What I Am Reading

Sep 21 (Monday) YRI Morning Briefing PDF Daily Markets Markets Investors could be overplaying the election as a lasting driver of the stock market, history shows | C Seeking Stock-Market Bargains? Try Europe and Japan | BR How to Think Long Term With Near-Zero Interest Rates | W Central banks Off target – The ECB’s lack of credibility could hamstring Europe’s recovery | E Federal Reserve: Jerome Powell Road Map for Future Rates in U.S., Analysis | B Fed’s Kashkari Says New Forward Guidance Could Have Been Stronger | W Global The 90% economy, revisited – Is the world economy recovering? | E US CEOs Start to Place Big Bets as Pandemic Grinds On | W The Almighty Consumer Will Stumble in the Coming Year, Says Liz Ann Sonders | BR Coronavirus: Recession ends for rich, crisis persists for others | C Is America’s Favorite Retirement Plan Broken? | W US politics Trump to pick nominee to fill Ginsburg Supreme Court seat this week and the candidate will be a woman | C If U.S. election winds up in Supreme Court, Ginsburg’s death will loom large | R Supreme Court Seat Gives Democrats and GOP a Way to Energize Supporters | W Biden to weigh in on fight over Trump’s next Supreme Court nomination | R China In China, Paying With Your Face Is Hard Sell | W Europe EU seeks new powers to penalize tech giants: report | C Geopolitics & trade China-U.S. News: What Companies Are on Unreliable Entity List From Beijing? | B Trump agrees to deal in which TikTok will partner with Oracle and Walmart | C ByteDance says not aware of $5 billion education fund in TikTok deal | C Corporate contortions – Will TikTok survive? | E WeChat: Donald Trump’s Prohibition in U.S. Put on Hold by Judge Before Ban | B Industries & companies Autos: Electric cars – Who will rule the Teslaverse? | E Energy: The new energy order – Is it the end of the oil age? | E Energy: A less oily BP – How BP’s newish boss sees the future of fossil fuels | E Energy: Oracle’s Trump card – Who are the TikTok saga’s biggest winners? | E Retail: Why Albertsons Is a Buy: More Meals at Home and the Stock Is Cheap | BR Tech: Short circuit – Can Nikola become the next Tesla? | E Corporate finance Nvidia’s Deal for Arm Holdings Is Risky and Very Smart | BR Integrating circuits – How Nvidia’s purchase of Arm could open new markets | E European Banks Consider Mergers for Survival | W Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech | C Steam engine in the cloud – How Snowflake raised $3bn in a record software IPO | E Technology Covid Is Making Cash History. How to Profit From the Digital-Payment Future. | BR Offbeat Citadel Securities, Quantlab Loom Over Trial Probing Whether Human Traders Tricked Machines | W Companies’ New Back-to-Work Dilemma: Who Comes First? | W

Sep 19 (Saturday) YRI Morning Briefing PDF Daily Markets Markets Stocks Finish Week Lower as S&P 500 Dragged Down by Tech Shares | W The Fund-Flows Indicator Is Behaving Strangely | Morningstar Platinum, Palladium Prices Diverge as Car Makers See Uneven Recovery | W Corporate debt frenzy rolls on as worries loom over markets | R Central banks Fed’s new framework met with a confused shrug by the public: survey | R Fed’s Bullard says ‘biggest growth quarter of all time’ will lift inflation | C Fed’s Kashkari says warnings of runaway inflation are just ‘ghost stories’ | MW Fed to add pandemic-recession scenarios to next round of big banks’ stress tests | MW Kashkari Urges Big Investors to Demand Banks Hold More Capital | B Fed Hires BlackRock to Help Calm Markets. Its ETF Business Wins Big. | W US Millions Are House-Rich but Cash-Poor. Wall Street Landlords Are Ready. | W US politics Fiscal fizzle saps U.S. economic recovery, a possible boost to Biden | R Ruth Bader Ginsburg, a Liberal Voice on Supreme Court, Dies at 87 | W Europe Europe Is Falling Behind on 5G Rollout, Top Companies Warn | W Geopolitics & trade U.S. Bans Chinese Apps TikTok and WeChat, Citing Security Concerns | W Trump to block downloads of TikTok, WeChat on Sunday | C Industries & companies Autos: The Incredible Shrinking GM: Mary Barra Bets That Smaller Is Better | W Virus Trump says U.S. will manufacture enough coronavirus vaccine doses for every American by April | C How to Ship a Vaccine at –80°C, and Other Obstacles in the Covid Fight | N ‘Pandemic fatigue’ leads to resurgence of coronavirus in Europe | C CDC Reverses Relaxation of Covid-19 Testing Recommendations | W Lancet Medical Journal Changes Peer-Review Process Amid Flurry of Covid-19 Research | W Corporate finance SoftBank Sells Brightstar, Carrying On Its Divestiture Spree | W Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech | C Sequoia had a $9 billion week from three IPOs and helped on TikTok | C Offbeat Lake Tahoe Booms in Tech’s Work-From-Anywhere Shift | B

Sep 18 (Friday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow closes more than 100 points lower, Apple and Microsoft drag down tech | C U.S. Stocks Lower as Fed Outlook Rattles Investors | W Small Tech Stocks Soar as the Future Arrives Early | N The market isn’t convinced the Federal Reserve can achieve its inflation objective | C Central banks Powell Laid the Blueprint for Tech’s Eventual Wreck With QE Punt | B Federal Reserve weighs bank dividends as it prepares second stress test | R US U.S. economic rebound may be a slow train for the unemployed | R U.S. Unemployment Claims Held Steady at 860,000 Last Week | W Unable to Pay Rent, Small Businesses Hope for a Deal With Their Landlord | N US politics Election 2020: How Trump and Biden Compare on the Key Issues | W China Chinese Communist Party Seeks Sway Over Private Business | N Japan Japan’s August consumer prices fall at fastest pace in four years | R Abenomics After Abe by Akira Kawamoto | Project Syndicate Industries & companies FAANGs: Amazon was the USPS’ ‘largest customer’ in 2019, internal docs show | C Geopolitics & trade Oracle, Walmart Aim for Big Stakes in TikTok | W TikTok set to IPO globally if Trump approves deal with Oracle, Walmart | C China, Once Germany’s Partner in Growth, Turns Into a Rival | W Corporate finance Unity prices IPO above range at $52, valuing company at $13.7 billion | C Snowflake’s first-day pop means IPO left $3.8 billion on the table, the most in 12 years | C Virus I Covid-19 Vaccine Study Results Could Come Late October, Moderna CEO Says | W Pfizer vaccine trial bets on early win against coronavirus, documents show | R Moderna vaccine trial investigator worries about political pressure | C Hopes for Covid-19 Vaccine Spark Partisan Fight Over Safety, Timing | W Virus II Contact Tracing, the West’s Big Hope for Suppressing Covid-19, Is in Disarray | W Why Did Covid Overwhelm Hospitals? A Yearslong Drive for Efficiency | W America’s Offices Sit Half-Empty Six Months Into the Covid-19 Pandemic | W Texas pushes forward with business reopenings as coronavirus cases, hospitalizations slide, Gov. Abbott says | C Goldman Sends Some Traders Home After Covid-19 Case in Manhattan | B

Sep 17 (Thursday) YRI Morning Briefing PDF Daily Markets Markets S&P 500 ends down after late reversal despite Fed’s low-rate stance | R Some wealthy Americans are already prepping their finances for a Joe Biden presidency — here’s how | MW Japanese Stocks Will Do Well Under Suga If History Is a Guide | B Central banks I Fed decision September 2020: Interest rates unchanged | C Fed Sets Higher Hurdles for Rate Increase | W Fed touts economic recovery, vows to keep interest rates low | R Fed defends ‘pedal to the metal’ policy and is not fearful of asset bubbles ahead | R Central banks II Parsing the Fed: How the September Statement Changed from July | W Powell Says Fed Working on Changes to Main Street Program | B Fed picks its side in inflation