Stories Shaping Sports and Business: May 18th
NASCAR Back on the Track
NASCAR returned to the raceway for the first time since March 8th with the Real Heroes 400 race at Darlington Raceway in South Carolina.
Kevin Harvick took the checkered flag. It was his 50th career NASCAR Cup Series victory.
There were no fans in the stadium and Harvick wore a mask on the podium but according to NASCAR chief racing officer Steve O’Donnell "things actually went smoother than we could have expected."
There are two more races scheduled for this week with the Toyota 500 on Wednesday and Coca-Cola 600 scheduled for Sunday from Charlotte Motor Speedway.
The Last Dance for "The Last Dance"
The final episode of ESPN’s 10 part documentary series The Last Dance which featured never before seen footage and interviews with Michael Jordan and his Chicago Bulls teammates aired Sunday Night. The wildly popular show dominated TV ratings for the last five Sunday nights, as ESPN aired two new episodes which started on April 19th. The documentary’s first episode had 6.1 million viewers. The audience dropped off a bit during the live broadcast with episodes 7 and 8 netting around 5.1 million viewers. According to ESPN, the average number of viewers was 5.6 million.
There are over 4.7 million cases worldwide, and over 316,000 deaths. 1.4 million of those cases are in the United States, and nearly 90,000 deaths. New York has 351,000 cases and 22,000 deaths. There are 290,000 cases in Russia, and Johns Hopkins reports that there are 2,700 deaths in Russia.
Federal Reserve chair Jerome Powell sat down with CBS News' "60 Minutes” in an interview with Scott Pelley on Sunday night.
Powell said the United States can expect a gradual and likely bumpy recovery as lockdowns are lifted during the coronavirus pandemic, adding a full-blown sequel to the Great Depression isn't likely. Powell did caution: "I think, though, it'll be a while before we really feel well recovered."
The Fed chief said the recovery process could run through to the end of 2021 and added that the only path to a sure recovery will be a vaccine.
"The big thing we have to avoid is a second wave of the virus. For the economy to fully recover people will have to be fully confident, and that may have to await the arrival of a vaccine,” he said.
TheStreet's Katherine Ross contributed to this report.