wiar 03-13-20

MFwebsite2020researchWhat I Am Reading

March 13 (Friday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview YRI press Why the Bear Won’t Depart Until Midyear BR Markets Stock futures point to more losses Friday following market’s worst day since ‘Black Monday’ C Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash C Historic market plunge: Traders describe a day that went from ‘uncertainty to panic C The five biggest tech companies lost more than $400 billion in value on Thursday C Credit & commodities The credit markets are signaling a bigger problem is afoot despite the Fed’s interventions C Oil Markets Point to a Lasting Glut of Crude W Oil prices keep tumbling, with no sign of stopping NN Low oil prices could damage the US economy NN Central banks Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets W Explainer: Fed may go into its crisis tool kit soon. What’s in it? R ECB Steps Up Stimulus, but Doesn’t Cut Rates W Global Economists See Rising Risks Of Recession World-Wide W US Coronavirus Looms Over Crucial Spring Season for Housing Market W US politics Trump Could Sign a Coronavirus Emergency Declaration Thursday W Industries & companies Airlines: Airline stocks crushed after Trump announces Europe travel ban C FAANGs: Amazon tells all employees to work from home if they can C Financials: Everything Is Going Wrong All at Once for U.S. Banks W Financials: Dash for Cash On as Corporate Titans Draw Down Credit Lines B Homebuilders: There’s a tail wind in sight for the struggling homebuilders, traders say C Media: Sports TV Networks Take Hit as Leagues Suspend Operations W Geopolitics & trade US strikes Iran-backed group that hit Iraq base, officials say C Virus I U.S. Hospitals Face Major Challenges as Coronavirus Spreads W How China Slowed Coronavirus: Lockdowns, Surveillance, Enforcers W Italy and South Korea virus outbreaks reveal disparity in deaths and tactics R U.S. should ‘wait and see’ on fiscal help for companies, ex-Treasury Sec. Jack Lew says C White House Evaluates Trump Exposure to Coronavirus W Virus II Virus Forces Curbs on Travel, Gatherings W Europe Criticizes U.S. Travel Ban; Airlines Rush to Respond W Coronavirus live updates: France shutters schools, New York bans gatherings over 500 C Broadway To Close as Coronavirus Grips New York’s Cultural Icons B MLB, NHL Suspend Play W Princess Cruises Cancels All Voyages for Two Months W Coronavirus Conference Gets Canceled Because of Coronavirus B Disney and Universal close California parks in March to help halt spread of coronavirus C Mormon Church Cancels Services World-Wide Amid Coronavirus Crisis W Offbeat Millennials’ Passions Have Yet to Affect How They Invest W

