March 02 (Monday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Dow futures drop 200 points, indicating another rough week ahead for Wall Street C Shrinking Profit Prospects Add to Threat for Stocks W JPMorgan, Citi and Goldman Sachs all believe there hasn’t been enough pain to call a bottom yet C The Dow Had Its Worst Week Since 2008. Where to Find Cash-Rich Stocks in the Coronavirus Selloff. BR Health Care Stocks Aren’t Alone in Getting a Coronavirus Boost W Reinstating [uptick] rule would help the market more than a rate cut, Leon Cooperman says C Asian markets extend falls as coronavirus spreads R Credit & commodities Implied yield on U.S. 10-Year treasury futures trading below 1% for first time R Negative U.S. Yields Are in Sight as Virus Spurs Recession Bets B Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact R Oil’s Collapse Interrupted by Russian Commitment on Output Cuts B Central banks Goldman now sees the Federal Reserve getting even more aggressive in the face of coronavirus scare C U.S. bank lobby economist predicts global rate cut coming … this Wednesday US U.S. officials talk down coronavirus market panic, tout economic strength R Virus recession? Top economist Ed Hyman sees zero US growth the next two quarters C China China’s Push to Jump-Start Economy Revives Worries of Fake Data B China Purchasing Indexes Drop to Record Lows W Coronavirus Is Hitting China’s Economy Harder Than Expected BR HNA, Hit by the Coronavirus, Is Effectively Taken Over by the Government W As Coronavirus Hits China’s Car Sales, Auto Makers Take Show Online W US politics Biden Wins South Carolina Democratic Primary W Businesses Fret Over Potential Bernie Sanders Presidency W Warren’s Ground Game Faces Biggest Test on Super Tuesday W Pete Buttigieg is dropping out of the 2020 Democratic presidential primary C Virus I Coronavirus Is Different. It’s Rapidly Hitting Supply and Demand. W By the Numbers: How the Coronavirus Epidemic Is Hitting Businesses Around the World W Coronavirus Is Disrupting Supply Chains. These Industries Are Most Vulnerable. BR How the Coronavirus Will Challenge the Health-Care Industry BR Big Drugmakers Warn About Coronavirus Impact on Business W Pandemic Panic Fattens Fortunes in Health Care and Tech B Coronavirus to Test Small-Business Optimism W What Big Companies Are Doing to Prepare for Coronavirus Fallout BR Virus II Ex-FDA Chief Expects U.S. Coronavirus Cases to Jump Rapidly B ‘This Will Be a Long Battle’: More Countries Report First Coronavirus Deaths W New York confirms first coronavirus case; U.S. ramps up preparations R New York State, California Report New Cases: Virus Update B Trump Team Testing ‘Off-the-Shelf’ Drugs to Cure Coronavirus B Gilead Sciences Could Have a Coronavirus Cure. Could It Also See a Shakeup? BR U.S. Surgeon General Urges People to ‘Stop Buying Masks’ B Geopolitics & trade Turkey’s Killer Drone Swarm Poses Syria Air Challenge to Putin B Huawei Seeks Advisers for U.S. Image Makeover W Industries & companies Financials: AmEx Staff Misled Small-Business Owners to Boost Card Sign-Ups W Media: How Bob Iger Unified Disney’s New Magic Kingdom W Tech: How Venture Capital Became Intel’s Answer to ‘Massive Disruption’ BR Telecom: Walmart, Verizon in Talks to Test 5G Services in Some Stores W Telecom: T-Mobile Vows to Fight FCC Fines for Location Sharing W Offbeat Homes along Lake Erie are covered in ice following two days of gale-force winds NN
wiar 02-29-20
February 29 (Saturday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Dow falls 350 points Friday to cap the worst week for Wall Street since the financial crisis C Stock market Friday recap: Dow loses 3,500 points on week, closes off lows, Fed pledges support C A historically bad week for the market saw a little bit of everything, except panic C Think the S&P 500 is in bad shape? Its components look worse R As Markets Fall, Ask Yourself if Now Is the Time to Buy W From Reagan to Trump: Here’s how stocks performed under each president NN Credit Treasury Yields Hit New Lows, With 10-Year Touching 1.127% W Plunging rates in the US are rewriting the history books C Central banks Powell says Fed ready to act as coronavirus poses ‘evolving’ economic risks R Fed: Will ‘Act as Appropriate to Support the Economy’ W Powell’s ‘Whatever It Takes’ Moment Is Here, But Will It Work? B Fed’s Bullard Open to Rate Cut, But Leans Against It W Cooling consumer spending, inflation put spotlight on Fed amid coronavirus R Central banks may mount a coronavirus