"In one of the largest economic development projects in Austin's history, electric automaker Tesla says it will build a $1.1 billion assembly plant in Travis County that will employ 5,000 people...Tesla officials previously have said they intend to break ground on the factory by the third quarter of this year, although CEO Elon Musk said Wednesday that initial work at the site actually began last weekend."
Gov. Greg Abbott halts elective surgeries in big metros, pauses further reopenings as Texas’ coronavirus cases spike
"Gov. Greg Abbott, a day after a key coronavirus metric he’s been watching hit “red flag” territory, again has moved to conserve hospital beds by halting elective surgeries. He also announced Thursday that he’s pausing any further reopening of businesses and other public activities until Texas can “corral” a recent surge in COVID-19 infections...Unlike the March order, though, the one he issued on Thursday didn’t apply statewide, just to Dallas, Harris, Travis and Bexar counties."
"Gov. Greg Abbott announced Wednesday that nearly all businesses may increase their capacity to 50% amid the novel coronavirus’ outbreak, with even larger crowds allowed by the end of the month...Amusement parks and carnivals may also reopen at limited capacity in counties with less than 1,000 confirmed COVID-19 cases, and starting June 19 may also operate at 50% capacity in the remaining counties that have more cases."
"Gov. Greg Abbott said Monday that he will let the state's stay-at-home order expire Thursday as scheduled and allow businesses to begin reopening in phases the next day, the latest ramp-up in his push to restart the Texas economy amid the coronavirus pandemic."
"The Senate, voting unanimously just before midnight Wednesday evening, passed the economic aid package...[A] section of the bill allows a multifamily borrower with a federally backed multifamily mortgage who is experiencing financial hardship due to the COVID-19 emergency...to request a forbearance - a temporary reprieve on payments - for 30 days. Borrowers can also request two 30-day extensions."
"U.S. stocks skyrocketed on Monday, with the Dow setting a single-day point record in a broad-based rebound, after mounting coronavirus fears sent global markets into a week-long swoon...Last week, the rapid spread of coronavirus across countries outside of China rocked global markets, sending all three of the major indices into a correction in a matter of day, and pushing safe-haven bond yields to record lows."
"It appears that Amazon (NASDAQ: AMZN) might be opening yet another fulfillment center in Dallas-Fort Worth, according to multiple reports. Recent plans submitted to the Texas Department of Licensing and Regulation describe an unnamed tenant that would be taking a 1 million-square-foot warehouse in Irving near DFW International Airport...According to a report by the Dallas Morning News, some local real estate brokers have said that Amazon is looking at the property along with a similarly sized building in Fort Worth."
"Dallas and Houston's economic stability are projected to be somewhat of an anomaly in the U.S. over the next several years, even as much of the world's economic growth slows, according to research firm Oxford Economics."
"Charles Schwab is moving its corporate headquarters to Westlake, Texas, after the brokerage firm merges its business operations with TD Ameritrade. San Francisco-based Charles Schwab announced on Monday an agreement to buy TD Ameritrade in an all-stock transaction valued at $26B."
"From the arrival of the In-N-Out burger chain to the open-air retail shopping mall concept and breezy environmentally sound high-end homes, Dallas-Fort Worth for a long time has mirrored the commercial and residential trends of Southern California. Now, a report from CommercialCafé is putting numbers behind everyone’s suspicion that Californians themselves are flocking to the Metroplex."