Dr. Ed's Blog

Sep 09 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow drops 600 points as tech stocks fall again, Nasdaq down 10% in 3 days | C
U.S. credit spreads unlikely to tighten much further, says UBS | R

Central banks
Fed’s Main St. Loan Program Going Mostly to $1m-Plus Borrowers | B

US
Mortgage Refinancings Boom, Even as Coronavirus Hits Economy | W
Majority of young adults now live with mom and dad due to coronavirus | C
The Opioid Crisis, Already Serious, Has Intensified During Coronavirus Pandemic | W

US politics & policies
Senate aims for Thursday vote on scaled-down coronavirus aid bill | R
JPMorgan says some employees have ‘fallen short’ as bank probes relief abuses | C
Trump signs order extending drilling ban off Florida Gulf coast, expands it two other states | R
Taxpayer, conservation groups pressure U.S. to halt drilling auctions | R
New York Gov. Cuomo says Trump is ‘actively trying to kill New York City’ | C
How a ‘blue shift’ in U.S. mail ballots might set off Election Week chaos | R

Industries & companies
Airlines: Boeing Flags Additional 787 Production Problem | W
Autos: GM Stock Jumps on News of Stake in Electric-Vehicle Company Nikola | W
Autos: Tesla falls 21%, worst single-day loss in its history | C
Energy: U.S. job losses in oilfield services and equipment top 100,000: trade group | R
FAANGs: Apple Countersues ‘Fortnite’ Maker Epic Games, Seeks Punitive Damages | W
Fitness: Peloton Rides Covid-19 Wave, Adding Products, Cutting Bike Price | W
Media: Disney’s ‘Mulan’ Faces Controversy Over Filming in China’s Xinjiang | W
Retail: Lululemon (LULU) reports Q2 2020 earnings beat | C
Tech: Slack Boosts Outlook as Pandemic Fuels Boom in Remote-Work Tools | W
Tech: Shopify, Suddenly Worth $117 Billion, Is One of the Biggest Pandemic Winners | W
Tech: Microsoft to Release Two New Xbox Consoles; Series S to Cost $299 | W

Virus I
Coronavirus vaccine: Fauci says it’s ‘unlikely’ it will be ready by election | C
There are seven coronavirus vaccine candidates being tested in the U.S. | MW
Drugmakers Pledge to Avoid Safety Shortcuts on Covid Vaccine | B
Vaccine Economics: Where Profit and Public Health Collide | W

Virus II
Qiagen to launch rapid coronavirus test it says could be used in airports, stadiums | C
Public Health Officials Pursue Covid-19 Tests That Trade Precision for Speed | W
COVID-19 cases rise in U.S. Midwest and Northeast, deaths fall for third week | R
Sturgis motorcycle rally in South Dakota in August linked to more than 250,000 coronavirus cases, study finds | MW

Sep 08 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets
Don’t fear a 10% to 15% market correction: Long-time bull Ed Yardeni | C

Markets
Dow futures jump 250 points in overnight trading following the worst tech rout since March | C
The Stock Market Is a Strong Election Day Predictor | WSJ
Sudden Volatility in Tech Stocks Unnerves Investors | WSJ
Stock markets: CIO says tech bubble not expected to pop anytime soon | C
SoftBank Shares Drop on Concerns About Massive Options Bet | WSJ

Currencies & commodities
Companies Brace for Profit Hit From Euro Rally | WSJ
Goldman’s ‘favorite’ commodity has been on a tear, could have further to run | C

Central banks
Fed’s strategy shift to bind big central banks from Frankfurt to Tokyo | R

US
Opinion: Jobs in these industries won’t come back even after the pandemic is over | NN

Japan
Japan’s Record GDP Plunge Is Slightly Worse on Revision | B
Japan’s economy shrinks more than expected in second quarter, heightens woes for new leader | R

