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NBA in Motion: Top Stories, Sports and Business News — July 30

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From the NBA gearing up to play tonight, to an update on the coronavirus, here are the top stories in sports and business on Thursday, July 30.

NBA Returns

After a four month hiatus, the NBA returns to the hardwood on Thursday night for its first set of games from the NBA bubble. Two of the best teams in the Western Conference, the Lakers and Clippers, alongside their superstars Kawhi Leonard and LeBron James, will play against one another in a primetime match-up.

Plus fans can watch the Utah Jazz tip-off against the New Orleans Pelicans. There are a dozen more teams in action on Friday and a full slate of action over the weekend.

Coronavirus Update

There are 17 million cases of the virus worldwide, with over 668,000 deaths. The U.S. has 4.4 million cases with over 151,000 deaths. According to the COVID-19 Tracking Project, there were 66,000 new cases reported yesterday. This is the highest daily new case count since Sunday, which had 61,000 new cases. 839,000 new tests were done Wednesday. And 1,400 deaths were reported yesterday.

California, North Carolina, and Idaho set one-day records for death tolls. California reported 197 COVID-19 deaths on Wednesday, Florida reported 216 deaths and North Carolina reported 45 deaths.

Herman Cain, the former CEO of Godfather's pizza and former GOP candidate, died from the coronavirus.

We got a look at the U.S. economy in the second quarter and it’s grim. The U.S. economy posted its worst drop on record. It contracted at a 32.9% annual rate from April to June according to the Bureau of Economic Analysis. And the number of Americans filing for first-time unemployment benefits in the week ended July 24 rose to 1.434 million, higher than economists' estimates. The U.S. Labor Department reported that 1.434 million Americans filed for first-time jobless benefits in the week ended July 24, Analysts polled by FactSet had been expecting 1.4 million first-time jobless benefit applications. Continuing claims came in at 17.018 million, breaking a two-month downtrend.

Las Vegas Sands Keeps Employees on the Payroll

Casinos in Las Vegas have seen massive drops in revenue due to the pandemic. Even though casinos reopened in early June, Nevada’s top tourism attraction has been slow to return to normalcy. While most of the state’s casinos laid off or furloughed employees due to loss of revenue, the Las Vegas Sands is the only major casino in Nevada to keep all employees on its payroll.

According to the Las Vegas Review Journal, Las Vegas Sands CEO Sheldon Adelson sent a memo to all employees saying the hotel and casino chain will continue to keep all employees on payroll and maintain benefits through October 31.

According to the COVID-19 Tracking Project, Nevada has 45,806 cases, with 1,110 hospitalizations. On Wednesday, 870 new cases were reported. 21 new deaths were reported on Wednesday. 

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