TELECOMS AND VIRTUAL REALITY: How telecoms can move beyond connectivity and up the VR value chain to grab a slice of the $24 billion revenue opportunity by 2026

  • This is a preview of the Business Insider Intelligence Telecoms and Virtual Reality premium research report. Purchase this report here.
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While VR headset adoption has lagged behind expectations due to technical issues, the market is now on the cusp of a transformation thanks to the promise of 5G.

The new standard's technical capabilities, like low latency, lightning-fast speeds, and support for edge computing, will help VR overcome the barriers that have inhibited its adoption. As a result, explosive growth in the VR market is expected to coincide with the rollout of 5G networks. 

As the chief growth engine for the VR market, telecoms have an opportunity to monetize the immersive tech beyond simply providing the connectivity for it.

Since the VR market is still relatively nascent, early moving telecoms have an opportunity to step in and revolutionize the VR monetization paradigm before the technology is mainstream. Network operators have a particular advantage in becoming VR solution creators and enablers because they have early access to 5G networks. That gives them a head start on prototyping 5G-dependent VR hardware, content, and services. Telecoms that pursue this route have a significant opportunity: By 2026, the annual revenue for telecoms as solution creators for the immersive technology segment is expected to reach $24 billion, per Ericsson. 

In Telecoms and Virtual Reality, Business Insider Intelligence examines how telecoms can expand beyond connectivity to become solution creators in the VR ecosystem. The report explores how telecoms will play a pivotal role in advancing the VR market, identifies what's to be gained for telecoms that move up the VR value chain, and explores emerging VR monetization models. 

Here are some of the key takeaways of the report: 

  • Since content will remain a chief barrier to VR uptake, telecoms should drive value beyond connectivity in the VR ecosystem by expanding to become solution creators. 
  • Creating VR solutions can help operators stay ahead of the digital revolution as convergence reshapes the industry and become more attractive partners for enterprises. 
  • As 5G spreads and the VR ecosystem takes off, new monetization models will become possible for telecoms as well — like the solutions enabler model.

In full, the report: 

  • Examines how 5G connectivity will help VR reach its potential. 
  • Explores how telecoms can move up the VR value chain. 
  • Identifies consumer and enterprise VR use cases that present the largest opportunities in the near- to mid-term.

Interested in getting the full report? Here's how to get access:

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29 cool and unexpected gifts from Urban Outfitters for everyone on your list

When you buy through our links, we may earn money from our affiliate partners. Learn more.

  • Urban Outfitters is most widely known as a clothing store, but it's also a go-to destination for tech, home, and lifestyle products. 
  • From cozy clothing items to small but mighty gestures that let someone know you're thinking of them, Urban Outfitters is well equipped to be your one-stop-shop.
  • Looking for more gift ideas? Check out all Insider Reviews gift guides here.
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There's no better feeling than finding a gift that perfectly aligns with someone's personality. Searching for a gift that feels unique to a specific person can be a difficult task. Thankfully, Urban Outfitters is the ultimate source for fun gifts that seem tailor-made for your friends and family.

Whether it's clothing, tech, home accessories, or anything in between, Urban Outfitters has something for everyone. We combed through its vast selection ourselves to put together a list of our top 29 gifts from the store.

The top 5 gifts from Urban Outfitters: 

  1. An adorable mini donut toaster ($30)
  2. A pair of lightweight Birkenstocks ($45)
  3. A cat-shaped cheese board ($15)
  4. A stuffed llama that doubles as a heating pad and ice pack ($29)
  5. A mini Polaroid camera ($79)

Here are 29 quirky, yet cool gifts from Urban Outfitters:

A fleece blanket that will keep them warm all season long

Amped Fleece Throw Blanket, $39

Some days, it's just too cold to leave the couch. With plenty of color choices, this fleece throw is bound to please anyone.

A cute sloth to start their day with

Sloth-Shaped Mug, $16

This adorable sloth can't make the fall or winter go by any faster, but it can help make the cold mornings a little brighter. This sloth mug can add a bit of fun into anyone's wakeup call. 

