March 24 (Tuesday)
YRI Express
Morning Briefing PDF
Daily Markets Overview
Markets
Dow futures rise more than 300 points as Senate haggles over virus bill C
Dow sheds another 3% after coronavirus stimulus bill fails in Senate for a second time C
This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression C
Bond Markets Embrace Fed’s Latest Debt-Buying Programs W
Consumers could spend $20 billion less for gasoline this April as prices collapse in futures market C
Central banks
Fed aims ‘bazooka’ to backstop coronavirus-hit economy R
The Federal Reserve just pledged asset purchases with no limit to support markets C
The Fed is going to buy ETFs. What does it mean? MW
Fed surprises market with program to support corporate bonds amid coronavirus pandemic C
US
Companies Race for Cash in Coronavirus Crisis
CVS plans to hire furloughed workers from its customers as companies get creative during coronavirus
Europe
European Consumers Despondent as Lockdowns Spread W
US politics
No more votes expected Monday after Senate coronavirus stimulus bill fails again C
Industries & companies
FAANGs: Facebook is offering employees up to a month of paid leave to care for sick family members C
Industrials: GE to Cut 10% of Aviation Workforce as Coronavirus Grounds Airliners W
Tech: Twitter pulls first quarter guidance due to coronavirus C
Utilities: PG&E to Plead Guilty to Manslaughter Charges in Deadly California Wildfire W
Virus I
Coronavirus pandemic is accelerating as cases eclipse 350,000, WHO says C
UK Prime Minister Boris Johnson orders Britons to stay at home to halt spread of coronavirus C
Washington state Gov. Jay Inslee issues stay-at-home order amid the coronavirus outbreak C
Virus II
Trump Mulls Easing Social Distancing to Boost Economy W
Trump says businesses could reopen — soon — while fighting coronavirus C
Coronavirus Exacts Mounting Toll on Industry W
Grocers Stopped Stockpiling Food. Then Came Coronavirus. W
Inside the South Korean Labs Churning Out Coronavirus Tests W
Virus III
New York, New Jersey coronavirus ‘attack rate’ is 5 times higher than rest of US, top official says C
US health officials say 147 nursing homes have at least one resident with coronavirus C
One Nursing Home, 35 Coronavirus Deaths: Inside the Kirkland Disaster W
CDC says coronavirus survived in Princess Cruise ship cabins for up to 17 days after passengers left C
Corporate finance
SoftBank to Sell $41 Billion in Assets, Signaling End of Buying Spree W
Offbeat
As coronavirus forces millions to work remotely, the US economy may have reached a ‘tipping point’ in favor of working from home C
Internal memos by chief surgeon at New York-Presbyterian Hospital revealed new details about the coming threat
How volunteers from tech companies like Amazon, Apple and Google built a coronavirus-tracking site in six days C
Blood donations needed during coronavirus pandemic C
SEC warns on coronavirus insider trading after stock sales by NYSE chair, his wife Sen. Loeffler, 3 other senators C