rescue. It may not be enough R US Forecasters Downgrade U.S. Economic Outlook as Virus Spreads B Why America’s personal-saving rate is unusually high E China Baidu Warns of Revenue Drop, Signaling Trouble for China’s Private Sector W US politics Trump Considering New Steps to Take On Coronavirus W White House considers tax cuts, extra Fed pressure in coronavirus response, report says C Trump says he hopes the Fed gets involved ‘soon’ to combat market sell-off from coronavirus C Trump Wins Court Ruling on Resisting Congressional Testimony B Trump Again Selects Rep. John Ratcliffe to Be Intelligence Chief W Virus I Bill Gates: Coronavirus may be ‘once-in-a-century pathogen we’ve been worried about’ C Coronavirus live updates: Fears fuel sell-off, new California case, CDC unveils new test kits C U.S. Raises Italy Travel Advisory; Rate Cut Eyed: Virus Update B Which countries currently have coronavirus travel restrictions in place? Italians Are Being Treated as a Risk Abroad W Italian Churches Go Into Quarantine W As Iran’s Leaders Contract Coronavirus, Doubts Emerge Over National Tally W Virus II What We Know About the Coronavirus, From Symptoms to Who Is at Risk W Widespread Coronavirus Cases Could Tax U.S. Hospitals W How to Prepare for the Coronavirus W Quarantined, But Still Logged On W Virus III Hoarding in the USA? Coronavirus sparks consumer concerns R FDA Cites Shortage of One Drug, Exposing Supply-Line Worry W An Industry by Industry Look at the Virus’s Impact W Clorox CEO Sees Higher Sales of Cleaning Wipes as Virus Spreads B Industries & companies Energy: World’s Biggest New Oil Find Turns Guyana Upside Down W Offbeat Elon Musk tells a room full of Air Force pilots: ‘The fighter jet era has passed’
wiar 02-28-20
February 28 (Friday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) YRI Press Video: Why Ed Yardeni says this sell-off is a short-term market ‘panic attack’ C Markets I Stock futures point to more losses after Thursday’s massive tumble amid coronavirus fears C Dow plunges 1,100 points, bringing its decline from a record high to more than 10% C What’s moving the market right now: Dow plunges 1,100, worst point drop in history, will Fed act? C Among the Best Performers in the Market’s Rout: Chinese Stocks W Industrial Commodities Extend Slide as Coronavirus Dents Demand W Markets II U.S. Coronavirus Outbreak Would Pose Risk to Record Expansion W Here’s how long stock market corrections last and how bad they can get C Not Trying ‘to Be Heroic’ But We’re Buying, Fund Manager Says B Central banks Fed seen cutting rates amid virus threat, low inflation R Fed’s Evans Says Too Soon to Say if Coronavirus Shock Needs Rate Cut W Fed Can’t Inoculate Economy From Coronavirus W US U.S. Business Investment Rose Ahead of Coronavirus W U.S. economy grows steadily in fourth-quarter, but coronavirus looms large R Housing to Get a Jolt With Virus Pushing Down Mortgage Rates B Virus I Biggest companies say coronavirus caused ‘major decrease’ in China demand: CFO survey C The virus is coming E Breakingviews – Breakdown: Coronavirus goes global R Why Coronavirus Spreads So Fast: Symptoms Are Mild and People Are Global W India’s Fragile Economic Rebound Faces New Risk From Coronavirus B Extended China Factory Shutdowns to Hurt Indian Production Lines B Virus II White House Wants Signoff on Coronavirus Messaging W Trump Says He’s Doing ‘Incredible Job’ Handling Coronavirus B Mixed messages, test delays hamper U.S. virus response R Investment advisors worry U.S. response to coronavirus is too little too late R HHS whistleblower claims US workers received coronavirus evacuees without proper precautions NN Virus III If coronavirus spreads within the US, here’s how daily life might change NN A Seattle-area school was closed for cleaning after a staff member’s relative was tested for coronavirus NN U.S. Holds Off Urging Face-Mask Use But Virus Fears Fan Sellout B Did a 1981 Dean Koontz novel predict the coronavirus? P Europe Europe looking for positive signal from U.S. on trade: EU lawmaker R China Baidu’s Profit and Revenue Rise W US politics Here’s what a Sanders-Trump map could look like NN You better believe Nancy Pelosi has a Bernie Sanders strategy NN Industries & companies Telecom: FCC Probe Finds Mobile Carriers Didn’t Safeguard Location Data W Telecom: Senate OKs $1 Billion for Rural Telecom Carriers to Replace Huawei Gear W
wiar 02-27-20
