What I Am Reading

May 13 (Wednesday) YRI Morning Briefing PDF  Daily Markets Markets U.S. Stocks Extend Fall as Dow Drops More Than 400 Points W Opinion: Despite the stock market’s breathtaking rally, investors are closer to despair MW ESG Investing Shines in Market Turmoil, With Help From Big Tech W Bond ETFs Climb as the Fed Kicks Off Historic Purchase Program W Oil Eases on Weak Demand Outlook as U.S. Debates Lockdown Exit B Central banks Fed’s Powell to Address Dire Outlook, Need for Stronger Support B CLOs, Leveraged Loans Get Partial Lifeline in Fed’s TALF Changes B US Coronavirus crisis leads to largest U.S. consumer price decline since 2008 R U.S. reports record $738 billion budget deficit in April R Amazon, Google Help States as Coronavirus Boosts Unemployment Claims W Emerging South Korea Sees Second Month of Job Losses Amid Virus B Indian Companies Are Getting Downgraded Like Never Before B US politics Coronavirus updates: House Democrats unveil $3 trillion relief bill C House Democrats stimulus bill includes a second round of $1,200 checks C House Democrats’ stimulus bill rolls back $10,000 SALT cap for 2 years C PPP Changes Trip Up Small Businesses W Geopolitics & trade Trump Administration Tells Federal Retirement Plan to Avoid Chinese Stocks W Huawei Struggles to Get Along Without Google W Industries & companies Aerospace: Boeing Orders Slip Below 5,000 On MAX Cancellations W Airlines: Coronavirus travel: Complaints about airline refunds jumps as travelers seek cash, not vouchers C Media: From PepsiCo to GM, Big Advertisers Set to Cancel Commitments to TV Networks W Media: Disney+ Takes Its Shot at ‘Hamilton’ Movie with Early Online Debut W Pharma: Moderna CEO says no single drugmaker can produce enough coronavirus vaccine doses for the planet C Pharma: Remdesivir coronavirus treatment: Gilead strikes deal to make drug in 127 countries C Virus I Coronavirus live updates: Fauci delivers somber warnings C Fauci Warns Early Reopening Could ‘Set You Back,’ Cause Deaths B Trump’s Own Experts Shrug Off His ‘We’ve Prevailed’ Virus Claim B Virus II Coronavirus: California offices can reopen with modifications, malls can offer curbside pickup C Los Angeles mayor hedges on plan to extend coronavirus lockdown for three months R On the Ground in Wuhan, Signs of China Stalling Probe of Coronavirus Origins  W U.S. vs. South Korea: Behind the Coronavirus Testing Numbers W Virus III New York turns attention to testing children MW 10-4: How to Reopen the Economy by Exploiting the Coronavirus’s Weak Spot N Corporate finance Grubhub stock halted after report Uber is eyeing a takeover C Tock raises $10 million from Valor Siren as it pivots to food takeout C Offbeat A million people are pretending to be ants on Facebook C

May 12 (Tuesday) YRI Morning Briefing PDF  Daily Markets Markets Opinion: Everything you know about growth and value stocks is about to flip MW Credit & commodities Wanted: Somewhere, Anywhere, to Store Lots of Cheap Oil W Oil Prices Fall as Demand Concerns Outweigh Supply Cuts W The Emerging-Market Debt Trap W Central banks After trying for a decade, central banks might succeed at generating inflation C Fed Study Says Pandemic Likely to Have Muted Impact on Deflation B Fed’s Evans sees no inflation risk, and no use for negative rates R Big Money Managers Take Lead Role in Managing Coronavirus Stimulus W US ‘Feels like we’re at the bottom’: Some executives see signs of recovery in April C Economists Expect Recovery Will Be More of a ‘Swoosh’ Than V-Shaped W New York leaders in denial on how badly coronavirus has crashed government revenues P Cities, States That Tap Fed’s $500 Billion Fund Face Big Penalty B Scarred and Scared, the Reshaping of American Consumers Begins B Over 80% of U.S. small businesses expect longer impact of pandemic: survey R As states reopen, homebuyers rush back out, but sellers are staying on the sidelines C China China’s Local Governments Binge on Off-the-Books Debt W US politics Democrats See Stimulus Bill by Friday at Earliest W Republicans Willing to Back $500B Stimulus, Menendez Says  B U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin R Mnuchin: Small-Business Aid Program Will Be Fixed to Help Restaurants Participate W Pandemic Renews Push for Medicaid Expansion in GOP-Led States W Election Risk Swells as Wall Street Warns on Tax Cut Reversal B Geopolitics & trade Investment Between U.S. and China Falls W U.S. to Accuse China of Attempts to Hack Coronavirus Research W Tom Cotton Has a China Coronavirus Attack Plan W Trump and Chip Makers Seek Self-Sufficiency W As U.S. meat workers fall sick and supplies dwindle, exports to China soar R Industries & companies Autos: Elon Musk could save billions in taxes if Tesla moves its headquarters to Nevada or Texas C Autos: Detroit’s automakers have enough cash to last the year without a bailout after learning the ‘hard way’ in the Great Recession C Biotech: Moderna Insiders Get Fresh Chance to Cash Out After 200% Surge B Energy: U.S. Approves Giant Solar Project in Nevada W FAANGs: Netflix Special Brings Interactivity to Comedy W Hotels: Marriott’s Occupancy Starts Picking Up After Steep Decline W Pharma: Drugmakers Overhaul the Sales Pitch Amid Coronavirus Lockdowns W Utilities: Pandemic Sparks Slump in Electricity Prices W Virus I New York state begins to ease some coronavirus restrictions this week, allows some outdoor businesses and activities C Texas Businesses Defy Coronavirus Shutdown W Trump wades into Pennsylvania coronavirus plan, governor pushes back R U.S. Drafts Guidelines for Reopening Nursing Homes W Shanghai Disneyland Reopens With the Magic of Social Distancing W Virus II WHO warns that coronavirus cases have jumped in countries that eased lockdowns C China Fires Official After New Coronavirus Cases Emerge in Wuhan Community W Coronavirus patients discharged from hospitals report ‘long struggle,’ some relapse, WHO says C New York City Saw 24,172 More Deaths Than Normal During Outbreak B Virus III One Idea for Speeding Vaccine: Deliberately Infecting People W CityMD mistakenly told 15,000 people with coronavirus antibodies they’re immune C U.S. Falling Short on Needed Contact Tracers, Experts Say W Corporate finance Shale Driller Chesapeake Energy Warns Its Future in Peril W Deutsche Bank Seeks to Bolster Capital Structure W Offbeat Working from home is here to stay, even when the economy reopens C Reopening the Coronavirus-Era Office W A.P. Exams in the Coronavirus Era: Online, and Just 15 to 45 Minutes Long W Bill Gates Has Regrets W

May 11 (Monday) YRI Morning Briefing PDF  Daily Markets Markets The market v the real economy E Can stocks and bonds both be right? Making sense of rising equities and ultra-low Treasury yields C Bond Market Veers From Historic Rallies to Record-Smashing Sales B Where Investors Can Put Their Cash During the Coronavirus Crisis BR The Car Is Staging a Comeback, Spurring Oil’s Recovery B Central banks Fed Flying Blind on Economic Outlook as U.S. Slowly Reopens B The Case for Deeply Negative Interest Rates China central bank signals more policy measures to support virus-ravaged economy R US I Home Prices Are Likely to Hold Up Just Fine BR Jobless Rate May Peak Above 20%, White House Aide Hassett Says B 14.7% unemployment is tragic, and it doesn’t even include everyone who’s out of work NN Coronavirus has taken millions of jobs, but here’s where they’re coming back C Dental practices led record health care job losses in April but are already bouncing back this month C US II ‘Hidden’ Defaults Set to Soar as Recession Squeezes Companies B U.S. next week to start purchasing $3 billion worth of farm goods: Trump R Reopening the Restaurant Wasn’t the Quick Fix Its Owners Needed W Americans Are Being Turned Away Trying to Buy Life Insurance W The Class of 2020 Takes Flight as the Job Market Crashes W Europe Europe’s Top Debt Collector Sparks Worry Over Buyback, Debt Goal B Op-ed: EU faces historic test of relevance as 70th anniversary takes place during pandemic C Italy to give further support to companies including tax incentives, hybrid bonds: minister R US politics White House talking to Congress about more coronavirus economic relief, Kudlow says R Trump Eyes FBI After Justice Drops Case Against Flynn W Trump’s Tax Returns Put Supreme Court Back in Political