54% of American workers are “very concerned” about their job security due to the coronavirus crisis, according to polling from Kekst CNC, an international strategic communications firm, shared exclusively with Axios.
By the numbers: That's compared to 41% of Brits, 44% of Germans and 35% of Swedes. Nonetheless, majorities in all four countries prioritize stopping the spread rather than reopening the economy, even if it means a possible economic depression.
Adapted from Kekst CNC, margin of error ±3.3 percentage points; Chart: Axios Visuals
The White House Correspondents' Association dinner has been rescheduled to Aug. 29 after getting bumped from its traditional April date because of the coronavirus pandemic, the White House Correspondents' Association announced Monday.
The state of play: The WHCA said it made the decision "after consulting with public health and medical officials." "Saturday Night Live" cast member Kenan Thompson will still host the event, alongside comedian Hasan Minhaj as the featured performer.
Oil prices haven’t changed all that much in response to the announcement Sunday of an international agreement on historically steep oil production cuts.
Where it stands: The global benchmark Brent crude is trading in the $31-per-barrel range, not far from where it ended last week, and the U.S. benchmark WTI at around $23.
Arcus Infrastructure Partners has received multiple binding offers for its 80% stake in Portuguese toll road operator Brisa, which originally was expected to net around €3 billion, per Bloomberg.
Why it matters: This could be a litmus test for how investors view the future of office work. Portugal's toll road traffic has obviously tanked in the midst of lockdown, but long-term revenue trends will depend on how many people keep working from home after the pandemic subsides.
Despite being linked to MLB's billion-dollar ball clubs, minor league baseball teams are essentially just small businesses — and like most other small businesses right now, the coronavirus pandemic has put their future in jeopardy.
By the numbers: MLB's gross revenue in 2019 was $10.7 billion, 50% of which came from media rights deals. The minor leagues, by comparison, have an entirely different model, relying much more heavily on ticket sales and the in-stadium experience.
ABC News' George Stephanopoulos announced Monday during an appearance on "Good Morning America" that he tested positive for coronavirus.
The big picture: Stephanopoulos, who said he was asymptomatic and "feeling great," had been at home caring for his wife, actress and bestselling author Ali Wentworth, who also tested positive.
More Americans are ordering delivery as restaurants close due to the COVID-19 outbreak and shelter-in-place orders made more people reluctant to leave the house.
What's happening: The number of people ordering food from restaurants has steadily increased but is largely staying consistent among age and income groups, new data from CivicScience shows.
U.S. consumer sentiment suffered a record decline in April, according to the latest poll from the University of Michigan, but respondents are still irrationally confident about the future, the survey's director says.
What happened: The survey's gauge of preliminary consumer sentiment sank 18 points to 71, its lowest since 2011.
Oil prices rose after news of a production cut agreement between the world's largest producers, but experts warn the move will not be enough to sustainably hold up prices or change the industry's bleak trajectory.
Driving the news: Crude futures jumped about 5% to near $25 a barrel for WTI crude after the OPEC+ alliance agreed to a 10 million barrels-per-day production cut beginning in May that ended a price war between Saudi Arabia and Russia.