Dr. Ed's Blog

May 26 (Tuesday)

YRI
Morning Briefing PDF 
Daily Markets

Market
Dow futures jump more than 200 points on hopes of a coronavirus vaccine C
The Stock Market Just Had a Great Week. Why It’s Time to Worry. BR
Are stock investors too complacent about a full-scale blowup between China and the U.S.? Here’s what Wall Street experts say MW
How to Play the Boom in Convertible Securities BR

Emerging
China’s Plan to Make Permanent Health Tracking on Smartphones Stirs Concern W
Singapore cuts 2020 GDP outlook for third time as virus batters economy R

Geopolitics & trade
China firmly opposes latest U.S. sanctions against Chinese firms over Xinjiang R

Industries & companies
Airlines: As Passengers Disappeared, Airlines Filled Planes With Cargo N
FAANGs: Amazon shareholder meeting: Investors want worker safety disclosures C
Wireless: In $16 Billion Push to Expand Broadband, America Is Flying Through a Fog W

Virus I
WHO warns of ‘second peak’ in areas where coronavirus is declining C
Coronavirus Caution Urged as Americans Venture Out for Holiday Weekend W
For Economy, Worst of Coronavirus Shutdowns May Be Over W
NYSE’s Floor to Reopen With Masks, Coronavirus Waivers and Handshake Ban W
How Schools Will Be Reopening in the Fall W
What will movie theaters look like after coronavirus shutdowns? C

Virus II
Coronavirus: Trump threatens to move GOP convention over restrictions C
Coronavirus: WHO pauses trial of hydroxychloroquine amid safety concerns C
Trump says he’s no longer taking hydroxychloroquine C

Offbeat
The other crisis – Can covid help flatten the climate curve? E
Everyone you know uses Zoom. That wasn’t always the plan for founder Eric Yuan NN

May 23 (Saturday)

YRI
Morning Briefing PDF 
Daily Markets

Markets I
Stock market today: Stocks close little changed, but Dow posts biggest weekly gain since April C
Markets Get a Shot of Fed Adrenaline W
Stock-market traders brace for ‘dogfight’ as S&P 500 lingers below its 200-day moving average MW

Markets II
Calendar Reads 2020 But the Stock Market Has Moved On to 2021 B
Uppers and downers – A perky stock market v a glum economy E
How Do You Value Stocks When Earnings Plummet to Zero?

Credit & commodities
Corporate Bond Rally Picks Up Momentum W
Struggling Corporate Borrowers Raise Risks in Loan Funds W
Oil Price Disruption Eases as Physical Crude Demand Jumps W

Central banks
ECB Is Ready to Expand Stimulus Program, Minutes Show W

US
The Covid Surcharge: Companies Confront the Unforgiving Economics of Coronavirus W

US politics
Coronavirus stimulus: Trump wants to send out more relief money C

China
Dropping Growth Target, China Acknowledges Severity of Its Economic Challenges W

Geopolitics & trade
China to Allow State-Security Agents to Police Hong Kong W
China’s Move to Dismantle Hong Kong’s Autonomy Poses Dilemma for U.S. Policy W

Industries & companies
Autos: GM’s Plans to Increase Truck Production Delayed by Parts Shortage W
Industrials: Deere Lowers Sales, Profit Outlook on Coronavirus Impact W
Tech: IBM Announces First Job Cuts Under New Chief Executive W

Virus I
Coronavirus Case Counts in 50 States Indicate Vast Differences W
America Is Reopening for Summer, and Tensions Are High W
Trump Says Places of Worship Are Essential Services W
Coronavirus: Dr. Anthony Fauci says staying closed for too long could cause ‘irreparable damage’ C
South America a new COVID epicenter, Africa reaches 100,000 cases, WHO says R

Virus II
Defense secretary says coronavirus vaccine will be ready by end of year C
Exclusive: U.S. plans massive coronavirus vaccine testing effort to meet year-end deadline R
Moderna vaccine researcher: It’s ‘mind-boggling’ to be done in 2020 C
Coronavirus vaccine in China produces neutralizing antibodies in early-stage trial C
Hospitals Are Rationing Remdesivir W
U.S. veterans agency has given hydroxychloroquine to 1,300 coronavirus patients R
Drug touted by Trump to treat COVID-19 linked to higher death risk: study R

