April 28 (Tuesday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stock market today: Dow surges 350 points on hope of economy reopening, closes above 24,000 C
Oil Slides With Rising Glut Spooking Investors W
The Reach for Yield Survives Coronavirus Market Shock W
Coronavirus Shutdown Weighs on Higher-Risk Muni Issuers W

Central banks
The Federal Reserve Is Changing What It Means to Be a Central Bank W
Fed Has Big Decision to Make About Giving More Guidance on Rates B
The Fed won’t move on rates, but here are some other things it could do C
Fed to Extend Loans to More Cities, Counties W

US
Coronavirus: Small essential business owners fight for survival C
Small-Business Loan Program Resumes With Reports of Delays W
Americans on Cusp of Meat Shortage With Food Chain Breaking Down B

China
China Toughens Procurement Rules for Tech Equipment W

US politics
House Speaker Nancy Pelosi Endorses Joe Biden for President W

Geopolitics & trade
Commerce Department Tightens Rules on Exports to China W

Industries & companies
Aerospace: Boeing CEO Sees Slow Recovery for Global Aviation W
Aerospace: Coronavirus: Boeing to resume Dreamliner production in South Carolina next month C
Airlines: American Airlines will give face masks to passengers, require them for flight attendants amid coronavirus C
Autos: Detroit Car Makers Target May 18 U.S. Restart Date W
FAANGs: Apple Delays Mass Production of 2020 Flagship iPhones W
Retail: Coronavirus: Curbside pickup at retail stores surges 208% C

Virus I
States Move to Ease Lockdowns as Global Cases Top 3 Million W
Trump coronavirus strategy: White House claims most testing groundwork done C
Trump Administration Has Enough Tests for 2% of Each State’s Population, Official Says W
North or south, red or blue – states shut down their economies at about the same pace, CNBC analysis shows C
For a Glimpse at What Reopening Looks Like, Head to Waffle House B

Virus II
The Secret Group of Scientists and Billionaires Pushing a Manhattan Project for Covid-19 W
Coronavirus Lingers in Air of Crowded Spaces, New Study Finds B
Vaccine Could Potentially Be Available Later This Year, Coalition Says B

Virus III
Japan’s Coronavirus Cases Fall Sharply Without Compulsory Measures W
European Hospitals Hit Hard by Coronavirus Fear a Resurgence W
Pork Industry, USDA Discuss Euthanizing Hogs After Coronavirus Closes Plants W

Corporate finance
Saudi Arabia buys $500 million stake in coronavirus-hit Live Nation C
Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America W

Offbeat
Charlie Munger will not take questions at Berkshire’s annual meeting C
Biggest Hurdle to Bringing People Back to the Office Might Be the Commute W
Hollywood has gone dark, and it’s crushing thousands NN