and Drug Administration approval for use of its drug remdesivir to treat Covid-19 patients. Walt Disney (DIS) Moffett Nathanson downgraded Disney shares to "neutral" from "buy," pointing to economic pressures stemming from the Covid-19 outbreak. Intel (INTC) The chipmaker is in advanced talks to buy Israeli app developer Moovit for $1 billion, according to the financial news website Calcalist. Uber Technologies (UBER) Uber will have to face a lawsuit alleging that the ride-hailing service engaged in anticompetitive practices that drove rival Sidecar Technologies out of business.cnbc.com
United shares drop after company announces fresh stock offering as coronavirus drives travel demand to 'essentially zero'
United shares fell close to 2% in extended trading after the airline said it's planning a fresh stock offering, the latest measure by a carrier to raise money as the coronavirus devastates travel demand. SharesThe Chicago-based carrier said it is planning to sell 39.25 million shares, which would be worth slightly more than $1 billion at Tuesday's closing price of $27.88. United's shares are down nearly 70% this year, and the new offering highlights the lengths airlines are going to to raise money as the pandemic continues to sap revenue. The airline's competitors have also tumbled by a similar amount this year as the disease and measures to stop it from spreading kept passengers home. The carrier and its competitors are scheduled to report full quarterly earnings in the coming days.cnbc.com
Amazon warehouse workers plan nationwide protest this week to demand coronavirus protections
Amazon warehouse workers are planning a "mass call out" this week to call attention to what they call a lack of protections for employees who continue to come to work amid the coronavirus outbreak. To participate in the protest, workers will call out of work "en masse across the country" starting tomorrow and throughout the week. The protest marks the first nationwide effort by warehouse workers to demand coronavirus safety protections, after workers staged walkouts at Amazon facilities in Staten Island, New York; Detroit and Illinois in recent weeks. A spokesperson from Amazon previously highlighted the number of steps the company has taken to protect warehouse workers during the pandemic. Despite this, warehouse workers say Amazon isn't doing enough to protect them from catching the virus while they're on the job.cnbc.com
In an age of coronavirus, airlines' 'Mr. Fix-It' says the industry's future depends on convincing travelers it's safe to fly again
Frontier Airlines planes stand at gates on the A Concourse at Denver International Airport in Denver. "I have never seen anything like this in the industry or industry in general," Franke said in an interview. Airlines like Frontier have raced to cut costs, slashing service by more than 60% and parking hundreds of planes. Revenue plungeFranke's nearly three-decade career in airlines started when he was tapped to bring America West out of bankruptcy in the early 1990s. Two executives whom Franke hired at America West are navigating the same coronavirus crisis as top leaders at large network carriers American and United.cnbc.com
Coronavirus live updates: US cases pass 500,000, Spain's death toll falls for third straight day
Deaths from the virus in Iran rose by 125 in the past 24 hours to 4,357, the country's health ministry said. Holly EllyattPolice officers at a checkpoint at an entrance to the village of Zaokskoye where several cases of the COVID-19 coronavirus infection were registered. Holly Ellyatt2:32 pm: Thailand reports 45 new coronavirus casesThailand has reported 45 new coronavirus cases and two more deaths, on Saturday, Reuters reported. Holly Ellyatt12:47 pm: Germany confirms 117,658 coronavirus cases and 2,544 deathsGermany has experienced a total of 117,658 coronavirus cases including 2,544 deaths, Reuters reported, citing Germany's public health institute. Argentina has reported 1,975 coronavirus cases since the outbreak, according to data compiled by Johns Hopkins University.cnbc.com
Treasury Department says larger airlines need to compensate taxpayers for coronavirus aid as talks drag on
The country's largest airlines will have to compensate taxpayers for billions in payroll grants to weather coronavirus, the Treasury Department said Friday, leaving the door open to an aid structure that sparked criticism from labor unions, some lawmakers and industry members. The Treasury Department has received more than 230 applications from air carriers for payroll grants as the virus and harsh measures to stop it drive down air travel demand to the lowest level in decades. The Treasury Department was supposed to start making initial payments last Monday to airlines that applied and were approved for the grants, but the process has taken longer than expected as the Treasury Department requested additional financial information from airlines, according to people familiar with the discussions. The Treasury Department on Friday said that it would not require applicants seeking $100 million or less to provide compensation but that it was working with 12 passenger airlines whose allocations would be greater than that amount. The department said it would provide guidance to those larger passenger airlines "should total requests for payroll support exceed the maximum amounts awardable under the CARES Act."cnbc.com
100,000 patients could lose access to doctors at Houston Methodist hospitals due to insurance company’s contract dispute
HOUSTON – A hundred-thousand people insured by UnitedHealthcare are scrambling to find new doctors and hospitals after the insurance company and Houston Methodist Hospital could not come to terms over reimbursement rates. The contract expired at midnight, meaning the seven Houston Methodist hospitals and its outpatient clinics are no longer in-network as of Jan. 1, 2020. "90%, probably more than that, of the doctors (in Baytown) are Methodist doctors," Thompson said. UnitedHealthcare released the following statement:“Care at Houston Methodist Hospital is significantly more expensive than care at other top-ranked hospitals in Texas as well as some of the most prestigious hospitals in the entire country. United’s unfortunate decision – and disruption to their members’ in-network access to Houston Methodist -- is forcing employers and consumers to pick different health care options for this year.
H-E-B donating ‘trailer loads’ of food to help Houston Food Bank replenish lost food
HOUSTON – The Houston Food Bank is getting some much-needed help after a fan broke inside a 30,000-square-foot cooler and they were forced to throw out 2 million pounds of food. H-E-B also announced Wednesday that the company would be pitching in the help replenish some of the food lost. The company will also be organizing a volunteer event to help get the Food Bank back to capacity. “It is our privilege to enlist H-E-B’s manpower and supplies to ensure the Houston Food Bank not only recovers but is able to continue fulfilling its mission of feeding families in need.”It is unclear when the deliveries to the food bank will be made. For more information on how you can help visit the Houston Food Bank website.
United celebrating 50th anniversary of Apollo 11 with entertainment and perks at Houston airport
HOUSTON – United’s Terminals C and E at George Bush International Airport will be celebrating the Apollo 11 anniversary by offering special entertainment within the terminals, flight perks and exclusive dining and MileagePlus offers. Ember and Tanglewood Grille have special Apollo 11 menus featuring food that the astronauts ate on board. There will be of alcoholic and nonalcoholic beverages to celebrate Apollo 11, including Tang-infused cocktails. Additionally, on the anniversary of the first TV transmission from Earth into space, United is hosting a Space City celebration flight from Newark into Houston. One of the experiences includes VIP access to Space Center Houston’s Apollo 11 50th anniversary celebration.