Corporate finance
Hertz Preparing Bankruptcy Filing as Soon as This Weekend W

Offbeat
We Need a Name for the Greatest Economic Crisis in a Century B
Americans’ vacation habits are changing as cabin fever sets in C
Elon Musk Speaks Frankly on Coronavirus, SpaceX, and Rage Tweets B

May 22 (Friday)

YRI
YRI Video Podcast: Gasoline demand rising, signaling economic recovery from lockdowns.
Morning Briefing PDF 
Daily Markets

Markets
Wall Street finishes down on U.S.-China tensions R
It’s ‘dangerous to ignore the market:’ Bank of America sees $1 trillion in cash to fuel stocks C

Central banks
Fed Chair Warns This Is a ‘Downturn Without Modern Precedent’ N
Fed’s Bostic: Banks should be preserving as much capital as possible R
Pandemic Poses Most Serious Threat to Fed’s Goals ‘In Our Lifetimes,’ Says Top Fed Official W

US
May unemployment was worse than expected, signaling another bad jobs report C
Americans use their $1,200 stimulus checks to splurge at Walmart, Target and Best Buy MW
Many Americans used part of their coronavirus stimulus check to trade stocks C
U.S. labor market struggles as layoffs spread despite businesses reopening R
Are businesses in danger of coronavirus lawsuits as they reopen? C
More dams will collapse as aging infrastructure can’t keep up with climate change C

Europe
As the Coronavirus Lockdown Eases, Italy Confronts an Epidemic of Poverty W

US politics
Coronavirus stimulus: McConnell says no extension of unemployment benefit C
SBA Under Spotlight as Frustrations With Small-Business Aid Programs Grow W
Mnuchin: Strong Likelihood We’ll Need Another Stimulus Package W

China
In China’s Coronavirus Crisis, Xi Sees a Chance to Strengthen His Rule N

Japan
Japan Further Lifts Coronavirus State of Emergency W

Geopolitics & trade I
U.S.-China Trade Deal Is Intact, Larry Kudlow Says W
U.S. sees progress with China over farm products under Phase 1 trade deal R
The U.S. ‘is now the most powerful empire’ but it is in ‘relative decline’ as Chinese power is rapidly rising’ MW
China Pushes for New Hong Kong Security Law N
Senators to Propose Bill Sanctioning Chinese Officials Over Hong Kong Security Law W

Geopolitics & trade II
Trump withdraws US from Open Skies surveillance treaty
U.S. Moving to Leave ‘Open Skies’ Treaty Designed to Reduce Conflict With Russia W
U.S. Plans New Arms Talks Aimed at Limiting Russian, Chinese and U.S. Nuclear Warheads W

Industries & companies
Energy: Oil exec: The US government shouldn’t bail us out (opinion) NN
FAANGs: Amazon Targets Fall for Prime Day as it Tries to Return to Pre-Pandemic Operations W
Financials: U.S. insurers propose taxpayer-funded business-loss coverage for future pandemics R
Pharma: Coronavirus Revives Debate Over Drug Pricing W
Retail: Coronavirus Widens the Retail Divide: Macy’s Sales Fall 45%, Best Buy Slips 6% W
Retail: Why Best Buy’s CEO thinks the appointment-only shopping strategy works C
Retail: The Mall of America hasn’t paid its mortgage in two months C
Tech: Nvidia data-center sales top $1 billion for first time, earnings beat expectations MW
Tech: Zoom Video: Why its stock rally may be running out of room C

Virus
Coronavirus live updates: As states reopen, a third see a rise in daily new cases C
Coronavirus Deaths Were Likely Missed in Michigan, Death Certificates Suggest W
U.S. secures 300 million doses of potential AstraZeneca COVID-19 vaccine R
U.S. to Invest $1.2 Billion to Secure Potential Coronavirus Vaccine From AstraZeneca, Oxford University W
Sweden is still nowhere near ‘herd immunity,’ even though it didn’t go into lockdown NN
Trump doesn’t wear coronavirus mask to Ford plant C
Op-Ed: US must manage coronavirus medical shortages without nationalism C