A colorful camera to capture new memories

Fujifilm UO Exclusive Instax Mini 11 Instant Camera, $79

This Polaroid is the latest from Fujifilm, and it makes capturing memories more fun than ever. If you're feeling especially generous, get them some film so they can start snapping right away.

A cheese board for the cat lover in your life

Cat Cheese Board, $15

If you ask me, cheese tastes better when it's served on a cat-shaped board. This cheese board is sure to be a hit at any happy hour, dinner party, or game night. 

A mini backpack that holds the essentials

Herschel Supply Co. Nova Mini Backpack, $50

This versatile mini backpack is large enough to fit everything they need for a weekend day out and about, but compact enough for long days.

A record player that sounds as great as it looks

Crosley UO Exclusive Cream + Rose Gold Cruiser Bluetooth Record Player, $99

A record player is a worthy investment that they'll use for years to come. Its portability and subtle cream color make this specific version an excellent addition to any room. 

A Bluetooth speaker that looks concert ready

Crosley Charlotte Bluetooth Speaker, $60

This speaker packs a whole lot of sound into its relatively small size. Plus, it's compatible with the turntable listed above. 

A jacket that's as cozy as it is warm

UO Sheila Faux Fur Jacket, $89

This jacket is both on-trend and incredibly comfortable. With its neutral color options and its fleece material, it's the perfect gift for anyone who strives to feel cozy both inside and outside of the house. 

A sustainable and stylish tote

Flower District Tote Bag, $24

As reusable bags become a sustainability staple, they've also become a means for expressing one's personal style. This machine-washable, faded tote bag pays homage to Downtown Los Angeles.

A hoop earring set for any occasion

Hollow Hoop Earring Set, $20

A good pair of hoops goes a long way. Luckily, this set gives you three pairs in either silver or gold. 

An adorable donut toaster

Mini Donut Toaster, $30

This mini donut toaster packs in all of the fun and none of the frying. It cooks up eight mini donuts at a time in less than three minutes, so their sweet tooth won't have to wait all too long.

Some fetch magnets

Mean Girls Mini Burn Book + Magnet Set, $9.95

This magnet set will make your "Mean Girls"-obsessed friends feel as happy as when Glen Coco received four candy canes. 

A necklace that makes layering easier than ever

Mel Chain Necklace Set, $22

This set of three gold chain necklaces will allow them to mix and match however they want. They can wear all three together to take the guesswork out of layering, or they can pair each individual chain with their go-tos for a new take on their favorite look.

A pair of comfy, cult-favorite sandals

Birkenstock Arizona EVA Sandal, $45

The EVA is Birkenstock's more affordable, lightweight alternative to the cult-favorite Arizona Sandal. The Insider Reviews team swears by both pairs for different reasons, so they're bound to enjoy one or both iterations of the classic shoe.

A cozy pullover sweater

UO Eiko V-Neck Pullover Sweater, $29.99

This sweater strikes the ideal balance when it comes to loungewear: It's cozy enough for the couch, but polished enough to wear outside of the house.

A pair of joggers that's up for anything

Champion Reverse Weave Jogger Pant, $64

This classic pair of joggers is a wardrobe staple for anyone who strives for comfort. Whether running errands or just lounging, Champion joggers are the way to go. 

A light that's almost good enough to eat

Smoko UO Exclusive Dumpling Light, $16

What's cuter than a smiling dumpling? This portable light adds just the right amount of glow (and a slight dumpling craving) to dark nights. 

An affordable pair of wireless earbuds

Wireless Ear Buds, $30

These wireless earbuds have all the perks of the higher-end pairs without the price tag. 

A winter accent for every outfit

Tall Ribbed Knit Beanie, $14

The start of fall means the resurgence of the ever-reliable knit beanie; a gift that's soft, warm, and practical. 

