Dr. Ed's Blog

Aug 04 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Climb to Start the Month | W

Central banks
Covid Supercharges Federal Reserve as Backup Lender to the World | W

Global
Global Factories Increase Production but Overseas Demand Remains Soft | W

US
Nearly half of workers believe temporary layoff will become permanent | C

US policies & politics
Coronavirus stimulus updates: Relief bill talks hinge on unemployment insurance | C
Is $600 unemployment boost a disincentive to work? No, economists say | C
Trump Says He May Act to Stop Evictions as Virus Aid Talks Stall | B
How Trump could force a payroll tax cut without waiting for Congress | C
2020 election: Trump continues to lose ground as nation grapples with coronavirus | NN

Geopolitics & trade
Trump: U.S. should get ‘substantial portion’ of TikTok operations sale price | R
Microsoft’s Talks to Buy TikTok’s U.S. Operations Raise Ire in China | W
TikTokers Can’t Quit TikTok. That’s Why It’s at the Center of a Global Business Battle. | W

Industries & companies
Airlines: Airlines, unions push for billions in additional federal aid to save airline jobs as loom | C
Autos: GM Tries to Revive Legal Battle With Fiat Chrysler | W
Autos: Used-Car Dealers Really, Really Want to Buy Your Vehicle | W
FAANGs: Apple Faces $1.4 Billion Lawsuit in China in Siri Patent Fight | W
Retail: Bankruptcies Rip Through U.S. Mall Tenants With No End in Sight | B

Virus I
Fauci says states seeing surge in COVID-19 cases should reconsider some lockdown measures | R
Coronavirus: Fauci starting to see ‘insidious’ rise in rate of positive cases | C
Trump attacks Dr. Birx after she said U.S. reached ‘new phase’ in coronavirus fight | C
Fauci says there’s ‘a degree’ the coronavirus is spreading through air particles | C

Virus II
One of the world’s ‘most livable’ cities just went into full lockdown mode as coronavirus cases spike | MW
260 employees in Georgia school district have tested positive for Covid-19 or been exposed | NN
Teachers protest across U.S. over re-opening schools in pandemic | R

Virus III
Critically ill COVID-19 patients make quick recovery with treatment RLF-100 | P
Next big COVID-19 treatment may be manufactured antibodies | R
Rival drugmakers launch joint trial of medicines for COVID-19 | R
Eli Lilly starts late-stage study of COVID-19 drug in nursing homes | R
Opinion | A Coronavirus Vaccine Is Coming. Just Don’t Call It ‘Warp Speed.’ | N
FDA’s Shifting Standards for Chinese Face Masks Fuel Confusion | W

Corporate finance
Google to Invest $450 Million in ADT to Boost Smart-Home Security Offerings | W
With pandemic, retail bankruptcies approach highest number in a decade | C

Offbeat
I Tried to Live Without the Tech Giants. It Was Impossible. | N
US firearms purchases skyrocket during pandemic, according to FBI records | NN
Elon Musk rebukes cronyism in stimulus funding. Will it be permanent? | WP

Aug 03 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. stock futures slip as earnings season, stimulus talks continue | C
Behind the Vast Market Rally: A Tumbling Dollar | W
Gold Surges to Record as Week Opens With Spot Price Near $2,000 | B
Oil edges lower on oversupply concerns as OPEC+ set to raise output | R

Central banks
Fed’s Kashkari suggests 4-6 week shutdown; says U.S. Congress can spend big on coronavirus relief | R
Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation | W

US
U.S. companies leap over low profit hurdle in coronavirus-hit quarter | R
Consumers, Flush With Stimulus Money, Shun Credit-Card Debt | W
America’s Saw Mills Didn’t See This Building Boom Coming | W
Retail rents plummet across New York City, a warning for other areas | C
Homicide Spike Hits Most Large U.S. Cities | W

