Dr. Ed's Blog

Jun 06 (Saturday)

YRI
YRI video podcast: Gasoline demand is V-shaped, but usage of other petroleum products looking weak.
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow jumps 900 points, Nasdaq hits a record after surprise U.S. jobs surge | C
Wall Street rallies to end higher on surprise U.S. jobs report | R
Stocks Close Sharply Higher on Surprisingly Upbeat Jobs Report | W
Bears Thwarted Again by Stock Market That Believes in Recovery | B
Payment Problems Rise in Fast-Growing Private-Debt Market | W
Investors Climb Back Into Riskiest Emerging-Market Bonds | W

Central banks
Fed Vow Boosts Debt Binge as Borrowers Cut Thousands of Jobs | B
After U.S. jobs stunner, traders leave negative rate bets in the rear view | R
Powell spoke almost daily with Mnuchin in April | R
Fed Embraces Libor Again and Risks Undermining Push to Kill It | B
How The Transition Away From LIBOR Is Actually Going | B

US I
U.S. Unemployment Rate Fell to 13.3% in May | W
U.S. labor market unexpectedly improves; recovery years away | R
May’s jobs report stunner: real deal or head fake? | R
America’s Employment Crisis Has Turned the Corner | W
The recovery from the coronavirus sure looks V-shaped, going by these charts | C

US II
Where Employment Improved—and Where It Didn’t | W
More State, City Jobs Lost in Two Months Than During Recession | B
Coronavirus recovery: Black workers are being left out, data shows | C
The coronavirus pandemic has created a new job: temperature taker | C

US politics
Trump’s Focus Shifts Away From Coronavirus | W
Coronavirus stimulus: Trump, Dems talk relief bill after jobs report | C
Citigroup exec Ray McGuire discussed potential NYC mayor run with strategists | C

Geopolitics & trade
Trump threatens EU, China with tariffs; names Navarro ‘lobster king’ | R
U.S. Eases Flight Ban on Chinese Airlines | W
China and India Try to Ease Tensions at Disputed Border | W
Trump Directs U.S. Troop Reduction in Germany | W
Presidential Campaigns Targeted by Suspected Chinese, Iranian Hackers | W

Industries & companies
Airlines: United plans to close three overseas flight attendant bases as international travel suffers | C
Aerospace: Boeing (BA) Stock Heads for $35 Billion Weekly Gain on Recovery | B
FAANGs: States lean toward pushing to break up Google’s ad tech business | C

Virus
‘We don’t inevitably have to have a second wave,’ says Anthony Fauci, top U.S. infectious-diseases doctor | MW
Dr. Anthony Fauci says Americans who don’t wear masks may ‘propagate the further spread of infection’ | C
Dr. Anthony Fauci says whether schools reopen in the fall is ‘complicated’ | C
U.S. Distribution of Covid-19 Drug Remdesivir Improved But Still Wasn’t Enough | W
Google, Apple Struggle to Regulate Covid-19 Tracing Apps | W
It’s Covid Code Red in Latin America With No Signs of Peaking | B

Corporate finance
J.C. Penney Jumps on Report It’s in Early Talks With Sycamore | B
Brooks Brothers seeks potential bankruptcy financing amid sale process | C
Grubhub has two new suitors, Just Eat Takeaway and Delivery Hero | C

Offbeat
The Results Are In for Remote Learning: It Didn’t Work | W

Jun 05 (Friday)

YRI
YRI video podcast: Gasoline demand is V-shaped, but usage of other petroleum products looking weak.
Morning Briefing PDF
Daily Markets

Markets
Stock market today: S&P 500 snaps 4-day winning streak, Nasdaq-100 touches record before retreating | C
Euro Jumps as ECB Expands Bond-Buying Program | W

Central banks
European Central Bank Ramps Up Stimulus Program Beyond $1.5 Trillion | W

