What’s moving markets today: Live updates – CNN

United Airlines (UAL) will let passengers choose from non-binary gender options. It says it is the first US airline to do so.

In addition to “male” and “female,” customers can now choose to identify themselves as “U,” which means undisclosed, or “X,” which means unspecified, corresponding with what is on the person’s identification or passport.

United said that customers can now also select the title “Mx.,” a gender-neutral alternative to titles such as “Mr.” or “Ms.,” during the booking process.

The airline’s announcement comes weeks after Airlines for America, the industry trade group, said its members approved a new international standard for non-binary passengers, effective June 1. American Airlines (AAL) said at the time that it was working on the change.

Delta Airlines (DAL), which is not a part of A4A, also said at the time that it was working on non-binary options for its customers.

United said Friday it worked with LGBT groups, including the Trevor Project and Human Rights Campaign, to implement the choices.

It added that it will be “providing additional employee training to make us even more welcoming for all customers and employees.”

Read More

Shaq is joining Papa John’s board of directors – CNN

‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2018/09/24/papa-john-founder-resigns-orig.cnn-business’,width: ‘100%’,height: ‘100%’,section: ‘domestic’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘cnnbusiness_investing_marketsnow_carousel_t1’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-exlarge-169.jpg”,”height”:439},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”Papa John’s is losing the pizza wars. Big time.”,”duration”:”01:38″,”sourceName”:”CNN Business “,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/24/papa-john-founder-resigns-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/24/papa-john-founder-resigns-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/24/papa-john-founder-resigns-orig.cnn-business/video/playlists/business-news/”,”description”:”The founder and public face of Papa John’s has resigned in scandal, but the company’s troubles don’t stop there. Here’s why Papa John’s hasn’t kept up with Domino’s and Pizza Hut. “,”descriptionText”:”The founder and public face of Papa John’s has resigned in scandal, but the company’s troubles don’t stop there. Here’s why Papa John’s hasn’t kept up with Domino’s and Pizza Hut. “},{“title”:”How Tesla made electric cars sexy”,”duration”:”01:53″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/19/tesla-history-origin-story-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/19/tesla-history-origin-story-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190319155548-tesla-origin-story-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/19/tesla-history-origin-story-orig.cnn-business/video/playlists/business-news/”,”description”:”Tesla’s Model 3 was the bestselling luxury car of 2018. But the auto company hasn’t had a smooth road to success. This is Tesla’s origin story.”,”descriptionText”:”Tesla’s Model 3 was the bestselling luxury car of 2018. But the auto company hasn’t had a smooth road to success. This is Tesla’s origin story.”},{“title”:”Levi’s CEO: Don’t put jeans in the freezer”,”duration”:”01:15″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/21/dont-freeze-jeans-levi-strauss-ceo-markets-now.cnn-business/index.xml”,”videoId”:”business/2019/03/21/dont-freeze-jeans-levi-strauss-ceo-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190321010304-0320-levis-jeans-01-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/21/dont-freeze-jeans-levi-strauss-ceo-markets-now.cnn-business/video/playlists/business-news/”,”description”:”Levi Strauss CEO Chip Bergh tells denim-wearers what not to do with their jeans.”,”descriptionText”:”Levi Strauss CEO Chip Bergh tells denim-wearers what not to do with their jeans.”},{“title”:”Does OPEC really control oil prices?”,”duration”:”02:29″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/21/opec-oil-prices-zw-orig.cnn/index.xml”,”videoId”:”business/2019/03/21/opec-oil-prices-zw-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181015102952-01-saudi-arabia-oilfield-file-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/21/opec-oil-prices-zw-orig.cnn/video/playlists/business-news/”,”description”:”CNN’s Christine Romans explains why OPEC is still a key player, but doesn’t hold as much sway over oil prices as it used to.”,”descriptionText”:”CNN’s Christine Romans explains why OPEC is still a key player, but doesn’t hold as much sway over oil prices as it used to.”