The push to reopen businesses gained momentum Tuesday, with the stock market surging and several states easing more stay-at-home orders. Despite shutdown orders…
The push to reopen businesses gained momentum Tuesday, with the stock market surging and several states easing more stay-at-home orders.
Despite shutdown orders keeping much of New York City dormant, Gov. Andrew Cuomo helped ring the opening bell at the New York Stock Exchange, which opened to in-person trading for the first time since March.
The action on the trading floor served as a harbinger of economic activity inching back to life in the U. S.
Air travel got a boost over the holiday weekend, with more than 300,000 passengers passing through airport checkpoints on both Thursday and Friday. While those numbers were far lower than the typical 2 million daily travelers for Memorial Day, the uptick from the last two months was the first bright sign for the hard-hit airline industry in weeks.
White House economic adviser Larry Kudlow called it “grounds for optimism.”
“People are probably looking down the road, they realize this is temporary and they believe they are going to go back to work and businesses will reopen. I think that’s a big plus,” he said.
In the hardest-hit state of New York, all regions except the New York City area are expected to be up and running, at least partially, by the end of the week.
Virginia Gov. Ralph Northam said he would begin reopening Friday the parts of the state, such as Northern Virginia and Richmond, that have remained closed. And D. C. Mayor Muriel Bowser said the nation’s capital is set to enter phase one of reopening on Friday.
Mr. Cuomo is set to travel to Washington on Wednesday to talk infrastructure with Mr. Trump.
“You need to start the economy, you need to create jobs, and you need to renew and repair this county’s economy and infrastructure.