February 27 (Thursday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Stock futures fall on report of first US coronavirus case of unknown origin C Dow falls more than 100 points as market’s attempt to rebound from sell-off fails C Wall Street falls more slowly as investors parse coronavirus fears R Trump says ‘quite a bit’ of sell-off is fear a Democrat will win election, along with coronavirus C Goldman, Citi Strategists Say S&P 500 Rout Is Bound to Worsen B Central banks Fed May Cut as Soon as March Based on Market History, BMO Says B Opinion: Why the Fed can’t defend the economy against the coronavirus outbreak MW Yellen Says Coronavirus Could Throw U.S. Economy Into Recession B Virus I Trump puts Mike Pence in charge of response to coronavirus, says US risk ‘remains very low’ C Containing the Coronavirus: What’s the Risk to the Global Economy? The German Economy Was Faltering, Then Came the Coronavirus W Global Airlines Brace for Coronavirus Impact W Marriott Predicts Coronavirus Will Hurt Fee Revenue W Nestlé Halts All Business Travel Abroad as Other Firms Curb Asia, Italy Trips W Virus II ‘Confusion breeds distrust:’ China keeps changing how it counts coronavirus cases C As China’s Economy Suffers, Xi Faces Pressure to Lift Virus Restrictions W China Tightens Screening of Travelers, Fearing Reinfection From Abroad W Virus III U.S. Identifies First Coronavirus Case Without Outbreak Tie B Coronavirus live updates: US raises travel advisory for South Korea as cases cross 1,500 C Coronavirus spreads faster outside China, stoking global fears R Gilead to Kick Off Its Own Studies of Potential Coronavirus Drug W Out of Stock: Coronavirus in China Threatens Amazon Sellers W Coronavirus Prompts a Whole City to Try Home Schooling W Diary of a quarantined American in coronavirus-era China MW Smart Travel Planning in the Time of Coronavirus W US RV Living Grows as Latest Consequence of Housing Crisis W Industries & companies Media: Described as All Business, Disney’s New CEO Is a Number-Crunching Tactician W Media: Disney shares down 2% after ‘surprise’ CEO change R Tech: Microsoft Expects Personal Computing to Miss Target, Citing Coronavirus W Tech: Tech Platforms Aren’t Bound by First Amendment, Appeals Court Rules W
wiar 02-26-20
February 26 (Wednesday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Dow futures bounce as Wall Street attempts comeback from monster 2-day slide C Coronavirus wipes out $1.7 trillion in US stock market value in two days C Trump’s Plea for U.S. to Shrug Off Virus Fear Ignored by Markets B Once bulletproof, tech stocks now among market’s biggest losers R Yield on 10-Year U.S. Treasury Note Hits Record Low W Central banks Fed’s Wait-and-See Posture Tested by Virus W Fed’s Kaplan says unclear right now if coronavirus calls for U.S. rate change: WSJ R Virus CDC official warns Americans it’s not a question of if coronavirus will spread, but when NN U.S. braces for coronavirus spread as outbreaks worsen in Italy, Iran R New Cases Drop in China as Virus Spreads Globally W Moderna’s stock rises as it ships the first batch of its COVID-19 vaccine candidate MW Investors Grapple With Coronavirus Impact on Largest U.S. Firms W Geopolitics & trade The Taj Mahal, Folk Dancers, ‘Hey Jude’: Trump’s 36 Hours in India W Industries & companies Autos: Tesla’s valuation needs to be more ‘grounded’ to profit, analyst says MW FAANG: Amazon Opens Cashierless Supermarket in Latest Push to Sell Food W Homebuilders: Toll Brothers Falls After Homebuilder Reports Sales Miss (Due to Lack of Affordable Homes) B Media: Disney’s choice of parks boss as new CEO confuses the company’s Wall Street narrative C Pharma: Mallinckrodt Nets Government Support for $1.6 Billion Opioid Deal W Tech: Salesforce Co-CEO Keith Block steps down; Marc Benioff will be sole CEO C Offbeat Plague of locusts threatens East African economies as UN sounds alarm C
wiar 02-25-20
February 25 (Tuesday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Markets Dow futures rise 150 points in overnight trading following the measure’s worst drop in 2 years C Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years C Wall Street plunges on fears of coronavirus pandemic R Turnaround Tuesday? Stocks tend to bounce back quickly from market drops like this one C Health insurer shares pummeled by Sanders surge, virus worries R Central banks Markets bet Fed is pushed to cut rates in coronavirus response R With Current Tools, Fed Unlikely To Sustainably Hit Inflation Target: Fed Paper W Virus I Coronavirus’s Global Spread May Not Be Contained, WHO Says W Coronavirus live