},{“title”:”This is how Facebook kills its competition”,”duration”:”03:24″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/21/this-is-how-facebook-kills-its-competition.cnn-business/index.xml”,”videoId”:”business/2019/03/21/this-is-how-facebook-kills-its-competition.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190307132342-02-mark-zuckerberg-2018-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/21/this-is-how-facebook-kills-its-competition.cnn-business/video/playlists/business-news/”,”description”:”CNN’s Jon Sarlin explores the different ways that the social media giant has kept competitors at bay — and why that could now spell trouble.”,”descriptionText”:”CNN’s Jon Sarlin explores the different ways that the social media giant has kept competitors at bay — and why that could now spell trouble.”},{“title”:”What is an aircraft’s angle of attack?”,”duration”:”01:08″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn/index.xml”,”videoId”:”business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190314143940-02-boeing-737-max-8-0313-restricted-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn/video/playlists/business-news/”,”description”:”A plane’s angle of attack is critical to safe flight. CNN’s Oren Liebermann explains why it may be important to the recent Ethiopian Airlines crash. “,”descriptionText”:”A plane’s angle of attack is critical to safe flight. CNN’s Oren Liebermann explains why it may be important to the recent Ethiopian Airlines crash. “},{“title”:”JPMorgan Chase wants to hire more ex felons”,”duration”:”03:02″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/18/jamie-dimon-jpmorgan-chase-felons-future-work-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/18/jamie-dimon-jpmorgan-chase-felons-future-work-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190318175224-jamie-dimon-jpmorgan-chase-felons-future-work-orig-00000000-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/18/jamie-dimon-jpmorgan-chase-felons-future-work-orig.cnn-business/video/playlists/business-news/”,”description”:”In an exclusive interview with CNN Business, CEO Jamie Dimon tells Poppy Harlow about JPMorgan Chase’s $350 million investment in the future of work.”,”descriptionText”:”In an exclusive interview with CNN Business, CEO Jamie Dimon tells Poppy Harlow about JPMorgan Chase’s $350 million investment in the future of work.”},{“title”:”Coca-Cola launches flavored sparkling Smartwater”,”duration”:”01:18″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/18/coca-cola-flavored-sparkling-smartwater-release-orig-llr.cnn-business/index.xml”,”videoId”:”business/2019/03/18/coca-cola-flavored-sparkling-smartwater-release-orig-llr.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190318190225-sparkling-smartwater-flavors-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/18/coca-cola-flavored-sparkling-smartwater-release-orig-llr.cnn-business/video/playlists/business-news/”,”description”:”As more Americans are reaching for drinks with lower sugar, sparkling water is on the rise. Coke is keeping up with the trend by rolling out flavored sparkling Smartwater.”,”descriptionText”:”As more Americans are reaching for drinks with lower sugar, sparkling water is on the rise. Coke is keeping up with the trend by rolling out flavored sparkling Smartwater.”},{“title”:”This fashion giant is under siege by imitators. Here’s why it’s legal”,”duration”:”06:56″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/18/supreme-legal-fakes-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/18/supreme-legal-fakes-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190315104957-gfx-supreme-legal-fakes-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/18/supreme-legal-fakes-orig.cnn-business/video/playlists/business-news/”,”description”:”Streetwear brand Supreme is loved by celebrities and valued at $1 billion. But overseas it’s waging war against “legal fakes,” companies that are legally imitating the brand in countries from Spain to China.”,”descriptionText”:”Streetwear brand Supreme is loved by celebrities and valued at $1 billion. But overseas it’s waging war against “legal fakes,” companies that are legally imitating the brand in countries from Spain to China.”