March 12 (Thursday)
YRI Express
Morning Briefing PDF I Audio Excerpts
Daily Markets Overview
Markets
Dow Jones Industrial Average’s 11-Year Bull Run Ends W
As S&P 500 selloff approaches 20%, what next? R
China Stock Market Turns Defensive In Sign Sentiment Is Shifting B
Credit & commodities
Treasury Yields Climb to Cap Day of Wild Swings W
Japanese Go on Record Shopping Spree for Overseas Bonds B
Saudi Arabia’s Crown Prince Tanked Oil Markets. Here’s the Back Story. W
U.S. crude output growth to slow, oil prices to slump R
Don’t Be Fooled By The Oil Price Rebound
Central banks
Lagarde Set for All-Out ECB Action on Virus: Decision Day Guide B
Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post R
US
Economists Start Forecasting Negative U.S. GDP Numbers on Coronavirus B
Citigroup’s Corbat says ‘this is not a financial crisis’ during Trump meeting with Wall Street execs C
Trump’s Answer to the Oil Crash Could Be a Tax on Saudi Crude B
Coronavirus May Light Fuse on ‘Unexploded Bomb’ of Corporate Debt N
US politics
Trump’s radical plan to waive payroll tax would punch hole in Social Security, Medicare budgets R
Treasury recommends Trump Administration delay the April 15 tax deadline C
Industries & companies
Aerospace: Boeing halts hiring, limits overtime to preserve cash, stock falls most since 1974 C
Autos: Coronavirus raises fears of U.S. auto sales slowdown, but production not suffering yet R
FAANGs: Amazon Battles Counterfeit Masks, $400 Hand Sanitizer Amid Virus Panic W
Financials: ‘Rent-a-Banks’ Defy States’ Growing Efforts to Curb High-Cost Lending W
Health Care: Opinion: As Bernie Sanders is essentially finished, health-care stocks are screaming buys MW
Pharma: Coronavirus Spurs U.S. Efforts to End China’s Chokehold on Drugs N
Travel: Travel industry could lose $24 billion as coronavirus cripples tourism from outside US C
Virus I
Coronavirus Declared Pandemic by World Health Organization W
Trump cancels all US travel to and from Europe NN
After Containment Fails, Italy’s Neighbors Shift to Epidemic Management W
Italy Shuts Down All Non-Essential Services as Virus Toll Rises B
China shuts all 16 temporary coronavirus hospitals in Wuhan P
Exclusive: White House told federal health agency to classify coronavirus deliberations – sources R
Lack of Sick Time Worries Workers as Coronavirus Looms W
Amazon Expands Coronavirus Sick-Leave Policy W
Amazon and Gates Foundation may team up to deliver coronavirus test kits to Seattle homes C
Virus II
Coronavirus disrupts U.S. schools, sports, late-night television R
CME Group to close Chicago trading floor as a precaution due to coronavirus C
Stop the Music: South by Southwest Coronavirus Cancellation Reverberates Through Economy W
NCAA March Madness basketball games will be played without fans C
Offbeat
The Wealth and Health of Nations
How to Stock Up for Coronavirus Without Getting Fleeced W
Sorry, but Working From Home Is Overrated N
