All Four Officers Involved In George Floyd’s Death Have Been Charged. What Happens Next? | MSNBC

Former Minneapolis police officers Tou Thou, Thomas Lane and J. Alexander Kueng were charged with being accessories to murder in the killing of George Floyd. Derek Chauvin, originally charged with third-degree murder, now faces second-degree murder charges. Here’s a look at what these charges mean, and what happens next in the fight against police brutality. Aired on 6/3/2020.
» Subscribe to MSNBC:

MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.

Connect with MSNBC Online
Visit msnbc.com:
Subscribe to MSNBC Newsletter:
Find MSNBC on Facebook:
Follow MSNBC on Twitter:
Follow MSNBC on Instagram:

All Four Officers Involved In George Floyd’s Death Have Been Charged. What Happens Next? | MSNBC

Read more

What Happens To Frequent Flyer Miles If An Airline Goes Bankrupt?

With U.S. passenger traffic down by 90%, airlines are desperate to fill seats and are offering big incentives to keep their most reliable customers loyal. But what happens to frequent flyer miles when almost no one is flying and can an airline loyalty program survive if an airline goes bankrupt?

For the cash-strapped traveler who dreams of sipping champagne in first class, a frequent flyer program is a must-have.

Airline loyalty programs offer passengers free flights, seat upgrades and access to elite business class lounges.  

They are also a massive revenue generator for U.S. airlines.

“It’s big money for these airlines, bigger even for a lot of airlines than all those baggage fees,” said Seth Kaplan, aviation analyst and principal with Kaplan Research. 

But this year, U.S. airline passenger travel tanked when the coronavirus pandemic shut down businesses and states enacted stay-at-home orders. Passenger traffic is down by 90% and more than half of U.S. passenger planes are parked.

“The challenge in the business right now is demand,” said Delta Air Lines CEO Ed Bastian. “With all the stay-at-home orders and the challenges with respect to travel, it’s well documented we’re operating right now at less than 5% of a normal passenger load.” 

Frequent flyer programs are a lifeline for the nation’s air carriers. 

Airlines make money by selling billions of dollars worth of miles to hotels, car rental agencies and especially to their credit card partners.

Delta has a co-branded credit card with American Express. United Airlines has a 30-year credit card relationship with Chase Card Services. And American Airlines is partnered with Citi and Barclaycard. 

American also makes money off some rewards cards that aren’t branded, such as the popular Chase Sapphire Reserve card. Here’s how that works: The bank purchases miles from the airline and then issues those miles to the cardholder as a reward for spending.

While the terms of such agreements are generally not made public, Delta said it took in $4.1 billion from American Express in 2019, and the airline expects to increase that to $7 billion by 2023. 

In a February filing, United said it had agreed to a contract extension with Chase to 2029 that would increase cash flow in 2020 by $400 million. 

With U.S. passenger traffic down, airlines are offering big incentives to keep their most reliable customers loyal.

In April, Delta announced its SkyMiles Medallion members will be able to keep their current status through the end of 2021 and qualifying miles from 2020 would be rolled over to 2021. Medallion status is reserved for Delta SkyMiles’ most elite flyers and is earned through a combination of flying and spending.  

The carrier is also expanding other benefits, including the extension of travel vouchers and flight credits to SkyMiles members and Delta cardholders. The SkyMiles program has more than 92 million members worldwide.

United offered similar incentives for members of its MileagePlus program. The program’s top flyers who have attained Premier status will have their benefits extended through Jan. 31, 2022.  

American AAdvantage members who have achieved the program’s Elite status level will see reductions in status qualifications for 2020 and extended airport lounge membership for an additional six months. 

But with would-be passengers sheltering in place and fearful airplanes could be a breeding ground for Covid-19 infections, many are choosing to postpone travel. The situation begs the obvious question — do airline miles expire and will all these perks still be around when people choose to get back on planes?

United, JetBlue and Delta said the miles on their frequent flyer programs never expire. American said its miles expire after 18 months from the date of your most recent activity.  

“Your frequent flyer miles are safe during the pandemic,”  said Henry Harteveldt, travel industry analyst at Atmosphere Research Group. “Nothing’s going to happen to them.”

That is, of course, if an air carrier stays in business. Watch this video to find out more about what happens to frequent flyer miles if an airline files for bankruptcy.

» Subscribe to CNBC:
» Subscribe to CNBC TV:
» Subscribe to CNBC Classic:

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:

#CNBC

What Happens To Frequent Flyer Miles If An Airline Goes Bankrupt?

Read more

What new flexibility measures mean for Paycheck Protection Program

The House voted to pass a pill that would fix a number of issues in the Paycheck Protection Program. CNBC’s Kate Rogers reports.

For access to live and exclusive video from CNBC subscribe to CNBC PRO:

» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Subscribe to CNBC Classic:

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:

#CNBC
#CNBC TV

Read more

What Does The Future Of Work Look Like In A Post-COVID-19 World? | NBC News NOW

As major companies begin to shift to a permanent remote workforce, small businesses are feeling pressure to adapt. NBC News’ Jacob Ward takes a look at the potential for the future of the workplace.
» Subscribe to NBC News:
» Watch more NBC video:

NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.

Connect with NBC News Online!
NBC News App:
Breaking News Alerts:
Visit NBCNews.Com:
Find NBC News on Facebook:
Follow NBC News on Twitter:
Follow NBC News on Instagram:

What Does The Future Of Work Look Like In A Post-COVID-19 World? | NBC News NOW

Read more

States can learn from health-care sector’s strategies when reopening, physician says

As 45 states have begun reopening, questions remain about how to do so safely. Dr. Atul Gawande, staff writer for the New Yorker and surgeon at Brigham and Women’s Hospital, says that states and governments can learn from hospitals where health-care workers have been reporting for business since the beginning of this crisis. He joins “Squawk Box” to discuss.

Read more

Don’t expect consumer rush to shop and eat when lockdowns end: Expert

Niall Ferguson, Stanford University’s Hoover Institution fellow and Greenmantle managing director, joins ‘Power Lunch’ to discuss the fate of small and big businesses.

Read more