What I Am Reading

Nov 06 (Friday) YRI Morning Briefing PDF Daily Markets Markets Dow surges more than 500 points, heads for best week since April as post-election rally continues | C Why Wall Street is so pumped about the 2020 election | NN Fading Hopes of Big U.S. Spending Pull Down Yields Overseas | W Buttonwood – Why dollar assets are still riding high after America’s election | E Central banks Fed decision November 2020: Interest rates steady near zero | C Fed to add new details to quarterly economic forecasts | R Federal Reserve Doesn’t Have to Just Wait on Washington | W Bank of England Boosts Stimulus as U.K. Battles Second Wave of Covid-19 | W Global Western Economies Embrace State Intervention, Emulating Asia | W US U.S. Unemployment Benefits Claims: More Americans Than Forecast File | B Homeowners and buyers are the real winners in this election | C How Much Debt Do Millennials Have? | C Amid election uncertainty and viral surge, U.S. economic recovery wobbles | R Voters Back at Least $26.7 Billion of Municipal Borrowing Plans | B $68 trillion transfer of wealth in America is evaporating amid crisis China Beijing Wants to Treat Ant Like a Bank and Its Value Hangs in the Balance | W US politics Presidential Election Comes Down to a Few States as Vote Counting Continues | W 2020 Election Lesson: Trump’s Coalition Proved Durable | W Facebook Takes Down Group Organizing Protests of Vote Counting | W 2020 election results: Democrats to lose House seats but keep majority | C Control of U.S. Senate Hinges on Georgia Results | W Long at odds with Trump, Defense Secretary Esper has prepared a resignation letter, officials say | C Industries & companies Autos: GM Rebounds From Coronavirus-Related Losses | W Autos: Famed luxury carmaker Bentley to go fully electric by 2030 | C Fitness: Peloton (PTON) reports fiscal Q1 2021 earnings, sales beat | C Insurance: AIG’s Net Income Fell in Third Quarter | W Media: ESPN Cuts Jobs as Parent Disney Contends With Covid-19 Pandemic | W Restaurants: Fast Food’s Bet on Breakfast Goes Bust During Covid-19 Pandemic | W Tech: Uber Posts Third-Quarter Loss as Pandemic Continues to Hurt Rides | W Virus Covid-19 Vaccine Safety Efforts to Feature App Tracking of Vulnerable Groups | W Corporate finance IAC considers Vimeo spinoff after achieving $2.75 billion valuation | C

Nov 05 (Thursday) YRI Morning Briefing PDF Daily Markets Does politics matter for investors? | MoneyWeek Markets U.S. stock futures rise, extending the post-election rally | C Stocks jump as Wall Street thinks tight U.S. election means gridlock | R As ‘Blue Wave’ Chances Crash, Wall St. Warms to Divided Government | N The Nasdaq is skyrocketing. That may not be a great sign for the economy | NN U.S. Treasury Yields Fall on Reduced Stimulus Expectations | W Central banks Fed wants low profile but may repeat that the economy needs stimulus | C US U.S. employment, services industry data point to slowing economic recovery | R U.S. Service Providers Saw Continued Growth in Activity in October | W U.S. Trade Deficit Narrowed in September as Exports Rose | W US politics McConnell Says Congress Should Pass Economic Relief Bill This Year | W U.S. Supreme Court may not have final say in presidential election, despite Trump threat | R 2020 election: Trump sues over Michigan, Pennsylvania ballots | C Election 2020: Trumpism Isn’t Going Away Even If Trump Loses | B Republicans on track to dash Democratic hopes of U.S. Senate majority | R Industries & companies Autos: Ford’s new CEO promises investors more transparency, reports October sales declined 6.1% | C Energy: Cold Weather Thaws Natural-Gas Prices | W Financials: Allstate, MetLife Report Mixed Results as Pandemic Continues | W Retail: Supermarkets Get New Looks as Shoppers Adapt to Pandemic | W Tech: Qualcomm (QCOM) earnings Q4 2020 | C Corporate finance Suspended Ant IPO Shows Growing Regulatory Focus on Fintech Giant | W Virus Face Masks Are Again in Short Supply as Covid-19 Cases Surge | W Offbeat Oregon Votes to Decriminalize All Drugs, Allow Psilocybin for Mental-Health Treatment | W