Offbeat
The Post-COVID-19 World Will Be Less Global and Less Urban
Facebook to Shift Permanently Toward More Remote Work After Coronavirus W
Coronavirus Lockdowns Spark Boom in Online Learning for Adults, Too W

May 21 (Thursday)

YRI
Morning Briefing PDF 
Daily Markets

Market
Stock market today: Dow jumps 300 points, Amazon and Facebook hit record highs C
U.S. Stocks Advance on Recovery Hopes W
The Day Coronavirus Nearly Broke the Financial Markets W

Credit
Behind Bond Market’s Stall, Investors See Hard Times Ahead W
New 20-year bond met with strong reception as U.S. moves to extend time to pay debt C
U.K. Government Sells Bonds at Negative Yield for First Time W

Central banks
Fed mulls firmer rate guidance, adding dates or goals, minutes show R

US
Nearly Half of U.S. Households Have Lost Income Since Lockdowns Started W
Coronavirus: Bidding wars in a pandemic? Housing is heating up fast C
What Unemployment Claims Tell Us About Coronavirus Job Losses W
Temperature screeners, Covid-19 testers. These jobs were created by pandemic C
Millions of Americans Skip Credit-Card and Car Payments W
Forbearance Programs: Many Americans Will Soon Hear From Banks B
U.S. Birthrates Fall to Record Low W

US politics
Coronavirus updates: Senators release job training legislation C
Biden campaign calls Hunter probe a smear aimed at saving Trump’s job during coronavirus C
New Trump Executive Order On Deregulation To Kickstart Job Creation And Economic Growth C

Industries & companies
Airlines: U.S. airlines step up safety measures in preparation for recovery R
FAANGs: AWS salesman pitch to oil and gas: ‘We actually consume your products’ C
Pharma: AstraZeneca made a bet on Moderna back in 2013. Here’s what it’s worth now MW
Retail: Target Gains Strength During Coronavirus W

Corporate finance
Hertz Lenders Brace for Losses From Formerly Triple-A Bonds W

Virus I
WHO reports most coronavirus cases in a day as cases approach five million R
New coronavirus cases across the world jump by the most in a single day, WHO says C
Coronavirus Live Updates: All 50 States Have Begun to Reopen NYT
Covid-19 Virus Mutation?: China’s New Cluster Raises Concern B
Superspreader Events Offer a Clue on Curbing Coronavirus W

Virus II
Coronavirus contact tracing could stop COVID-19 and reopen America. We have a plan for that. NBC
Coronavirus live updates: Apple, Google release contact tracing technology C
CDC’s Redfield in the hot seat as White House looks for someone to blame NN
Coronavirus: Investor Ricky Sandler pushes herd immunity after fund loses billions C

Offbeat
Music-Loving Parents Seek Relief From Kidz Bop and ‘Frozen’ W

May 20 (Wednesday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stocks Finish Lower After Late Drop W
Return of Car Traffic Fuels Surge in Oil W
European Borrowing Costs Drop on Proposed Coronavirus Fund W

Central banks
Powell says GDP could drop 30%, but he doesn’t see another Depression C
Fed’s Rosengren says U.S. unemployment rate could remain at double-digit levels by end of year R
Fed’s Barkin says officials still ‘riding blind’ in assessing reopening: interview R

US
CBO projects 38% drop in GDP, $2.1 trillion increase in the deficit C
California Task Force calls on Congress for $1 trillion in coronavirus aid C
Coronavirus bailout: Regulators ease restrictions on mortgage program C

US politics
Next Wave of Coronavirus Stimulus Payments Hinges on Debate Over Reopening Economy W
Mnuchin Says Treasury Ready to Provide More Money, Take More Risk in Fed Lending Programs W
Mnuchin: U.S. ‘fully prepared to take losses’ on coronavirus bailouts C
Trump says he will sign order to cut federal regulations R

Industries & companies
Casinos: Gamblers Drive Hours and Wait in Lines, as Casinos Reopen Amid Coronavirus W
Media: Disney+ Loses Its Architect as New Rivals Launch W
Pharma: Trump administration awards contract to make COVID-19 drugs in U.S. R
Real Estate: Commercial Real Estate’s Havens Suddenly Not So Safe W
Retail: Don’t Be Spooked by Walmart’s Rising Costs W
Retail: Home Depot Reports Higher Revenue Despite Coronavirus Impact W
Retail: Kohl’s CEO: This is ‘low point’ of 2020, as margins hit by coronavirus C