Storm B Geopolitics & trade Governments Could Bring Supply Chains Home. It Would Defy Economic Rationality. BR As Pandemic Spreads, Regard for China Recedes in West W Industries & companies Airlines: U.S. Airlines Endorse Fever Checks as Covid-19 Safety Measure B Autos: Tesla prepared to move out of California amid fight over factory shutdown, Musk tweets C Autos: Tesla Files Suit to Reopen Fremont Factory W Autos: Hardy Truck Sales Bolster Car Companies During Health Crisis W FAANGs: Why ordering from Amazon has been so unpredictable during the coronavirus crisis C FAANGs: Amazon, Berkshire, JPMorgan Health-Care Venture Looking for New CEO W Media: TV Cord-Cutting Hits Record as Coronavirus Shuts Businesses W Real Estate: Where to Find Value in Real Estate Stocks BR Tech: The Results Are In for the Sharing Economy. They Are Ugly. N Virus I Global Virus Cases Top 4 Million as U.S. Moves to Boost Tests W We know everything – and nothing – about Covid Johnson tells Britons to ‘Stay Alert’ as lockdown easing starts R Virus II FDA gives emergency authorization for new antigen test to help detect coronavirus quicker and cheaper C Some Doctors Pull Back on Ventilators W Rare syndrome tied to COVID-19 kills three children in New York, Cuomo says R Virus III Anthony Fauci will follow ‘modified’ quarantine after exposure to White House aide with coronavirus C FDA director self quarantines after contact with individual who tested positive for coronavirus C Curbing Coronavirus With a Contact-Tracing App? It’s Not So Simple. W Corporate finance Bank M&A Will Resume Postcrisis. How to Prepare. BR Shaky Retail Sector Off the Menu for Activists – for Now BR Carlyle, GIC Back Away From AmEx Global Business Travel Deal W LiveXLive to Join Podcast Fray With PodcastOne Acquisition W Offbeat Wildlife habitat destruction will cause more deadly pandemics like coronavirus, scientists warn C The Quant Taking On Climate Change W Little Richard dead at 87 C

May 09 (Saturday) YRI Morning Briefing PDF  Daily Markets Markets Dow rises more than 400 points despite record job losses C S&P Rally Reaches Escape Speed Even as Earnings Slide B Why the stock market is up even with historic job losses C Traders Are Baffled Why the Futures Market Is Pricing in Negative Rates B Central banks Buybacks Are an Endangered Species. Will the Fed Buy Stocks? B US I A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7% C This chart shows how coronavirus jobs losses dwarf those in prior recessions C As unemployment surges, essential workers fear calling out sick could cost them their jobs C Here’s why restaurants reopening could be good news for summer jobs C When will restaurants and bars reopen? Here’s what experts are saying C US II SBA Veered From Guidelines on Small-Business Loans, Report Says W Americans Are Pumping Gas Again as States Reopen W Virus Pushes America’s Hospitals to the Brink of Financial Ruin B US politics Trump in ‘No Rush’ on New Relief Bill After 20 Million Jobs Lost B Formal Talks Paused on Next Stimulus Package, Trump Adviser Says W Democrats want to give Americans $2,000 a month during coronavirus crisis C Geopolitics & trade US drafts rule to allow Huawei and US firms to work together on 5G standards, sources say C Industries & companies FAANGs: Apple to reopen stores in US starting next week C FAANGs: Alphabet CEO in internal memo: Offices reopening at 10% to 15% capacity starting in June C Media: Media companies expect a tough quarter for TV advertising, with no live sports and spending delayed C Corporate finance United Air Scraps $2.25 Billion Bond Deal After Terms Disappoint B JC Penney in talks to fund potential bankruptcy filing next week C Department stores had an insane week. Here’s everything that happened C Virus Coronavirus live updates: ‘Delayed epidemic’ takes hold in eastern Europe, Italy reaches 30,000 deaths C Melinda Gates says US coronavirus response is ‘chaos,’ gives Trump administration a D-minus grade C Vice President Mike Pence’s press secretary tests positive for coronavirus C A Chaotic Gray Market Determines Who Gets Coronavirus Gear—and Who Doesn’t W Offbeat Is 5G Going to Kill Us All?

