What I Am Reading

Nov 18 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow falls more than 150 points as rally to record highs takes a breather | C Momentum stocks may get an end-of-the-year push, history shows | MW Wall Street closes lower as shutdown worries loom | R Falling ‘Real’ Yields Drive Investors to Junk Bonds | W Central banks Powell Says Economic Risks Persist Despite Vaccine | N Fed’s Powell signals emergency credit programs should be extended | R Shelton Fed nomination fails key Senate procedure vote, possibly ending her chances | C US U.S. retail sales lose speed as pandemic, lack of fiscal stimulus weigh | R U.S. manufacturing output picks up in October | R U.S. household debt rises above pre-pandemic levels due to mortgages | R Hundreds of Companies That Got Stimulus Aid Have Failed | W Recession With a Difference: Women Face Special Burden | N China China Urges New Era of Mass Migration—Back to the Countryside | W US politics I Coronavirus stimulus update: McConnell, Schumer, Pelosi have not held talks | C McConnell open to $500 billion for coronavirus relief | R Biden picks for senior White House staff include loyalists, rising Democratic stars | C Biden’s first day might include a bailout for the wealthy | Washington Examiner US politics II Trump campaign loses case on Philadelphia vote count observers | C Georgia says voting machine audit found no evidence of fraud, tampering | C Georgia Senate runoff elections: Here are the key dates to know | C Industries & companies FAANGs: Amazon Launches Online Pharmacy | W Pharma: Moderna and Pfizer Are Reinventing Vaccines, Starting With Covid | W Retail: Home Depot Plans Workforce Investment as Pandemic Brings Another Strong Quarter | W Retail: Walmart’s Sales Gains Slow as Pandemic Drags On | W Virus Coronavirus Vaccine Unproven? No Problem in China | N Chuck Grassley, oldest GOP senator, tests positive for Covid-19 | C Corporate finance Aramco Raises $8 Billion Bond to Fund Dividend Pledge | W Major Chinese Chip Company Defaults on Debt | W Huawei Sells Off Honor Phone Business as U.S. Sanctions Bite | W Kind Bars to Be Acquired by Maker of Snickers | N Technology Don’t Fear the Robots, and Other Lessons From a Study of the Digital Economy | N Offbeat Coronavirus: Bill Gates says more than 50% of business travel will disappear long-term | C

Nov 17 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets The Dow just clinched its fastest bear-market recovery in 30 years | MW Stock futures are little changed after Monday’s record-setting session | C Regulators target money market funds after COVID-19 turmoil | R Global A Covid Baby Bust Is Bad News for These Businesses | W Central banks Third Republican comes out against Judy Shelton for Fed seat | C Faster recovery odds have risen with vaccine developments: Fed’s Clarida | R US politics Trump national security adviser O’Brien says looks now that Biden has won | R Trump Covid vaccine czar hopes work not disrupted by Biden transition | C President-elect Biden says ‘more people may die’ from Covid if Trump continues to delay transition | C Georgia secretary of state says Lindsey Graham and other Republicans have pressured him to toss legal ballots | MW China China Economy Gathers Steam, Setting Stage for a Strong End to the Year | W Geopolitics & trade Tech War With U.S. Turbocharges China’s Chip-Development Resolve | W Biden’s China Policy? A Balancing Act for a Toxic Relationship | N Industries & companies Airlines: ‘Predatory and Opportunistic’: Southwest Airlines Seizes the Moment as Rivals Struggle | W Autos: Tesla to join S&P 500, stock jumps more than 9% | MW Pharma: Berkshire Hathaway Invests in Drugmakers Seeking Covid-19 Vaccine | W Retail: Walmart Retreats Around Globe to Focus on E-Commerce | W Virus Moderna says its coronavirus vaccine is more than 94% effective | C Dr. Scott Gottlieb: Moderna Covid vaccine could help end pandemic | C Europe Got Covid Largely Under Control in the Summer. What Went Wrong? | W The Hot New Covid Tech Is Wearable and Constantly Tracks You | N Corporate finance Airbnb S-1 IPO filing drops, plans to trade under ABNB symbol | C Offbeat Jeff Bezos hands out first round of billions to fight global warming | MW Hurricane Iota now a Category 5 storm near Central America | C

