Bells ring again on the NYSE and traders buy shares of Crocs

Bells ring again on the NYSE and traders buy shares of Crocs

SeattlePI.com

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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus.

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GREEN SHOOTS: States are in varying degrees of reopening, and so are businesses.

— The New York Stock Exchange reopened the trading floor Tuesday, though with plexiglass shields and far fewer traders.

— Steelcase has called back most employees from furlough. All of the company's manufacturing and distribution locations are open. Many office and showroom locations are also beginning to reopen, although some remain restricted under stay-at-home orders. Steelcase's backlog of customer orders was approximately $700 million as of May 1. The company expects to manufacture and ship most of its current backlog by the end of July.

— Restaurants and cafes reopened in Sakhalin in the Russian Far East as the region moved to ease restrictions in place since April 1. According to local officials Tuesday, restaurants must keep capacity below 50 people and place tables 1.5 meters away from one another with only two seats. Buffets and big parties are not allowed. Malls and shops reopened in the region last week.

TRAVEL & LEISURE: When markets opened, some of the biggest gainers were airlines, hotels, restaurants and cruise lines. People are betting on the return to more normal rates of travel and a resumption of all things leisure.

— The Czech Republic, Hungary and Slovakia are set to start reopening their borders for their citizens to travel.

The Czech Republic and Slovakia announced a deal for their citizens to travel across their common border and not to face a mandatory quarantine and tests for the coronavirus if they return in...

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