Dr. Ed's Blog

Jul 11 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Don’t the Markets Know We’re Living in a Disaster Movie? | N
Take Five: A bull with underlying health conditions | R
Treasury Yields Climb After Hitting Lowest Levels Since Spring on Covid-19 Concern | W

Central banks
Fed Nibbles at Corporate Bonds With No Takers for Direct Loans | B
Fed Discloses More Corporate Bond and ETF Purchases | W

US
U.S. producer prices unexpectedly fall; underlying inflation stabilizing | R
Cash-strapped New Jersey to borrow up to $9.9 billion under deal | R
Real-time data is showing that the coronavirus is causing ‘widespread’ economic damage | C
What Jobs Were Hit Hardest by Coronavirus – and Which Have Bounced Back | W
Yes, you can restart unemployment benefits if you’re laid off again | C
For Pensions, Valuing Real Estate Is Tough. Covid-19 Brings New Hurdles | W

US policies & politics
Goodbye, extra $600: Unemployment benefits won’t exceed former wages in next stimulus bill, Treasury’s Mnuchin says | MW
Top economists say next coronavirus relief bill should be $1.5 trillion at minimum and hopefully larger | MW
The cost of Biden’s economic plan to the stock market is more than you might think | MW
With resurgence of COVID-19 cases in the U.S., Trump signals rift with Fauci: ‘He’s made a lot of mistakes’ | MW
‘Epic failure’: U.S. election officials warn of November chaos due to budget crunch | R

Geopolitics & trade
Trump says U.S.-China relationship damaged, phase 2 trade deal not a priority | C
U.S. Targets Soap But Not Wine in Counter to French Digital Tax | B
U.S. National Security Panel Examining Chinese Investors’ Purchase of Pharma Firm | W
U.S. slaps French goods with 25% tariff over digital tax, but delays effective date | R

Industries & companies
Airlines: American Airlines Has Threatened to Cancel Some Boeing 737 MAX Orders | W
FAANGs: Facebook Said to Consider Banning Political Ads | NYT
FAANGs: Apple iOS 14 privacy improvements: visual notifications | C
Consumer: Oreo-Maker Mondelez Plans to Kill One of Every Four Products | B
Cruise-lines: Carnival to Shed 13 Ships as Covid-19 Shrinks Business | W
Retail: First-quarter retail industry operating income falls 58% | C
Retail: Brooks Brothers Gets Bankruptcy Loan With Zero Interest Rate | B
Retail: Canada Goose CEO says experiential store is ‘a break from the insanity’ | C
Tech: Spotify, Tinder, Other Apps Suffer Outages Due to Facebook Glitch | W

Virus I
Record New Cases, Surging Hospitalizations, Rising Deaths: This Week in COVID-19 Data, July 9 | CTP
Coronavirus deaths tick up in Florida, Texas, California, Arizona | C
Florida county has a third of Covid-19 tests come back positive as the US breaks another case record – CNN
Georgia governor reopens coronavirus field hospital at Atlanta convention center | C

Virus II
CRISPR Comes To COVID: A Pandemic Pivot And The Push For A Simple Coronavirus Test
Gilead says coronavirus drug remdesivir can reduce risk of death, but analysts need more proof | MW
German Biotech Sees Its Coronavirus Vaccine Ready for Approval by December | W
Pandemic exposes scientific rift over proving when germs are airborne | R
Scientists focus on how immune system T cells fight coronavirus in absence of antibodies | R

Virus III
CDC won’t revise guidelines for reopening schools, despite Trump criticism | MW
Mississippi lawmakers get coronavirus after refusing to wear masks – CNN
Labor Department Officials Quarantine After Meeting With White House Staffer Who Tested Positive for Covid-19 | W

Corporate finance
Rivian Raises $2.5 Billion as Investors Chase Electric-Car Buzz | W
Venture-backed Silver Peak Is Said to Explore $1 Billion Sale | B

Offbeat
Germany Probes Possible Money Laundering by Wirecard Executives | W
Why Is a Tech Executive Installing Security Cameras Around San Francisco? | N

Jul 10 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets I
U.S. Stocks Drop as Investors Grow Cautious About Reopening | W
Stock futures open flat after Thursday’s wild session | C
Companies Raised Record Amounts by Selling Stock During Covid-19 Crisis | W

