Here's what we are reading this morning:
Retail Sales Rebound in May, but the Future Looks Dim - The New York Times
J.Jill, Inc. Provides Business Update, Announces Forbearance Agreement with Lenders
Francesca's floats possibility of bankruptcy | Retail Dive
Briggs & Stratton Corporation "has chosen not to make an interest payment of $6.7 million due on June 15, 2020 with respect to the Company’s outstanding 6.875% Senior Notes due 2020"
PG&E to Exit Bankruptcy After Wildfires, Still Saddled With Debt - WSJ
Hilton lays off 22% of its corporate staff - CNN
As New York Reopens, Many of Its Hotel Rooms Look Closed for Good - WSJ
Tilman Fertitta, Landry’s CEO and chairman, joins ‘Power Lunch’ to discuss how his restaurants and casinos are recovering from coronavirus-related closures.
Fed officials' GDP forecasts not likely factoring second COVID wave: Powell - Reuters