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In hopes of boosting international travel, American Airlines said it will begin offering coronavirus testing on some international flights leaving Miami, as well as flights to Hawaii out of Dallas.In cooperation with the governments of Jamaica and the Bahamas, American Airlines will be testing passengers for the coronavirus before flights out of Miami starting next month.The airline said that flights from Miami to Jamaica will allow for Jamaica residents to take a test, which will allow for a 14-day mandatory quarantine to be waved if the test comes back negative. The goal of the program is to eventually open the country to US citizens looking for a getaway.American Airlines said coronavirus testing will also be available for those flying from Miami to the Bahamas. Details of that program are still being worked out.Preflight testing will also be available for those flying from Dallas to Hawaii. The program will begin Oct. 15, and allow travelers three options: In at-home test, an in-person test at an urgent care, an or on-site rapid test available at Dallas-Fort Worth Airport. The tests must be completed within 72 hours of a flight.“The pandemic has changed our business in ways we never could have expected, but all the while, the entire American Airlines team has eagerly tackled the challenge of reimagining the way we deliver a safe, healthy and enjoyable travel experience for our customers,” said Robert Isom, President of American Airlines. “Our plan for this initial phase of preflight testing reflects the ingenuity and care our team is putting into rebuilding confidence in air travel, and we view this as an important step in our work to accelerate an eventual recovery of demand.” 1718
Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887
It may take until September to contain the largest fire in California history, which is now nearly the size of Los Angeles.So far, two firefighters have been injured while fighting the Mendocino Complex Fire, which consists of two fires -- the Ranch Fire and the River Fire -- in Northern California. The pair have burned 292,692 acres and was 34 percent contained as of Tuesday evening.The colossal fire altogether has destroyed 75 residences, according to the California Department of Forestry and Fire Protection, known as Cal Fire.Cal Fire estimated that full containment could take until September 1. The Mendocino Complex Fire ignited on July 27.Last year's Thomas Fire, which is the second-largest fire in California history, took more than six months to extinguish after burning 281,893 acres in Ventura and Santa Barbara counties. 852
INDIANAPOLIS -- A fill-up at an Indianapolis gas station turned out to cost an Indiana man more than 0 after the fuel was contaminated with water.Steve Schwartz usually heads out with a full gas tank. But one day, he noticed he was running on empty. So he pulled over to the Citgo in Indianapolis. With more than 16 gallons of fuel, he was good -- for about a mile. "After I put the gas in the car, all the lights on the dash went on and the car started to shutter," Schwartz said. He took his 2005 Lexus to be checked out. A techncian took a gasoline sample and noted "mostly water found inside the gas tank. Drained out bad fuel."The .50 he first spent at the gas pump led to a repair bill of 0. "I went to the owner several times and admitted there was a gas contamination problem and he told me would make an insurance claim and have them contact me the following day."But the call from the insurance company never came. RTV6 reached out to the owner of MH Oil Inc., and a check for the full reimbursement was issued.If something like this happens to you, report the problem to the state's Weights and Measures Division. 1176
INDIANAPOLIS — The NCAA is in preliminary talks with state and city officials to host the entire 68-team men’s basketball tournament in Indianapolis in the spring, the organization said.Indianapolis was already slated to host the Men’s Final Four from April 3-5, 2021.It is unclear if fans will be allowed to attend the games.“We have learned so much from monitoring other successful sporting events in the last several months, and it became clear it’s not feasible to manage this complex championship in so many different states with the challenges presented by the pandemic,” said Dan Gavitt, NCAA Senior Vice President of Basketball. “However, we are developing a solid plan to present a safe, responsible and fantastic March Madness tournament unlike any other we’ve experienced.”The NCAA said the Division I Men’s Basketball Committee emphasized the importance of conducting the tournament in a manageable geographic area that limits travel and provides an environment with competition and practice venues, medical resources and lodging for teams and officials all near each another.This story originally reported on WRTV.com. 1140