Markets II
Why ‘safe haven’ gold and the stock market are now moving the same direction | MW
Miserable Economic Outlook Could Yield Record Gold Prices | W
Oil Went Below $0. Some Think It Will Rebound to $150 One Day. | W

Markets III
China’s Markets Rally on Optimism Economy Is Shaking Off Covid-19 Pandemic | W
China’s ‘Too Fast, Too Sudden’ Bond Rout at Mercy of Stock Rally | B

Central banks
Fed balance sheet below $7 trillion, repo drops to zero for first time since September | R
Has The Fed Launched A Yield-Curve-Control Policy For Treasuries?

US
U.S. recovery in limbo as retail traffic falls in virus hot spots | R
Weekly jobless claims near four-month low; millions drawing unemployment benefits | R
Coronavirus Bankruptcies: How Covid-19 Is Impacting Business | B
Revolving Credit Debt Drops to Lowest Since Great Recession | C

US politics I
Has the U.S. Government Finally Spent Too Much?
Supreme Court Paves the Way for N.Y. Prosecutor to View Trump Taxes | W
Coronavirus stimulus: Steven Mnuchin discusses next relief bill | C

US politics II
Biden uses progressive message to roll out his moderate economic plan | C
Biden Outlines $700 Billion Economic-Revival Plan | W
Biden, Democrats aim to close racial wealth gap with new credit bureau | C
Biden says investors ‘don’t need me,’ calls for end of ‘era of shareholder capitalism’ | C
U.S.-China Under Biden? Mapping Strategy, Tactics: Chart | B

Geopolitics & trade
TikTok Considers Changes to Distance App From Chinese Roots | W

Industries & companies
Manufacturing: Harley-Davidson to Cut 13% of Global Workforce | W
Media: Lack of insurance threatens supply of Hollywood films, TV shows in 2021 | R
Pharma: Vaccine Stock Soars, Rewarding Investor’s Big Bet | W
Retail: Walgreens to Cut 4,000 Jobs in U.K. Boots Stores, Suspend Buybacks | W

Virus I
Coronavirus records in Florida, Texas and California erode hopes of economic revival | R
Covid-19 Test Results Take Longer as Infections Rise Sharply | W
Behind New Covid-19 Outbreaks: America’s Patchwork of Policies | W

Virus II
Herd Immunity May Be Closer Than You Think | W
How the Coronavirus Short-Circuits the Immune System | N
Why is COVID-19 so deadly to elders?
Airborne transmission of coronavirus in restaurants, gyms and other closed spaces can’t be ruled out, WHO says | C
Will wearing a face mask protect you from COVID-19? It’s complicated. Here are the 5 biggest mask myths | MW

Technology
Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks | W

Offbeat
Robinhood Has Lured Young Traders, Sometimes With Devastating Results | NYT
The Young People Living With Parents in the Pandemic

Jul 09 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rises more than 150 points as Apple hits record, leads tech higher | C
U.S. Stocks Climb While China Rally Powers Ahead | W
Gold ETF Inflows Hit Record as Bullion Rally Continues | W
Chinese Tech Firms Get Trading Boost From Hong Kong Listings | W

Central banks
Covid Still Poses Challenges for Financial System, Fed’s Quarles Says | W
Fed’s Bullard sees unemployment falling to as low as 7% this year | C

US
Two-thirds of laid off workers eligible for benefits that exceed their wages: NBER paper
Nearly 70,000 Tech Startup Employees Have Lost Their Jobs Since March | W
Coronavirus Moves NYC Affordable Housing Crisis to Breaking Point | B
Apple Maps driving activity is slowing again in warning sign for the economy | C

US policies & politics
Harvard, MIT Sue Trump Administration Over International-Student Policy | W

Geopolitics & trade
As Chinese Trade Surpluses Persist, So Will Risk of Trade Wars | W
TikTok, Once an Oasis of Inoffensive Fun, Ventures Warily Into Politics | W