US policies & politics
White House says not optimistic on near-term deal for coronavirus relief bill | R
White House, Dems still agree on checks but disagree on unemployment | C
Trump Plans ‘Emergency’ to Stay in Office, Top Democrat James Clyburn Says | B
Eastman Kodak’s top executive reportedly got Trump deal windfall on an ‘understanding’ | C

Japan
Japan’s Economy Shrinks at Same Pace in Q1 as Capex Holds Up | B

Geopolitics & trade
U.S.-China Tensions, National Security and Spying Claims: What We Know | B
Microsoft Says It Remains Committed to Reaching TikTok Deal | W
Exclusive: Trump to give TikTok’s Chinese owner 45 days to reach deal to sell – sources | R

Corporate finance
Marathon Petroleum to Sell Gas-Station Chain to 7-Eleven Owners for $21 Billion | W
Siemens Healthineers to Buy Varian Medical for $16.4 Billion | W
Prescription Drug Marketplace GoodRx Files for IPO, Reuters Says | B
Luxury Department Store Lord & Taylor Files for Bankruptcy | W

Virus I
Dr. Birx warns U.S. in new phase of coronavirus pandemic with ‘extraordinarily widespread’ cases | C
Coronavirus Cases Rise in Europe as Youth Hit Beaches and Bars | W
Tenth House Lawmaker Tests Positive for Covid-19 | W

Virus II
Do some people have protection against the coronavirus? | NN
Some (Modest) Good News on Covid-19: Doctors Are Getting Better at Treating It | W
Nation’s testing czar: It’s ‘time to move on’ from talk about hydroxychloroquine | C

Virus III
Covid-19 test delays create health nightmare as schools try to reopen | C
‘New Normal’ Emerges for Companies Navigating Covid-19 Pandemic | W
Hospitals tracking Covid-19 with badge sensors, SwipeSense technology | C

Offbeat
SpaceX Capsule and NASA Crew Make Historic Splashdown | W
How Do Global Supply Chains Work?: Keith Oliver Has Fears for Consumers | B
Affluent travelers eagerly try to make their vacations happen | C

Aug 01 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Close Higher Amid Rally in Tech Shares | W

Global
Calculated Risk: Comparing US, EU and China GDP

US
Consumer Spending Rose 5.6% in June | W
Off the Charts – The Big Picture

Europe
Europe Plunges Into Recession as Economy Suffers Record Contraction | W

China
China’s Manufacturing Recovery Picks Up the Pace | W

US policies
The $600 unemployment benefit is officially going to expire, but one state is considering reinstating it | MW
Jobless Aid Expires as Talks Continue on Coronavirus Package | W

US politics
Trump Campaign Pauses Advertising for Strategy Review | W
Biden’s running-mate search is getting ‘outsized attention’ and could even shake the stock market — here’s how | MW
Joe Biden narrows down his VP list, with Karen Bass emerging as one of several key contenders | NN

Geopolitics & trade
Japan Edges Toward Military Pre-Emptive Strike Option | W
Containing China Starts With Fixing Alliances, Biden Adviser Tony Blinken Says | B
Citing Coronavirus, Hong Kong Postpones Legislative Elections for a Year | W
White House to force China’s ByteDance to separate from TikTok in U.S.: sources | R

Industries & companies
Airlines: United adds some international flights for September, but remains cautious | C
Energy: Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic | W
Financials: Coronavirus Is the Crisis Some Bank Investors Have Been Waiting For | W
Financials: Wells Fargo Sold Assets to Stay Under Fed Asset Cap as Markets Lurched | W
Pharma: Merck aims to start ‘large pivotal’ studies on coronavirus treatment in September | C
Retail: At Home CEO: We could grow to more than 600 stores, as sales soar | C
Tech: Tech competitors are ‘blown away’ by House antitrust CEO hearing | C

