Monday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.
John Deere
Deere & Company, parent of John Deere, will host a virtual country music benefit concert to help farmers.
The Farm Must Go On by John Deere concert will be live on Youtube at 8 p.m. on Dec. 9 from Brooklyn Bowl in Nashville. Performers will include Dustin Lynch, Maddie & Tae, Travis Denning and Tyler farr.
The concert is free to all viewers but donations are encouraged.
Cruise ships
Cruise ships may be able to sail again before the end of the year.
Under the CDC new guidelines, cruise ship operators must build laboratories on board each vessel with enough capacity to test crew and passengers, as well as hire a team necessary to conduct such testing.
The current no-sail order expired over the weekend.
Delta Airlines
Delta’s passenger traffic is still far off normal levels.
However, with the holiday travel season on the horizon, executives are seeing positive trends.
Delta’s CEO pointed to increased sales for the end of 2020, saying there was increased interest in Thanksgiving and Christmas travel.
Retail sales
U.S. holiday retail sales are expected to grow by 2.4%.
The Mastercard spending pulse survey says e-commerce and big box stores, with contactless shopping, will do well.
It also predicts local stores benefit as people don’t want to travel far from home to shop.