Stocks slide on Wall Street as new coronavirus cases surge. Australia's Qantas airline to cut 6,000 jobs as virus hits. GNC files for Ch. 11 bankruptcy protection, Ugg in demand.
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The Early Bird Newsletter

Thursday, June 25th

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Stocks slide on Wall Street as new coronavirus cases surge
Politics

Stocks slide on Wall Street as new coronavirus cases surge

Wall Street's recent rally hit a snag Wednesday as new coronavirus cases in the U.S. climbed to the highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround. The S&P 500 skidded 2.6%, shedding its gains for the week and leaving it nearly in...

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Alan Joyce
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Australia's Qantas airline to cut 6,000 jobs as virus hits

Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia's largest airline tries to survive the coronavirus pandemic. Qantas announced a plan Thursday to reduce costs by billions of dollars and raise fresh capital. The plan includes groun...

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GNC files for Ch. 11 bankruptcy protection, Ugg in demand
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GNC files for Ch. 11 bankruptcy protection, Ugg in demand

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: ...

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IMF downgrades outlook for global economy in face of virus
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IMF downgrades outlook for global economy in face of virus

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year, significantly wo...

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White House wins ruling on health care price disclosure
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White House wins ruling on health care price disclosure

The Trump administration has won a court ruling upholding its plan to require hospitals and insurers to disclose the actual prices for common tests and procedures in a bid to promote competition and push down costs

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Terri Tiersky
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Open wide: US dentists quickly rebuild after virus shutdown

U.S. dental offices are quickly bouncing back, but it won't be business as usual. Expect social distancing, layers of protective gear and a new approach to some procedures to guard against coronavirus. Dental offices largely closed, except for emergency care, after the Centers for Dis...

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Masayoshi Son, Jack Ma, Terry Gou
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SoftBank's Son leaves Alibaba board following Ma's departure

Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Son announced the change at the end of SoftBank's general shareholders' meeting. He emphasized that the de...

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Report: State, local aid needed to avert 4 million layoffs
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Report: State, local aid needed to avert 4 million layoffs

A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. But Wednesday’s report by Moody’s Analytics, a private sector e...

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Bayer paying up to $10.9B to settle Monsanto weedkiller case
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Bayer paying up to $10.9B to settle Monsanto weedkiller case

Bayer said Wednesday that it will pay up to $10.9 billion to settle litigation over the weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer. Bayer said it was also paying up $1.22 billion to settle two additional areas of intense litigation, one invo...

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Peru giving up on virus measures in face of sinking economy
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Peru giving up on virus measures in face of sinking economy

On the same day that the Peruvian government announced another grim increase in the number of coronavirus infections, thousands of people packed together in hourslong lines outside shopping malls for a chance to buy a new sweater, sneakers or computer. Peru — which has reported the wo...

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The Latest: Slovenia reinstates mandatory use of face masks
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The Latest: Slovenia reinstates mandatory use of face masks

___ LJUBLJANA, Slovenia — Slovenia’s government has reintroduced mandatory use of face masks in closed public spaces and on public transport after a spike in cases of the new coronavirus in recent days. The government on Wednesday removed Montenegro and Luxembourg from ...

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The Latest:  Americas behind new virus clusters in Spain
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The Latest: Americas behind new virus clusters in Spain

MADRID — Imported coronavirus cases from the Americas are behind a series of new clusters in Spain. Authorities on the Mediterranean island of Menorca said a young couple from the United States tested positive for the new virus and have self-isolated since their arrival last week. ...

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Virus pummels commercial real estate, could end long boom
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Virus pummels commercial real estate, could end long boom

Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end a long boom in the nation's commercial real estate market. Hotels, restaurants and stores that closed in...

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The Early Bird Stock Of The Day

Tableau Software Inc

Tableau Software Inc

Tableau Software, Inc., together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data. In addition, it offers Visual Query Language (VizQL) for databases, which is a computer language for describing pictures of data, including graphs, charts, maps, time series, and tables of visualizations; Live Query Engine that interprets abstract queries generated by VizQL into syntax understandable by database systems; and Hyper, an in-memory data engine technology that helps customers to analyze a range of data sets by evaluating analytical queries directly in the transactional database. Further, the company provides support, maintenance, training, and professional services. It serves organizations in various industries, including business services, energy and telecommunications, financial services, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, and education, as well as retail, consumer, and distribution industries. The company sells its products directly, as well as through indirect sales channels, such as technology vendors, resellers, original equipment manufacturers, independent software vendor, and distributors in the United States, Canada, and internationally. Tableau Software, Inc. was founded in 2003 and is headquartered in Seattle, Washington.

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