A wintry update to the classic denim jacket

Levi's Type 3 Sherpa Lined Denim Jacket, $128

Levi's came up with a solution for all those who've wished denim jackets could be worn year-round. Available in classic indigo, vintage denim, and black, there's an option for every look that the winter will bring. 

A gift card for those who just can't decide

Urban Outfitters Gift Card, from $25

One of the best things about Urban Outfitters is the variety. For those who like to be open to options, a gift card is a perfect solution. 

A warm hug from a llama

Huggable Llama Cooling + Heating Pad, $29

This cozy llama is the perfect companion for a cold day. The material is both microwaveable and freezable, so this heating pad can double as an ice pack. 

A book for dog lovers

'My Adorable Dog: A Journal & Keepsake Book', $14.95

The only thing dog owners love more than their pets is bragging about them (guilty). This book will allow them to chronicle their pup's most important moments.

A pair of socks fit for any 'Star Wars' fan

Stance Trooper Crew Sock, $9.99

The force meets the feet with these "Star Wars" socks. The pictured pair features a Storm Trooper, but Darth Vader and Yoda are also available.

A sweatshirt for anything — from sports to sleep

Champion Reverse Weave Fleece Crew Neck Sweatshirt, $54

Whether relaxing at home or getting in a workout, this sweatshirt is up for the task. Plus, it's offered in many different colors.

A cool storage space for their cosmetics

Cooluli Mini Beauty Refrigerator, $59.95

This miniature fridge is specifically designed for cosmetics that need to be kept cool, such as serums and creams. It's the perfect gift for the beauty enthusiasts in your life. 

A smiling basketball for a happy athlete

Chinatown Market X Smiley UO Exclusive Smiley Basketball, $59

This basketball is bound to make anyone smile. The Chinatown Market X Smiley collaboration will be a hit on the court. 

A journal for every star sign

Velvet Zodiac Journal, $14

This journal is a great option for any astrology fan. It's almost as fun to look at as it is to write in, with a velvet exterior that includes an astrological sign printed in foil.

A pair of boots appropriate for any season

Dr. Martens Jadon Platform 8-Eye Boot, $180

Doc Martens have been a staple for years, and with good reason. These boots are ready for all seasons, outfits, and gift recipients.  

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Here's the 21-page deck that Crowdz, a startup that helps small businesses finance their invoices, used to nab an extra $2 million during a 'perfect storm' for growth

  • Crowdz is a marketplace for companies to finance their invoices.
  • The startup raised a $6.1 million Series A in 2019 in a round led by Barclays and Bold Capital Partners. In September, it raised an additional $2 million investment.
  • Payson Johnston, CEO and cofounder of Crowdz, told Business Insider the company went from a user base of 230 prior to the pandemic to roughly 27,000 currently. 
  • Check out the 21-page deck Crowdz used to raise an additional $2 million. 
  • Visit Business Insider's homepage for more stories.

Small businesses have been some of the hardest hit during the pandemic, but one startup has an innovative way to help ensure they have the cash needed to keep the lights on.

Crowdz is an invoice exchange where companies can buy and sell their bills to each other or lenders.

Companies have had the ability to finance their invoices for years. But Crowdz has streamlined the process, creating a place where players across the supply chain can make bids, therefore ensuring pricing will be better.

"There really wasn't a marketplace for [SMBs] to get competitive rates," Payson Johnston, CEO and cofounder of Crowdz, told Business Insider. "In a lot of cases, the bigger banks wouldn't touch the smaller companies. And so they have to go and get extremely high rates in order to get financing."

Crowdz sees a big future in its data

In order to speed up the process, and assess invoices from different companies, Crowdz built out a risk score that pulls data from across the platform to analyze both the seller and their customer. 

In 2019, the startup raised a $6.1 million Series A led by Barclays Investment Bank and Bold Capital Partners, launching its pilot in November 2019, Johnston said. 

However, it was in 2020, with small businesses struggling to get by as a result of lockdowns implemented due to the pandemic, when things took off.

From an initial user base of 230 prior to the spread of COVID-19, Johnston said the company now has roughly 27,000 users on the venue. Companies also began approaching Crowdz about white-labeling the technology so it could be used internally amongst its vendors. 