wiar 03-12-20

MFwebsite2020researchWhat I Am Reading

March 12 (Thursday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Dow Jones Industrial Average’s 11-Year Bull Run Ends W As S&P 500 selloff approaches 20%, what next? R China Stock Market Turns Defensive In Sign Sentiment Is Shifting B Credit & commodities Treasury Yields Climb to Cap Day of Wild Swings W Japanese Go on Record Shopping Spree for Overseas Bonds B Saudi Arabia’s Crown Prince Tanked Oil Markets. Here’s the Back Story. W U.S. crude output growth to slow, oil prices to slump R Don’t Be Fooled By The Oil Price Rebound Central banks Lagarde Set for All-Out ECB Action on Virus: Decision Day Guide B Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post R US Economists Start Forecasting Negative U.S. GDP Numbers on Coronavirus B Citigroup’s Corbat says ‘this is not a financial crisis’ during Trump meeting with Wall Street execs C Trump’s Answer to the Oil Crash Could Be a Tax on Saudi Crude B Coronavirus May Light Fuse on ‘Unexploded Bomb’ of Corporate Debt N US politics Trump’s radical plan to waive payroll tax would punch hole in Social Security, Medicare budgets R Treasury recommends Trump Administration delay the April 15 tax deadline C Industries & companies Aerospace: Boeing halts hiring, limits overtime to preserve cash, stock falls most since 1974 C Autos: Coronavirus raises fears of U.S. auto sales slowdown, but production not suffering yet R FAANGs: Amazon Battles Counterfeit Masks, $400 Hand Sanitizer Amid Virus Panic W Financials: ‘Rent-a-Banks’ Defy States’ Growing Efforts to Curb High-Cost Lending W Health Care: Opinion: As Bernie Sanders is essentially finished, health-care stocks are screaming buys MW Pharma: Coronavirus Spurs U.S. Efforts to End China’s Chokehold on Drugs N Travel: Travel industry could lose $24 billion as coronavirus cripples tourism from outside US C Virus I Coronavirus Declared Pandemic by World Health Organization W Trump cancels all US travel to and from Europe NN After Containment Fails, Italy’s Neighbors Shift to Epidemic Management W Italy Shuts Down All Non-Essential Services as Virus Toll Rises B China shuts all 16 temporary coronavirus hospitals in Wuhan P Exclusive: White House told federal health agency to classify coronavirus deliberations – sources R Lack of Sick Time Worries Workers as Coronavirus Looms W Amazon Expands Coronavirus Sick-Leave Policy W Amazon and Gates Foundation may team up to deliver coronavirus test kits to Seattle homes C Virus II Coronavirus disrupts U.S. schools, sports, late-night television R CME Group to close Chicago trading floor as a precaution due to coronavirus C Stop the Music: South by Southwest Coronavirus Cancellation Reverberates Through Economy W NCAA March Madness basketball games will be played without fans C Offbeat The Wealth and Health of Nations How to Stock Up for Coronavirus Without Getting Fleeced W Sorry, but Working From Home Is Overrated N

wiar 03-11-20

MFwebsite2020researchWhat I Am Reading

March 11 (Wednesday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Dow futures point to a loss of 400 points after Tuesday’s surge C Dow rallies more than 1,100 points in a wild session, halves losses from Monday’s sell-off C Inside Saudi Arabia’s Decision to Launch an Oil-Price War W Global Virus Confronts Global Economy With Tough Recovery W US Warning Bells Sound for U.S. Economy As Virus Squeezes Ports B U.S. Recession a Coin Toss as Chances Climb to 53% Within Year B US politics Trump Tells GOP He Wants Payroll Tax Waived Through Election B Lawmakers Rebuff Trump on Payroll-Tax Suspension for Outbreak W White House won’t explain how it would pay for Trump’s proposed payroll tax holiday C Joe Biden wins Missouri Democratic primary, NBC News projects, another key win for the former VP C Industries & companies Airlines: Airlines Trim Flights; Executives Take Pay Cuts W Pharma: Regeneron, Sanofi to Test Arthritis Drug as Coronavirus Treatment W Virus U.S. Steps Up Coronavirus Fight with Containment Area W Top financial advisory firm warns clients about coronavirus ‘complacency’ in Congress C How China Slowed Coronavirus: Lockdowns, Surveillance, Enforcers W Coronavirus live updates: China reports 22 additional deaths, Italy cases top 10,000 C China’s Other Health Crisis Still Isn’t Fixed W How Biogen’s Meeting Spread Virus in Massachusetts and Beyond W Coachella Music Festival Postponed Until October W Technology Fever-Detecting Goggles and Disinfectant Drones: Countries Turn to Tech to Fight Virus W Coronavirus Prompts Hospitals to Fast-Track Telemedicine Projects W Offbeat What Benjamin Graham Would Tell You to Do Now: Look in the Mirror W Why Rational People Are Panic Buying as Coronavirus Spreads B People are stealing hand sanitizer and surgical masks from doctors’ offices because of coronavirus fears C Supermarkets Ration Supplies as Coronavirus Fear Empties Shelves W