},{“title”:”See Tesla’s new Model Y”,”duration”:”01:19″,”sourceName”:”CNN business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190315011657-03-tesla-model-y-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business/video/playlists/business-news/”,”description”:”Tesla unveiled its newest all-electric car, the Model Y at the Tesla Design Studio in Hawthorne, California. “,”descriptionText”:”Tesla unveiled its newest all-electric car, the Model Y at the Tesla Design Studio in Hawthorne, California. “},{“title”:”This controversial app tracks nearby danger in real time”,”duration”:”01:26″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/citizen-app-crime-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/citizen-app-crime-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190311104526-citizen-app-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/citizen-app-crime-orig.cnn-business/video/playlists/business-news/”,”description”:”Citizen is a mobile app that sends out realtime alerts and crowdsources video of nearby crime and emergencies. But some say it encourages people to run towards danger in order to film it.”,”descriptionText”:”Citizen is a mobile app that sends out realtime alerts and crowdsources video of nearby crime and emergencies. But some say it encourages people to run towards danger in order to film it.”},{“title”:”Director calls disgraced Theranos founder ‘delusional'”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/theranos-alex-gibney-elizabeth-holmes-zw-mc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/theranos-alex-gibney-elizabeth-holmes-zw-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190306140221-02-theranos-employees-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/theranos-alex-gibney-elizabeth-holmes-zw-mc-orig.cnn-business/video/playlists/business-news/”,”description”:””The Inventor” documents the fall of Theranos founder Elizabeth Holmes. Director Alex Gibney speaks to CNN about obtaining footage from the secretive company and how Holmes’ story is not necessarily unique.”,”descriptionText”:””The Inventor” documents the fall of Theranos founder Elizabeth Holmes. Director Alex Gibney speaks to CNN about obtaining footage from the secretive company and how Holmes’ story is not necessarily unique.”},{“title”:”SpaceX’s Crew Dragon returns home with a splash”,”duration”:”02:16″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/02/spacex-crew-dragon-launch-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/02/spacex-crew-dragon-launch-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190308114749-spacex-crew-dragon-splashdown-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/02/spacex-crew-dragon-launch-orig.cnn-business/video/playlists/business-news/”,”description”:”After successfully returning to Earth, SpaceX’s Crew Dragon vehicle gets one step closer to carrying astronauts into space.”,”descriptionText”:”After successfully returning to Earth, SpaceX’s Crew Dragon vehicle gets one step closer to carrying astronauts into space.”},{“title”:”See Volkswagen’s new electric beach buggy”,”duration”:”01:00″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/07/volkswagen-beach-buggy-electric.cnn-business/index.xml”,”videoId”:”business/2019/03/07/volkswagen-beach-buggy-electric.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190307135445-vr-beach-buggy-01-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/07/volkswagen-beach-buggy-electric.cnn-business/video/playlists/business-news/”,”description”:”Volkswagen’s ID. Buggy concept car aims to capture nostalgia for the 1960s with what it refers to as an “emotional product.””,”descriptionText”:”Volkswagen’s ID. Buggy concept car aims to capture nostalgia for the 1960s with what it refers to as an “emotional product.””},{“title”:”Believe it or not, dollar stores are thriving”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/07/dollar-stores-thriving-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/07/dollar-stores-thriving-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190307110400-dollar-general-store-opens-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/07/dollar-stores-thriving-orig.cnn-business/video/playlists/business-news/”,”description”:”While many retailers close stores, dollar stores are opening up new locations. Targeting rural and lower income communities, dollar stores have managed to thrive in the digital age.”,”descriptionText”:”While many retailers close stores, dollar stores are opening up new locations. Targeting rural and lower income communities, dollar stores have managed to thrive in the digital age.”},{“title”:”After 52 years, Lordstown must face life after GM “,”duration”:”02:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/05/gm-lordstown-closing.cnn-business/index.xml”,”videoId”:”business/2019/03/05/gm-lordstown-closing.