US
U.S. Exports, Imports Fell Sharply in April Amid Coronavirus Disruptions | W
Unemployment Claims Hold Steady as Economy Slowly Reopens | W
Thousands are volunteering to be laid off | NN
Mortgage rates are at historic lows — but the coronavirus pandemic is making homes less affordable for buyers | MW
Supply Chains, Safety Protocols Hobble U.S. Factories | W

US politics
Nancy Pelosi: Incremental change is not enough in response to unrest | C

Japan
Japan’s household spending falls at record pace in April on pandemic hit | R

Geopolitics & trade
The death of globalisation has been announced many times. But this is a perfect storm | The Guardian
Russia’s Putin Declares Emergency Over Massive Arctic Fuel Spill | W

Industries & companies
Airlines: U.S. to revise Chinese passenger airline ban after Beijing move | R
FAANGs: Amazon licenses Slack for workers as Slack adopts AWS video-call tech | C
FAANGs: Elon Musk Calls for Amazon Breakup in Latest Spat With Jeff Bezos | W

Virus
U.S. coronavirus cases have been slowly ticking up since Memorial Day | C
Coronavirus: CDC is worried Americans aren’t following its advice as U.S. cases continue to rise | C
Getting the Coronavirus Twice Is Highly Unlikely (in the Short Term) | Elemental
Hope dims for hydroxychloroquine even as medical study detailing the drug’s failure is retracted | MW

Corporate finance
ZoomInfo rockets over 80% in first tech IPO of Covid-19 era | C
Amwell files for IPO confidentially | C

Offbeat
Planning for the Post-COVID-19 Workforce: Four Scenarios | Wharton
NYU Eyes Thousands of Hotel Rooms for Socially Distanced Dorms | B

Jun 04 (Thursday)

YRI
YRI Video Podcasts are back: Consumers’ huge cash stash set to fuel V-shaped recovery.
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rallies 500 points, heads for 3-day winning streak on hope of economic recovery | C
The Nasdaq trades within 2% of a record high as the unbearable lightness of the stock market continues | MW
America is in turmoil and stocks are booming. Is the market broken? | NN
Here’s why there’s a ‘huge disconnect’ between stock market and economy | C
Blushing Bulls: Even Stock Optimists Grow Nervous About Rally | B
Investors Channel Over $150 Billion Into Coronavirus Bonds | W

Central banks
Fed expands municipal liquidity program to include transit, airports, utilities| R
ECB Seen With Only One Choice Tomorrow to Avoid Market Rout | B

US
Coronavirus Unemployment Rate: A Second Wave of Layoffs Is Coming | B
How Many U.S. Workers Have Lost Jobs During Coronavirus Pandemic? There Are Several Ways to Count | W
Virus-hit U.S. state revenue could start slow recovery in third quarter: analysts| R

US politics
Officials Discuss Return of Troops From Washington as Administration Mulls a Military Response | W
In Rare Break, Some Republicans Reject Trump’s Harsh Response to Unrest | N
Coronavirus Stimulus Funds Are Largely Depleted After Nine Weeks | W
House Democrats Promise Bill on Policing, Race Within Weeks | B

Geopolitics & trade
New U.S. restrictions on 33 Chinese firms and institutions take effect June 5| R
Trump administration bans Chinese passenger carriers from flying to U.S. | C
3 Million Hong Kong Residents Could Be Offered U.K. Citizenship Amid China Standoff | W
Huawei Risks Tougher Line From Britain After Latest U.S. Offensive | W

Industries & companies
Autos: Looking for a Good Deal on a New Car? You’re Probably Too Late | W

Corporate finance
Warner Music Shares Surge in Market Debut | W

Virus I
Coronavirus Cases in Europe Drop to Fewest Since March; India Sees Surge | W
What We Can Learn From South Korea’s Coronavirus Response | Elemental
The Good and Bad Lessons From Sweden | Elemental
Scientist Behind Sweden’s No-Lockdown Policy Says It Wasn’t Strict Enough | W
Italy and the Coronavirus: How the Pandemic Got so Bad | Elemental

Virus II
Everything You Need to Know About Antibody Testing Now | Elemental
WHO says coronavirus has not meaningfully mutated to a more lethal or contagious form | C
Coronavirus live updates: WHO resumes study of malaria drug and says virus has not mutated significantly | C

Virus III
Vacationers ‘Bust Out’ Even With Corporate Travelers Stuck Home | B
US coronavirus: Cases surge in south and west as crowded protests spark worries | NN
The Pandemic Sent 1.5 Billion Children Home From School. Many Might Not Return. | W

Jun 03 (Wednesday)

YRI
YRI Video Podcasts are back: Consumers’ huge cash stash set to fuel V-shaped recovery.
Morning Briefing PDF
Daily Markets

Markets
Stocks futures rise as Wall Street grows optimistic about economy reopening C
Why stocks could keep going higher even with massive unrest across America C
Amid disease, riots and rising U.S.-China tensions, the stock market keeps it cool MW
China and Europe ‘bailed our stock market out,’ Jim Cramer says C
Cleaning Up Toxic Loans Was Meant to Be a Great Investment. Then Coronavirus Hit. W
Bond Traders in Japan Can’t Stop Fretting Over Long-End Supply B

Central banks
Negative interest rates could be needed for a ‘V’ recovery, Fed economist says C

Japan
Japan’s service sector activity shrinks for fourth month in May: PMI R

US politics
White House Weighs Options for Next Stimulus Bill W

Geopolitics & trade
U.S. Weighs Tariffs Against Nations Seeking to Tax Internet Firms W

Industries & companies
FAANGs: Amazon plans summer sale for June 22 to ‘jumpstart sales’ C
Financials: Wells Fargo cuts back from making loans to independent car dealerships C
Retail: Adidas Voices Solidarity While Closing Its Stores N
Tech: Microsoft Takes On Zoom and Slack in a Battle for Your Work Computer W
Tech: Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year C

Virus
U.S. Investors, Take Note: Korea and Taiwan Show How the Virus Restrains Economic Activity BR
Heart Drugs Show Promise With Covid-19 Complications W
Dr. Anthony Fauci says there’s a chance coronavirus vaccine may not provide immunity for very long C
At-Home Covid-19 Testing Arrives, With Accuracy and Access Questions W

Corporate finance
Warner Music, ZoomInfo Poised to Boost IPO Market W

Jun 02 (Tuesday)

YRI
YRI Video Podcasts are back: Consumers’ huge cash stash set to fuel V-shaped recovery.
Morning Briefing PDF
Daily Markets

Markets
U.S. stocks gain as signs of recovery offset protests, economic worries R
Stocks Start Week With Modest Gains W
‘Bankrupt in Just Two Weeks’—Individual Investors Get Burned by Collapse of Complex Securities W

Credit
Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’ N

US
U.S. manufacturing activity crawls off 11-year low R
Output Decline at Factories Eases, But Recovery Set to Be Slow W
Mortgage Sector Off to Worst Start Since 2013 Despite Fed Help B
Small Business Owners Grateful for Aid, but Worried About What Comes Next N

Global
China’s Barely Begun Economic Recovery Shows Signs of Stalling W
U.K. Economy Now Running at 85% Normal Capacity, Barclays Says B

US politics
Trump Pushes Governors to Get Tough on Violent Protesters W
Voting by Mail to Face Biggest Test Since Pandemic Started W
Record rise in unemployment casts a shadow over Trump’s re-election bid MW

Geopolitics & trade
A semiconductor ‘cold war’ is heating up between the U.S. and China MW
‘Lemon’ or not, Trump stuck with Phase 1 China trade deal for now R
WHO pushes to keep ties with ‘generous’ U.S. despite Trump’s exit move R
Congress must fix America’s unconstitutional trade laws
Russia Sets July 1 Vote on Constitutional Changes Allowing Putin to Extend His Rule W

Industries & companies
Casinos: Protests may derail an expected strong reopening for Las Vegas casinos C
Consumer: Nestlé Loses Fight With Impossible Foods Over Meatless Burger Branding W
FAANGs: Facebook Employees Stage Virtual Walkout to Protest Trump Posts N
Media: YouTube’s Chase for Streaming-TV Ad Dollars Faces Hurdles W

Corporate finance
Zynga to Buy Turkish Mobile-Game Studio Peak for $1.8 Billion W

Virus I
WHO says coronavirus isn’t losing potency: ‘This is still a killer virus’ C
Coronavirus May Be a Vascular Disease, Which Explains Everything
The Long-Term Health Impacts of Being Infected With the Coronavirus

Virus II
Does Hydroxychloroquine Work? Here’s What Science Says
Eli Lilly Begins Testing Covid-19 Drug Derived From Blood of Survivor W
A new batch of data for Gilead Sciences’ remdesivir points to efficacy but it’s no ‘silver bullet’ MW
Gilead’s Covid-19 Drug Remdesivir Modest Benefit in Large Trial B
Chicken Soup, Remdesivir and Deep Breaths: How Older Patients Survived Covid-19 W
Warnings Surface About New System to Disinfect N95 Masks W

Offbeat
Why That Man Ran a Marathon in His Driveway

Jun 01 (Monday)

YRI
YRI Video Podcasts are back: Consumers’ huge cash stash set to fuel V-shaped recovery.
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Are Outpacing the Rest of the World W
Why the stock market right now is stronger than even the most bullish investors believe MW

Central banks
Saudi Central Bank Gave Country’s Wealth Fund $40 Billion for Foreign Buying Spree W

US
Great Depression-Like Jobless Rate Seen for U.S.: Eco Week Ahead B
Americans Are Getting Back on the Road. 3 Stocks to Buy. BR
Finance Jobs in New York, NYC: Analysis Hints Recovery in 2026 B

US politics
Democrats Stick With Tax-Rise Policies as They Make Plans for 2021 Majority W
Two Crises Convulse a Nation W

Geopolitics & trade
Trump Takes Steps Meant to Punish Beijing Over Hong Kong W
Dragon strike – China has launched rule by fear in Hong Kong E
Beijing Threatens Hong Kong’s Companies and Workers N
U.S. Businesses Brace for Damage as Tensions Grow Over Hong Kong W
Trump postpones the G-7 summit and seeks to add countries to the invitation list C

Industries & companies
FAANGs: Amazon warehouse TV spot puts video news packages back in spotlight C
Hotels: The Coronavirus Has Hit the Hotel Industry Hard. But Extended Stay’s Stock Could Emerge a Winner. BR
Manufacturing: Play-Set Maker Needs Workers, but They Are a Hard Sell W
Retail: Target Temporarily Closing or Shortening Hours at 200 Stores N
Semiconductors: Semiconductor Industry to Lobby for Billions to Boost U.S. Manufacturing W
Shipping: Postal Package Deliveries ‘Bogged Down’ With Delays, Backlogs W
Tech: U.S.-China tensions are expected to rise and increasingly weigh on the technology sector C

Corporate finance
How Will Hertz’s Bankruptcy Affect the Car Industry?

Virus
The American way – How the world’s most powerful country is handling covid-19 E
India Plans to Ease Lockdown Even as Coronavirus Cases Surge W
How Covid-19 Will Shape the Future of Senior Living. New Models of Care, More Aging in Place. BR
Is It Safe to Reopen Schools? These Countries Say Yes. W
Coronavirus Vaccine: What About Tests for Kids? B
Plexiglass Is the New Hot Commodity as Businesses Try to Reopen W

Offbeat
SpaceX Crew Dragon capsule carrying NASA astronauts docks with ISS C
How robots are replacing wheelchairs to help people walk again C
Ben Folds uses Patreon to perform for fans amid Australian quarantine C

May 30 (Saturday)

YRI
YRI video podcasts are back. Here is the latest one on the rebound in gasoline usage.
Morning Briefing PDF 
Daily Markets

Markets
Stocks Notch Big Monthly Gains W
Oil jumps nearly 90% in May to $35, registering best month on record C

Central banks
Fed’s Powell fears second coronavirus wave, reiterates crisis-fighting pledge R
Federal Reserve Discloses Holdings of $1.3 Billion in Exchange-Traded Funds W
Days from launch, Fed officials eye ‘Main Street’ program expansion R
Fed’s Kaplan Says Strong Virus-Testing Regime Needed to Boost Confidence W
Powell Says Fed Crossed Red Lines When Virus Demanded Action B

US I
Forget Swooshes and V’s. The Economy’s Future Is a Question Mark. N
Expect more shocking economic data in the week ahead with the unemployment rate set to near 20% C
The Real Economic Opening We Need by John B. Taylor
Is Inflation Dead? Some Investors Bet It Could Roar Back W

US II
U.S. Consumer Spending Plunges While Stimulus Boosts Incomes B
Consumer Spending Fell a Record 13.6% in April W
Surge in U.S. Incomes Masks Fragile Situation for Many Americans B
Coronavirus Aid: Millions Can See Its End, and They’re Scared N

US politics
Coronavirus stimulus: Mitch McConnell says relief bill will be final one C
Trump threat to pull ‘billions’ in internet ad spending is exaggerated C
Exclusive: U.S. taxpayers’ virus relief went to firms that avoided U.S. taxes R
Michael Flynn transcripts released, calls with Russian diplomat detailed C

Geopolitics & trade
Beyond Hong Kong, an Emboldened Xi Jinping Pushes the Boundaries W
Trump taking action to eliminate special treatment for Hong Kong C
Trump administration to study ways to protect for U.S. investors from Chinese firms R
Protectionism Spreads Globally With the New Coronavirus W
Trump says the U.S. will cut ties with World Health Organization C

Industries & companies
Airlines: United cuts 13 execs as travel demand ‘a very long way from where it was’ C
Autos: Pandemic Forces Car Dealers to Do the Unthinkable: Sell Online N
Media: Disney World gets green light to reopen July 11 C
Media: Comcast, Charter and ViacomCBS Join Forces to Make TV Commercials More Targeted W
Retail: Pier 1 Gets Approval From Judge to Liquidate Remaining Stores B
Tech: Tech’s First Big Plan to Tackle Covid-19 Stumbles: ‘An App Is Not Going to Fix This’ W

Virus
NYC and New Jersey, Virus Epicenters, Will Revive in June B
New York Drives Back Coronavirus’s Deadly March W
Blood of Recovered Covid-19 Patients Is Becoming a Hot Commodity W
Novartis Inks Deal to Make Experimental Coronavirus Vaccine W
CDC quietly revised coronavirus warnings on reopening religious sites C
How businesses are trying to protect against coronavirus lawsuits C

Corporate finance
Hertz bankruptcy, distressed rental car market hurts U.S. automakers C

Offbeat
As WeWorks lie empty, coworking spaces face their day of reckoning
Citi Breaks With Rivals on Whether Work From Home Is Permanent B

May 29 (Friday)

YRI
YRI video podcasts are back. Here is the latest one on the rebound in gasoline usage.
Morning Briefing PDF 
Daily Markets

Markets
Stock market today: Dow falls for the first time in 3 days, drops 100 points on U.S.-China tensions C
Why one stock-market bull, who called the bounce off March lows, now sees the S&P 500 rising another 7% by August MW
Stock futures are flat ahead of Trump’s U.S.-China news conference on Friday C

Credit & commodities
U.S. Corporate Bond Sales Smash Record, Soaring Over $1 Trillion B
A $2 Trillion Debt Deluge is Set to Flatten Japan’s Yield Curve B
Oil Prices for May 29, 2020: Brent Crude, WTI B
Global Glut Keeps a Lid on Natural-Gas Prices W

Central banks
Why it might be a gamble for companies to borrow directly from the Fed MW

US
Easing Unemployment Claims Show Slower Pace of Coronavirus-Related Layoffs W
The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs MW
New Jersey May Have to Fire 200,000 Public Workers, Murphy Says B
White House Won’t Issue Economic Projections This Summer, Official Says W

China
China Loosens Business Travel From Korea and Germany, Pressuring Other Countries W
Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee W

US politics
Trump targets social media with executive order after Twitter fact-checks him C
Trump move could scrap or weaken law that protects social media companies R
U.S. senators offer bill to prepare for the next pandemic R
A second round of stimulus checks could be coming. How to prepare C
Coronavirus stimulus: House passes changes to PPP small business loans C

Geopolitics & trade
Trump Says He’ll Announce China Moves in Friday News Conference B
China Votes to Override Hong Kong’s Autonomy on National Security W
China’s Cash Cow—How Hong Kong Bankrolls the Mainland W

Industries & companies
Autos: Musk gets first tranche of multimillion-dollar Tesla incentive payout C
Autos: GM Plans to Ramp Up Plants With Dealers Running Low on Pickups B
Energy: Coronavirus Outbreaks Threaten Oil Majors’ Biggest Projects W
FAANGs: Amazon to Keep Most of the Jobs It Added During Pandemic W
Logistics: UPS adds ‘peak’ surcharge amid coronavirus fueled delivery spike R
Retail: Costco (COST) Q3 2020 earnings C
Retail: Nordstrom (JWN) reports Q1 2020 net loss C
Retail: Dollar Tree CEO Gary Philbin on how long coronavirus demand can last C
Tech: Salesforce (CRM) earnings Q1 2021 C

Virus
The World Is Still Far From Herd Immunity for Coronavirus N
Antibody Tests and Accuracy Issues Leave Some Americans With More Questions Than Answers W
Extent of Covid-19 Deaths Failed to Be Captured by Most Countries W
FDA authorizes Quest’s coronavirus test with at-home sample collection C
Coronavirus live updates: San Francisco releases reopening timeline C
California hospitals struggle financially after preparing for COVID-19 surge that never came R
Despite Hype, There’s Little Evidence Remdesivir Works

Technology
Cisco acquires ThousandEyes to make deeper push into software C

Offbeat
Unrest erupts again after death of George Floyd, Minnesota governor activates National Guard C
Coronavirus fraud: Feds bust scheme to sell imaginary N95 masks C
As States Reopen, the Boss Wants to Know What You’re Up To This Weekend W

May 28 (Thursday)

YRI
Morning Briefing PDF 
Daily Markets

Markets I
Dow Climbs Above 25000 as Optimism Builds W
The Dow just punched above an important line in the sand that may signal that a record high is next MW
Dow futures point to modest gains after index pops back above 25,000 C

Markets II
The Stock Market and Consumer Sentiment Are Telling Different Stories W
Jim Cramer: Bull investors are ‘confused’ about the economic recovery C
Investors Pile Into Stocks That Win in a Full Economic Recovery B

Central banks
Fed’s Williams: Economy May Be Bottoming As Fed Weighs Yield-Curve Control W
U.S. businesses hammered by pandemic but see some green shoots, Fed says R

Global
World’s Biggest Lockdown to Push 12 Million into Extreme Poverty B

US
Reopening the economy only works if people return to work
‘Just Sitting in Limbo.’ For Many Professionals, Careers Are on Hold. N
As Coronavirus Lockdown Rules Ease, Some Want to Keep Working From Home W

Europe
European Union Plans $2 Trillion Coronavirus Response Effort W

Japan
Japan Bank’s Foray Into Risky U.S. Debt Leaves $3.7 Billion Hole W

China
China Forgets the Coronavirus. A Writer Explores Its Amnesia. N

US politics
Trump threatens to ‘regulate’ social media platforms. His options may be limited NN
Trump to sign executive order on social media on Thursday, White House says C
Twitter’s Labels for Trump Tweets Show Platforms’ Split Over Political Speech W

