Wearing masks is now the most important thing for the economy, Fed’s Kaplan says


Amid historically aggressive policy moves from the U.S. central bank and Congress, Dallas Federal Reserve President Robert Kaplan said the most important thing for the economy now is wearing protective face coverings.

Masks in public, Kaplan said, are key to stopping the coronavirus spread, which is increasing in record numbers and threatening to roll back the progress made since the U.S. went into lockdown in mid-March.

“The main message I’d have today about the economy from here and how to grow it probably has to do with managing this virus,” he told Fox Business’s Maria Bartiromo in an interview Friday

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United Airlines, Amazon, Nvidia, Wells Fargo & more


Traders work on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, February 25, 2020.

Lucas Jackson | Reuters

Check out the companies making headlines before the bell Friday:

United Airlines (UAL) — The airline reached a deal with a pilot union representing about 13,000 pilots regarding early retirements and voluntary furloughs as the industry faces massive headwinds from the coronavirus pandemic.  United shares traded more than 2% lower in the premarket.

Foot Locker (FL) — An analyst at Susquehanna upgraded Foot Locker to positive from

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Tencent in exclusive talks to buy Hong Kong gaming firm Leyou


A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China.

Qilai Shen | Bloomberg | Getty Images

Chinese tech giant Tencent is in exclusive talks to acquire Leyou Technologies, the Hong Kong-listed games developer announced on Friday.

Leyou has a number of subsidiaries which make video games. It is most well-known for “Warframe,” a title created by subsidiary Digital Extremes.

It has also announced plans to bring out a game based around “The Lord of the Rings” franchise and is co-developing the upcoming title with Amazon’s gaming division.

Leyou and its controlling shareholder, Charles Yuk, have entered into an exclusivity

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Virgin Galactic, Redfin, Carnival and more


A Redfin Corp. ‘For Sale’ sign stands outside of a home in Seattle, Washington.

David Ryder | Bloomberg | Getty Images

Check out the companies making headlines after the bell

Marathon Oil — The oil company’s stock climbed 1% in extended trading after falling 7.05% earlier Thursday. Oil dropped 3% during the day amid concerns over rising coronavirus case counts.

Redfin — Shares of the real estate brokerage fell 2% after the closing bell. The company’s stock hit an all-time high earlier in the week as real estate recovers from pandemic-forced lockdowns across the country. The pandemic is causing

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