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190306075830-save-the-gm-plant-lordstown-ophio-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/05/gm-lordstown-closing.cnn-business/video/playlists/business-news/”,”description”:”GM has been a critical part of this Ohio town’s economy for decades. Now, as GM makes changes to its business, these workers face an uncertain future.”,”descriptionText”:”GM has been a critical part of this Ohio town’s economy for decades. Now, as GM makes changes to its business, these workers face an uncertain future.”}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = true;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//www.i.cdn.cnn.com/.a/2.146.6/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-r4xflx”,’js-video_description-featured-r4xflx’,[{“title”:”Papa John’s is losing the pizza wars. Big time.”,”duration”:”01:38″,”sourceName”:”CNN Business “,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/24/papa-john-founder-resigns-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/24/papa-john-founder-resigns-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180802102409-papa-johns-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/24/papa-john-founder-resigns-orig.cnn-business/video/playlists/business-news/”,”description”:”The founder and public face of Papa John’s has resigned in scandal, but the company’s troubles don’t stop there. Here’s why Papa John’s hasn’t kept up with Domino’s and Pizza Hut. “,”descriptionText”:”The founder and public face of Papa John’s has resigned in scandal, but the company’s troubles don’t stop there. Here’s why Papa John’s hasn’t kept up with Domino’s and Pizza Hut. “},{“title”:”How Tesla made electric cars sexy”,”duration”:”01:53″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/19/tesla-history-origin-story-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/19/tesla-history-origin-story-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190319155548-tesla-origin-story-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/19/tesla-history-origin-story-orig.cnn-business/video/playlists/business-news/”,”description”:”Tesla’s Model 3 was the bestselling luxury car of 2018. But the auto company hasn’t had a smooth road to success. This is Tesla’s origin story.”,”descriptionText”:”Tesla’s Model 3 was the bestselling luxury car of 2018. But the auto company hasn’t had a smooth road to success. This is Tesla’s origin story.”},{“title”:”Levi’s CEO: Don’t put jeans in the freezer”,”duration”:”01:15″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/21/dont-freeze-jeans-levi-strauss-ceo-markets-now.cnn-business/index.xml”,”videoId”:”business/2019/03/21/dont-freeze-jeans-levi-strauss-ceo-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190321010304-0320-levis-jeans-01-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/21/dont-freeze-jeans-levi-strauss-ceo-markets-now.cnn-business/video/playlists/business-news/”,”description”:”Levi Strauss CEO Chip Bergh tells denim-wearers what not to do with their jeans.”,”descriptionText”:”Levi Strauss CEO Chip Bergh tells denim-wearers what not to do with their jeans.”},{“title”:”Does OPEC really control oil prices?”,”duration”:”02:29″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/21/opec-oil-prices-zw-orig.cnn/index.xml”,”videoId”:”business/2019/03/21/opec-oil-prices-zw-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/181015102952-01-saudi-arabia-oilfield-file-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/21/opec-oil-prices-zw-orig.cnn/video/playlists/business-news/”,”description”:”CNN’s Christine Romans explains why OPEC is still a key player, but doesn’t hold as much sway over oil prices as it used to.”,”descriptionText”:”CNN’s Christine Romans explains why OPEC is still a key player, but doesn’t hold as much sway over oil prices as it used to.”},{“title”:”This is how Facebook kills its competition”,”duration”:”03:24″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/21/this-is-how-facebook-kills-its-competition.cnn-business/index.xml”,”videoId”:”business/2019/03/21/this-is-how-facebook-kills-its-competition.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190307132342-02-mark-zuckerberg-2018-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/21/this-is-how-facebook-kills-its-competition.cnn-business/video/playlists/business-news/”,”description”:”CNN’s Jon Sarlin explores the different ways that the social media giant has kept competitors at bay — and why that could now spell trouble.”,”descriptionText”:”CNN’s Jon Sarlin explores the different ways that the social media giant has kept competitors at bay — and why that could now spell trouble.”