Feb 16, 2017

Big in Business: Boeing beats the unions in SC

Bruce Smith / AP

Organized labor was dealt a major blow on Wednesday when 74% workers at Boeing's North Charleston, South Carolina plant voted to remain union free. The result is salt in the wound of the labor movement, whose leaders backed Hillary Clinton in November, though its rank and file voted for the Republican nominee at the highest rate since the 1980s. The news comes as a relief to Boeing, which invested billions in South Carolina after a costly machinist union strike at its Washington facilities in 2008.

Verizon gets a discount: Revelations last year of massive hacking breaches at Yahoo in 2013 and 2014 has enabled Verizon to negotiate a $300 billion discount for its acquisition of the search giant. The Wall Street Journal reports that a new agreement could be hammered out by the end of the week, in time for the deal to be finalized in April, though an ongoing SEC investigation into whether Yahoo should have disclosed the new sooner may slow progress.

Wall Street braces for higher interest rates:

Data describing rising inflation and stronger retail sales, combined with Janet Yellen's

bullish commentary

before Congress this week has led to futures markets raising the odds that the Federal Reserve will raise interest rates at its next meeting next month. Wall Street Analysts concurred, with JPMorgan moving up its prediction for the first hike of 2017 to May rather than June, while Goldman Sachs said there was now a 30% chance of a hike next month, up from 20%.

Go deeper

Trump signs $2 trillion relief bill as U.S. coronavirus case count tops 100,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

President Trump signed a $2.2 trillion coronavirus relief package on Friday, as infections in the U.S. topped 100,000 and more cities experience spikes of the novel coronavirus.

The big picture: The U.S. has the most COVID-19 cases in the world, exceeding China and Italy, per data from Johns Hopkins. A second wave of American cities, including Boston, Detroit, New Orleans and Philadelphia, are reporting influxes of cases.

Go deeperArrowUpdated 8 hours ago - Health

Coronavirus updates: Italy records deadliest day with nearly 1,000 dead

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

Italy on Friday reported 969 COVID-19 deaths over a 24-hour period, marking the deadliest single-day for the country since the global outbreak began, according to data from the Health Ministry.

The big picture: The U.S. now leads the world in confirmed coronavirus cases, as the number of global cases nears 600,000. Governments around the world are trying to curb the medical and financial fallout of COVID-19, as infections surge across Europe and the U.S.

Go deeperArrowUpdated 8 hours ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 595,800 — Total deaths: 27,324 — Total recoveries: 131,006.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9 p.m. ET: 103,942 — Total deaths: 1,689 — Total recoveries: 870.
  3. Federal government latest: President Trump signed the $2 trillion coronavirus stimulus bill to provide businesses and U.S. workers economic relief.
  4. State updates: Nearly 92% of cities do not have adequate medical supplies — New York is trying to nearly triple its hospital capacity in less than a month.
  5. World updates: Italy reported 969 coronavirus deaths on Friday, the country's deadliest day.
  6. Business latest: President Trump authorized the use of the Defense Production Act to direct General Motors to build ventilators for those affected by COVID-19. White House trade adviser Peter Navarro has been appointed to enforce the act.
  7. 🏰 1 Disney thing: Both Disney World and Disneyland theme parks in the U.S. are closed until further notice.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancing.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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