May 04 (Monday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Dow futures fall more than 300 points amid concerns over reopening the economy C
Stocks Keep Rallying Despite Obscured Economic Outlook W
Covid-19 Is Creating a Different Kind of Debt Crisis. But Some Stocks Look Like Buys. BR
The U.S. Wants to Stabilize Oil Prices. It Might Be Too Late. BR
Oil’s Crash Prompts Record Push to Store Fuel at Sea W

Central banks
Fed Won’t Use Stimulus Aid to Push Libor Replacement W

US
The Economic Recovery Rests on Getting Consumers to Spend. It Won’t Be Easy. BR
Kudlow says third round of PPP small business loans might be needed as demand soars C
Lobbyists Press Congress for Last Chance at Stimulus Funds W
Pentagon, Treasury Have $17 Billion to Lend, But There’s Little Interest W

Geopolitics & trade
Global Brands Need China’s Consumers to Spend. They Might Have to Wait. W

Industries & companies
Agriculture: Wasted milk, euthanized livestock: Photos show how coronavirus has devastated US agriculture C
Airlines: Warren Buffett gave airlines another go. Coronavirus was a problem he couldn’t stomach C
Autos: Pent-Up Demand Likely to Increase Luxury Auto Sales BR
Autos: Used-Car Prices Are Plunging. So Why Is Carvana’s Stock Soaring? Time for a Rethink. BR
Energy: 10 Energy Stocks to Buy Now, According to Barron’s Experts BR
Energy: 10 Energy Company Bonds That Could Reward Investors BR
Insurance: Major Blue Insurer to Get Nearly $2 Billion in ACA Payouts W
Media: Americans are paying for TV sports they’re not receiving, but don’t expect to get a refund any time soon C
Media: Sports Will Return Eventually. These 2 Stocks Are Poised to Benefit From The Rebound. BR
Retail: Retail Brands That Could Thrive Postpandemic BR

Virus I
Trump says he believes there will be a coronavirus vaccine ‘by the end of the year’ C
The US just reported its deadliest day for coronavirus patients as states reopen, according to WHO C
Smart or Lucky? How Florida Dodged the Worst of Coronavirus W
Construction Work Resumes Amid Weak Demand W

Virus II
Gilead CEO says remdesivir available to coronavirus patients this week: ‘We’ve donated the entire supply’ C
Researchers Explore Using Common Blood-Plasma Treatment to Fight Virus W
Pressure Is Mounting on Regulators as Covid-19 Drug Efforts Race Ahead BR

Virus III
Pompeo says ‘significant’ evidence that new coronavirus emerged from Chinese lab R
US intelligence documents accuse China of covering up coronavirus outbreak severity to hoard supplies C
Cuomo calls PPE shortages a national security issue: ‘You can’t be dependent on China’ C
Low-Quality Masks Infiltrate U.S. Coronavirus Supply W
Safety Advice for Reopening: How to Reduce Your Risks as Coronavirus Lockdowns Ease W

Offbeat
Buffett Says ‘American Magic’ to Overcome Coronavirus Uncertainty W
Here’s a full recap of Warren Buffett’s newsmaking comments at Berkshire Hathaway’s annual meeting C