debate and sends market a message — no rate hikes for years | C Why Is The Fed Trying To Create Inflation? – Steve Forbes US Why Unemployment Claims May Be Overcounted by Millions | N Americans Keep Spending, but Growth of Retail Sales Slows | N Fading fiscal stimulus restraining U.S. consumer spending | R US politics Coronavirus stimulus update: Trump suggests he could back bigger relief bill | C Coronavirus stimulus: House Republicans try to force PPP small business vote | C Joe Biden hammers Trump on health care and coronavirus | C Japan Yoshihide Suga Becomes Japanese Prime Minister as Abe Era Ends | W Geopolitics & trade Oracle Will Review TikTok Source Code to Watch for Chinese Access | W Trump says ‘not prepared to sign off’ for Oracle-TikTok deal Industries & companies Airlines: Airlines, labor unions again push for another $25 billion in coronavirus aid as more than 30,000 job cuts loom | C FAANGs: iOS 14 Review: Your iPhone Will Look Completely Different Now, if You Want | W Retail: U.S. Retail Spending Grew at Slower Pace in August | W Cybersecurity & technology U.S. Charges Chinese Nationals in Cyberattacks on More Than 100 Companies | W U.S. charges seven in wide-ranging Chinese hacking effort | R How coronavirus could usher in a new age of automation | C Virus Coronavirus: CDC says U.S. should have enough vaccine to return to ‘regular life’ by third quarter of 2021 | C Trump says U.S. could start distributing a coronavirus vaccine in October, contradicting CDC’s timeline | C Trump contradicts CDC director on vaccines: ‘he was confused’ | R Covid-19 Antibody Drug Shown to Reduce Hospitalizations, Eli Lilly Says | W CDC is developing new coronavirus testing guidance for screening at schools, businesses | C Offbeat Business Shifts From Resistance to Action on Climate | W

Sep 16 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock futures flat as investors await Fed meeting | C Stock market today: S&P 500 and Nasdaq close higher as tech leads broad market gains | C Why Did Stock Markets Rebound From Covid in Record Time? Here Are Five Reasons | W Ray Dalio Warns of Threat to Dollar as Reserve Currency | B Market volatility is set to swell after election, Wells Fargo warns | C Central banks The Fed could still move markets Wednesday even with rates on hold for the foreseeable future | C US U.S. Industrial Production Points to Slowing Manufacturing Recovery | W U.S. Incomes Up, Poverty Rate Down in 2019 | W How Much Richer The Wealthiest Americans Got in the Last Economic Expansion | B US politics Pelosi Says House Should Remain in Session Until Coronavirus Stimulus Deal Is Reached | W White House open to ‘Problem Solvers’ compromise in coronavirus aid fight | R Chuck Schumer calls for HHS Secretary Alex Azar to resign immediately | C Virus Will New York Face a Second Wave of Covid-19? | B Hospitals Failed to Fully Contain Covid-19 Inside Their Walls | W The coronavirus has killed at least 121 young people in the U.S., mostly minorities, CDC says | C Industries & companies Consumer: Kraft Heinz to Sell Part of Cheese Business for $3.2 Billion | W FAANGs: Amazon has rapidly expanded its air fleet during the pandemic | C FAANGs: Apple Watch: Family Settings feature requires no iPhone, a first | C Financials: Banks lower revenue outlook as pandemic crimps loan demand | R Financials: Citigroup Gives Wall Street a Sobering Message | W Fitness: Peloton thinks it can grow to 100 million subscribers. Here’s how | C Restaurants: Starbucks Sales Recovery Has ‘a Ways to Go’ as Pandemic Quiets Cities | W Shipping: FedEx Logs Record Revenue on Surge in Packages | W Corporate finance Lots of IPOs are hitting the market this week. Invest with caution | C Snowflake Is Said to Price IPO Above Range at $120 a Share | B China’s ByteDance to Keep Majority TikTok Stake in Oracle Deal Under U.S. Consideration | W