Nov 04 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Stocks rally on Election Day, with the Dow jumping more than 500 points | C Some bond traders are bracing for a ‘rate-shocker’ after U.S. Election Day | MW Utilities Stocks Shed ‘Safety’ Image as Investors Bet on Blue-Wave Bump | W US politics Treasury Dials Back Estimates for U.S. Borrowing as Stimulus Talks Stall | W How prospects for more stimulus could change based on the election | C Who Is Ben Harris, the Quiet Architect of Biden’s Economy Plan? | N U.S. Election Day unfolds smoothly, so far defying fears of disruption | R All that plywood tells you the real post-election fear is pro-Biden rioting | P Industries & companies Autos: Musk: Tesla was ‘about a month’ from bankruptcy during Model 3 ramp | C Financials: JPMorgan warns of another potential regulatory fine tied to weak ‘internal controls’ at bank | C Retail: Comcast, Walmart in Talks to Develop and Distribute Smart TVs | W Tech: Why Fewer Chips Say ‘Made in the U.S.A.’ | W Virus Coronavirus update: U.S. headed for ‘most deadly phase’ of pandemic, says Dr. Birx, contradicting Trump’s insistence it has rounded a corner | MW Death by Lockdown | AIER If Restaurants Go, What Happens to Cities? | N Remote Learning? In Person? Families Second-Guess Their School Choices as Covid Cases Rise | W How a Boy With Autism’s World Turned Upside Down When Pandemic Shut School | W Corporate finance Ant Group IPO in Shanghai and Hong Kong is suspended | C AT&T considers selling significant minority stake in pay-TV business | C

Nov 03 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets S&P, Dow Industrials Close Higher as Election Looms | W The stock market has made its prediction about who will win the election | NN The bears have ripped control away from the bulls — and if the S&P 500 falls below this level, it could get ugly | MW Changing your portfolio based on this election may be a mistake as the Fed could matter more | C Euro Stoxx Benchmark Index Fails to Calculate Prices at Open | W Central banks Virus, political risk, rising as Fed takes stock of post-election landscape | R US Americans eager to shop despite pandemic, NRF’s Kleinhenz says | C Factories Bounce Back as Consumers Snap Up Goods | W Mortgage IPO Boom Faces Market Turbulence | W Covid-19 Slammed Rental-Car Firms, Then Business Turned Around | W States Hire Consultants for Covid-19 Help, With Mixed—and Expensive—Results | W US politics I Trump takes polling lead in North Carolina and Biden remains ahead in other battlegrounds, with one day until election | MW Former Gov. Scott Walker: Donald Trump has the better economic plan and record – and my vote | FO Trump’s energy plan will cost the nation trillions | TheHill Biden energy plan may be more similar to Trump policy than expected | C Elite Democrats could destroy the middle class if Biden wins | P US politics II Trump vs. Biden: Judge tosses Harris County drive thru voting lawsuit | C Uber, Lyft rise as investors expect California voters to pass Prop 22 | C Geopolitics & trade Global markets under Trump: Build the Wall (Street)!… and China | R Air Force Purchase of Chinese Drones Spurs Security Concerns | W Industries & companies Consumer: Clorox Books Record Sales Jump on Disinfectant Demand | W Energy: The utility that beat Big Oil to climate model it needs for future | C Financials: Eight big banks must face U.S. cities’ allegations of municipal bond collusion | R Retail: Malls Dragged Into Bankruptcy by Carnage at Retail Tenants | B Retail: Walmart ends contract with robotics company Bossa Nova, report says | C Virus I New Jersey Sees Second Wave of Covid Cases to Peak in 2021 First Quarter | B Governor Baker announces tighter mask mandate, other COVID-19 restrictions | Boston Globe Coronavirus update: Trump threatens to fire top infectious-disease expert Fauci as U.S. deaths top 231,000 | MW Virus II Europe’s COVID-19 curbs prompt pushback amid bleak countdown to Christmas | R France sees record number of new COVID-19 cases, hospitalisations spike | R T-cell study adds to debate over duration of COVID-19 immunity | R China’s Race for Covid-19 Vaccine Raises Safety Questions | B Technology & cybersecurity Alphabet X Project Amber uses EEG to monitor depression | C SEC’s Jay Clayton on cybersecurity threats to corporate America | C Corporate finance Chinese Regulators Summon Ant Leaders Ahead of Gigantic IPO | W Stonepeak Infrastructure to Buy Cable Provider Astound Broadband | W

