Unemployment Benefits Ending | Buffett sells American Airlines stock | Financial News Update 5-4-20
Federal Unemployment will not continue to issue $600 in addition to what states are paying as of July 31st. The states will continue to pay about 40% of what the employee was making before.
Warren Buffett had quite a few things said in his annual shareholders meeting. He basically said he didn’t like what the FEDs are doing but that they needed to do what they did haha. Warrantees Buffett also said he sold all of his airline stocks. This has made the DOW drop about 200 points.
Specifically American Airlines stock has not been doing well. He sold Delta airlines, Southwest airlines, and United airlines
Tyson foods has dipped today as well due to their lack of productions.
Elon Musk has officially listed his home for sale after he vowed to sell all of his physical possession in a tweet.
Tesla stock is up almost 6% on the day, you never know what’s going to happen with the Tesla stock.
Goldman Sachs says the global market has likely bottomed out already.
J. Crew though is in for a ride.