US politics
Lawmakers Tackle Spending Deadline, Look to Revive Coronavirus Aid Talks | WSJ
Biden Has 71.1% Chance of Winning Election: FiveThirtyEight | B
Trump touts big job gains, says the U.S. is ’rounding the corner’ on the coronavirus | C
Government shutdown: Steven Mnuchin says bill will fund government into December | C

Geopolitics & trade
Trump again raises idea of decoupling economy from China | R
China to Launch Initiative to Set Global Data-Security Rules | WSJ
China’s Exports Ramp Up as Countries Emerge From Lockdowns | WSJ
Shares in China’s Top Chip Maker Tumble as U.S. Weighs Export Controls | WSJ

Industries & companies
Airlines: Production Problems Spur Broad FAA Review of Boeing Dreamliner Lapses | WSJ
Autos: Tesla could be the most dangerous stock on Wall Street, investment researcher says | C
Retail: With Some Schools Moving Outdoors, Retailers Follow | N
Telecom: Samsung, Verizon Sign $6.65 Billion 5G Contract | WSJ

Virus I
New U.S. Coronavirus Infections Slow as Labor Day Holiday Winds Down | WSJ
Virology experts say the key is keeping Spain’s hospitals from becoming overwhelmed by COVID-19 this time | MW
‘Really Diabolical’: Inside the Coronavirus That Outsmarted Science | WSJ

Virus II
Netflix’s Reed Hastings Deems Remote Work ‘a Pure Negative’ | WSJ
Think Reopening Schools Is Tough, What About School Buses? | WSJ
Remote Schools’ Hidden Cost: Parents Quit Work to Teach, Prompting New Recession Woes | WSJ
Parents Got More Time Off. Then the Backlash Started. | N

Offbeat
Wildfires rage in California, stoked by extreme heat in U.S. West | R
Amazon, Wish Are Restricting Seed Sales. That May Not Stop Mystery Mailings. | WSJ
They’re Stuck at Home, So They’re Making Home a Sanctuary | N
Locked Down in the Ritz-Carlton: Winning the Quarantine Hotel Lottery | WSJ

Sep 05 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Fall in Another Volatile Session | W
The stock market shakeout is likely not over yet, even with Friday’s comeback | C
The only path to a sharply higher stock market ‘is a bubble like the late 1920s and 1990s’, says analyst who called rally off March lows | MW
Tech rout deepens, Nasdaq set for worst two-day fall since March | R

Credit & commodities
Oil Industry Is Fading Away in Land of the World’s Richest Reserves | W
U.S. Government-Bond Yields Climb After Jobs Data | W
Risk Creeps Into Municipal Bond Market, Yet Prices Stay High | W
What Happens When Interest Rates Go Down | C

Central banks
U.S. is still in a ‘very significant recession’ despite job gains, Fed’s Rosengren says | C
Powell says duration of low interest rates ‘will be measured in years | C

US I
U.S. Unemployment Rate Fell to 8.4% in August as Hiring Continued | W
Jobs report August 2020: Payrolls increase by nearly 1.4 million as the unemployment rate tumbles | C
U.S. job growth loses speed as fiscal stimulus ebbs | R
Worries grow over a K-shaped economic recovery that favors the wealthy | C
The Service Economy Meltdown | N

US II
Container Volumes Shipped to the U.S. Surge After Coronavirus Downturn | W
U.S. Trade Deficit Widest Since 2008 in July as Imports Outpaced Exports | W
Gaps in the CDC’s eviction ban could leave some renters homeless, housing advocates say | MW

US politics
Trump Denies Report He Disparaged Military | W
Coronavirus stimulus: Mike Pence says Congress to pass government funding | C

Geopolitics & trade
Serbia, Kosovo Agree to Normalize Economic Relations | W
Tech Decoupling: China’s Race to End Its Reliance on the U.S. | W
China Launches Experimental Spaceplane | W

