Top Trump campaign official and girlfriend of Donald Trump Jr. Kimberly Guilfoyle has tested positive for coronavirus. Guilfoyle tested positive in South Dakota before she was set to attend President Donald Trump's event at Mount Rushmore. CNN reports Guilfoyle was not with the President and Donald Trump Jr. has so far tested negative. Guilfoyle has not met with President Trump recently, but she was backstage for his rally in Tulsa, and was also at his event in Phoenix.
On Saturday, Eric Trump appeared on Fox News and said that the CoronaVirus pandemic was a hoax. Eric claimed that the coronavirus will "magically all of a sudden go away and disappear" after the presidential election on November 3. Eric's brother, Donald Jr., also said that the coronavirus was invented by the Democrats to cancel his father's campaign rallies. Business Insider reports that CoronaVirus has killed more than 80,000 Americans.
Former Secretary of Defense Jim Mattis previously kept quiet about what he thought of President Donald Trump. Now, Mattis has let fly in a blistering statement about Trump's handling nationwide unrest over the death of George Floyd, who died at the hands of the police. Business Insider reports Mattis's editorial in The Atlantic accuses Trump of trying to divide the country.
President Donald Trump has called for federal troops to crack down on what he has called "hoodlums," "thieves" and "thugs" responsible for violence during protests, blaming state governors or local officials for failing to intervene. This report produced by Chris Dignam.
President Donald Trump said "99%" of coronavirus cases in the US are "totally harmless." Dr. Anthony Fauci is the nation's top infectious-disease expert. Fauci said Trump's claim is "false." "I'm trying to figure out where the president got that number," Fauci said in a Financial Times interview published Friday. Business Insider reports that there is overwhelming evidence of COVID-19's effects contradicts Trump's statement.
Business Insider reports that Walgreens has halted its share buyback program. The pharmacy chain revealed it plans to cut 4,000 jobs after reporting worse-than-expected third-quarter figures. The drugstore giant lost $1.95 per share over the period. Thats $1.71 billion overall. The company's Boots UK division saw same-store sales nosedive 48% over the period. The reason? Walgreens says quarantine orders "compelled consumers to consolidate shopping into grocers.
Netflix is on the verge of reporting a blockbuster second quarter earnings report, according to Goldman Sachs. Business Insider reports that Goldman Sachs is basing their judgement on strong app download trends On Friday, Goldman raised its Netflix price target to $670, representing upside potential of 32% from Thursday's close. The firm said COVID-19 continues to accelerate the trend towards video streaming services. Goldman Sachs said Netflix is a prime beneficiary of that trend.
Business Insider reports that Chelsea Clinton is forming her own venture capital firm. The firm will be called Metrodora Ventures. It was registered in April and has its own Twitter account. Clinton hasn't decided whether to commit to the firm full-time, Axios reports. On Twitter, Metrodora Ventures describes itself as "a values conscious venture capital firm focused on health and learning businesses.
Business Insider reports that Walmart is set to launch Walmart+ by the end of this month. The subscription will cost $98 a year. It will offer members free same-day delivery from Walmart stores. Members will also get delivery perks, discounts at Walmart gas stations, early access to promotions, and self-checkout tools. The retailer will also introduce a Walmart+ branded credit card and possibly video entertainment.