Dr. Ed's Blog

Jun 30 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow jumps more than 500 points to start the week as Boeing and Apple rise | C
Pandemic leads to six months of global market mayhem | R
High volatility is here to stay in 2020. Goldman names 31 stocks to deliver the best returns amid the turbulence | MW
Chinese Stocks Haven’t Been So Calm Versus U.S. in Eight Years | B
Deals Resume in Sale of Risky Loan Funds | W

Central banks
The Fed is buying some of the biggest companies’ bonds, raising questions over why | C
Fed Says Primary Corporate Credit Facility Now Open for Business | B
Chair Powell says Main Street program to be useful in months ahead | R
Fed Chairman Says Economy Faces ‘New Challenges’ from Virus | W
Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus | C
Fed Looks Down Under for Rate Strategy | W

US
Coronavirus: Nearly half the U.S. population is without a job | C
‘Still Catching Up’: Jobless Numbers May Not Tell Full Story | NYT
U.S. Jobless-Claims Figures Inflated by States’ Backlog-Clearing | B
U.S. home contracts post record jump, factory activity improves in Texas | R
Pending home sales staged a historic rebound in May, meaning the worst may have already come for the real-estate market | MW

US policies & politics
The risks of not spending far outweigh the risks of spending more | TheHill
Trump campaign books swing state TV ads amid bad polls | C

Geopolitics & trade
Governments Roll Back Coronavirus Trade Barriers | W
U.S. Republicans, Democrats want to question Trump aides over Russia bounty reports | R
Trump Wasn’t Briefed on Russian Bounty Intelligence Because It Wasn’t Verified, White House Says | W
Brexit Is a Test of De-Globalization in a World of Covid-19 | W
India Bans TikTok, Dozens of Other Chinese Apps Following Border Clash | W

Industries & companies
FAANGs: Microsoft closed Mixer after it failed to keep up with Amazon Twitch | C
FAANGs: Facebook July ad suspension: Ford, Adidas and Denny’s join | C
Financials: BofA, JPMorgan Exposed to New Covid Spikes, Morgan Stanley Warns | B
Media: AMC Delays Reopening Theaters to Late July | W
Media: Clorox To Halt Facebook Ads Through Year End, Joining Advertiser Push On Content | W
Retail: Costco stops selling half-sheet cakes | NN

Virus I
Face masks: Want to prevent another shutdown, save 33,000 lives and protect yourself? Wear a face mask, doctors say | NN
Covid-19 Drug Remdesivir to Cost $3,120 for Typical Patient | W

Virus II
Coronavirus Live Updates: 54,000 Deaths in the U.S. Are Linked to Nursing Homes | N
US coronavirus: Some states return to previous restrictions hoping to slow surge of cases | NN
Some U.S. Sun Belt states backtrack after flouting pandemic guidelines | R
New Jersey delays resuming indoor dining at restaurants as coronavirus cases grow in other states | C

Corporate finance
BP Exits Petrochemicals Business in $5 Billion Deal | W
Shift Plans to Go Public This Year as Covid-19 Boosts Online Car Sales | W
Lululemon to acquire at-home fitness company Mirror for $500 million | C

Offbeat
Mapping Flood Damage: Millions More U.S. Homes At Risk Than Previously Thought | B
How to Get a Big Break on the Cost of College: Just Ask | W

Jun 29 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Fall More Than 2%, End Week Lower | W

Central banks
Virus News: Fed Bond Buys Included AT&T, UnitedHealth, Walmart | B
Fed’s ‘Run It Hot’ Recipe Works for Markets. Jobs? Not So Much | B

US
Why the American Consumer Has Fewer Choices—Maybe for Good | W
Why Big Companies Have Embraced Social Responsibility | BR
Covid Changed the Definition of Leadership. Meet Barron’s New 25 Top CEOs. | BR

US policies & politics
Invest in Public and Private Infrastructure Right Now | B
Trump says he is staying in Washington to protect law and order | R
House Democrats Will Call for 100% Clean Cars by 2035 | B

