What I Am Reading

May 01 (Friday) YRI Morning Briefing PDF  Daily Markets Markets Stock Market Surge Isn’t as Crazy as It Seems W Dow futures fall more than 100 points after Wall Street wraps up best month in three decades C Cash-Hungry Companies Reach for Lifeline in Convertible Bonds W Central banks What the ECB Did Thursday—and Why Investors Were Disappointed W Federal Reserve Expands Business Lending Program W Liquidity Crisis or Solvency Crisis? It Matters to Fed W New York City’s subway system may turn to the Federal Reserve for a loan, meets bond investors Friday C US I Coronavirus Prompts Record Drop in Consumer Spending W Jobless claims surge to more than 30 million — here’s what to watch C 3.8 Million More Sought Jobless Benefits as Surge Tests States’ Systems W US II Federal Small-Business Aid: Too Little Bang, Too Few Bucks W Justice Department Sees Early Fraud Signs in SBA Loan Flurry B IRS Denies Deductions Tied to Small-Business Loans W Virus Pushes Colleges to the Breaking Point, Forcing ‘Hard Choices’ About Education W Europe Record Contraction in Eurozone Bodes Ill for Global Economy W US politics Trump says he would ‘certainly consider’ bringing convicted felon Michael Flynn back into administration C Biden to give first interview responding to accusations R Geopolitics & trade Trump threatens new tariffs on China as U.S. mulls retaliatory action over virus R Industries & companies Airlines: United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic C Energy: Texas Shale Driller Concho Takes $12.6 Billion Charge, Citing Coronavirus Impacts W FAANGs: Apple CEO Tim Cook says company saw an ‘uptick across the board’ in late April thanks to stimulus and work from home C FAANGs: Apple now has $192.8 billion in cash on hand, down from last quarter C FAANGs: Amazon reports earnings, plans to spend all Q2 profits on coronavirus response C FAANGs: AWS tops $10 billion in quarterly revenue for the first time C Financials: Bank stocks could surge in economic recovery, Bank of America strategist says C Financials: Wells Fargo will no longer accept applications for home equity lines of credit C Financials: Visa Posts Higher Quarterly Profit, Beating Projections W Financials: Visa Warns It Will Be Challenged ‘for a Number of Quarters’ B Media: Disney+ in a Programming Crunch Due to Coronavirus Shutdown W Retail: Macy’s will survive. It has a role to play in American retail, CEO Jeff Gennette says C Virus I U.S. Intelligence Agencies Confirm Investigating if Virus Emerged From Lab Accident W Trump suspects coronavirus outbreak came from China lab, doesn’t cite evidence C Virus II Gilead says it can produce ‘several million’ rounds of remdesivir coronavirus treatments next year C FDA’s relaxed regulations open the market to dubious coronavirus testing vendors R Bill Gates says this is what you need to know about a coronavirus vaccine C Virus III Meat Companies Want to Reopen, but Officials Fear New Infections W MGM Resorts CEO: Las Vegas Reopening Will Start With Two or Three Casinos W Macy’s to Begin Reopening Stores on Monday W NYC Subways Won’t Run 24 Hours a Day During Pandemic W U.K.’s Virus Death Toll Draws Scrutiny  W Corporate finance Boeing Launches $25 Billion Bond Sale W J. Crew is preparing for a bankruptcy filing that could come this weekend C Brooks Brothers Seeks Buyer With Wall Street Working From Home B Buybacks Still On at Apple, Alphabet With Tech Giants Flush B