May 08 (Friday) YRI Morning Briefing PDF  Daily Markets Markets US stock futures rise slightly after Nasdaq Composite claws back 2020 losses, jobs report ahead C The economy is in free fall. So why isn’t the stock market? Stay-at-home stocks Amazon, Microsoft lift Nasdaq into gain for 2020 R Nasdaq Composite Index Erases 2020 Losses W Two-Year Treasury Yield Now at Record Low W Central banks As U.S. states start to reopen, Fed official sees little sign of economic resurgence R US Unemployment Data Point to a Record Wave of Job Losses W This realtor became a trucker after the housing crisis and now pulls in six figures during the coronavirus pandemic C Companies got emergency government loans despite having months of cash R China China Counters Coronavirus Crunch With a Surprise Rise in Exports W China’s WeChat Monitors Foreign Users to Refine Censorship at Home W US politics House Democrats Close In on New Stimulus Proposal W GOP groups to use Biden sex assault allegation, Kavanaugh treatment against Democrats in key Senate races C ‘The best we’re going to do is a slow recovery,’ ex-Treasury Secretary Lew says C Industries & companies Agriculture: The meat supply chain is broken. Here’s why shortages are likely to last during the coronavirus pandemic C Agriculture: Why Meatpacking Plants Have Become Covid-19 Hot Spots Agriculture: The great potato giveaway: U.S. farmers hand out spuds to avoid food waste R Airlines: Frontier Airlines to check passenger temperatures. Too high, you won’t fly C Airlines: Cargo carriers reap rewards of coronavirus chaos C eCommerce: ‘It was suddenly Cyber Monday’ — Etsy CEO says sales spiked 79% in April C Energy: Inside the Biggest Oil Meltdown in History Tech: Uber reports massive losses, and big layoffs hit Silicon Valley’s lucrative start-up sector: CNBC After Hours C Tech: Uber shares shoot up after CEO says ride volume is increasing again after April bottom C Virus I Daily Coronavirus-Case Count Surges W California identifies nail salons as source of coronavirus community spread, Gov. Newsom says C Sweden Avoided a Coronavirus Lockdown. Its Economy Is Hurting Anyway. W Coronavirus Hijacks the Body From Head to Toe, Perplexing Doctors W Virus II Among New Coronavirus Antibody Tests, Limited Value and Many Unknowns W Antimalaria Drug Doesn’t Help Treat Covid-19, Study Finds W Corporate finance Neiman Marcus, the Retailer to the Rich, Files for Bankruptcy W Neiman Marcus’s attempt to manage crushing debt undone by COVID-19 R

May 07 (Thursday) YRI Morning Briefing PDF  Daily Markets Market Dow falls for the first time in 3 days, drops more than 200 points C Oil drops 2%, snapping five-day winning streak in volatile trading session C Surging small cap stocks offer hope of U.S. growth rebound R US This is the jobs number that will show how fast the labor market can heal C Europe Coronavirus Projected to Send Eurozone Into Steep Recession W US politics BlackRock’s Fink Delivers Grim Outlook With Tax Hikes for Corporate America B Deficit Fears Put Senate Republicans and Trump on Collision Course W U.K. Tests Contact-Tracing App to Guide Way Out of Coronavirus Lockdown W Geopolitics & trade Coronavirus Casts Deep Chill Over U.S.-China Relations W Chinese Chip Giant Prepares to Build Its War Chest During U.S.-China Tech Battle W Industries & companies Airlines: Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus C Consumer: Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump C Cruise Lines: Senators Call for Investigation Into Carnival Over Virus B FAANGs: Facebook-Backed Libra Project Gets New CEO W FAANGs: Google tells employees they can’t expense food or other perks when working from home C Media: Shanghai Disneyland will offer Disney a blueprint for how to reopen its other theme parks C Media: MGM Resorts Warns 63,000 Workers of Possible Layoffs W Pharma: Will Gilead price its drug for public good or profit? R Retail: Costco’s Sales