What I Am Reading

Sep 09 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow drops 600 points as tech stocks fall again, Nasdaq down 10% in 3 days | C U.S. credit spreads unlikely to tighten much further, says UBS | R Central banks Fed’s Main St. Loan Program Going Mostly to $1m-Plus Borrowers | B US Mortgage Refinancings Boom, Even as Coronavirus Hits Economy | W Majority of young adults now live with mom and dad due to coronavirus | C The Opioid Crisis, Already Serious, Has Intensified During Coronavirus Pandemic | W US politics & policies Senate aims for Thursday vote on scaled-down coronavirus aid bill | R JPMorgan says some employees have ‘fallen short’ as bank probes relief abuses | C Trump signs order extending drilling ban off Florida Gulf coast, expands it two other states | R Taxpayer, conservation groups pressure U.S. to halt drilling auctions | R New York Gov. Cuomo says Trump is ‘actively trying to kill New York City’ | C How a ‘blue shift’ in U.S. mail ballots might set off Election Week chaos | R Industries & companies Airlines: Boeing Flags Additional 787 Production Problem | W Autos: GM Stock Jumps on News of Stake in Electric-Vehicle Company Nikola | W Autos: Tesla falls 21%, worst single-day loss in its history | C Energy: U.S. job losses in oilfield services and equipment top 100,000: trade group | R FAANGs: Apple Countersues ‘Fortnite’ Maker Epic Games, Seeks Punitive Damages | W Fitness: Peloton Rides Covid-19 Wave, Adding Products, Cutting Bike Price | W Media: Disney’s ‘Mulan’ Faces Controversy Over Filming in China’s Xinjiang | W Retail: Lululemon (LULU) reports Q2 2020 earnings beat | C Tech: Slack Boosts Outlook as Pandemic Fuels Boom in Remote-Work Tools | W Tech: Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners | W Tech: Microsoft to Release Two New Xbox Consoles; Series S to Cost $299 | W Virus I Coronavirus vaccine: Fauci says it’s ‘unlikely’ it will be ready by election | C There are seven coronavirus vaccine candidates being tested in the U.S. | MW Drugmakers Pledge to Avoid Safety Shortcuts on Covid Vaccine | B Vaccine Economics: Where Profit and Public Health Collide | W Virus II Qiagen to launch rapid coronavirus test it says could be used in airports, stadiums | C Public Health Officials Pursue Covid-19 Tests That Trade Precision for Speed | W COVID-19 cases rise in U.S. Midwest and Northeast, deaths fall for third week | R Sturgis motorcycle rally in South Dakota in August linked to more than 250,000 coronavirus cases, study finds | MW

Sep 08 (Tuesday) YRI Morning Briefing PDF Daily Markets Don’t fear a 10% to 15% market correction: Long-time bull Ed Yardeni | C Markets Dow futures jump 250 points in overnight trading following the worst tech rout since March | C The Stock Market Is a Strong Election Day Predictor | WSJ Sudden Volatility in Tech Stocks Unnerves Investors | WSJ Stock markets: CIO says tech bubble not expected to pop anytime soon | C SoftBank Shares Drop on Concerns About Massive Options Bet | WSJ Currencies & commodities Companies Brace for Profit Hit From Euro Rally | WSJ Goldman’s ‘favorite’ commodity has been on a tear, could have further to run | C Central banks Fed’s strategy shift to bind big central banks from Frankfurt to Tokyo | R US Opinion: Jobs in these industries won’t come back even after the pandemic is over | NN Japan Japan’s Record GDP Plunge Is Slightly Worse on Revision | B Japan’s economy shrinks more than expected in second quarter, heightens woes for new leader | R US politics Lawmakers Tackle Spending Deadline, Look to Revive Coronavirus Aid Talks | WSJ Biden Has 71.1% Chance of Winning Election: FiveThirtyEight | B Trump touts big job gains, says the U.S. is ’rounding the corner’ on the coronavirus | C Government shutdown: Steven Mnuchin says bill will fund government into December | C Geopolitics & trade Trump again raises idea of decoupling economy from China | R China to Launch Initiative to Set Global Data-Security Rules | WSJ China’s Exports Ramp Up as Countries Emerge From Lockdowns | WSJ Shares in China’s Top Chip Maker Tumble as U.S. Weighs Export Controls | WSJ Industries & companies Airlines: Production Problems Spur Broad FAA