Marketplace Morning Report

Employees are crowdsourcing donations to social justice groups, which their employers matching. Plus, a roller-coaster week on Wall Street, a new number on consumer sentiment and spikes in new COVID-19 cases. And, household debt increased in the first quarter.

The stock market had its biggest drop since March. A big part of the Republican National Convention is moving from Charlotte, North Carolina, to Jacksonville, Florida. Calls to change the measure that lets police departments get surplus military hardware and supplies.

From the BBC World Service: The U.K.’s economy shrank by 20.4% in April, the sharpest contraction since records began. Asian and European stocks follow Wall Street down on fears of a second wave of the coronavirus. And, Sony has revealed its new Playstation 5.

After IBM said it will no longer sell or research facial recognition software, Amazon announces amoratorium on police use of its technology. Grubhub’s acquisition by Just Eat Takeaway. The stock market tumbles again, given a reality check by Federal Reserve policymakers.

America’s top economic policymakers at the Federal Reserve think the COVID-19 economy will linger on. How the U.S. shelters homeless people during a pandemic. And, how Starbucks has been hit the decline in commuting.

From the BBC World Service: Why Europe’s Just Eat Takeaway acquired Grubhub and what it means for Uber Eats, who’d previously been trying to secure a deal. Trade tensions rise between China and Australia. Spain’s top soccer league La Liga returns tonight, providing a financial sigh of relief for its clubs.

Congress and the president are deciding whether to extend the extra $600 a week in unemployment benefits. Should government support for the economy continue? The number of deferred credit card payments appears to be dropping. How community participation can guide law enforcement.

The Organization for Economic Cooperation and Development predicts a deep recession around the world. But for how long? Adidas pledges to hire more Black employees. And, how COVID-19 might lead to more “youth disconnection” in the U.S.

From the BBC World Service: NATO’s Secretary General Jens Stoltenberg has told the BBC he welcomes a U.K. review of the Chinese tech firm Huawei. Also, how reformed community policing could look around the world, and how to fund it, and HBO Max pulls “Gone with the Wind” from its platform.

How we feel is now certified by the experts — the National Bureau of Economic Research says the U.S. in a recession. But smaller businesses are more optimistic than they were a month ago.  And, how the NFL is responding to protests for justice around the country.