Fall for First Time in Over a Decade W Retail: U.S. to Experience Uneven Retail Recovery, Industry Group Says B Tech: Lyft shares jump 15% as company reports more riders than last year despite coronavirus C Virus I Coronavirus live updates: New Jersey extends public health emergency, Texas and Georgia restaurants slow to reopen C U.S. Virus Cases Top 1.2 Million, as Trump Refocuses Task Force W Trump Says Coronavirus Task Force to Continue Indefinitely W Cuomo says it’s ‘shocking’ most new coronavirus hospitalizations are people who had been staying home C Virus II Germany to Reopen Most of Its Economy in Coming Weeks W How Germany Kept Its Factories Open During the Pandemic W For Asia, Risks From Novel Coronavirus Weren’t So Novel W Virus III ‘Today’s norm to tomorrow’s everyday routines,’ CVS CEO says the pandemic will change customers’ shopping, health-care habits C Severity of COVID-19 may depend on where you’re located on the map, new study suggests California Canceled Large Coronavirus Mask Order W Offbeat Airbnb hosts are building their own direct booking websites in revolt C ‘Very unusual’: Arctic air set to hit Eastern US with record-low temperatures for May C

May 06 (Wednesday) YRI Morning Briefing PDF  Daily Markets Markets Stocks rise for a second day with Dow up 100 points as investors bet on the economy reopening C The market is getting excited as the Fed prepares to buy corporate bonds C Central banks Fed Is Propping Up Companies It Had Warned Banks Not to Touch B Fed policymakers see slow, uneven U.S. recovery after coronavirus downturn R Fed Vice Chair Clarida says more support may be needed, but economy to rebound next quarter C ECB Faces Renewed Legal Pressure Over Bond Purchases W US U.S. March Trade Deficit Widened as Coronavirus Disruptions Spread W Why Home Prices Are Rising During the Pandemic W U.S. hospitals are losing millions of dollars per day in the midst of the Covid-19 pandemic — and recovery may take years C US politics Vaccine Expert Alleges HHS Resisted Coronavirus Warnings W Opinion: Businesses don’t need special immunity from coronavirus liability MW Geopolitics & trade U.S. Pushes EU to Back China Inquiry W Industries & companies Airlines: Exclusive: U.S. airlines burn $10 billion a month as traffic plummet R Autos: General Motors in Talks for $2 Billion Loan to Boost Liquidity B Financials: Wells Fargo gets federal inquiries over handling of PPP loans R Financials: Prudential Swings to Net Loss As Market Turbulence Hurts Results B Hospitality: Airbnb to Cut 25% of Workforce W Insurance: Insurers’ Earnings a Mixed Bag in First Quarter with Coronavirus Impact W Insurance: Investors Cheer AIG’s Caution on Coronavirus W Media: Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment C Media: Disney takes $1.4 billion coronavirus hit, sets date to reopen Shanghai park R Restaurants: Cheesecake Factory swings to a loss as coronavirus weighs on earnings C Virus I Here’s a look at how much of the country is reopening C Trump Says U.S. Must Reopen Even If More Americans Get Sick, Die B U.S. Factories Face a Hitch in Reopening: Mexico’s Shutdown W When will we start traveling again? Here’s what experts are saying C Virus II The coronavirus has mutated and appears to be more contagious now, new study finds C Tricky Math Is Behind Coronavirus Death Predictions W White House considers phasing out coronavirus task force C 5 a.m. wake ups and 1,000 emails: Inside a typical day for White House Advisor Dr. Anthony Fauci C Meat Shortages Hit Wendy’s, Leaving Burgers Unavailable at Some Restaurants W Corporate finance Occidental Seeks to Lessen Roughly $40 Billion Debt Load W Lord & Taylor to liquidate its stores as soon as they reopen, sources say C Men’s shirt retailer Untuckit taps real estate restructuring firm to renegotiate deals during coronavirus C Private-Equity Numbers Aren’t as Ugly as They Appear W Offbeat A Young Doctor Photographs the Pandemic W Exclusive: Trump administration drafting ‘Artemis Accords’ pact for moon mining – sources R