"It really just took off," Johnston said. 

Read more: One blockchain company is offering business owners a more sustainable alternative to the PPP loan by allowing funders to compete to finance invoices

In September, Crowdz announced it had raised an additional $2 million to tack on to its Series A led by Bold Capital Partners. Johnston said the startup chose to just raise an extension amidst the growth, with plans for a separate round down the road. 

Johnston said Crowdz is more of a data play long term. Banks struggle to help SMBs get alternative forms of financing due to the lack of information about them, he said. Also, many risk models are still working off frameworks established in the wake of the 2008 financial crisis, he added.

"What we realized is, the more data we collected during this time to understand default rates and other things it would train our model in the future," Johnston said. 

"For us, it's all about the data collection to understand what are the parameters that companies did go out of business with, stay in business, etcetera. And so we are collecting data on companies, constantly looking at this as they come in."

Find more pitch decks in our searchable PITCH DECK LIBRARY here.

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Major insurers are still waiving fees for Covid-19 telehealth visits

If you're worried about Covid-19 and want to virtually check in with your doctor following news of President Donald Trump's positive test, there's good news: Many major insurance companies are still waiving fees for such visits.

Telehealth, or doctor visits done by video or telephone, have surged in popularity amid the coronavirus pandemic as a means to protect both patients and physicians. In light of this, major insurance providers, such as Cigna, UnitedHealth, Anthem and Aetna, which is owned by CVS Health, this spring waived cost-sharing for members seeking treatment including telehealth coverage for visits related to Covid-19.

At the beginning of October, some insurers, including Anthem and UnitedHealth, changed parts of their telehealth policies, meaning that some members may have to start paying for virtual appointments, depending on their plan.

However, the changes generally do not apply to virtual visits related to Covid-19, so such appointments will not carry any out-of-pocket costs for now.

Fees for these telehealth services won't be waived forever.

Cigna has cancelled out-of-pocket costs for virtual visits related to Covid-19 through Oct. 31, and UnitedHealth's wavier on telehealth visits for the virus goes through Oct. 22.

To be sure, these timelines generally refer to employer plans — for those in Medicare plans, cost-sharing has been waived by many major insurers for most types of visits through the end of the year.

For those who want to get tested for Covid-19 or want to visit a doctor in-person for treatment, costs may be waived for a longer period, depending on your insurance carrier and individual plan.

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To get more information about what types of visits, testing and treatments for Covid-19 are covered by your plan, it's best to check your insurance provider's resource center, or call your employer or benefits administrator.  

President Trump announced in a tweet early Friday morning that he and First Lady Melania Trump had tested positive for the virus and would begin to quarantine immediately. Trump was experiencing "mild symptoms" after his positive test, White House chief of staff Mark Meadows told reporters later Friday morning.

There are more than 7.28 million coronavirus cases in the U.S., according to the latest data from Johns Hopkins University. So far, more than 207,000 Americans have died due to the disease. 

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

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Mike Pence Steps In For Donald Trump On Afternoon Phone Event About COVID-19 Support

Donald Trump did not participate in a call with on COVID-19 support to vulnerable seniors shortly after noon ET on Friday, despite prior indications that he would even after announcing that he tested positive for the coronavirus.

The New York Times‘ Maggie Haberman reported that Vice President Mike Pence participated in the call instead. Shortly after Trump announced early Friday that he tested positive, the White House released a revised schedule for the president that still listed the 12:15 PM ET phone call. Pence and his wife tested negative this morning.

White House chief of staff Mark Meadows said earlier that Trump was experiencing “mild symptoms” but was optimistic “he will have a very quick and speedy recovery.”

Other events on Friday, including a planned rally in Florida, were canceled as Trump remains in isolation, along with his wife, First Lady Melania Trump, who also tested positive.

