Dr. Ed's Blog

Oct 26 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
People Fear a Market Crash More Than They Have in Years | N
After a Down Decade, Emerging Market Stocks Are Looking Up | B
What a Blue Wave Could Mean for the Bond Market | B
Dividend Darlings Trail Stock Market Despite Pumped-Up Yields | W

Central banks
Threats to U.S. Treasury market liquidity still exist, Fed says | R

US
Why You Might Have Trouble Getting the Refrigerator, Can of Paint or Car You Want | W
A Global Rebound Could Be Determined by How Freely Households Spend | W

US politics
Florida, Georgia, North Carolina Up for Grabs: Campaign Update | B
Joe Biden: Climate change is ‘number one issue facing humanity’ | C
Lisa Murkowski says she will vote to confirm Amy Coney Barrett to Supreme Court | C
The Fed’s Lael Brainard could lead Treasury if Biden wins | NN

Geopolitics & trade
A good chance we can get a deal with EU, says UK minister Lewis | R
U.S. Has Authority to Ban TikTok, Government Lawyers Say | W
Chaguan – China’s half-loving, half-threatening pitch to Taiwan doesn’t work | China | E

Industries & companies
Consumer: How Coke Is Shaking Things Up — and Why Its Stock Is a Buy | B
Communication services: Facebook Prepares Measures for Possible Election Unrest | W
Media: Big media companies reorganize for world of 50 million TV subscribers | C
Pharma: How a digital breakthrough could revolutionize drug industry | C
Pharma: To Find a Coronavirus Vaccine, GlaxoSmithKline Is Bonding With Its Biggest Competitors | W
Retail: Retail Stocks Are Hot Heading Into the Holiday Season | W
Tech: Microsoft and tech competition – Is tech getting more competitive? | Leaders | E
Tech: Chromebook shipment growth accelerates during coronavirus pandemic | C

Virus I
U.S. sees highest number of new COVID-19 cases in past two days | R
European Countries Impose New Covid-19 Restrictions Amid Rising Infections | W
Spain announces new state of emergency as COVID infections soar | R
Controlling the pandemic – Should covid be left to spread among the young and healthy? | Science & technology | E

Virus II
Masks Are Critical In Fighting Covid-19. They Need Federal Research Dollars. | B
Will masks become the ‘new normal’ even after the pandemic has passed? Some Americans say so | C
‘Toxic’: CDC staffers say morale inside the public health agency has plummeted during the pandemic | C
Mike Pence coronavirus: Four aides test positive for Covid-19 | C

Corporate finance
Dunkin’ Brands Says It’s in Talks to Be Acquired by Inspire | B

Offbeat
The generation game – Wall Street will soon have to take millennial investors seriously | Finance & economics | E
Who controls the conversation – How to deal with free speech on social media | Leaders | E

Oct 24 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow closes slightly lower, snaps 3-week winning streak | C
Stocks Typically Climb, Regardless of Who’s in the White House | W
Oil Industry Bristles at Biden’s Pledge to Transition Away From Crude | W

Central banks
Fed Gauge Shows 39 States Saw Economies Strengthen in September | B

Global
U.S. Economic Activity Picks Up While Europe’s Stalls | W

US
Officials Call for Quick Stimulus Deal to Forestall Lackluster U.S. Economic Recovery | W

US politics
White House’s Kudlow Says ‘Ball’s Not Moving Much’ on Stimulus | B
Presidential Debate TV Ratings: Trump-Biden Finale Gets 55 Million Viewers | B
Biden’s Debate Remarks Inject Energy Issues Into 2020 Race | W
Joe Biden lays out a detailed plan to fight coronavirus
Hunter Biden’s Ex-Business Partner Alleges Father Knew About Venture | W
It’s a Ballot Fight for Survival for Gig Companies Like Uber | N

Geopolitics & trade
The U.S. vs. China: The High Cost of the Technology Cold War | W
China’s purchases of U.S. farm goods at 71% of target under trade deal: U.S. | R
Huawei Shows Signs of Strain From U.S. Pressure on Chips | W
Israel, Sudan Agree to Normalize Ties in U.S.-Brokered Deal | W
Trump Administration Races to Meet Border-Wall Goal | W