Industries & companies
Autos: Car Sales Are Down Almost 20%, but Prices Are Setting Records | W
Autos: Jeep punches above its weight with $100,000 Grand Wagoneer SUV | C
Defense: Pentagon says it will stick with Microsoft for JEDI cloud contract | C
FAANGs: Apple Still Wears the Market Crown. It Can Easily Slip. | W
Hotels: Hilton Times Square closure may be ‘tip of the iceberg’ for New York hotels | C
Retail: Retail Stores Add Jobs as Shoppers Return | W
Restaurants: Most Businesses Were Unprepared for Covid-19. Domino’s Delivered. | W
Tech: Semiconductor stock Skyworks could be best way to play 5G rollout | C

Virus I
Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1 | C
Russia’s COVID-19 vaccine showed antibody response in initial trials | R
Most people likely won’t get a coronavirus vaccine until the middle of 2021 | C
Exclusive: J&J seeking one-third of COVID-19 vaccine trial volunteers in hard-hit Latin America | R
Covid Testing, Not a Cure, Is What Investors Need to Watch | W

Virus II
As Covid-19 Depletes Blood Supplies, Scientists Test an Alternative | W
‘We can’t let our guard down’: Scientists say some children could spread COVID-19 even if they have antibodies | MW
Think twice before wearing a face shield to protect against COVID-19 instead of a cloth face mask — here’s why | MW
Covid-19 Vaccine Race Turns Deep Freezers Into a Hot Commodity | W

Corporate finance
Softbank reportedly the ‘Nasdaq whale’ that bought billions in options | C
SoftBank’s Bet on Tech Giants Fueled Powerful Market Rally | W

Sep 04 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Dow futures drop 200 points as Wall Street braces for more tech losses | C
Stock market today: Stocks plunge, with the Dow dropping more than 800 points as tech shares snap a 10-day win streak | C
Stock-market selloff: Why it’s too early to call tech rout the start of a correction | MW
Emerging-Market Bond Funds Face Reckoning | W
Investors snap up U.S. corporate debt, pushing some real yields below zero | R

Central banks
Fed Officials Push Back on Updated Rate Guidance at Next Meeting | B
Fed policymakers signal comfort with higher inflation | R

US
Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued | C
The Economy Is Limping, but Wall Street Is Booming | W
A Furniture Maker’s Five-Month Struggle With Covid. ‘You Can’t Really Have a Plan.’ | W

Europe
France Reveals $118 Billion Plan to Relaunch Economy | W

US politics
Trump seeks to cut federal funding to what he calls ‘anarchist jurisdictions’ | C
Twitter slaps warning labels on Trump tweets that suggest voting twice | C
Senate Democrats pushing to undo President Trump’s payroll tax deferral | C

Geopolitics & trade
China Allows Stronger Yuan as President Xi Turns Focus to Home | B

Industries & companies
Autos: Tesla drops again, bringing three-day loss to more than 18% | C
Autos: Fiat Chrysler Showcases Jeep With New Models, Stand-Alone Showrooms | W
FAANGs: Apple Delays Privacy Change Amid App Publishers’ Concerns | W
Pharma: Samsung’s Drugmaking Future Includes a $2 Billion ‘Super Plant’ Bigger Than the Louvre | W
Media: Cable, Satellite Operators Place New Bets on 5G Airwaves | W
Tech: Bezos, Musk Lead Tech Wealth Retreat as $44 Billion Evaporates | B

Corporate finance
GM, Honda Deepen Ties, Plan Joint Vehicle Development | W

Virus
Crucial Results for Promising Covid Vaccines Due in Weeks | B
Covid-19 Tests: Answers on Cost, Accuracy and Turnaround Time | W
Johnson & Johnson says coronavirus vaccine prevents severe illness in hamsters | C

Offbeat
Is It Safe to Go to a Live Sporting Event? These NFL Teams Say Yes | W
In Novichok Poisoning of Alexei Navalny, Some See a Kremlin Calling Card | W