April 30 (Thursday) YRI Morning Briefing PDF  Daily Markets Markets The Bad News Won’t Stop, but Markets Keep Rising N Stock market today: Stocks jump 2%, putting the S&P 500 on track for its best month since 1974 C Stocks Rise on Hopes for Coronavirus Treatment W The stock market is up from its coronavirus dip. Should you sell? C Longer-Dated Treasury Yields Rise W Central banks Fed decision: Interest rates to be kept near zero until full employment, inflation come back C Fed’s Powell Says More Spending Will Be Needed From Congress W Powell Says More Action Needed to Shield U.S. Economy From Virus B Fed lending programs may get more funds, but not airlines: Treasury’s Mnuchin R Mnuchin Says U.S. Aims to Get Back Its Money From Fed Programs W US U.S. Economy Shrank at 4.8% Pace in First Quarter W U.S. Economy Shrank at Fastest Pace Since 2008 W Rent Is Due Again and Missing Payments Have Landlords Worrying B U.S. Marriage Rate Plunges to Lowest Level on Record W US politics Trump Says He’s Ready to Hit the Road to Arizona, Coronavirus or Not W Geopolitics & trade Russia’s Aging Infrastructure Threatens Oil Output Pact W Who Might Succeed North Korea’s Kim Jong Un? W Industries & companies Aerospace: Boeing and Airbus Brace for Prolonged Downturn W Autos: Tesla rises as company ekes out a Q1 profit C FAANGs: Facebook soars after reporting ‘stability’ in ad revenue after fall in March C FAANGs: Amazon is Wall Street’s biggest winner from coronavirus R FAANGs: U.S. Tags Amazon Sites as ‘Notorious Markets’ W Financials: Mastercard’s Contactless Transactions Jump More Than 40% W Media: Amazon, NFL Extend Streaming Deal for Three More Seasons W Restaurants: Charts: Two Months That Tore Apart the Food Chain W Tech: Microsoft’s stock rises after company reports 15% sales jump and says coronavirus had ‘minimal’ impact on revenue C Tech: Qualcomm rises after earnings, but sees 30% drop in phone shipments in future C Virus I FDA in talks with Gilead to make remdesivir available to coronavirus patients ‘as quickly as possible’ C Trump’s ‘Operation Warp Speed’ Aims to Rush Coronavirus Vaccine B Coronavirus testing chief says ‘no way on Earth’ US can test 5 million a day C Miscalculations at Every Level Left U.S. Unequipped to Fight Coronavirus W Young Doctors Struggle to Treat Coronavirus Patients: ‘We Are Horrified and Scared’ W Virus II Some States Lifted Coronavirus Restrictions, but Did People Go Out? W U.S. Cases Rise 2.7%; Florida to Reopen Some Areas: Virus Update B Both New Zealand and Australia Contained Coronavirus, but One Is Set to Pay a Heavier Price W Virus III Cargill Plant With 20% of Alberta’s Virus Cases to Reopen B Pilgrim’s Pride Says Chicken Markets Are Volatile and Challenging B Lockdowns change fitness industry forever—how workouts will look C Corporate finance Exclusive: Chesapeake Energy preparing bankruptcy filing R

April 29 (Wednesday) YRIMorning Briefing PDFDaily Markets MarketsU.S. Stocks Tick Modestly Lower WOil drops 3% in volatile session CJunk Bonds Bounce Back, Raising Hopes—and Concerns WIllinois Plans to Sell $2 Billion in Bonds Amid Pandemic Strain B Central banksCNBC Fed survey: The US will need to spend trillions more as economy takes until 2022 to fully recover C USManufacturers Hit a Wall as Coronavirus Saps Demand WCoronavirus Relief Often Pays Workers More Than Work WEven for Companies With Business From Coronavirus, the Picture Is Mixed at Best WStates need revenue. These taxes might go up CU.S. Audits of Small-Business Loans Face Daunting Challenges W EmergingChina’s $600 Billion Bet to Revive Growth With Infrastructure BChina Growth Revival, Expansion Ends, QE’s New Ground: Eco Day BChina’s Massive Banks Are Facing a $42 Billion Dividend Trap BSingapore Banks Set to Post First Profit Decline Since 2016 BIMF Approves $3.4 Billion in Emergency Funding for Nigeria B US politicsLeading Democrats Stand Behind Biden After Sexual-Assault Allegation WTrump Ties Virus Aid for States to Action on ‘Sanctuary’ Cities B Industries &  companiesAutos Ford projects adjusted pretax loss of $5 billion in the second quarter CFAANGs: Alphabet stock rises more than 7% as ad slowdown turns out to be less than feared CFAANGs: Alphabet Shares Jump on Google Cloud, YouTube Expansion BFAANGs: Google Revenue Climbs, but Company Warns of ‘Tale of Two Quarters’ WFinancials: HSBC’s Loan Losses Hint at Tougher Times for Banks WRestaurants: Starbucks shares fall after coffee chain warns US cafe closures to deal hefty blow to earnings CSemiconductors: AMD Falls on Weak Revenue Projections, In-Line Earnings B Virus ICoronavirus live updates: US cases top 1 million, California to ‘gradually’ reopen once testing improves CEuropean Countries Move Closer to Reopening Continent WThe biggest US mall owner prepares to reopen 49 properties. Here’s how that will work CConnecticut Governor Ned Lamont wants state’s colleges open in fall CTrump plans to order meatpacking plants to remain open C Virus IIApple iPhone contact tracing: How it came together CCoronavirus Updates: Sales Rise for Mondelez; McConnell Wants to Shield Companies From Liability WCoronavirus: Mike Pence visits Mayo Clinic without mask despite Covid-19 CQuest Diagnostics rolls out direct-to-consumer coronavirus antibody tests CRace for Coronavirus Vaccine Accelerates as Pfizer Says U.S. Testing to Begin Next Week W Corporate financeCompanies Are Suspending Dividends at Fastest Pace in Years W OffbeatSome School Districts Plan to End the Year Early, Call Remote Learning Too Tough WShould You Wear a Mask When Exercising Outdoors? WCoronavirus has ‘magnified’ US workplace safety weaknesses, unions say C

April 28 (Tuesday) YRI Morning Briefing PDF  Daily Markets Markets Stock market today: Dow surges 350 points on hope of economy reopening, closes above 24,000 C Oil Slides With Rising Glut Spooking Investors W The Reach for Yield Survives Coronavirus Market Shock W Coronavirus Shutdown Weighs on Higher-Risk Muni Issuers W Central banks The Federal Reserve Is Changing What It Means to Be a Central Bank W Fed Has Big Decision to Make About Giving More Guidance on Rates B The Fed won’t move on rates, but here are some other things it could do C Fed to Extend Loans to More Cities, Counties W US Coronavirus: Small essential business owners fight for survival C Small-Business Loan Program Resumes With Reports of Delays W Americans on Cusp of Meat Shortage With Food Chain Breaking Down B China China Toughens Procurement Rules for Tech Equipment W US politics House Speaker Nancy Pelosi Endorses Joe Biden for President W Geopolitics & trade Commerce Department Tightens Rules on Exports to China W Industries & companies Aerospace: Boeing CEO Sees Slow Recovery for Global Aviation W Aerospace: Coronavirus: Boeing to resume Dreamliner production in South Carolina next month C Airlines: American Airlines will give face masks to passengers, require them for flight attendants amid coronavirus C Autos: Detroit Car Makers Target May 18 U.S. Restart Date W FAANGs: Apple Delays Mass Production of 2020 Flagship iPhones W Retail: Coronavirus: Curbside pickup at retail stores surges 208% C Virus I States Move to Ease Lockdowns as Global Cases Top 3 Million W Trump coronavirus strategy: White House claims most testing groundwork done C Trump Administration Has Enough Tests for 2% of Each State’s Population, Official Says W North or south, red or blue – states shut down their economies at about the same pace, CNBC analysis shows C For a Glimpse at What Reopening Looks Like, Head to Waffle House B Virus II The Secret Group of Scientists and Billionaires Pushing a Manhattan Project for Covid-19 W Coronavirus Lingers in Air of Crowded Spaces, New Study Finds B Vaccine Could Potentially Be Available Later This Year, Coalition Says B Virus III Japan’s Coronavirus Cases Fall Sharply Without Compulsory Measures W European Hospitals Hit Hard by Coronavirus Fear a Resurgence W Pork Industry, USDA Discuss Euthanizing Hogs After Coronavirus Closes Plants W Corporate finance Saudi Arabia buys $500 million stake in coronavirus-hit Live Nation C Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America W Offbeat Charlie Munger will not take questions at Berkshire’s annual meeting C Biggest Hurdle to Bringing People Back to the Office Might Be the Commute W Hollywood has gone dark, and it’s crushing thousands NN

