February 21 (Friday)

YRI Express
Morning Briefing PDF I Audio Excerpts
Daily Markets Overview

Markets
Dow falls more than 100 points after suffering a sudden midday sell-off that confused traders C
Wall St. eases, led by tech decline on mounting fears coronavirus could spread R
Traders Flock to Tech Options as Stocks Soar W

Central banks
Fed’s Clarida says U.S. economy is strong, still too soon to judge virus risk R

US
U.S. labor market remains strong; manufacturing likely stabilizing R

China
China State Custody of Once High-Flying Anbang Ends This Weekend B

US politics
Sanders’s Rise Sparks Comparisons to 2016 GOP Race W
Elizabeth Warren reverses her position on super PAC support as she seeks comeback C
Bloomberg Takes Defensive Posture W
Stone sentenced to 3-1/3 years, Trump signals no immediate pardon for adviser R
Trump Stews Over McCabe But Is Wary of Driving Barr to Resign B

Geopolitics & trade
The U.S.’s Next Trade War? As China Clash Cools, Conflict With India Looms. W
Outbreak will not change China’s commitments to buy U.S. goods: senior U.S. official R
Summit standoff as EU leaders grapple with Brexit-sized hole in budget R

Industries & companies
Autos: Tesla gets court approval to clear forest for German Gigafactory R

Corporate finance
Sprint and T-Mobile agree to give Deutsche Telekom higher stake in combined company C
Morgan Stanley to Buy E*Trade in Bid for Small Investors W
Warren Buffett Found His ‘Elephant’ With Giant Stake in Apple W

Cybersecurity
Cyberattack on NRC Health sparks privacy concerns about private patient records stored by US hospitals C

Offbeat
Opioid distributors propose $1 billion legal fee fund R