Industries & companies
Airlines: Coronavirus travel: Airlines cut service to small airports | C
Autos: Recovering Vehicle Production Lifts Demand at Car Suppliers | W
Autos: Tesla recalls Model S/X cars in China over faulty suspension | C
Consumer discretionary: Amazon says ‘technical issue’ removed Apple Card as payment option | C
Manufacturing: Business is booming for plastic companies as demand for plexiglass surges | C
Pharma: Why Merck Is Playing Catch-Up in the Coronavirus Vaccine Chase | W
Retail: American Express Sees Higher Consumer Retail Spending | W
Tech: Intel stock slumps after weak data center results, chip delay | C

Virus
U.S. faces half a million COVID-19 deaths by end-February, study finds | R
Covid: U.S. reports more than 71,600 new cases as hospitalizations rise | C
AstraZeneca resumes U.S. Covid-19 vaccine trial and Johnson & Johnson prepares to do same | C
Coronavirus: 9,000-plus long-term care facilities opt into CVS, Walgreens vaccine deal | C

Oct 23 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Close Higher as Investors Eye Stimulus Talks | W
Covid Crisis Strengthens U.S. Dollar’s Role in Global Economy | B
Why Goldman Sachs sees a 2021 bull market brewing for commodities | MW
Bond Insurance Returns to the Muni Market in a Big Way | W

Emerging
IMF concerned over post-COVID social unrest across Latin America, official says | R

US I
U.S. Jobless Claims Fell to 787,000 Last Week | W
U.S. business borrowing for equipment falls 13% in September: ELFA | R
U.S. Home Sales Rise to New 14-Year High, Offering a Boost to Economy | W

US II
Redfin CEO: ‘Absolutely insane’ demand for housing will last into 2021
Iowa Never Locked Down. Its Economy Is Struggling Anyway. | N
Permanently remote workers seen doubling in 2021 due to pandemic productivity: survey | R

US politics
Coronavirus stimulus update: Pelosi signals relief bill could be far off | C
Amy Coney Barrett’s Supreme Court Nomination Advanced by Senate Committee | W

China
In Xi Jinping’s China, Nationalism Takes a Dark Turn | W

Geopolitics & trade
Trump’s America First Policies Have Not Stopped Factories From Offshoring | B

Industries & companies
Consumer: Kimberly-Clark (KMB) Sales of Toilet Paper for Offices Plunges on Remote Work | B
Financials: Goldman Pays Billions—And Takes Millions From Top Execs—To End 1MDB Scandal | W
Retail: Gap to Close 30% of Stores as It Reduces Mall Footprint: Live Updates | N
Retail: Walmart Files Pre-emptive Lawsuit Against Federal Government in Opioid Case | W
Retail: Barbie Sales Take Off as Parents Try to Cut Down on Screen Time | W
Tech: Intel (INTC) earnings Q3 2020 | C

Virus
Coronavirus second wave: Europe is affected differently, here’s why | C
Remdesivir: Coronavirus treatment from Gilead approved by FDA | C
Palantir to Help U.S. Track Covid-19 Vaccines | W

Corporate finance & antitrust
Opinion | Google, You Can’t Buy Your Way Out of This | N

Oct 22 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Decline as Stimulus Talks Continue | W
Treasury Yields Touch Multi-Month Highs | W
The bond market is starting to wake up with interest rates headed higher | C

Central banks
The Fed’s $4 Trillion Lifeline Never Materialized. Here’s Why. | N
Fed’s Bullard says U.S. can wait on fiscal aid, businesses adapting | R
Fed’s Brainard Says More Spending Needed to Avoid Recovery Imbalance | W
U.S. Economy Seeing ‘Slight to Modest’ Growth This Fall, Fed’s Beige Book Says | W

Global
Analysis: China and U.S. economies diverge over coronavirus response | R

US politics
Coronavirus stimulus update: Pelosi, Mnuchin to continue relief talks | C
With no new stimulus deal, much of America’s temporary financial safety net is set to expire Dec. 31 | MW
Obama rips into Trump’s record in 2020 campaign trail debut | R
Iran trying to meddle in U.S. election, Russia obtained voter info | C
Giuliani Claims ‘Borat’ Fabrication Ahead of Film’s Release | B

Industries & companies
Aerospace: Boeing Discussing New Plane as It Starts to Emerge From 737 MAX Crisis | W
Airlines: Op-Ed: Airlines don’t deserve another bailout | LA Times
Autos: Tesla (TSLA) earnings Q3 2020 | C
Pharma: AstraZeneca shares down after death reported in Brazil Covid vaccine study | C
Pharma: Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes | W
Restaurants: Chipotle Mexican Grill (CMG) Q3 2020 earnings top estimates | C
Theme parks: California theme parks could seek legal action to speed up reopening | C
Tech: Future of Tech: Gaming Predicted to Become Next Dominant Technology Platform | W