April 27 (Monday) YRI ‘QE4ever’ will help drive stocks to new highs post-coronavirus crisis, long-time bull Ed Yardeni predicts C Morning Briefing PDF  Daily Markets Markets Markets Diverge in Assessing the Economic Freeze W In a Stock Market Like This, Anything Could Cause the Next Panic. Here’s What to Watch. BR Stocks Could Gain 15% in the Next Year, Experts Say BR Credit & commodities What Negative Prices Tell Us About the Future W The Oil Market Has Gotten Weird. Here’s How Investors Can Make Sense of It. BR Investors Buy Up Debt From Stronger Developing Countries W Global After the disease, the debt E US Mnuchin Sees Third-Quarter Rebound for U.S. Economy W Today’s Stimulus Spending Will Lead to Tomorrow’s Inflation BR Firms Try Fewer Products, Build Inventory Amid Coronavirus W People Were Leaving New York City Before. Now What? W When Will What Happens in Vegas Return to Las Vegas? W Europe Germany excels among its European peers E US politics Trump Signs Stimulus Bill as Focus Shifts to State Funding W At Least 13 Public Companies Give Back $170 Million in Small-Business Stimulus Money. Others Say They’ll Keep It. W The Era of Big Government Is…Back W Geopolitics & trade As Kim Jong Un Disappears, North Korea Watchers Advise Caution W Trump, Putin Statement Stirs Concern Among Some W A pandemic of power grabs E Industries & companies Autos: The world’s car giants need to move fast and break things E Cruise Lines: How Fed Intervention Saved Carnival W Financials: Millions of Credit-Card Customers Can’t Pay Their Bills. Lenders Are Bracing for Impact. W Financials: Banks Could Prove Weak Partner in Coronavirus Recovery W Restaurants: Time to Chow Down on Restaurant Stocks? The Risks May Be Too Great. BR Virus U.S. Debates How Soon It Can Reopen W Open the Economy Slowly, or the Second Coronavirus Wave Will Come Too Soon BR Reopening Has Begun. No One Is Sure What Happens Next. N Why Georgia Isn’t Ready to Reopen, in Charts N Corporate finance Virus Accelerates J.C. Penney’s Long March Toward Bankruptcy W Boeing Walks Away From Embraer Deal W After Two IPO Misfires, the Country’s Second-Largest Grocer Might Finally Have Gotten Its Timing Right BR Offbeat Baseball Is Back in Taiwan—With Cardboard-Cutout Fans W

April 25 (Saturday) YRI Express Morning Briefing PDF  Daily Markets Markets Dow jumps more than 200 points as oil extends rebound, but posts first weekly loss in three C Behind Oil-Market Gyrations: Few Places Left to Store Unwanted Crude W Cash is king as U.S. quarterly reporting season gains steam R Central banks Fed Allows Banks to Eliminate Limits, Fees on Monthly Withdrawals From Savings Accounts W US U.S. Durable-Goods Orders Drop as Economic Outlook Sours W Coronavirus Projected to Trigger Worst Downturn Since 1940s W U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO R California cities project 2-year losses of $6.7 billion C The Coronavirus Economy Will Bring Inflation Europe Pressure Builds on Europe’s Fragile Banking System W US politics Trump Signs Stimulus Bill as Focus Shifts to State Funding W As others cave, several public companies that took small business loans are not giving back the cash C Dems Schumer, Cardin, Brown ask SBA to