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What Covid Lockdowns and Disruptions in Europe Signal to the U.S.

  • What Covid Lockdowns and Disruptions in Europe Signal to the U.S. What Covid Lockdowns and Disruptions in Europe Signal to the U.S. 4:16
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11:35 p.m. Nov. 28, 2021 - By Barbara Kollmeyer
WHO warns of 'severe consequences' from omicron surges, urges widespread testingThe World Health Organization is urging countries to start widely testing in communities to gauge whether the new omicron variant is circulating, in it released on Sunday. "Given mutations that may confer immune escape potential and possibily transmissibility advantage, the likelihood of potential further spread of omicron at the global level is high. Depending on these characteristics, there could be future surges of COVID-19, which could have severe consequences, depending on a number of factors including where suges may take place. The overall global risk to the new VOC [variant of concern] omicron is assessed as very high." The body urged member states to not only start testing widely, but to accelerate vaccination coverage as fast as possible, espcially among high-risk individuals. Masks, distancing, ventilation of outdoor spaces and crowd avoidance are among the measures country should follow, as well as a risk-based approach to adjust international travel measures in a timely manner.
10:28 p.m. Nov. 25, 2021 - By Barbara Kollmeyer
European stocks slump with travel names hard hit as investors fret over new COVID variantEuropean stocks fell sharply early Friday, with heavy losses for travel stocks and energy names after a new potentially highly contagious variant of COVID was detected in South Africa. The Stoxx Europe 600 index slid 3.8% to 465, with the German DAX down 3.5%, the French CAC 40 sliding 4.3% and the FTSE 100 index down 3.4%. The U.K. has announced it will halt travel from South Africa and several other African countries as of Friday. Shares of International Consolidated Airlines slid 10%, cruise operator Carnival slumped 16% and Deutsche Lufthansa dropped 12%. Energy names also weighed heavily as crude fell more than 5% to $73.91 a barrel. BP shares fell 8%.
6:59 a.m. Nov. 25, 2021 - By Barbara Kollmeyer
EU proposes nine-month time limit on validity of COVID vaccinations for travelThe European Union has announced proposals that would put a nine-month time limit on COVID vaccinations for travelers in and out of the bloc. After that point, boosters would be required, the European Commission recommended, in a . "The 9-month period takes into account the guidance of the European Centre for Disease Prevention and Control (ECDC) on the administration of booster doses as of 6 months, and provides for an additional period of 3 months to ensure that national vaccination campaigns can adjust and citizens can have access to boosters," the statement said. Also on Thursday, the Commission from outside the EU, saying travel should reopen by Jan. 10 to those who have World Health Organization approved shots, but that an additional proof of negative PCR test will also be required.
5:06 a.m. Sept. 20, 2021 - By Tomi Kilgore
Airline stocks outperform, amid hopes U.S. will lift the EU travel ban 'soon'The airline sector fell, but outperformed amid , after reports that President Biden will soon lift the travel ban on Europeans, which was put in place early in the COVID-19 pandemic by former president Donald Trump. Stavros Lambrinidis, the European Union Ambassador to the U.S., , "Hope there'll be a positive announcement soon." The U.S. Global Jets ETF slipped 0.6%, while the S&P 500 shed 1.4%. Among the more-active U.S. air carriers, shares of American Airlines Group Inc. rose 0.9%, Delta Air Lines Inc. eased 0.5% and United Airlines Holdings Inc. slipped 0.5%. The Biden administration agreed with its European Union officials to lift travel restrictions for vaccinated citizens, , citing three senior EU officials.
4:33 a.m. June 29, 2021 - By Mark Decambre
Dow climbs as S&P 500 and Nasdaq carve out fresh intraday all-time highs to kick off Tuesday tradeU.S. stocks opened higher Tuesday morning, with equity indexes trading at or near records, and the S&P 500 aiming for its 33rd record closing high of the year as investors awaited data on consumer confidence levels. The move comes after the S&P 500 booked its 32nd all-time closing high of 2021, led by gains in the technology sector. The S&P 500 index was rising 0.2% and established an intraday record high at 4,298.22, the Dow Jones Industrial Average climbed 0.5% to around 34,455, while the Nasdaq Composite Index was trading less than 0.1% lower at 14,483 after notching an all-time intraday high at 14,509.78. In corporate news, United Airlines Holdings Inc. said Tuesday that it is purchasing 270 new Boeing and Airbus aircraft to its fleet, in its biggest-ever order and the largest by an individual carrier in the last decade, making a strong bet on a recovery in travel.