Nov 16 (Monday) YRI Morning Briefing PDF Daily Markets Markets How to Invest in a World With a Vaccine: Value Stocks, Small Caps, and International Equities | BR Bond Investors Win Big Betting on U.S. Consumer | W Covid-19 Makes Foreign Policy the Oil Patch’s First Biden Fear | W Global ‘The Zoom Boom’: Asia Leads the World in Covid-19 Economic Recovery | W US Millions of Unemployed Americans Face Loss of Benefits at Year’s End | W Coronavirus Surge Tests the Smallest Companies | W The USPS Lost $9 Billion. Here’s Why That Matters. | BR US politics Trump concedes ‘nothing’ on election; Biden team says smooth transition essential | R Why Biden Needs Wealth Taxes: An Argument for the Most Progressive Tax System | BR Biden Plan to Forgive Student Debt Hinges on Democratic Control of Senate | W Geopolitics & trade Asia forms world’s biggest trade bloc, a China-backed group excluding U.S. | R Warm RCEPtion – The meaning of RCEP, the world’s biggest trade agreement | Finance & economics | E China aims for moderate export expansion, no longer focuses on surplus – think tank | R U.S. Exporters Coming Up Empty in Scramble for Outbound Containers | W Will Musk’s China Praise Risk U.S. SpaceX Business? | BR Acting Pentagon chief says wars must end in first address | C Industries & companies Airlines: American slashes London flights in December due to weak demand | C Consumer: Meat Giant Tyson Girds for Virus Surge, Tracking Covid-19 With Algorithms | W Media: Disney Stock Is Climbing After Earnings. Here’s What Wall Street Is Saying. | BR Retail: Pandemic Speeds Americans’ Embrace of Digital Commerce | W Retail: Retail Chains Shed Stores, but It Isn’t Good for Business | W Retail: Coronavirus: Walmart resumes metering customers in its stores | C Retail: Target Is Booming During the Pandemic. Why the Stock Still Looks Undervalued. | BR Tech: Why Election Results and China Moves Bode Well for Tech | BR Tech: Intel Has Lost Ground to AMD and Nvidia and Apple Ditched Its Chips. Why Its Stock Can Rise Anyway. | BR Virus I U.S. reports record Covid hospitalizations as states roll out restrictions | C Italy’s Hospitals Face Rising Pressure From Coronavirus | W Coronavirus: Top Biden advisor says national lockdown ‘measure of last resort’ | C Pfizer’s COVID-19 vaccine is surprisingly effective, though experts question what that will look like in real world | MW J&J and U.S. Government Earmark $1 Billion for Covid-19 Vaccine Trials | BR Suddenly, hope – The promise of the new covid-19 vaccine is immense | Leaders | E Virus II Covid-19 Hits Rural Nursing Homes, Which Are Among Those Least Equipped to Fight It | W Scientists pour cold water on ‘intriguing’ — and potentially fatal — similarity between COVID-19 and 1918 flu | MW Elon Musk Says He Tested Positive for Covid-19 | W Technology Why NASA wants to put a nuclear power plant on the moon | C Materials science – Better disposable coffee cups | Science & technology | E Offbeat Parler Makes Play for Conservatives Mad at Facebook, Twitter | W

Nov 14 (Saturday) YRI Morning Briefing PDF Daily Markets Markets S&P boasts record close with earnings reports adding to vaccine fueled optimism | R Stock market today: S&P 500 rises more than 1% to a record close to cap off strong week as big value rotation continues | C Why value stocks could rally in the Biden administration’s first 100 days | MW More High-Yield Muni Borrowers Are Defaulting but Investors Still Want In | W Central banks Fed moves closer to joining global peers in climate-change fight | R US U.S. consumer sentiment ebbs; producer prices maintain steady rise | R Home Prices Are Rising Everywhere in