Category: Stock Market

A key step in the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said on Friday. Boeing Co’s best-selling plane has been grounded since March 2019 after two fatal crashes killed 346 people. A certification flight test, which is expected to last at least two days, is likely to take place starting as early as Tuesday but has not been finalized.

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Stocks fell Friday, with losses accelerating after Texas Gov. Greg Abbott said the state would be reversing its reopening process by closing bars and limiting restaurant capacity following a surge in coronavirus cases.

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Investors demand for stimulus, hints one Wall Street insider.

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Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down today’s market action with Dennis DeBusschere, Evercore ISISenior Managing Director.

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For the first time in five months, Delta Air Lines will resume its flights to China. Yahoo Finance’s Ines Ferre joins The First Trade to discuss.

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AstraZeneca’s experimental COVID-19 vaccine is probably the world’s leading candidate and most advanced in terms of development, the World Health Organization’s (WHO) chief scientist said on Friday. The British drugmaker has already begun large-scale, mid-stage human trials of the vaccine, which was developed by researchers at University of Oxford. This week, AstraZeneca signed its tenth supply-and-manufacturing deal.

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Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Brian Cheung discuss the Federal Reserve’s stress test results.

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Chief executives of major airlines in the United States will confer with Vice President Mike Pence to discuss a range of issues related to the ongoing pandemic.What Happened The CEOs of American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc (NYSE: DAL), Southwest Airlines Co (NYSE: LUV), United Airlines Holdings Inc (NASDAQ: UAL) and JetBlue Airways Corporation (NASDAQ: JBLU) will meet with the Vice President at the White House on Friday. The chief executives will discuss restrictions on U.S. travelers to be imposed by the European Union, temperature checks at U.S. airports, contact tracing airline passengers, and the likely impact of the pandemic on travel demand, sources told Reuters.Why It Matters Officials from the E.U. are mulling a travel ban on the U.S., as the country has failed to contain COVID-19. The bloc plans on reopening borders July 1 to international travelers but may not allow U.S. visitors, a blow to the prestige of both the U.S. and President Donald Trump's presidency, reported the New York Times. A possible E.U. ban would be a huge setback to airlines, as some such as Delta were planning to restart flights between New York and Athens, and Lisbon, both popular tourist destinations in the summer. According to data from the Bureau of Transportation Statistics, flights to Europe and other destinations made up 17% of United Airlines' passenger revenue in 2019 and amounted to $7.4 billion. For Delta, the figure was 15% and for American Airlines 11% translating to $6.4 billion and $4.6 billion, respectively. See more from Benzinga * IPO Market Hiccup As Albertsons Offering Fails To Meet Expectations In Both Price And Scale * TikTok's Virtual Pride Event On Zoom Canceled After Homophobic And Racist Trolls Disrupt It * Verizon Hits The Pause Button On Facebook Advertisements In Support Of Civil Rights Campaign(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Top news and what to watch in the markets on Friday, June 26, 2020.

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