Sep 03 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Dow Rallies Above 29000; S&P 500, Nasdaq Hit Fresh Records | W
Stock market today: Dow surges 450 points in its best day since mid-July, S&P 500 closes at another record | C
These 74 stocks in the S&P 500 hit all-time records on Wednesday | MW

Central banks
Fed Beige Book Finds Modest Economic Growth | W
Fed Says Economy Showing Progress But Uncertainty Persists | B
Fed’s Mester says central bank won’t let inflation run rampant | R
Weidmann Says ECB Must End Emergency Stimulus When Crisis Over | B

US
U.S. hiring picked up speed in August but still missed estimates, ADP says | WP
Job growth appears stuck in neutral after enhanced unemployment expired, data shows | C
U.S. CBO sees FY20 federal budget deficit of $3.3 trillion amid coronavirus spending | R
Inflation Is Higher Than the Numbers Say | N
How’s the Coronavirus Economy? Great or Awful, Depending on Whom You Ask | W

US policies & politics
CDC move to stop evictions draws heavy criticism from both sides | C
Coronavirus stimulus update: Pelosi, Mnuchin talk about relief bill | C
Biden Campaign Raised More Than $300 Million in August | W
Biden still ahead in the polls, but Trump narrows gap after RNC | C
How Minnesota Became a 2020 Election Battleground | W
Trump encourages North Carolina residents to vote twice to test mail-in system | C

Geopolitics & trade
TikTok Deal Talks Are Snarled Over Fate of App’s Algorithms | W

Industries & companies
Airlines: United Plans to Cut More Than 16,000 Staff | W
Autos: Ford Looks to Trim 1,400 Salaried Employees in U.S. Through Buyouts | W
Media: Advertisers Seek Right to Cancel TV Spending as Pandemic Roils Fall Season | W
Media: Cable, Satellite Operators Place New Bets on 5G Airwaves | W
Railroads: U.S. passenger railroad Amtrak to furlough 2,000 workers | R
Retail: Macy’s Posts $431 Million Loss as Stores Continue Recovery | W
Retail: CEO of Calvin Klein owner: Retail hinges more on halting virus than stimulus | C
Tech: Zoom shares drop following Tuesday’s 40% surge | C

Virus I
U.S. CDC tells states to prep for COVID-19 vaccine distribution as soon as late October | R
Here’s what to know about Abbott’s 15-minute COVID-19 test | MW
The coronavirus may remain in the body for a month or more — but does that mean you’re still contagious? | MW

Virus II
White House to Target Hospitals for Uneven Covid-19 Data Reporting | W
Fauci: U.S. coronavirus cases ‘unacceptably high’ going into Labor Day | C
A Texas School Reopens and Everyone Holds Their Breath | W

Corporate finance
SoftBank Vision Fund 2 leads $100 million investment in Biofourmis | C

Offbeat
Would basic income be better than additional unemployment benefits? | TheHill
Robinhood Faces SEC Probe for Not Disclosing Deals With High-Speed Traders | W
Putin Critic Alexei Navalny Poisoned With Novichok, Berlin Says | W
The 1918 Pandemic Was Deadlier, but College Football Continued. Here’s Why. | W

Sep 02 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rises 100 points to start September, Nasdaq up 1% as Apple leads tech higher | C
The pros are getting ready for a market crash — retail investors, not so much, top economist warns | MW
U.S. Stocks Turn Higher on Factory Data | W

Central banks
Fed’s Mortgage-Buying Spree at $1 Trillion With No End in Sight | B
Fed Official Says Economy Faces High Uncertainty, Prominent Risks | W
Ex-Fed Chief Yellen Defends Rate Increases Under Her Watch | B

US I
U.S. and Global Factory Output Picks Up, but Jobs Picture is Mixed | W
U.S. factory activity accelerates as orders jump to more than 16-1/2-year high | R
Job growth expected to slow sharply over the next decade, Labor Department says | C
Summer Fuel Demand Disappoints, Challenging Economy | W