the U.S. | W US politics I Trump loses ballot challenge bids as Biden lead grows in presidential election | C Biden Labor Department to Focus on Executive Actions If GOP Keeps Senate | W How Biden could deal with Senate Republicans: Give them big tax cuts | Vox Why Biden Can Overcome Political Gridlock by Anatole Kaletsky | PS US politics II Janet Yellen Under Consideration by Biden Team for Treasury Secretary | B Georgia Senate election results: Perdue vs. Ossoff will go to runoff | C SBA Wins Temporary Delay of Order to Provide Details on PPP Borrowers | W Industries & companies Consumer: How P&G Launched a 24-Hour Disinfecting Spray Just as Covid-19 Hit the U.S. | W Biotech: How a Coronavirus Vaccine Maker’s Stock Went From Dud to Star | W Retail: How Walmart, Kroger Plan to Become Advertising Giants | W Virus Europe Appears to Curb Covid-19 Spread | W California, Oregon and Washington issue Covid travel advisory urging 14-day quarantine | C Chicago mayor Lori Lightfoot on ‘Covid fatigue,’ stay-at-home advisory | C Trump says Covid vaccine won’t be delivered to New York | C Schools Struggling to Stay Open Get Hit by Ransomware Attacks | W NYC Schools May Shut Out of Caution, Health Adviser Says – Bloomberg

Nov 13 (Friday) YRI Morning Briefing PDF Daily Markets Markets Dow closes more than 300 points lower amid fears virus resurgence could slow down economic recovery | C U.S. Stocks Close Lower on Covid-19 Concerns | W Oil-Demand Recovery Unlikely for Months Despite Vaccine Hopes | W Pfizer’s Vaccine Is a Pick-Me-Up for Value Stocks | W Central banks The Fed: What scares Jerome Powell most about the economy right now | C Judy Shelton appears headed for confirmation to a Federal Reserve seat | C US U.S. data suggests economic recovery may be weakening | R U.S. Consumer Prices Unchanged in October | W U.S. Unemployment Claims Slip but Hold at High Levels | W U.S. labor market gradually healing; inflation still benign | R These small businesses might not make it without more stimulus | NN US politics I Congressional COVID-19 impasse drags on, Pelosi warns ‘house is burning down’ | R Coronavirus stimulus update: Pelosi and Schumer, McConnell divided on relief bill | C Biden’s Penchant for Bold Stimulus to Test His Deal-Making Skills | W As Trump Focuses on 2024, Aides Mull Agenda for Final Days | W Trump Campaign Presses Election Claims in Pennsylvania, Arizona | W US politics II Klobuchar, potential AG pick: Google breakup should ‘be on the table’ | C Republican Senators Say Biden Should Get Intelligence Briefings | W U.S. starts fiscal 2021 with 111% jump in October deficit | R China Tencent Pledges Cooperation as China Scrutinizes Competition on Internet Platforms | W Japan Japan’s Biggest Profit Beat in Years Seen Boosting Stock Appeal | B Geopolitics & trade Trump bans investments in companies that aid China’s military | C Commerce Department Announces Stay of TikTok Shutdown Order | W Industries & companies Financials: Deposit Interest Rates Are Taking a Pandemic Nosedive | W Media: Disney suffers first annual loss in more than 40 years, but stock jumps as losses are not as bad as feared | MW Retail: Shoppers turn toward premium foods instead of staples, amid Covid rise | C Technology: Cisco (CSCO) earnings Q1 2021 | C Virus As Covid-19 Surges to New Levels Across U.S., States Impose Flurry of Measures | W Chicago 30-day stay-at-home advisory starting Monday | The Hill Average Covid cases and hospitalizations rise in nearly every state across U.S. | C We might get back to normal even before a vaccine by using this century-old method to treat COVID-19 | MW How Pfizer Will Distribute Its Covid-19 Vaccine | N When will a COVID-19 vaccine be ready? Fauci says ‘We’re talking probably by April’ | MW Corporate finance China’s President Xi Jinping Pulled Plug on Jack Ma’s Ant IPO | W Palantir shows 52% growth in first earnings report since market debut | C Offbeat Less Effective Flu Shot Poses New Risk for Hospital Operators | B Measles Cases Reach 23-Year High, Killing More Than 200,000 | B Donald Trump is hatching a plan to ‘wreck’ Fox News, insiders tell Axios | MW