Review of Boeing Dreamliner Lapses | WSJ Autos: Tesla could be the most dangerous stock on Wall Street, investment researcher says | C Retail: With Some Schools Moving Outdoors, Retailers Follow | N Telecom: Samsung, Verizon Sign $6.65 Billion 5G Contract | WSJ Virus I New U.S. Coronavirus Infections Slow as Labor Day Holiday Winds Down | WSJ Virology experts say the key is keeping Spain’s hospitals from becoming overwhelmed by COVID-19 this time | MW ‘Really Diabolical’: Inside the Coronavirus That Outsmarted Science | WSJ Virus II Netflix’s Reed Hastings Deems Remote Work ‘a Pure Negative’ | WSJ Think Reopening Schools Is Tough, What About School Buses? | WSJ Remote Schools’ Hidden Cost: Parents Quit Work to Teach, Prompting New Recession Woes | WSJ Parents Got More Time Off. Then the Backlash Started. | N Offbeat Wildfires rage in California, stoked by extreme heat in U.S. West | R Amazon, Wish Are Restricting Seed Sales. That May Not Stop Mystery Mailings. | WSJ They’re Stuck at Home, So They’re Making Home a Sanctuary | N Locked Down in the Ritz-Carlton: Winning the Quarantine Hotel Lottery | WSJ

Sep 05 (Saturday) YRI Morning Briefing PDF Daily Markets Markets Stocks Fall in Another Volatile Session | W The stock market shakeout is likely not over yet, even with Friday’s comeback | C The only path to a sharply higher stock market ‘is a bubble like the late 1920s and 1990s’, says analyst who called rally off March lows | MW Tech rout deepens, Nasdaq set for worst two-day fall since March | R Credit & commodities Oil Industry Is Fading Away in Land of the World’s Richest Reserves | W U.S. Government-Bond Yields Climb After Jobs Data | W Risk Creeps Into Municipal Bond Market, Yet Prices Stay High | W What Happens When Interest Rates Go Down | C Central banks U.S. is still in a ‘very significant recession’ despite job gains, Fed’s Rosengren says | C Powell says duration of low interest rates ‘will be measured in years | C US I U.S. Unemployment Rate Fell to 8.4% in August as Hiring Continued | W Jobs report August 2020: Payrolls increase by nearly 1.4 million as the unemployment rate tumbles | C U.S. job growth loses speed as fiscal stimulus ebbs | R Worries grow over a K-shaped economic recovery that favors the wealthy | C The Service Economy Meltdown | N US II Container Volumes Shipped to the U.S. Surge After Coronavirus Downturn | W U.S. Trade Deficit Widest Since 2008 in July as Imports Outpaced Exports | W Gaps in the CDC’s eviction ban could leave some renters homeless, housing advocates say | MW US politics Trump Denies Report He Disparaged Military | W Coronavirus stimulus: Mike Pence says Congress to pass government funding | C Geopolitics & trade Serbia, Kosovo Agree to Normalize Economic Relations | W Tech Decoupling: China’s Race to End Its Reliance on the U.S. | W China Launches Experimental Spaceplane | W Industries & companies Autos: Car Sales Are Down Almost 20%, but Prices Are Setting Records | W Autos: Jeep punches above its weight with $100,000 Grand Wagoneer SUV | C Defense: Pentagon says it will stick with Microsoft for JEDI cloud contract | C FAANGs: Apple Still Wears the Market Crown. It Can Easily Slip. | W Hotels: Hilton Times Square closure may be ‘tip of the iceberg’ for New York hotels | C Retail: Retail Stores Add Jobs as Shoppers Return | W Restaurants: Most Businesses Were Unprepared for Covid-19. Domino’s Delivered. | W Tech: Semiconductor stock Skyworks could be best way to play 5G rollout | C Virus I Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1 | C Russia’s COVID-19 vaccine showed antibody response in initial trials | R Most people likely won’t get a coronavirus vaccine until the middle of 2021 | C Exclusive: J&J seeking one-third of COVID-19 vaccine trial volunteers in hard-hit Latin America | R Covid Testing, Not a Cure, Is What Investors Need to Watch | W Virus II As Covid-19 Depletes Blood Supplies, Scientists Test an Alternative | W ‘We can’t let our guard down’: Scientists say some children could spread COVID-19 even if they have antibodies | MW Think twice before wearing a face shield to protect against COVID-19 instead of a cloth face mask — here’s why | MW Covid-19 Vaccine Race Turns Deep Freezers Into a Hot Commodity | W Corporate finance Softbank reportedly the ‘Nasdaq whale’ that bought billions in options | C SoftBank’s Bet on Tech Giants Fueled Powerful Market Rally | W

