Greggs, Cineworld Reopening Plans Give Some Relief to Shares

(Bloomberg) — Britons will soon be able to purchase hot Greggs Plc sausage rolls and go to movie theaters again, boosting shares of the bakery chain and cinema operator Cineworld Group Plc.

Greggs will reopen around 800 shops to takeaway customers on Thursday, while Cineworld plans to lift the shutters on cinemas across some territories during the last week of June, with all theaters set to be open over the course of July. Both companies are implementing social distancing and other measures to counter the spread of coronavirus as part of their plans.

Greggs shares rose as much as 5.5% on Tuesday, the biggest advancer in the FTSE 350 Food & Drug Retailers Index, while Cineworld climbed as much as 11%, outpacing Europe’s Stoxx 600 Travel & Leisure Index. Even after Tuesday’s gains, the stocks are still down 25% and 62%, respectively, in the year to date.

The bakery chain

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These Tourist Attractions Could Be COVID-19 Trouble

Denise Truscello/Getty
Denise Truscello/Getty

On Thursday afternoon, 53-year-old Lynn Rocha walked into a casino on the Las Vegas Strip and sat down at a slot machine.

People were raucously drinking and smoking around her, without face masks—seemingly unaware or unconcerned about the coronavirus pandemic—Rocha told The Daily Beast on Monday.

Rocha said her husband works the graveyard shift at a casino, and she wanted to go for a walk to see how different establishments on the Strip handled the city’s signature industry reopening after an historic 78-day COVID-19 shutdown.

“It was rather scary to see that people were not following the guidelines,” said Rocha, who said the woman at a slot machine next to her was “cursing at the machine, drinking, smoking, and sweating” without a face mask. “She was angry and kept wiping her face,” Rocha added. After the woman got up, “I looked around to see if any employee

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In Line for Another $1,200 Coronavirus Check? Trump Administration Will ‘Seriously Look’ at Proposal

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Treasury Secretary Steven Mnuchin this week hinted that the Trump administration would be willing to send out another round of stimulus checks to Americans.

During a Senate hearing regarding Washington’s next coronavirus aid package, Mnuchin said: “I think we’re going to seriously look at whether we want to do more direct money to stimulate the economy. But I think this is all going to be about getting people back to work, and we look forward to working with the entire Senate on this.”

Meantime, Senate Majority Leader Mitch McConnell said Congress may decide in the next few weeks if it will take up another round.

Some analysts have forecast that the relief measure will be on the way by late July.

Last month, the Democratic-run House passed a $3 trillion coronavirus relief bill—which essentially represents an opening offer in discussions with the Trump

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Mnuchin: More Stimulus ‘Definitely’ Needed

Treasury Secretary Steven Mnuchin said Wednesday that the U.S. economy has begun to rebound from coronavirus closures and will “improve dramatically” over the second half of the year, but that more fiscal support will be needed, especially for hard-hit sectors.

“I definitely think we are going to need another bipartisan legislation to put more money into the economy,” Mnuchin said at a hearing of the Senate Small Business and Entrepreneurship Committee. He later added: “We absolutely believe small business — and, by the way, many big businesses in certain industries — are absolutely going to need more help.”

Mnuchin said that the administration does not want to rush that legislation but plans to spend the next 30 days considering what should go into the next package and would “seriously look” at whether more direct stimulus payments should be included. “Whatever we do going forward needs to be much more targeted

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