Geopolitics & trade
U.S. Presses Europe to Uproot Chinese Security-Screening Company | W

Industries & companies
Airlines: American Airlines CEO sees 10%-20% extra staff in July 2021, ‘hard’ to avoid furloughs | R
Airlines: Delta, pilots reach agreement for early retirements as business continues to suffer | C
Aerospace: FAA to Start Boeing 737 MAX Test Flights | W
FAANGs: The Facebook ad boycotts have entered the big leagues. Now what? | C
FAANGs: Facebook (FB) News: Advertising Exodus Grows | B
Media: Starbucks latest company to pause ads across social media platforms | C
Media: Some Disneyland workers protest reopening plans amid pandemic | R
Restaurants: Outdoor Dining Pushes New York City Restaurants to Rethink Menus | W

Virus I
Coronavirus cases worldwide top 10 million, near half a million deaths | C
U.S. coronavirus cases surge by more than 45,000 as states roll back reopenings | C
Investors at Crossroads as Coronavirus Forces Rethinking of Reopenings | BR

Virus II
Virus Fatality Picture Is Obscured by the Ultimate Lagging Indicator | B
Unhappy medium – Decoding the confusing messages of the coronavirus epidemic in America | E
Almost half of US COVID-19 deaths are linked to nursing homes | P
New Data Reveal Just How Deadly Covid-19 Is for the Elderly | W
Coronavirus Pandemic Led to Surge in Alzheimer’s Deaths | W
Public Transit Use Is Associated With Higher Coronavirus Death Rates, Researchers Find | W

Virus III
Florida among five states to hit daily highs for COVID-19 cases | R
Florida reports second consecutive day of record-breaking coronavirus cases | C
New York to investigate potential coronavirus cluster from graduation after Florida traveler tests positive | C
Coronavirus News in Texas: Greg Abbott Hobbled Houston Leaders | B
Washington state stops counties from moving to full reopening as coronavirus cases rise | C

Virus IV
Mike Pence campaign events postponed in Arizona, Florida as coronavirus cases spike | C
As Coronavirus Cases Spike, Many GOP Lawmakers Back Masks and Tests | W
Nancy Pelosi calls for CDC to mandate Americans wear masks amid surge in coronavirus cases | C
Masks Could Help Stop Coronavirus. So Why Are They Still Controversial? | W
Rising Coronavirus Cases Put Fresh Strain on Mask Supplies | W

Corporate finance
Strategy Behind Blockbuster Grubhub Deal: Don’t Deliver | W
How Dell Stock Can Take Off. A VMware Spinoff Is Just Part of the Answer. | BR
Wirecard Scandal Puts Spotlight on Auditor Ernst & Young | W

Technology
The world after covid-19 – Kai-Fu Lee on how covid spurs China’s great robotic leap forward | C
Ready, cane, fire – Japan’s soldiers are greying. Time to draft robots? | E

Offbeat
The next catastrophe (and how to survive it) | E
Global health – Pandemic-proofing the planet | E
Locust Swarm Enters India’s Sugar Cane Region | B

Jun 27 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets I
Stock market today: Dow drops 700 points to end the week as coronavirus spike raises concern over the economy | C
U.S. Stocks Fall More Than 2%, End Week Lower | W
These 5 giant stocks are driving the U.S. market now, but watch out down the road | MW
Oil Prices Fall as Rising Covid-19 Cases Prompt Demand Concerns | W

Markets II
Covid-19 Is a Puzzle That Wall Street Can’t Solve | W
Volatility Is Only Sure Thing in Stocks With 2% Days Piling Up | B
Lenders to Ailing Companies Circle Wagons to Fend Off Distressed-Debt Investors | W

US
U.S. Consumer Spending Rebounded in May, but Virus Surge Poses Economic Threat | W
Small Businesses Raced to Spend PPP Funds but Covid-19 Pandemic Drags On | W
Families fleeing the city are pushing up home prices amid tight supply | NBC