},{“title”:”What is an aircraft’s angle of attack?”,”duration”:”01:08″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn/index.xml”,”videoId”:”business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190314143940-02-boeing-737-max-8-0313-restricted-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn/video/playlists/business-news/”,”description”:”A plane’s angle of attack is critical to safe flight. CNN’s Oren Liebermann explains why it may be important to the recent Ethiopian Airlines crash. “,”descriptionText”:”A plane’s angle of attack is critical to safe flight. CNN’s Oren Liebermann explains why it may be important to the recent Ethiopian Airlines crash. “},{“title”:”JPMorgan Chase wants to hire more ex felons”,”duration”:”03:02″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/18/jamie-dimon-jpmorgan-chase-felons-future-work-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/18/jamie-dimon-jpmorgan-chase-felons-future-work-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190318175224-jamie-dimon-jpmorgan-chase-felons-future-work-orig-00000000-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/18/jamie-dimon-jpmorgan-chase-felons-future-work-orig.cnn-business/video/playlists/business-news/”,”description”:”In an exclusive interview with CNN Business, CEO Jamie Dimon tells Poppy Harlow about JPMorgan Chase’s $350 million investment in the future of work.”,”descriptionText”:”In an exclusive interview with CNN Business, CEO Jamie Dimon tells Poppy Harlow about JPMorgan Chase’s $350 million investment in the future of work.”},{“title”:”Coca-Cola launches flavored sparkling Smartwater”,”duration”:”01:18″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/18/coca-cola-flavored-sparkling-smartwater-release-orig-llr.cnn-business/index.xml”,”videoId”:”business/2019/03/18/coca-cola-flavored-sparkling-smartwater-release-orig-llr.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190318190225-sparkling-smartwater-flavors-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/18/coca-cola-flavored-sparkling-smartwater-release-orig-llr.cnn-business/video/playlists/business-news/”,”description”:”As more Americans are reaching for drinks with lower sugar, sparkling water is on the rise. Coke is keeping up with the trend by rolling out flavored sparkling Smartwater.”,”descriptionText”:”As more Americans are reaching for drinks with lower sugar, sparkling water is on the rise. Coke is keeping up with the trend by rolling out flavored sparkling Smartwater.”},{“title”:”This fashion giant is under siege by imitators. Here’s why it’s legal”,”duration”:”06:56″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/18/supreme-legal-fakes-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/18/supreme-legal-fakes-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190315104957-gfx-supreme-legal-fakes-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/18/supreme-legal-fakes-orig.cnn-business/video/playlists/business-news/”,”description”:”Streetwear brand Supreme is loved by celebrities and valued at $1 billion. But overseas it’s waging war against “legal fakes,” companies that are legally imitating the brand in countries from Spain to China.”,”descriptionText”:”Streetwear brand Supreme is loved by celebrities and valued at $1 billion. But overseas it’s waging war against “legal fakes,” companies that are legally imitating the brand in countries from Spain to China.”},{“title”:”See Tesla’s new Model Y”,”duration”:”01:19″,”sourceName”:”CNN business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190315011657-03-tesla-model-y-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/15/tesla-unveils-new-model-y-lc-orig.cnn-business/video/playlists/business-news/”,”description”:”Tesla unveiled its newest all-electric car, the Model Y at the Tesla Design Studio in Hawthorne, California. “,”descriptionText”:”Tesla unveiled its newest all-electric car, the Model Y at the Tesla Design Studio in Hawthorne, California. “},{“title”:”This controversial app tracks nearby danger in real time”,”duration”:”01:26″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/citizen-app-crime-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/citizen-app-crime-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190311104526-citizen-app-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/citizen-app-crime-orig.cnn-business/video/playlists/business-news/”,”description”:”Citizen is a mobile app that sends out realtime alerts and crowdsources video of nearby crime and emergencies. But some say it encourages people to run towards danger in order to film it.”,”descriptionText”:”Citizen is a mobile app that sends out realtime alerts and crowdsources video of nearby crime and emergencies. But some say it encourages people to run towards danger in order to film it.”