Nov 02 (Monday) YRI Painful sell-off is running out of steam: market bull Ed Yardeni | C Morning Briefing PDF Daily Markets Markets Fund Manager Nightmare Is Biden Without Blue Wave Congress | B How to Use the Election to Buy Stocks at a Bargain Price | BR Central banks Why Jerome Powell Is the Winner No Matter the 2020 Presidential Election Results | BR Fed Turns Attention to Asset Purchases After Spelling Out Low-Rate Pledges | W Fed Not Expected to Ramp Up Bond Buying This Year or Next | B Global Companies Fret Over Coronavirus Despite Rebound | W US I The Economy’s Bungee-Jump Recovery Was Impressive—but It’s Not Enough | BR The Housing Market Boom May Soon Wind Down. Here’s How to Play It. | BR Is finding a job harder when you’re unemployed? | C US II The great divergence: U.S. COVID-19 economy has delivered luxury houses for some, evictions for others | R Why high earners in finance and tech left New York City | C Tech Workers Take to the Mountains, Bringing Silicon Valley With Them | W US politics U.S. coronavirus cases keep rising in grim march to Election Day | R Analysis: Bidencare or Trumpcare? Health plans will affect the U.S. economy differently | R Geopolitics & trade China Is at Odds With the U.S. It Still Has an Open Door for Wall Street. | BR Industries & companies Airlines: Airlines’ New Pricing Strategy: Buy One, Get One Free | W Media: Why Netflix will keep raising prices with confidence | C Tech: Apple, Amazon and Facebook warn about pandemic, civil unrest | C Virus I U.S. reports record 99,321 new coronavirus cases as scientists warn latest surge just beginning | C Europe’s COVID-19 cases double in five weeks, total infections surpass 10 million | R Coronavirus England: Boris Johnson imposes stay at home order as cases surge | C Italy tightens COVID-19 restrictions, plunging Venice back into ‘victorious solitude’ | MW Guidelines for COVID-19 tests for airline passengers could set global bar for reliability, sources say | R Virus II Doctors Begin to Crack Covid’s Mysterious Long-Term Effects | W Drone Startups Aim to Carve Out Role in Delivery of Potential Covid-19 Vaccine | W Staffing at Some Nursing Homes Plummeted During Early Covid-19 Outbreaks | W Corporate finance AMD and Its Chip Rivals Are Making Big Acquisitions. What It Means for Stocks. | BR Technology How salt caverns may trigger $11 trillion hydrogen energy boom | C Offbeat How the Wealthy World Has Failed Poor Countries During the Pandemic | N

Oct 31 (Saturday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow closes more than 150 points lower as Wall Street posts its worst one-week sell-off since March | C The stock market’s ‘presidential predictor’ is forecasting a Biden victory | MW These are the worst-performing stocks in October as Big Tech slumps | MW China’s Mega Listings Intensify Rivalry Between Stock Exchanges | B Labor Department finalizes U.S. rule curbing sustainable investing by pension funds | R Central banks The Fed could face more pressure to act: ‘They don’t have the luxury of time anymore’ | C Fed Again Eases Terms for Main Street Lending Program | W US U.S. Household Spending Rose 1.4% in September | W The economy could lose a generation of working mothers | Vox US politics Investors are hoping for a clear presidential and Senate election outcome to end the sell-off | C Coronavirus stimulus update: Pelosi, McConnell, Trump talk relief deal | C Boarded-Up Windows and Increased Security: Retailers Brace for the Election | N Europe Europe’s Airlines Cut Flights as Virus Cases Rise, Governments Lock Down | W Industries & companies Media: Netflix Raises Prices as Competition Increases | W Tech: AirPods Pro static issues: Apple confirms sound problem, will replace free | C Corporate finance Ant IPO Sets Off $3 Trillion Scramble Among Small Investors | W Dunkin’ to Be Sold to Inspire Brands for $11.3 Billion | W Credit Karma in Talks to Sell Tax-Preparation Business to Square | W Technology Why NASA’s moonshot, Boeing, Bezos and Musk have a lot riding on U.S. election | R Virus U.S. only at ‘the beginning of the steep part’ of the coronavirus pandemic, Dr. Scott Gottlieb says | C Latest Covid-19 Wave Worries Hospitals Even With New Treatments | W Restaurants see new Covid restrictions as U.S. cases hit record high | C Offbeat The First Covid Sports Season Is Over. Here Are the Lessons. | W