investigate report that loan program favored the wealthy C Mnuchin Faces Tougher Tests After Praise for Opening Cash Spigot B Geopolitics & trade Opinion: Russia is the world’s biggest loser from oil’s crash, and that’s reason to worry MW China sent team including medical experts to advise on North Korea’s Kim, sources say C Industries & companies Aerospace: Boeing pushes back target date for fixing 737 Max as coronavirus hinders progress C Energy: The Oil Industry Doesn’t Need Government Protection FAANGs: Facebook rolling out free video calling for up to 50 people C FAANGs: Facebook’s $5 Billion Privacy Settlement Wins Court Approval W Financials: Banks Could Prove Weak Partner in Virus Recovery W Financials: American Express Says Coronavirus Pandemic Hit Volumes W Media: Disney’s stock has value at these levels, trader says as Evercore ISI gets bullish C Media: MGM reportedly cuts 7% of staff, United Artists Releasing furloughs one-third of its employees C Wireless: Verizon’s Wireless Business Slowed by Coronavirus W Virus I U.S. Virus Death Toll Surpasses 50,000 W Georgia Reopens but Many Businesses Stay Closed W States Reopen for Business, but Many Big Chains Sit It Out for Now W Japan Hopes Longer Holiday Marks End of Virus Lockdown B Virus II FDA Issues Warning on Chloroquine W Leaked White House emails reveal behind-the-scenes battle over chloroquine in coronavirus response C Trump tries to walk back speculation about injecting disinfectants to fight coronavirus C Lysol Maker Warns Against Internal Use of Disinfectants After Trump Comments W Virus III Coronavirus live updates: California launches meal delivery program for seniors, US death toll tops 50,000 C Bill Gates: ‘I wish I could say that we’re halfway through’ coronavirus pandemic C U.S. Is Reeling Toward Meat Shortages and the World May Be Next B Corporate finance Hertz Hires Advisers for Restructuring Talks With Lenders W Offbeat As working from home becomes more widespread, many say they don’t want to go back C First-Ever Remote NFL Draft Draws 15.6 Million Viewers, a Record W From Running and Fiction to Baking and Videogames: Social Networking Goes Niche W

April 24 (Friday) YRI Express Morning Briefing PDF  Daily Markets Markets Stocks rise in volatile session as investors assess Gilead virus treatment, oil rebound C Short sellers make nearly $300 million betting against retail investors’ favorite oil fund C Oil rallies more than 40% in two days as it comes back from record lows C How negative oil prices could set the stage for the next price boom NN Biggest Oil ETF ‘Almost Unanalyzable’ After Ditching Disclosures B One Pipeline Giant Is Looking to Stash Oil In Its Lines B Central banks Fed Focuses on Lending Programs, but Monetary Policy Deliberations Loom W U.S. Fed balance sheet increases to record $6.62 trillion R Global Global Economy Hit by Record Collapse of Business Activity W US I The US economy has wiped out all the job gains since the Great Recession C These are the states getting hit the hardest with job losses from the coronavirus pandemic C 4.4 Million Sought Jobless Benefits W The Debt Is Soaring; Debt Risks Are Not W US II Getting a Mortgage-Payment Break Isn’t the Boon Many Expected W Housing demand may have started to bounce back from coronavirus impact C ‘Payment status not available’: For many, IRS stimulus payment website raises a lot of questions C Millennials Are the Battered-and-Bruised Generation B More Cooking, Less Shampooing: The Coronavirus Consumer Emerges W Europe EU agrees budget, recovery plan needed to beat coronavirus impact C US politics I House Approves $484 Billion Bill to Aid Small Businesses, Hospitals W US issues new guidance for small business loans, pressures public companies to return funds