New York City Mayor Bill de Blasio called for an immediate investigation on reports of police misconduct during the weekend's violent protests over the cop killing of George Floyd, an unarmed black man — although he defended a "vast majority" of NYPD officers.
Companies are not issuing financial guidance, but CFOs of major corporations are increasingly certain of a coronavirus negative impact in 2020, according to the Q2 CNBC CFO Council Survey.
Sidewalks across the SoHo neighborhood, Union Square and Fifth Avenue were covered in broken glass. Multiple cop cars had been burnt to nothing but ashes. Stores, including a Duane Reade, Urban Outfitters and Swatch, were looted.
Treasury yields climbed on Monday to start June trading as investors continued to assess the risks regarding the economy reopening as well as the U.S.-China tensions.
Black Americans already make up a disproportionate share of the deaths in the U.S. caused by the coronavirus as underlying conditions, income inequality and disparity in access to health care have exacerbated the outbreak in the black community.
Merck CEO Ken Frazier said business leaders can be a "unifying force" in helping to calm a nation convulsed by protests over police brutality and economic destruction.
De Blasio on Sunday defended the NYPD's response to protesters and lauded officers for showing "tremendous restraint," even as the department faced sweeping criticism in the face of videos that some said showed abuse of protesters.
Airline loyalty programs began in the early 1980s as a promotional gimmick but now they are a big moneymaker for U.S. carriers. While frequent flyer members can earn points based on the type of ticket purchased, most miles today are earned by doing things other than traveling.
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