wiar 03-10-20

MFwebsite2020researchWhat I Am Reading

March 10 (Tuesday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets I Dow futures rise more than 300 points, erase 400-point loss after Trump floats payroll tax cut C Stocks Fall More Than 7% in Dow’s Worst Day Since 2008 W The Markets Are Awful, But at Least They Work—for Now W Here are the milestones and firsts from the markets’ historically bad day C Markets II Tech’s big five lost over $320 billion of value in Monday’s market crash; Apple plunged 7.9% C Bank Stocks Plunge Along With Oil Prices W Investors Rush Into Bonds to Shelter From Market Storm W Oil plunges 25%, hit by erupting Saudi-Russia oil price war R Central banks Money markets wary, not yet flashing red as Fed offers tonic R Fed’s Crisis-Era Playbook Could Guide Response W US Growth will be a thing of the past if businesses choose ‘net zero’ Jim Cramer: Four steps the federal government should take to stave off coronavirus-induced recession C China Halting the No. 2 Economy Was Easy. Restarting It Is Hard. W US politics Trump pushes payroll tax cut and assistance for hourly workers in coronavirus economic response NN Industries & companies Airlines: Global Fear of Flying Spawns Crisis for Airlines W Geopolitics & trade Virus Clouds China’s Prospects to Meet U.S. Trade Commitments W U.S. Chip Industry Fears Long-Term Damage From China Trade Fight W Corporate finance Insurance Broker Aon Strikes Year’s Biggest M&A Deal on Tumultuous Markets Day W Virus Coronavirus Symptoms Start About Five Days After Infection, New Research Finds W Coronavirus Epidemic Is Close to a Pandemic, WHO Says W Italy Extends Virus Containment Measures to Entire Country W Virus II Opinion: Fear is the virus that’s really dangerous MW What you need to know about coronavirus right now R Trump had contact with congressmen Collins and Gaetz before they self-quarantined over coronavirus concerns C Cheering cruise passengers return to California; now comes coronavirus quarantine R Offbeat The psychology behind why toilet paper, of all things, is the latest coronavirus panic buy NN

wiar 03-09-20

MFwebsite2020researchWhat I Am Reading

March 09 (Monday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Markets Face ‘Full-Blown Crisis’ With Oil Adding to Virus Shock B Bull Market Faces Tough Test as It Turns 11 W The Dow Will Bounce Back. History Tells Us When. BR What Stocks Should You Buy Right Now? These 12 Have High Dividend Yields for Market Turmoil. BR What to Do When Even Safe Havens Aren’t Safe BR Credit & commodities U.S. Treasury Yields Keep on Plummeting BR OPEC deal collapse sparks price war: ‘$20 oil in 2020 is coming’ C Saudi Arabia slashes April crude oil prices after OPEC’s supply pact collapsed R Saudis Instigate Oil-Price Clash With Russia W Global Coronavirus Risk Rises for U.S., Global Economies W China’s Exports Plunge Amid Coronavirus Epidemic W Central banks The Rate-Cut Drug Might Not Cure Ailing Market BR US The Full Impact of Coronavirus Is Unknown. Here Are Ways to Boost the U.S. Economy. BR What the U.S. Government Can Do to Fight the Economic Impact of Coronavirus BR U.S. Economists Are Reassessing Their Forecasts for Coronavirus. It’s Not Pretty. BR Coronavirus Spread Could Halt Robust U.S. Job Gains W Workers Could Be In Danger. Here’s the Coming Data That Will Tell the Story. BR Startups Pitch Tech Hubs Far from Silicon Valley W US politics Sanders needs Michigan win in U.S. presidential race, but Biden looking strong with key voting blocs R Kamala Harris endorses one-time rival Joe Biden’s White House bid C Geopolitics & trade Huawei Takes Its Case to the People in Australia W Industries & companies Aerospace: Boeing’s New CEO Regrets Blasting Predecessor as Backlash Grows B FAANGs: Amazon is secretly working on a cure for the common cold C Pharma: Coronavirus Outbreak Could Disrupt Drug Companies’ Clinical Trials BR Tech: Tech Firms Seek to Head Off Bans on Facial Recognition W Utilities: This Old Metal Hook Could Determine Whether PG&E Committed a Crime W Corporate finance Aramco trades below IPO price for first time, after OPEC pact unravels R Virus I Virus spread slows ex-Wuhan R Fauci Says Sense on Coronavirus Scope Is ‘Not Encouraging’ B The Number of U.S. Coronavirus Cases Keeps Growing and New Cases Outside China Top 3,000, WHO Data Show BR Why there’s still no single, accurate coronavirus death rate Vox There Is a ‘Tipping Point’ Before Coronavirus Kills B Social Distancing Is New Coronavirus Buzz Phrase. Does It Work? W Virus II Squandered time: How the Trump administration lost control of the coronavirus crisis WP Overregulation is making the coronavirus outbreak even more dangerous P Italy’s Coronavirus Lockdown Met With Confusion, Questions About Enforcement W ECB tells staff to work from home in coronavirus test R Corporate America Races to Respond to a Crisis That Upends Work W Uber, DoorDash and Others Discuss Fund for Drivers Affected by Coronavirus W Virus III Coronavirus may force Americans to avoid crowds, brace for quarantines, health official warns R Coronavirus live updates: Washington state weighs mandatory measures to contain outbreak C New York declares state of emergency over coronavirus outbreak C Virus-hit cruise ship off California’s coast will dock in Oakland C U.S. financial regulators start contingency planning as virus reaches Washington R Offbeat History’s deadliest air raid happened in Tokyo during World War II and you’ve probably never heard of it NN March Madness Will Go On, but in a Worst Case, Without Mad Fans W