Nov 12 (Thursday) YRI Morning Briefing PDF Daily Markets Markets Stock futures flat after Nasdaq’s comeback session | C Stock market surge doesn’t have much to do with Biden vs. Trump | Washington Examiner How the U.S. stock market has treated new presidents | R Vaccine optimism may feed into market’s top near-term risk: Economist | C Jim Cramer: Wall Street ‘very cavalier’ about risks the U.S. faces | C Global A Covid-19 Vaccine Would Boost the Global Economy, But Not All at Once | W Central banks What Biden’s Election Means for the Fed | W US Millions Face Loss of Jobless Aid: ‘Without It, I’m Dead in the Water’ | N China Alibaba Sets ‘Singles Day’ Sales Record | W US politics I Biden’s Policy Agenda Rests Heavily on Senate Outcome | N President-Elect Joe Biden Selects Ron Klain as His White House Chief of Staff | W Biden’s China Tech Plan: Stronger Defense, Quieter Offense | W Biden Transition Chief Proposed Limiting Size of Biggest U.S. Banks | W Biden, Beware: The Nationalist Moment Hasn’t Passed | W US politics II What Is Trump’s Legal Strategy? Try to Block Certification of Biden Victory in States. | W Trump unlikely to beat Biden in Arizona, no fraud seen, state AG says | C Presidential election: Georgia announces recount as Biden leads Trump | C Industries & companies Pharma: Coronavirus vaccine: Pfizer CEO sold $5.6 million of stock as company announced positive data | C Corporate finance TikTok Asks Court to Put Off U.S. Order to Divest | W Ron Perelman’s Revlon Nears Bondholder Deal to Survive Pandemic | W Virus I Texas Covid-19 Cases Top One Million as Second Wave Grows Worse | B Record Covid-19 Hospitalizations Strain System Again | W Coronavirus: U.S. prepares for worst four months of the pandemic | C Coronavirus Live Updates: New York Announces New Restrictions | W Biden Covid advisor says U.S. lockdown of 4 to 6 weeks could control pandemic and revive economy | C Virus II CDC now says face masks protect the wearer — and the economy | MW Moderna Vaccine Trial Reaches Key Goal to Gauge Shot’s Merit | B Pfizer news is great — tempering enthusiasm is not the same as erasing | TheHill Pfizer’s ultra-cold vaccine, a ‘very complex’ distribution plan | NN What we know about Pfizer’s coronavirus vaccine distribution plan | Supply Chain Too soon to say if Germany will extend Covid lockdown: Health minister | C Widespread Covid testing helped stop asymptomatic spread among Marine recruits, study says | C Offbeat Masayoshi Son Again Pulled SoftBank From the Brink. This Time He Had Help. | W

Nov 11 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock futures flat amid market rotation out of growth | C Asian stocks extend gains as vaccine hopes support global reopening | R Central banks Federal Reserve Could Become Early Flashpoint Between Biden and McConnell | W No more fiscal firehose? That might be okay by the Fed | R US U.S. Job Openings Are Rising Closer to Prepandemic Levels | W U.S. job openings, hiring point to sluggish labor market recovery | R Race for Space Pushing Up Suburban Rents | W Some Business Owners Can Avoid Cap on Deductions for State and Local Taxes, Treasury Says | W US politics I 2020 election: Here’s when the results will be finalized | C Trump Campaign Launches New Tactic in Legal Fight to Contest Election Results | W U.S. Republicans hint at limited time for Trump to make his post-election case | R The Times Called Officials in Every State: No Evidence of Voter Fraud | N Pennsylvania election case: Secretary of state to ask judge to toss Trump lawsuit | C Explainer: Why recounts rarely change the results of U.S. elections | R After Esper firing, White House moves Trump loyalists into key Pentagon jobs | R US politics II Biden puts health care front and center with a call to expand Obamacare | C Obamacare: Supreme