March 26 (Thursday)

YRI Express
Morning Briefing PDF 
Daily Markets Overview

Markets
Dow’s Rise Caps Its First Back-to-Back Gain Since February W
Appetite for Blue-Chip Corporate Bonds Improves Amid Market Stress W
Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero C

Central banks
Against Coronavirus, the Fed’s Banking Stress Test Doesn’t Look So Bad W

US
Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound C
Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies W
U.S. Income Tax Delay to Strain States W
California sees 1 million unemployment claims in less than two weeks C

China
Huawei Workers Return After Virus, but CEO Sees Financial Hit W

US politics
Bernie Sanders threatens to hold up coronavirus bill after 4 GOP senators push to cut unemployment aid C
Cuomo says Senate’s $2 trillion coronavirus bill would be ‘terrible’ for New York C
White House Scrambles to Develop Plan for Americans’ Return to Work W

Geopolitics & trade
U.S. Will Approve Some Delays in Tariff Payments Amid Coronavirus Crisis W

Industries & companies
FAANGs: Apple drops after report says company considers delaying next iPhone launch C
FAANGs: Amazon Closes U.S. Apparel Returns Warehouse Amid Worker Alarm B
Retail: Coronavirus Boosts Target’s Sales but Squeezes Profits W
Retail: Walmart to offer rent relief to shops within its stores and ease financing for suppliers C
Tech: Salesforce promises no ‘significant’ layoffs over the next three months, even with coronavirus spreading C

Virus I
Trump Says He Won’t Be ‘Rash’ in Reopening the Country B
WHO officials praise US leaders on coronavirus pandemic response: Trump is doing ‘all he can’ C
WHO Issues a Rare Public Scolding, Saying Countries Wasting Time B

Virus II
Coronavirus Cases Surpass 60,000 in U.S.; Spain Death Toll Overtakes China W
‘Most Since 9/11’: NYC Responders Deluged With Emergency Calls B
Idaho Gov. Brad Little issues stay-at-home order as more states tighten restrictions amid coronavirus outbreak C

Virus III
FDA warns consumers against fraudulent coronavirus tests, vaccines and treatments C
Drug shortage experts: What consumers need to know during the coronavirus pandemic C
SpaceX is making and donating hand sanitizer and face shields for the coronavirus effort, says internal email C

Technology
Tech’s Next Disruption Target: The Coronavirus W
Lacking Ventilators, Hospitals Seek Out an Alternative W

Corporate finance
Ford Becomes Largest Fallen Angel After S&P’s Cut to Junk B

Offbeat
Coronavirus Leaves Older Americans Cut Off: ‘We Have Been Trying to Fill That Void’ W
Job Hazard: Employees Don Masks, Meet Resistance W