Oct 30 (Friday) YRI Morning Briefing PDF Daily Markets Markets Dow futures fall 150 points as Apple and Amazon shares decline after earnings | C Dow Industrials Snap Four-Session Losing Streak | W Bets on Biden-Led Stimulus Fuel Outperformance by Small Stocks | W Central banks ECB Signals Further Stimulus Ahead to Prop Up Struggling Economy | W US U.S. Economy Recovered Significant Ground in Record Third-Quarter GDP Rebound | W US politics Coronavirus stimulus update: Pelosi, Mnuchin trade harsh letters as talks stall | C Record-breaking early voting in U.S. election tops 80 million | R Biden and Trump make their final appeals to crucial voters in Florida | C China China Stresses Reliance on Its Own Technologies in Five-Year Plan | W Geopolitics & trade Trump’s China Scorecard Shows Many Defeats, and One Big Change | B Industries & companies Airlines: Delta and pilot union reach preliminary deal to avoid furloughs until 2022 | C Airlines: Covid-19 Testing vs. Quarantines for International Flights | W Communication services: Facebook (FB) earnings Q3 2020: users decline in U.S. and Canada | C Communication services: Facebook Posts Record Revenue Despite Ad Boycott | W Communication services: Google Parent’s Stock Soars on Gangbuster Earnings | W Consumer discretionary: Amazon Sales Surge Amid Pandemic-Driven Online Shopping | W Consumer discretionary: Amazon forecast reflects $4 billion in Covid-related costs | C Energy: Exxon to Slash Up to 15% of Global Workforce, Including 1,900 Jobs in U.S. | W Restaurants: Starbucks (SBUX) Q4 2020 earnings top estimates | C Restaurants: Starbucks Says Customers Are Coming Back to Cafes | W Tech: Megacap Tech AAPL, AMZN, FB, GOOG Stock Earnings Disappoint Investors | B Tech: Apple’s weak iPhone sales show people were waiting for the new models | C Tech: Apple has $191.83 billion in cash on hand, down $14 billion from 2019 | C Virus Europe’s Covid-19 Cases and Deaths Are Climbing, a Warning for the U.S. | W Cybersecurity Hackers Steal $2.3 Million from Trump Wisconsin Campaign Account | W Corporate finance Ant IPO Promises $8 Billion Gain for Elite Group of Foreign Investors | W Offbeat We asked how the pandemic changed your money habits. Here’s what you said | NN

Oct 29 (Thursday) YRI Morning Briefing PDF Daily Markets Markets Stocks Close Sharply Lower on Rising Coronavirus Cases | W Stock-market rout: How did rising coronavirus cases catch investors by surprise? | MW S&P financials index may be bruised but not without bright spots | R Pandemic’s latest spread triggers surge in VIX ‘fear gauge’ for U.S. stocks | R US U.S. States Face Biggest Cash Crisis Since the Great Depression | W New York’s MTA Says Region Risks $65 Billion Economic Loss | B Philadelphia Imposes Curfew After Unrest Sparked by Walter Wallace Jr.’s Shooting | W US politics Pelosi Says Details of Coronavirus Package Could Change After Election | W Many on Wall Street Who Predicted a Trump Win in 2016 Aren’t So Sure Now | W Biden’s polling lead adds to market fears the economy will need to wait until next year for stimulus | C Former U.S. Homeland Security official says he wrote anonymous op-ed on Trump | R Russian in Cyprus Was Behind Key Parts of Discredited Dossier on Trump | W Geopolitics & trade EU arms itself against U.S. and others in trade disputes | R Tariffs Didn’t Fuel Revival for American Steel | W Lower air quality in China points to iPhone 12 production surge | C Industries & companies Aerospace: Boeing Cutting More Jobs in Response to Pandemic | W Autos: Ford (F) earnings Q3 2020 Logistics: UPS Package Volumes Swell, but U.S. Profits Shrink | W Pharma: Remdesivir: Gilead’s revenue rises 17% on sales of coronavirus treatment | C Tech: Tech CEOs Square Off With Senators in Hearing Over Online Speech | W Tech: Microsoft’s Earnings Continue to Ride Pandemic-Fueled Demand for Cloud, Videogaming | W Tech: Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch | W Virus Covid in Australia: Melbourne’s 3-Month Lockdown Has Bleak Lessons for World | B France and Germany thrust into lockdown as second COVID-19 wave sweeps Europe | R Covid cases, hospitalizations continue to surge as U.S. reaches ‘critical point’ in pandemic | C Here are all the reasons COVID-19 cases are surging again | MW Covid-19 Vaccine Won’t Be Available Until January at Earliest, Fauci Says | B Severe Covid-19 Cases Leave Lasting Effects, Including on Mental State | W Corporate finance Tiffany, LVMH Near Agreement on New Deal Terms | W Offbeat Category 2 Hurricane Zeta crashes ashore in storm-weary Louisiana, dealing new blow in busy Atlantic hurricane season | C