Sep 04 (Friday) YRI Morning Briefing PDF Daily Markets Markets Dow futures drop 200 points as Wall Street braces for more tech losses | C Stock market today: Stocks plunge, with the Dow dropping more than 800 points as tech shares snap a 10-day win streak | C Stock-market selloff: Why it’s too early to call tech rout the start of a correction | MW Emerging-Market Bond Funds Face Reckoning | W Investors snap up U.S. corporate debt, pushing some real yields below zero | R Central banks Fed Officials Push Back on Updated Rate Guidance at Next Meeting | B Fed policymakers signal comfort with higher inflation | R US Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued | C The Economy Is Limping, but Wall Street Is Booming | W A Furniture Maker’s Five-Month Struggle With Covid. ‘You Can’t Really Have a Plan.’ | W Europe France Reveals $118 Billion Plan to Relaunch Economy | W US politics Trump seeks to cut federal funding to what he calls ‘anarchist jurisdictions’ | C Twitter slaps warning labels on Trump tweets that suggest voting twice | C Senate Democrats pushing to undo President Trump’s payroll tax deferral | C Geopolitics & trade China Allows Stronger Yuan as President Xi Turns Focus to Home | B Industries & companies Autos: Tesla drops again, bringing three-day loss to more than 18% | C Autos: Fiat Chrysler Showcases Jeep With New Models, Stand-Alone Showrooms | W FAANGs: Apple Delays Privacy Change Amid App Publishers’ Concerns | W Pharma: Samsung’s Drugmaking Future Includes a $2 Billion ‘Super Plant’ Bigger Than the Louvre | W Media: Cable, Satellite Operators Place New Bets on 5G Airwaves | W Tech: Bezos, Musk Lead Tech Wealth Retreat as $44 Billion Evaporates | B Corporate finance GM, Honda Deepen Ties, Plan Joint Vehicle Development | W Virus Crucial Results for Promising Covid Vaccines Due in Weeks | B Covid-19 Tests: Answers on Cost, Accuracy and Turnaround Time | W Johnson & Johnson says coronavirus vaccine prevents severe illness in hamsters | C Offbeat Is It Safe to Go to a Live Sporting Event? These NFL Teams Say Yes | W In Novichok Poisoning of Alexei Navalny, Some See a Kremlin Calling Card | W

Sep 03 (Thursday) YRI Morning Briefing PDF Daily Markets Markets Dow Rallies Above 29000; S&P 500, Nasdaq Hit Fresh Records | W Stock market today: Dow surges 450 points in its best day since mid-July, S&P 500 closes at another record | C These 74 stocks in the S&P 500 hit all-time records on Wednesday | MW Central banks Fed Beige Book Finds Modest Economic Growth | W Fed Says Economy Showing Progress But Uncertainty Persists | B Fed’s Mester says central bank won’t let inflation run rampant | R Weidmann Says ECB Must End Emergency Stimulus When Crisis Over | B US U.S. hiring picked up speed in August but still missed estimates, ADP says | WP Job growth appears stuck in neutral after enhanced unemployment expired, data shows | C U.S. CBO sees FY20 federal budget deficit of $3.3 trillion amid coronavirus spending | R Inflation Is Higher Than the Numbers Say | N How’s the Coronavirus Economy? Great or Awful, Depending on Whom You Ask | W US policies & politics CDC move to stop evictions draws heavy criticism from both sides | C Coronavirus stimulus update: Pelosi, Mnuchin talk about relief bill | C Biden Campaign Raised More Than $300 Million in August | W Biden still ahead in the polls, but Trump narrows gap after RNC | C How Minnesota Became a 2020 Election Battleground | W Trump encourages North Carolina residents to vote twice to test mail-in system | C Geopolitics & trade TikTok Deal Talks Are Snarled Over Fate of App’s Algorithms | W Industries & companies Airlines: United Plans to Cut More Than 16,000 Staff | W Autos: Ford Looks to Trim 1,400 Salaried Employees in U.S. Through Buyouts | W Media: Advertisers Seek Right to Cancel TV Spending as Pandemic Roils Fall Season | W Media: Cable, Satellite Operators Place New Bets on 5G Airwaves | W Railroads: U.S. passenger railroad Amtrak to furlough 2,000 workers | R