April 17 (Friday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Dow futures rally 700 points after report says Gilead drug showing effectiveness against coronavirus C
Stocks vulnerable to another 20% downdraft, investor Peter Boockvar warns C
Big Gains in Havens Stoke Worries About Stock-Market Pullback W
Oil Demand Will Fall by a Fifth in April, OPEC Forecasts W

Global
U.S. Endorses G-20 Plan on Debt Suspension for Low-Income Economies W

Central banks
Unusual partnership in coronavirus bailout allows Fed and Treasury to share the risk C
Fed’s Harker says lost jobs will come back, but US should be patient C

US
Millions unemployed, homebuilding collapses as coronavirus ravages U.S. economy R
Small business rescue loan program hits $349 billion limit and is now out of money C
Fed’s Bostic: U.S. small business may need up to $500 billion monthly in support through crisis R
Fintech Lending to Small Businesses Faces Coronavirus Obstacles W

China
China’s virus-hit economy set to post first decline since at least 1992 R

Industries & companies
Aerospace: Boeing plans to resume Seattle-area aircraft production with physical distancing to avoid coronavirus C
FAANGs: Amazon Retools With Unusual Goal: Get Shoppers to Buy Less Amid Coronavirus Pandemic W
Financials: Morgan Stanley Quarterly Profit Drops 30% W
Health-Care: Health-Care Industry in Tug-of-War Over Coronavirus Aid W
Industrials: GE, Ford sign $336 million federal contract to make ventilators for coronavirus outbreak C
Pharma: Gilead stock pops 16% after report says coronavirus drug trial shows encouraging early results C
Real estate: The New York retail real estate market is reeling because of coronavirus, as rents tumble C
Tech: Microsoft stock is up because businesses want secure video conferencing, says Robert Herjavec C
Tech: Zoom Hires Security Heavyweights to Fix Flaws W

Virus I
New York and other East Coast states extend shutdown of nonessential businesses to May 15, Gov. Cuomo says C | Federal Guidelines
Governors Extend Lockdowns as Global Cases Top 2.1 Million W
The US economy can’t reopen without widespread coronavirus testing. Getting there will take a lot of work and money C

Virus II
Moderna Gets U.S. Funding for Development, Manufacturing of Experimental Coronavirus Vaccine W
EU Backs Coronavirus Contact-Tracing Apps Similar to Apple-Google Proposal W
Exclusive: FDA may have dropped standards too far in hunt for chloroquine to fight coronavirus – sources R
China’s Export Restrictions Strand Medical Goods U.S. Needs to Fight Coronavirus, State Department Says W

Virus III
US Navy hospital ship will see patients from Philadelphia area amid coronavirus pandemic C
Supermarkets Adjust Meat Sections as Coronavirus Cuts Supply W

Cybersecurity
Foreign state hackers target U.S. coronavirus treatment research: FBI official R

Offbeat
Khan Academy founder: Balance between in-person, online learning could be ‘silver lining’ of crisis C
Science projects to do at home while on coronavirus lockdown P