April 20 (Monday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Prescient or Pollyannaish?: Explaining the Market’s Rally W
‘Sell in May and go away’ is a warning to stock investors now more than ever MW
The Best Mutual Funds May Soon Come in ETF Form BR

Credit & commodities
Bond Market Devouring Record Gulf Debt Won’t Touch Oman, Bahrain B
Fall of Natural Gas Prices Speeds Energy Shift in East Asia W
Weak Currencies Could Drag on Emerging Market Stocks  BR

US
Mnuchin, Pelosi close to deal on PPP small business loans C
Which Big Companies Are Eligible for Small Business Fund Relief? B
Flaws in America’s Plan to Save Midsize Business Portend More Trouble N
Why Business Won’t Snap Back So Easily After the Great Reopening BR
Young Americans Are Still Catching Up From the Last Recession. Now They Face a New One. W
Coronavirus: What Americans are buying online while in quarantine C

China
China’s Small Companies Are Beating Almost Every Market. Here Are The Best Sectors. BR

Europe
Europe Slowly Emerges From Coronavirus Lockdown  W
Europe needs at least 500 billion euros from EU institutions for recovery: ESM R

Geopolitics & trade
US says China should stop ‘bullying behavior’ in South China Sea C
North Korea Raises Millions Through Hacking, Smuggling, U.N. Report Finds W

Industries & companies
Autos: Ford’s CEO Says Its Cars Will Be Built to Kill Viruses BR
FAANGs: Apple shares sink after Goldman predicts big drop in iPhone sales P
Financials: Some banks won’t press on card payments for now P
Health-care: Coronavirus Has Ushered in the Telehealth Revolution. Which Stocks to Play It. BR
Media: Live Sports Are Canceled. But Don’t Expect a Cable-TV Refund. W
Media: Baseball Without Fans Sounded Crazy. It Might Just Work. W
Pharma: Big Pharma Sees Its Strengths Surface in the Pandemic BR
Retail: Walmart hiring 50K new employees to meet coronavirus demand P
Retail: Coronavirus, retail closures speed the rise of Amazon C
Tech: Big Tech’s Resilience to Coronavirus Downturn Faces First Test W

Virus I
Trump’s Coronavirus Focus Shifts to Reopening Economy, Defending His Response W
Trump’s coronavirus reopening plan has big holes, health experts say R
As New York ramps up coronavirus testing, governors tell Trump it’s too soon to reopen America R
Coronavirus: Maryland Gov. says it’s ‘absolutely false’ states are ready to reopen C
More Americans Fear Lifting Coronavirus Restrictions Too Soon, WSJ/NBC Poll Says W

Virus II
The stock market is rising on hope for a pharma solution to coronavirus — here’s how close we are C
A Covid-19 Vaccine Could Take Longer Than Investors Expect BR
Does Covid-19 Infection Equal Immunity? W
Microsoft ‘plasmabot’ encourages Covid-19 survivors to donate plasma C
Coronavirus tests delayed by Covid-19 contamination at CDC lab C

Virus III
How Sweden Is Fighting Coronavirus B
As Politicians Lean on Disease Modelers in Health Crisis, Some Scientists Fear a Backlash W
After Repeated Failures, It’s Time To Permanently Dump Epidemic Models
Coronavirus: Walmart to require associates to wear masks at work C
Experts say it may be time for grocery stores to ban customers from coming inside NN
U.S. Pays High Prices for Masks From Unproven Vendors in Coronavirus Fight W
Tools to Help You Keep Your Distance as More People Go Outside W

Corporate finance
24 Hour Fitness weighs bankruptcy amid coronavirus pandemic C