U.S. spending, virus cases after reopenings cloud outlook Plummeting U.S. consumer spending and rising coronavirus cases in some areas that are reopening businesses are highlighting the rough road ahead for a hoped-for economic rebound during the coronavirus pandemicUnion flags and poster opposing the closure and job cuts are pictured outside the Renault plant Friday, May 29, 2020 in Choisy-le-Roi, outside Paris. Struggling French carmaker Renault announced 15,000 job cuts worldwide as part of a 2 billion euros cost-cutting plan over three years. The depth of the spending drop is particularly damaging because consumer spending is the primary driver of the economy. Arkansas over the past week has seen a steady rise in its active coronavirus cases, following moves by Gov. Lassen County had no reported coronavirus cases until May 22, when state data showed it was one of only two California counties with zero cases.

Source: ABC News May 29, 2020 06:56 UTC