Retail: Macy’s Posts $431 Million Loss as Stores Continue Recovery | W Retail: CEO of Calvin Klein owner: Retail hinges more on halting virus than stimulus | C Tech: Zoom shares drop following Tuesday’s 40% surge | C Virus I U.S. CDC tells states to prep for COVID-19 vaccine distribution as soon as late October | R Here’s what to know about Abbott’s 15-minute COVID-19 test | MW The coronavirus may remain in the body for a month or more — but does that mean you’re still contagious? | MW Virus II White House to Target Hospitals for Uneven Covid-19 Data Reporting | W Fauci: U.S. coronavirus cases ‘unacceptably high’ going into Labor Day | C A Texas School Reopens and Everyone Holds Their Breath | W Corporate finance SoftBank Vision Fund 2 leads $100 million investment in Biofourmis | C Offbeat Would basic income be better than additional unemployment benefits? | TheHill Robinhood Faces SEC Probe for Not Disclosing Deals With High-Speed Traders | W Putin Critic Alexei Navalny Poisoned With Novichok, Berlin Says | W The 1918 Pandemic Was Deadlier, but College Football Continued. Here’s Why. | W

Sep 02 (Wednesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow rises 100 points to start September, Nasdaq up 1% as Apple leads tech higher | C The pros are getting ready for a market crash — retail investors, not so much, top economist warns | MW U.S. Stocks Turn Higher on Factory Data | W Central banks Fed’s Mortgage-Buying Spree at $1 Trillion With No End in Sight | B Fed Official Says Economy Faces High Uncertainty, Prominent Risks | W Ex-Fed Chief Yellen Defends Rate Increases Under Her Watch | B US I U.S. and Global Factory Output Picks Up, but Jobs Picture is Mixed | W U.S. factory activity accelerates as orders jump to more than 16-1/2-year high | R Job growth expected to slow sharply over the next decade, Labor Department says | C Summer Fuel Demand Disappoints, Challenging Economy | W US II Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock market | MW New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’ | N New York City Delays School Reopening | W Child care has always been essential to our economy — let’s start treating it that way | TheHill US politics & policies Mnuchin Urges Congress to Pass More Stimulus Funding | W Small-Business Failures Loom as Federal Aid Dries Up | N Thousands of small-business loans may have been fraudulent, U.S. House panel finds | R Coronavirus: Democrats say PPP helped businesses, but wasted billions | C Today is the first day of the payroll tax deferral. Here’s what we know | C One stock-market metric has predicted presidential election results since 1984 | MW Europe Germany Expects V-Shaped Economic Rebound From Coronavirus | W Virus I New U.S. Coronavirus Infections Slow to Lowest Level in More Than Two Months | W 94% of Americans who died from COVID-19 had contributing conditions: CDC | P Fauci debunks theories of low CDC coronavirus death toll | C U.S. advisors recommend four phases for distributing coronavirus vaccine nationwide | C HHS deploys Abbott’s new coronavirus tests to states hit by wildfires, hurricanes | C Virus II Key to Preventing Covid-19 Indoors: Ventilation | W Can Covid Be Treated With Convalescent Plasma? NIH Says Not Enough Evidence | B Top U.S. health officials warn Labor Day will be essential for containing coronavirus this fall | C Geopolitics & trade Shinzo Abe’s Departure Throws Wrench Into U.S.-Japan Ties | W Industries & companies Autos: Only 19% of Tesla analysts say buy the stock while investors remain ‘insatiable’ | MW Consumer: Coffee, ketchup and Nike Air Max: it’s the COVID consumer economy | R FAANGs: Amazon seeks intelligence analyst to track ‘labor organizing threats’ | C Retail: Retail Eviction Proceedings Pick Up as Economy Restarts | W Retail: Walmart Tries Again to Find Its Answer to Amazon Prime | W Retail: L.L. Bean CEO: Demand for winter gear already spiking during pandemic | C Retail: Beauty Stocks Face New Reality Amid Coronavirus Pandemic | W Corporate finance Tesla to Sell Up to $5 Billion in Stock | W AT&T Explores Potential Sale of Xandr Digital Ad Unit | W Offbeat Tesla employee foregoes $1M payment, works with FBI to thwart cybersecurity attack