Virus
Coronavirus update: CDC says nearly 300,000 excess American deaths have occurred during pandemic | MW
Coronavirus: CDC says U.S. is seeing ‘distressing trend’ in outbreak | C
Hospitals Across the U.S. Are Crammed With Covid-19 Patients | B
Covid-19 Live Updates: As Schools Across the U.S. Move to Reopen Doors, Boston Does an About-Face | N
CDC Considers Shorter Covid-19 Quarantines for Children | W
Dr. Zeke Emanuel says this is what it will take to fully reopen the U.S. | MW

Corporate finance & antitrust
Ant Group’s Giant IPOs Set to Launch After Regulators Clear the Way | W
Leveraged Buyouts Come Roaring Back After Coronavirus-Related Lull | W
The Businesses Where Google Is Biggest (and the Ones Where It Isn’t) | W
Europe’s Antitrust Push Against Google Hasn’t Dented Its Heft. Can the U.S.? | W

Oct 21 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow closes more than 100 points higher as Pelosi says she is ‘optimistic’ about possible aid deal | C
‘Trump stocks’ have significantly lagged the U.S. market since 2016 — while ‘Clinton stocks’ have soared | MW
China Is Experiencing a Boom in Share Sales | W

Central banks
Fed’s Evans sees less economic drag from new COVID-19 wave | R
Fed’s Quarles Says Market Turmoil Triggered by Covid-19 Revealed Fragile Nonbank System | W
Analysis: Betting on further U.S. yield curve steepening? Not so fast! | R
ECB’s Lagarde Says Virus Resurgence Is a Clear Risk to Economy | B

US
Many Workers Gave Up Looking for Jobs Across the U.S. in September | W

US politics
White House Ups Stimulus Offer, Pelosi Hopeful on Deal This Week | B
Coronavirus stimulus update: Pelosi, Mnuchin make progress, but differences remain | C

Geopolitics & trade
U.S., Russia Near Deal to Extend Nuclear Treaty and Freeze Warheads for a Year | W
US Says It Has Evidence of Forced Labor in Chinese Sweetener | B

Industries & companies
Autos: Ford unveils new self-driving test vehicle for 2022 launch | C
Financials: U.S. Banking Regulator Backs New Liquidity Requirements | W
Financials: Travelers Is Ready for Post-Pandemic Journey | W
Financials: Goldman Sachs to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges | W
Media: Netflix Subscriber Growth Slows Amid Heightened Competition | W
Social media: Snapchat Nears 250 Million Daily Users as Advertisers Lift Spending on Platform | W
Tech: Microsoft Teams With Elon Musk’s SpaceX to Push Cloud Battle With Amazon Into Orbit | W
Tech: IBM Hopes to Double Sales at Red Hat in Next Three Years | W

Google antitrust
U.S. Accuses Google of Illegally Protecting Monopoly | N
Apple, Google Worked as ‘One Company’ on Search Deal, U.S. Says | B
Analysis: What monopoly case? DOJ lawsuit unlikely to knock Google from pole position | R
It’s Google’s World. We Just Live in It. | N

Virus
The Strange Advent of Lockdown Denialism | AIER
California sets strict guidelines for reopening large theme parks | C
Volunteers to Be Infected With Coronavirus in Vaccine-Effectiveness Trials in U.K. | W

Corporate finance
Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion | W
JCPenney CEO says company expects to exit Chapter 11 ahead of holidays | C
Ant Group Nears Giant IPO After Green Light From Hong Kong’s Exchange | W

Oct 20 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Fall on Stimulus Worries | W
Wall Street closes lower as stimulus deadline nears without deal | R
Bulls are back in the Nasdaq and options are aflutter | R

Central banks
The FOMC and Fed governors have become less important as decision-making revolves around Chairman Powell | MW
Top Fed Official Says Policy Response Could Speed Faster Recovery | W
Fed’s Harker: Tolerating higher inflation ‘worth it’ to help achieve employment goals | R
Fed’s Bostic Warns More Permanent Layoffs Pose Risk to Recovery | B
Fed’s Bostic says significant portions of U.S. recovery are weak or nonexistent | R
Fed Takes Cautious Approach to Possibly Issuing Digital Currency | W

US
Household Access to Banks Improved But Could Be Driven Lower by Covid-19, FDIC Says | W

US politics I
Coronavirus stimulus: Pelosi and Mnuchin discuss relief bill | C
These charts show how CARES Act savings are running out for unemployed Americans | C

