April 03 (Friday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Stock futures lower as indexes head for modest weekly losses C
Oil jump lifts Wall Street as jobless claims data surges R
Crude Leaps 25% on Hopes for End to Price War W
Trump’s Push for Huge Deal to Cut Oil Supply Draws Disbelief B
New Kind of U.S. Actively Managed ETF Starts Trading W

US
It could take 4 to 5 years for many Americans to recover wages lost to coronavirus C
Record 6.6 Million Americans Sought Jobless Benefits Last Week W
Job losses in March could be the worst in a decade, and that’s just the beginning C
Jobless Claim Surge Shows Pandemic Extending Its Grip W
Mortgage Defaults Could Pile Up at Pace That Dwarfs 2008 B

China
China’s New Coronavirus Policies Disrupt U.S. Air Cargo Operations W
Fresh Coronavirus Testing in China Finds More Symptomless Cases B

US politics
White House says small business lending program will be running Friday, even as JPMorgan says it’s not ready C
The Rush for $350 Billion in Small-Business Loans Starts Friday. Banks Have Questions. W
Government Doubles Interest Rate on SBA Loans After Banks Complain W
High Unemployment Numbers Show the CARES Act Is Doing Its Job
Democratic National Convention to Be Postponed Until Mid-August W

Industries & companies
Airlines: American Airlines cutting international summer schedule by 60% as coronavirus drives down demand C
Autos: Tesla soars on delivery numbers — company delivered 88,400 vehicles in Q1 C
FAANGs: Facebook expects to add 10,000 workers in product and engineering this year, says Sheryl Sandberg C
FAANGs: Amazon Has Hired 80,000 Workers Out of 100,000 Plan W
Industrials: GE to Furlough Thousands of U.S. Aviation Workers Due to Air Travel Slump W
Media: Disney to furlough non-union employees at theme parks, waives annual pass fees C
Pharma: Biotech Pioneer Amgen Joins Hunt for Coronavirus Drug W

Virus
U.S. Expected to Recommend Cloth Masks for Americans in Virus Hot Spots W
3M CEO Says Demand for N95 Masks Exceeds Its Capacity W
Trump Orders Output of Masks, Ventilators W
The Coronavirus Patients Betrayed by Their Own Immune Systems N
Defense department sees largest overnight spike in coronavirus cases C
Coronavirus Cases Top One Million Globally as Economic Toll Mounts W
The religious retreat that sparked India’s major coronavirus manhunt R

Technology
3-D Companies Tackle Coronavirus Supply Shortages W

Corporate finance
SoftBank Says It Won’t Buy WeWork Co-Founder Neumann’s Shares W
DOJ Probes Whether Taboola’s Deal to Buy Outbrain Would Harm Competition W