P2JW053000-6-A00100-27FFFF5178F ADVERTISEMENT Meetour new, easy-to-use trading platform: thinkorswim® Web. LearnmoreonpageR10. ****** MONDAY,FEBRUARY 22, 2021 ~VOL. CCLXXVII NO.42 WSJ.com HHHH $4.00 Last week: DJIA 31494.32 À 35.92 0.1% NASDAQ 13874.46 g 1.6% STOXX 600 414.88 À 0.2% 10-YR. TREASURY g 1 11/32 , yield 1.344% OIL $59.24 g $0.23 EURO $1.2120 YEN 105.43 Texas Thaws Out and Repairs Begin on Damage From the Cold Housing, What’s News Online Shopping Business&Finance Propel trength in housing and e- Scommerce during the pan- demic has helped propel hiring JobGains in blue-collar jobs,with em- ployment in some categories exceeding precrisis levels. A1 Blue-collar workers The jump this month in see boom, but some U.S. government-bond yields is sending tremors companies can’t find through stocks and forcing enough qualified help investorstomoreseriously confront the implications BY SARAH CHANEY CAMBON of rising interest rates. A1 Agroup of activist inves- GES TheU.S.’sblue-collar work- tors has abig stakeinKohl’s IMA forcehas begun to benefit from and is attempting to take astrengthening job market. control of the department- GETTY An Orlando,Fla.-area home store chain’s board. B1 AN/ builderisseeking to add four construction workerstoasix- M&T Bank is nearing a SULLIV person team in the midst of deal to acquire People’s TIN soaring housing demand during United Financial for more JUS SHELTER: Plumber Randy Calazans repaired a burst pipe in a home in HoustoN on Sunday, as temperatures climbed and the pandemic.InAtlanta, a than $7 billion, in the lat- Texas started to recover from severe weather that overwhelmed its power grid, leaving homes without heat for days. A7 forkliftdriver rakesinovertime est in a string of regional- paybecause the warehouse that bank tie-ups. B1 employs him is so busy distrib- GameStop mania has uting packages.AChicago- spilled over into a popular based truck-trailer manufac- ETF, as the WallStreetBets Midair Scare Brings Probe of 777s turer is increasingly hosting crazereaches beyond shares drive-through job fairsand rais- favoredonsocial media. B1 ing wagesbyupto7%ashiring picks up acrossits nine produc- Toast is planning an BY ALISON SIDER Japan aimed at the Pratt& anearby town. Manyofthe 128 jetsthat tion plants. initial public offering that AND ANDREW TANGEL Whitney engines found on 128 United Airlines Holdings Boeing recommended be side- Nationally,employment in could value the restaurant- of its777s. TheUnited Airlines Inc., the only carrier in the U.S. lined while the FAAcompletes residential construction, pack- software provider at Boeing Co.told airlines to flight Saturdaywas the third that uses that engine type,said itsinspection plan arealready agedeliveryand warehousing around $20 billion. B4 stop flying itswide-body 777 failureinvolving that model earlier Sundaythat it had in storage. Airlines have moth- nowexceeds pre-pandemic lev- Newfood-ordering tools, aircraftequipped with atype plane with those engines in re- takentwo dozenplanes out of balled some of the wide-body els.Manufacturershavesteadily and some restaurants, are of engine that brokeapart dur- cent years. service. aircraftthey use forlong added back jobs afterslashing finding ways around Door- ing aflight over the weekend Safety investigatorsinthe RegulatorsinJapan had al- flightsdue to the coronavirus payrolls last spring,though em- Dash and Uber Eatsand the near Denver, as the Federal U.S. aretrying to determine ready ordered airlines to stop pandemic that hasweakened ployment remains down about commissions they charge. B1 Aviation Administration moved whythe engine failed shortly flying aircraftwith the same demand fortravel. Boeing said PleaseturntopageA2 to order immediateinspections afterthe Honolulu-bound engine type until further no- 69 of the 777 aircraftwith cer- World-Wide of those jets. flight took off, forcing the tice,including 13 Boeing 777s tain Pratt&Whitney 4000-se- The Outlook: Full inflation Boeing’srecommendation plane to return to DenverIn- flownbyJapan Airlines Co. ries engines areinservice. picture isn’t so pretty........... A2 on Sundayfollowedaction by ternational Airport and leaving and 19 such planes operated by Apreliminaryexamination Midwest job market beats Theoutlook forarebound regulatorsinthe U.S. and atrail of debris scatteredover All Nippon Airways Co. PleaseturntopageA6 the odds ...................................... A3 in travel this year has dimmed afterthe global pandemic rav- aged the industry and hurt tourism-dependent econo- Tourism Recovery Darkens China Deploys mies,with travelerspostpon- ing plans amid vaccine delays and border restrictions. A1 In ’21 Amid Delays in Shots Covid-19 Vaccine to Boeing told airlines to stop flying itswide-body 777 equipped