11:29 a.m. June 28, 2021 - By Catey Hill
‘Health care will keep us from going back to the U.S.’: Texas couple who retired to Spain on about $2,000 a month Though they ‘love America,’ this couple has chosen to put roots down in the coastal town of Dénia in SpainThough they ‘love America,’ this couple has chosen to put their roots down in the coastal town of Denia in Spain.
2:14 a.m. June 18, 2021 - By Barbara Kollmeyer
Airline shares rise after EU lifts travel ban on Americans: reportShares of U.S. airlines rose in premarket trading on Friday after the European Union reportedly recommended the lifting of a nonessential travel ban for Americans across its member states. Governments made the decision on Friday to add the U.S. to a "white list" of countries, and each country will now be able to decide what kind of restrictions, if any, to place on U.S. visitors, and Bloomberg reported. The European Commission was reportedly pressured by countries heavily dependent on tourism, including Italy, Spain and Portugal, who are trying to save the summer season. EU officials had agreed on Wednesday to recommend lifting those bans in place since the pandemic last year, with that decision reportedly official on Friday. Shares of Delta Airlines and United Airlines were up around 1% each in premarket trading.
3:16 a.m. May 26, 2021 - By Tomi Kilgore
Norwegian Cruise sets plan for 8 more cruise ships to resume operationsNorwegian Cruise Line Holdings Ltd. announced Wednesday its plan for the next phase of the resumption of cruises, which will include eight more ships setting sail in Fall 2021. The stock rallied 2.6% in premarket trading. For the cruise operator's Oceania Cruises, Riviera will resume sailings from Istanbul in October, Insignia will resume sailing from Miami to the Panama Canal in December and Sirena will start sailing from Miami to Panama City in January. The company's Regent Seven Seas Cruises will have all five ships resuming operations by February 2022. The cruises from the U.S. are contingent on obtaining approval from the U.S. Centers for Disease Control and Prevention. Norwegian's announcement comes a day after Royal Caribbean Group said in June. Norwegian's stock has rallied 22.4% year to date through Tuesday, Royal Caribbean shares have climbed 19.2% and Carnival Corp.'s stock has run up 32.0%, while the S&P 500 has gained 11.5%.
1:23 a.m. May 24, 2021 - By Quentin Fottrell
When was the last time you saw Paris? EU ambassadors will ease travel restrictions, but Americans still face hurdles The EU will give more details on the relaxation of existing measures next week, but every country will have its own timetableThe EU will give more details on the relaxation of existing measures next week, but every country will have its own timetable.
3:19 a.m. May 19, 2021 - By Tomi Kilgore
JetBlue to enter transatlantic market with $599 roundtrip ticket to London from JFKJetBlue Airways Corp. said Wednesday it will enter the transatlantic market, starting Aug. 11 with service between New York's JFK airport and London's Heathrow Airport (LHR). The air carrier will expand its service from JFK to London's Gatwick Airport (LGW) on Sept. 29. The carrier will also start service to London from Boston in the summer of 2022. Tickets are now on sale for London flights from JFK, starting at $599 roundtrip for U.S.-based travelers, and at $1,979 roundtrip for the premium "Mint" service. JetBlue's stock dropped 2.5% in premarket trading, as the U.S. Global Jets ETF shed 1.8% ahead of the open and S&P 500 futures slid 0.9%. "JFK-LHR, the single largest international air travel market from the US, has long suffered from outrageously high fares for far too long, especially in premium cabins," said Chief Executive Robin Hayes. "We're ready to change that with a price point and experience that will impress even the most discerning transatlantic flyers."
