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The Covid 15 Have MadeOur Clothes Too Tight

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Apparel shoppers upsize after quarantine;‘Holy moly, I gained 11 pounds’

sizes as a stopgap until herold clothes fit.

“I will have to buy moreclothes,” said Ms. Ponzar, 43,who works for a health-carenonprofit, “but I’m determinedto lose weight before I go backto the office this fall.”

People spent the springsheltering at home in sweat-pants, perfecting banana-breadrecipes and indulging in pan-demic-induced stress-eating.

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Amanda Ponzar knew shehad gained weight from all herbaking while sheltering athome in Alexandria, Va., butshe hadn’t realized how muchuntil she ordered shorts onlinefrom Walmart Inc.

They had an elastic waist butwere still too tight. “You needsmaller thighs to wear those,”her 12-year-old son told her.

She is now buying bigger

BY SUZANNE KAPNER

MillionsMore GotVirus inU.S. ThanThoughtGovernment estimatecomes as Texas haltsreopening, Californiadeclares emergency

porting a private-equity groupthat would take one of the Eu-ropean equipment makers pri-vate. Other proposals wouldsupport “open” network tech-nology that would make it eas-ier for U.S. startups to developnew technology for 5G equip-ment.

The ideas show how far theU.S. is willing to go in its fightwith China over who will sup-ply the world with advancedtechnologies.

The pandemic has compli-cated an already knotty plan-ning process. The White Housepostponed a planned April 1meeting on 5G technologywith Mr. Trump and execu-tives from U.S. wireless carri-ers, equipment makers andmajor tech companies includ-ing Dell Technologies Inc., In-tel Corp., and Microsoft Corp.after the virus shut downmost travel.

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MANSIONDesigner’s search for a

home with highceilings nabs formerLondon church hall.M1

found that officers in the Minneapolis policedepartment who faced criminal charges dur-ing the past 15 years have been routinely al-lowed to return to the force, and half of themare working there today.

Those who still have their jobs, accordingto the data sets, include an officer whopunched a handcuffed suspect and a sheriff’sdeputy who was drunk and beat his caninepartner.

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Minnesota police officers who are fired formisconduct or charged with criminal behav-ior often end up back on the force.

Law-enforcement officers in the state whoappealed terminations since 2014 were rein-stated half the time, according to a WallStreet Journal review of records from theMinnesota Bureau of Mediation Services,which maintains a database of arbitrationawards.

A Journal review of a different data set

BY COULTER JONES AND LOUISE RADNOFSKY

ManyMinnesota Police OfficersStay on Job DespiteMisconductArbitration practices have come under scrutiny since the Floyd killing

INSIDE

Pressure grows for charges in Taylor killing...... A3

White House Seeks toBolster Huawei Rivals

Trump administration offi-cials have talked about insert-ing the federal governmentdeep into the private sector tostiffen global competitionagainst Chinese telecom giantHuawei Technologies Co.

The ideas, discussed inter-mittently with U.S. tech giants,private-equity firms and vet-eran telecom executives, in-clude prodding large U.S. tech-nology companies like CiscoSystems Inc. to acquire Euro-pean companies Ericsson ABor Nokia Corp., according topeople familiar with the mat-ter. In more than one case,they said, the company wasn’tinterested in buying into low-margin businesses.

Policy makers have also dis-cussed shoring up Ericssonand Nokia with tax breaks andexport-bank financing, or sup-

BY DREW FITZGERALDAND SARAH KROUSE

The number of workersseeking jobless benefits hasheld steady at about 1.5 mil-lion each week so far in June,signaling a slow recovery forthe U.S. economy as statesface new infections that couldimpede hiring and consumerspending.

Applications for unemploy-ment benefits were slightlybelow 1.5 million last week, at1.48 million, the Labor Depart-ment reported Thursday.While weekly totals have grad-ually eased from a late Marchpeak of nearly 7 million, theyalso remain well above theprepandemic record of695,000 in 1982.

Meanwhile, the number ofpeople receiving benefits, anindicator for overall layoffs,

Texas paused reopeningplans as new coronavirus casesand hospitalizations increasedin a number of states, and agovernment estimate showed

more than 20 million people inthe U.S. might have contractedthe virus, far exceeding diag-nosed infections.

Based on data from anti-body testing, the federal Cen-ters for Disease Control andPrevention estimates that onlyabout one in every 10 Covid-19cases in the U.S. has been iden-tified, its director, Robert Red-field, said on Thursday. Headded that most people arestill susceptible to the virus.

“This outbreak is not over.This pandemic is not over,” Dr.Redfield said. “Greater than 90%of the American public hasn’texperienced this virus yet.”

A number of states, includ-ing Arizona, Texas, South Car-olina and Florida, saw con-firmed cases rise by more than

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By Jennifer Calfas,Brianna Abbott

and Andrew Restuccia

The Federal Reserve said aprolonged economic downturncould saddle the nation’s big-gest banks with as much as$700 billion in losses on souredloans and ordered them to capdividends and suspend sharebuybacks to conserve funds.

In a worst-case scenario,where unemployment remainshigh and the economy doesn’t

bounce back for a few quarters,the 33 largest U.S. banks wouldsuffer heavy loan losses thatwould erode the capital buffersmeant to keep them on stablefinancial footing, the Fed saidThursday when it made publicthe results of its annual stresstests.

