Business

Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Virtual parties

Evite says family birthday parties topped the list for in-person events – 41% said they’re likely to attend a family member’s birthday party even if COVID-19 cases in their country are increasing.

Forty-two percent revealed they’d only feel comfortable hosting a party in 2020 if they knew all their guests had tested negative for COVID-19, while 38% would need ample hand sanitizer for everyone.

Walmart mask mandate

Walmart is walking back its mask mandate.

To avoid a “physical confrontation,” staff have been instructed to serve people who refuse to wear one anyway.

Home Depot, Lowe’s, CVS and Walgreens will also serve people refusing to wear them, according to CNN.

Fitness industry

The fitness industry has been battered by the coronavirus pandemic, leaving hundreds of thousands of employees without jobs while gyms are closed.

A board member of the International Health, Racquet and Sportsclub Association told Fox Business while restaurants and hotels received specific waivers in the first PPP loan package, fitness centers did not.

The fitness industry is estimated to have lost $7 billion in revenue through July 1.

Business earnings

It’s a busy week ahead, Apple reports earnings, Washing will hammer out a relief bill and the Federal Reserve meets.

Investors will also be watching as the titans of tech are expected to testify before the House Judiciary Subcommittee Wednesday.

Finally, the first reading of second-quarter gross domestic product will be released Thursday, and it will show how hard the economy crashed after it was shut down to fight the coronavirus.

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