US II
Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock market | MW
New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’ | N
New York City Delays School Reopening | W
Child care has always been essential to our economy — let’s start treating it that way | TheHill

US politics & policies
Mnuchin Urges Congress to Pass More Stimulus Funding | W
Small-Business Failures Loom as Federal Aid Dries Up | N
Thousands of small-business loans may have been fraudulent, U.S. House panel finds | R
Coronavirus: Democrats say PPP helped businesses, but wasted billions | C
Today is the first day of the payroll tax deferral. Here’s what we know | C
One stock-market metric has predicted presidential election results since 1984 | MW

Europe
Germany Expects V-Shaped Economic Rebound From Coronavirus | W

Virus I
New U.S. Coronavirus Infections Slow to Lowest Level in More Than Two Months | W
94% of Americans who died from COVID-19 had contributing conditions: CDC | P
Fauci debunks theories of low CDC coronavirus death toll | C
U.S. advisors recommend four phases for distributing coronavirus vaccine nationwide | C
HHS deploys Abbott’s new coronavirus tests to states hit by wildfires, hurricanes | C

Virus II
Key to Preventing Covid-19 Indoors: Ventilation | W
Can Covid Be Treated With Convalescent Plasma? NIH Says Not Enough Evidence | B
Top U.S. health officials warn Labor Day will be essential for containing coronavirus this fall | C

Geopolitics & trade
Shinzo Abe’s Departure Throws Wrench Into U.S.-Japan Ties | W

Industries & companies
Autos: Only 19% of Tesla analysts say buy the stock while investors remain ‘insatiable’ | MW
Consumer: Coffee, ketchup and Nike Air Max: it’s the COVID consumer economy | R
FAANGs: Amazon seeks intelligence analyst to track ‘labor organizing threats’ | C
Retail: Retail Eviction Proceedings Pick Up as Economy Restarts | W
Retail: Walmart Tries Again to Find Its Answer to Amazon Prime | W
Retail: L.L. Bean CEO: Demand for winter gear already spiking during pandemic | C
Retail: Beauty Stocks Face New Reality Amid Coronavirus Pandemic | W

Corporate finance
Tesla to Sell Up to $5 Billion in Stock | W
AT&T Explores Potential Sale of Xandr Digital Ad Unit | W

Offbeat
Tesla employee foregoes $1M payment, works with FBI to thwart cybersecurity attack

Sep 01 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow closes more than 200 points lower but still notches best August since 1984 | C
September has the worst track record for stocks but any pullback could be swift as investors watch the election | C
U.S. Stocks Post Biggest Monthly Gain Since April | W
Nasdaq ends higher while S&P 500 posts biggest August gain since 1986 | R

Central banks
The Fed Lays Out New Goals, but Its Tools Could Be Lacking | W
Framework complete, Fed faces election year call on next steps | R
Fed’s Clarida Leaves Door Open to Yield Caps in New Strategy | B
Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates | W
Minneapolis Fed President Neel Kashkari on the Challenges for Monetary Policy | B

US
Wage growth is false signal on state of labor market, Fed’s Daly says | R
Fed Study Shows Low-Income Pandemic Job Losses Skew Wage Growth | B
CARES Act: How To Spend Money with Student Loans Deferred | C

Europe
Germany Expects 2020 Contraction Won’t Be as Deep as Feared | B
In France, the Young Lose Their Jobs to Coronavirus | W

Asia
Indian Economy Shrank Record 23.9% Last Quarter | W
China’s Big Banks Report Profit Drops | W
China’s Exports Are Surging Despite Tariffs and Coronavirus | N
Shinzo Abe’s Unfinished Revolution Hangs in the Balance | W
‘Abenomics’ May Stay, but Japan’s Economic Overhaul Is Incomplete | N