US politics
Democrats Campaign on Health Care as Trump Tries to End Obamacare | W
Trump Holds Back on Outlining Second-Term Agenda | W
House Passes Bill That Would Admit Washington, D.C., as 51st State | W
Have State Pollsters Learned the Lessons of 2016? | W
Coronavirus: Supreme Court rejects universal vote-by-mail in Texas | C

Geopolitics & trade
China Message to U.S.: Crossing ‘Red Lines’ Could Put Trade Deal at Risk | W

Industries & companies
Energy: Exxon Prepares to Make Job Cuts Across Oil Giant’s U.S. Offices | B
Energy: Covid to Keep More Oil Underground, Forcing Drillers to Change | B
FAANGs: Fang Fortress Rattled as Facebook Takes Biggest Hit Since Crisis | B
FAANGs: Facebook to Label All Voting-Related Posts, Not Just Trump’s | B
FAANGs: Zuckerberg: Facebook will prohibit hate speech in its ads | C
Financials: Goldman Has Choices to Make to Avoid Dividend Cut After Fed Test | B
Financials: Are the dividends from your bank stocks safe? Stress test results put pressure on future payouts | MW
Retail: Microsoft to Close Its Retail Stores | W

Virus I
U.S. sets a record for average daily coronavirus cases, rising in more than 30 states | C
Bill Gates: Poor U.S. response is making pandemic picture ‘more bleak than I would have expected’ | MW
Coronavirus Surge in South and West Looks Different From North’s | W
Texas Governor Rolls Back Reopening as U.S. Coronavirus Cases Hit Record | W

Virus II
Coronavirus: Florida reports nearly 9,000 new infections, shattering record | C
NBA finalizes plans to resume at Disney World as Florida coronavirus cases surge | C
Federal Agencies Probe Coronavirus Test-Kit Firm | W

Virus III
EU Moves Toward Urging Travel Ban on U.S. and Entry to China | B
Drug-Hunter Chases Coronavirus Treatment as Pandemic Spreads | W

Corporate finance
Amazon spending $1 billion on Zoox, will have to invest billions more | C
Albertsons Goes Public as Coronavirus Pandemic Upends Grocery Business | W
Ro, a telehealth start-up, hitting record sales monthly amid pandemic | C

Offbeat
Buttonwood – What if the dotcom boom and bust hadn’t happened? | E
Who’s going to be the next Wirecard? | FT

Jun 26 (Friday)

YRI
YRI audio podcast: Interview with Jim Grant.
Morning Briefing PDF
Daily Markets

Markets
Wall Street executives brace for Biden win as Trump fades in polls | C
Here’s An Argument That Stocks Should Be Even Higher | W
As rising virus cases spook markets, investors watching these metrics are not turning bearish yet | C
Financial shares push Wall Street higher in volatile trading | R

Credit & commodities
Virus Surge, Jobs Report Fuel Government-Bond Buying | W
Fear Revives Muni-Bond Insurance Business From Decade-Long Slump | B
The Jumbo Market Shows Signs of Heating Up | W
Russia’s Key Crude Exports to Plunge in July in OPEC+ Pledge | B
The COVID Shock to the Dollar by Stephen S. Roach | PS

US
April shutdown to June flowering? Rise in U.S. foot traffic competes with virus upswing | R
U.S. labor market, economy struggle despite reopening of businesses | R
U.S. Initial Unemployment Benefits Steady at 1.5 Million in June | W
Coronavirus Pandemic: U.S. Entrepreneurs Starting New Businesses | B
California governor declares budget emergency due to COVID-19 pandemic | R

US politics & policies
Here’s how Biden’s polling lead over Trump compares with past presidential races | C
House Set to Pass Democrats’ Policing Bill but No Path Seen for Deal | W
Mary Trump book: judge dismisses Trump family lawsuit | C
Fast rollout of the Paycheck Protection Program raises fraud risk: GAO | C
Facial recognition ban sought in Democratic lawmaker bill | C

