Musk's pay package lays out a plan that could eventually give him 20.3 million stock options over the course of 10 years. At Tesla's current stock price of $1,397, Musk would theoretically be able to sell the shares related to the tranche that vested in May and the upcoming tranche for a combined profit of over $3.5 billion, or $1.8 billion per tranche, the news service reported.
Analysts in a Reuters poll had predicted a gain of 700,000 jobs and an unemployment rate of 12%. "The rate stood at 5.0 per cent at the start of the pandemic in February", said James on Friday morning. One of the unknowns that could impact the 13-per-cent unemployment rate is the take-up of post-secondary education in the fall and into 2021, said Finlayson.
Morneau said while some will criticize the government on the cost of these measures, the size of the deficit is more of a testament of the impact the pandemic had on the economy. For this calendar year, the government expects the unemployment rate to hit 9.8 per cent, dropping to 7.8 per cent next year based on forecasts by 13 private-sector economists.
The S&P 500 was virtually flat after flipping between small gains and losses in the first 30 minutes of trading. Quarterly earnings for S&P 500 companies are expected to decline almost 44% year-on-year, the steepest drop since the 2008 financial crisis, according to IBES data from Refinitiv.
In Sydney, authorities are working to track down 48 passengers who were allowed to disembark a flight from Melbourne overnight without being checked for Covid-19 symptoms. Victoria Police will maintain roadblocks between metropolitan Melbourne and regional Victoria. The lockdown affects nearly 5 million people, according to the Melbourne Herald Sun .
Facebook executives do not want to appear to be bowing to financial pressure. "They have the technology to prevent racial hate speech ". Advertising accounted for more than 98% of the company's almost $70 billion in revenue previous year.