March 21 (Saturday)
YRI Express
Morning Briefing PDF
Daily Markets Overview
Markets
Dow tumbles 900 points to end Wall Street’s worst week since 2008 C
‘Sell-Everything’ Strategy Is Causing Massive Credit Turmoil B
Traders Dread Getting Sent Home as Markets Move Faster Than WiFi B
Bond-Market Strains Keep Traders on Edge W
OPEC, U.S. Shale Producers Open Talks Amid Oil Rout W
US
Analysts Slash GDP Estimates as Coronavirus Ripples Through Economy W
What Business Is Essential? Many Companies Want to Join That List W
Stimulus Talks Focus on Cash Payments, Unemployment Insurance W
‘I Have Bills I Have to Pay.’ Low-Wage Workers Face Brunt of Coronavirus Crisis W
IRS extends tax filing deadline to July 15 as coronavirus spreads, Mnuchin says C
US politics
Trump Says He Will Use Defense-Act Powers to Boost Coronavirus Medical Supplies W
Industries & companies
Airlines: Passenger Airlines Start Shifting Idled Planes Into Freight Business W
Airlines: Delta warns second-quarter revenue to fall $10 billion because of coronavirus C
Airlines: United warns of possible job cuts if government doesn’t act quickly on coronavirus aid C
Autos: Auto Dealers Saw Minor Dip in Demand, Then the Bottom Fell Out B
Energy: Tens of Thousands Are Getting Laid Off in the U.S. Shale Patch B
FAANGs: Alphabet self-driving car company Waymo suspends all driving operations in Phoenix and Detroit, internal memos show C
Financials: Bank stocks are ‘very cheap’ after sell-off, traders say — here’s where they see signs of stabilization C
Retail: ‘Do we still have to pay rent?’ Retailers grapple with closed stores and coronavirus C
Virus I
Illinois, New York, California Tighten Restrictions to Fight Coronavirus W
Cuomo orders most New Yorkers to stay inside — ‘we’re all under quarantine now’ C
UK PM Boris Johnson announces nationwide lockdown measures, telling cafes, pubs and restaurants to close C
Rise in Coronavirus Deaths Spurs Calls for Tighter Lockdown in Italy W
Amid Coronavirus Threat, U.S. and Mexico Restrict Border Crossings Except for Trade and Workers W
Virus II
Hospitals set up coronavirus tents, seek emergency credit and $100 billion in US aid as they face onslaught of cases C
Coronavirus live updates: WHO warns of health system collapse C
Hospitals are still scheduling elective procedures during coronavirus crisis, and frontline medical workers fear they’re infecting patients C
Virus III
WHO officials say at least 20 coronavirus vaccines are in development in global race for cure C
Novartis to donate malaria drug in fight against coronavirus C
As demand for coronavirus testing grows, Walmart and Walgreens will soon open drive-through sites for first responders C
Lessons for the Coronavirus Crisis From Six Other Disasters W
FDA says it won’t take action against manufacturers that start making hand sanitizer C
Corporate finance
McDonald’s suspended its $15 billion buyback program several weeks ago C
Macy’s taps $1.5 billion credit line, suspends earnings outlook and dividends amid coronavirus C
The Biggest Utility Bankruptcy in U.S. History Nears an End B
J. Crew Suspends Madewell Spinoff Needed to Cut Debt Load B
Occidental Holds Talks With Investors to Address Debt Pile B