Industries & companies
Airlines: United Airlines Warns It May Furlough 36,000 Staff | W
FAANGs: Vast majority of Apple stores closed due to Covid-19 are in U.S. | C
FAANGs: Amazon sellers in the U.S. will have to list their names and addresses | C
FAANGs: Amazon pulls Washington Redskins merchandise | C
Media: Disney World Set to Reopen With Capacity Limits, Strict Rules | W
Retail: Brooks Brothers, Founded in 1818, Files for Bankruptcy | N
Retail: Bed Bath & Beyond (BBBY) reports Q1 2020 loss, 200 store closures | C

Virus I
U.S. Hits 3 Million Confirmed Coronavirus Cases | W
Coronavirus: Trump threatens to cut school funding, slams CDC reopening guidelines | C
CDC director says there’s no data children drive coronavirus spread — but the U.S. isn’t testing many kids | C
Contact Tracing Isn’t Keeping Up With America’s Reopening | W
Coronavirus: Illinois Gov. Pritzker says states were forced compete in ‘sick Hunger Games’ competition for PPE | C

Virus II
Coronavirus cases surge among younger Californians | C
Coronavirus live updates: California ramps up hospital capacity as cases surge | C
New York City Improves Disease Surveillance to Avert Covid-19 Surge | W
Birx’s nod to mask fashion is more than just sartorial | NN

Corporate finance
U.S. Companies Slashed Dividends at Fastest Pace in More Than a Decade | W
KKR to Buy Global Atlantic Financial Group for $4.4 Billion | W
Allstate to Acquire Rival Insurer National General for $4 Billion | W

Offbeat
Diversify? Almost half of Warren Buffett’s Berkshire Hathaway portfolio is now composed of a single stock | MW
Wirecard Under Criminal Scrutiny by U.S. Authorities as Part of Probe Into Alleged Bank-Fraud Conspiracy | W
Kanye West says he no longer supports Trump and that he had coronavirus | NN

Jul 08 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: S&P 500 falls for the first time in six days, Nasdaq retreats from record high | C
Stock futures flat following sell-off on Wall Street | C
Wall Street drops after strong rally as COVID-19 cases mount | R

Central banks
Fed policymakers worry growth plateauing, pledge more support | R
Fed’s Mester says economic growth ‘leveling off,’ sees more help needed | C

US policies & politics
Trump: We will pressure governors to reopen schools amid coronavirus | C
Movie theater chains sue New Jersey over coronavirus-related closures | R
‘Time Is Always Money’: Pandemic Lockdowns Hasten Infrastructure Work | N
Mary Trump book: President is a ‘narcissist’ and the son of a ‘sociopath’ | C

Europe
EU sees deeper recession, less steep rebound for euro zone | R

Geopolitics & trade
The U.S. is looking at banning TikTok—Here’s what you should know | C
Exclusive: U.S. probing allegations TikTok violated children’s privacy – sources | R

Industries & companies
Retail: Walmart’s stock rises 7% on report of Amazon Prime competitor coming this month | C

Virus I
WHO acknowledges ‘evidence emerging’ of airborne spread of COVID-19 | R
WHO says coronavirus deaths could start to rise again after cases accelerated in recent weeks, shouldn’t ‘be a surprise’ | C
Sweden Has Become the World’s Cautionary Tale | N

Virus II
Texas says new coronavirus cases jumped by more than 10,000 for the first time | C
Coronavirus strains Florida health system as some hospitals run out of ICU beds in largest counties | C
Brazil’s Bolsonaro catches coronavirus, shrugs off health risks | R
MLB Covid-19 testing hits snag because FedEx didn’t run over July 4 | C

Technology
Our Cash-Free Future Is Getting Closer | N

Jul 07 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow gains more than 400 points after big tech rally, Amazon and Netflix hit records | C
U.S. Stocks Climb, Following Surge in Chinese Markets | W
Stock futures flat following a strong rally on Wall Street | C

US
Service Sector in U.S. Shows Signs of Recovery | W
Commercial mortgage delinquencies surged at record monthly rate in June | C

US policies & politics
Coronavirus stimulus: List of PPP small business loan recipients released | C
Here’s Where the SBA’s PPP Small-Business Aid Went | B
PPP: Small business coronavirus loan database contains errors | C
Mary Trump tell-all book will be released two weeks early | C