2:23 a.m. May 17, 2021 - By Tomi Kilgore
United Airlines to boost July flight schedule, to reach 80% of pre-pandemic levelsUnited Airlines Holdings Inc. said Monday that it is adding more than 400 daily flights to its July schedule and will increase its service to destinations in Europe, as booking for summer travel had more than tripled (up 214%) compared with 2020 levels. The air carrier said its July schedule in the U.S. will reach 80% of July 2019 levels, making it the largest monthly schedule since before the COVID-19 pandemic. "This July we're taking a big step toward flying at pre-pandemic levels for our domestic network," said Ankit Gupta, vice president of domestic network planning and scheduling. "By adjusting our bank structures at two key hub airports, we're able to offer our customers easy connections to destinations across the U.S. so they can start their vacations at times convenient for them." United's stock, which slipped 0.4% in premarket trading Monday, has run up 20.0% over the past three months through Friday, while the U.S. Global Jets ETF has gained 7.9% and the S&P 500 has tacked on 6.2%.
3:14 a.m. May 3, 2021 - By Barbara Kollmeyer
EU proposes lifting restrictions for non-essential travel The European Commission on Monday proposed allowing entry by non-essential travelers to the region, in a bid to restart tourism in some of its hardest hit countries. "The Commission proposes to allow entry to the EU for non-essential reasons not only for all persons coming from countries with a good epidemiological situation but also all people who have received the last recommended dose of an EU-authorised vaccine," said the body in a . The EU proposes lifting the threshold linked to the number of new COVID-19 cases used in determining a list of countries from which all travel should be allowed. The EU also proposed an "emergency brake" mechanism, that would allow member states to act quickly over COVID-19 variants to temporarily limit travel from affected countries.
3:18 a.m. April 28, 2021 - By Tomi Kilgore
Norwegian still waiting CDC feedback on plan to restart U.S. cruises, while more cruises to restart overseasShares of Norwegian Cruise Line Holdings Ltd. fell 0.6% in premarket trading Wednesday, after the cruise operator unveiled the next phase of its schedule of restarts from some Europe cruises but said it was still waiting for feedback from the U.S. Centers for Disease Control and Prevention (CDC) on its plan to restart U.S. sailings on July 4. The company said its Oceania Cruises will resume sailings to Scandinavia and Western Europe in August and its Regent Seven Seas Cruises will resume cruising from the U.K. starting in September. Norwegian had submitted , saying its plan included the requirement that all guests and crew be fully vaccinated. Later that week, in an attempt to force the restart of cruises, which have been suspended for more than a year as a result of the COVID-19 pandemic. Norwegian's stock has rallied 19.9% year to date through Tuesday, while the S&P 500 has gained 11.5%.
7:28 a.m. April 25, 2021 - By Quentin Fottrell
Ireland surpassed China in confirmed COVID-19 deaths — how on Earth did that happen? The Republic of Ireland, a small island at the northwestern tip of Europe, has a population of 4.9 million, compared with China’s 1.4 billion peopleThe Republic of Ireland, the small island on the northwestern tip of Europe, has a population of 4.9 million, compared to China’s 1.4 billion people.
6:29 a.m. April 23, 2021 - By Victor Reklaitis
Biden to visit U.K., Belgium in June for first overseas travelPresident Joe Biden plans to travel to the U.K. and Belgium in June for his first overseas trips since taking office, the White House said Friday. He plans to attend a G7 summit in Cornwall on June 11-13 and then take part in a NATO summit in Brussels on June 14.
2:49 a.m. April 6, 2021 - By Tomi Kilgore
Norwegian Cruise unveils phased approach for return of cruises, starting in JulyNorwegian Cruise Line Holdings Ltd. unveiled its two-pronged plan to restart cruising operations in Summer 2021, starting with the resumption of cruises originating from Jamaica, Dominican Republic and Greece starting in July. The cruise operator still plans to restart cruises from U.S. ports starting July 4, that the Centers for Disease Control and Prevention lift the Conditional Sail Order. The company said all initial voyages will operate with "fully vaccinated guests and crew," as well as universal COVID-19 testing before embarkation. "Safe and highly effective vaccines are a gamechanger and to create the safest environment possible, we will require all guests and crew to be vaccinated against COVID-19," said Chief Executive Frank Del Rio. As part of the resumption of cruises, Norwegian said it will initially offer 7-day cruises to the Greek Isles originating from Athens starting July 25, and 7-day Caribbean cruises originating from Montego Bay, Jamaica starting Aug. 7. The stock, which edged up 0.3% in premarket trading, has rallied 16.8% year to date and soared 196.8% over the past 12 months, while the S&P 500 has gained 8.6% this year and climbed 53.1% over the past year.
