February 24 (Monday)

YRI Express
Morning Briefing PDF I Audio Excerpts
Daily Markets Overview
(also see new Chart of the Day below)

Virus
Concern over coronavirus spread as cases jump in South Korea, Italy and Iran R
Coronavirus fears spoiled a solid earnings season and will further dominate markets ahead C
Coronavirus Could Cut $1.1 Trillion From the Global Economy This Year, According to One Estimate BR
G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup R
The Virus Is Interrupting Supply Chains From Watches to Lobsters B
Peter Navarro Says Coronavirus Shows U.S. Offshored Too Much B

Markets
There’s a Hint of Euphoria in the Air. Time to Prepare for the Next Correction. BR
Here’s how to tell a bear market is coming, according to BofA C
Buffett says it’s ‘almost certain’ stocks will beat bonds over long term if rates, taxes stay low C
The Bond Rally in Emerging Markets May Not Be All That It Seems B

Central banks
Kuroda says BOJ will be ‘fully prepared’ to act on virus risk R

US
Inflation Isn’t Missing From the U.S. Economy. You Just Need To Know Where to Look for It. BR

China
Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast B

US politics
Bernie Sanders Says as President He Would Meet With Dictators B
Trump accuses Schiff of leaking intelligence about Russia to hurt Sanders R
Buttigieg campaign calls on Nevada Democrats to address alleged irregularities in caucuses C

Industries & companies
Financials: Wall Street Is Taking Over Main Street. Morgan Stanley’s Deal for E*Trade Heats Up the Race. BR
Industrials: Caterpillar Stock Looks Cheap. It’s Time to Build a Stake. BR
Media: Here’s how NFL TV rights are expected to shake out for the rest of the decade, according to sources C
Wireless: There’s a 5G Showdown Brewing. Intelsat Stock Could Be a Casualty. BR

Corporate finance
TurboTax maker Intuit near deal to buy Credit Karma for $7 billion, WSJ reports C

Offbeat
Trump braces for a beef-free menu in India NN
Baby Yoda busting out at Toy Fair New York NN