Sep 15 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets U.S. stock futures fall slightly after Monday’s rally | C Stock Benchmarks Close Higher to Start the Week | W Stock market’s 7% pullback? Get ready for more, as a 2009-style ‘stair-step’ rally continues, says Wall Street bull | MW ‘Real’ Bond Yields Help Explain Surprising Market Moves | W Central banks Why Fed Officials Are Pushing for More Stimulus From Lawmakers | W US Paper towel shortage: Why it’s hard to find paper towels again | NN US politics Absence of Coronavirus-Aid Deal Prompts Blame Game in Washington | W States try to plug gaps in Trump’s $300 unemployment benefits program | C Biden Budget to Result in Highest Spending in Decades, Study Finds | W Joe Biden’s economy would be too much like Europe’s | MW Trump and Biden clash over U.S. wildfires as campaign turns to climate change | R Geopolitics & trade Japan’s Next Leader to Be Thrust Into Clash Over China | W Oracle Deal With TikTok to Undergo U.S. National Security Review | W Industries & companies Airlines: Delta to Use Frequent-Flier Program to Raise $6.5 Billion | W Autos: Tesla shares jump more than 12% amid tech rebound, Goldman comments | C Media: Markets Already Betting on Tokyo Disneyland’s Return to Normal | B Corporate finance Verizon to Buy TracFone in Deal Valued at Nearly $7 Billion | W Klarna now Europe’s biggest fintech unicorn at over $10 billion value | C Barra: GM conducted ‘appropriate diligence’ on $2 billion Nikola deal | C Virus People who tested positive for COVID-19 were twice as likely to have recently eaten at a restaurant: CDC | MW Covid-19 Test Maker Examines False-Positive Results in Nursing Homes | W Offbeat West Coast Fire Map: Where California, Oregon and Washington Have Wildfires | B Sally intensifies, could wallop U.S. coast with 110-mph winds | R Home Depot co-founder Arthur Blank on corporate profits, social change | C

Sep 14 (Monday) YRI Few Gains Ahead for the S&P 500, but Lots of Drama Beneath the Surface: Strategists I BR Morning Briefing PDF Daily Markets Markets Is the Stock Market in a Bubble? Yes, Here’s What to Know. | BR The Wildly Popular Trades Behind the Market’s Swoon and Surge | W How Retail Investors Are Fueling the Nasdaq’s Wild Ride | BR Why the Emerging-Markets Rally Looks Shakier for the Rest of the Year | BR Why Volatile Commodity Prices Could Be Buying Opportunities | BR Central banks ECB’s Lagarde shifts burden to governments to aid recovery | R Japan’s Suga says no limit to bonds government can issue | R US U.S. economy is improving, weeks before the election. Will Trump benefit? | R Inflation Is Popping Up in the Strangest Places | BR U.S. Cost of Living Is Higher Than Official Inflation Rate Shows | B More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living | NPR At risk of losing their home, health, and internet: 12 million Americans still waiting for unemployment benefits | NBC PPP: Why third-quarter taxes are confusing small businesses | C Europe Italy Seeks Economic Rebirth With EU Coronavirus Recovery Money | W US politics Trump and Biden ‘Made in America’ tax plans ignore the real problem | MW Bloomberg will spend at least $100 million in Florida for Joe Biden | C The boomers’ last stand – Younger Americans feel their voting weight | E Shelter in place – Can the Trump administration halt evictions on public-health grounds? | E Trading Powerhouses Join Exchanges in Fighting N.J. Tax Plan | B Geopolitics & trade Down but not out – How has trade survived covid-19? | E Industries & companies Aerospace: Former Top Boeing 737 MAX Officials Defend Design Process | W Airlines: United CEO: Demand unlikely to recover until vaccine widely available | C Hotels: Marriott built an ‘Airbnb’ before coronavirus crashed travel. Did it help? | C Fitness: Peloton: How gyms plan to get Americans working out again | C Media: Disney Wanted to Make a Splash in China With ‘Mulan.’ It Stumbled Instead. | N Corporate finance SoftBank Nears $40 Billion Deal to Sell Arm Holdings to Nvidia | W Embattled SoftBank renews talks on taking the group private, FT reports | R Gilead Nears Deal to Buy Immunomedics for More Than $20 Billion | W Badwill hunting – Why are European banks merging? | E Virus The Dakotas have highest number of new virus cases in the country | C Coronavirus: Pfizer vaccine could be given to Americans before end of year, CEO says | C AstraZeneca coronavirus vaccine clinical trials resume in U.K. after pause over safety concerns | C Health experts criticize Trump over reports of CDC interference | C Stop ‘demonizing’ students for Covid-19, say mental health experts | C West coast fires Fires in Oregon, California and Washington spread, death toll rises | C Golden State ablaze – Why is California burning? | E Climate change: Why heatwaves are more deadly as nights warm faster | C Climate change is huge risk for the American financial system, a major new bipartisan report says | MW Air quality apps: PurpleAir, AirNow, IQAir, essential in western U.S. | C Offbeat Office politics: The fight over the future of work | E The future of work – Is the office finished? | E Goodbye, Open Office. Hello, ‘Dynamic Workplace.’ | W

Sep 12 (Saturday) YRI Morning Briefing PDF Daily Markets The stock market’s pullback is ‘healthy’ and gives earnings a chance to catch up to prices, Wall Street bull Ed Yardeni says Markets Dow ends higher but Wall Street posts second straight weekly drop on tech slide | R Stock market today: Nasdaq closes lower to end its worst week since March as tech continues to struggle | C Equity market turmoil seen unlikely to provoke rapid Fed response | R This 1 big change in the market means higher stock prices are likely over the next few weeks | MW NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades | W Lumber Poised to Fall With Autumn’s Approach | W Global Global Economic Recovery Shows Signs of Slowing | W US Used cars drive U.S. consumer prices higher; inflation pressures firming | R Drop in College Tuition Is Helping Hold Down U.S. Inflation | B U.S. budget deficit tops $3 trillion with one month left in fiscal 2020 | R US politics U.S. economy is improving, weeks before the election. Will Trump benefit? | R Trump can beat Biden, analyst says — watch for ‘a big Q3 GDP figure,’ a strong first debate | MW Geopolitics & trade China would rather see TikTok U.S. close than a forced sale | C Industries & companies FAANGs: Apple App Store new rules will affect Google Stadia, Microsoft xCloud | C Financials: JPMorgan creates new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb | C Media: ‘Wonder Woman 1984’ Delayed as Pandemic Slows U.S. Theater Reopenings | W Media: Coronavirus: Movie theaters rushed to reopen, blockbusters were pushed | C Retail: Many Retailers Are Closing. That’s Good for Macy’s and Other Survivors. | BR Tech: Big Tech is turning on one another amid antitrust probes and litigation | MW Tech: Microsoft Azure versus Amazon AWS in connecting satellites to cloud | C Tech: Nikola shares plunge more than 14% amid dispute over short-seller allegations | C Virus U.S. coronavirus data is ‘disturbing,’ Dr. Fauci says in disputing Trump | C China Injects Hundreds of Thousands With Experimental Covid-19 Vaccines | W South Korea’s Coronavirus Lesson: School’s Out for a While | W In Worst-Hit Covid State, New York’s Cuomo Called All the Shots | W Kids caught coronavirus at child care, infected family, CDC report says | C Offbeat California Governor Says ‘This Is a Damn Climate Emergency’ | B Ten percent of Oregon told to evacuate as U.S. West wildfires kill 24 | R Wildfires Live Updates: Dozens Reported Missing in Oregon | N California’s Air Quality Is Poor. Here’s How to Protect Yourself. | N

