What I Am Reading

Oct 14 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow closes more than 150 points lower and snaps 4-day winning streak | C U.S. Stocks End Lower as Earnings Season Begins | W The Stock Market Is Ignoring the Economy. Here’s Why | W Investors Prepare for Higher Treasury Yields as Election Looms | W IMF IMF warns of ‘sharp adjustment’ in financial markets | C Coronavirus Pandemic Could Pose ‘Major Resilience Test’ for Global Financial System, IMF Says | W China Growth Limits Global Economic Damage From Pandemic, IMF Says | W US JPMorgan, Citigroup Signal That Economy Isn’t Out of the Woods | W Social Security cost-of-living adjustment will be 1.3% in 2021 | C US politics Coronavirus stimulus: McConnell plans relief vote, Pelosi slams Trump | C Joe Biden Keeps Everyone Guessing On Wall Street Regulation | W Trump vs. Biden: Wall Street has lingering concerns about contested election | C Early voting in 2020 U.S. election already smashing 2016 levels | C Amy Coney Barrett confirmation hearings: Top moments from Day 2 | C Geopolitics & trade Boeing Subsidies Merit EU Tariffs on $4 Billion in U.S. Goods, WTO Rules | W Industries & companies Aerospace: Boeing Delivered 11 Aircraft in September And Won No New Orders | W Airlines: American Airports That Binged on Debt See Travel Slowly Revive | B Biotech: Covid-19 Biotech Rallies at Risk After Latest Study Pauses | B Media: TV Production Gets a Covid Makeover | W Media: Theater Chain AMC Says It Could Run Out of Cash by Year-End | W Pharma: Covid-19 Vaccines Offer Drug Makers Chance at Salvation, Financial and Beyond | N Retail: Online retail start-ups vie for shoppers’ attention on Amazon Prime Day | C Tech: PC Demand During Pandemic Fuels Strongest U.S. Market Growth in a Decade | W Tech: Apple enters 5G race with new iPhone 12s from ‘Mini’ to ‘Pro Max’ | R Virus The Third Wave of COVID-19 Is Here | NYMag U.S. Covid-19 Hospitalizations Hit Highest Level in Nearly Six Weeks | W J&J Hopes Covid-19 Vaccine Trial Will Restart Shortly | W Eli Lilly pauses trial of antibody drug Trump touted as COVID-19 ‘cure’ over safety concern | R HHS invests $480 million in Cue Health to boost manufacturing of rapid coronavirus test | C

Oct 13 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets Stock futures fall as investors await earnings season kickoff | C Stock market today: Dow rallies more than 200 points, Nasdaq posts best day in a month | C Tech Stocks Power Markets Higher | W Wall Street hopes fade for coronavirus aid before election, but trillions in new spending expected next year | MW Virus aid uncertainty could burn short-term investors | C China Taps the Brakes on a Yuan Rally | W US Layoffs a matter of if, not when, for booming Wall Street | P Opinion: Americans with criminal records will be left out of the recovery if we don’t fix these policies | NN US politics Trump says in return to campaign trail that he feels ‘powerful’ after COVID recovery | R Harris, fellow Democrats target Trump Supreme Court nominee on Obamacare | R Amy Coney Barrett Supreme Court Hearings: What to know about day 2 | C Geopolitics & trade Bridgewater’s Ray Dalio Says China Has Advantage in Power Struggle With US | B China’s Insistence That Taiwan Isn’t a Country Starts Backfiring | B Industries & companies Financials: Get ready for a good earnings season for big U.S. banks | MW Financials: Biggest US Banks Are Seen Adding to Their Reserves for Covid Pain Yet to Come | B Media: Disney reorganizes to focus on streaming, direct to consumer | C Media: Pixar’s ‘Soul’ ditches theaters, is heading to Disney+ for Christmas | C Media: Disney World Has No Coronavirus Infections Three Months After Reopening | National Review Real estate: A longstanding tax break for real estate investors could be coming to an end | MW Tech: Apple’s New iPhone 12 With 5G Technology Carries High Expectations | W Tech: Americans might not be able to take full advantage of the 5G iPhone | C Tech: PC demand hits biggest