Geopolitics & trade
U.S. trade groups urge China to increase purchases of U.S. goods, services | R
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data | W
New security law starts to break down Hong Kong’s pro-democracy economy | R
China Pulls Back From One Disputed Border, Makes New Claims on Another | W

Industries & companies
Airlines: COVID-19 and the absurd airplane middle seat debate | TheHill
Energy: Keystone XL Pipeline Stays Blocked in U.S. Supreme Court Order | B
Energy: China is storing an epic amount of oil at sea. Here’s why | NN
Retail: Shoppers across the country are retreating again as coronavirus cases surge | C
Wireless: Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei | W

Virus
Coronavirus can spread in the air ‘beyond any reasonable doubt,’ over 200 scientists tell the World Health Organization | MW
Dr. Fauci says coronavirus immunity may be ‘finite,’ duration remains uncertain | C
Don’t Let Hospitalization Trends Blind You to the Numbers Themselves | AIER
Coronavirus US: Fauci says average age of patients has dropped by 15 years as Sun Belt states gets hit | C
Media refuse to admit the coronavirus doesn’t care about red vs. blue | NYP
Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus | C

Corporate finance
Chinese Chip Giant Pursues Year’s Biggest Stock Sale | W
Uber to Buy Postmates for $2.65 Billion in Stock | W

Technology
Cancer Screening Leaps Forward | W
Tesla Has Been Working On an RNA Bioreactor

Offbeat
New Rules Detail How Foreign Students Can—and Can’t—Take Classes at U.S. Colleges This Fall | W

Jul 06 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Growth’s Edge Over Value May Finally Be Nearing Its End | BR
Frozen Treasury Yields Belie Hedging Bets on Stronger Fed Action | B
For Investors, Sometimes the Obvious Coronavirus Trade Isn’t So Obvious | W

Central banks
ECB’s Lagarde Expects Disinflation as Crisis Transforms Economy | B
ECB’s Villeroy Says Pandemic Is Forcing Permanent Policy Change | B
BoE Governor warns lenders of challenges of negative interest rates – Sunday Times | R

US
Forget earnings season. What’s the rest of 2020 going to look like? – MarketWatch
Goldman Lowers U.S. GDP Forecast, Sees 4.6% Contraction in 2020 | B
For the Economy and Stock Markets, Expect a Second Half of Fits and Starts as Covid-19 Lingers | BR
Americans Are at Risk of Going Over an ‘Income Cliff,’ and Congress Is Poised to Let It Happen | BR
Trump approves five-week extension for small business pandemic loan applications | R

Europe
Britain weighs vouchers to boost spending in virus-hit sectors, Guardian says | R

Asia
Chinese Research Papers Raise Doubts, Fueling Global Questions About Scientific Integrity | W
A North Korean Defector’s Tale Shows Rotting Military | W

US politics & policies
What a Democratic Sweep Could Mean for the Market | BR

Industries & companies
Airlines: Boeing Killed Its 747 Jumbo Jet. Here’s Why. | BR
Energy: Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis | B
Retail: Gasoline Is Cheap This July Fourth. Fuel Retailers Aren’t Complaining. | W

Virus I
World Health Organization reports new coronavirus cases reach all-time high | C
Florida and Texas report record new daily coronavirus cases | C
Mainland China reports eight new coronavirus cases, two in Beijing | R

Virus II
Coronavirus: WHO halts trial of two HIV drugs lopinavir, ritonavir | C
Britain puts $10 million into study on long term effects of COVID-19 | R
Home Caregivers Shoulder Burden in Covid-19 Fight | W

Offbeat
Rapper Kanye West announces U.S. presidential bid on Twitter; Unclear if Serious | R
This town of 170,000 replaced some cops with medics and mental health workers. It’s worked for over 30 years | NN
Road trips are the way to travel more safely this summer | C

Jul 04 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Here’s why U.S. struggles with the coronavirus could lead to Europe’s stock market taking the lead | MW
European Stocks Drift Lower With U.S. Markets Shut | W
The Cost of Bad Market Timing Decisions in 2020 Was Annihilation | B
Copper Slips, Halting Sharp Rebound | W
J.P. Morgan launches two active equity ETFs — what you need to know | C