Europe
Once the Center of the Coronavirus Crisis, Europe Now Looks Ahead With Hope | W

Geopolitics & trade
White House Considers Broad Federal Intervention to Secure 5G Future | W
Senate Passes Sanctions Bill on China Over Hong Kong Law | W
U.S. imposes sanctions on companies operating in Iran’s metals sector | R

Industries & companies
Airlines: Airlines warn passengers: Wear a mask or you can’t fly | C
FAANGs: Amazon wins naming rights to new Seattle stadium: Climate Pledge Arena | C
Financials: Bank stocks reverse higher as regulators ease Volcker Rule, JPMorgan Chase rises 2% | C
Real Estate: Commercial Real Estate Deals Plunge to Lowest Level Since 2010 | B
Retail: Macy’s to Cut 3,900 Corporate Jobs | W

Virus I
The Second Coronavirus Surge Is Here | Atlantic
Coronavirus may have infected 10 times more Americans than reported, CDC says | R
CDC says no clear evidence coronavirus quarantines for travelers work | C

Virus II
Texas Pauses Reopening, as CDC Says Millions More May Have Had Coronavirus | W
Companies Agonize Over Reopening Timetables as Covid-19 Spreads | W
Apple will re-close 14 stores in Florida because of rising Covid-19 rates | C
Bucks co-owner: NBA still plans to resume season despite coronavirus spikes | C
Arizona ‘Overwhelmed’ With Demand for Tests as U.S. System Shows Strain | N

Virus III
New York Gov. Cuomo to other states: ‘You played politics with this virus, and you lost’ | C
Trump Ignores Virus Spike as U.S. Cases Surge Toward Records | B
Trump Administration Tries to Temper Fears of Coronavirus Resurgence | W
Major grocery and meatpacking union calls for mask requirements | C
Covid-19 Overwhelms New Delhi’s Hospitals | W

Cybersecurity
Hidden Back Door Embedded in Chinese Tax Software, Firm Says | B

Offbeat
Wirecard Files for Insolvency After Revealing Accounting Hole | W

Jun 25 (Thursday)

YRI
YRI video podcast: S&P 500 Tech in 1999 and now.
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow plunges 600 points as Florida sees record jump in coronavirus cases | C
Stocks Fall as Coronavirus Infections Surge | W
Investors shouldn’t get carried away with momentum stocks while this negative pattern persists | MW
Wall Street drops on rising virus cases, weak economic view | R

Central banks
The Fed said it could supply the economy with $2.3 trillion. It hasn’t come close so far | C
Fed Is Reaching Limit on What It Can Do to Lower Mortgage Rates | B
Bankruptcy Is Extra Burden for Some Job Seekers | W

Global
IMF predicts deeper global recession due to coronavirus pandemic | R

US
Nearly 1.1 million Americans on unemployment face risky jobless period | C
How Coronavirus Upended a Trillion-Dollar Corporate Borrowing Binge and Kicked Off a Wave of Bankruptcies | W
The Urgency of Returning to Full Employment | W

US politics
Senate Democrats Block GOP Policing Bill | W
Trump Campaign Weighs Alternatives to Big Social Platforms | W
U.S. court orders dismissal of case against former Trump aide Michael Flynn | R
U.S. senators question meatpackers over exports to China during pandemic | R
Treasury may consider delaying Tax Day to Sept. 15, Mnuchin says | C

Geopolitics & trade
Exclusive: Trump administration labels Huawei, Hikvision as backed by Chinese military – document | R
Tariffs on European Food Could Expand Under New U.S. Proposal | W

Industries & companies
Autos: Tesla Quality Falls Short in J.D. Power Car Survey | W
Autos: New Ford F-150 to feature integrated generator, over-the-air updates | C
Chemicals: Bayer Reaches $10.5 Billion Settlement Over Weedkiller Roundup | W
FAANGs: Apple Store: Seven Houston, TX stores re-closing due to Covid-19 | C
Financials: Bank stocks may ‘rally powerfully’ once investors realize their concerns are overblown | MW