US politics II
Election 2020: The Paths to Victory for Trump and Biden | W
Voters Tend to Trust Trump on the Economy. Yet He’s Behind. Why? | W
Election 2020: Goldman Sachs says Democratic sweep would lead to more stimulus | C
Here’s what the tax rate could be for high earners under Biden’s plan | C
Weakened U.S. consumer watchdog expected to bite back if Biden wins election | R
Trump vs Biden on Medicare: How each wants to change it | C

Europe
As Covid-19 Roars Back in Europe, Governments Get Tougher on Rule Breakers | W

China
With Covid-19 Under Control, China’s Economy Surges Ahead | N
China Acceleration May Not Rescue World From Coronavirus Slowdown | W

Geopolitics & trade
Iran celebrates UN arms embargo lift, will likely pursue arms upgrades | C

Industries & companies
Autos: Auto Makers Grapple With Battery-Fire Risks in Electric Vehicles | W
Tech: IBM earnings Q3 2020 | C
Tech: AT&T Chief Says Tech Giants Hold Too Much Power Over Streaming | W

Virus
Coronavirus restrictions reinstated in Wisconsin as New Mexico sounds the alarm | R
In NYC Schools, Only 18 Positive Coronavirus Tests Out of 10,676 | N
COVID vaccine is the only way to achieve herd immunity on this disease | USA
Opinion | What Fans of ‘Herd Immunity’ Don’t Tell You | N
How the media is misreporting COVID-19’s death toll in America | P

Cybersecurity
U.S., Britain call out Russian hacking spree, cyberattacks against Olympics | C

Corporate finance
ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion | W
The oil industry is in crisis. ConocoPhillips is doubling down | N
Alibaba Takes on Walmart in China With $3.6 Billion Investment in Hypermarket Chain | W
Brookfield to Invest $2 Billion in Biggest Indian Property Deal | B
Intel Nears Deal to Sell NAND Memory Unit to SK Hynix | W

Offbeat
NYSE Prepares to Leave New Jersey With Trade Tax Threatened | B
Technical Glitch Disrupts Trading on Major European Exchanges | W
Why Social Media Is So Good at Polarizing Us | W

Oct 19 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Money Managers Like the Outlook for Stocks | BR
More volatility is likely ahead as rising cases, lack of stimulus overshadow strong earnings | C
How U.S. Election Scenarios Could Play Out for Oil | BR
Solar ETF soars as Biden leads in election polls | C
China’s Stock Market Rally May Have Legs | BR

Central banks
Opinion | The Money Men Could Save Us. But They’re Stuck in the Seventies. | N

Global
From acute to chronic – The IMF predicts that the world economy will suffer from “long covid” | Finance & economics | E

US
Coronavirus Tanked the Economy. Then Credit Scores Went Up. | W
With Fewer Covid-19 Restrictions, South’s Economy Outperforms Nation | W
Why freelancers fear a Biden presidency may put them out of work | C

US politics
Senate to vote on $500 billion GOP coronavirus stimulus bill Wednesday | C
Coronavirus stimulus update: Pelosi sets 48-hour deadline to reach deal before election | C
Tax Increase for Corporations Looks More Likely as Election Nears | W
Who’s who in Biden’s economic world | MW
How the American economy did under Donald Trump | United States | E
Comparing Trump and Biden’s economies — who had more successful strategies? | FO
Trump and Biden are using campaign apps to gather mounds of voter data | C

Geopolitics & trade
China Warns U.S. It May Detain Americans in Response to Prosecutions of Chinese Scholars | W
U.S. threatens sanctions after U.N. arms embargo against Iran expires
U.S. to Offer Loans to Lure Developing Countries Away From Chinese Telecom Gear | W
Red capitalism – Why Chinese firms still flock to American stock exchanges | Business | E

Industries & companies
Communication services: New 5G iPhones Kick Off Poaching Season for Carriers | W
Financials: Why It’s Tough to Be a Big Bank These Days | BR
Retail: Coronavirus Pandemic Putting Damper on Holiday Shopping Season | W
Shipping: Holiday Crunch Starts Early With More Packages Than Means to Deliver Them | W
Tech: Tech’s Influence Over Markets Eclipses Dot-Com Bubble Peak | W
Tech: A Veteran Analyst on Why the Biggest Techs Will Get Bigger | BR
Tech: The iPhone gets up to snuff – Rather later than rivals, Apple unveils a first 5G-enabled phone | Business | E