growth in more than a decade thanks to the pandemic | MW Virus Johnson & Johnson Covid-19 vaccine study paused due to unexplained illness in participant | C Dr. Fauci says U.S. faces ‘a whole lot of trouble’ as coronavirus cases rise heading into winter | C As Covid Cases Surge, More Public-Health Experts Say Lockdowns Aren’t the Answer | W Andy Puzder: COVID lockdown debate – Dems want science, they should look at the Great Barrington Declaration | FO As Coronavirus Infections Rise in Europe, So Do Travel Restrictions | W Covid-19 Cluster in China’s Qingdao Prompts City-Wide Testing | W Corporate finance Twilio to Acquire Customer-Data Firm for $3.2 Billion | W

Oct 12 (Monday) YRI Morning Briefing PDF Daily Markets Markets The Stock Market Shrugs Off a Host of Fears | BR Financial markets have waited patiently for fiscal stimulus. That might change soon | MW The Tech Sector’s Dividend Allure Is in Growth, Not Yield | BR Credit Interest rates – The eternal zero | Special report | E The Baby Boomer Bond Dilemma | N Central banks Global Economic Policy: Latest Analysis on Role of Central Banks in Finance | B U.S. Inflation and Federal Reserve: What Are Latest Forecasts for Investors? | B ECB’s Lane braces for tougher phase for euro zone economy: WSJ | R Global Winners and losers – The pandemic has caused the world’s economies to diverge | Leaders | E US Investors Are Betting Corporate Earnings Have Turned a Corner | W U.S. corporate earnings reports will shine a light on the uneven playing field in the year of the pandemic | MW Europe Europe’s Economic Recovery Is a Summer Memory | N US politics Trump’s stimulus proposal draws opposition from congressional Democrats and Republicans | R U.S. Supreme Court nominee Barrett pledges to follow law, not personal views | R Second presidential debate between Biden, Trump officially canceled | C Trump Interview Today: President Says Now Immune to Coronavirus, Unlike Biden | B Geopolitics & trade EU trade chief calls on U.S. to drop tariffs in Airbus-Boeing dispute: FT | R Trump backs revoking tariff exemption for some solar panel imports | R In Showing Off New ICBM, North Korea’s Kim Jong Un Returns to Old Tactic | W Industries & companies Financials: Banks Have Barely Touched the Fed’s Main Street Lending Program. Except This One. | W Industrials: Industrial Stocks Are Getting Ready for 10 Years of Outperformance. Here’s How to Play It. | BR Retail: Walmart, Target try to beat Amazon with curbside pickup | C Retail: Levi’s, Hilfiger Push a New Kind of Online Shopping. It Looks a Lot Like QVC. | W Tech: ‘Too Complex to Break Up’ Is the New ‘Too Big to Fail’ | W Tech: IBM Split Doesn’t Guarantee a Speedy Recovery, History Suggests | W Theme parks: Coronavirus threatens theme parks’ lucrative Halloween celebrations | C Virus U.S. sees highest number of new coronavirus cases in nearly two months | C Lessons for the Next Pandemic—Act Very, Very Quickly | W Trump’s Regeneron Treatment Is a Tangled Ethical Mess | BR Land of the mask-free – The real lessons from Sweden’s approach to covid-19 | Leaders | E People Harmed by Coronavirus Vaccines Will Have Little Recourse | W Corporate finance Richard Branson’s Virgin Orbit Seeks $1 Billion Valuation in Fundraising | W Technology Digital money – Ant Group and fintech come of age | Leaders | E Sierra Nevada Corporation’s space plan: Dream Chaser, NASA’s Artemis and more | C Offbeat Rafael Nadal Wins His 20th Grand Slam Title With French Open Victory | W