Geopolitics & trade
Revoking Hong Kong’s special status is Trump’s ‘nuclear option’ that could trigger irrevocable U.S.-China split, analysts warn MW
Pompeo declares Hong Kong no longer autonomous from China C
U.S. weighs options ‘across the spectrum’ to punish China over Hong Kong R
House sends China sanctions bill to Trump’s desk as tensions escalate C
U.S. Seizure of Chinese-Built Transformer Raises Specter of Closer Scrutiny W
USTR disagrees with U.S. court’s ruling allowing some solar panel imports R
Huawei CFO loses major battle in extradition fight C

Industries & companies
Aerospace: Boeing cutting more than 12,000 U.S. jobs, thousands more planned R
Aerospace: Boeing resumes production of beleaguered 737 Max C
Entertainment: Disney World to Reopen Gradually Starting July 11 W
FAANGs: HBO Max Is Left Out of Amazon’s, Roku’s Platforms at Launch W
Media: HBO Max launch: Here’s everything you need to know C
Pharma: FDA Finds Carcinogen in Some Versions of Diabetes Drug Metformin B
Retail: Tuesday Morning is about to close 130 stores. Here’s a map of where they are C

Virus
Covid Deaths Reach 100,000 in the U.S.
Over 80% of coronavirus patients on cruise ship had no symptoms, study says C
Fauci Warns About Hydroxychloroquine and In-Person Party Conventions W
‘Vaccine Nationalism’: A New Dynamic in the Race to Quash Coronavirus W
Quest Diagnostics hopes to nearly double coronavirus test capacity by end of June, CEO says C

Offbeat
SpaceX and NASA postpone historic astronaut launch due to bad weather C

May 27 (Wednesday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stock market today: Dow rallies 500 points as Wall Street cheers on the economy reopening, JPMorgan jumps C
Optimism Over Reopening Pushes Stocks Higher W
Oil Prices Rally on Hopes for Economic Recovery W
America’s Season for Peak Fuel Demand Starts Off With a Whimper B
Lumber Prices Rebound From Coronavirus Decline W

Central banks
Fed’s Bullard Sees Jobless Rate Returning Below 10% by Year-End B

US
U.S. Recession 2020: When Will the Economy Recover?
Dimon Sees Good Chance for a Rapid U.S. Economic Recovery B
U.S. Home-Price Growth Accelerated in March W
A staggering number of laid-off workers are receiving MORE money from unemployment benefits than when they were employed MW
Here are 3 reasons why millennials are being hit especially hard economically by the coronavirus C

US politics
Coronavirus stimulus: Mitch McConnell discusses Congress relief bill C
Coronavirus: DOJ investigates Burr stock sales, drops Loeffler, Feinstein probes C

Europe
Europe Is Subsidizing Millions of Paychecks. Companies Want to Keep It That Way, for Now. W

Geopolitics & trade
U.S. Weighs Santions on Chinese Officials, Firms Over Hong Kong B
U.S. Moves to Audit Chinese Firms. Market Frets Over What Comes Next. W

Virus I
Pandemic Lockdowns Loosen as U.S. Deaths Near 100,000 W
When Will NYC Reopen? Cuomo Speeds Up Penn Station, LGA Work B
Coronavirus: New Yorkers are ‘going to see pain in this new economy,’ Gov. Cuomo warns C
California to allow hair salons and barbershops to reopen in majority of state’s counties, Gov. Newsom says C
A Socially Distant Las Vegas? What Are the Odds? N

Virus II
Race Is On to Create Rapid Covid-19 Tests for the Fall W

Offbeat
Elon Musk’s SpaceX Readies First Astronaut Launch by Private Firm W
California Activists Ramp Up Fight Against Facial-Recognition Technology W