Virus
U.S. may face ‘substantial third wave’ of coronavirus cases, experts warn | C

Corporate finance
The future of SoftBank – What SoftBank’s Masa does next | Business | E
Big Banks’ Earnings Indicate More M&A on the Way | BR
What Nikola, Hyliion, and 6 Other EV SPACs Are Worth | BR

Offbeat
Coronavirus Threatens to Push the Child-Care Industry Over the Edge | W
Xinjiang and the world – The persecution of the Uyghurs is a crime against humanity | Leaders | E
No vaccine for cruelty – The pandemic has eroded democracy and respect for human rights | International | E

Oct 17 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Dow closes 100 points higher, snaps 3-day losing streak on strong retail sales data | C
S&P 500, Dow close higher on vaccine update, retail sales beat | R
Bond Markets Brace for ‘Blue Wave’ That’s Soothing Stock Traders | B
Slowdown in Corporate Bond Issuance Could Boost Investment-Grade Debt | W
Individual-Investing Boom Fuels Trading in Low-Price Stocks | W
ESG Funds Are Under Scrutiny. Here’s Why | W

Central banks
Who’s Afraid of Rules-Based Monetary Policy? by John B. Taylor | PS

US
Strong retail sales boost optimism before U.S. election, but it may be short lived | R
Trump touts V-shaped economic recovery, while Biden sees it K-shaped | C
U.S. Industrial Production Fell 0.6% in September | W
Goldman Warns of More Job Losses With Jumbo Mergers on the Rise | B
US Deficit 2020: Federal Debt, Budget Shortage Hits Record $3.1 Trillion | B

US politics
Republicans file election complaint against Twitter over Hunter Biden articles | C
Trump says: ‘I’m ready to sign a big, beautiful stimulus’ — but many Americans are not banking on it | MW
Treasury Department Encouraged Banks to Prioritize Existing Customers for PPP Loans, House Panel Says | W
Obama to hit the campaign trail for Joe Biden next week | C

Geopolitics & trade
U.S.’s China Hawks Drive Hard-Line Policies After Trump Turns on Beijing | W
U.S. blocked Chinese purchase of fertility clinic over medical data security concerns | C

Industries & companies
Airlines: Airlines Plan for Prolonged Coronavirus Travel Drought | W
Aerospace: Boeing Shares Rise on 737 MAX Optimism | W
Consumer discretionary: Amazon’s Prime Day Accelerates Shift to Online Shopping | W
Communication services: Twitter and Facebook Contend With Concerns Over Election Interference, Censorship | W
Tech: The best iPhone 12 charger to buy for fastest charging speeds | C

Virus
Pfizer Could Apply for Emergency Use of Covid-19 Vaccine by Late November | W
Doctors and scientists take aim at herd immunity, calling it ‘nonsense’ and a ‘nebulous’ idea | MW
How a Pioneering Covid Testing Lab Helped Keep Northeast Colleges Open | W
A rare Covid-19 complication was reported in children. Now, it’s showing up in adults. | C

Corporate finance
Regulatory Holdups Slow Ant Group’s IPO Plans | W

Offbeat
String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them | W

Oct 16 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Stocks close lower for a third day amid concern over U.S. stimulus, Europe coronavirus spike | C
The stock market’s strength tells us less about the true state of the economy than at almost any other time over the last five decades | MW
Firms Like Dow Bet Billions on Plastics. Now There’s a Glut. | W
China Raises $6 Billion in Dollar-Bond Sale | W

Central banks
Fed Official Wonders Whether Treasury Market Can Handle Massive Issuance Alone | W
Fed’s Quarles sees need for more reforms to short-term funding markets | C
Fed’s Barkin says hiring could recover slowly as companies streamline | R
Coronavirus: ECB’s Lagarde says further economic stimulus on standby | C

Global
Pandemic Response Will Drive Up Global Public Debt to a Record, IMF Says | W
IMF’s Georgieva says U.S., China need to keep up coronavirus stimulus | R
Don’t Overestimate the COVID-19 Recovery by Eswar Prasad | Project Syndicate

US
U.S. Jobless Claims Rose to 898,000 Last Week | W
Persistently high U.S. weekly jobless claims point to labor market scarring | R
Millions of Jobs Have Been Lost, but Hiring Is Booming at These Companies | W
US Mortgage Rates Fall to 2.81% Hitting Record Low for 10th Time This Year | B