Virus I
Coronavirus Numbers Are Accelerating Across U.S. | W
WHO warns coronavirus still hasn’t ‘reached its peak’ in Americas | C
California reports more than 7,000 coronavirus cases, biggest daily jump so far | C
Florida reports another record spike in coronavirus cases, up 5.3% in a day | C

Virus II
14-day quarantine: NY, NJ and CT require travelers from states with high coronavirus rates to quarantine | NN
Disney World employees petition to delay reopening | C
Coronavirus: Federal government to end funding some Covid-19 test sites | C
Fauci says in 40 years of dealing with viral outbreaks, he’s never seen anything like COVID-19 | MW

Corporate finance
Dun & Bradstreet looks to raise up to $1.38 billion in U.S. IPO | R

Offbeat
‘Massive’ Forgery Helped Hide $3 Billion Hole in Energy Trader’s Books | W

Jun 24 (Wednesday)

YRI
YRI video podcast: S&P 500 Tech in 1999 and now.
Morning Briefing PDF
Daily Markets

Markets
Stocks recover after China trade deal scare — Cramer, others react | C
Nasdaq Hits Another Record as Tech Shares Fuel Rally | W
There’s a wave of selling estimated to be in the billions that’s about to hit the stock market | C

Global
Global Economy Shows Signs of Pulling Out of Its Slump | W

US
Americans Will Soon Need Extra Money They Saved in Lockdown | B
Housing market should ‘cool off’ later in year, Moody’s economist Zandi says | C
How Much Covid-19 Cost Those Businesses That Stayed Open | W

US policies & politics
Mnuchin Says Stimulus May Pass Congress in July to Boost Economy | B
Lawmakers Ask Fed to Help Businesses Struggling to Make Mortgage Payments | W
Wall Street firm tells clients Senate will flip to Democrats as Biden surges | C
Twitter puts warning notice on Trump tweet for ‘abusive behavior’ | R
White House considers CDC shakeup over Covid-19 response, report says | C

Geopolitics & trade
Trump threat to ‘decouple’ U.S. and China hits trade, investment reality | R
China has picked up its ‘game’ on trade with U.S., Trump adviser says | R

Industries & companies
Autos: Mercedes-Benz partners with Nvidia on upgradable vehicles | C
Autos: Federal judge orders heads of GM, Fiat Chrysler to try to resolve GM racketeering lawsuit | C
Consumer: Women With Cancer Awarded Billions in Baby Powder Suit | N
Consumer: Missouri Court Cuts Talc-Powder Verdict Against J&J to $2.1 Billion | W
FAANGs: Apple Is the Newest Chip Giant in Town | W
FAANGs: Apple’s New Macs: How They’ll Work After Ditching Intel Chips | W
FAANGs: Amazon to Launch $2 Billion Venture Capital Fund to Invest in Clean Energy | W
Homebuilders: Homebuilders see strongest May sales in over a decade, but they have a big problem | C
Retail: Saks to Reopen Fifth Avenue Flagship With UV Handrail Cleaners, Video Shopping Service | W
Tech: Etsy stock climbs to record, tripled since March, spurred by masks | C

Corporate finance
Dell, VMware spike on report Dell looking at options for VMware stake | C

Virus I
As U.S. coronavirus cases surge, Texas, Arizona and Nevada hit new records | R
Only a Trickle of Wall Street Workers Return for NYC’s Reopening | B
French Contact-Tracing App Struggles with Slow Adoption. It Isn’t Alone | W

Virus II
Fauci says parts of U.S. are seeing a ‘distrubing surge’ of coronavirus | C
Fauci warns of ‘more and more’ coronavirus complications in young people | C
Fauci Says Health Officials Haven’t Been Told to Slow Coronavirus Testing | W