},{“title”:”Director calls disgraced Theranos founder ‘delusional'”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/theranos-alex-gibney-elizabeth-holmes-zw-mc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/theranos-alex-gibney-elizabeth-holmes-zw-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190306140221-02-theranos-employees-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/theranos-alex-gibney-elizabeth-holmes-zw-mc-orig.cnn-business/video/playlists/business-news/”,”description”:””The Inventor” documents the fall of Theranos founder Elizabeth Holmes. Director Alex Gibney speaks to CNN about obtaining footage from the secretive company and how Holmes’ story is not necessarily unique.”,”descriptionText”:””The Inventor” documents the fall of Theranos founder Elizabeth Holmes. Director Alex Gibney speaks to CNN about obtaining footage from the secretive company and how Holmes’ story is not necessarily unique.”},{“title”:”SpaceX’s Crew Dragon returns home with a splash”,”duration”:”02:16″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/02/spacex-crew-dragon-launch-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/02/spacex-crew-dragon-launch-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190308114749-spacex-crew-dragon-splashdown-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/02/spacex-crew-dragon-launch-orig.cnn-business/video/playlists/business-news/”,”description”:”After successfully returning to Earth, SpaceX’s Crew Dragon vehicle gets one step closer to carrying astronauts into space.”,”descriptionText”:”After successfully returning to Earth, SpaceX’s Crew Dragon vehicle gets one step closer to carrying astronauts into space.”},{“title”:”See Volkswagen’s new electric beach buggy”,”duration”:”01:00″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/07/volkswagen-beach-buggy-electric.cnn-business/index.xml”,”videoId”:”business/2019/03/07/volkswagen-beach-buggy-electric.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190307135445-vr-beach-buggy-01-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/07/volkswagen-beach-buggy-electric.cnn-business/video/playlists/business-news/”,”description”:”Volkswagen’s ID. Buggy concept car aims to capture nostalgia for the 1960s with what it refers to as an “emotional product.””,”descriptionText”:”Volkswagen’s ID. Buggy concept car aims to capture nostalgia for the 1960s with what it refers to as an “emotional product.””},{“title”:”Believe it or not, dollar stores are thriving”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/07/dollar-stores-thriving-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/07/dollar-stores-thriving-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190307110400-dollar-general-store-opens-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/07/dollar-stores-thriving-orig.cnn-business/video/playlists/business-news/”,”description”:”While many retailers close stores, dollar stores are opening up new locations. Targeting rural and lower income communities, dollar stores have managed to thrive in the digital age.”,”descriptionText”:”While many retailers close stores, dollar stores are opening up new locations. Targeting rural and lower income communities, dollar stores have managed to thrive in the digital age.”},{“title”:”After 52 years, Lordstown must face life after GM “,”duration”:”02:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/05/gm-lordstown-closing.cnn-business/index.xml”,”videoId”:”business/2019/03/05/gm-lordstown-closing.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190306075830-save-the-gm-plant-lordstown-ophio-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/05/gm-lordstown-closing.cnn-business/video/playlists/business-news/”,”description”:”GM has been a critical part of this Ohio town’s economy for decades. Now, as GM makes changes to its business, these workers face an uncertain future.”,”descriptionText”:”GM has been a critical part of this Ohio town’s economy for decades. Now, as GM makes changes to its business, these workers face an uncertain future.”}],’js-video_headline-featured-r4xflx’,”,”js-video_source-featured-r4xflx”,true,true,’business-news’);if (typeof configObj.context !== ‘string’ || configObj.context.length