Virus I
Coronavirus: World Health Organization reports largest ever single-day increase in cases across globe | C
Opinion | Scared That Covid-19 Immunity Won’t Last? Don’t Be | N
Sanofi, GlaxoSmithKline Ink Coronavirus Vaccine Deal With U.S. | W
Large U.S. COVID-19 vaccine trials will exclude pregnant women for now | R
Early coronavirus drug trials tested vaccines mostly on White people; next phase aims for diversity | C

Virus II
Coronavirus: House report accuses Trump administration of ‘waste, fraud or abuse’ in U.S. ventilator contract | C
Trump planning for U.S. rollout of coronavirus vaccine falling short, officials warn | R
Top HHS official denies report that national coronavirus testing plan was scrapped to hurt blue states | C
Dr. Fauci: Coronavirus is so contagious, it won’t likely ever disappear | C

Virus III
NIH Awards Grants to Medical Companies to Boost Coronavirus Test Production | W
Wear Your Mask. Please. No, Not on Your Chin. | N
Fauci resists Republican effort to turn testimony against protesters | R
Coronavirus: CDC warns of ‘significant public health consequences’ if schools don’t reopen | C

Corporate finance
Microsoft in Talks to Acquire TikTok, as U.S. Considers Banning the App | W
Bankrupt Pier 1 becomes a walking zombie | NN

Cybersecurity
Three People Charged in Twitter Hack | W
Florida teenager charged with hacking Twitter accounts of Obama, Musk among others | R
Twitter hack: 17-year-old accused of masterminding Bitcoin scam | C

Offbeat
Florida declares emergency on Atlantic coast as Hurricane Isaias approaches | R
SpaceX won the race against Boeing to send NASA astronauts to space | C

Jul 31 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Close Lower on Dour Economic Data | W

Credit
U.S., European Yields Drop on Record Economic Downturns | W
A $158 Billion CLO Bet Is Putting the Insurance Industry at Risk | B

Central banks
The Fed treats investors like ‘foolish children’ by propping up stocks despite ‘dreadful fundamentals,’ hedge-fund Klarman says | MW

US
US GDP 2Q 2020: Shrinks 32.9% Record Pace Since at Least 1940s | B
U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million | W
U.S. Economy’s Rebound Looks Shakier After Worst Quarter Yet | B
The persistently weak jobs market is worrying economists, who say a recovery could take years | C
The worst might be over for the economy, but the future’s not so bright, either | C
The pandemic may cause 40 million Americans to lose their homes | C

China
China Tries Its Favorite Economic Cure: More Construction | N

Europe
Germany’s Economy Suffers Biggest Contraction on Record, but Green Shoots Emerge | W

US politics
McConnell Moves to Force Debate on Stopgap for Jobless Benefits | B
Trump floats election delay, congressional Republicans reject idea | R
Can Congress Delay the Election Date as Trump Floated? How Would It Work? | B
Families File First Wave of Covid-19 Lawsuits Against Companies Over Worker Deaths | W
Tax hike on California millionaires would create 54% tax rate | C

Geopolitics & trade
Pompeo Warns New Measures Planned for China Over Human Rights | W
Report Sheds Light on China’s Use of Military-Linked Researchers | W

Industries & companies
Autos: Auto Giants Swing to Loss Amid Coronavirus-Driven Downturn | W
Autos: Ford (F) earnings Q2 2020 | C
Consumer: Procter & Gamble Posts Biggest Yearly Sales Gain Since 2006 | W
Consumer: Kraft Heinz Earnings Hit by Write-Downs | W
Consumer: Coca-Cola to enter hard seltzer market through Topo Chico brand | C
FAANGs: Amazon (AMZN) earnings Q2 2020 | C
FAANGs: Facebook (FB) earnings Q2 2020 | C
FAANGs: Alphabet (GOOGL) earnings Q2 2020 | C
FAANGs: Facebook, Apple, Amazon, Google on Capitol Hill: Top CEO moments | C
Pharma: Drugmakers Race to Build Covid-19 Vaccine Supply Chains | W
Pharma: Kodak options are exploding but the action paints a bearish picture | C
Shipping: UPS Rides E-commerce Surge to 21% Jump in Package Volumes | W