Offbeat
Mexico earthquake: 7.4 magnitude quake hits Oaxaca, prompts tsunami threat | NN
Toppling of Statues Triggers Reckoning Over Nation’s History | W
Wirecard’s Former CEO Markus Braun Is Arrested | W

Jun 23 (Tuesday)

YRI
YRI video podcast: S&P 500 Tech in 1999 and now.
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow jumps 150 points, Apple leads Nasdaq to record close | C
There’s nearly $5 trillion parked in money markets as many investors are still afraid of stocks | C
Coronavirus Cash Needs Prompt Companies to Rethink Investments | W
Creating Portfolios That Are ‘Not for the Faint of Heart’ | N

Central banks
The Fed’s corporate bond buying is stoking bubble fears | C
Fed’s Rosengren sees difficult second half for U.S. economy | R

US
Existing home sales plunge in May, but Realtors think that was the bottom | C

China
China Tech Firms Face Backlash Over Beijing’s Policies | W

US policies & politics
Trump to Order Freeze on Many Work Visas Through End of Year | B
U.S. Imposes Restrictions on More Chinese Media Outlets | W
Attorney General Barr, Berman at Odds Over Letter Criticizing New York City Mayor | W
After Tulsa Rally, Trump Heads to Arizona, Wisconsin | W

Geopolitics & trade
U.S. Imposes Constraints on Four More Chinese Media Outlets | B
Taiwan Extends a Cautious Hand to Hong Kong Activists | W

Industries & companies
FAANGs: Apple shares: Market watchers dig into the FAANG stock trade | C
FAANGs: Apple to Split With Intel, Shift to In-House Chips for Macs at WWDC | W
Fintech: Wirecard Says Missing $2 Billion Probably Doesn’t Exist | W
Media: Google’s U.S. Ad Revenue Is Expected to Decline in 2020, eMarketer Says | W
Retail: Coronavirus Changed Everything. Except T.J. Maxx. | W
Tech: Zoom is no longer the best-performing work-from-home stock | C
Tech: Microsoft to discontinue video game streaming service Mixer in July | C

Virus I
Gilead to Begin Human Testing of Inhaled Version of Covid-19 Drug Remdesivir | W
Coronavirus contact tracing ‘will save lives’ if officials build it | C

Virus II
Coronavirus cases soar in big countries, especially Brazil, WHO says | R
Coronavirus Rips Through Italy’s Postwar Entrepreneurial Generation | W
US Prepares for Flu Season Complicated by Coronavirus Pandemic | B

Virus III
San Francisco wants OK to reopen barbershops, outdoor bars ahead of schedule | C
New York Subway System May Implement Temperature Checks, Robot Cleaners | W
New York City Commuters Return as Phase Two of Reopening from Coronavirus Lockdown Begins | W
Coronavirus: 2 Trump campaign staffers test positive for Covid-19 | C

Cybersecurity
The Industries Most Vulnerable to Cyberattacks—and Why | W

Corporate finance
Jim O’Neill: Era of stock buybacks could be over | C
SoftBank plans to sell up to $21 billion worth of T-Mobile stock | C

Offbeat
A Multibillion-Dollar Opportunity: Virus-Proofing the New Office | N
In the face of a cultural reckoning, it turns out massive corporations can move fast and fix things | NN

Jun 22 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets I
Dow Jones Industrial Average Finishes Week Higher Because There’s More Than Just a ”Fed Put.” | BR
More Stocks Are Driving Market Rally, Decreasing Reliance on Big Tech | W
A ‘Buy Everything’ Rally Beckons in World of Yield Curve Control | B

Markets II
Looking for income? These Stocks Offer Good Yields and Modest Risks. | BR
The trouble with climate finance – Green investing has shortcomings | E
Emerging Markets Are Awash in Confidence That Liquidity Will Last | B