Oct 28 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets S&P 500, Dow slip on worries about earnings, U.S. stimulus outlook | R Stock Investors’ Bets Eye a Biden Victory, Robust Stimulus | W US U.S. Durable-Goods Orders Rose for Fifth Consecutive Month in September | W U.S. Home-Price Growth Accelerated in August | W Consumer confidence falls in U.S. swing states ahead of presidential election | R Why the Best G.D.P. Report Ever Won’t Mean the Economy Has Healed | N Recession’s Silver Lining: American Households Are Doing Better Than Expected | N Struggling Rental Market Could Usher in Next American Housing Crisis | W US politics I Trump concedes no coronavirus relief deal before November 3 election | R Mitch McConnell’s Court Tactics Pay Off in Amy Coney Barrett Confirmation | W Wisconsin Voting: Democrats Say Hand-Deliver Your Ballot, Don’t Count on USPS | B Two largest U.S. airline flight attendant unions endorse Biden | R US politics II Trump Weighs Executive Order to Show Support for Fracking | W Judge Bars DOJ From Representing Trump in Defamation Suit | W New retirement bill has perks for seniors, student loan borrowers | C Geopolitics & trade Global Banks in Hong Kong Breathe Easier Over U.S. Sanctions | W Trump lifts tariffs on Canadian aluminum, warns he may resume them | R Industries & companies Communication services: Facebook Warns of Foreign Operators Exaggerating Their Election-Interference Abilities | W Energy: How the Virus Slowed the Booming Wind Energy Business | N Pharma: Eli Lilly Earnings, Halted Covid-19 Drug Trial Disappoint Investors | W Manufacturing: Caterpillar, 3M Flag Falling Sales to Businesses | W Manufacturing: 3M making more N95 masks than ever as Covid cases rise: CEO Mike Roman | C Tech: Microsoft’s Earnings Continue to Ride Pandemic-Fueled Demand for Cloud, Videogaming | W Virus Covid hospitalizations rising in 36 states as U.S. hits another record for average new cases | C France Emerges as Covid-19 Epicenter as Cases Surge Across Europe | W Countries Try Shorter Covid-19 Quarantines in Bid to Boost Compliance | W Covid in New York: California Added to NY Visitor Quarantine List by Cuomo: | B Coronavirus vaccine data from Pfizer unlikely to come before U.S. election | C Corporate finance AMD Agrees to Buy Rival Chip Maker Xilinx for $35 Billion | W AMD and Nvidia are using high stock prices to make big acquisitions | C Dunkin’ Sale Poised to Be Second-Largest Restaurant Deal Ever | B Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department | W Callaway Golf to Buy Rest of Topgolf Entertainment | W Inside Ant, the Company Behind the World’s Biggest IPO | W Technology SpaceX Starlink service priced at $99 a month, public beta test begins | C Offbeat Relocating during COVID? Moving could come with a substantial pay cut | USA Reddit won’t lower pay for employees who move to cheaper cities | C

Oct 27 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets Stocks Slide on Coronavirus Uptick, Fading Stimulus Hopes | W Record earnings beat is still not good enough for the market and profit misses are severely punished | C Oil Drops on Covid-19 Resurgence, Extra Libyan Crude | W Corporate Defaults Slow, Lifting Debt Market | W US 1.3 Million American Households Could Owe $7.2 Billion In Unpaid Rent By End Of This Year | FO Average new U.S. Covid cases hit record; Gottlieb warns of ‘exponential spread’ | C US politics Amy Coney Barrett: Senate votes to confirm Supreme Court justice | C Coronavirus stimulus update: Pelosi slams Trump over virus testing | C ‘It’s about midnight’ for stimulus deal, key GOP senator says | MW Here are the new income tax brackets for 2021 | C Japan Japan’s New Leader Sets Goal of Being Carbon Neutral by 2050 | N Industries & companies Financials: JPMorgan Currency Deal Highlights Finance’s Green Shift | W Industrials: Industrials sector, market sell-off: Market analysts on rebound stocks | C Media: BuzzFeed Expects to Break Even This Year, Thanks to Heavy Cost Cuts | W Retail: Holiday shoppers are coming to town with health checklist: survey | R Virus Pandemic Fatigue Is Real—And It’s Spreading | W Coronavirus: WHO says stemming outbreak may require ‘sacrifice for many, many people’ | C Spain’s weary population may be a test for how many COVID-19 restrictions a population can take, says prominent epidemiologist | MW Study Shows Covid-19 Antibodies Waning Over Time, Suggesting Immunity Might Wear Off | W Corporate finance & regulation Ant Group to Raise More Than $34 Billion in Record IPO | W Adelson’s Sands Weighs $6 Billion Sale of Las Vegas Casinos | B Bayer to Buy Gene-Therapy Firm AskBio for Up to $4 Billion | W Dunkin’ Brands in Talks to Be Acquired by Arby’s Parent | W EU’s Vestager working on criteria to define market influence | R