wiar 03-07-20

MFwebsite2020researchWhat I Am Reading

March 07 (Saturday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Coronavirus concerns drag down Wall Street, but indexes eke out weekly gains R Yes, Bonds Could Still Rally, Even With Yields Below 1% BR U.S. Yields Hurtle Toward Zero With Thin Market Stunning Traders B The plunge in bond yields is scary now but could be helpful later C Fear Isn’t Only Driver of Treasury Rally: Banks Need to Hedge Their Mortgages W Oil Prices Plunge After Russia-Saudi Split W Central banks The Fed’s emergency rate cut was a big mistake NN US U.S. job growth robust before coronavirus outbreak hit shores R US politics Trump names Mark Meadows White House chief of staff, replacing Mick Mulvaney C Biden racks up endorsements as Sanders goes on the attack in U.S. presidential race R Bernie Sanders Says Joe Biden Could Beat Donald Trump in 2020 B Industries & companies Aerospace: Congressional Report Faults Boeing on MAX Design, FAA on Oversight W FAANGs: Facebook Removes Trump Campaign’s ‘Census’ Ads W Virus I Trump Signs Coronavirus Spending Bill W White House considers tax relief for airlines, travel firms amid coronavirus R Standard U.S. economic weapons may be inadequate for coronavirus crisis R Amazon removes hundreds of thousands of ‘high-priced offers’ amid coronavirus price gouging C Biotech Companies Tap AI to Speed Path to Coronavirus Treatments W Virus II New CDC guidance says older adults should ‘stay at home as much as possible’ due to coronavirus NN Trump says, ‘Anybody who wants a test gets a test’ after Pence says US can’t meet coronavirus testing demand C VP Pence says 21 coronavirus cases on California Grand Princess cruise ship C SXSW canceled due to coronavirus after Austin declares ‘local disaster’ C Scientists Say Coronavirus Mutations Aren’t More Deadly or Contagious W How It All Started: China’s Early Coronavirus Missteps W Offbeat Made-in-China Censorship for Sale W