Court appears willing to keep Affordable Care Act | C Biden’s Plan to Shift Energy Policy Faces Headwinds | W Biden agency review teams includes workers from Amazon, Airbnb, Uber | C Lael Brainard’s Steady Rise Could Culminate in Treasury Secretary Post | N Geopolitics & trade U.S. vs. China in 5G: The Battle Isn’t Even Close | W What happened to TikTok deal? Trump administration silent | C Industries & companies Aerospace: Boeing Faces Possible FAA Penalties Tied to 2015 Safety Settlement | W Media: Targeted Ads Headed Soon to Network TV | W Tech: Apple Mac Line, Once Dubbed ‘Dinosaur,’ Gets New Life in Pandemic, In-House Chips | W Virus Coronavirus Live Updates: U.S. Hospitalizations Set New Record | W Co-infection: El Paso hospitals see patients with both the coronavirus and the flu Pfizer Covid-19 Vaccine’s Next Big Challenge: Giving It to Enough People | W How Eli Lilly Developed Covid-19 Drug in Pandemic’s Long Shadow | W Corporate finance China’s ‘Uber for Trucks’ Raising $1.7 Billion Ahead of IPO Next Year | W Technology NASA certifies Elon Musk’s SpaceX to carry astronauts in Crew Dragon | C

Nov 10 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow surges more than 800 points in biggest rally in 5 months after positive Pfizer vaccine news | C Why investors should ‘let dust settle’ after stock market soars on Pfizer vaccine news | MW Possible Vaccine Powers Bond-Yield Surge, Adding to Postelection Volatility | W Vaccine Breakthrough Lifts Distressed, Bankrupt Borrowers | W US Vaccine news gives a much-needed boost to the economic outlook | C Inflation is the election outcome Americans can count on | TheHill Don’t Bank On A Big Economic Stimulus From Congress’ Lame Duck Session | Forbes US politics I Joe Biden Kicks Off Transition Focused on Coronavirus | W Biden Warns of ‘Dark Winter’ Ahead With Covid, Urges Mask-Wearing | B The Economy’s Struggles Will Shape Joe Biden’s Presidency | W Biden lauds COVID-19 vaccine progress, White House seeks credit | R US politics II Trump recount fight: RNC shifting Wisconsin staff to Georgia Senate battle | C Senate’s McConnell says Trump has right to probe election ‘irregularities’ | R One clear election loser: The Green New Deal | Washington Examiner Trump says Defense Secretary Mark Esper has been ‘terminated’ | C Trump agency official privately says there is ‘no transition in place’ after Biden’s victory | C Industries & companies Aerospace: Boeing Jets, Other U.S. Goods Worth $4 Billion Face EU Tariffs | W Real estate: Real-Estate Stocks Soar on Hope Vaccine Will Ease Covid Concerns | W Virus Pfizer coronavirus vaccine: U.S. officials ‘optimistic’ pandemic could end | C Covid vaccine: Pfizer says drug 90% effective in blocking infection | C Pfizer, BioNTech initial vaccine results impress, but scientists remain cautious | R Pfizer Covid-19 Vaccine Funding Came From Germany Not Operation Warp Speed | B Pfizer Covid vaccine: Travel companies see it as ‘welcomed step’ | C The Next Big Challenge After a Covid Vaccine Is Giving It to Enough People | W Technology A Step Forward in the Promise of Ultrafast ‘Hyperloops’ | N Corporate finance SoftBank Comeback Stays on Track With $6 Billion Profit | W Supreme Streetwear Brand Sold to VF in $2.1 Billion Deal | W Offbeat More Workers Get Help in Building Rainy Day Savings | N

Nov 09 (Monday) YRI Morning Briefing PDF Daily Markets Markets What President Joe Biden and Vice President Kamala Harris Mean for Stocks, Bonds, and Markets | BR After four years of Trump, ‘Sleepy Joe’ sounds just fine to Wall Street | NN How to Position Your Investment Portfolio for Transition Uncertainty and Gridlock in Government | BR Financial markets – How to fix the market for Treasury bonds | Leaders | E US Biden will get a surprisingly strong jobs market when taking over as president | C Why the Biden Economy Could Be the Same Long Slog as the Obama Economy | N Goldman Sachs cuts growth forecasts for the U.S. and Europe, citing worries