Virus I
U.S. COVID-19 outbreak picks up in Midwest as summer travel spreads virus | R
U.S. officials see ‘signs of progress’ in Sun Belt coronavirus outbreaks, deaths remain high | C
Dr. Osterholm: Americans will be living with the coronavirus for decades | MW

Virus II
Dr. Fauci recommends wearing goggles to prevent catching the coronavirus | MW
Why some people who haven’t had Covid-19 might already have some immunity | NN

Virus III
Reopening Schools Try to Decide When They Should Close Again Due to Coronavirus Cases | W
Herman Cain, former GOP presidential candidate, dies after battle with coronavirus | C

Cybersecurity
Exclusive: Chinese-backed hackers targeted COVID-19 vaccine firm Moderna | R

Offbeat
Mystery Seeds Spread Around the World | W

Jul 30 (Thursday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Dow rises more than 100 points after Fed keeps rates unchanged, tech leads | C
U.S. Stocks Climb As Fed Reiterates Support | W

Central banks
Fed decision: Interest rates held steady, economic growth is ‘well below’ pre-pandemic level | C
Fed chief says coronavirus surge slowing U.S. economic recovery | R

US
U.S. renters owe $21.5 billion in back rent; Republicans offer no eviction relief | R
In play for suburban votes, Trump rescinds Obama-era fair housing rule | R
U.S., Oregon agree to phase out federal agents from Portland | R

US policies & politics
Coronavirus stimulus updates: GOP and Democrats negotiate relief bill | C
Republicans Say $600 Unemployment Benefits Discourage People From Working. Economists Disagree. | W
Unemployment wouldn’t replace 70% of wages for many under HEALS Act | C
House passes over $60 billion bailout for child care industry | C
Democrats Reject Trump’s Push for Short-Term Coronavirus Aid Deal | W
Biden allies move to stop Kamala Harris from becoming vice president | C

Industries & companies
Airlines: Boeing Plans Deeper Job, Production Cuts | W
Industrials: GE Hit by Steep Decline in Jet-Engine Business | W
Media: Theaters About to Get More Hooked on Blockbusters | W
Pharma: Investors, Don’t Look Away From This Kodak Moment | W
Shipping: Coronavirus Shifts Pricing Power to UPS and FedEx, and They Are Using It | W
Tech: Tech CEOs testify before House Antitrust Subcommittee: Recap | C
Tech: Qualcomm Inks Licensing Deal With Huawei Despite U.S.-China Tensions | W
Tech: Shopify’s Revenue Nearly Doubles as Covid-19 Pushes Shopping Online | W

Virus
US coronavirus: Nation could see deaths in the ‘multiple hundreds of thousands,’ group says | NN
Trump says U.S. is sending Texas 500 cases of remdesivir as coronavirus deaths hit record | C
FDA Nears Decision Authorizing Covid-19 Treatment With Convalescent Plasma | W
Quest says FDA cleared new ‘lab method’ that will cut coronavirus testing delays | C
Russia Seeks to Register First Covid-19 Vaccine in August | W

Cybersecurity
China Hacked Vatican Ahead of Negotiations, U.S. Cybersecurity Firm Says | W

Offbeat
‘Brushers’ Come Into Focus as Officials Test Packages of Mysterious Seeds | W

Jul 29 (Wednesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stocks Close Lower Amid Bevy of Earnings Reports | W
At Center of ‘Erratic’ Market Moves Is a Raging Recovery Debate | B

Credit & commodities
A trading tool that’s transforming the $10 trillion-plus corporate bond market | R
Pandemic Puts Pressure on Private Debt as Default Rates Rise | W
Here’s the best way to hedge the weakening U.S. dollar and buying gold isn’t the move | MW
Jim Cramer: Charts show gold prices are nearing a peak | C

Central banks
Fed announces extension in lending facilities until end of the year | R
Biden Urges Bigger Role for Fed in Addressing Racial Wealth Gap | W