Global
The new world disorder – Global leadership is missing in action | E

US
Cash Remains King as Companies Close a Dismal Second Quarter | W
These Industries Were Hardest Hit in the First 100 Days of the Pandemic. Where They Are Headed Next. | BR
Restaurant Reservations, Driving Directions and Other Indicators Wall Street Is Watching | W
Wealth Inequality Doesn’t Show Up in Broad Economic Metrics, Masking the Fragility of Our Current System | BR
Why the Widening Wealth Gap Is Bad News for Everyone | BR
A Universal Fund Could Work Like a Voluntary UBI to Fix Income Inequality | BR

US policies & politics
Barr Says Social Media ‘Starting to Censor’ Views Is Problematic | B
White House officials on the defensive after Trump says he wanted testing slowed down | NN
Trump ‘furious’ about ‘underwhelming’ crowd at Tulsa rally | C
Biden VP search: Atlanta Mayor Keisha Lance Bottoms rises amid protests | C

Geopolitics & trade
Identify yourself – China’s next move in the South China Sea | E
AG Barr Says U.S. Businesses ‘Part of Problem’ in Battling China | B

Industries & companies
Autos: The Pandemic Has Pushed Car Buying Online. It’s Expected to Stick. | W
Biotech: Biotech Stocks Are Getting Ready to Run. How to Play the Sector. | BR
FAANGs: The genius of Amazon – The pandemic has shown that Amazon is essential—but vulnerable | E
FAANGs: Apple still has a lot of room to grow in health care | C
Financials: Banks have grown by $2 trillion in deposits since coronavirus first hit | C
Financials: Companies Are Paying a Lot More to Insure Their Directors and Officers | W
Fintech: Short Sellers Made $2.6 Billion Off Wirecard’s Plunge, but Not Without Scars | W
Manufacturing: Barron’s Stock Pick: Boat-Maker Brunswick Could Catch a Wave on Wall Street | BR
Retail: How mall closings in America hurt the towns depending on them | C
Wireless: Huawei’s 5G Dominance Threatened by U.S. Policy on Chips | W

Corporate finance
American Air Said to Plan $1.5 Billion Stock, Convertible Sale | B

Virus I
U.S. reports 30,000 daily coronavirus cases, highest number since May 1 | C
US coronavirus: More young people across the South are testing positive for coronavirus, officials warn | NN
Coronavirus cases spike in Alabama: ‘We are extremely concerned about these numbers’ | C
Germany’s coronavirus reproduction rate jumps to 2.88 | C

Virus II
Everything you need to know about California’s mandatory mask rules
Efforts for Coronavirus Vaccine Focus on Vulnerable Group: Older Adults | W
Coronavirus: NIH halts clinical trial of hydroxychloroquine after finding no benefit to patients | C
People asking friends to take Covid-19 tests before hanging out | C
NYC Phase Two Reopening 2020: What You Should Know | B
New Yorkers Now Can Return to the Office. Most Are Staying Away. | W

Offbeat
Sailors are stranded at sea – Cargo ship crews are stuck at sea | E
During Coronavirus, Parents Face Fight for Right to See Care-Home Children | BR
Gadgets Should Have Expiration Dates | W

Jun 20 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
S&P 500 closes lower as COVID-19 resurgence casts a shadow on sentiment | R
The stock market is running out of steam with reopening trades fading and economic data ‘uneven’ | C
Oil Prices Rise Above $40 on Demand Hopes | W

Central banks
Fed’s Rosengren Says U.S. Economy Will Need More Monetary, Fiscal Support | W
Fed to Assess How Banks React to Possible Covid-19 Scenarios | W
Powell Says Crisis Exposes Long-Standing Inequalities | W

US
Juneteenth gives corporations chance to act following George Floyd killing | C
Food Inequality Crisis Deepens in U.S. Under Pandemic’s Pressure | B
U.S. Companies Brought Back Foreign Profits as Coronavirus Struck | W

US politics
Trump signals new effort to end ‘Dreamers’ immigration program after court defeat | R