1:14 a.m. March 30, 2021 - By Ciara Linnane
Munich-based electric take-off and landing jet maker Lilium to go public via merger with SPAC QellLilium GmbH, a Munich-based maker of an electric vertical take-off and landing jet, said Tuesday it is going public via a merger with special purpose acquisition corporation Qell Acquisition Corp. in a deal with an implied $3.3 billion pro forma equity value. Qell, a SPAC or blank-check company, is led by Barry Engle, a former president of General Motors North America, and aims to invest in next-generation sustainable mobility. Once the deal closes, the company will be renamed Lilium and trade on Nasdaq under the ticker symbol "LILM." "Lilium can revolutionize regional travel, saving people hours not minutes," the companies said in a joint statement. "Using its 7-Seater Lilium Jet, revealed today, Lilium's regional shuttle service will enable sustainable, high-speed transportation." Lilium is expected to receive about $830 million of gross proceeds from a PIPE offering of $450 million along with $380 million cash held in trust by the SPAC. The deal is expected to close in the second quarter.
12:12 p.m. March 24, 2021 - By Andrew Keshner
Equal Pay Day: How paid-leave and child-care policies failed to close gender pay gap Women typically need at least one extra degree to earn as much as their male colleaguesWomen typically need at least one extra degree to earn as much as their male colleagues.
9:46 a.m. March 23, 2021 - By Tomi Kilgore
Carnival stock drops again, amid growing concerns over impact of COVID-19-related lockdown measuresShares of Carnival Corp. sank 7.7% in afternoon trading, enough to pace the S&P 500's decliners, amid concerns over potential cruise cancellations given the new surge in COVID-19 cases in Europe. On Monday, the stock fell 5.1% after Carnival by about a month to May 1, citing restrictions still in place in Italy and other European countries in an effort to contain COVID-19. And on Tuesday, Germany said it was . Shares of other cruise operators were also getting hit hard, as Norwegian Cruise Line Holdings Ltd. slid 7.1% and Royal Caribbean Group shed 6.1%.
4:57 a.m. March 22, 2021 - By Tomi Kilgore
Carnival's Costa Cruises pushes back restart in Italy by about a monthShares of Carnival Corp. sank 4.3% in morning trading Monday, after the cruise operator pushed back the restart of its Costa Cruises out of Italy by about a month to May 1. Last month, Carnival had said Costa Smeralda planned . Costa Luminosa's restart was postponed to May 16 from May 2. "The decision has been taken in consideration of the restrictions still in place in Italy and other European countries to contain COVID-19," Costa Cruises said in a statement. Carnival's stock has run up 40.0% over the past three months, while the S&P 500 has gained 6.6%.
4:47 a.m. March 11, 2021 - By Steve Goldstein
Public Health England says there's a new coronavirus variant under investigationPublic Health England said it's designated a new coronavirus variant under investigation. The health authority said it's found two cases in the South East of England in individuals who had recently travelled to Antigua. Contact tracing teams have completed thorough investigations to identify and follow up any close contacts and no additional cases have been found to date, it said. A separate variant of concern, called P.1, has been found in 10 people, all of which have links to travel or to a previously confirmed case that has travelled to Brazil.
9:33 a.m. Jan. 25, 2021 - By Ciara Linnane
Biden to reinstate travel bans amid fears about new variants as global case tally heads toward 100 million Dr. Fauci says Johnson & Johnson’s one-dose vaccine could bet emergency use authorization within two weeksThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 headed closer to 100 million on Monday with the U.S. accounting for a quarter of that total, as President Joe Biden prepared to reinstate travel restrictions against foreign citizens visiting the U.S. from Brazil, the U.K, Ireland and much of the rest of Europe, as well as South Africa.