C JPMorgan tells small business customers to apply with other banks on fear that funds will run out C Ruth’s Chris Steakhouse owner says it will repay $20 million in small business loans C US politics II Larry Summers Advising Biden Campaign on Economic Recovery B States Should Not Receive Bankruptcy Protection Ousted vaccine doctor felt pressure to rush possible treatment after Trump spoke to Oracle’s Ellison C Industries & companies Autos: Battered automakers lure buyers with steep incentives C FAANGs: Amazon Scooped Up Data From Its Own Sellers to Launch Competing Products W FAANGs: Google to Require All Advertisers to Identify Themselves W Pharma: Gilead Tumbles After Latest Data Leak on Virus Drug Trials B Pharma: Drugmakers Prepare to Make Coronavirus Treatments W Retail: Grocers Hunt Meat as Coronavirus Hobbles Beef and Pork Plants W Tech: Intel’s Earnings Rise as It Profits From Work-at-Home Computing Demand W Virus I Gates: The first modern pandemic The Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System Virus II Trump Muddles His Virus Response While Public Support Slides B U.S. states test safety of reopening as pandemic pushes jobless claims higher R New York antibody study estimates 13.9% of residents have had the coronavirus, Gov. Cuomo says C New York City’s top health official says confirmed coronavirus cases are ‘tip of the iceberg’ C Virus III Coronavirus Dies Fastest Under Light, Warm and Humid Conditions B Lilly to Start Testing Experimental Drug Soon W What If You Go Back to the Office and Get Covid-19? B Coronavirus live updates: Elizabeth Warren’s brother dies from Covid-19, malaria deaths could double C Corporate finance Sports-Betting Operator DraftKings Set to Go Public W Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say R

April 23 (Thursday) YRI Express Morning Briefing PDF  Daily Markets Markets U.S. Stocks Recover Some of Week’s Losses W The Bonds the Fed Left Behind in Coronavirus Bailout Are Struggling W Hedge Funds Suffer Largest Quarterly Withdrawals Since 2009 B Cash is king as U.S. quarterly reporting season gains steam R Commodities Oil jumps 19%, clawing back some of the recent losses C ‘We Pulled the Plug’: As Oil Prices Plunge, Drillers in the Gulf of Mexico Shut Off Wells W How Oil Markets Work, And Why Prices Fell Below Zero W Negative Oil Prices Pose Headache for Futures Giant CME W The oil ETF trying to avoid imploding on retail investors attempts another trick with reverse split C US America’s Middle Class Gets Hit With Office Jobs Disappearing B 11% of global CEOs fear their business won’t survive coronavirus: YPO survey C McConnell Says He Favors Allowing States to Declare Bankruptcy B Massive layoffs and pay cuts are likely coming to state and local governments as federal aid goes elsewhere C Regulator Moves to Ease Crunch at Mortgage-Finance Companies W US politics I Mnuchin Says ‘We Need to Spend What It Takes’ to Overcome Crisis W U.S. House expects to pass $500 billion coronavirus bill, avoids fight over remote voting R Small-Business Loan Fund May Run Dry Again. Is There Another Way? W Self-Employed Get Raw Deal in U.S. Multitrillion-Dollar Rescues B Emergency Grants to Small Businesses Average $4,360 W US politics II Trump Administration Boosts Pressure on Harvard Over Stimulus Funds W Princeton University Says It Won’t Take Federal Stimulus Money B Billionaire Trevor Milton’s Nikola Motor received $4 million from coronavirus small business fund C Europe Millions of Europeans Are on Paid Leave. Governments Are Picking Up the Tab. W Emerging Putin’s problems mount as coronavirus hits Russian economy R Industries & companies Airlines: Delta Reports First Loss in Five Years W Autos: Carmakers Headed for 50% Sales Plunge Can Breathe Sigh