Oct 10 (Saturday) YRI Morning Briefing PDF Daily Markets Markets Dow closes 160 points higher, posts best week since August as investors monitor stimulus talks | C Value stocks are poised to crush growth stocks after the presidential election | MW Panic in the Parking Lot for Cash | N US Earnings could be a positive force for stocks as Washington continues to wrangle over stimulus | C Trump steel tariffs bring job losses to swing state Michigan | R US politics I White House Draws Up New $1.8 Trillion Virus-Relief Proposal | W Small-Business Loans Will Be Forgiven, but Don’t Ask How | N Jim Cramer says the market doesn’t show need for coronavirus stimulus | C Aviation contractors axed jobs as U.S. delayed aid, House panel finds | R US politics II Trump says Pelosi’s 25th Amendment bill is about replacing Biden with Harris | C Second presidential debate between Biden, Trump officially canceled | C Twitter Slows Down Retweets Ahead of U.S. Election | W Trump to hold in-person event at the White House on Saturday, then head to Florida rally Monday | C Industries & companies Consumer discretionary: California OSHA fines Amazon for coronavirus safety violations | C Media: Why Disney World Is Open but Disneyland Is Closed | W Retail: Target, Walmart reveal sales to compete with Amazon’s Prime Day | C Tech: Canalys: Q3 PC shipments hit fastest growth in a decade | C Tech: Apple’s 5G iPhone launch has investors hoping for ‘unprecedented upgrade cycle’ | MW Telecom: Cellphone Carriers Lobby Against Pentagon Plan for National 5G Network | W Utilities: PG&E Equipment Might Have Ignited Northern California Wildfire | W Virus As Covid-19 Cases Surge, Europe Turns to New Testing Methods | W Facing Resistance, Spain Declares State of Emergency to Stem Madrid’s Covid-19 Outbreak | W Dr. Scott Gottlieb: Coronavirus antibody drugs won’t end U.S. epidemic | C Coronavirus: Trump health official blasts Nevada after state ends use of rapid tests in nursing homes | C Microsoft Will Let Some Staff Work From Home Routinely Post-Pandemic | W Corporate finance AMD Is in Advanced Talks to Buy Xilinx | W IBM to Spin Off Services Unit to Accelerate Cloud-Computing Pivot | W London Stock Exchange Group Sells Italian Exchange for $5.1 Billion, Paving Way for Refinitiv Deal | W Offbeat What the Pandemic Has Taught Us About Science | W Hurricane Delta makes landfall in southwestern Louisiana | C U.S. Crop Report Signals Worsening Global Food-Insecurity Crisis | B

Oct 09 (Friday) YRI Morning Briefing PDF Daily Markets Markets Wall Street ends higher as Trump boosts hopes of stimulus | R Stocks are rallying because fears of a contested election are fading | MW Stocks look to be setting up for a year-end rally despite election worries and lack of stimulus | C Here’s why the prospect of a Democratic clean sweep in November’s elections is rattling a sleepy U.S. bond market | MW Are oil dividends in danger? The options market doesn’t think so | C Central banks Years of low interest rates made the current economic crisis worse, Fed’s Rosengren says | C US Red hot home prices have more consumers saying now is a bad time to buy | C U.S. weekly jobless claims inch lower, but remain stubbornly high | R U.S. Budget Gap Tripled in Fiscal 2020 as Government Battled Pandemic | W US politics I The Vice Presidential Debate: The Moments That Mattered | W Trump rejects virtual debate with Biden, who announces solo event instead | R These households can expect a tax increase under Biden’s tax plan | C US politics II U.S. airline aid up in the air as pandemic relief talks resume | R Pelosi rejects idea of a stand-alone fiscal stimulus measures | MW Second stimulus check: You may get $1,200 in the next 26 days | C A breakdown of whether the Democrats’ stimulus bill is actually a ‘bailout’ of blue states | C Trump unchained? Afghan troop surprise shows pre-election impulse to upend policy | R Industries & companies Financials: Banks’ Arctic Financing Retreat Rattles Oil Industry | W Financials: With $20 billion in deals this year, Morgan Stanley pivots further away from risky Wall Street | C Media: WarnerMedia Plans Thousands of Job Cuts in Restructuring | W Retail: Dollar General to Open Stores Aimed at Wealthier Shoppers | W Tech: Apple will extend free Apple TV+ trials for three months | C Tech: Samsung Electronics Forecasts Highest Operating Profits in Two Years | W Virus Trump’s vaccine czar says the first vaccine should be submitted for emergency authorization around Thanksgiving | MW Moderna Vows to Not Enforce Covid-19 Vaccine Patents During Pandemic | W FDA grants emergency clearance for GenMark test that screens for the flu, coronavirus and other viruses | C Fauci says ‘reasonably good chance’ Regeneron antibody therapy helped Trump | R Corporate finance Morgan Stanley (MS) Agrees to Buy Eaton Vance (EV) for About $7 Billion | B IBM to Spin Off Services Unit to Accelerate Cloud-Computing Pivot | W Offbeat Plot to kidnap Michigan governor thwarted; 13 arrested, officials say | R 10 Books Warren Buffett Thinks You Should Read | Inc.com

