Executive Leadership Briefing

Delta allows free flight changes over holiday weekend - June 29, 2022


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Another string of primaries in seven states gave insight into the current U.S. political landscape Tuesday as House members from both parties fell in their primary challenges. Republican voters in Illinois nominated conservative hardliner Darren Bailey to challenge Gov. J.B. Pritzker (D-Ill.) in the fall. New York Gov. Kathy Hochul secured the Democratic nomination for governor in a key step toward becoming the state’s first woman to be elected governor. While controversial Rep. Lauren Boebert (R-Colo.) easily won her district, other districts in the state rejected election-denying candidates in favor of more moderate Republicans. Oklahoma’s State Superintendent Joy Hofmeister will face off against Republican Gov. Kevin Stitt after Hofmeister switched party affiliation last fall to take on the incumbent governor.
A new Commerce Department report confirmed a larger contraction of the U.S. economy in the first quarter than earlier readings, suggesting a recession is either in progress or on the way. The European and U.S. economies slowed sharply in June as surging food and gas prices weakened demand for other goods and services, pointing to the increasing risk of recessions around the world. The SandP 500 is down nearly 18% this year, marking the worst first half of the year since the 1970s. A recent survey found consumer confidence has hit its lowest point in a decade due to ongoing inflation concerns.
European Union countries agreed to back stricter climate rules that would eliminate carbon emissions from new cars by 2035, paving the way for final negotiations with the European Parliament. The UN Ocean Conference is set to issue a declaration to protect oceans against exploitation and restore ocean health after President Joe Biden signed a memorandum to crack down on unregulated fishing. The decisions come as another heat wave hits Europe with record temperatures for June. A recent poll found European citizens greatly underestimate the extent scientists agree on climate change. Respondents believed 68% of scientists agreed that man-made climate change is real, when the figure is near 100% in reality.
French President Emmanuel Macron denounced Russia’s airstrike on a crowded Ukrainian shopping center as a war crime, saying Russia “cannot and should not win” the war. Russia continued airstrikes after Monday’s attack as Western allies vowed to maintain Ukrainian support. Biden announced plans to boost U.S. forces in Europe as Russia presents a persistent threat to NATO. The White House added five Chinese companies, as well as 31 other entities, to a trade blacklist for supplying Russia’s military before and during the conflict.
Delta Airlines announced it will allow customers to switch flights between July 1-4 for free as the carrier expects some challenges over the holiday weekend. Recent flight delays and cancellations have pushed travelers to their limits of patience as pandemic-era problems persist in the national air system. Travel by car is expected to be high despite elevated fuel prices with over 42 million drivers predicted to hit the road over the weekend.
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Executive Leadership BriefingBy Turbine Labs