Read More

San Antonio bars Chick-fil-A from airport over ‘legacy of anti-LGBTQ’ behavior. The company’s response is exactly what you’d expect. – TheBlaze

Chick-fil-A does not have a place in San Antonio International Airport because of what the city council calls the restaurant’s “legacy of anti-LGBTQ” behaviors.

What are the details?

The San Antonio City Council rejected a potential Chick-fil-A site at the airport on Thursday.

According to KTSA-TV, the latest Food, Beverage, and Retail Prime Concession Agreement — a seven-year contract — is set to generate more than $2 million for the Texas city. Though other restaurants and retail spaces were approved, Chick-fil-A, which was proposed, was struck down.

Councilman Robert Treviño told the station that the council made the decision based on inclusivity.

“With this decision, the City Council reaffirmed the work our city has done to become a champion of equality and inclusion,” he said. “San Antonio is a city full of compassion, and we do not have room in our public facilities for a business with a legacy of anti-LGBTQ behavior.”

“Everyone has a place here,” he added, “and everyone should feel welcome when they walk through our airport.”

Earlier this week, Think Progress published reports revealing the company’s tax documents, which revealed that the business’ foundation donated more than $1.8 million to organizations considered “controversial” because of their stances on biblical marriage. The organizations included the Fellowship of Christian Athletes and the Salvation Army, which have come under scrutiny regarding their stance on LGBTQ issues.

Chick-fil-A issued a response after the reports were released, condemning the spread of untruthful and biased reporting.

What did the restaurant say?

A restaurant representative expressed their disappointment in the decision in a statement provided to Fox News.

“The press release issued by Council Member Treviño was the first we heard of his motion and its approval by the San Antonio City Council,” the spokesperson said. “We agree with him that everyone is and should feel welcome at Chick-fil-A. We have a fundamental code of conduct at Chick-fil-A: Do unto others as you would have them do unto you.”

The statement explained that the restaurant embraces all people from all walks of life.

“The 140,000 people who serve customers in our restaurants on a daily basis represent and embrace all people, regardless of race, gender, ethnicity, sexual orientation or gender identity,” the statement noted. “Our intent is to have a positive influence on all who come in contact with Chick-fil-A.”

The restaurant concluded its statement by extending a diplomatic offer to the city council.

“We would still welcome the opportunity to have a thoughtful dialogue with the city council and plan to reach out to them. It’s unfortunate that mischaracterizations of our brand have led to decisions like this,” the statement concluded. “The sole focus of the Chick-fil-A Foundation is to support causes focused on youth and education. We are proud of the positive impact we are making in communities across America and have been transparent about our giving on our website.”

Read More

What are leveraged loans, what are CLOs and should you be worried? – INSIDER

  • Leveraged loans make up an approximately $1.6 trillion market, and a variety of financial experts have raised concerns about the booming industry.
  • These loans are typically packaged into complex credit instruments that are then purchased by pension funds and mutual funds, among others.
  • The market has been criticized for the weak protections afforded to investors, with some fears that it could lead to major issues in the event of an economic downturn or recession.

Leveraged loans have caught a lot of heat in recent months.

These are, in simple terms, loans to riskier companies that have amassed a large amount of debt relative to their earnings. And the market for these loans has boomed.

Amid an extended period of low interest rates, 2017 saw a record amount of leveraged-loan issuance, and 2018 followed close behind, with over $700 billion in total issuance. The total of outstanding loans is estimated to be between $1.4 trillion and $1.6 trillion.

A vast swathe of companies, including SpaceX, Uber, and Tesla, have taken advantage of beneficial lending conditions of late to pile up large amounts of debt that often come with loose legal requirements — known as covenant-lite — providing lenders with limited protections.

And as the market has grown, the warnings have gotten louder. The Federal Reserve and the Bank of England have both expressed concern about the market, while the Financial Stability Board said it would investigate the growing industry.

“The deterioration in underwriting standards for leveraged loans is increasingly worrisome,” Ron Temple, a cohead of multiasset and the head of US equity at Lazard Asset Management, previously told Business Insider in an email.

The combination of increasing leverage and decreasing covenant protection “should be a warning sign to investors,” he said. “As we assess the global credit landscape, this segment appears susceptible to disruption in the event of a downturn.”

CLO, the next scary acronym?

These leveraged loans are often bundled up together with other similar loans and sold in the form of collateralized loan obligations, or CLO.

As the Bank of England’s Financial Policy Committee has said: “Leveraged loans are typically sold to non-bank investors (including to collateralised loan obligation funds), whose ability to sustain losses without materially impacting financing conditions is uncertain.”

A recent opinion column in The New York Times by William D. Cohan, a former banker, likened the repackaging of these loans to the debt instruments that helped trigger the financial crisis of 2008:

“A decade ago, the high-yield investment du jour pushed by Wall Street was mortgage-backed securities— home mortgages that had been packaged up and sold as ‘safe’ investments all over the world. Nowadays bankers and traders are pushing another form of supposedly ‘safe’ investment, the ‘collateralized loan obligation,’ or C.L.O.

