Amex overall spending volumes were down 20% y-o-y in mid-july - conf call

Amex says overall spending volumes were down 20% y-o-y in mid-july - conf call.amex says t&e spending remains down 75% in the first part of july- conf call.amex says for the non-t&e categories, consumer online and card-not-present spend is up about 25% so far in july-conf call.amex - we are on track to achieve our target of $1 billion opex reduction y-o-y cumulatively across q2 through q4-conf call.
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