US policies & politics
Will Congress make a significant move on housing affordability? | TheHill
Biden condemns Kenosha violence and rebuts Trump’s ‘law and order’ message | C
Coronavirus: House panel opens probe of White House trade advisor Navarro after cancellation of ventilator contract | C

Industries & companies
Airlines: Delta Air, American drop domestic change fees, following move by United | C
Consumer: Nestlé Moves Further Into Health, Buying Peanut-Allergy Treatment Maker | W
FAANGs: Amazon Prime Air drone delivery fleet gets FAA approval | C
Health Care: Proposal Would Speed Up Approval of ‘Breakthrough’ Devices to Medicare Patients | W
Tech: Zoom (ZM) earnings Q2 2021 | C

Virus
Coronavirus cases are on the rise again across more than half of the U.S. | C
Covid-19 Vaccines: What’s Coming and When? | W
Scientists see downsides to top COVID-19 vaccines from Russia, China | R

Corporate finance
J.C. Penney sale talks stall, pushing retailer to brink | R
Anthem-Cigna Fight Over Failed Merger Ends in a Draw | W
Wish confidentially files to go public | C
Apple, Tesla stock splits: What five market analysts are watching | C

Technology
Opinion | The Brain Implants That Could Change Humanity | N

Offbeat
Bill Ackman on saving capitalism: Every child in the U.S. could be given enough money at birth to become millionaires by retirement | MW

Aug 31 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Revamped Dow’s Gap With S&P 500 Is Set to Widen | W
Market posts one of the strongest July-August rallies in history as hazard after hazard melts away | C
Expected Surge of CLO Downgrades Slow to Arrive | W
Why Gas Prices Will Remain Steady for the Rest of Summer | BR

Central banks
A Flexible Fed Means Higher Inflation | W
The Fed Unveils Its Everything-Old-Is-New-Again Monetary Policy | BR
Ron Insana: What it means for markets now that the Fed has given up on the Phillips Curve | C
Reflation Trades Face Reality Check With Fed’s New Goal in Doubt | B

US
U.S. Jobless Rate Set to Return to Single Digits: Eco Week Ahead | B
If Consumer Confidence Is So Low, Why Is Spending Rising During the Pandemic? | B
Cities and States Are Facing a $1 Trillion Budget Mess | BR
It’s Time to Narrow the Income Gap. Future Prosperity Depends On It. | BR
California Moves to Consider Reparations for Slavery | B
New York City’s Offices Are Empty. How to Gamble on a Recovery. | BR

China
China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave | B
Matronymics – More Chinese children are being given their mother’s surname | China | E

Japan
After Abe – Who will replace Abe Shinzo after his resignation owing to illness? | Asia | E
Abe Defied Expectations to Build a Better Japan

US politics
IRS rules on Trump’s payroll tax cut put firms on the hook for taxes | C
U.S. Intelligence Office to Stop Briefing Congress on Election Security | W
Top U.S. general says no role for military in presidential vote | C
Trump Unleashes Twitter Storm After Portland Protest Death | B

Geopolitics & trade
China Tightens Tech Export Rules Amid TikTok Talks | W
TikTok, ByteDance Latest News: China Must Approve Any Sale | B
Hong Kong health workers, activists urge boycott of mass testing | R
What Putin fears – Russians and Belarusians are tired of backwards-looking autocrats | Leaders | E
Self-strangulation – As natural disasters strike, North Korea cuts itself off | Asia | E
Un-American activities – How Hollywood should deal with Chinese censors | Leaders | E