of Relief B Autos: U.S. auto sales begin recovery from March coronavirus drop: J.D. Power analysts R Autos: GM Shuts Down Car-Sharing Business W Consumer: PG&E CEO to Step Down After Tumultuous Year W Consumer: Kimberly-Clark’s Sales Top $5 Billion W FAANGs: Flaw in iPhone, iPads may have allowed hackers to steal data for years R FAANGs: iPhone SE: It’s for People Who Don’t Like New iPhones W Virus I In Georgia, a Divided View on Reopening Businesses W WHO warns: Coronavirus remains ‘extremely dangerous’ and ‘will be with us for a long time’ C Mortality Rates Tell True Tale of Coronavirus’s Effect W Singapore Built a Virus App, but It Hasn’t Worked So Far W Virus II Pence Says U.S. Will Be Prepared if Second Coronavirus Wave Hits W First U.S. Virus Death Came Weeks Before Previously Thought B Health Chief’s Early Missteps Set Back Coronavirus Response W Virus III More deaths, no benefit from malaria drug in VA virus study C SF expands testing to essential workers and uninsured residents, local governments left out of next US relief package C Hospitals Aim to Resume Procedures Postponed by Coronavirus W How Companies Are Finding Masks for Workers W Corporate finance A ‘Wave of Defaults’ Is Coming for Retail and Hotels, NYC Developer Says B Facebook Bets $5.7 Billion That Mobile Giant Holds Key to India W Victoria’s Secret Buyer Seeks to Cancel Takeover After Coronavirus W Offbeat Special Report: Peruvian coca farmers to Paris pushers, coronavirus upends global narcotics trade R

April 23 (Wednesday) YRI Express Morning Briefing PDF  Daily Markets Markets Stock futures rise, rebounding from two days of steep losses C Oil-Price Crash Deepens, Weighs on Global Markets W Saudi Oil Stranded in Supertankers as Backlog Piles Up W U.S. energy secretary to urge House lawmakers to buy oil for strategic reserve R Central banks ECB May Discuss Junk Debt Collateral in Call on Wednesday B US Coronavirus Sends One-Fifth of Workers to Unemployment Line in Some States W What America Can Do to Fight Mass Unemployment N Americans Pulled Back From Home Purchases in March as Coronavirus Spread W Opinion: This is the one leading economic indicator stock investors should follow MW China Low Returns on Cash Squeeze Chinese Savers Out of Comfort Zone B Japan Japan’s Inflation Obsession Fades in Effort to Cope With Virus B US politics Senate passes $484 billion coronavirus bill for small business and hospital relief, testing C Small Business Administration Declines Loan Disclosure W The Public Companies That Got Small Business Loans W States should say ‘no thanks’ to a federal bailout Geopolitics & trade China’s Coronavirus Diplomacy Has Finally Pushed Europe Too Far B China Called Out in U.S. Warning Over Emerging Market Investing B Senate Report Affirms U.S. Intelligence Findings on 2016 Russian Interference W Industries & companies FAANGs: Netflix has replaced TV as the center of American culture — just look at the viewership numbers C FAANGs: Netflix Adds 16 Million New Subscribers W FAANGs: Netflix boom, lack of sports will accelerate cord-cutting, Ben Silverman says C FAANGs: Netflix says these three effects of the coronavirus crisis are impacting its business C Financials: LendingClub slashes roughly 30% of workforce as Covid-19 dampens demand for loans C Financials: Travelers Posts Lower Profit as Catastrophe Losses Rise W Media: Disney+ has a big fan: Netflix CEO Reed Hastings C Media: AT&T’s WarnerMedia to Launch HBO Max W Restaurants: Chipotle’s Online Orders Surge, But Costs Hit Profit W Tech: Snap Revenue Soars With Users Stuck at Home W Wireless: Pandemic Builds Momentum for Broadband Upgrade W Virus I Political wrangling, controversy mark re-opening of U.S. states R Some States Look to Reopen, but Others Want