March 25 (Wednesday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
Stock futures slip following a historic rebound as massive stimulus deal nears C
Does Tuesday’s huge rebound mark the bottom for markets? Investors says one key piece is missing C
Bond Downgrades Begin Amid Coronavirus Slowdown W

Global
Coronavirus Triggers Record Drops in U.S., European Business Activity W

Central banks
Federal Reserve Taps BlackRock to Purchase Bonds for the Government W

US politics
Coronavirus stimulus talks drag on after lawmakers said deal was close C
Steven Rattner on Stimulus: ‘Better to Go Too Quickly and Too Heavily’ W
Joe Biden’s business allies are pushing Kamala Harris, Amy Klobuchar as potential VP picks C

Industries & companies
Aerospace: Boeing plans to restart 737 Max production by May, sources say C
FAANGs: Apple’s Market Cap Drops Below $1 Trillion W
FAANGs: Amazon has been the king of big tech stocks during the coronavirus sell-off C
FAANGs: Amazon’s Bezos, Other Corporate Executives Sold Shares Just in Time W
FAANGs: Facebook Usage Soars, But Online Advertising Plunges W
Retail: Coronavirus Reveals Retail Haves and Have-Nots W
Retail: Nike sales beat analysts’ estimates, but earnings fall, hurt by coronavirus pandemic C
Retail: Nike Says Digital Orders Offset Coronavirus Retail Damage W

Virus I
U.S. could be next ‘virus epicenter’ as India locks down, global recession looms R
White House tells anyone who has left NYC that they should self-quarantine C
Coronavirus: New York City to release 300 nonviolent inmates from Rikers Island C
FEMA Pulls Back From Defense Production Act Amid Mixed Signals W

Virus II
Trump Hopes to Have U.S. Reopened by Easter, Despite Warnings W
Doctors warn coronavirus deaths could ‘skyrocket’ if restrictions are loosened as Trump wants C
CVS CEO Larry Merlo: Lack of protective gear for workers has slowed rollout of drive-thru testing C
FDA will allow doctors to treat critically ill coronavirus patients with blood from survivors C

Virus III
A Plan to Get America Back to Work N
This cure is killing economy, crushing dreams — we need to figure out a better way P
China’s Progress Against Coronavirus Used Draconian Tactics Not Deployed in the West W
Europe’s Economic Recipe for the Pandemic: Keep Workers in Their Jobs W

Corporate finance
SoftBank to Sell $41 Billion in Assets, Signaling End of Buying Spree W

Cybersecurity
Cybercriminals Sweep In to Take Advantage of Coronavirus W

Offbeat
Japan, IOC Agree to Postpone 2020 Olympics W
The New Front-Line Coronavirus Workers: Grocery Clerks, Delivery Drivers W
More Than 750,000 Masks Auctioned for Huge Markup While Hospitals Run Out B