April 24 (Friday)
YRI Express
Morning Briefing PDF
Daily Markets
Markets
Stocks rise in volatile session as investors assess Gilead virus treatment, oil rebound C
Short sellers make nearly $300 million betting against retail investors’ favorite oil fund C
Oil rallies more than 40% in two days as it comes back from record lows C
How negative oil prices could set the stage for the next price boom NN
Biggest Oil ETF ‘Almost Unanalyzable’ After Ditching Disclosures B
One Pipeline Giant Is Looking to Stash Oil In Its Lines B
Central banks
Fed Focuses on Lending Programs, but Monetary Policy Deliberations Loom W
U.S. Fed balance sheet increases to record $6.62 trillion R
Global
Global Economy Hit by Record Collapse of Business Activity W
US I
The US economy has wiped out all the job gains since the Great Recession C
These are the states getting hit the hardest with job losses from the coronavirus pandemic C
4.4 Million Sought Jobless Benefits W
The Debt Is Soaring; Debt Risks Are Not W
US II
Getting a Mortgage-Payment Break Isn’t the Boon Many Expected W
Housing demand may have started to bounce back from coronavirus impact C
‘Payment status not available’: For many, IRS stimulus payment website raises a lot of questions C
Millennials Are the Battered-and-Bruised Generation B
More Cooking, Less Shampooing: The Coronavirus Consumer Emerges W
Europe
EU agrees budget, recovery plan needed to beat coronavirus impact C
US politics I
House Approves $484 Billion Bill to Aid Small Businesses, Hospitals W
US issues new guidance for small business loans, pressures public companies to return funds C
JPMorgan tells small business customers to apply with other banks on fear that funds will run out C
Ruth’s Chris Steakhouse owner says it will repay $20 million in small business loans C
US politics II
Larry Summers Advising Biden Campaign on Economic Recovery B
States Should Not Receive Bankruptcy Protection
Ousted vaccine doctor felt pressure to rush possible treatment after Trump spoke to Oracle’s Ellison C
Industries & companies
Autos: Battered automakers lure buyers with steep incentives C
FAANGs: Amazon Scooped Up Data From Its Own Sellers to Launch Competing Products W
FAANGs: Google to Require All Advertisers to Identify Themselves W
Pharma: Gilead Tumbles After Latest Data Leak on Virus Drug Trials B
Pharma: Drugmakers Prepare to Make Coronavirus Treatments W
Retail: Grocers Hunt Meat as Coronavirus Hobbles Beef and Pork Plants W
Tech: Intel’s Earnings Rise as It Profits From Work-at-Home Computing Demand W
Virus I
Gates: The first modern pandemic
The Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System
Virus II
Trump Muddles His Virus Response While Public Support Slides B
U.S. states test safety of reopening as pandemic pushes jobless claims higher R
New York antibody study estimates 13.9% of residents have had the coronavirus, Gov. Cuomo says C
New York City’s top health official says confirmed coronavirus cases are ‘tip of the iceberg’ C
Virus III
Coronavirus Dies Fastest Under Light, Warm and Humid Conditions B
Lilly to Start Testing Experimental Drug Soon W
What If You Go Back to the Office and Get Covid-19? B
Coronavirus live updates: Elizabeth Warren’s brother dies from Covid-19, malaria deaths could double C
Corporate finance
Sports-Betting Operator DraftKings Set to Go Public W
Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say R
