Corporate Sponsors Face Scrutiny: Top Sports, Business News

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Here's what's driving sports and business news on July 2.

Detroit Tigers Partner With a Sportsbook

The Detriot Tigers have become the first Major League Baseball team to announce a sponsorship with a sportsbook. 

The Tigers' partnership with Pointsbet will allow the sportsbook to have signage displayed at Comerica Park, they will be featured on the Detriot Tigers media network, and will be integrated into the District Detriot app, Pointsbet is an authorized gaming operator for Major League Baseball, which allows them to use MLB's official data as well as marks and logos in their sportsbook product. Financial terms were not disclosed.

Daily Coronavirus Update

There are 10.7 million cases of the virus worldwide, with over 517,000 deaths.

The U.S. has nearly 2.7 million cases and 128,000 deaths.

U.S. daily coronavirus cases rose by 51,374 on Wednesday, the first time daily cases crossed 50,000.

Cases in Florida increased by 10,109 on Thursday, bringing the state’s total to 169,106.

Non-farm payrolls in June soared over 4.8 million, and the unemployment rate fell to 11.1% per the Labor Department.

Economists had surveyed had been expecting an increase of 2.9 million.

Now, this sounds positive--and don’t get me wrong, this data is positive--but there’s more to this story.

Only around 34% of the jobs lost in the pandemic are back. 22.2 million jobs were lost in March and April and 7.5 million returned in May and June.

And the jobless claims came in at 1.42 million Americans filing, versus estimates of 1.38 million.

Continuing claims came in at 19.3 million.

NFL's Washington D.C. Team Faces Scrutiny

Adweek is reporting that the Washington DC football team is facing new pressure to change the team's nickname. 

Nike, FedEx, and PepsiCo have all received letters signed by 87 investment firms and shareholders asking the companies to sever ties with Washington unless they change their nickname, the investment firms and shareholders are worth a combined 620 Billion Dollars, Washingtons Home Stadium in Landover Maryland is named FedEx Field.

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