Sep 01 (Tuesday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow closes more than 200 points lower but still notches best August since 1984 | C September has the worst track record for stocks but any pullback could be swift as investors watch the election | C U.S. Stocks Post Biggest Monthly Gain Since April | W Nasdaq ends higher while S&P 500 posts biggest August gain since 1986 | R Central banks The Fed Lays Out New Goals, but Its Tools Could Be Lacking | W Framework complete, Fed faces election year call on next steps | R Fed’s Clarida Leaves Door Open to Yield Caps in New Strategy | B Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates | W Minneapolis Fed President Neel Kashkari on the Challenges for Monetary Policy | B US Wage growth is false signal on state of labor market, Fed’s Daly says | R Fed Study Shows Low-Income Pandemic Job Losses Skew Wage Growth | B CARES Act: How To Spend Money with Student Loans Deferred | C Europe Germany Expects 2020 Contraction Won’t Be as Deep as Feared | B In France, the Young Lose Their Jobs to Coronavirus | W Asia Indian Economy Shrank Record 23.9% Last Quarter | W China’s Big Banks Report Profit Drops | W China’s Exports Are Surging Despite Tariffs and Coronavirus | N Shinzo Abe’s Unfinished Revolution Hangs in the Balance | W ‘Abenomics’ May Stay, but Japan’s Economic Overhaul Is Incomplete | N US policies & politics Will Congress make a significant move on housing affordability? | TheHill Biden condemns Kenosha violence and rebuts Trump’s ‘law and order’ message | C Coronavirus: House panel opens probe of White House trade advisor Navarro after cancellation of ventilator contract | C Industries & companies Airlines: Delta Air, American drop domestic change fees, following move by United | C Consumer: Nestlé Moves Further Into Health, Buying Peanut-Allergy Treatment Maker | W FAANGs: Amazon Prime Air drone delivery fleet gets FAA approval | C Health Care: Proposal Would Speed Up Approval of ‘Breakthrough’ Devices to Medicare Patients | W Tech: Zoom (ZM) earnings Q2 2021 | C Virus Coronavirus cases are on the rise again across more than half of the U.S. | C Covid-19 Vaccines: What’s Coming and When? | W Scientists see downsides to top COVID-19 vaccines from Russia, China | R Corporate finance J.C. Penney sale talks stall, pushing retailer to brink | R Anthem-Cigna Fight Over Failed Merger Ends in a Draw | W Wish confidentially files to go public | C Apple, Tesla stock splits: What five market analysts are watching | C Technology Opinion | The Brain Implants That Could Change Humanity | N Offbeat Bill Ackman on saving capitalism: Every child in the U.S. could be given enough money at birth to become millionaires by retirement | MW

Aug 31 (Monday) YRI Morning Briefing PDF Daily Markets Markets Revamped Dow’s Gap With S&P 500 Is Set to Widen | W Market posts one of the strongest July-August rallies in history as hazard after hazard melts away | C Expected Surge of CLO Downgrades Slow to Arrive | W Why Gas Prices Will Remain Steady for the Rest of Summer | BR Central banks A Flexible Fed Means Higher Inflation | W The Fed Unveils Its Everything-Old-Is-New-Again Monetary Policy | BR Ron Insana: What it means for markets now that the Fed has given up on the Phillips Curve | C Reflation Trades Face Reality Check With Fed’s New Goal in Doubt | B US U.S. Jobless Rate Set to Return to Single Digits: Eco Week Ahead | B If Consumer Confidence Is So Low, Why Is Spending Rising During the Pandemic? | B Cities and States Are Facing a $1 Trillion Budget Mess | BR It’s Time to Narrow the Income Gap. Future Prosperity Depends On It. | BR California Moves to Consider Reparations for Slavery | B New York City’s Offices Are Empty. How to Gamble on a Recovery. | BR China China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave | B Matronymics – More Chinese children are being given their mother’s surname | China | E Japan After Abe – Who will replace Abe Shinzo after his resignation owing to illness? | Asia | E Abe Defied Expectations to Build a Better Japan US politics IRS rules on Trump’s payroll tax cut put firms on the hook for taxes | C U.S. Intelligence Office to Stop