The drops in pre-market trading likely heralded more turmoil for markets Thursday.
But the blueprint may have fallen short of investors' hopes, helping send stock futures lower.
Unlike during the 2007-2009 recession, which hurt business travel more than vacation travel, the drop in bookings is broad, Delta executives said Tuesday during a Wall Street aviation conference. The travel ban announced by Trump, and the NBA’s decision Wednesday to suspend the rest of its season, also could augur a sharper-than-expected pullback in household consumption.
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Trump suspends travel from Europe to battle coronavirus; NBA suspends seasonIn a televised address, President Trump announced he was banning travel to Europe, proposing a $50 billion increase in federally backed small-business loans and calling for payroll tax relief. Here are his complete remarks. Read more:
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