May 14 (Thursday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Dow drops 550 points after Powell warns of ‘downside risks’ C
The Stock Market Is Crazy Expensive—And That’s OK W
Central banks
Powell’s gloomy outlook has investors predicting another big Fed move C
In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support R
Powell Pushes Back Against Possibility of Negative Fed Rates B
ECB Signals Euro-Area Slump Has Hit Bottom, Recovery Uncertain B
Global
Amid pandemic, world economy projected to shrink 3.2% in 2020: U.N. R
Emerging
India Sets Big Aid Package to Counter Economic Downturn W
US
U.S. producer prices record largest drop since 2009 as coronavirus suppresses demand R
Companies’ Next Coronavirus Challenge: Getting Cash-Strapped Shoppers to Spend W
Companies Start Reaping Billions in Tax Breaks to Ride Out Economic Slump W
Grocery prices are soaring. Here’s what’s getting more expensive NN
US politics
Democrats’ Aid Bill Has Seeds for Eventual GOP Deal B
Republicans Float Ideas on Jobless Benefits, State Aid for Coronavirus Response W
Geopolitics & trade
Trump on China: ‘100 Trade Deals’ wouldn’t make up for coronavirus C
U.S. Says Chinese, Iranian Hackers Seek to Steal Coronavirus Research W
Maternity ward massacre shakes Afghanistan and its peace process R
Industries & companies
Airlines: Airlines are having trouble enforcing their face mask policies NN
FAANGs: Amazon to end wage increases and double overtime pay in June C
Financials: What’s Good for Investment Banks Isn’t Necessarily Good for Investment Bankers W
Hotels: Hosting Coronavirus Workers Prepares Hotels for Industry’s Future W
Retail: Shoppers shift from stockpiling to penny pinching at the grocery store C
Tech: Coronavirus making grocery delivery services like Instacart popular C
Tech: America Is Stuck at Home, but Food-Delivery Companies Still Struggle to Profit W
Virus I
Coronavirus: WHO officials warn of ‘vicious cycle’ of economic and health disasters if restrictions are lifted too quickly C
Coronavirus: Ousted HHS vaccine official warns Congress of ‘darkest winter in modern history’ C
Coronavirus experts can be wrong. We can safely reopen: Rep. Jody Hice
House Panel to Hear Coronavirus-Testing Strategies to Reopen U.S. W
Yellowstone, Grand Teton Parks to Begin Reopening Monday W
Canada, U.S. are likely to extend travel restrictions until June 21: sources R
Virus II
China’s Wuhan Revs Up Testing Amid Second-Wave Coronavirus Fears W
Coronavirus live updates: Europe braces for summer ‘like no other’ C
California AG says he’s ‘ready to enforce’ violations of state order C
New Jersey Moves Toward Reopening After 60% Drop in Revenue B
Why an added month of lockdown will devastate New York small businesses P
Connecticut Governor Says Days of Commuting to NYC May Be Over B
Virus III
Coronavirus: Here are the top drugs and vaccines in development C
Gilead’s Remdesivir Tested With Other Drugs to Fight Covid-19 W
Can You Get Covid-19 Twice? W
Covid-19 symptoms include blood clots, organ failure NN
Offbeat
Cryptocurrency Market Is Becoming Even More Concentrated B
Coronavirus Propels Nextdoor.com Beyond Lost Pets and Peeved Neighbors W