updates: China reports 508 new cases, 71 additional deaths C Japan’s Nishimura says need to pay close attention on coronovirus impact R Drugmaker Ships First Experimental Coronavirus Vaccine for Human Tests W Don’t buy China’s story: The coronavirus may have leaked from a lab P Coronavirus could be a ‘catalyst’ for China to boost its mass surveillance machine, experts sayC Virus II Fear of Coronavirus, Rather Than Virus Itself, Hits Economies W Mastercard shares drop after company warns coronavirus may hit 2020 revenue C Apple’s China iPhone Sales Dropped in January as Virus Emerged B Citi, Credit Suisse among banks curbing Italy trips on coronavirus fears: sources R China With Migrant Workers in Limbo, Part of China’s Economy Is Stalled W US politics Sanders says ‘it’s unfair to simply say everything is bad’ with Fidel Castro’s Cuba NN Bernie Sanders is blatantly wrong: We’re far better off than in 1975 P Facebook Probed Suspicious Pro-Sanders Content W U.S. Democrats want Russia sanctions over 2020 election interference R Geopolitics & trade Trump Kicks Off India Visit With Massive Rally W U.S. Considers Expelling Chinese Journalists After Americans Barred B Industries & companies Energy: Exxon Drops to 15-Year Low Ahead of Annual Strategy Presentation B Energy: Investors Retreat From Oil Firms in Sign of Rising Skepticism W Retail: Toy Industry Looks to YouTube Talent for Next Generation of Merchandise W Corporate finance HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid W Salesforce, Silver Lake Pump Money Into ServiceMax W Offbeat Glass, Once the King of Packaging, Seeks a Comeback W Austin, Nashville Rank at Top of Hottest Job Markets W
wiar 02-24-20
February 24 (Monday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview (also see new Chart of the Day below) Virus Concern over coronavirus spread as cases jump in South Korea, Italy and Iran R Coronavirus fears spoiled a solid earnings season and will further dominate markets ahead C Coronavirus Could Cut $1.1 Trillion From the Global Economy This Year, According to One Estimate BR G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup R The Virus Is Interrupting Supply Chains From Watches to Lobsters B Peter Navarro Says Coronavirus Shows U.S. Offshored Too Much B Markets There’s a Hint of Euphoria in the Air. Time to Prepare for the Next Correction. BR Here’s how to tell a bear market is coming, according to BofA C Buffett says it’s ‘almost certain’ stocks will beat bonds over long term if rates, taxes stay low C The Bond Rally in Emerging Markets May Not Be All That It Seems B Central banks Kuroda says BOJ will be ‘fully prepared’ to act on virus risk R US Inflation Isn’t Missing From the U.S. Economy. You Just Need To Know Where to Look for It. BR China Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast B US politics Bernie Sanders Says as President He Would Meet With Dictators B Trump accuses Schiff of leaking intelligence about Russia to hurt Sanders R Buttigieg campaign calls on Nevada Democrats to address alleged irregularities in caucuses C Industries & companies Financials: Wall Street Is Taking Over Main Street. Morgan Stanley’s Deal for E*Trade Heats Up the Race. BR Industrials: Caterpillar Stock Looks Cheap. It’s Time to Build a Stake. BR Media: Here’s how NFL TV rights are expected to shake out for the rest of the decade, according to sources C Wireless: There’s a 5G Showdown Brewing. Intelsat Stock Could Be a Casualty. BR Corporate finance TurboTax maker Intuit near deal to buy Credit Karma for $7 billion, WSJ reports C Offbeat Trump braces for a beef-free menu in India NN Baby Yoda busting out at Toy Fair New York NN
wiar 02-22-20
February 22 (Saturday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Dow drops more than 200 points, posts losing week as coronavirus fears resurface C Central banks In next downturn, Fed may opt for quick, strong action R Clarida Says Fed Doesn’t Slavishly Follow Market Expectations B US Coronavirus Hits U.S. Business Activity W Not Just Nike and Apple; Small U.S. Firms Disrupted by China Virus W Europe Under Siege From Left and Right, Any Merkel Successor Faces Tough Balancing Act W US politics US officials reportedly told Bernie Sanders that Russia is trying to help his presidential campaignC Sanders blasts Russia for reportedly trying to boost his presidential campaign R Goldman’s Blankfein Says He Might Vote for Trump Over Sanders B Michael Bloomberg Says He Will Release Women From NDAs If They Ask B ‘Not good enough’ Warren says of Bloomberg’s non-disclosure agreement pledge R Nevada Democrats are trying to avoid repeating the Iowa caucus debacle — here’s how R Trump Weighing Four Candidates for Director of National Intelligence W Industries & companies FAANG: Google Resists Demands From States in Ad Probe W Financials: Wells Fargo to pay $3 billion in settling criminal and civil investigations into its fraudulent sales practices C Manufacturing: DuPont ramps up safety suit production as coronavirus causes shortages in China C Media: Fox, Comcast Pursue Takeovers of Ad-Supported Video Services W Pharma: FDA Clears New Type of Cholesterol Drug W Virus U.S. prepares for possible coronavirus outbreakR Wuhan woman with no symptoms infects five relatives with coronavirus: study R How One Singapore Sales Conference Spread Coronavirus Around the World W Offbeat JPMorgan Warns of Climate as a Threat to ‘Human Life as We Know It’ B SEC Investigates Altria’s Investment in Juul W
wiar 02-21-20
February 21 (Friday) YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview Markets Dow falls more than 100 points after suffering a sudden midday sell-off that confused traders C Wall St. eases, led by tech decline on mounting fears coronavirus could spread R Traders Flock to Tech Options as Stocks Soar W Central banks Fed’s Clarida says U.S. economy is strong, still too soon to judge virus risk R US U.S. labor market remains strong; manufacturing likely stabilizing R China China State Custody of Once High-Flying Anbang Ends This Weekend B US politics Sanders’s Rise Sparks Comparisons to 2016 GOP Race W Elizabeth Warren reverses her position on super PAC support as she seeks comeback C Bloomberg Takes Defensive Posture W Stone sentenced to 3-1/3 years, Trump signals no immediate pardon for adviser R Trump Stews Over McCabe But Is Wary of Driving Barr to Resign B Geopolitics & trade The U.S.’s Next Trade War? As China Clash Cools, Conflict With India Looms. W Outbreak will not change China’s commitments to buy U.S. goods: senior U.S. official R Summit standoff as EU leaders grapple with Brexit-sized hole in budget R Industries & companies Autos: Tesla gets court approval to clear forest for German Gigafactory R Corporate finance Sprint and T-Mobile agree to give Deutsche Telekom higher stake in combined company C Morgan Stanley to Buy E*Trade in Bid for Small Investors W Warren Buffett Found His ‘Elephant’ With Giant Stake in Apple W Cybersecurity Cyberattack on NRC Health sparks privacy concerns about private patient records stored by US hospitals C Offbeat Opioid distributors propose $1 billion legal fee fund R
wiar 02-20-20
February 20 (Thursday) Markets Stocks Gain as China Pledges to Support Businesses W S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes R Markets may face ‘pretty serious reckoning’ as coronavirus slows growth, Yale’s Stephen Roach says C Goldman says market underestimating coronavirus risk: ‘Correction is looking much more probable’ C JP Morgan’s trading guru says the bubble in defensive and tech stocks ‘will likely collapse’ C Gold Just Hit a Seven-Year High on Virus FearsB Central banks Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show R Fed’s Kashkari Expects Rates to Remain SteadyW Bank of America warns negative U.S. rates could hurt operations R US U.S. housing starts fall, building permits near 13-year high R Europe Big Tech to Face More Requirements in Europe on Data Sharing, AI W China Investors Fume as China Develops New Playbook for State-Backed Bonds W China Expels Three Wall Street Journal Reporters W US politics Bloomberg’s transaction tax sets stage for clash with Wall Street clients R Bloomberg Bankrolls a Social-Media Army to Push Message W Several Joe Biden fundraisers jump ship from his struggling campaign to back Mike Bloomberg C Mike Bloomberg has a rocky history with unions – here’s how it could affect the Democratic primary campaign C Warren Gets Help From Super PAC W Trump offered to pardon Assange, lawyer says R Industries & companies Industrials: GE, Hurt by Boeing, Pitches for New Deal With Airbus W Media: Cord-Cutting Accelerates, Raising Pressure on Cable Providers W Corporate finance Energy Companies Face Looming Debt BurdenW Virus China Struggles to Give Care to Patients Without Coronavirus W South Korea Infections Surge; New Hubei Cases Drop: Virus Update B Offbeat California to make state buildings available to house homeless R YRI Express Morning Briefing PDF I Audio Excerpts Daily Markets Overview