US politics I
White House Agrees to Democrats’ National Coronavirus-Testing Strategy | W
Coronavirus stimulus update: Mnuchin cedes on testing, Trump ups offer | C
Trump calls for big COVID-19 stimulus but McConnell disagrees | R

US politics II
Joe Biden says Trump lies will continue after Hunter Biden articles | C
2020 election polls: Biden holds large lead over Trump nationally, states show closer race | C
Election 2020: Democrats crush Republicans in fundraising | C
House lawmakers to propose emergency 3% Social Security COLA | C

Europe
Europe’s Covid-19 Lockdowns Hit Region’s Stocks, Fuel-Demand Outlook | W

China
China’s Rebound Helps Lift Japanese Businesses | W

Industries & companies
Consumer discretionary: Amazon announces Prime Day 2020 results | C
Communication services Facebook Has Made Lots of New Rules This Year. It Doesn’t Always Enforce Them. | W
Communication services: Why Facebook Can’t Fix Itself | The New Yorker
Financials: Banks Brace for ‘Big Bang’ Switch on $80 Trillion Worth of Swaps | B
Financials: Morgan Stanley Powers Through Coronavirus Recession With Higher Profit, Revenue | W
Media: Theater Chain’s Bold Plan to Stay Solvent, Keep Parents Sane | W
Tech: FCC Chairman says he will to ‘clarify’ tech legal shield, Section 230 | C

Virus I
‘Things will get worse’: London goes into stricter lockdown | R
Why Covid-19 Is Spreading Again: Fatigue, Colder Weather, Eased Restrictions | W
In U.S. Midwest states, new COVID-19 infections rise to record highs | R
Russia, China Rush to Fill Covid-19 Vaccine Void | W

Virus II
A Demoralized CDC Grapples With White House Meddling and Its Own Mistakes | W
‘Long COVID’ may affect multiple parts of body and mind, doctors say | R
Covid-19 Outbreaks Led to Dangerous Delay in Cancer Diagnoses | W
Coronavirus exposure risk on airplanes very low, U.S. defense study finds | R

Cybersecurity & digital currencies
U.S. Moves to Protect Technologies Considered Critical to National Security | W
Robinhood Hack: Almost 2,000 Accounts Infiltrated, More Widespread Than Known | B
A 90x return in five years? Former Goldman hedge-fund manager says an ‘enormous wall of money’ is coming | MW

Oct 15 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock futures are flat as Wall Street tries to recover from 2-day slide | C
Stock market today: Stocks close lower for a second day amid coronavirus aid uncertainty, Dow drops more than 160 points | C
Wall Street ends down after Mnuchin dims stimulus hopes | R

Central banks
Fed’s Kaplan says disadvantaged Americans need help getting back to work | R

China
China’s digital currency aims to leave the rest of the world in the dust | Axios

US
Inflation comeback is ‘pervasive and persistent’ | C
Rents are nose-diving in these major cities — and rising in nearby suburbs | MW

US politics
The Verdict on Trump’s Economic Stewardship, Before and After | W
Top moments from Day 3 of Amy Coney Barrett confirmation hearings | C

Industries & companies
Airlines: United Airlines (UAL) earnings Q3 2020 | C
Autos: Elon Musk says Tesla Model S will now cost $69,420, lower than new rival | MW
Consumer discretionary: Amazon Expands NFL Coverage With Playoff Game | W
Consumer discretionary: Amazon resumes policy that dings workers for taking too many breaks | C
Communication services: Facebook, Twitter make editorial decision to limit NY Post Biden story | C
Financials: Bank Earnings Show Diverging Fortunes on Wall Street and Main Street | N
Financials: Big U.S. banks offer muddled outlook on how bad coronavirus losses might get | R
Financials: Goldman’s Pandemic Hot Streak Continues in Third Quarter | W
Financials: Bank of America Profit Falls 16% | W
Restaurants: Starbucks Ties Executive Pay to 2025 Diversity Targets | W
Tech: Apple Counts on 5G to Boost iPhone Fortunes in China | W

Corporate finance
An Unpopular IPO Rule Hands Chinese Banks Big Windfalls | W

Virus
World Bank head: 1 billion kids may be out of school due to pandemic | C
Europe Overtakes U.S. in New Cases of Covid-19 | W
Coronavirus: Healthy young people might not be able to get the vaccine until 2022, WHO says | C

Offbeat
How to Deal With a Crisis of Misinformation | N
How airplanes are cleaned during pandemic: Shepard Smith documentary | C
Business of Football: Dak Prescott’s injury won’t significantly hurt his career earnings | SI