wiar 03-06-20

MFwebsite2020researchWhat I Am Reading

March 06 (Friday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Dow tanks more than 950 points as Wall Street’s roller-coaster week continues C Wall Street drops over 3% on virus fears, travel shares slammed R Wall Street Stock Pros Fess Up: ‘We Don’t Know What’s Going On’ B Treasury 30-Year Bond Yield Falls Below 1.5% for First Time B Central banks Fed’s Kaplan: New infections key factor for rate decision R US Mortgage Rates Hit Record Low, but Coronavirus May Deter Buyers W Venture firm Sequoia is sounding the alarm about the economy again as coronavirus spreads C Europe Coronavirus Fallout Puts Italy at Risk of Recession W US politics Biden Surges by Expanding the Democratic Electorate W Biden Tax Plan Targeting Top Earners Would Raise $4 Trillion in 10 Years, Study Says W Warren ends White House bid, leaving Biden, Sanders to fight for Democratic nod R Elizabeth Warren’s Exit Spurs Competition for Her Voters W Virus I Virus Snarls Trans-Pacific Shipping, Ripples Through U.S. Business W U.S. financial companies prep for new normal amid coronavirus outbreak R Traders shipped to suburbia as banks activate coronavirus firewalls R Lawmakers Say Banks Need Guidance on Virus-Related Workarounds B Capitol Hill Stays Open as Lawmakers Fret About Working in ‘Petri Dish’ W Costco Rides Coronavirus-Fueled Panic Buying W That $400 Bottle of Hand Sanitizer Is Very Hard to Police B Virus II Online Map Tracks Coronavirus Outbreak in Real Time W How the Coronavirus Spread From One Patient to 1,000 Now Quarantined in New York W Schools Shut in Seattle Area as Virus Spreads W Coronavirus hits two more U.S. states R Coronavirus live updates: US cases jump to 197, deaths now total 12 C Offbeat JPMorgan CEO Dimon Has Emergency Heart Surgery B Corporate finance HP Rejects Xerox’s Raised Takeover Offer W

wiar 03-05-20

MFwebsite2020researchWhat I Am Reading

March 05 (Thursday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) YRI Press Dow tops 1,000 points as market rallies off Biden Super Tuesday win C Markets Stocks Climb on Spending to Combat Coronavirus, Biden Primary Victories W Wall Street surges on Biden bounce R Stocks Rally on U.S. Virus Spending, Stimulus Bets B The market is rallying now, but these indicators will show when the selling is really over C Russia Opposes Saudi Plan for Drastic Oil Cuts W Central banks Global economic growth slowdown from coronavirus will be more significant than previously thought, IMF chief says MW Central banks Analysis: Why the Fed Is Likely to Cut Again W Fed’s Bullard Tells Bloomberg TV March Rate Cut Isn’t a Done Deal W Fed Beige Book reports first negative impact of coronavirus on U.S. economy MW Fed Rate Cut Puts ECB in Hot Seat W China Stimulus Shot, BOE Pressure, U.S. Emergency Bill: Eco Day B US U.S. Service Industries Feel Weight of Coronavirus Uncertainty W Mortgage Lenders Are Hiring Like Mad to Handle Demand as Rates Plunge B U.S. Delays Changes to Economic-Data Releases Beyond Next Week B US politics Biden gets new boost as Bloomberg drops out R Sanders Faces Unforgiving Map in Trying to Derail Biden Momentum B Elizabeth Warren Plots Next Move After Disappointing Super Tuesday W Virus I Italy Shuts All Schools to Stem Virus’s Spread W Iran’s Neighbors Struggle to Stop Coronavirus at Their Borders W First a School Trip Abroad, Then the Coronavirus. Now a City Is Shaken W Coronavirus Spreads in California, New York as U.S. Death Toll Rises to 11 W Virus II NY Gov. Cuomo confirms 5 new cases of coronavirus: ‘This is literally like trying to stop air’ C House passes $8.3 billion emergency coronavirus spending plan C Hospitals Use Telemedicine to Minimize Contact With Virus Patients W Coronavirus Is Devastating the Conference Circuit W Campbell Soup is increasing production to prepare for coronavirus demand C Industries & companies Autos: GM Lays Out Its Electric Future W Autos: Toyota Recalls 3.2 Million Vehicles Globally to Fix Fuel Pumps B Health Care: Health-Care Stocks Are Big Super Tuesday Winner W Corporate finance Marketing Software Firm Zeta Global Eyes IPO—Once Again W Offbeat Working From Home Because of Coronavirus? These Are Your Tech Fixes. W Video: Biden mixes up wife and sister in Super Tuesday speech NN Before and after images highlight the severity of destruction in Nashville NN