US
Where the jobs are coming back and where they may never fully return | C
Covid-19’s Impact Won’t End With a Vaccine | W
Loans in coronavirus mortgage bailouts see largest weekly decline yet | C

US policies & politics
Senate Republicans cool to 2nd round of stimulus checks, direct deposits | C
Will Enhanced Unemployment Benefits Be Extended Past July?
Opinion | Don’t extend the Cares Act’s $600 weekly bonus | WP
Some Senators Want to ‘Go Nuclear’ to Pass Democratic Priorities | W
Trump’s Mt. Rushmore Crowd ‘Won’t Be Social Distancing,’ S.D. Governor Says: Live Updates | N
Pence Drops In on Coronavirus Hot Spots | W

China
China’s Economy Regains Strength After Strict Coronavirus Measures | W
With a Few Covid-19 Adjustments, Chinese Factory Gets Back to Work | W

Geopolitics & trade
Senate Passes Sanctions Bill Against Chinese Officials Over Hong Kong | W
China Appoints Protest and Propaganda Enforcer to Tame Hong Kong | W

Industries & companies
Airlines: Delta, American and United: The future of air travel | C
Autos: During Covid-19 Pandemic, the Used-Car Lot Is Hot | W
FAANGs: Facebook, Twitter, Google Face Free-Speech Test in Hong Kong | W
Financials: Commerzbank’s CEO and Chairman to Resign Amid Pressure From Activist Cerberus | W
Media: Facebook boycott is a turning point, ad trade group CEO says | C

Virus I
U.S. Coronavirus Cases Are Rising Sharply, but Deaths Are Still Down | N
Why We Should Not Be Concerned About Increasing Covid-19 Cases in Texas | AIER
Coronavirus Cases Are Peaking Again. Here’s How It’s Different This Time. | N
US surgeon general urges caution on US Covid-19 death rate: “We know deaths lag at least two weeks” | NN

Virus II
How the Covid-19 Surge Shifted to the South and West | W
MLB cancels All-Star Game for first time since 1945 | C
Miami mayor sets curfew, closes some businesses as coronavirus spreads | C
July Fourth weekend will test Americans’ discipline as coronavirus cases hit record | C
America’s Leaders Can’t Agree on Reopening Protocols. Neither Can Families. | W
Why coronavirus contact-tracing apps haven’t been a ‘game changer’ | C

Corporate finance
Wirecard’s Adventure-Seeking No. 2 Was Key to the Firm’s Rapid Rise. Then He Disappeared. | W

Offbeat
The Swine Flu Virus in China That Has People Worried: QuickTake | B

Jul 03 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Are the Default Choice In a World of Bad Options | Yahoo
Coronavirus Surge Strains Municipal Bond Market, but Investors Still Pile In | W
For markets in week ahead, investors will gauge the severity of the coronavirus spread | C
Hong Kong Market Accentuates the Positive After New Security Law | W

US I
CBO Sees Double-Digit Jobless Rate Through 2020, GDP to Shrink 5.9% | W
U.S. job growth roars back, but COVID-19 resurgence threatens recovery | R
The coronavirus crisis is costing states and locals hundreds of billions, analysis finds | MW
Mortgage Rates Hit a Record Low—Again | W

US II
U.S. Unemployment Rate Fell to 11.1% in June | W
4.8 Million Jobs Added in June, but Clouds Grow Over Economy | N
Businesses Hit Hard by Coronavirus Claw Back Jobs | W
Where the jobs are coming back and where they may never fully return | C

Europe
Europe Avoids Jobless Surge as Furlough Schemes Cushion Economic Decline | W

US policies & politics
Congress Eyes More Spending as Virus Cases Surge and Economy Struggles | N
Trump administration moves ahead with plan to open new pandemic office as coronavirus crisis intensifies | NN
Biden Proposes National Coordination for Coronavirus Response | W

Geopolitics & trade
Hong Kong Security Law Jolts International Business | W
New Hong Kong Security Law Prompts Rise in Self-Censorship | W

