Southwest Airlines says it is temporarily cutting
back on serving snacks and drinks because of the
coronavirus outbreak. The airline said Tuesday it
has dropped all such service on flights under 250
miles, and starting it will offer only snacks and
unopened water cans on longer flights to limit
the number of objects touched by individuals.
MARKETS
Stocks jumped as President Donald Trump
promised he’s “going big” with plans to
blunt the economic pain caused by the
coronavirus outbreak.
Markets around the world remain highly volatile
as traders see a recession growing more likely,
if it hasn’t begun already. Tuesday’s 6% gain for
the S&P 500 meant it clawed back a little less
than half of its Monday decline, its biggest in
more than three decades.
Treasury Secretary Steven Mnuchin says financial
markets will stay open for people to access
their money during the coronavirus outbreak.
Mnuchin said at a White House briefing that
shorter hours may still be necessary. But he says
banks and other institutions will not shut down
as the U.S. grapples with the pandemic.
DOWNWARD SLOPE
Vail Resorts will close all slopes for the
remainder of the ski season. The company
announced that it would shut down its 34
resorts for at least one week.
HOTEL HEARTBREAK
Jon Bortz, CEO of Pebblebrook Hotel Trust,
which owns 54 hotels in major cities including
Image: Lee Jin-man