Big Tech Beats COVID-19

[Click to view in browser](. Jul 8th 2020 Dear InvestingChannel Reader, The rally in tech stocks continues to move market indices, overpowering shaky fundamentals across sectors. While the S&P 500 and Dow have benefited from the recent market rally in tech, the VIX, known as the market “fear gauge” continues to trade at elevated levels signaling cautious investors. As new COVID-19 cases escalate in the US, major cities like Los Angeles are facing testing delays. In the midst of civil unrest, investors have reason to be wary of the emergence of a “second wave”, and the possibility of another lockdown. Despite the direct market intervention, loan facilities, and limitless grants made available by the Federal Reserve, airlines continue to face an existential threat. This morning, United Airlines announced it may be laying off half its workforce. Across the pond, government intervention takes a creative turn as the UK announces to offer job bonuses for workers and discounts on travel and dining. Elsewhere, here’s what caught our eye: - [Walgreens Dives Into Primary Care With Clinic Expansion]( - [Exclusive: Genius Brands CEO Sees Profitability 'By The End Of The Year']( - [3 Futuristic Transportation ETFs Hitting New Highs]( - [Quicken Loans Files For New York Stock Exchange IPO As Rocket Companies]( - [EU Bets On Clean Hydrogen To Decarbonize And Boost Economy]( - [Facebook Civil Rights Audit: 'Serious Setbacks' Mar Progress]( - [The Latest: US To Advise Health Care Workers To Reuse PPE]( - [Trump, Lopez Obrador Visit Is About Trade, But Politics Too]( - [Renters Face Financial Cliff Ahead; Limited Help Available]( [Learn how to build your wealth with top experts at the biggest all-online trading and wealth summit!]( Gain invaluable insight and actionable trading strategies from more than 60 of the greatest investing, trading, and wealth-building minds in the world. Access this powerful education from world-class thought leaders all from the comfort of your home! [Sign Up Now!]( Sponsored by Wealth365 Summit July 2020 On Tuesday, Amazon, Apple, Facebook and Microsoft closed at all-time highs: [Wall Street Drifts As Tech Stock Gains Offset Other Losses]( [(Barchart)]( NEW YORK (AP) — U.S. stock indexes are drifting up and down Wednesday, as a continued rally for big tech companies makes up for weakness elsewhere across Wall Street. [Click here to read more.]( The latest in fiscal policy intervention is a tax cut for restaurants and re-employment bonus for workers: [UK Gets Creative: Job Bonus And Eating Out Schemes Announced]( [(Barchart)]( LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an anticipated spike in unemployment as a result of the coronavirus pandemic. [Click here to read more.]( [In-Depth Market Analysis Delivered Straight To Your Phone]( With Covid-19 completely upending economies and markets it is becoming harder and harder to separate the important updates from the noise. Now with perspectives from our team of experts in equities, forex and commodities you won't have to. Get in-depth analysis on the markets now. Download the FREE app from [Android Play Store]( or [iOS App Store.]( Sponsored by IC 15,000 flight attendants, 11,000 customer service agents, 5,500 maintenance workers, and 2,250 pilots are about to get furloughed. Despite $5 billion in federal aid, United continues to lose $40 million a day: [United Sending Layoff Notices To Nearly Half Of US Employees]( [(Barchart)]( United Airlines is warning 36,000 employees - nearly half its U.S. staff - they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry. [Click here to read more.]( [Learn a Few Factors of an Option’s Price]( Sponsored by [The Options Industry Council]( Options can be unlike any other asset on the market — as reflected by their unique pricing. Learn more by attending a free webinar, Pricing Models and the Greeks, presented by OIC. [Sign up now to watch for free.]( [`A Hot Mess': Americans Face Testing Delays As Virus Surges]( by [Barchart]( LOS ANGELES (AP) — For two weeks, Rachael Jones has stayed home, going without a paycheck while waiting and waiting for the results of a COVID-19 test from a pharmacy near Philadelphia. [Read more.]( [Preeminent Research Firm Issues Latest Prediction]( Sponsored by [Stansberry Research]( The firm that predicted the Dotcom crash, housing bust, and Dow 20k says: “Massive shift could send $7 gold stock soaring.” [Click to see why.]( Copyright 2020, InvestingChannel, All Rights Reserved | [Privacy Policy]( [InvestingChannel, Inc.]( P.O. Box 118 New York, NY 10018. To unsubscribe, [click here]( [Link](