4:14 a.m. Jan. 22, 2021 - By Tomi Kilgore
Carnival extends cruise suspensions through April 30, matching peersCarnival Corp. said Friday it was cancelling more cruises, as it extends the suspension of U.S. cruises through April 30. That matches cruise suspensions of fellow cruise operators and . announced earlier this month. Carnival said it has also cancelled European cruises for its Carnival Legend ship for departures through Oct. 31, and delayed the start date for Mardi Gras to Port Canaveral to May 29. In addition, Carnival said it cancelled all Australian operations through May 19. Carnival's stock, which fell 1.7% in premarket trading, has run up 36.5% over the past three months through Thursday, while the S&P 500 has gained 11.6%.
9:21 a.m. Jan. 13, 2021 - By Ciara Linnane
U.S. sees record one-day death toll and experts worry new variant may make activities like plane travel more risky Vaccine program must speed up to avoid reaching 640,000 deaths by spring, equal to lives lost in the 1918 flu pandemicThe U.S. set another grim milestone in the coronavirus pandemic on Tuesday, when more than 4,400 COVID-19 patients died, the most in a single day since the start of the outbreak, and experts said that with cases continuing to accelerate, the worst is still to come.
12:30 p.m. Jan. 11, 2021 - By Ciara Linnane
U.S. tops 22 million cases of COVID-19 after adding record of more than 300,000 in a day ‘COVID remains out of control in the U.S.,’ analyst saysThe global case tally for the coronavirus illness COVID-19 rose above 90 million on Monday, and the U.S. topped 22 million confirmed cases, after setting a record for new cases in a single day of more than 300,000 on Friday.
1:15 a.m. Jan. 7, 2021 - By Ciara Linnane
U.S. could see up to 150,000 more COVID-19 deaths by February as new strain takes hold, expert warns More infectious variant makes it even more crucial to get vaccine program on track after early disappointment, says Dr. Ashish JhaThe U.S. set a fresh record for hospitalizations with the coronavirus-borne illness COVID-19 on Wednesday, as experts said the new, far more infectious variant makes it even more crucial to get the nation’s so-far underwhelming vaccine program on track.
9:19 a.m. Jan. 5, 2021 - By Ciara Linnane
January will be worst month for U.S. pandemic so far with post-holiday travel cases seen surging U.S. sets fresh record for hospitalizations and Los Angeles County says a COVID-19 patient is dying every 15 minuteshe number of global cases of the coronavirus-borne illness COVID-19 edged toward 86 million on Tuesday and the U.S. set yet another record for hospitalizations, as experts warned that January will likely be the worst month of the pandemic so far due to a surge in new infections after holiday travel.
9:23 a.m. Dec. 30, 2020 - By Ciara Linnane
U.S. sets record for COVID-19 hospitalizations, as country’s first case of new U.K. variant is found in Colorado Health experts continue to lament slow rollout of vaccines in U.S. after much-ballyhooed authorizations were granted in early December The U.S. set a fresh record for hospitalizations of patients with COVID-19 on Wednesday and the first case of the highly infectious U.K variant of the coronavirus was found in Colorado, as health experts continued to lament the delayed rollout of vaccines that is hampering the economic recovery.
10:23 p.m. Dec. 28, 2020 - By Steve Goldstein
European stocks rise after new U.S. records, with DAX also at peak European stocks rose in early action Tuesday following a record-setting day on Wall Street. The German DAX moved higher after it also closed at a record on Monday, with the U.K. FTSE 100 and French CAC 40 also gaining ground. Advancers included travel stocks such as TUI and Lufthansa , while U.K. banks including Lloyds Banking Group and Barclays fell. Futures on the Dow Jones Industrial Average rose 147 points.
7:14 a.m. Dec. 24, 2020 - By Tomi Kilgore
Daily death toll from COVID-19 climbs to more than 3,400, the same day vaccinations top 1 million Daily case count rise to more than 227,000 as hospitalizations jump again to a record for the 19th day this monthThe U.S. suffered through one of its worst days on the COVID-19 front since the pandemic started, with the daily death toll jumping to more than 3,400, on the same day it reached an “early but important” milestone of more than 1 million vaccinated.