Oct 08 (Thursday) YRI Morning Briefing PDF Daily Markets Markets Futures little changed after Dow posts best day since July on stimulus optimism | C The stock market may be too optimistic about stimulus chances | C Stocks Rise as Trump Appears to Soften Stance on Stimulus | W Why oil got left behind as stocks soar on revived stimulus hopes | MW Global Unemployment is world’s biggest risk, business leaders say | R Central banks Split on applying new framework, Fed struggles over economic outlook as well | R Fed Faced Divisions Over Low-Rate Promises Last Month | W Fed’s Williams: Fed Already Buying Bonds at ‘Extremely High Level’ | W Fed’s Evans Says His Recovery Forecast Depends on Renewed Fiscal Aid | W US Opinion: What record growth numbers miss about the economic recovery | NN Failed U.S. stimulus talks could threaten economic recovery | R Europe European Union Moves Closer to Common Debt Issuance | W Europe’s Covid-19 Testing Programs Creak as Demand Surges | W China Behind China’s Latest Property Boom: Doormen and Gardeners | W US politics I Trump Calls for Some Covid-19 Relief Measures After Shutting Down Stimulus Talks | W Wait, Wall Street Is Pro-Biden Now? | N Fed Tenure Boosts Lael Brainard as Potential Biden Treasury Pick | W US politics II Trump coronavirus update: Symptom-free for 24 hours, doctor says | C Trump says catching COVID-19 was a ‘blessing from God’ | R Trump’s illness puts more focus on Pence, Harris showdown in VP debate | R Industries & companies Airlines: U.S. airlines await new shot at federal aid as Pelosi, Mnuchin talk | R Communication services: Facebook will halt political ads in the US after polls close on Nov. 3 | C Financials: Citigroup fined $400 million by U.S. regulators for ‘longstanding deficiencies’ | C Hotels: Pummeled by the Pandemic, Hotel Owners Get Creative With Their Space | N Materials: There’s Clean Aluminum and Dirty Aluminum. Can Anyone Tell the Difference? | W Media: Ad Tech Could Be the Next Internet Bubble | WIRED Pharma: Eli Lilly shares jump after company says it’s seeking FDA clearance for antibody drug | C Restaurants: Danny Meyer says restaurants can’t hire ‘if we go out of business’ | C Retail: Stimulus doubts stoke uncertainty for retail as holidays loom ahead | C Tech: House Panel Says Big Tech Wields Monopoly Power | W Tech: EU Signals More Antitrust Scrutiny of Tech After Broadcom Settles Dispute | W Virus Regeneron antibodies in demand after Trump treatment, doctors seek more data | R VP Debate: Plexiglass barriers ‘are a joke,’ won’t stop coronavirus, medical experts say | C

Oct 07 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stocks set to fall a second day after Trump halts stimulus talks | C Dow closes 375 points lower as Trump calls end to fiscal stimulus talks until after election | MW Despite Trump’s move, markets are still expecting stimulus and a sizable one if Democrats sweep | C   Central banks Jerome Powell, Fed Chair, Says Economy Has ‘a Long Way to Go’ as Trump Calls Off Stimulus Talks | N Fed’s Powell Says U.S. Faces ‘Tragic’ Risks From Doing Too Little to Support Economy | W Trump’s ending of stimulus talks will mean a ‘much slower’ recovery, Fed’s Mester says | C ECB Study Finds Signs of Eroding Central Bank Independence | B   US America’s Municipal Governments Fret As Stimulus Talks Collapse | B   US politics Coronavirus stimulus update: Trump ends talks until after 2020 election | C Trump