Briefing Congress on Election Security | W Top U.S. general says no role for military in presidential vote | C Trump Unleashes Twitter Storm After Portland Protest Death | B Geopolitics & trade China Tightens Tech Export Rules Amid TikTok Talks | W TikTok, ByteDance Latest News: China Must Approve Any Sale | B Hong Kong health workers, activists urge boycott of mass testing | R What Putin fears – Russians and Belarusians are tired of backwards-looking autocrats | Leaders | E Self-strangulation – As natural disasters strike, North Korea cuts itself off | Asia | E Un-American activities – How Hollywood should deal with Chinese censors | Leaders | E Industries & companies Airlines: Covid and Travel: American Airlines Drops 15 Cities and Cuts Capacity 55% | B FAANGs: Apple’s Bet on a Cashless Future Could Pay Big Dividends for Investors, Analyst Says | BR FAANGs: Amazon Isn’t Synonymous With Luxury. That May Be Changing. | BR Financials: Coronavirus Has Left Banks With Lots of Cash and Little to Do With It | W Media: How Will the NFL Season Be Affected by the Coronavirus Pandemic? | W Real estate: The Coronavirus Real Estate Market Is on Fire. Two Stocks That Could Benefit Now. | BR Restaurants: Starbucks Is Well Positioned for a Postpandemic World | BR Retail: Coronavirus: Retailers report record online sales during pandemic Retail: Airport Shopping Has Been on a Tear for Years. Now What? | W Retail: Coupon-Clipping Fades Into History as Covid-19 Accelerates Digital Shift | W Tech: Salesforce Rises After It Joins the Dow. But Earnings Drive the Stock Even More. | BR Tech: These Global Tech Companies Can Go the Distance | BR Corporate finance Activists May Focus on Energy and Health Care Next Year | BR Demand for Online Doctors Forges $39 Billion Sony-Backed Titan | B KKR Nearing Deal to Sell Epicor to CD&R-Led Group | W Technology Robot Boats Leave Autonomous Cars in Their Wake | W Future of Cleaning Oil Spills Looks to Robots, Wood Chips and Sponges | W Space Force boldly goes to Silicon Valley to get a Star Trek-flavored software boost | C Magna Builds Its Electric Future by Making Cars for Start-Ups That Can’t | BR Virus I Covid-19 Cases Top 25 Million World-Wide | W U.S. coronavirus cases approach 6 million as Midwest, schools face outbreaks | R A Covid-19 Vaccine Is Coming and Investors Are Betting Big. Brace Yourself. | BR FDA commissioner says willing to fast-track COVID-19 vaccine: FT | R Companies Rush to Shore Up Covid-19 Testing Ahead of Flu Season | W When Retirement Comes Too Early | N Virus II U.S. Colleges: What to Do With Students and Coronavirus on Campus? | B Covid-19 in schools – Other countries show that schools need not be pandemic hotspots | United States | E Back to school – Disrupted schooling will deepen inequality for American students | United States | E Offbeat Natural disasters – Why California is experiencing its worst fires on record | United States | E The memory hole – The rising prevalence of dementia is a global emergency | Leaders | E

Aug 29 (Saturday) YRI Morning Briefing PDF Daily Markets Markets Stock market today: Dow closes more than 150 points higher to erase its 2020 losses | C The Father Of CMBS Says Real Estate Valuation Is In ‘Uncharted Territory’ | B America’s Empty Hotels Might Just Be Hedge Funds’ Next Big Short | B Chinese Bond Issuers Bypass U.S. Investors | W Central banks Fed’s Elevation of Employment Goal Reflects a Changed World | W Fed’s Bullard says the recession is over but rates will ‘stay low for a long time’ | C Federal Reserve’s Cautious Monetary Policy a Missed Opportunity | National Review US U.S. Consumer Spending Rose More Slowly in July | W Losing the extra $600 unemployment benefit may not have stopped Americans from spending money, J.P. Morgan credit card data shows | MW New Homes Account for Biggest Share of U.S. Sales in 12 Years | B Return of the Zombie Foreclosure: Taking Over Homes Where No One Lives US policies & politics Trump willing to sign a $1.3 trillion coronavirus relief bill: Meadows | R Trump Pitches Second Term With Selective Retelling of His First | B House Chairman Moves to Hold Pompeo in Contempt of Congress | W Opinion: Raising taxes on the rich