Vice President Mike Pence, Second Lady Karen Pence Test Negative For Coronavirus After Donald Trump Reveals Positive Diagnosis

Trump, 74, falls into the age category of those who are especially vulnerable to serious effects of the virus. He also is overweight, a condition that also can increase the risks.

Haberman reported earlier that Trump was feeling fatigued on Wednesday and Thursday. The president did participate in a fundraiser in Bedminster, NJ, on Thursday afternoon, and then called into Sean Hannity’s Fox News show later in the evening.



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Millions of Americans may not be able to pay their rent in October. What to do if you're one of them

  • The coronavirus pandemic has made it difficult for many Americans to generate income and, as a result, pay their rent.
  • As many as 35 million people in the U.S. could face eviction.
  • Here's what to do if you're at risk of losing your home.

Jasmine Johnson is constantly afraid of being evicted from her house in St. Paul, Minnesota. The single mother of five children, all under the age of 13, hasn't been able to earn enough during the pandemic to stay caught up on her $1,350 rent. 

First, the daycare where she worked slashed her hours. Recently, she was re-hired at a family shelter as a client advocate, but has now come down with symptoms of the coronavirus and needs to quarantine. 

"I'd have to call shelters to be on the waiting list," Johnson, 31, said. "But you don't know when your name will come up.

Zoom In IconArrows pointing outwards

"It's really hard to be homeless with five kids," she added. "It's going to be cold out." 

The coronavirus pandemic has made it difficult for many Americans to generate income and, as a result, pay their rent. As many as 34 million people in the U.S. may be at risk of eviction, according to a new analysis by global advisory firm Stout Risius Ross. Around 1 in 6 renters were behind on their payments in September. That pattern is likely to continue in October.

"The United States is facing the most severe housing crisis in history," said Emily Benfer, an eviction expert and a visiting professor of law at Wake Forest University.

At risk of eviction? 

Most tenants struggling to pay their rent will be allowed to stay in their homes until the end of the year, thanks to an announcement by the Centers for Disease Control and Prevention last month that made evictions for nonpayment illegal. 

You'll need to attest on a declaration form that you meet a few requirements, such as expecting to earn less than $99,000 a year in 2020. Documentation usually won't be required. 

"If a tenant cannot pay the rent, they should provide the declaration to their property owner as soon as possible," Benfer said. 

Try to give the form to your landlord in person and make sure to keep a copy for yourself. 

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Unfortunately, some landlords appear to be misinterpreting or ignoring the CDC's ban and continuing to file evictions anyway. 

Jim Baker, executive director of the Private Equity Stakeholder Project, has identified more than 3,500 new eviction cases filed by corporate landlords since the moratorium was announced on Sept. 1. 

"These evictions by private equity firms and other corporate landlords threaten the health of their residents and the broader public," Baker said. 

Another problem is that states are interpreting the CDC ban inconsistently. (For example, the CDC doesn't say anything about renters needing to provide documentation to prove that they qualify for the protection aside from the declaration form  but, in Maryland, evidence may be required.) 

If you're facing an eviction, you want to first try to understand what protections are available to you. In addition to the CDC ban, some states have issued their own rules around the proceedings.

Try to get a lawyer before your hearing. One study in New Orleans found that more than 65% of tenants with no legal representation were evicted, compared with fewer than 15% of those who did have a lawyer. 

Sometimes the paperwork you receive with your hearing date will have the contact information for legal services in your area. If not, you should be able to find your agency online, said Alexis Erkert, a lawyer at Southeast Louisiana Legal Services. 

"The court may also be able to give people contact information," Erkert said. 

You can also find low-cost or free legal help with an eviction in your state at

No matter what — and whether it's by telephone, over video or in person — try to be present at your hearing, Erkert said. 

"A lot of tenants don't show up, which means they will get a default judgment against them," she added. "If they show up, many judges will at least give them extra time to move." 

Other options 

Meanwhile, at, you can search for community resources for people at risk of eviction. And some states and cities have funds allocated to help people stay in their homes. 

Arizona earmarked $5 million for that purpose. Residents in Delaware can apply for up to $1,500 in rental assistance. Similar relief measures were made available to those in Montana, Ohio, Iowa and New York.