May 05 (Tuesday) YRI Morning Briefing PDF  Daily Markets Markets Stocks Waver on U.S.-China Tensions, Buffett Move W Nasdaq turns positive, S&P 500 cuts losses on strength from big tech C Aviation Industry Races for Cash With Record Bond Sales W Oil Majors Delay Deals Amid Volatile Crude Prices, Lockdowns W US US Treasury seeks to borrow a record $3 trillion this quarter C U.S. Factory Orders Plunged in March W Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store C Call It Hero Pay or Hazard Pay, Essential Workers Want More of It W Opinion: COVID-19 crisis sparks ‘early retirement’ wave MW My Retirement Plan Is You N US politics The New Great Depression Is Coming. Will There Be a New New Deal? N Liability Shield Is Next Coronavirus Aid Battle W Senate office says it lacks ‘discretion’ to release possible Biden complaint C Industries & companies Consumer: Tyson Expects Virus to Continue to Crimp Production W Cruise lines: Carnival to Resume Some Cruise Sailings W FAANGs: New 13-Inch MacBook Pro Kills Off Apple’s Butterfly Keyboard W Industrials: GE Moves to Cut Roughly 13,000 Aviation Workers W Insurance: AIG Takes $272 Million in Covid-19 Losses and Withdraws Guidance B Virus I Coronavirus deaths projected to hit 3,000 per day by June, internal Trump administration analysis says C Florida Begins Reopening After Virus Lockdown W The Risk Of Exposure To COVID-19 In Georgia Has Increased By More Than 40% Since The State Reopened For Business N.Y. Schools, Entertainment Will Be in Last Phase of Reopenings B Trump’s 100,000-Dead Projection Gets Muddied by Reopenings B Will schools be open in September? We asked several experts to weigh in C USAA chief: Coronavirus ‘cabin fever’ may be behind car crash uptick after initial steep decline C Virus II Japan sending Fujifilm’s flu drug favipiravir to over 40 countries for Covid-19 trials C FDA Sets Standards for Coronavirus Antibody Tests in Fraud Crackdown W Contact tracing: Let the private sector lead Corporate finance J.Crew Tumbles Into Bankruptcy in the Wake of Coronavirus W JC Penney goes to court to try to stop Sephora from pulling out of the troubled chain’s stores C Victoria’s Secret Owner Cancels Sycamore Deal, Ends Lawsuits B Technology AI Software Gets Mixed Reviews for Tackling Coronavirus W Offbeat Even Warren Buffett Wonders If People Will Return to Offices W

May 04 (Monday) YRI Morning Briefing PDF  Daily Markets Markets Dow futures fall more than 300 points amid concerns over reopening the economy C Stocks Keep Rallying Despite Obscured Economic Outlook W Covid-19 Is Creating a Different Kind of Debt Crisis. But Some Stocks Look Like Buys. BR The U.S. Wants to Stabilize Oil Prices. It Might Be Too Late. BR Oil’s Crash Prompts Record Push to Store Fuel at Sea W Central banks Fed Won’t Use Stimulus Aid to Push Libor Replacement W US The Economic Recovery Rests on Getting Consumers to Spend. It Won’t Be Easy. BR Kudlow says third round of PPP small business loans might be needed as demand soars C Lobbyists Press Congress for Last Chance at Stimulus Funds W Pentagon, Treasury Have $17 Billion to Lend, But There’s Little Interest W Geopolitics & trade Global Brands Need China’s Consumers to Spend. They Might Have to Wait. W Industries & companies Agriculture: Wasted milk, euthanized livestock: Photos show how coronavirus has devastated US agriculture C Airlines: Warren Buffett gave airlines another go. Coronavirus was a problem he couldn’t stomach C Autos: Pent-Up Demand Likely to Increase Luxury Auto Sales BR Autos: Used-Car Prices Are Plunging. So Why Is Carvana’s Stock Soaring? Time for a Rethink. BR Energy: 10 Energy Stocks to Buy Now, According to Barron’s Experts BR Energy: 10 Energy Company Bonds That Could Reward Investors BR Insurance: Major Blue Insurer to Get Nearly $2 Billion in ACA Payouts W Media: Americans are paying for TV sports they’re not receiving, but don’t expect to get a refund any time soon C Media: Sports Will Return Eventually. These 2 Stocks Are Poised to Benefit From The Rebound. BR Retail: Retail Brands That Could Thrive Postpandemic BR Virus I Trump says he believes there will be a coronavirus vaccine ‘by the end of the year’ C The US just reported its deadliest day for coronavirus patients as states reopen, according to WHO C Smart or Lucky? How Florida Dodged the Worst of Coronavirus W Construction Work Resumes Amid Weak Demand W Virus II Gilead CEO says remdesivir available to coronavirus patients this week: ‘We’ve donated the entire supply’ C Researchers Explore Using Common Blood-Plasma Treatment to Fight Virus W Pressure Is Mounting on Regulators as Covid-19 Drug Efforts Race Ahead BR Virus III Pompeo says ‘significant’ evidence that new coronavirus emerged from Chinese lab R US intelligence documents accuse China of covering up coronavirus outbreak severity to hoard supplies C Cuomo calls PPE shortages a national security issue: ‘You can’t be dependent on China’ C Low-Quality Masks Infiltrate U.S. Coronavirus Supply W Safety Advice for Reopening: How to Reduce Your Risks as Coronavirus Lockdowns Ease W Offbeat Buffett Says ‘American Magic’ to Overcome Coronavirus Uncertainty W Here’s a full recap of Warren Buffett’s newsmaking comments at Berkshire Hathaway’s annual meeting C

May 02 (Saturday) YRI Morning Briefing PDF  Daily Markets Markets Wall Street tumbles as renewed tariff threat adds to uncertainties R Tech Giants Pull Stocks Lower as Dow Falls More Than 600 Points W Oil Market Showing Signs of Life as Producers Plan Output Cuts B Central banks Fed officials worry about lasting economic scars from crisis R Fed Rebuked Over Loan Terms That Don’t Explicitly Bar Layoffs B More ECB Bond Buying Is a Matter of Time as Debt Balloons B US Coronavirus Prompts Biggest U.S. Manufacturing Pullback Since Last Recession W For Small Businesses With High Rents, Coronavirus Aid Falls Short W The Covid-19 Rent Crisis Is Here Europe As Europe’s Economy Founders, ECB Signals Readiness to Act W US politics White House blocks Fauci from testifying at House coronavirus hearing C New White House press secretary breaks with Trump tradition by holding a traditional briefing C Dems Snuck A $15 Minimum Wage Into The CARES Act — And We’ll All Pay The Price Geopolitics & trade North Korean state media reports Kim Jong Un has resumed public activity C U.S. Moves to Curb Foreign Electric Gear W Industries & companies Autos: Carmakers Dodge Disaster With Biggest-Ever Share of 0% Loans B Autos: U.S. Auto Sales Fell in April, but Signs of Hope Are Seen W Autos: Elon Musk Tweeted That Tesla’s Stock Was Too High. The Market Agreed. W Energy: A Dismal Outlook for Oil Squeezes the Industry W Energy: Exxon Posts First Loss in Decades as Oil Giants Signal Trouble Ahead W FAANGs: Amazon CEO Bezos Called to Testify Before Congress W Retail: Estee Lauder CEO: ‘Consumer finds a way to get the product,’ as online sales grow double digits C Virus I U.S. Probes University of Texas Links to Chinese Lab W Differing Rules Show Lack of Consensus on State Reopenings W Local, Practical, Apolitical: Inside Germany’s Successful Coronavirus Strategy W A Smartphone App Tries to Guide the Way Out of Coronavirus Lockdowns W Virus II Gilead gets emergency FDA authorization for remdesivir to treat coronavirus, Trump says C Remdesivir coronavirus treatment will need a ‘sustainable model’ to keep it accessible, Gilead CEO says C Blood-Pressure Drugs Don’t Raise Coronavirus Risk W Thinly Staffed Nursing Homes Face Challenges in Pandemic W Corporate finance Sur La Table Is Preparing for Bankruptcy B Private Equity Poised to Face a Reckoning After Gilded Decade B Apollo Is Latest Private-Equity Firm Hammered by Coronavirus Rout W Offbeat The U.S. Needs Way More Than a Bailout to Recover From Covid-19 B