Industries & companies
Aerospace: Boeing Quietly Pulls Plug on the 747, Closing Era of Jumbo Jets | B
Airlines: Trump administration issues guidelines for air travel, stops short of social distancing onboard | C
Autos: Tesla Quarterly Deliveries Fell Less Than Expected Amid Covid Shutdown | W
Autos: Tesla ended reduced salaries this week, says internal email | C
Energy: $40 Oil Isn’t Enough To Prevent A Wave Of Shale Bankruptcies | OilPrice.com
Media: Cheap Online Live-TV Bundles Aren’t So Cheap Anymore | W
Pharma: Moderna stock skids after report says late-stage coronavirus vaccine trial delayed | C
Retail: Apparel Brands Push More-Stylish Dressing at Home | W

Virus
Coronavirus: Texas issues state-wide order requiring face coverings | C
Coronavirus on the rise in 37 U.S. states as Florida reports 10,000 new cases | R
The coronavirus may have mutated to become more infectious, Dr. Anthony Fauci says | C
U.S. Seeks Large-Scale Expansion of Blood-Plasma Collection for Covid-19 | W

Corporate finance
Tech IPOs getting mispriced, as Lemonade and Agora double in debuts | C
How Wirecard Went From Tech Star to Bankrupt | W

Offbeat
Goodbye to the Wild Wild Web | N
Is the Five-Day Office Week Over? | N

Jul 02 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Edge Up to Start Third Quarter | W
S&P 500 rises as second half 2020 kicks off. What investors should watch | C
When Companies Prepare for Disaster, Investors Should Expect Lower Returns | W

Central banks
Fed officials see need for ‘highly accommodative’ policy ahead, minutes show | C
Fed revisits idea of pledging to keep interest rates low | R
Fed Debated Options to Provide More Economic Support | W
Fed Weighs Explicit Forward Guidance but Wary of Yield Targets | B
Fed’s $600 Billion Main Street Lending Program Sees Lukewarm Interest | W
Fed received thousands of letters asking it to widen Main Street program | R

US
A Recovery That Started Out Like a V Is Changing Shape | W
The ‘Rocket Ship’ Economic Recovery Is Crashing | N
Jobs data for June could show strong rehiring ahead of the latest virus wave | C
ADP: Private payrolls June 2020 | C
Texas Virus Surge Deals State a Hit With Sales Taxes Plunging | B

China
China Announces New Retaliation Against U.S. News Outlets | N

US policies & politics
Trump backs work incentives as part of next stimulus bill | R
To avoid a step backwards this summer, Congress must renew enhanced unemployment benefits | MW
End the destructive unemployment bonus | Washington Examiner
Trump says he will have a statement on the minimum wage in the next two weeks | R
Investors are waking up to a possible Biden victory in U.S. presidential election | R
Biden tells his donors he plans to jack up their taxes.

Geopolitics & trade
A storm is coming for Mexico under USMCA | TheHill
As U.S.M.C.A. Takes Effect, Much Remains Undone | N
U.S. Readies Sanctions on China Over Rights Abuses in Xinjiang | B
U.S. Warns Businesses Over Supply Chains Tied to Rights Violations in China | W
China’s national security law: What it means for Hong Kong as a global financial center | C
Beijing Orders Four U.S. Media Outlets to Provide Information on China Operations | W

Industries & companies
Autos: Car Sales Fell in the Second Quarter, Despite Deals and Covid-19 Stimulus | W
Autos: Coronavirus tanks U.S. auto sales in the second quarter for GM, FCA | C
Pharma: Pfizer stock jumps after it reports positive data in early stage coronavirus vaccine trial | C
Pharma: Inside Moderna: The Covid Vaccine Front-Runner With No Track Record and an Unsparing CEO | W
Retail: Macy’s Says Most Stores Have Reopened as U.S. Coronavirus Infections Rise | W
Retail: Who Is the Mystery Shopper Leaving Behind Thousands of Online Shopping Carts? | W
Retail: Apple to reclose 30 more retail stores as coronavirus cases spike | C

Virus I
WHO warns some countries may have to reinstate lockdowns as coronavirus pandemic accelerates | C
Coronavirus masks: Trump doubts national mandate is needed | C
Official U.S. coronavirus death toll is ‘substantial undercount’: Yale study | C