US
Rising COVID-19 cases dent U.S. consumer confidence; housing market presses ahead | R
The homeownership rate jumps to the highest level since 2008 — but looks could be deceiving | MW
Why experts say the unemployment system is broken | C
Americans are driving older cars as workers stay home, economy slows | R

US policies & politics
Coronavirus-Stimulus Plan Splits Senate Republicans | W
Coronavirus stimulus updates: Next steps after Republicans release HEALS Act | C
Coronavirus stimulus updates: McConnell defends liability protections | C
U.S. lawmakers, Bank of America press small business agency to fix PPP lending data | R
Joe Biden vice president pick: Susan Rice emerges as serious contender | C
William Barr Defends Federal Deployments to Break Up Protests in Tense Hearing | W

Virus I
Moderna Covid Vaccine Protects Monkeys From Virus, Humans Next | B
Pfizer Sees Covid-19 Vaccine Needed Regularly, Long-Term | B

Virus II
U.S. Coronavirus Infections Fall Below 60,000 for Second Straight Day | W
Trump says he still thinks hydroxychloroquine works in treating early stage coronavirus | C
Trump Says Warnings Against Anti-Malaria Drug Were Political | B
After Reopening, Coronavirus-Hit States Chart Their Own Paths to Close Up Again | W

Industries & companies
Consumer: 3M’s Sales Drop Despite Demand for Face Masks, Cleaning Supplies | W
FAANGs: Zuckerberg to Focus on Competitive Threats in Antitrust Hearing | B
FAANGs: Facebook Offers Money to Reel In TikTok Creators | W
FAANGs: Apple China iPhone sales jump sharply in the second quarter | C
Media: ‘A Big Correction’: Pandemic Brings Change to ‘Bloated’ Ad Industry | N
Media: AMC, Universal Agree to Trim Theatrical Window Before Movies Go Online | W
Pharma: Trump to use Defense Production Act to turn Kodak into a pharmaceutical company | NN
Pharma: Kodak Shifts Into Drug Production With Help of $765 Million U.S. Loan | W
Pharma: Kodak soars another 50% after Trump announces deal to manufacture generic drug ingredients | C
Restaurants: Starbucks Logs Another Sales Hit From Coronavirus | W
Retail: Victoria’s Secret parent L Brands (LB) to cut 15% of corporate jobs | C
Tech: Chip Maker AMD Raises Sales Outlook as Intel Battle Heats Up | W

Offbeat
Najib Razak, Former Malaysian Prime Minister, Found Guilty in 1MDB Case | W
Back-to-College Plans Devolve Into a Jumble of Fast-Changing Rules | W

Jul 28 (Tuesday)

YRI
Morning Briefing PDF
Daily Markets

Markets
U.S. Stocks Close Higher to Start Week With Gains | W
A robust junk bond market gives stock investors confidence as worries about a market top increase | C
Powered by China, a Technology Benchmark Opens in Hong Kong | W
Dollar move signals new era of weakness for currency, as gold gains | C
Gold Prices Hit Record as Dollar Drops | W

Central banks
Two Republican Senators Will Oppose Shelton’s Fed Candidacy | W

US
U.S. manufacturing sector regaining momentum, rising COVID-19 threatens recovery | R
U.S. Orders for Long-Lasting Goods Gained in June | W
People Don’t Avoid Work When They Get $600 a Week From Unemployment | B
How has COVID-19 impacted Social Security — and will it ever recover? | MW
Jumbo Mortgage Rates Are No Longer the Cheapest Mortgages Around | W

US policies & politics
GOP to Release Coronavirus Aid Proposal After Delay | W
Republicans, White House seek $400 cut to weekly unemployment aid: report | R
Republican Jobless Plan Could Take Five Months to Execute | B
Biden Tax Plan Targets Profitable Companies That Pay Almost Nothing | W
Brian Brenberg: Democrats are using coronavirus stimulus as opportunity to push their big-government agenda | FO