Virus I
All states will be partially reopened by Wednesday despite at least 17 seeing coronavirus case rates rise NN
CDC publishes flowcharts to help communities and businesses weighing whether to reopen NN
New York’s coronavirus outbreak is back to where it started, Gov. Andrew Cuomo says C

Virus II
Experts say Moderna didn’t produce data critical to assessing vaccine C
Children with COVID-19 may be less contagious than adults, two UK epidemiologists say R
Wearing a mask can significantly reduce coronavirus transmission: Study C
Elderly home turns to wearables for contact tracing, sidestepping Apple-Google limits R

Virus III
Hydroxychloroquine coronavirus: FDA appears to soften stance on drug after Trump says he takes it C
Trump told to wear coronavirus mask for Ford factory visit C
Trump defends his use of unproven treatment for coronavirus R

Corporate finance
SoftBank Plans to Seek Buyers for About $20 Billion of its T-Mobile Shares W

Offbeat
20 Ways Tech Can Keep Your Kids Engaged and Learning This Summer W
How coronavirus is causing mountains of food waste C
Can France Say Hello Without a Kiss on the Cheek? W
For our health and economic survival, we need to get outside P

May 19 (Tuesday)

YRI
YRI Video Podcast on April’s Retail Sales
Morning Briefing PDF 
Daily Markets

Markets
As more Americans emerge from lockdown, virus vaccine potential lifts markets R
The S&P 500 is up 3% over the past 12 months as the market’s resilience continues to mystify many C
The Oil Market Is Betting People Want Crude for Christmas W
Coronavirus Short-Selling Bans Are Lifted Across Europe W

Central banks
Powell is correct that the Fed is not out of ammunition ‘by a long shot’ C

US
Harvard’s Financial Crisis Experts: This Time Really is Different B
COVID-19 child care crisis: Who will watch kids when nation reopens? USA
Small businesses can apply for PPP loan forgiveness. Questions remain C
Mark Cuban on Why the Government Should Directly Hire Millions of People B
Mayor Svante Myrick sees ‘cataclysmic trouble’ if Cornell, Ithaca College do not reopen campuses C

China
Mark Zuckerberg warns about China’s ‘dangerous’ approach to internet C

Europe
German Auto Lenders Under Scrutiny as Crisis Erodes Car Values B

US politics
How Donald Trump wins the 2020 presidential election, in 3 sentences NN

Geopolitics & trade
China Pitches for Global Leadership Role in Coronavirus Fight W
Huawei Braces for Latest U.S. Hit, but Some Say Loopholes Remain W

Industries & companies
Airlines: The New Airline Travel: Fewer Flights, More Layovers, Rules for Bathrooms W
Autos: Tesla’s Production Restart Could Ease Path to Inclusion in S&P 500 Index W
Retail: Retailers are rushing to get online. But that brings new challenges C
Tech: Uber Cuts 3,000 More Jobs, Shuts 45 Offices in Coronavirus Crunch W

Virus I
Moderna reports positive data on coronavirus vaccine trial, shares surge C
Xi Vows China Will Share Vaccine and Gives WHO Full Backing B
Coronavirus live updates: Routine vaccinations fall off; a third of small businesses won’t reopen C

Virus II
Coronavirus infection isn’t just about hygiene and distance. It’s about time, too. NN
Summer weather and coronavirus: It may slow spread but won’t halt pandemic WP
Coronavirus ‘highly sensitive’ to high temperatures, but don’t bank on summer killing it off, studies say SCMP
Brazil, Now Fastest Growing Virus Hotspot, Is Only Getting Worse B

Corporate finance
SoftBank values WeWork at $2.9 billion, down from $47 billion a year ago C
Peet’s Coffee Owner Brews $2.2 Billion IPO W
SoftBank in Talks to Sell T-Mobile Shares to Deutsche Telekom W
JCPenney will close nearly 30% of its stores as part of its bankruptcy plan NN

Offbeat
President Trump Says He Is Taking Hydroxychloroquine as Preventive W
Hurricane Season List of Storms: Arthur Becomes First of 2020 B
Add the death of common sense to the coronavirus’s toll