Sep 11 (Friday) YRI Morning Briefing PDF Daily Markets Markets Stock futures rise slightly following Thursday’s wild ride | C Stock market today: Dow closes 400 points lower as tech sell-off resumes | C U.S. Stocks Close Lower After Erasing Early Gains | W What’s happening now with M&A is going to make today’s stock investors wish they’d sold sooner | MW Jim Cramer: Cash is king as markets face a rough month | C Central banks Fed’s new policy shift to have no major impact, say economists: Reuters poll | R US politics U.S. Senate defeat of ‘skinny’ coronavirus aid bill puts it on ‘dead-end street’ | R What We Learned From Woodward’s New Trump Book | W Trump says everyone knew the coronavirus was airborne in February: It’s ‘no big thing’ | C 2020 election news: Voters see Trump, Biden as mentally unfit to be president | C Geopolitics & trade Russian Hackers Have Targeted 200 Groups Tied to U.S. Election, Microsoft Says | W Huawei to Launch Smartphones Without Google Android | W Industries & companies Financials: Citigroup’s Jane Fraser to Succeed Michael Corbat as CEO | W Financials: JPMorgan Top Brass Tell Trading-Floor Staff to Come Back to the Office | W Fitness: Peloton Posts First-Ever Profit as Pandemic Speeds Sales | W Retail: RH CEO expects elevated demand for home decor to carry through 2021 | C Retail: LVMH Says Tiffany’s Handling of Pandemic Invalidates Merger | W Tech: Oracle Results Bolstered by Cloud-Computing Growth | W Tech: Exclusive: Microsoft believes Russians that hacked Clinton targeted Biden campaign firm – sources | R Corporate finance Century 21 Files for Bankruptcy, to Close All 13 Stores | W Virus Several Covid-19 Vaccines Could Join Winner’s Circle | W To Keep Schools Open as Covid Surges, Europe Isolates Infected Students | W

Sep 10 (Thursday) YRI Morning Briefing PDF Daily Markets Markets Wall Street ends higher on tech rally to snap three-day skid | R Investors are buying the dip for now, but the market rout is likely not over | C Asian markets seen firmer after Wall Street turns positive | R Beaten-down U.S. dollar regains mojo in equities tech wreck — here’s what it will take to sustain the bounce | MW Central banks ECB to take aim at strong euro with hints of more stimulus | R Federal Reserve Nominee Judy Shelton: A Defense | NR US U.S. Job Openings Leveled Off Late in the Summer | W US politics Biden Pushes Higher Taxes on U.S. Companies’ Foreign Profits in Pitch to Midwest Voters | W Covid-19: Trump downplayed coronavirus danger, Bob Woodward book reveals | C ‘A disgrace’: Biden rips Trump for saying he downplayed coronavirus | C Geopolitics & trade TikTok, U.S. Discuss Ways to Avoid Sale | W U.S. House Speaker warns Britain that breaking Brexit treaty could imperil trade pact | R Industries & companies Airlines: United Airlines, pilots deal would distribute flying to avoid furloughs | R Autos: Tesla jumps nearly 11%, rebounding from worst day on record | C FAANGs: Facebook struggles with speech rules ahead of 2020 elections | C FAANGs: Amazon is on a hiring spree amid widespread coronavirus layoffs and record unemployment | C Railroads: Kansas City Southern Rejects $20 Billion Takeover Offer From Investor Group | W Virus Covid-19 Cases, Death Rates Are Declining Six Months Into Pandemic | W Why an approved coronavirus vaccine may not end the pandemic quickly | MW Pay People to Get Vaccinated | N Sailors Trapped by Covid-19 Fight Exhaustion and Despair | N Corporate finance Tiffany’s $16 Billion Sale to LVMH Falls Apart in Face of Pandemic, Tariffs | N Palantir valued at about $10.5 billion ahead of direct listing | C Simon, Brookfield to save JC Penney from bankruptcy, keep 650 shops | C Grail, which counts Jeff Bezos among investors, files for IPO | C Technology Smartphones Transformed Everything. Now, There’s More Disruption to Come. | W Offbeat Climate Change: World’s Global Warming Fight | B