More Testing First W Barr Threatens Legal Action Against Governors Over Lockdowns B Far-Right Social Media Helps Stir Protests Over Quarantines B Virus II White House health advisor says Americans need to prepare for more deaths as coronavirus outbreak moves past peak C Singapore Had a Coveted Virus Plan. What Went Wrong? W Seven confirmed COVID-19 cases linked to Wisconsin’s April elections R Virus III Trump immigration ban halts green cards, not temporary visas C Trump to Bar Immigration for Family of U.S. Citizens, Foreign Workers for 60 Days W Trump Administration Slow to Distribute Coronavirus Aid to Hospitals W Trump says coronavirus hospital ship USNS Comfort will leave New York City C

April 21 (Tuesday) YRI Express Morning Briefing PDF  Daily Markets Markets Stock futures rise slightly as oil prices stabilize C Stock market today: Dow drops more than 500 points to start the week after historic oil plunge C Emerging Markets Have Never Experienced A Crisis Like This Before B Leveraged ETF Trading Surge Means Japan Stocks Calm May Not Last  B Commodities U.S. Oil Costs Less Than Zero After a Sharp Monday Selloff W U.S. crude futures up over $20, but still trade in negative territory R This oil price crash isn’t as bad as it seems — here’s why C The oil industry has never been in a crisis quite like this and many producers will not survive C US States Burn Through Cash for Unemployment Payments W U.S. Senate sees possible Tuesday coronavirus vote, Pelosi said optimistic R In Race for Small-Business Loans, Winning Hinged on Where Firms Bank W Shake Shack to Return $10 Million Coronavirus Stimulus Loan W Coronavirus Deepens Millennials’ Feeling They Can’t Get a Break W China China Creditor Squeeze Prompts Slowdown in Record Bond Defaults B China Raises Easing Coronavirus Border Controls With Other Countries W Geopolitics & trade Why America desperately needs a ‘hard decoupling’ from China P Industries & companies Aerospace: The oil plunge is the last thing Boeing and Airbus needs on top of the coronavirus pandemic C Autos: GM, Ford Credit Arms May Lose Billions on Car-Price Plunge B FAANGs: Amazon warehouse workers plan national coronavirus protest C FAANGs: As Google becomes key infrastructure for new coronavirus relief, old issues haunt it C Financials: Goldman Sachs looks for good borrowers, depositors in the cracks of coronavirus R Hotels: Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays B Media: ESPN Michael Jordan documentary “The Last Dance” drew 6.1 million C Retail: ‘It’s Black Friday in April’ as Closed Stores Get Desperate to Unload Spring Clothes W Tech: IBM Reports Falling Revenue, Pulls Forecast on Virus Woes B Virus I Fauci to Protesters: No Coronavirus Control, No Economic Recovery B The Critical Variable in Keeping Coronavirus in Check: Reproduction Ratio W Coronavirus Contact-Tracing Teams Grow, as States Hope to Reopen W Virus II Georgia’s governor says some shuttered businesses can reopen Friday C Tennessee preps to reopen, conducts more prison mass testing C Coronavirus live updates: Georgia governor says some businesses can reopen, California town to test every resident C Coronavirus antibody testing shows LA County outbreak is up to 55 times bigger than reported cases C Virus III Opinion | The Story of Remdesivir N White House Uses Defense Production Act to Get Virus Test Swabs B Coronavirus: Fourth-generation GM worker builds US supplies like his great-grandfather did during WWII C Virus IV Businesses Strive to Reopen From Coronavirus Shutdown W To Get Back to Work, Companies Seek Coronavirus Tests for Workers W Coronavirus Contract Disputes Start Hitting the Courts W Coronavirus Spreads to Farms, Packaged-Food Plants W Offbeat Work will transform after this crisis