May 18 (Monday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stock Futures Rise as Powell Says the Fed Is ‘Not Out of Ammunition’ BR
With Earnings ‘Out the Window,’ Investors Turn to Survival Metrics W

Central banks
Fed’s Jerome Powell Says Economy Faces Long, Uncertain Recovery W
How Long Before U.S. Economy Recovers: Fed’s Jerome Powell B
Powell says jobless rate could top 30%, but he doesn’t see another Depression C

US
After Devastating Economic Contraction, Glimmers of Growth Emerge W
Coronavirus News: NYC Mayor Bill De Blasio Hints at Layoffs B

US politics
House Narrowly Passes $3 Trillion Aid Package W
U.S. Expected to Revise Small-Business Aid Program W
PPP loans: Most companies face little risk of punishment, experts say C

Japan
Japan’s Economy Sinks Into a Recession Set to Deepen Sharply B

Geopolitics & trade
Globalisation unwound – Has covid-19 killed globalisation? E
Pandemic Shatters World Order, Sowing Anger and Mistrust in Wake B

Industries & companies
Autos: U.S. auto suppliers need at least $20 billion as plants reopen C
FAANGs: Apple, Google Start to Win Over Europe to Their Virus-Tracking Technology W
FAANGs: Google Hides News, Tricked by Fake Claims W
Wireless: 5G Networks Have Become a New Front in U.S-China Trade War BR
Wireless: 5G Service From Verizon, AT&T, and T-Mobile Is Here. The Networks Look Very Different. BR

Virus I
How Close Are We to a Coronavirus Vaccine? Inside the Race to Stop Covid-19. BR
Coronavirus Vaccine Front-Runners Emerge, Rollouts Weighed W
AstraZeneca Aims for 30 Million U.K. Vaccine Doses by September B

Virus II
As West Cautiously Reopens, New Coronavirus Infection Clusters Emerge in Asia W
The CDC ‘let the country down’ with coronavirus testing, Navarro says C
Europe Has a Plan to Restart Air Travel. You May Not Like It. BR

Corporate finance
Bankrupted JC Penney plans to spin properties into new real estate company C
Behind Royal Caribbean’s Lifeline, a Shrewd Bond Market Maneuver B

Offbeat
Your turn – For hours of escape, invent a board game E

May 16 (Saturday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Few Investors See the S&P 500’s Next Chapter Being a Happy One B
‘Overhedging’ Oil Prices Lands Some Coronavirus-Battered Global Airlines in Further Trouble W
Treasury Yields Rise on Consumer Sentiment Data W

US I
GDP could decline by 42% in the second quarter, according to the Atlanta Fed C
Coronavirus pummels U.S. retail sales, industrial production R
Industrial Production in U.S. Fell 11.2% in April W
Mortgage rates just hit another record low C
Who’s on the Hook for Skipped Mortgage Payments? W
U.S. companies discover the dark side of a COVID-19 business boom R

US II
U.S. Unemployment Benefits: Millions Still Waiting for State Help B
Coronavirus boosts U.S. layoffs; job openings fall R
Coronavirus Employment Shock Hits Women Harder Than Men W
How the Coronavirus is Killing the Middle Class
Gov. Ned Lamont: People could move from New York City to Connecticut C
Coronavirus to Slow U.S. Meat Production for Months, CEO Says W

China
Chinese Economy’s Recovery From Coronavirus Starts Off Slowly W

Europe
Brexit Talks Go Nowhere, Adding New European Economic Headache W

US politics
House aims to pass a $3 trillion coronavirus relief package Friday C
Biden campaign sees larger ‘battleground’ in race against Trump R

Geopolitics & trade
Virus Revives Worst-Case Scenarios for U.S.-China Relationship B
Special Report: Caught in Trump-China feud, WHO leader under siege R
U.S. Moves to Cut Off Chip Supplies to Huawei W
Cramer says this is not the time to start a trade war with China C