If you're accepted for the assistance, make sure to let your landlord know right away. Many landlords are showing a willingness to work with tenants who ask for payment plans, experts add. 

Some tenants are using their credit cards to cover their rent. Few landlords or property managers accept plastic, so you'd have to find a third-party processor, such as Plastiq, Paypal or RadPad. 

"Their pitch is that you could pay them with a credit card and then they would mail a check to your landlord or send an electronic funds deposit," said Ted Rossman, an analyst at 

But this option should only be used in dire situations. The companies charge a fee (up to 2.85%, Rossman said), and then if you can't pay the credit card balance off immediately, you'll be dinged with interest. The average rate on a card is currently around 16%. 

Other ways to come up with rent can include borrowing from family and friends or from your retirement plan, Rossman said. 

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Where We Stand on a Vaccine After Trump Catches COVID-19

Major news broke Friday that President Trump and the First Lady tested positive for COVID-19 on Thursday night. This virus has proven pervasive from the lowest echelons of society to the highest offices in the country. It begs the question, now more than ever, of where we stand with a coronavirus vaccine.

24/7 Wall St. has put together an update of where some of the companies furthest along stand in their race for a vaccine.

Johnson & Johnson (NYSE: JNJ) is currently in Phase 3, or the late-stage, of its clinical trial of JNJ-78436735. The Phase 3 study is for a single-dose treatment, and currently the study is enrolling 60,000 participants around the globe.

This treatment is a viral-vector vaccine. Merck’s Ebola vaccine is the only other vaccine of this nature that has received approval by the FDA, back in December 2019.

The company has said the vaccine is expected to be affordable for the public and is being done on a not-for-profit basis for emergency pandemic use. If the safety and efficacy go as it expects, and if it receives FDA approval, Johnson & Johnson expects that JNJ-78436735 can see the first doses available for emergency use authorization in early 2021.

Johnson & Johnson stock traded down 1% on Friday, at $145.96 in a 52-week range of $109.16 to $157.00. The consensus price target is $165.06.

AstraZeneca PLC (NYSE: AZN) had a hiccup in its coronavirus vaccine trial when the company voluntarily paused its study earlier this month. Essentially, the trial saw a single safety event, which was the cause for some concern. However, the company has resumed testing in the United Kingdom.

So far, AstraZeneca has vaccinated about 18,000 people, and with a safety profile of 1:18,000, roughly 55 out of a million people could potentially experience adverse effects.

Also worth noting is that AstraZeneca’s vaccine is a viral-vector as well, similar to Johnson & Johnson.

AstraZeneca was trading at $54.28, in a 52-week range of $36.15 to $64.94. The consensus price target is $59.10.

Pfizer Inc. (NYSE: PFE) and BioNTech (NASDAQ: BNTX) are in the Phase 3 portion of developing a messenger RNA (mRNA) vaccine for COVID-19. Pfizer previously signed a nearly $2 billion contract with the U.S. government to provide 100 million doses by December 2020.

The trial originally was slated to have 30,000 enrollees, but this has been expanded to 44,000. So far, there haven’t been any adverse effects or reasons to pause the trial. Also, this vaccine is taken in two doses, so the trial may extend longer than others that are single dose.

Pfizer stock was down less than 1% to $36.15, in a 52-week range of $27.88 to $40.97. The consensus price target is $41.53.

BioNTech stock was up about 1%, at $73.61 in a 52-week range of $12.52 to $105.00. Analysts have a consensus price target of $80.38.

Moderna Inc. (NASDAQ: MRNA) has another mRNA vaccine that is currently in the late stages of testing. There has been a lot of hype around this vaccine, and many believe that it will be the first to cross the finish line.

This vaccine candidate relies on injecting snippets of a virus’s genetic material, in this case mRNA, into human cells. They create viral proteins that mimic the coronavirus, training the immune system to recognize its presence. This technology has never been licensed for any disease. If successful, it would be the first mRNA vaccine approved for human use.