Geopolitics & trade
U.S. reduces diplomatic staff in China after Chengdu closure | C

Industries & companies
FAANGs: Amazon CEO Jeff Bezos Faces Rare Test in First Testimony Before Congress | W
Retail: Walmart, Kroger Bottle Their Own Milk and Shake Up American Dairy Industry | W
Retail: Walgreens Says Stefano Pessina to Step Down as CEO, Become Chairman | W
Retail: The Rise and Fall of J.Crew | W
Retail: Under Armour reveals execs received ‘Wells notice’ over sales probe | C
Tech: Morgan Stanley M&A chief: Breaking up Big Tech doesn’t make sense | C
Tech: AMD vs. Intel shares: Traders debate which is the best bet | C
Wireless: Samsung Primed for 5G Foray as U.S., China Brawl Over Huawei | W

Virus I
US coronavirus: Early signs that new coronavirus cases may have hit a plateau | NN
Coronavirus outbreak show signs of slowing in Arizona, Texas and Florida | C
Miami medical teams feel helpless as COVID-19 devastates South Florida | R
Coronavirus Is Back With a Vengeance in Places Where It Had All but Vanished | W

Virus II
Moderna COVID-19 vaccine could be ready for use by end of year, U.S. says | R
Moderna’s Coronavirus Vaccine Begins Final-Stage Testing | W
Dr. Fauci isn’t ‘particularly concerned’ about Moderna coronavirus vaccine | C

Virus III
President Trump announces $265 million award to Fujifilm for coronavirus vaccine manufacturing | C
Biden Urges Vaccine Process Free from ‘Political Pressure’ | B
New Jersey gym owners arrested after defying coronavirus order: ‘We will not be backing down’ | C
Google employees work-from-home order extended to summer 2021 | C
DraftKings stock down as MLB postpones 2 games due to coronavirus | C
The Doctor Behind the Disputed Covid Data | N

Cybersecurity
Garmin Says Cyberattack Made Its Software Unavailable | W

Corporate finance
Ro raises $200 million at $1.5 billion valuation, $250 million sales | C

Offbeat
We’ll Be Wearing Masks for a While. Why Not Make Them Nice? | N
NASA will send a balloon the size of a football field to study the stars | NN
Another Covid-19 Problem for Companies: All This Working From Home Isn’t Cheap | W
Visa, Mastercard Fined Wirecard for Dubious Transactions | W

Jul 27 (Monday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Investors Set Aside Coronavirus Worries, Driving a ‘Melt-Up’ in Markets | W
China imports more oil from Saudi than any other country in June | R

Central banks
Why Growth in the Fed’s Asset Portfolio Has Paused | W

US
The jobless claims numbers are both better and worse than you may have read | MW
Here Are 32 Million Reasons Congress Must Extend Enhanced Jobless Benefits | BR
In Picking Up Work Here and There, Many Miss Out on Unemployment Check | N
America’s Innovation Engine Is Slowing
Fires and Pepper Spray in Seattle as Police Protests Widen Across U.S. | N

Europe
Pulling together – Europe’s €750bn rescue package sets a welcome precedent | E

US politics
Mnuchin says $1 trillion GOP coronavirus relief plan ready | C
Coronavirus relief: Kudlow says next round will include $1,200 stimulus checks, extension of eviction moratorium | C
Poll Finds Just 13% of Voters Still Up for Grabs for Trump, Biden | W

Emerging
Covid’s Next Economic Crisis: Developing-Nation Debt | W

Geopolitics & trade                                 
U.S.-China Relations Have Sunk to a New Low. What It Will Take to Worry Markets. | BR
Billionaire Investor Ray Dalio Warns of U.S.-China ‘Capital War’ | B
Don’t Ban TikTok. Make an Example of It. | N