Virus II
Blog | Better COVID-19 Data Is Coming By August 1—But Will the Public See It? | The COVID Tracking Project
Blog | The Other COVID-19 Metric We Should Be Using | The COVID Tracking Project
What Is Pool Testing? – Elemental
More People Are Getting Infected With Covid-19, but Fewer Ventilators Are Needed | Elemental
America Still Sick: the Covid Curve Has Plateaued | Elemental
Contact Tracing Isn’t Working in the U.S. | Elemental

Virus III
New York City Delays Indoor Dining as U.S. Virus Cases Keep Rising | W
If Your Colleague Has Covid-19, Will Your Employer Tell You? | W
Why Surviving Covid Might Come Down to Which NYC Hospital Admits You | N

Corporate finance
SoftBank Seeks to End Partnership With Wirecard | W

Technology
Your Child Will Be Ready Soon: Day Cares and Other Businesses Use Restaurant-Style Tech to Fight Long Lines | W

Offbeat
Fourth of July celebrations at home are driving record fireworks sales | C
‘Sitting on Millions of Dollars’ and Dying to Blow It: Not This July 4 | N
Oppressive heat approaches U.S. in early July as wildfires burn through Arizona | C

Jul 01 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rallies more than 200 points to close out its best quarter since 1987 | C
U.S. Stocks Finish Best Quarter in More Than 20 Years | W
Why stock-market strategists have never been more confused in June about the year-end outlook for equities | MW
Stock Bulls Need Proof They Were Right to Go All In on Recovery | B
Coronavirus Sends Oil Prices on Wild, Six-Month Ride Coronavirus Sends Oil Prices on Wild, Six-Month Ride | W

Central banks
Mnuchin, Powell Pledge Additional Relief to Prevent Lasting Damage to Economy | W
Fed Keeps Options Open on Yield Caps but Looks to Other Tools First | W
Fed’s Williams: Economy Has Likely Seen ‘Low Point’ in Continuing Crisis | W

US
Wave of Corporate Failures Stays at Bay—For Now | W
This is what unemployment benefits will pay without extra $600 a week | C

China
China’s Economic Recovery Picks Up Further Momentum | W

US policies & politics
Why deficits matter as much as ever | TheHill
Joe Biden rips Trump on coronavirus: ‘The wartime president has surrendered’ | C

Geopolitics & trade
Hong Kong Activists Disband With Passage of China’s National Security Law | W
China Punctures Hong Kong’s Autonomy | W
India Bans TikTok of China, Tightening Digital Borders | N
NSA Differed From CIA, Others on Russia Bounty Intelligence | W

Industries & companies
Airlines: Airbus to Cut 15,000 Jobs | N
Energy: No End in Sight for Big Oil’s Write-Downs | W
Energy: Exxon Mobil Resists Write-Downs as Oil, Gas Prices Plummet | W
Financials: Companies Hit by Covid-19 Want Insurance Payouts. Insurers Say No. | W
Logistics: FedEx Reports Better-Than-Expected Revenue as Residential Deliveries Surge | W
Tech: Microsoft Aims to Train 25 Million Workers Free in 2020 | W

Virus I
Fauci says U.S. coronavirus outbreak is ‘going to be very disturbing,’ could top 100,000 cases a day | C
Dr. Anthony Fauci says new virus in China has traits of 2009 H1N1 and 1918 pandemic flu | C
Coronavirus Live Updates: Midwest May No Longer Be a U.S. Bright Spot | N
Most People With Coronavirus Won’t Spread It. Why Do a Few Infect Many? | N
14-day quarantine: NY, NJ and CT expand travel advisories and Massachusetts announces its own | NN

Virus II
FDA to Require Proof Virus Vaccine Is Effective Before Approving Its Use | W
Under 25 and Working? Social Distancing Might Not Be Possible | W
In Early February, the Coronavirus Was Moving Through New York | N
Coronavirus update: Americans will remain barred from European travel | C
This is what top U.S. health officials say we should do differently for the next pandemic | C

Corporate finance
Uber in Talks to Buy Postmates for About $2.6 Billion | W
Here’s why the biggest U.S. mall owner might want to buy JC Penney | C

Offbeat
New York to parents: Choose your job — or your kids | P
‘Hamilton,’ ‘Umbrella Academy’ and more: Here’s what’s worth streaming in July 2020 | MW
Raising a Free-Range Child in 2020? Try a Smartwatch | W