Moderna’s CEO and a COVID-19 panel recently agreed that an emergency use authorization for the vaccine should come by the end of this year, with Moderna indicating it will be commercially ready for a November 1 launch.

Moderna stock was last seen up about 2% to $71.39. The 52-week range is $13.53 to $95.21, and the consensus price target is $92.54.

Novavax Inc. (NASDAQ: NVAX) moved forward with its coronavirus clinical trial as the company announced last week that it plans to test up to 10,000 volunteers in the United Kingdom over the coming weeks. This is part of the firm’s late-stage clinical trial for its vaccine candidate NVXCoV2373.

This vaccine proved effective in producing high levels of antibodies against COVID-19 in earlier trials. What separates this vaccine from the rest is that it is protein based, similar to a common flu shot.

Novavax stock was trading at $104.25, in a 52-week range of $3.54 to $189.40. The consensus analyst target is $227.60.

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Ford's Q3 vehicle sales outperform industry as demand recovers from coronavirus lockdowns

  • Sales of F-Series pickups and SUVs helped Fordoutperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter.
  • Ford on Friday reported its vehicle sales in the third quarter were only down 4.9% from a year earlier.
  • That compares to GM, Fiat Chrysler and the overall industry that were down about 10%.

Sales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the broader auto industry in the third quarter.

While Ford's vehicle sales fell by just 4.9% from the same time last year, the drop was about half that of the broader industry and smaller than the sales declines felt by General Motors and Fiat Chrysler.

Such declines typically aren't cause for celebration, but this year is anything but typical. New vehicle sales have recovered far faster than many expected from the second quarter when the coronavirus pandemic caused plant shutdowns and shuttered dealerships, sending sales down more than 30% compared to 2019.

"The industry had a very sharp recovery from Q2 to Q3," Mark LaNeve, Ford vice president of U.S. marketing, sales and service, told CNBC on Friday. "It's been a crazy year but the industry has been resilient and our dealers have done a great job."

Ford said its third-quarter sales were up 27% relative to the previous three months. It also reported its best third quarter sales of pickups since 2005, according to the company.

Consumer sales helped drive the recovery, while Ford's fleet sales to businesses also started showing signs of a recovery in the third quarter, the company said.

"Fleet also rebounded nicely. It was very good to see that. We were down 13.7% in Q3, but we were up 137% compared to Q2," LaNeve said, citing sales of the company's Explorer police interceptor vehicles.

Explorer sales rose 74% in the third quarter compared to a year earlier. Ford F-Series pickups were up 3.5%. Smaller Ford Ranger pickups were up 8.2%.

Ford is "cautiously optimistic" regarding vehicle sales in the fourth quarter, according to LaNeve. 

"We're carrying really good momentum into Q4," he said. "Obviously, nobody really knows what twist and turns could come from a pandemic environment or the election, but certainly Q3 exceeded expectations and we're looking forward to Q4."

Ford's sales through the third quarter were down 17.5% from the same time in 2019. GM's sales during that time were down 17.4%, while Fiat Chrysler was down about 20%.  

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The best Marriott credit cards — whether you want basic points earning or elite status and other luxury perks

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The best Marriott Bonvoy credit cards in 2020:

  • Best for occasional Marriott guests: Marriott Bonvoy Boundless™ Credit Card
  • Best for luxury benefits: Marriott Bonvoy Brilliant™ American Express® Card
  • Best for elite status: The Platinum Card® from American Express
  • If you want multiple options for redeeming your points: Chase Sapphire Preferred® Card or Chase Sapphire Reserve®
  • Best for small-business travelers: Marriott Bonvoy Business™ American Express® Card
  • No annual fee: Marriott Bonvoy Bold™ Credit Card

Marriott is the largest hotel company in the world, with more than 7,000 properties around the world. Thanks to its merger with Starwood a few years back, it's now easier than ever to find a hotel where you can redeem Marriott points, no matter where you're traveling. 

