Updated May 14, 2020 - Health

CLEAR chief: Travel will be an "all-in-one touchless experience"

CLEAR CEO Caryn Seidman-Becker. Photo: Matt Winkelmeyer/Getty Images

Industries need to adapt to be able to bring down the risk of viruses and pathogens while also rebuilding consumer confidence during the coronavirus pandemic, Caryn Seidman-Becker, CEO of biometric identity company CLEAR, said at an Axios virtual event on Thursday.

The big picture: Seidman-Becker said that many of these needs are the same that emerged following the 9/11 attacks: safety and ease. She said biometric technology and linked information could be used to increase consumer confidence as stadiums and workplaces reopen.

What she's saying: "I think what you are going to see, not only in travel, which was deeply impacted by 9/11, but across so many industries that are having the same structural problems, bringing back both their employees and their customers ... is the need for this multilayered approach using innovation and technology like biometrics."

  • CLEAR is developing an app that could link to lab results the way biometrics are now linked to boarding passes. It will use facial recognition software as well.
  • Passengers will be able to have an "all-in-one touchless experience."
  • "I also think what consumers want, and what we saw after 9/11 as anxiety rises, you want ... predictability and control over your experience, and so we are launching a home-to-gate app for travel which connects traffic information."

Editor's note: This has been updated with new information.

Go deeper

1.9 million Americans filed for unemployment last week

Photo: Mario Tama/Getty Images

Another roughly 1.9 million people filed for unemployment last week, the Department of Labor said on Thursday.

The big picture: The coronavirus pandemic is still putting a historic strain on the labor market, though the pace of unemployment applications continues to slow.

The risk asset rally continues as stock market rebounds

Illustration: Sarah Grillo/Axios

Risk assets have jumped over the past week and continued their rally on Wednesday, with the S&P 500 gaining for a fourth straight day and posting its highest close since March 4, while the Nasdaq ended the day just 1.4% below its all-time high.

What it means: If it hadn't been evident before, Wednesday's market action made clear that the bulls are back in charge.

Trump's troubles grow, spread

Photo: Tasos Katopodis/Getty Images

President Trump is confronting the most dire political environment of his presidency, with his support dropping fast from Texas to Wisconsin, even among his base of religious and older voters. 

Why it matters: Top Republicans tell Axios that Trump's handling of the nation's civil unrest, including his hasty photo op at St. John's Church after the violent clearing of Lafayette Park, make them much more worried about his chance of re-election than they were one week ago.