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Goldman Sachs' chief economist says if masks were required across the country, it could save the U.S. economy from a 5% loss.According to Forbes and CNBC, Jan Hatzius said in a note to clients that a nationwide mask requirement would prevent the spread of COVID-19 and prevent the need for further lockdown restrictions."We find that face masks are associated with significantly better coronavirus outcomes," Hatzius said. "Our baseline estimate is that a national mandate could raise the percentage of people who wear masks by 15 [percentage points] and cut the daily growth rate of confirmed cases by 1.0 [percentage point] to 0.6%. These calculations imply that a face mask mandate could potentially substitute for lockdowns that would otherwise subtract nearly 5% from GDP."According to the Bureau of Economic Analysis, the U.S. GDP totaled about .54 trillion in the First Quarter of 2020. According to Hatzius' analysis, not instituting a national mask requirement would cost the U.S. economy just over trillion.Several studies show that a mask or facial covering limits the wearer from spreading airborne droplets when speaking, sneezing or coughing. The coronavirus can live outside the body in these droplets for several hours and, in turn, infect other people — even before the person who spread the droplets has exhibited symptoms of COVID-19.Earlier this year, the Centers for Disease Control and Prevention (CDC) issued guidance that strongly recommended all Americans over the age of 2 wear masks in public, particularly in situations that would make social distancing impossible. However, it's stopped short of requiring masks.The CDC also says those who have trouble breathing should not wear a mask if it puts the wearers' health at risk.President Donald Trump has left individual states to issue mask requirements as they see fit, but has notably chafed at wearing face coverings during public appearances. He has also declined to require masks at his indoor rallies.About one-third of states across the country currently require masks when in public. Forty-six states require masks in certain instances. Presumptive Democratic Presidential Nominee Joe Biden has said he would make masks a requirement for the remainder of the pandemic should he be elected president. 2298

General Electric is cutting its stock dividend for only the second time since the Great Depression.The company announced Monday that it will cut the dividend from 24 cents to 12 cents per share.GE is one of America's most widely held stocks, and countless shareholders, including retirees, rely on the dividend payments. But the company is under enormous pressure to restore investor confidence. The stock has lost a third of its value this year.The company also cut its dividend in 2009, during the Great Recession. But dividend cuts are rare these days. Many companies are increasing them because the U.S. economy is healthy and the stock market is booming.GE plans an update for investors Monday morning and is expected to detail a strategy to stabilize the company by slashing costs and selling more businesses.It has already gotten rid of its real estate portfolio, its dishwasher and appliance business, and media properties NBC and Universal Studios. More recently, it unloaded its water business and a unit that makes electrical equipment for utilities.Even the light bulb division is up for sale as part of GE's mission to focus on being a modern industrial company that sells things like jet engines, power plants and MRI machines.GE confirmed on Friday that job cuts, some of which have begun, are part of a previously announced plan to cut costs by billion.  1386

From the East Coast to the Midwest to the Southwest, Latinos will vote.A recent study showed that Latinos are more inclined to support Joe Biden. However, Latinos are not a monolithic group and there is support among Latinos to support the Republicans.There is a growing number of Latinos who support President Donald Trump. There are states like Florida, where the Cuban vote is behind President Trump and groups applaud his efforts to make America great again.It’s a diverse group that is made up of new citizens and first or second generation. Many Latinos are religious, devout Catholics, Christian, and Protestants.However, we can’t forget about the Latino LGBT community that is showing their support and taking a stand. It’s a group that is complex because Latinos are also from different countries with different customs.Many experts believe that if either candidate is able to take the majority of the Latino vote, they will have a better chance of winning the White House.Among the key issues on the minds of many Latinos: the economy, fighting COVID-19 and health care. 1088

Hours after Amazon instructed its employees to remove the short-video sharing app TikTok from their devices -- the company back stepped.The online retail giant says the email was sent in error and there is no change to amazon's policy regarding TikTok.In the email sent to employees Friday morning and obtained by CNN, Amazon said that due to "security risks, the TikTok app is no longer permitted on mobile devices that can access Amazon email."A TikTok spokesperson said Amazon "did not communicate to us before sending their email, and we still do not understand their concerns."Politicians say the app could undermine national security given its ties to China.Cybersecurity experts have been more cautious about that assessment.TikTok is owned by the world's most valuable startup, a Chinese company named Bytedance. 828

HOLLYWOOD, Calif. (KGTV) -- Monday night, fans got a peek at the last chapter of the Skywalker saga. The official trailer for “Star Wars: The Rise of Skywalker” debuted during halftime of ESPN’s Monday Night football, according to CNN. The film will star Mark Hamill as Luke Skywalker, Billy Dee Williams as Lando Calrissian and the late Carrie Fisher as General Leia Organa thanks to unreleased footage shot for an earlier film. “The Rise of Skywalker” film is the ninth and final episode of Skywalker’s story. The movie is due in theatres December 20. Watch the trailer below: Disney acquired Lucasfilm in 2012 for billion, according to CNN. 655

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