April 10 (Friday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
S&P 500 jumps more than 1%, capping off its best week since 1974 C
Fed Moves Spark Corporate Bond Rally W
OPEC and allies agree to historic 10 million barrel per day production cut C

Central banks & credit
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy C
Fed Has Firepower to Do More Even After $2.3 Trillion Aid Blitz B
‘Where No Fed Has Gone’: Wall Street Reacts to Muni-Debt Program B
Powell Says Fed Will Act ‘Forcefully’ to Help U.S. Recovery B
Coronavirus Crisis Legacy: Mountains of Debt W

US
Economic Data Spur Debate Over Lifting Virus Restrictions W
U.S. Jobless Claims Soar for Third Straight Week W
Las Vegas Job Losses Could Double Those of 2007-09 Recession W
A Month Ago, They All Had Stable Jobs. Now They Want to Work for Amazon. W
Frozen Housing Market Relies on Bargains and Desperation B
Ray Dalio predicts a coronavirus depression: ‘This is bigger than what happened in 2008’ C
Postal Service Warns of $22 Billion Hole From Coronavirus W

Europe
EU Finance Ministers Agree to Funding to Cushion Impact of Coronavirus W

US politics
GOP, Democrats Hit Impasse Over Nature of Next Round of Aid W
Joe Biden Seeks to Unite Democrats With New Policy Proposals W
Progressive groups push Biden to keep Wall Street out of White House C

Geopolitics & trade
U.S. Officials Target Chinese State-Owned Telecom Provider W

Industries & companies
Retail: Walmart hires 100,000 to meet demand, as toilet paper and sewing machines fly off the shelves C

Virus
Global Virus Cases Top 1.5 Million W
In Washington, Why the Predicted Coronavirus Surge Hasn’t Hit W
Haywire Immune Reaction Linked to Severe Virus Cases W
Prisoners Riot as Coronavirus Tensions Rise W

Virus II
Pfizer’s lead coronavirus drug is showing promise, chief scientific officer says C
Database of Medical Records Would Create a Coronavirus Registry W
Chinese Doctors at Coronavirus Hub Cast Doubt on Chloroquine as Cure W
Faulty N95 Masks Hamper Hospitals W

Virus III
U.S. Exploring Coronavirus Testing for Food Plants W
Amazon says it could soon begin testing some warehouse workers for the coronavirus C
Farmers Dump Milk, Break Eggs as Restaurant Closings Destroy Demand W

Cybersecurity
Travelex Paid Hackers About $2.3 Million After Attack W

Offbeat
Air pollution drops 30% in Northeast US as coronavirus lockdown slows travel: NASA C
Morgan Stanley CEO Recovered From Coronavirus W
Harvard University Taps Credit Markets for Up to $1.1 Billion B