wiar 03-04-20

MFwebsite2020researchWhat I Am Reading

March 04 (Wednesday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Dow plunges more than 700 points despite the Fed cutting rates C 10-year Treasury yield falls below 1% for the first time after Fed slashes rates due to coronavirus C Central banks Federal Reserve Cuts Rates by Half Point W The Fed has no tools for an outbreak, but it acted anyway. Here’s why. N Even after a half-point rate cut, the market is expecting the Fed to do a lot more C Trump demands ‘more easing and cutting’ after Fed slashes rates amid coronavirus outbreak C Fed virus-driven cut may test new approach to inflation[: opportunistic reflation]  R What Market Didn’t Like About Powell: Scant Tools, Short Answers B Exclusive: G7 to make no direct calls for fiscal, monetary support in coronavirus statement: sources R Virus I WHO says coronavirus death rate is 3.4% globally [of reported cases], higher than previously thought C New York officials confirm second case of coronavirus in state, identify case as community spread[, linked schools closed] C A second case in New York may force a hospital to quarantine its staff. N US coronavirus deaths climb to 9 as Washington state confirms new fatalities C Virus Study Finds Most Risk Among Family, Less for Others B Coronavirus Misinformation Lives Online, Despite Efforts to Stamp It Out W Virus II World Bank announces up to $12 billion in immediate funds for coronavirus R More U.S. Coronavirus Travel Restrictions Coming, TSA Chief Says B Ford Bans Business Trips, Discloses Two Employee Virus Cases B JPMorgan Tests U.S. Virus Plan With Thousands Working From Home B Coronavirus Poses Dilemma for Workers Who Risk Losing Pay W U.S. Weighs Paying Hospitals for Treating Uninsured Virus Patients W US politics Sanders Seeks to Ward Off a Newly Resurgent Biden W Scared of Sanders presidency, Wall Street Dems double down on moderates R Google Pulls Down Political Ads as Candidates Keep Pushing Limits B Industries & companies FAANGs: Facebook Weighs Libra Revamp to Win Over Reluctant Regulators B Pharma: Insulin Giant Aims to Unlock Elusive Obesity-Drug Market W Retail: Retailers Confront Coronavirus Uncertainty W Corporate finance Thermo Fisher to Buy Diagnostic Company for $10.1 Billion W

wiar 03-03-20

MFwebsite2020researchWhat I Am Reading

March 03 (Tuesday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Stocks Rebound, With Dow Industrials Rising 5% on Stimulus Hopes W Dow roars back from coronavirus sell-off with biggest gain since 2009, surges 5.1% C For signs that the stocks panic is over, watch bonds R Managed Care Stocks Jump After Klobuchar Exit Dents Sanders Bid B Commodities Coronavirus Hits Once-Isolated U.S. Natural Gas Market W Central banks With the Fed expected to ease, doubts arise over whether rate cuts will help C Global China’s Coronavirus Freeze Threatens the Global Economy NYT Global Manufacturing Shrinks Most Since 2009 on Virus Pain B Global Growth to Slow Sharply as Virus Takes Heavy Toll, OECD Says W US U.S. manufacturing sector stalls as coronavirus hits supply chains R US politics What Sanders’ ‘Medicare for All’ proposal actually says NN Buttigieg will join Klobuchar in endorsing Biden NN Sen. Amy Klobuchar will drop out of the presidential race, endorse Joe Biden C Hillary Clinton must testify in email case, judge rules C Geopolitics & trade U.S. Orders Chinese State Media to Cut Staff in U.S. by 40% B Industries & companies Financials: Coronavirus Heaps Misery on Europe’s Ailing Banks W Media: AT&T Adds Another TV Option to Lure Cord-Cutters W Pharma: Gilead Sciences to Buy Forty Seven for $4.9 Billion W Virus China’s Wuhan closes coronavirus hospital as officials hail drop in new cases R Virus Cases Grow Outside China, Where Pace Slows N Seattle-area officials report new coronavirus deaths, bringing US total to 6 C Offbeat Nothing Gets the Search Queries Going Faster Than a Crazy Market B How Iraq Pulled Off One of the Biggest Sovereign Debt Restructurings of All Time B