Industries & companies
Airlines: Covid and Travel: American Airlines Drops 15 Cities and Cuts Capacity 55% | B
FAANGs: Apple’s Bet on a Cashless Future Could Pay Big Dividends for Investors, Analyst Says | BR
FAANGs: Amazon Isn’t Synonymous With Luxury. That May Be Changing. | BR
Financials: Coronavirus Has Left Banks With Lots of Cash and Little to Do With It | W
Media: How Will the NFL Season Be Affected by the Coronavirus Pandemic? | W
Real estate: The Coronavirus Real Estate Market Is on Fire. Two Stocks That Could Benefit Now. | BR
Restaurants: Starbucks Is Well Positioned for a Postpandemic World | BR
Retail: Coronavirus: Retailers report record online sales during pandemic
Retail: Airport Shopping Has Been on a Tear for Years. Now What? | W
Retail: Coupon-Clipping Fades Into History as Covid-19 Accelerates Digital Shift | W
Tech: Salesforce Rises After It Joins the Dow. But Earnings Drive the Stock Even More. | BR
Tech: These Global Tech Companies Can Go the Distance | BR

Corporate finance
Activists May Focus on Energy and Health Care Next Year | BR
Demand for Online Doctors Forges $39 Billion Sony-Backed Titan | B
KKR Nearing Deal to Sell Epicor to CD&R-Led Group | W

Technology
Robot Boats Leave Autonomous Cars in Their Wake | W
Future of Cleaning Oil Spills Looks to Robots, Wood Chips and Sponges | W
Space Force boldly goes to Silicon Valley to get a Star Trek-flavored software boost | C
Magna Builds Its Electric Future by Making Cars for Start-Ups That Can’t | BR

Virus I
Covid-19 Cases Top 25 Million World-Wide | W
U.S. coronavirus cases approach 6 million as Midwest, schools face outbreaks | R
A Covid-19 Vaccine Is Coming and Investors Are Betting Big. Brace Yourself. | BR
FDA commissioner says willing to fast-track COVID-19 vaccine: FT | R
Companies Rush to Shore Up Covid-19 Testing Ahead of Flu Season | W
When Retirement Comes Too Early | N

Virus II
U.S. Colleges: What to Do With Students and Coronavirus on Campus? | B
Covid-19 in schools – Other countries show that schools need not be pandemic hotspots | United States | E
Back to school – Disrupted schooling will deepen inequality for American students | United States | E

Offbeat
Natural disasters – Why California is experiencing its worst fires on record | United States | E
The memory hole – The rising prevalence of dementia is a global emergency | Leaders | E

Aug 29 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow closes more than 150 points higher to erase its 2020 losses | C
The Father Of CMBS Says Real Estate Valuation Is In ‘Uncharted Territory’ | B
America’s Empty Hotels Might Just Be Hedge Funds’ Next Big Short | B
Chinese Bond Issuers Bypass U.S. Investors | W

Central banks
Fed’s Elevation of Employment Goal Reflects a Changed World | W
Fed’s Bullard says the recession is over but rates will ‘stay low for a long time’ | C
Federal Reserve’s Cautious Monetary Policy a Missed Opportunity | National Review

US
U.S. Consumer Spending Rose More Slowly in July | W
Losing the extra $600 unemployment benefit may not have stopped Americans from spending money, J.P. Morgan credit card data shows | MW
New Homes Account for Biggest Share of U.S. Sales in 12 Years | B
Return of the Zombie Foreclosure: Taking Over Homes Where No One Lives

US policies & politics
Trump willing to sign a $1.3 trillion coronavirus relief bill: Meadows | R
Trump Pitches Second Term With Selective Retelling of His First | B
House Chairman Moves to Hold Pompeo in Contempt of Congress | W
Opinion: Raising taxes on the rich would help reduce wealth gap | NN
Spotting $62 Million in Alleged P.P.P. Fraud Was the Easy Part | N

Japan
Shinzo Abe Will Resign as Japan’s Prime Minister, Citing His Health | W

Geopolitics & trade
U.S. to Cut Troop Presence in Iraq by About One-Third, Officials Say | W