Plays Down Coronavirus, Plans to Debate Joe Biden Next Week | W Facebook Removes Trump’s Post About Covid-19, Citing Misinformation Rules | W HHS threatens to withhold federal funding from hospitals that fail to report coronavirus data | C   Industries & companies Aerospace: Boeing Expects Pandemic to Put Big Dent in Jet Demand | W Airlines: Boeing, airline stocks tumble after Trump calls off stimulus talks | C Autos: GM, Ford Need Electric-Car Batteries, but Take Different Paths to Get Them | W Industrials: GE Says It Has Received ‘Wells Notice’ From SEC Relating to Accounting Investigation | W Retail: How Coronavirus Changed the Retail Landscape | W Tech: House Democrats say Facebook, Amazon, Alphabet, Apple enjoy ‘monopoly power’ | C Tech: Google ‘overwhelmingly’ dominates search market, House committee finds | C   Corporate finance Momentus to go public through SPAC with near $1 billion valuation: Source | C

Oct 06 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets U.S. Stocks Close Higher on Signs of Muted Political Risk | W What Trump’s battle with Covid means for the stock market | NN Treasury Yields Hit Highest Levels Since June | W Central banks Fed’s Evans Says New Inflation Framework Would Have Limited Earlier Rate Hikes | W Global U.S. Services Activity Rose as New Curbs Weighed on Europe, Asia | W US U.S. commercial bankruptcies up 33% year to date | R The Covid Economy Carves Deep Divide Between Haves and Have-Nots | W ‘Cancel rent’ is a recipe for housing disaster | P Calamities Challenge California’s Economic Foundation | N US politics I Trump Aides Unsure They Can Keep Him Contained at White House | B Trump to be discharged from hospital Monday, but may ‘not entirely be out of the woods yet’ | C Doctors worry Trump could be ‘overtreated’ for coronavirus because he’s a VIP | C Trump press secretary Kayleigh McEnany tests positive for coronavirus | C Trump Coronavirus: Campaign shifts fundraising while President receives treatment | C US politics II Why Biden Would Start Tax Increases at $400,000 a Year | W Amy Coney Barrett on SCOTUS could affect workplace protections | USA Coronavirus stimulus update: Pelosi, Mnuchin talk but reach no deal | C Geopolitics & trade U.S. Steps Up Efforts to Counter China’s Dominance of Minerals Key to Electric Cars, Phones | W Industries & companies Financials: American Express Opens Largest Centurion Lounge in JFK Airport | C Media: ‘Dune’ release date reportedly pushed back to October 2021 | C Media: CEO of Regal Cinemas owner on closing movie theaters during pandemic | C Media: AMC stock falls 10% as rival Cineworld closes movie theaters | C Retail: Walmart signs drone deals as it races to play catch-up with Amazon | C Corporate finance Europe’s Nexi Agrees to Acquire SIA for Almost $5.4 Billion in Stock | W Bristol to Pay $13.1 Billion for Heart-Drug Maker MyoKardia | W Virus I WHO says 10% of global population may have been infected with virus | C As Second Covid-19 Wave Rolls Through Europe, Deaths and Hospitalizations Rise | W New York Gov. Cuomo orders some NYC schools closed amid coronavirus flare-up | C Scott Gottlieb believes China Covid-19 case count, rips U.S. response | C Virus II Covid-19 Vaccine Delivery Will Present Tough Challenge to Cargo Airlines | W Covid-19 Patients: Nearly One-Third Had Altered Mental State [Study] | N CDC revises coronavirus guidance to acknowledge that it spreads through airborne transmission | C