11:04 a.m. Dec. 22, 2020 - By Mark DeCambre
Nasdaq ends at a record but Dow books worst loss in December as tightened COVID travel curbs sink broader marketThe Nasdaq Composite logged a record closing high Tuesday but the Dow industrials rang up the worst loss in December as a mutation of the virus that causes COVID-19 strain continued to fuel fresh lockdown measures in parts of Europe, resulting in an apparent pause in bullish sentiment on Wall Street. The Nasdaq closed up 0.5%, enough to log a record finish at around 12,807. The S&P 500 index closed off 0.2% at 3,687, marking a third straight loss for the broad-market index in the second day of trading as a member of the index for Tesla Inc. . The Dow closed down over 200 points, or 0.7%, at 30,015, which represents its steepest daily slide since a 271-point, or 0.9%, decline in the blue-chip benchmark on Nov. 30. The fall for the Dow came even as component Apple Inc. shares surged over 2% after a report that the iPhone maker was targeting 2024 as the year it produces a passenger vehicle that could compete against Tesla. On the flipside of the ledger, the small-capitalization Russell 2000 index closed a record as well as the Nasdaq, reflecting a jockeying by investment managers between a hunt for value-oriented stocks and those perceived to be growthy.
9:44 a.m. Dec. 21, 2020 - By Mark DeCambre
U.S. oil notches sharpest daily slide in over 6 weeks as viral spread sparks fresh demand worriesU.S. oil prices ended sharply lower on Monday, but off their steepest declines, amid reports that a variant of the novel strain of coronavirus that causes COVID-19 discovered in the U.K. could pose another hurdle for demand of the commodity. U.S. oil prices for February delivery finished $1.27, or 2.6%, lower at $47.97 a barrel. The daily slide represented the sharpest for the most-active contract for West Texas Intermediate oil since a 4.3% slide put in on Nov. 6, FactSet data show. Those living in London and much of the southeast of England were placed under tighter restrictions ahead of the Christmas holidays, shutting nonessential shops and banning nonessential travel. Several European countries and Canada closed their borders to U.K. travelers, including France, which blocked air, sea and land traffic from the country.
8:38 a.m. Dec. 21, 2020 - By Tonya Garcia
United Airlines issues fee waiver for travel to LondonUnited Airlines Holdings Inc. said Monday that it has for changes to travel plans to London. The waiver comes amid an outbreak of a new strain of COVID-19 that has spread across southern England. A number of EU countries, including France and Belgium, and Canada have to and from the U.K. due to this new strain of the illness. United has already waived change fees through March 31, 2021, for flights within the U.S., Puerto Rico and the U.S. Virgin Islands, and for international flights originating in the U.S. United Airlines stock is down 2% in Monday trading, and has plunged nearly 51% over the last year. The S&P 500 index is up 14.7% for the past 12 months.
9:22 a.m. Dec. 10, 2020 - By Ciara Linnane
U.S. sets record one-day death toll from coronavirus as FDA committee meets to review Pfizer–BioNTech vaccine FDA head says initial assessment is ‘this is a vaccine that does meet our criteria. ... But we do want to hear from the vaccine advisory committee.’The U.S. set fresh records for single-day fatalities from the coronavirus illness COVID-19 and hospitalizations, as a U.S. regulatory advisory committee gathered to offer its verdict on the vaccine developed by Pfizer Inc. and its German partner BioNTech SE.
9:26 a.m. Dec. 9, 2020 - By Ciara Linnane
U.S. coronavirus case tally climbs to 15 million from 14 million in just five days U.S. sets fresh record for COVID-19 hospitalizations; Angela Merkel pleads with Germans to limit gatherings during holidaysThe global case tally for the coronavirus illness COVID-19 climbed above 68 million on Wednesday and the U.S. tally rose above 15 million as the virus continued to race across the nation, filling hospitals with record numbers of patients
3:36 p.m. Dec. 8, 2020 - By Ciara Linnane
U.S. suffers deadliest week from coronavirus since pandemic broke out A group of doctors and scientists urge leaders to follow the science and stop the misinformation that has undermined the U.S. response to the crisisThe U.S. has set another grim milestone in the coronavirus pandemic, averaging the most deaths from COVID-19 in a week since the start of the outbreak, as cases continue to rise across the country and hospitals fill with patients
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