May 06 (Wednesday)

YRI
Morning Briefing PDF 
Daily Markets

Markets
Stocks rise for a second day with Dow up 100 points as investors bet on the economy reopening C
The market is getting excited as the Fed prepares to buy corporate bonds C

Central banks
Fed Is Propping Up Companies It Had Warned Banks Not to Touch B
Fed policymakers see slow, uneven U.S. recovery after coronavirus downturn R
Fed Vice Chair Clarida says more support may be needed, but economy to rebound next quarter C
ECB Faces Renewed Legal Pressure Over Bond Purchases W

US
U.S. March Trade Deficit Widened as Coronavirus Disruptions Spread W
Why Home Prices Are Rising During the Pandemic W
U.S. hospitals are losing millions of dollars per day in the midst of the Covid-19 pandemic — and recovery may take years C

US politics
Vaccine Expert Alleges HHS Resisted Coronavirus Warnings W
Opinion: Businesses don’t need special immunity from coronavirus liability MW

Geopolitics & trade
U.S. Pushes EU to Back China Inquiry W

Industries & companies
Airlines: Exclusive: U.S. airlines burn $10 billion a month as traffic plummet R
Autos: General Motors in Talks for $2 Billion Loan to Boost Liquidity B
Financials: Wells Fargo gets federal inquiries over handling of PPP loans R
Financials: Prudential Swings to Net Loss As Market Turbulence Hurts Results B
Hospitality: Airbnb to Cut 25% of Workforce W
Insurance: Insurers’ Earnings a Mixed Bag in First Quarter with Coronavirus Impact W
Insurance: Investors Cheer AIG’s Caution on Coronavirus W
Media: Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment C
Media: Disney takes $1.4 billion coronavirus hit, sets date to reopen Shanghai park R
Restaurants: Cheesecake Factory swings to a loss as coronavirus weighs on earnings C

Virus I
Here’s a look at how much of the country is reopening C
Trump Says U.S. Must Reopen Even If More Americans Get Sick, Die B
U.S. Factories Face a Hitch in Reopening: Mexico’s Shutdown W
When will we start traveling again? Here’s what experts are saying C

Virus II
The coronavirus has mutated and appears to be more contagious now, new study finds C
Tricky Math Is Behind Coronavirus Death Predictions W
White House considers phasing out coronavirus task force C
5 a.m. wake ups and 1,000 emails: Inside a typical day for White House Advisor Dr. Anthony Fauci C
Meat Shortages Hit Wendy’s, Leaving Burgers Unavailable at Some Restaurants W

Corporate finance
Occidental Seeks to Lessen Roughly $40 Billion Debt Load W
Lord & Taylor to liquidate its stores as soon as they reopen, sources say C
Men’s shirt retailer Untuckit taps real estate restructuring firm to renegotiate deals during coronavirus C
Private-Equity Numbers Aren’t as Ugly as They Appear W

Offbeat
A Young Doctor Photographs the Pandemic W
Exclusive: Trump administration drafting ‘Artemis Accords’ pact for moon mining – sources R