Europe
Merkel and Lagarde Tell EU It Needs to Deliver: Summit Update | B

Geopolitics & trade
China to Speed U.S. Farm Purchases After Secretive Hawaii Talks | B
Two Canadians Detained in China Indicted on Espionage Charges | W
How the Coronavirus Will Reshape World Trade | W

Industries & companies
Aerospace: Inside the Aviation Industry’s Toughest Battle Yet: Getting Back in the Skies | W
Tech: Samsung Unveils Cheaper 5G Phone to Lure Reluctant Buyers | W

Virus I
WHO: COVID-19 pandemic is ‘accelerating,’ in ‘new and dangerous phase’ | MW
U.S. coronavirus cases surge by nearly 27,700 in a day | C
Apple Closes Retail Stores in Four States as Coronavirus Cases Rise | W
White House insists coronavirus is ‘a priority’ as Trump prepares for rally | C

Virus II
U.S. hospitals in hard hit regions step up use of steroids on sickest COVID-19 patients | R
How Long Will Coronavirus Last? Pandemic Will Stretch Into 2021 | B
AMC Theaters Mandates Masks for Moviegoers After All | W

Offbeat
Arianespace’s Vega rocket challenging SpaceX, Rocket Lab in the small satellite market | C
IRS Used Cellphone Location Data to Try to Find Suspects | W
Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn’t Exist | W

Jun 19 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Slip as Investors Track Rise in Coronavirus Cases | W
Nasdaq explains how new SEC proposals could profoundly transform US equity markets | C

Wall Street
Jeremy Grantham Predicted Two Previous Bubbles. And Now? | W
Cramer rails against money managers for scaring investors out of market | C
Boaz Weinstein Is Making Bank. He’s Not Happy That You Know About It. | II
Fund manager who spotted the stay-at-home trend two years ago has his eye on these stocks now | MW

Central banks
Former Fed Economists Urge Easier Terms for ‘Main Street’ Loans | W
Mnuchin, Powell Defend Borrower Requirements Under Emergency Lending Programs | W

Global
IMF says deeper-than-expected contraction in U.S. economy likely in second quarter | R

US I
Jobless Claims Worse Than Forecast in Glacial Move in Layoffs | B
U.S. labor market improvement stalling; second wave of layoffs seen | R
Another 1 million jobless claims show Congress may need to extend extra benefits set to expire | C
U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease | R

US II
Economy snapping back but still has long way to go, alternative data shows | C
Latest Shape of Economic Recovery: How About a Bird’s Wing? | B
Richest 25% of Americans Cut Spending the Most During Pandemic | B

US policies
Supreme Court Stops Trump From Canceling DACA Program | B
Lawmakers Push for $120 Billion in Aid for Restaurants Hit by Coronavirus | W
EPA Won’t Regulate Rocket Fuel Additive Perchlorate | W

Geopolitics & trade
Japan Woos Hong Kong Business as Abe Cools to China | W
How Europe Can Live with China | Project Syndicate

Industries & companies
Grocery stores: Kroger stuns with 92% e-commerce gain, but it has to prove it’s not a coronavirus blip | C
Media: NFL, HBO agree to multi-year extension for ‘Hard Knocks’ | C
Restaurants: Subway franchisees to hire 50,000 workers as $5 footlong deal comes back | C

Virus
100 days of the COVID-19 pandemic: 5 critical mistakes that created the biggest public-health crisis in a generation | MW
Trump coronavirus task force absent as states struggle with new cases | C
Coronavirus: Parts of the U.S. are ‘on the cusp of losing control,’ Gottlieb says | C
New York Gov. Cuomo mulls quarantine Florida travelers as cases rise | C
Coronavirus Is Taking a High Toll on Sweden’s Elderly. Families Blame the Government. | W

Corporate finance
Hertz Suspends Sale of ‘Worthless’ Stock Amid SEC Scrutiny | B

Offbeat
Coronavirus update: People flee cities to live in suburbs | C
20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance | F