April 16 (Thursday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Foreign Holdings of U.S. Treasuries Hit Record High in February B
Gas Is Super Cheap, But Pumps Stay Full With Fuel No One Is Buying B

Central banks
The Fed’s Main Street problem: Worries rise that money won’t go where it’s most needed C
Fed Beige Book says economy contracted ‘sharply and abruptly’ due to coronavirus C
Fed’s Latest Treasury Purchases Signal Liquidity Is Improving B

US
U.S. Economic Data Show Deep Hit in March, Collapse in April B
The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’ C
U.S. Factory Output Fell in March by the Most Since 1946 B
Small business loans top $296 billion and could reach the program’s limit by the end of Wednesday C
‘I can’t even get anyone to take my application’: Some small businesses are locked out of loan program C

Industries & companies
American Airlines CEO: ‘It certainly feels like we’re at bottom’ as revenue tumbles 90% C
Apple now sells five iPhones — here’s how to pick the right iPhone for you C

Virus I
Trump Abandons Task Force on Reopening U.S., Hosts Calls Instead B
New York moves to a ‘new normal’ as Gov. Cuomo outlines gradual reopening of businessesC
Merkel Announces Steps to Slowly Return Germany to Normal B

Virus II
New York Gov. Andrew Cuomo orders all people to wear face coverings in public C
Coronavirus updates: Executives warn more testing needed, Maryland requires masks while shopping C

Virus III
Senate Democrats seek $30 billion for national coronavirus testing C
Abbott announces new coronavirus antibody test that could do up to 20 million screenings in JuneC
1-in-7 New Yorkers May Have Already Gotten Covid-19 B