over COVID-19’s winter spread | MW They lived paycheck to paycheck. Then the pandemic hit | C US politics I Biden Economic Advisers: Obama-Era Alumni Are Favorites for Top Jobs | B Biden likely to rely on trusted inner circle as he staffs new administration | R Biden Charts Course for New Administration | W Kamala Harris makes history as first woman elected vice president | C US politics II Joe Biden’s pandemic plan: mandatory face masks, paid sick leave, restoring Obamacare and free COVID-19 tests | MW President-elect Joe Biden to announce Covid task force on Monday | C Biden Wins the Most Extraordinary Election of Our Time. What’s Next. | BR When every vote counts – What the 2020 results say about America’s future | Leaders | E The 2020 Election Results Look Like a Massive Rebuke of Socialism | Reason.com Geopolitics & trade China Exports Roar Ahead; Trade Surplus With U.S., World Widens | W Biden’s trade policy will take aim at China, embrace allies | R Industries & companies Airlines: Coronavirus: Cargo shipments of Botox and cheese replace passengers for starving airlines | C Autos: Automakers use virtual reality to cut the development time for vehicles like the Hummer EV | C Biotech: Biogen Analysts Brace for Collapse After Alzheimer’s-Panel Blow | B Financials: Financial Services Is a Hot Spot for Merger Activity | BR Pharma: Psychedelics Take a Trip to the Market. It’s a Long Road. | BR Restaurants: Restaurants Defend Dining Rooms as Covid-19 Spreads | W Retail: Smaller Is Big in New E-Commerce Warehouses | W Virus Coronavirus: U.S. reports more than 126,000 cases two days straight | C Once more, with dread – The second wave of covid-19 has sent much of Europe back into lockdown | Briefing | E An Explanation for Some Covid-19 Deaths May Not Be Holding Up | N Offbeat The Digital Nomads Did Not Prepare for This | N

Nov 07 (Saturday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: S&P 500 closes flat, but posts best week since April even with election undecided | C After sharp bounce, market may take a ‘breather’ on lingering election uncertainty, virus outbreak  | C U.S. Government-Bond Yields Rise as Biden Pulls Ahead | W Muni Bonds Falter on Prospect of Divided Government in Washington | W Central banks How much of the stock market’s rise over the last 11 years is due to QE? Here’s an estimate | MW US US Jobs Report Oct. 2020: Unemployment Rate Falls to 6.9% | B Drop in Jobless Rate Shows Healing U.S. Labor Market | W Women Make Strides in U.S. Labor Market After Pandemic Setbacks | B Uneven U.S. job market recovery points to need for focused fiscal aid | R U.S. Consumer Borrowing Rose More Than Forecast in September | B US politics Coronavirus stimulus update: McConnell and Pelosi push for relief bill | C Biden close to U.S. election victory as a defiant Trump vows to fight | R 2020 Election: Which states could go to a recount and how will it work | C Georgia’s Battleground Status Signals Changing Electoral Map in the South | W Facebook Imposes Limits on Election Content, Bans ‘Stop the Steal’ Group | W Industries & companies Hotels: Marriott Returns to Profitability as It Sheds Expenses | W Pot: Aurora Cannabis, other pot stocks surge as marijuana legalization spreads in the US | C Retail: U.S. Firms Get Another Boost From China | W Tech: Intel’s Success Came With Making Its Own Chips. Until Now. | W Corporate finance Consolidation Is Killing Jobs In The U.S. Shale Industry | OilPrice.com Applebee’s franchisee bids to buy Pizza Hut’s largest U.S. operator | C Virus With U.S. Covid Cases at Record, Hospitalizations May Be Next | B N.Y. Cases Surge Above 3,000 as Upstate Drives Second Wave | B FDA authorizes first test that screens for Covid neutralizing antibodies | C South Africa News: J&J Covid-19 Vaccine Trial Cleared to Start | B Biogen hits snag after Alzheimer’s drug fails to win support from FDA panel | C If One Leading Coronavirus Vaccine Works, Thank This Tiny Firm in Rural Austria | W