Traders return to the floor of the NYSE for the first time since late March
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After a period of sheltering at home to slow the spread of COVID-19, some New York Stock Exchange traders return to the floor Monday. There are new health and safety rules in place: face masks, social distancing and no handshakes, among them.
Floor trading is back for the first time since late March when it was suspended. Brokers will be greeted with plexiglass barriers to help maintain distance from each other, and they must submit to temperature checks upon entering the building.
Traders are also asked to avoid public transportation to get to and from work. There’s also no eating on the trading floor, so masks stay on.
Brokers have to sign waivers limiting the stock exchange’s liability if they’re infected with the novel coronavirus while on the job.
Not all floor brokers are returning today, only about 25%. Everyone else will continue to work remotely.
In this age of automation, why are there still people on the New York Stock Exchange floor at all? We took a closer look in the video below.
COVID-19 Economy FAQs
How many people are flying? Has traveled picked up?
Flying is starting to recover to levels the airline industry hasn’t seen in months. The Transportation Security Administration announced on Oct. 19 that it’s screened more than 1 million passengers on a single day — its highest number since March 17. The TSA also screened more than 6 million passengers last week, its highest weekly volume since the start of the COVID-19 pandemic. While travel is improving, the TSA announcement comes amid warnings that the U.S. is in the third wave of the coronavirus. There are now more than 8 million cases in the country, with more than 219,000 deaths.
How are Americans feeling about their finances?
Nearly half of all Americans would have trouble paying for an unexpected $250 bill and a third of Americans have less income than before the pandemic, according to the latest results of our Marketplace-Edison Poll. Also, 6 in 10 Americans think that race has at least some impact on an individual’s long-term financial situation, but Black respondents are much more likely to think that race has a big impact on a person’s long-term financial situation than white or Hispanic/Latinx respondents.
Find the rest of the poll results here, which cover how Americans have been faring financially about six months into the pandemic, race and equity within the workplace and some of the key issues Trump and Biden supporters are concerned about.
What’s going to happen to retailers, especially with the holiday shopping season approaching?
A report out recently from the accounting consultancy BDO USA said 29 big retailers filed for bankruptcy protection through August. And if bankruptcies continue at that pace, the number could rival the bankruptcies of 2010, after the Great Recession. For retailers, the last three months of this year will be even more critical than usual for their survival as they look for some hope around the holidays.
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