Industries & companies
Airlines: Exclusive: United Airlines only needs 3,000 of 25,000 flight attendants in June – sources R
Autos: Coronavirus Bolsters Car Ownership as Consumers Rethink Shared Rides W
FAANGs: Google Erases Thousands of Links, Tricked by Phony Complaints W
FAANGs: Apple Supplier Foxconn, Hit By Coronavirus, Posts 90% Profit Drop W
Financials: How French Banks Lost Big in the Complex World of Structured Finance W
Media: Vice Media CEO slams Big Tech as ‘great threat to journalism’ C
Retail: This breakdown of retail sales data shows why Amazon is leading the stock market C
Retail: Terrible retail sales report shows acceleration in fates of merchants C

Virus I
States Are Reopening With No Clear Picture of U.S. Coronavirus Cases W
NYC Coronavirus Lockdown Extended 2 Weeks to May 28, 2020 B
U.S. Deaths Are Up Sharply, Though Covid-19’s Precise Toll Is Murky W

Virus II
Coronavirus vaccine: Trump downplays need, says disease will ‘go away’ C
Coronavirus: WHO raises alert on mysterious inflammatory disease in children C
How genetic, antibody and antigen Covid-19 tests work C
Inside Boris Johnson’s Tangle With Covid-19 W

Corporate finance
JC Penney makes $17 million interest payment as it explores bankruptcy C
Facebook Buys Giphy, Will Make It Part of Instagram Operations W
SoftBank’s Big Bets Are Hit Hard by Coronavirus W

Offbeat
Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era MW
Corporate America’s Most Underrated Innovation Strategy: 3M’s 15% Rule W
Doctors Are Tweeting About Coronavirus to Make Facts Go Viral W
Coronavirus live updates: Dog-like robot on social-distancing patrol C
The Perfect Prank for These Times: Ding-Dong Ditch is Back W

May 15 (Friday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Dow Swings Sharply as Jobless Claims Remain Elevated W
Why Big Investors Aren’t Betting It All on a Coronavirus Cure W
Traders Get First Glimpse of What a 20-Year Treasury Might Yield B

Central banks
Fed’s Kashkari: U.S. Congress needs to put ‘money in pockets’ R
Kuroda Hints Cutting Rates May Now Rank Lower in BOJ Toolkit B

US
U.S. import prices post largest drop in over five years R
Nearly Three Million Sought Jobless Benefits Last Week W
Dismal jobs report offered sign that some people are returning to work C
Nearly 40% of the poorest households hit with a job loss during pandemic, Fed study shows C
Unemployment Insurance system is failing in America, here’s why. C
$7 billion bailout not enough to stabilize the U.S. child care system C
Firms that took a PPP loan under $2 million are about to get a break C

China
China’s ‘OK Boomer’: Generations Clash Over the Nation’s Future N

US politics
States Were Prudent; Here’s Why They Need a Bailout Anyway W
Sen. Burr to Step Aside as Intelligence Panel Chair During Stock-Trade Probe W

Geopolitics & trade
Trump Says He Doesn’t Want to Talk to Xi as China Tensions Rise B
Trump May Push for Chinese Companies to Follow U.S. Accounting Rules for Stock Listings W
Taiwan Company to Build Advanced Semiconductor Factory in Arizona W

Industries & companies
Aerospace: Boeing CEO tries to smooth over tensions with airline chiefs after saying a US carrier may go bust C
Aerospace: Coronavirus news: Delta to retire Boeing 777s, seeks to burn zero cash by end of 2020 C
Autos: Tesla factory inspected by police, authorities approve gradual reopen C
Autos: Exclusive: Tesla’s secret batteries aim to rework the math for electric cars and the grid R
Autos: Ford Tries to Soothe Weary Shareholders W
Energy: Oil Demand Mounts Comeback as Coronavirus Restrictions Ease W
FAANGs: Apple AR glasses launch: 2022 at earliest, top analyst says C
Financials: Insurance Firms Plan to Fight Federal Pandemic Liability Proposal W
Financials: Banks’ Currency-Trading Revenue Surges to Highest in a Decade B
Restaurants: Restaurants weigh reopening and review safety precautions NN
Restaurants: Starbucks asks for a break on rent for the next year C
Restaurants: McDonald’s Sets Conditions for Restaurant Reopenings W
Retail: Coronavirus Finishes the Retail Reckoning That Amazon Started W
Transportation: FedEx, Strained by Coronavirus, Caps How Much Retailers Can Ship From Stores W

Virus I
Ending Coronavirus Lockdowns Without a How-To Guide W
Trump’s rebuke of Fauci encapsulates rejection of science in virus fight NN
HHS Vaccine Expert Details Complaint in House Testimony W
The First Shot: Inside the Covid Vaccine Fast Track Wired
Convalescent Plasma Is Safe to Treat Covid-19, National Study Shows W

Virus II
Coronavirus live updates: Trump aims to stockpile 300 million N95 masks C
Trump Administration Details Plans to Overhaul Strategic National Stockpile W
How 400,000 Masks Were Shipped From China to a U.S. Nursing Home W
New York Sent Recovering Coronavirus Patients to Nursing Homes: ‘It Was a Fatal Error’ W

Offbeat
Ray Dalio on coronavirus effect on economy, society C
Don’t Stand So Close to Me: AI Cameras Police Social Distancing at Work W
U.S. faces ‘darkest winter’ if pandemic planning falters: whistleblower R

May 14 (Thursday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Dow drops 550 points after Powell warns of ‘downside risks’ C
The Stock Market Is Crazy Expensive—And That’s OK W

Central banks
Powell’s gloomy outlook has investors predicting another big Fed move C
In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support R
Powell Pushes Back Against Possibility of Negative Fed Rates B
ECB Signals Euro-Area Slump Has Hit Bottom, Recovery Uncertain B

Global
Amid pandemic, world economy projected to shrink 3.2% in 2020: U.N. R

Emerging
India Sets Big Aid Package to Counter Economic Downturn W

US
U.S. producer prices record largest drop since 2009 as coronavirus suppresses demand R
Companies’ Next Coronavirus Challenge: Getting Cash-Strapped Shoppers to Spend W
Companies Start Reaping Billions in Tax Breaks to Ride Out Economic Slump W
Grocery prices are soaring. Here’s what’s getting more expensive NN

US politics
Democrats’ Aid Bill Has Seeds for Eventual GOP Deal B
Republicans Float Ideas on Jobless Benefits, State Aid for Coronavirus Response W

Geopolitics & trade
Trump on China: ‘100 Trade Deals’ wouldn’t make up for coronavirus C
U.S. Says Chinese, Iranian Hackers Seek to Steal Coronavirus Research W
Maternity ward massacre shakes Afghanistan and its peace process R

Industries & companies
Airlines: Airlines are having trouble enforcing their face mask policies NN
FAANGs: Amazon to end wage increases and double overtime pay in June C
Financials: What’s Good for Investment Banks Isn’t Necessarily Good for Investment Bankers W
Hotels: Hosting Coronavirus Workers Prepares Hotels for Industry’s Future W
Retail: Shoppers shift from stockpiling to penny pinching at the grocery store C
Tech: Coronavirus making grocery delivery services like Instacart popular C
Tech: America Is Stuck at Home, but Food-Delivery Companies Still Struggle to Profit W

Virus I
Coronavirus: WHO officials warn of ‘vicious cycle’ of economic and health disasters if restrictions are lifted too quickly C
Coronavirus: Ousted HHS vaccine official warns Congress of ‘darkest winter in modern history’ C
Coronavirus experts can be wrong. We can safely reopen: Rep. Jody Hice
House Panel to Hear Coronavirus-Testing Strategies to Reopen U.S. W
Yellowstone, Grand Teton Parks to Begin Reopening Monday W
Canada, U.S. are likely to extend travel restrictions until June 21: sources R

Virus II
China’s Wuhan Revs Up Testing Amid Second-Wave Coronavirus Fears W
Coronavirus live updates: Europe braces for summer ‘like no other’ C
California AG says he’s ‘ready to enforce’ violations of state order C
New Jersey Moves Toward Reopening After 60% Drop in Revenue B
Why an added month of lockdown will devastate New York small businesses P
Connecticut Governor Says Days of Commuting to NYC May Be Over B

Virus III
Coronavirus: Here are the top drugs and vaccines in development C
Gilead’s Remdesivir Tested With Other Drugs to Fight Covid-19 W
Can You Get Covid-19 Twice?  W
Covid-19 symptoms include blood clots, organ failure NN

Offbeat
Cryptocurrency Market Is Becoming Even More Concentrated B
Coronavirus Propels Nextdoor.com Beyond Lost Pets and Peeved Neighbors W