Industries & companies
Autos: 5 things to know about Tesla ahead of its 5-for-1 stock split | MW
Autos: U.S. gives automakers at least six more months to meet ‘quiet car’ rules | R
Casinos: MGM Resorts Lays off 18,000 Workers | W
Consumer: Coca-Cola Plans Layoffs, Offers Buyouts to U.S. Staff | W
Cruises: Cruise Ships Cautiously Resume Sailing in Europe After Deadly Outbreaks | W
FAANGs: Amazon Rolls Out Halo, a Wellness Tracker That It Says Can Also Sense Moods | W
Financials: Banks eye layoffs as short-term crisis ends, long-term costs emerge | R

Virus
CDC director says there will likely be a limited supply of coronavirus vaccines | C
Chinese Covid-19 Vaccine Maker in Talks With Countries on Early Approval | W
Exclusive: Most U.S. states reject Trump administration’s new COVID-19 testing guidance | R

Corporate finance
China’s IPO Mania Creates Three New Billionaires in One Week | B
SoftBank to Sell $14 Billion Stake in Telecom Unit | W
AT&T Again Exploring a Deal For DirecTV | W
Utz readies for market debut after gaining share amid pandemic | C

Offbeat
Thousands March on National Mall, Continuing Racial-Justice Push | W
Credit Suisse Uncovers Client Fraud at Wealth Management | B
Herbalife to Pay $123 Million to Resolve China Bribery Cases | B

Aug 28 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
S&P, Dow close higher on new Fed inflation stance, COVID test hopes | R
U.S. Stocks Rise as Fed Signals Policy Shift | W
Fed’s Easy Money Pumps Up Winners Like Apple and Housing | W
84% of CFOs say US stocks are overvalued | NN
Oil Market’s Wild Swings Subdued by Options Trading | W

Central banks
In landmark shift, Fed rewrites approach to inflation, labor market | R
Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates | W
Powell announces new Fed approach to inflation that could keep rates lower for longer | C
$454 Billion Treasury Fund Goes Mostly Unused | W
Fed pledges to look at if the economy is working for lower-income communities when setting policy | C

US
Unemployment Claims Are ‘Stubbornly High’ as Layoffs Persist | N
U.S. Labor Department changes jobless claims data methodology after economic shock | R
Millennials Help Power This Year’s Housing-Market Rebound | W
With Second Stimulus Checks on Hold, Americans Spend Less at the Grocery Store | W

US politics
Pelosi Call With Meadows Yields No Breakthrough on Stimulus | B
Covid-19: Kamala Harris blasts Trump on coronavirus response | C

Industries & companies
Autos: Tesla shares surge to record high, leaving rivals behind | R
Energy: America’s Energy Corridor Narrowly Averts Direct Hit From Hurricane Laura | W
Hotels: How the hotel industry is reinventing itself in the pandemic to meet the new demands of guests | MW
Hotels: Stressed remote workers turn to renting hotel rooms | NBC
Retail: Dollar General, Dollar Tree Draw in Consumers Amid Economic Weakness | W
Retail: Gap (GPS) reports Q2 2020 loss per share, sales drop 18% | C
Retail: 25% of U.S. malls are set to shut within 5 years. What comes next? | C
Tech: Bill Gates’ nuclear venture plans reactor to complement solar, wind power boom | R

Virus
Trump to announce $750 million deal with Abbott for at least 150 million rapid coronavirus tests | C
Moderna and Pfizer’s COVID-19 vaccine candidates require ultra-low temperatures, raising questions about storage, distribution | MW
Trump Administration Seeks Data on Covid-19 Nursing Home Deaths in Four States | W

Corporate finance
Pandemic PC boom pushes HP sales $1 billion higher than expected; stock up 5% | MW
Chinese Tesla Rival to Raise $1.5 Billion in U.S. IPO | W
Walmart Joining Microsoft in TikTok Bid | N
TikTok likely to announce sale U.S. operations in the coming days | C
Exclusive: ByteDance asks TikTok to draw up U.S. shutdown contingencies: sources | R

Offbeat
NYC Landlord Stepping Up Back-to-Office Campaign With Banks | B
Hurricane Laura Slams Into Gulf Coast, Weakens to Tropical Storm | W