April 07 (Tuesday)
YRI Express
Morning Briefing PDF
Daily Markets
Markets
Dow rallies nearly 1,200 points as US coronavirus case growth rate appears to slow down C
Dow Industrials Rise About 6% W
Equities Surge, Bonds Decline on Easing Virus Toll B
Wall Street bounces back from a steep sell-off. Here’s what to expect next C
Investors should prepare for a ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan MW
Commodities
Oil drops 8% amid uncertainty over production cuts C
OPEC Seeks to Rally Producers Over Fears of Filled Storage W
Central banks
Fed Preparing to Purchase New Small Business Payroll Loans W
New York Fed Says Commercial Paper Facility Will Launch April 14 W
US
Jamie Dimon warns: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis C
Janet Yellen says second-quarter GDP could decline by 30% and unemployment is already at 12%-13% C
Europe
Germany Plans ‘Limitless’ Credit Program for Small Companies B
US politics
Many Americans say $1,200 stimulus checks won’t be enough. What it would take to get more money C
Opinion: Congress should send everyone a $1,200 check every month MW
Coronavirus prompts government to loosen rules on tapping retirement savings
Trump Risks U.S. Jobs While Saving Apple’s at Austin Factory B
Pelosi, Democrats using coronavirus to push for big tax cuts for blue state residents
US politics II
Kudlow Says He Proposed ‘War Bonds’ for Coronavirus to Trump B
Stampede for emergency loans is crushing lenders, putting millions of small businesses at risk C
Restaurants, Hotels Won Ability to Get Small-Business Help W
Industries & companies
Financials: Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO C
Financials: Bank of America sees booming rescue loan demand, with applications for nearly 10% of program C
Financials: Car Insurers Give Millions in Coronavirus Refunds W
Real estate: Tom Barrack on the Crisis in the Commercial Real Estate Market B
Utilities: PG&E’s Settlement With California Fire Victims Is Fraying W
Virus I
WHO says coronavirus vaccine and treatment research has ‘accelerated at incredible speed’ C
Trump Pushes Broader Use of Hydroxychloroquine Against Coronavirus W
Scientists Rush to Find Coronavirus Cure—but it Still Isn’t Fast Enough W
Here’s Why President Trump Should Love Face Masks W
Virus II
WHO says the coronavirus can spread one to three days before symptoms start C
CDC says three kids have died from suspected coronavirus in US as some children get severely sick C
The Coronavirus Pandemic Is Not Exponential
Virus III
South Korea Tamps Down Coronavirus, but Economy Remains Paralyzed W
After Coronavirus Successes, Asian Nations Forced to Tighten Curbs W
UK Prime Minister Boris Johnson in intensive care after coronavirus condition ‘worsened’ C
Virus IV
U.S. Death Toll From Virus Tops 10,000 W
Cuomo Says New York Deaths Signal Possible Plateau in Outbreak B
NY Gov. Cuomo doubles max fine for breaking coronavirus rules to $1,000 as cases rise C
NY Gov. Cuomo will ask Trump to allow coronavirus patients on Navy ship Comfort C
Virus V
Shipping Delays? Amazon Isn’t the Only Shop Online W
Coronavirus Hits Meat Plants W
For Grocers, Eggs Are Getting More Expensive W
Corporate finance
The No. 1 Source of Stock Demand Is a Goner, for Years to Come B
Offbeat
NYC education department tells principals to stop using Zoom, citing privacy concerns C
Spies, Unable to Telework, Adapt Their Access to U.S. Secrets W
FAA Devises Novel Strategies to Keep Air-Traffic Control Centers Running W