Oct 05 (Monday) YRI Morning Briefing PDF Daily Markets Markets Dow futures up 150 points as investors monitor Trump response to coronavirus treatment | MW How to Build the Best Bond Portfolio for Crazy Times | BR China’s Economic Recovery Helps Drive Its Stocks Higher | W Global Starting over again – The covid-19 pandemic is forcing a rethink in macroeconomics[: MMT] | Briefing | E US U.S. Job Gains Slow as More Layoffs Become Permanent | W Reopening the economy can’t save small business if consumers won’t return | Vox The three pillars – Why, despite the coronavirus pandemic, house prices continue to rise | Finance & economics | E Why These Millionaires Are Staying Put Despite a New Tax on Them | N Europe The sleeping giant wakes up – Thirty years after reunification, Germany is shouldering more responsibility | Leaders | E China Mass destruction – China is demolishing villages and forcing people into bigger ones | Leaders | E Not forever grand – Is China’s biggest property developer truly too big to fail? | Finance & economics | E US politics I White House Cautiously Optimistic About Trump’s Health After Day of Mixed Signals | W Trump put on dexamethasone, steroid recommended for severe Covid-19 cases | C Trump experienced oxygen drops, could be discharged Monday, doctor says | C Inside Trump’s Last Public Event Before Disclosing He Has Coronavirus | W White House hoped testing would keep coronavirus out, but it didn’t | C US politics II U.S. House Speaker Pelosi says making progress on coronavirus relief legislation | R Coronavirus stimulus update: Trump urges Congress to pass relief bill | C The Stock Market’s Leaders Appear Most Vulnerable to Biden’s Tax Plan | W America’s election – Bidenomics: the good the bad and the unknown | Leaders | E Industries & companies Autos: GM, Ford Need Electric-Car Batteries, but Take Different Paths to Get Them | W Communications services: Facebook Says Government Breakup of Instagram, WhatsApp Would Be ‘Complete Nonstarter’ | W Media: Regal Cinemas Likely Suspending Operations at All U.S. Locations | W Virus NYC ‘on the edge of a precipice’ as coronavirus cases grow, ex CDC director says | C Nine ZIP codes in New York City may shut down after Covid spikes, mayor says | C Offbeat Pope Francis Says Covid-19 Pandemic Shows Limits to Market Economics | W Debt cancellation needed to help poorest countries: World Bank president | R The other half – Measuring poverty in the midst of America’s covid-19 epidemic | United States | E Working From Home Hurts Young People | Atlantic Tripling America’s Population to Save America, or End it?

Oct 03 (Saturday) YRI Morning Briefing PDF Daily Markets Markets After Record U.S. Corporate-Bond Sales, Slowdown Expected | W Central banks Dallas Fed’s Kaplan Lays Out Path for Additional Federal Reserve Aid, If Needed | W US ‘Massively concerning’ jobs report sends a signal that the economic recovery could be fading | C U.S. Job Gains Slow as More Layoffs Become Permanent | W Here’s where the jobs are for September 2020 — in one chart | C Strong Job Growth, a Terrible Job Market: The Bizarre 2020 Economy | N The jobs market is far bleaker than the headline stats show | FT Frontline workers in eye of pandemic storm for months, now fending off repo man | MW US politics Stimulus Talks: Pelosi Optimistic, Says Trump’s Covid Diagnosis Changes Dynamic | B Pelosi asks airlines to pause furloughs, vowing additional aid, but no deal yet | C Voting by Phone: The Promise and Peril of Digital Ballots | W Industries & companies Autos: Tesla Quarterly Deliveries Hit Record as Car Maker’s Pandemic Recovery Speeds Up | W Retail: Walmart Sells Majority Stake in Asda to U.K. Consortium in $8.8 Billion Deal | W Virus I What we know—and don’t know—about the president’s coronavirus diagnosis so far | C President Trump taken to Walter Reed Military Medical Center as a ‘precautionary measure’ | C Trump receives experimental coronavirus treatment as drug companies seek the right approach to mild and moderate forms of COVID-19 | MW Dizzying scenarios: When something happens to a president, who takes charge? | C Virus II White House Takes Issue With FDA’s Plans for Authorizing a Covid-19 Vaccine | W Report: Pfizer CEO tells employees COVID-19 vaccine will move only at ‘speed of science’ | MW The Millionaire Who Gave Moderna a Shot | W Amazon Says More Than 19,000 Workers Have Had Positive Coronavirus Tests | W Offbeat The Carnival Parade Is Canceled, and Rio Is Reeling | N How Covid Broke Times Square, the Heart of New York’s Economy | W