If Marriott Bonvoy is your hotel program of choice, it could make sense to have a co-branded Marriott card to enjoy perks like bonus points, complimentary elite status, free reward nights, and more. Here's a guide to all the Marriott credit cards available now, so you can find the best one for you no matter how often you travel.

The best credit cards for Marriott stays


If you think a rewards credit card with Marriott benefits might make sense given your travel plans, you'll want to find the option that best suits your needs. There are Marriott co-branded cards at various price points, from a no-annual-fee option to a $450-a-year premium card with annual statement credits.

Here's an in-depth look at the Marriott credit cards that are currently available to new applicants. 

Best for occasional Marriott guests:

Marriott Bonvoy Boundless™ Credit Card

Chase Marriott Bonvoy Boundless™ Credit CardAmerican Express Marriott Bonvoy Brilliant™ American Express® CardAmerican Express The Platinum Card® from American ExpressChase Chase Sapphire Preferred® CardChase Chase Sapphire Reserve®American Express Marriott Bonvoy Business™ American Express® CardChase Marriott Bonvoy Bold™ Credit Card

Annual Fee
Regular APR
Credit Score
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • 4.2 out of 5 Stars
    Editor's Rating
    Annual Fee


    Regular APR

    15.99% – 22.99% Variable

    Credit Score

    Good to ExcellentA five pointed star

  • A five pointed star
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • 4.2 out of 5 Stars
    Editor's Rating
  • Details
  • Pros & Cons
    • Earn 30,000 Bonus Points after you spend $1,000 on purchases in the first 3 months from account opening.
    • No Annual Fee!
    • Earn 3X Bonvoy points per $1 spent at over 7,000 hotels participating in Marriott Bonvoy™.
    • 2X Bonvoy points for every $1 spent on other travel purchases (from airfare to taxis and trains).
    • 1X point for every $1 spent on all other purchases.
    • Receive 15 Elite Night Credits annually, qualifying you for Silver Elite Status. Restrictions apply.
    • No Foreign Transaction Fees.
    • Earn unlimited Marriott Bonvoy points and get Free Night Stays faster.
    • No annual fee
    • Cardholders get 15 elite night credits toward status
    • Only offers strong rewards for Marriott purchases


    The Marriott Bonvoy Bold™ Credit Card has a fairly short list of benefits, but if you want to earn Marriott points without paying an annual fee, it's a solid option. The welcome bonus is 30,000 bonus points after you spend $1,000 on purchases in the first 3 months from account opening.

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    Watch live: HHS Secretary Alex Azar testifies before lawmakers on the coronavirus

    • Alex Azar, Secretary of the Department of Health and Human Services, will testify Friday before lawmaker on the U.S. response to the pandemic.
    • It is Azar's first appearance in Congress since February, Rep. Jim Clyburn (D-S.C.), the subcommittee chair, said.
    • The hearing comes hours after Trump announced he and the first lady both tested positive for the coroanvirus.

    [The stream is slated to start at 9:00 a.m. ET. Please refresh the page if you do not see a player above at that time.]

    The U.S. House Select Subcommittee on the Coronavirus Crisis is holding a hearing Friday to question Health and Human Services Secretary Alex Azar on the U.S. response to the pandemic.

    It is Azar's first appearance in Congress since February, Rep. Jim Clyburn (D-S.C.), the subcommittee chair, said.

    The hearing will focus on "the Trump Administration's unprecedented political interference in the work of scientists and public health experts at the Centers for Disease Control and Prevention and Food and Drug Administration," according to the subcommittee's website. 

    Last month, HHS announced Michael Caputo, the department's former top spokesman, announced he would take a 60-day medical leave after he accused scientists at the CDC were engaged in "sedition" against President Donald Trump.

    And the hearing comes hours after Trump announced he and the first lady both tested positive for the coroanvirus. Representatives of HHS did not immediately return CNBC's request for comment on whether Azar would attend the hearing in person. 

    Read CNBC's live updates to see the latest news on the Covid-19 outbreak.

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