Designed to gauge the healthof the nation’s banking system,the stress tests were expandedthis year to study the effect ofthe coronavirus downturn. The

Fed said U.S. banks are strongenough to withstand the crisisand restricted dividend payoutsand buybacks to make surethey stay that way.

Banks, which will make pub-lic their dividend plans for nextquarter as soon as Monday,won’t be able to make payoutsthat are greater than their av-erage quarterly profit from thefour most recent quarters.

The Fed also barred themfrom buying back shares in the

third quarter. Most of the larg-est banks had previouslyagreed to halt buybacks duringthe second quarter. Buybacksare the main way U.S. banks re-turn capital to shareholders.

In a sign of the uncertaintyfacing the industry, the Fed re-

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BY BEN EISENAND ANDREW ACKERMAN

Fed Sets Caps on Bank PayoutsAmid $700 Billion Loss Threat

A memorial to George Floyd in Minneapolis, whose death sparked national protests against police abuse.

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New Jobless ClaimsHold at High Level,Signaling Long Slog

totaled 19.5 million in theweek ended June 13, downslightly from previous weeks.

Economists said the slug-gish improvements dim pros-pects for a quick recovery.Further, a recent increase incoronavirus cases could affectefforts to reopen the econ-omy—and get people back towork and spending money.

“We’re seeing a slowdownin layoffs, but hiring hasn’tpicked up a tremendousamount,” said Nick Bunker,economist at the job site In-deed. “The recovery from thisis going to potentially be avery long slog if we can’t get

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BY SARAH CHANEY

Texas halts somenonessential surgeries......... A6

Orders jump for drug usedagainst virus.............................. A6

FDIC lifts curbs on swaps andinvesting..................................... B10

Banks ignite late turnaroundfor stocks.................................... B11

Macy’s to cut 3% of totalpositions........................................ B1

Heard on the Street: Jobsrecovery risks stalling out... B12

CONTENTSBusiness News.. B3,5Crossword.............. A13Heard on Street. B12Life & Arts...... A12-13Mansion.............. M1-12Markets..................... B11

Opinion.............. A15-17Sports....................... A14Streetwise............. B10Technology............... B4U.S. News............. A2-7Weather................... A13World News..... A8-10

s 2020 Dow Jones & Company, Inc.All Rights Reserved

>

What’sNews

Texas paused reopeningplans as new coronaviruscases and hospitalizationsrose in a number of states,and a CDC estimate showedmore than 20 million Amer-icans may have contractedthe virus, many more thaninitially thought. A1, A6TheTrump administrationfiled a legal brief urging theSupremeCourt to invalidatetheAffordable Care Act, back-ing GOP governors’ efforts tostrike down the law.A3The House approved aDemocratic bill to overhaulthe nation’s law-enforcementpractices, but the prospectsfor any legislation becominglaw remained dim. A4 The Senate passed a bi-partisan bill that wouldput sanctions on Chineseofficials who erode HongKong’s limited autonomy. A7The Supreme Court ruledthat a noncitizen apprehendedshortly after crossing the bor-der has no constitutional rightto challenge immigrationofficials’ expedited removalorders in federal court. A5 IAFF President HaroldSchaitberger, a supporterof Democratic Partycauses, is mired in an inter-nal financial dispute withthe firefighters union. A5 South Korea’s presidentwarned North Koreaagainst conducting armedattacks on his country. A10 A White House-hostedSerbia-Kosovo peace sum-mit was postponed after aninternational tribunal saidKosovo’s leader could becharged for war crimes. A9

The Fed said a prolongedeconomic downturn could

saddle the biggest U.S. bankswith up to $700 billion inlosses on soured loans and or-dered them to cap dividendsand suspend share buybacksto conserve funds. A1 U.S. agencies moved toroll back some financial reg-ulations, potentially freeingup tens of billions of dollarsfor major lenders. B10 New jobless-benefitsclaims have held steady atabout 1.5million eachweek sofar in June, signaling a slowU.S. economic recovery. A1 Administration officialshave talked about insert-ing the government deepinto the private sector tostiffen global competitionagainst China’s Huawei. A1 U.S. stocks rose, withthe Dow advancing 1.2%,while the S&P 500 and Nas-daq both gained 1.1%. B11The federal Paycheck Pro-tection Program to help smallbusinesses faces a significantrisk of fraud, the GAO said.A2Macy’s is laying off roughly3,900 corporate staffers, orabout 3% of its total work-force, as the retailer faces aslow economic recovery. B1Wirecard filed for insol-vency proceedings days af-ter revealing that more than$2 billion in missing cashprobably didn’t exist. B1 Facebook is working topersuade top advertisers notto pause spending as it triesto keep a limited boycott frombecoming a broad revolt. B1Nike sales fell 38% in thequarter as stores closed be-cause of the pandemic.B1

Business&Finance

World-Wide

Somber Homecoming on 70th Anniversary of KoreanWar

PAYING RESPECT: South Korean honor guards carry the remains of soldiers killed inside North Korea during the KoreanWar, at an event Thursday commemorating the 70th anniversary of the start of the war in 1950. A10

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