While the stock market is closed Monday for MLK day, a busy week of bank and airline earnings will follow, along with fresh housing data.
Airlines for America argues that transitioning to 5G service near the airport would disrupt 345,000 passenger flights. FOX Business’ Lydia Hu with more.
Over the past few months, the rollout has been scrutinized over 5G's potential to cause interference with radar altimeters on aircraft, which provide critical altitude information for pilots when operating in low visibility environments Earlier this month, the companies reached an agreement with the Department of Transportation to implement additional mitigations to give agencies more time to reduce potential impacts to commercial flights. Under the terms of the agreement,identified as having the greatest impact to the U.S. aviation sector will be subject to C-band exclusion zones for six months.
Assuming no additional issues, AT&T and Verizon will be able to use their spectrum licenses without extra restrictions after July 5.Earnings taking the spotlight on Thursday include American Airlines before the market open and Netflix after the bell.
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