April 25 (Saturday)

YRI Express
Morning Briefing PDF 
Daily Markets

Markets
Dow jumps more than 200 points as oil extends rebound, but posts first weekly loss in three C
Behind Oil-Market Gyrations: Few Places Left to Store Unwanted Crude W
Cash is king as U.S. quarterly reporting season gains steam R

Central banks
Fed Allows Banks to Eliminate Limits, Fees on Monthly Withdrawals From Savings Accounts W

US
U.S. Durable-Goods Orders Drop as Economic Outlook Sours W
Coronavirus Projected to Trigger Worst Downturn Since 1940s W
U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO R
California cities project 2-year losses of $6.7 billion C
The Coronavirus Economy Will Bring Inflation

Europe
Pressure Builds on Europe’s Fragile Banking System W

US politics
Trump Signs Stimulus Bill as Focus Shifts to State Funding W
As others cave, several public companies that took small business loans are not giving back the cash C
Dems Schumer, Cardin, Brown ask SBA to investigate report that loan program favored the wealthy C
Mnuchin Faces Tougher Tests After Praise for Opening Cash Spigot B

Geopolitics & trade
Opinion: Russia is the world’s biggest loser from oil’s crash, and that’s reason to worry MW
China sent team including medical experts to advise on North Korea’s Kim, sources say C

Industries & companies
Aerospace: Boeing pushes back target date for fixing 737 Max as coronavirus hinders progress C
Energy: The Oil Industry Doesn’t Need Government Protection
FAANGs: Facebook rolling out free video calling for up to 50 people C
FAANGs: Facebook’s $5 Billion Privacy Settlement Wins Court Approval W
Financials: Banks Could Prove Weak Partner in Virus Recovery W
Financials: American Express Says Coronavirus Pandemic Hit Volumes W
Media: Disney’s stock has value at these levels, trader says as Evercore ISI gets bullish C
Media: MGM reportedly cuts 7% of staff, United Artists Releasing furloughs one-third of its employees C
Wireless: Verizon’s Wireless Business Slowed by Coronavirus W

Virus I
U.S. Virus Death Toll Surpasses 50,000 W
Georgia Reopens but Many Businesses Stay Closed W
States Reopen for Business, but Many Big Chains Sit It Out for Now W
Japan Hopes Longer Holiday Marks End of Virus Lockdown B

Virus II
FDA Issues Warning on Chloroquine W
Leaked White House emails reveal behind-the-scenes battle over chloroquine in coronavirus response C
Trump tries to walk back speculation about injecting disinfectants to fight coronavirus C
Lysol Maker Warns Against Internal Use of Disinfectants After Trump Comments W

Virus III
Coronavirus live updates: California launches meal delivery program for seniors, US death toll tops 50,000 C
Bill Gates: ‘I wish I could say that we’re halfway through’ coronavirus pandemic C
U.S. Is Reeling Toward Meat Shortages and the World May Be Next B

Corporate finance
Hertz Hires Advisers for Restructuring Talks With Lenders W

Offbeat
As working from home becomes more widespread, many say they don’t want to go back C
First-Ever Remote NFL Draft Draws 15.6 Million Viewers, a Record W
From Running and Fiction to Baking and Videogames: Social Networking Goes Niche W