Industries & companies
Airlines: At Boeing and Airbus, Finished Airplanes Pile Up | W
Biotech: These Companies Are Seeking a Cure for Sickle Cell. And It’s Just the Beginning for Some Gene Therapy Stocks. | BR
Energy: Hydrogen Stocks Have Hit Bubble Territory | BR
Financials: Wells Fargo Tightens Purse Strings to Ride Out Coronavirus Pandemic | W
Pharma: Corporate Insiders Pocket $1 Billion in Rush for Coronavirus Vaccine | N
Utilities: Risks Remain, but PG&E Looks Undervalued After Exiting Bankruptcy. Here’s Why. | BR

Virus I
Global coronavirus cases top 16 million | C
Florida now has more coronavirus cases than New York and California leads the nation | C
U.S. coronavirus deaths top 1,000 for four straight days | C

Virus II
A Big Unknown in Covid-19 Vaccine Development: How Long Will Protection Last? | W
Fauci tells MarketWatch his one big lesson from the COVID-19 pandemic — and why he won’t fly or eat out | MW

Virus III
Coronavirus: Students divided between on-campus and distance learning | C
It Takes a Lot of Covid-19 Tests to Keep a Movie Studio Open | W
Coronavirus in Texas: ‘You Do the Right Things, and Still You Get It’ | N

Corporate finance
Chevron’s Deal for Noble Energy Is Not Enough to Lift Oil Stocks | BR

Offbeat
Macroeconomics – Governments must beware the lure of free money | E
How the Child Care Crisis Will Distort the Economy for a Generation | PO
Tropical Storm Hanna flattens COVID-hit Texas coast | R
Ocean Plastic Is Getting Worse and Efforts to Stem the Tide Fall Short, Study Finds | W

Jul 25 (Saturday)

YRI
Morning Briefing PDF
Daily Markets

Market
S&P 500: Where the stock market may head next after bounce off March lows | C
Stock market today: Dow falls nearly 200 points, suffering first negative week in four as Intel slumps | C
Tech Heavyweights Pull U.S. Stocks Down | W
Why a Biden Presidency Could Be Bullish for Stocks | N

Commodities
Gold surges to record close as U.S.-China tensions escalate and coronavirus concerns rise | C
Shining brightly – Unusually, copper and gold prices are rising in tandem | E

US
Businesses Hit Hard by Pandemic Drive U.S. Jobs Recovery | W
US Evictions: Worst Yet to Come for Apartment Renters, Landlords | B
Mortgage rates just hit another record low | C

US policies & politics
Coronavirus stimulus update: What we know about the Republican relief bill | C
Stimulus checks: How soon to expect a second round of $1,200 payments | C
Democratic Dollars Force Republican Spending in Red States | W

Geopolitics & trade
Chinese fugitive taken into custody as US claims Houston consulate was a part of espionage network | NN
China Orders U.S. to Close Chengdu Consulate as Payback for Houston Move | W
U.S. officials would not say if they would close consulate in Chengdu, China | C

Industries & companies
Energy: Schlumberger Cuts 21,000 Jobs Amid Historic Oil Downturn | W
FAANGs: Closed Apple Stores could change iPhone buying habits, but there’s reason for hope amid pandemic | MW
FAANGs: Epic Games CEO Tim Sweeney: Apple ‘crippled’ App Store with 30% cut | C
Financials: American Express Reports $1.6 Billion in Provisions for Credit Losses | W
Financials: Bridgewater Associates Lays Off Several Dozen Employees | W
Pharma: Pharma stocks fall as Trump targets drug prices with executive orders | MW
Tech: The Tech-Backed Institute That Shapes How Governments Approach Big Tech | N
Tech: Tech Giants Aim to Solve West Coast Housing Shortage | W
Wireless: Verizon Revenue Drops as Coronavirus Slows Phone Shopping | W

Virus I
Dr. Fauci says coronavirus vaccine likely won’t be ‘widely’ available until months into 2021 | C
Covid-19 Poses More Risk to Patients With Chronic Illnesses—and That’s Bad for the U.S. | W
America’s Covid response is flawed. But even the gold standard nations are seeing big outbreaks | NN
Opinion: The Key to Defeating COVID-19 Already Exists. We Need to Start Using It