with atype of en- Theoutlook forarebound When do you Build Influence gine that brokeapart during a 1stquarter 2021 1% in travel this year has expect a flight, and the FAAisordering dimmed afterthe global pan- rebound in 2nd quarter 2021 4 immediateinspections. A1 demic ravagedthe industry international 3rdquarter 2021 27 Nominee for attorney and hurt tourism-dependent tourism in 4th quarter 2021 18 With U.S. on sidelines, Beijing assembles general Judge Merrick your country? Garland will pledgetocon- By Mike Cherney 2022 50 ways to deliver doses to developing world front arise in extremist vi- in Sydney and olenceand racial discrimi- Eric Sylvers in Milan When do you ADDIS ABABA, Ethiopia—A the other is acontrol room 2021 1% nation during his Senate expect cavernous newairport cargo with awall of computer mon- confirmation hearing. A4 economies,with travelers international 2022 15 terminal in Ethiopia’scapital itorswhereChinese and Ethi- postponing plans amid vac- tourism to is the center of avast supply opian technicians will track TheState Department 2023 43 cine delays and border re- return to temperatures of everybatch. didn’t name newfirms as tar- 2024 or later strictions. pre-pandemic 41 By Joe Parkinson, This week,morethan one gets forsanctions related to Tourist destinations had 2019 levels in Chao Deng million doses of China’snew NordStream 2, allowing work Note:Survey conducted in January 2021 of morethan 200 tourism been hoping Covid-19 vac- your country? and Liza Lin Covid-19 inoculations will on the pipeline to continue. A5 officials, businesses, academics and other experts in about 70 countries cines would allowcountries Source:World Tourism Organization movethrough here, according Covid-19 survivors who to reopen their bordersand network China is assembling to Ethiopian Airlines officials. received adose of avaccine driveamuch-needed recovery likely that international travel prospectsfor a2021 rebound to speed deliveryofits coro- Thousands of doses have al- aregenerating immune re- in 2021. Now, with vaccine could be stalled foryears. have worsened. In October, navirus vaccines—and deepen ready passed through, they sponses that might makea rolloutsdelayedinsome Afterdeclaring that 2020 79% of expertspolled by the itsinfluenceacrossthe devel- and Ugandan officials said. second shot unnecessary. A6 places and newvirus strains wasthe worstyear fortour- agencybelieved a2021 re- oping world. Moredeliveries areset to ar- Scientistssay conditions appearing,itislooking more ismonrecord, with one bil- bound waspossible.Only 50% At one end is asoccer- rivevia apartnership be- areripe forthe rise of more lion fewerinternational arriv- said they believed that in Jan- field-sized freezertostore vi- tween Chinese technologygi- new coronavirus variants Research looks at one dose als, the United Nations World uary, and some 41% didn’t als from Chinese state-con- ant Alibaba Group Holding that could complicate ef- for Covid-19 survivors.......... A6 Tourism Organization said PleaseturntopageA8 trolled drug companies.At PleaseturntopageA10 fortstocontrol Covid-19. A6 Israel lifted curbs on most commerce and public Looking for a Little Relaxation? INSIDE activity,requiring apassto Bond-Yield Rise Puts document vaccination sta- Try Tufting a Tiny Chair tus for some pursuits. A8 iii Pressure on Stocks JOURNAL REPORT C-SuiteStrategies: Building miniatures is a hot hobby, but What’skeeping Black BY SAM GOLDFARB ation models forsome hot workersfromrising. R1-10 some find it isn’t easiest way to unwind technologyshares,investors GES Thesharp increase this and analysts said. IMA BY RACHEL WOLFE project manager who lives in monthinU.S.government- As of Friday, the yield on CONTENTS Outlook....................... A2 AND HALEY VELASCO Waxhaw, N.C., planned to bond yields is pressuring the the benchmark 10-year U.S. ETTY Arts in Review... A13 Personal Journal A11-12 /G BusinessNews...B3,5 Sports....................... A14 spend aleisurely weekend ar- stockmarket and forcing in- Treasurynotestood at 1.344%, Crossword.............. A14 Technology............... B4 After nine months of look- ranging tinybistrotables and vestorstomoreseriously con- up from 1.157% just five trad- HeardonStreet... B10 U.S. News............. A2-7 ing forsoothing waystofill chairs. Instead, when she front the implications of rising ing sessions earlier and about SPENCER Markets............... B9-10 Weather................... A14 time at home,Kimberli opened the box, “I realized, interest rates. 0.9% at the start of the year. ON Opinion.............. A15-17 World News....... A8-9 MER Fancher had already re-tiled ‘ohgosh, this thing is amillion While the liftinyields TheS&P fell 0.7% forthe CA hergaragefloor and built a pieces.’ ” She said she