Specifically, the concern is that:

  • Some companies that have taken on leveraged loans will not be able to manage the huge debt pile they’ve amassed, and corporate bankruptcies will begin to rise in a downturn, Cohan said.
  • At the end of 2018, 85% of leveraged loans were covenant-lite, in that they lacked traditional requirements for companies to maintain certain financial benchmarks that protect the investors who pay for them, Business Insider’s Jim Edwards reported, citing the Leveraged Data & Commentary unit of S&P Global Market Intelligence.
  • If corporate bankruptcies rise, then weaker lender protections that go with covenant-lite deals will see the ultimate owners of the debt struggle to recover their investments, hurting returns.
  • Fed Chairman Jerome Powell has said he expects that investors in CLOs are likely to bear the brunt of corporate bankruptcies, Cohan said, while JPMorgan Chase CEO Jamie Dimon has said Wall Street banks aren’t that exposed to the market.
  • “For now, my view is that such losses are unlikely to pose a threat to the safety and soundness of the institutions at the core of the system, and instead, are likely to fall on investors,” Powell said late last year, according to Bloomberg.
  • Business Insider’s Dakin Campbell described Dimon as saying that the largest banks “tend to invest in the safest part of the market, a category that accounts for about half of all outstanding leveraged loans.”
  • So who are the investors in CLOs? Think hedge funds, mutual funds, and pension funds, Cohan said — “in other words, you and me.”

The market could continue to grow

The leveraged-loan market is only a major issue in the event of companies running into economic difficulties. And the market could continue to grow for some time. Views about a US recession vary, but generally signals point to a downturn by 2020.

The other issue to consider is the broader economic context for the rise of leveraged loans. The limited appeal of US Treasuries and other government bonds has led to investors seeking better returns from other parts of the market. This seems unlikely to change, given the Fed’s decision on Wednesday to not increase interest rates, indicating it would keep them static for the rest of 2019.

Recent figures indicate the leveraged-loan market was heating up in February, with issuance standing at $61.2 billion, up 50% from January but down from February 2018, according to data from Reuters LPC cited by ABL Advisor. CLO issuance in the US stood at $13 billion in February, according to data from LCD.

Read More

U.S. manufacturing PMI slides to 21-month low in March – MarketWatch

Getty Images

The assembly line at the General Motors Flint Assembly Plant

The numbers: The IHS Markit flash purchasing managers index for manufacturing in March fell to a 21-month low, while the services PMI weakened to a two-month low.

The flash manufacturing PMI fell to 52.5 from 53 in February, while the services PMI fell to 54.8 from 56.

Any reading above 50 indicates improving conditions. The “flash” reading is based on approximately 85% of the final number of replies received each month.

What happened: New work rose at the weakest pace since April 2017, the report said, due to cautious spending patterns among clients and less upbeat business sentiment. The latest data pointed to the weakest increase in payroll numbers since June 2017, the report said.

Overseas readings were worse. The flash eurozone manufacturing PMI fell to a 71-month low of 47.6 in March, with Germany’s skidding to 44.7, a 79-month low for Europe’s largest economy.

The big picture: With bond yields

TMUBMUSD10Y, -4.14%

 falling and the yield curve inverting, concerns about the U.S. and global economy are at the forefront of trader thinking, with the Federal Reserve responding this week cutting back its forecast of interest-rate hikes.

What they’re saying: “A gap has opened up between the manufacturing and service sectors, however, with goods-producers and exporters struggling amid a deteriorating external environment and concerns regarding the impact of trade wars. The survey is consistent with the official measure of manufacturing production falling at an increased rate in March and hence acting as a drag on the economy in the first quarter” — Chris Williamson, chief business economist at IHS Markit.

Market reaction: The Dow Jones Industrial Average

DJIA, -1.50%

 tumbled nearly 200 points in early action.

Also read: The Fed won’t kill the economic expansion, top forecaster says

Read More