The Dow rose 217 points.
After its worst quarter since the 2008 financial crisis. Economists expect more volatilities in the months to come. European aircraft maker Airbus says it will eliminate 15,000 jobs over the next two years as it struggles with the financial hit of the pandemic. Industry analysts say it could be a slate is 2025 before air traffic recovers to pre Covad levels. Cinemark Holdings will reopen some of its US movie theaters on July 24th with additional theater. Er's re opening in the following weeks. All will reopen with elevated cleaning and safety standards. AMC plans to reopen some of its theaters next month. Daria holding our ABC News. Meanwhile, a closer look at the Fed and Treasury's response to the Corona virus pandemic as leaders testify on Capitol Hill Federal Reserve chair Jerome Powell warning it is unlikely the economy will