would help reduce wealth gap | NN Spotting $62 Million in Alleged P.P.P. Fraud Was the Easy Part | N Japan Shinzo Abe Will Resign as Japan’s Prime Minister, Citing His Health | W Geopolitics & trade U.S. to Cut Troop Presence in Iraq by About One-Third, Officials Say | W Industries & companies Autos: 5 things to know about Tesla ahead of its 5-for-1 stock split | MW Autos: U.S. gives automakers at least six more months to meet ‘quiet car’ rules | R Casinos: MGM Resorts Lays off 18,000 Workers | W Consumer: Coca-Cola Plans Layoffs, Offers Buyouts to U.S. Staff | W Cruises: Cruise Ships Cautiously Resume Sailing in Europe After Deadly Outbreaks | W FAANGs: Amazon Rolls Out Halo, a Wellness Tracker That It Says Can Also Sense Moods | W Financials: Banks eye layoffs as short-term crisis ends, long-term costs emerge | R Virus CDC director says there will likely be a limited supply of coronavirus vaccines | C Chinese Covid-19 Vaccine Maker in Talks With Countries on Early Approval | W Exclusive: Most U.S. states reject Trump administration’s new COVID-19 testing guidance | R Corporate finance China’s IPO Mania Creates Three New Billionaires in One Week | B SoftBank to Sell $14 Billion Stake in Telecom Unit | W AT&T Again Exploring a Deal For DirecTV | W Utz readies for market debut after gaining share amid pandemic | C Offbeat Thousands March on National Mall, Continuing Racial-Justice Push | W Credit Suisse Uncovers Client Fraud at Wealth Management | B Herbalife to Pay $123 Million to Resolve China Bribery Cases | B

Aug 28 (Friday) YRI Morning Briefing PDF Daily Markets Markets S&P, Dow close higher on new Fed inflation stance, COVID test hopes | R U.S. Stocks Rise as Fed Signals Policy Shift | W Fed’s Easy Money Pumps Up Winners Like Apple and Housing | W 84% of CFOs say US stocks are overvalued | NN Oil Market’s Wild Swings Subdued by Options Trading | W Central banks In landmark shift, Fed rewrites approach to inflation, labor market | R Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates | W Powell announces new Fed approach to inflation that could keep rates lower for longer | C $454 Billion Treasury Fund Goes Mostly Unused | W Fed pledges to look at if the economy is working for lower-income communities when setting policy | C US Unemployment Claims Are ‘Stubbornly High’ as Layoffs Persist | N U.S. Labor Department changes jobless claims data methodology after economic shock | R Millennials Help Power This Year’s Housing-Market Rebound | W With Second Stimulus Checks on Hold, Americans Spend Less at the Grocery Store | W US politics Pelosi Call With Meadows Yields No Breakthrough on Stimulus | B Covid-19: Kamala Harris blasts Trump on coronavirus response | C Industries & companies Autos: Tesla shares surge to record high, leaving rivals behind | R Energy: America’s Energy Corridor Narrowly Averts Direct Hit From Hurricane Laura | W Hotels: How the hotel industry is reinventing itself in the pandemic to meet the new demands of guests | MW Hotels: Stressed remote workers turn to renting hotel rooms | NBC Retail: Dollar General, Dollar Tree Draw in Consumers Amid Economic Weakness | W Retail: Gap (GPS) reports Q2 2020 loss per share, sales drop 18% | C Retail: 25% of U.S. malls are set to shut within 5 years. What comes next? | C Tech: Bill Gates’ nuclear venture plans reactor to complement solar, wind power boom | R Virus Trump to announce $750 million deal with Abbott for at least 150 million rapid coronavirus tests | C Moderna and Pfizer’s COVID-19 vaccine candidates require ultra-low temperatures, raising questions about storage, distribution | MW Trump Administration Seeks Data on Covid-19 Nursing Home Deaths in Four States | W Corporate finance Pandemic PC boom pushes HP sales $1 billion higher than expected; stock up 5% | MW Chinese Tesla Rival to Raise $1.5 Billion in U.S. IPO | W Walmart Joining Microsoft in TikTok Bid | N TikTok likely to announce sale U.S. operations in the coming days | C Exclusive: ByteDance asks TikTok to draw up U.S. shutdown contingencies: sources | R Offbeat NYC Landlord Stepping Up Back-to-Office Campaign With Banks | B Hurricane Laura Slams Into Gulf Coast, Weakens to Tropical Storm | W