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CNBC's Healthy Returns has a bonus newsletter this week looking back at how the Covid-19 pandemic has changed our economy (and society as we know it) now that it's claimed 1 million lives across the globe – the equivalent of wiping out all of Dallas. CNBC's team of reporters and editors has written a package of stories examining how it's changed health care, politics, the economy and individual industries and companies.
| | How the U.S. economic response to the pandemic stacks up to the rest of the world | While the U.S. health response to the coronavirus pandemic has faced criticism, the economic response has been among the best in the world. In the throes of the pandemic, the Federal Reserve and U.S. lawmakers moved swiftly to implement unprecedented stimulus aimed at supporting the largest economy in the world during a global halt to economic activity.
-Fred Imbert | | | | Coronavirus changed the 2020 money race — and helped Biden erase Trump's massive cash advantage | The coronavirus has changed everything about the 2020 presidential campaign, and the money race is no exception. Yet precisely how the two general election campaigns, Trump's and Biden's, have responded to the pandemic financially; and how they've raised and spent more than a billion dollars (and rising) in campaign donations this cycle could hardly be more different.
-Christina Wilkie | | | | 6 ways the coronavirus pandemic has forever altered the retail landscape | As the global death toll reaches 1 million, retailers stare down a new reality. The pandemic has altered not only their financial outlook for the year but their long-term direction. Some have filed for bankruptcy, laid off thousands of employees and are in the process of liquidating stores. Others, such as Target, Home Depot, Peloton and Lululemon, have benefited as consumers fix up their homes, look for ways to entertain themselves and adapt their daily routines and wardrobes. Here's a closer look at some ways that the pandemic has forever altered the retail landscape.
-Melissa Repko; Lauren Thomas | | | | How Amazon managed the coronavirus crisis and came out stronger | Facing store closures and empty shelves, shoppers turned to Amazon during the pandemic first for products to protect them from Covid-19, like hand sanitizer, face masks and disinfectants. The flood of online orders propelled Amazon to record sales during the second quarter. It then spent billions on coronavirus-related investments like safety gear for workers and its internal testing initiative, called Project Ultraviolet. While the U.S. navigated widespread unemployment and economic turmoil, Amazon kept hiring.
-Annie Palmer | | | | 'Helpless' doctors at start of coronavirus pandemic now have more treatments to save lives | In the early weeks of the outbreak, doctors struggled to understand why some patients died and others recovered. Within a few weeks, things began to change as doctors made advances in catching the early warning signs of a severe case of the disease and learned how to intervene early and effectively. The "sacrifices" made by some of the first patients who didn't make it early in the outbreak helped teach doctors what they needed to do to save lives later.
-Will Feuer | | | | Movie theaters in jeopardy as studios move blockbusters to 2021, audiences stay home | As the world races to find a vaccine, the economy continues to struggle. Movie theaters are among a host of sectors that do not have a clear path to recovery. The threat of a resurgence of cases in the cooler autumn and winter months makes the future of the industry even more uncertain. The theater industry is "not going to recover fully until consumers are confident that they won't die if they go to the movies," said one analyst said.
-Sarah Whitten | | | | New York City missing out on billions of tourism revenue as Broadway remains shuttered | In December, when 24-year-old Harrison Chapman gifted his girlfriend tickets to see "West Side Story" in March, he thought he'd delivered the perfect Christmas present. However, two weeks before they were set to settle into their seats to see the performance directed by Tony Award-winner Ivo van Hove, all 41 Broadway theaters were shuttered due to the coronavirus pandemic. Six months later, Broadway remains closed and isn't slated to reopen until January 3, 2021.
-Sarah Whitten | | | | Pandemic forces a reckoning for restaurants coping with capacity limits and new consumer habits | The pandemic has decimated restaurants -- particularly independent eateries -- and changed the course of the industry as operators try to adapt to new consumer changes that sprung from the virus. More than six months after states implemented stay-at-home orders, more than 100,000 bars and restaurants — or 15% of all eating and drinking establishments — have permanently closed, according to National Restaurant Association estimates. The trade group forecasts $240 billion in restaurant sales will be lost this year to the pandemic.
-Amelia Lucas | | One of the most influential investor conferences every year, Delivering Alpha, is taking place tomorrow!
This virtual event will bring together the most important players in asset management plus influential political and economic figures for a high-level discussion on the critical issues in today's global economy. | |
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