Virus II
This is the biggest mistake people make while wearing a face mask | MW
McDonald’s to Require Face Masks in U.S. Restaurants | W
CDC Issues Coronavirus Guidelines for Reopening Schools | W
As U.S. coronavirus surges, Trump officials press back-to-school plan | R
Kids at Home Could Put the Economy in Detention | W

Corporate finance
NRG Energy to Acquire Direct Energy for $3.6 Billion | W

Offbeat
Goldman Sachs Settles 1MDB Dispute With Malaysia for $3.9 Billion | W
Companies Start to Think Remote Work Isn’t So Great After All | W
Hurricane Douglas intensified into major hurricane as it moves toward Hawaii | NN

Jul 24 (Friday)

YRI
Morning Briefing PDF
Daily Markets

Markets
Stock market today: Stocks fall to session low, with Dow dropping 250 points as tech falters | C
The U.S. Dollar’s Overwhelming Role in a Crisis | W

Central banks
Romney Says He Will Oppose Shelton’s Fed Board Confirmation | B

US
US Economy Recovery Stalling in Covid Recession, Could Get Worse | B
The economy is in deep trouble again. Coronavirus is to blame | NN
Rise in Weekly Unemployment Claims Points to Faltering Jobs Recovery | W
400,000 Jobs Lost at Airlines During Coronavirus Pandemic | B
Coronavirus: Why housing prices are rising during the pandemic

China
‘They’d Find Fraud, Fraud, Fraud.’ | II
China Blasts Off on Its Long March to Look for Life on Mars | W

US policies & politics
Senate GOP to unveil coronavirus relief plan next week, Mitch McConnell says | C
That Extra $600 Weekly Unemployment Check Could Soon Become Less Generous | N
Federal agents’ use of force at protests faces internal U.S. government probes | R
Trump cancels parts of GOP convention set for Jacksonville, Florida, citing coronavirus | C

Geopolitics & trade
Trump Says China Trade Deal Means ‘Much Less to Me’ After Virus | B
U.S. Says Jet Fighter Came Close to Iranian Passenger Plane Over Syria | W

Industries & companies
Airlines: Southwest and American Trim More Flying | W
Autos: Tesla Prepares for Hiring Boom as Elon Musk Targets Manufacturing Expansion | W
Consumer: Unilever Capitalizes on Coronavirus Cleaning Boom | W
FAANGs: Amazon Met With Startups About Investing, Then Launched Competing Products | W
Healthcare: Walmart to open six health clinics in Atlanta area by end of 2020 | C
Materials: Aluminum Mills, Can Makers at Odds Over Tariff Exemptions | W
Media: NBC’s ‘The Blacklist’ turned to animation to finish its seventh season | C
Media: Disney delays ‘Mulan’ indefinitely, Star Wars and Avatar movies pushed back a year | C
Retail: Ann Taylor Owner Files for Bankruptcy, Plans to Close Up to 1,600 Stores | W
Social media: Twitter Adds More Users, but Revenue and Profit Fall | W
Tech: Intel Reports Profit Surge But Warns of Further Delays on Advanced Chips | W
Wireless: AT&T Profit Sags Under Pressure From Satellite TV, Covid-19 | W

Virus
U.S. Coronavirus Cases Surpass Four Million | W
Vietnam: Zero coronavirus deaths | C
Coronavirus face masks: Home-made coverings likely need multiple layers to prevent spread | C
Coronavirus pandemic: Updates from around the world | NN

Corporate finance
Mall owner Simon and Authentic Brands bid $305 million for Brooks Brothers | C

Technology
EV Maker Via Motors Is Said to Seek Funding at $1 Billion Value | B

Cybersecurity
Exclusive: More than 1,000 people at Twitter had ability to aid hack of accounts | R