April 15 (Wednesday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Dow jumps 500 points as coronavirus outlook improves C
Thirst for Oil Vanishes, Leaving Industry in Chaos W

Global
World Economy Is Likely in Recession W
G-7 Countries Back Debt Relief for Poorest If G-20 Join W

US
Worst-Case Fears of 20%-Plus U.S. Jobless Rate Are Now Realistic B
A Second Round of Coronavirus Layoffs Has Begun. Few Are Safe. W
Goldman says downturn will be 4 times worse than housing crisis, then an ‘unprecedented’ recovery C

Europe
The Bank Backstop: Can Europe’s Lenders Weather the Coronavirus Crisis? W

US politics
Trump’s Legal Power to Overrule States on Pandemic Is Limited W
New York Gov. Cuomo says Trump will have ‘no fight with me’ on coronavirus, but he’s ‘wrong’ on the law C
Small Business Loan Funds Running Out With Congress Stalled B
Small-Business Funding Dispute Challenges Community Lenders W
Barack Obama Endorses Joe Biden for President W

Industries & companies
Aerospace: Boeing customers cancel staggering 150 Max plane orders, deepening crisis as coronavirus roils air travel C
Autos: Tesla Stock Rides Seven-Session Winning Streak, Rising More Than 60% W
Consumer: Johnson & Johnson Lowers Revenue Forecast on Coronavirus Impact W
Financials: JPMorgan, Wells Fargo Profits Tumble as They Brace for a Recession W
Media: NBCUniversal ‘evaluating’ moving up nationwide Peacock launch from July 15, says Peacock chief C
Tech: Cisco will let customers defer 95% of their payments on new products until 2021 C

Corporate finance
Bank of America survey shows highest cash positions since 9/11 attacks, demand for end to buybacks C

Virus I
Coronavirus live updates: New York cases show signs of slowing, US airports see $10 billion in aid C
Jamie Dimon says US companies might send employees back to work by ‘June, July, August’C
Explainer: What is contact tracing and how can it help fight the new coronavirus? R
Explainer: How smartphone apps can help ‘contact trace’ the new coronavirus R
Coronavirus Turns 911 Calls Into Tracking ToolW

Virus II
GlaxoSmithKline, Sanofi Team Up for Vaccine W
Hospitals Monitor Some Coronavirus Patients at Home W
FEMA Joined Virus Fight With Posts Unfilled and Parent Agency Moving Funds to Immigration W
Prisoner Release Orders Spur Debate W