March 31 (Tuesday)
YRI Express
Morning Briefing PDF
Daily Markets Overview
Markets
Wall Street rallies, led by healthcare jump R
Stocks continue their rebound from coronavirus plunge, Dow jumps 3% C
Commodities
Oil drops more than 6% to 18-year low as global demand evaporates C
Wheat and Rice Prices Surge in Coronavirus Lockdown W
Bacon Left Out of Surge Beef and Eggs Are Getting From Lockdowns B
Central banks
The Fed Transformed: Powell Leads Central Bank Into Uncharted Waters W
Bostic: Fed programs could be broadened if they have missed important parts of economy R
Janet Yellen Says Too Much Corporate Borrowing Will Hinder Economic Recovery W
US
Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates
Coronavirus jobs survey: 49% of companies considering layoffs, more than one-third freezing new hires C
Kohl’s will furlough about 85,000 employees, Macy’s furloughs majority as retailers cope with significant sales losses C
Fiat Chrysler temporarily cuts pay by 20% for salaried workers amid coronavirus pandemic C
U.S. pending home sales rise 2.4% in February R
Visa Says Consumer Spending Has ‘Sharply Declined,’ Even Online B
How to Avoid Another Great Recession W
China
A New Shortage in China’s Coronavirus-Hit Economy: Jobs for Biggest Graduating Class in Years W
Hidden Chinese Lending Puts Emerging-Market Economies at Risk W
US politics
After Three Coronavirus Stimulus Packages, Congress Is Already Prepping Phase Four W
U.S. to finalize fuel efficiency rewrite through 2026: sources R
Industries & companies
Autos: Coronavirus drives U.S. March auto sales off a cliff R
Pharma: Johnson & Johnson to Begin Human Trials of Covid-19 Vaccine by September W
Retail: Some Instacart and Amazon Workers Stay Home, Calling for More Pay in Coronavirus Pandemic W
Tech: Microsoft jumps 7% as cloud services see pickup C
Virus I
U.S. Extends Shutdowns as Virus Strains Hospitals W
Coronavirus live updates: USNS Comfort’s arrival draws crowds, nearly half of all companies considering layoffs C
Photos of the field hospital being built in New York’s Central Park C
Trump says a nationwide coronavirus stay-home order was discussed – but is ‘pretty unlikely’ for now C
Inside Sweden’s Radically Different Approach to the Coronavirus W
Virus II
Ford, GE plan to produce 50,000 ventilators in 100 days C
US industrial giant 3M scrambles to meet demand for face masks as coronavirus spreads C
Medical Companies Win Approval for Rapid Coronavirus Tests W
Corporate finance
Banks Stuck With $23 Billion of Loans for T-Mobile’s Sprint Deal B
Offbeat
I’ve Worked From Home for 22 Years. Here’s What I’ve Learned. W
